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Wednesday, June 25, 2008 |
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Divers find ‘many’ bodies
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Authorities to begin investigation of ‘Princess’
sinking
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Rescue divers said they found many bodies on Tuesday inside a ferry
that sank with more than 850 passengers and crew on board,
confirming the worst fears of desperate relatives.
Anxious and angry family members had been
clinging to hope their loved ones might still be found alive inside
the doomed MV Princess of the Stars, which capsized and went down on
Saturday when it got caught in the path of Typhoon Frank.
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Story>>
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O T H E R R E P O R T S
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Survivors tell how they turned to God
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“Lord, will I die at sea?” Jose Mari Garbo recalled muttering these words
as he was left stranded in a raft in the middle of the sea, along
with 27 other survivors from the sinking of MV Princess of the
Stars.
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Story>>
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Officials place storm damage at about P4B
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The damage caused by Typhoon Frank nationwide
could reach P4.27 billion, officials of the National Disaster
Coordinating Council reported Tuesday.
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EXCLUSIVE
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Opposition needs to unite
ahead of 2010 polls
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Concerned about the impending merger between the
ruling political parties, lawyer Adel Tamano said the opposition
forces should unite to boost their chances of winning in the 2010
elections.
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Ratings agency eyes
upgrading outlook for RP
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Credit-rating firm Standard and Poor’s said
the Philippines’ sovereign rating outlook could be revised to
positive from stable as a result of improvement in revenue
collection.
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RP’s governance indicators lag in region
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The Philippines’ ratings in the world
governance indicators were poor compared to its Asian peers, dragged
by weak political stability and corruption control, according to a
World Bank report released on Tuesday.
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Ex-IMF head warns Asia on subsidies
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SINGAPORE: Subsidies pose an increasing fiscal burden that emerging
Asian economies should move away from, a former International
Monetary Fund chief said Tuesday.
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Lack of funding hobbles implementation
of nearly 50 enacted laws
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First of two parts
Even as the administration distributes billions
of pesos worth of dole- outs, there are nearly 50 laws that have
been passed by Congress but cannot be implemented for lack of
funding.
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Story>>
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