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Tuesday, June 17, 2008

Abu Sayyaf wants ransom paid today

JOLO, Sulu: Abu Sayyaf rebels tied to the al-Qaeda terror network on Monday threatened to harm a kidnapped Philippine television reporter and her companions if their families failed to pay P15 million in ransom by noon today.

Incoming Press Secretary Jesus Dureza told a press briefing in Malacañang that the government is standing firm on its no-ransom policy but acknowledged that the ultimatum set by the kidnappers should not be taken lightly.

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Inflation in June seen to grow to 10%

Consumer prices in June are likely to rise to double digits, pushed by costlier food and fuel, an official of the National Economic and Development Authority said.

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Troops fighting in Sulu demoralized

SULU: The morale of Philippine troops fighting the al-Qaeda-linked Abu Sayyaf group sagged on reports that the government would negotiate for the surrender of a top Muslim rebel blamed for a spate of killings and bombings in southern Mindanao region.

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Australian to build $1.5-B hotel-casino in RP

Australian gaming and media tycoon James Packer is expected to sign a $1.5-billion deal to build a hotel and casino resort in the Philippines, an official said on Monday.

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Bakers cut back ‘pandesal’ production

You can’t have your pandesal and eat it too, at least not anytime you want it, the poor man’s bread, that is.

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FEATURE

Museum to rise in Intramuros to house religious collection

The Intramuros Administration has announced plans to build a museum at the ruins of the San Ignacio Church.

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Govt sets aside P1-B fund for drivers

The government made available a P1-billion fund that it said would help drivers convert the diesel engines of their public utility vehicles to run on fuel-saving liquefied petroleum gas or compressed natural gas.

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