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Tuesday, July 01, 2008

 

Oil prices near record $143

‘Congress’ to tackle role of speculators

World oil prices rose to within touching distance of a record-high point of $143 a barrel on Monday, as French truckers protested against high fuel costs and energy leaders met to discuss soaring crude.

New York crude oil had hit an all-time record of $142.99 a barrel on Friday as the US currency remained weak. The ailing dollar has fueled demand for oil, which is priced in dollars, from traders holding stronger currencies.

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O T H E R   R E P O R T S

 

Fresh from her 10-day visit to the United States, President Gloria Arroyo will visit worst-hit Aklan province today to tour damaged areas and assess devastation wrought by Typhoon Frank, assuring that her government would “get to the bottom of this terrible tragedy.”

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KUALA LUMPUR: Malaysian opposition leader Anwar Ibrahim prepared Monday to leave the Turkish Embassy where he fled after being accused of sodomy, and filed a lawsuit against his accuser.

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Manny Pacquiao may never know who had hit him just hours after he knocked out Mexican David Diaz in their title fight on Sunday in Nevada.

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This one’s definitely for Ripley’s Believe It or Not. Hand tools imported from South Korea arrived at the Port of Manila on board reefer vans. Any ordinary person would have been suspicious of why hand tools had to be refrigerated, but people at the Bureau of Customs are no ordinary persons.

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Embattled shipping firm Sulpicio Lines Inc. blamed Del Monte Philippines for allegedly failing to declare its toxic cargo now apparently threatening the environment and the people in central Philippines and the divers who are retrieving corpses from the sunken Princess of the Stars. Sulpicio Lines owns the ferry.

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SPECIAL REPORT

First of two parts

A COMPANY that has neither track record in the gaming business nor proven financial capability to back up a multibillion-peso enterprise is poised to become the newest investor in the ambitious “Tourism City” project of the Philippine Amusement and Gaming Corp. (Pagcor).

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Severino O. Frayna Jr., Benjie Dela Rosa
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