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   May 08, 2008

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The Active Low Pressure Area east of Mindanao has intensified into a Tropical Depression and was named "Butchoy".It is expected to induce the southwest monsoon and bring rains over Visayas and Mindanao.

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Asians told 
to rein in prices  

The long wait: Residents of Labutta town in the Irrawaddy division of southwest Myanmar who survived cyclone Nargis but lost their homes now have to cope with the challenge of surviving without clean water, food or shelter. The tragedy that hit one of the poorest countries in the world claimed the lives of some 22,000 people and aid experts on Wednesday warned of a looming health crisis.
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Moody’s: $80-B Asean fund too unwieldy

Asian economies should make a priority the immediate implementation of measures to contain high inflation, instead of setting up a foreign-reserve pool, the US-based credit rating firm Moody’s Investors Service said.

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Record-breaking oil prices have sparked widespread international concern among consumer nations amid predictions that they could rise perhaps as high as $200 per barrel.

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T O P   S T O R I E S

·  Govt mulls discounts on residential Meralco bills
·  Malacañang gives up rice to private sector
· 

Panay in ancient Chinese records

· Obama nears presidential nomination
· Esperon to revamp top brass
   

M E T R O

CARP extension tops bishops’ meeting

THE influential Catholic Bishops’ Conference of the Philippines (CBCP) avoided discussing other social and political issues beyond its members’ petition to Congress to extend the agrarian reform program during the Wednesday meeting of its permanent council.

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R E G I O N S

Rep. Iggy Arroyo says bishops should give up their landholdings for distribution

BACOLOD CITY: Lashing back at the recent call of the Catholic Bishops’ Conference of the Philippines (CBCP) urging the Department of Land Reform to subject the First Family’s landholdings to land reform, Negros Occidental Rep. Ignacio Arroyo (5th district) reacted and dared the bishops to distribute landholdings owned by the Church, too.

Full Story>>

 

B U S I N E S S

Oil refiner’s profit dips despite record crude prices

THE Gokongwei group wants to acquire a substantial interest in the Philippines’ largest oil refiner, government and company source said on Wednesday

Full Story>>

  

S P O R T S

FORD ARAO finally shone for San Mig Coffee Wednesday as the Coffee Kings outlasted the Toyota Otis Sparks, 68-64, and clinched the fourth and last semis berth in the PBL Lipovitan Amino Sports Cup at the Oreta Sports Center in Malabon City.

Full Story>>

 

T E C H   T I M E S

Microsoft China broke ground Tuesday on a 280-million-dollar research facility in the middle of Beijing's "Silicon Valley", the software giant said in a statement.

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OPINION

EDITORIAL
The case of the missing bill

A FUNNY thing happened to the Universally Accessible Cheaper and Quality Medicines Act on its way to the presidential palace. It got lost. This is what some Filipinos and the sponsors of the bill suspect. They fear the bill may have not reached the Office of the President. Mrs. Gloria Arroyo to this day has not signed the bill.

Full Story>> 
·

Julius F. Fortuna: No government takeover of Meralco

· Geronimo L. Sy: Ironman
· Alfredo G. Rosario: Mental fitness for OFWs
· Tony Lopez: Oil, rice situation worsens
· FEATURE: Include Taiwan in the global disease prevention network
· ANALYSIS: Pawnbrokers thrive as US economy flounders
· LETTER: Working double time

Business Columnist

·

Rene Martel: Cinematic aid from PLDT-Smart Foundation

.

World

Myanmar cyclone survivors emerge

LABUTTA, Myanmar: Tens of thousands of shocked survivors of cyclone Nargis’s attack in Myanmar flocked to this town, trekking through are floodwaters littered with bloated bodies, an Agence France-Presse reporter said Wednesday.

.

Full Story>>

Life & Times

Certified epidemic
Viral videos on the loose

They are viral—so contagiously funny, embarrassing or outrageous that you just have to share them with others and spread the word. Filipinos are gaining both fame and notoriety on the Internet with video postings on the YouTube.com. In the process we are showing the world both our wit and our embarrassment.

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2008 Dr. Jose P. Rizal Awards: Search for Outstanding Chinese-Filipinos

 

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