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Monday, May 19, 2008

 

‘Cosme’ lashes northern Luzon

Tropical storm crosses Sierra Madre, to exit out to sea early today

Tropical storm “Cosme” battered the northern regions on Sunday with powerful winds triggering floods and landslides and displacing about 6,000 people, relief officials said.

The whole province of Zambales is now under a state of calamity, reported Gov. Amor Deloso in an interview with The Manila Times, noting that an estimated P150-million worth of damages in the town of Sta. Cruz alone, which translates to some 7,000 houses or about 80 percent of the total number of houses in the municipality, which was the most severely hit.

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O T H E R   R E P O R T S

 

THE House of Representatives is now pushing for the suspension of the high capital adequacy requirement being imposed by the Bangko Sentral ng Pilipinas (BSP) on rural banks.

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BACOLOD CITY: The shrimp industry urges government to provide infrastructure support to enable them to increase its export potential and be more competitive in the global market.

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Severino O. Frayna Jr., Benjie Dela Rosa
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