PHILIPPINE NEWS SERVICE — A LONDON-BASED credit rating agency warned the Philippines may miss its fiscal target this year because of poor tax collection, but kept its stable outlook on the country…
Category: News Stories
SMC to invest $750m in other business line
PHILIPPINE NEWS SERVICE — Food and beverage giant San Miguel Corp. is prepared to invest up to 10 percent of its total assets, or roughly $750 million (P35 billion), on investments in…
‘An eye for an eye’ for Bossi’s captors
PHILIPPINES NEWS SERVICE — Rejecting ransom demands for Italian priest Fr. Giancarlo Bossi, government security forces dealt with his kidnappers in the only way they would understand. On Saturday, the 33rd day…
Peso climbs to 44.8/$1
PHILIPPINE NEWS SERVICE — THE peso continued to climb to fresh seven-year highs, breaking through 45 against the dollar and completing its best weekly performance in years after the government said it…
Bossi freed by Abus
PHILIPPINE NEWS SERVICE — A HAGGARD Italian priest held hostage for over a month in Mindanao said yesterday he lost 15 pounds on a meager diet of fish and rice but was…
Reds soften demand for talks
PHILIPPINE NEWS SERVICE — THE Communist Party of the Philippines has softened its demand to be removed from international terror lists, saying a joint statement with the government clearing it of terrorist…
Garcia wants graceful exit
PHILIPPINE NEWS SERVICE — Cebu Rep. Pablo Garcia, the leading challenger to Speaker Jose de Venecia’s bid for a fifth term has conceded and is just seeking a “graceful exit” from a…
Bedol remains defiant at Comelec
PHILIPPINE NEWS SERVICE — TRUE to his words, Maguindanao election supervisor Lintang Bedol appeared at yesterday’s hearing of the Commission on Elections on the contempt charges against him, but defiantly assailed the…
Magdalo officers asks court to dismiss coup case
PHILIPPINE NEWS SERVICE — Junior military officers belonging to the rebel Magdalo group have asked the Makati City Regional Trial Court to dismiss the coup d’etat charges against them. Thirteen of the…
Senators join fray over Korean visa
PHILIPPINE NEWS SERVICE — SENATOR Manuel Villar said yesterday that South Korea could be expected to lift the suspension order it imposed on the issuance of visa to Filipino workers. This developed…
MILF to face AFP’s wrath if it will not give up killers
PHILIPPINE NEWS SERVICE — THE National Security Adviser warned yesterday that government troops will launch an offensive against the Moro Islamic Liberation Front if it ignores the government’s demand that the group…
Reds orders new attack in reply to terror law
PHILIPPINE NEWS SERVICE — COMMUNIST leaders have ordered the New People’s Army to wage more attacks against the government in response to the landmark anti-terror law that came into force yesterday. The…
Antiterrorism law greeted with protest
PHILIPPINE NEWS SERVICE — Protests greeted a controversial antiterrorism law that came into force Sunday amid fears it could be used to quell popular dissent against the Arroyo government. A group of…
World Bank wants no new tax measures
PHILIPPINE NEWS SERVICE — THE World Bank sees no need for the Philippines to push new tax measures despite the P53-billion collection shortfall in the first half of the year, saying it…
Search for ‘missing’ Pinoy boxing trainer continues
By Alex P. Vidal/ PNS OSAKA, Japan — Boxing authorities here continued to track down the whereabouts of Filipino boxing trainer Nestor “Bong” Elorde who had not returned to the Philippines and…