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EFRAIM Genuino, former chairman of the Philippine Amusement and Gaming Corp. (Pagcor), is facing a slew of criminal charges before the Sandiganbayan over the alleged anomalous purchase of movie tickets, illegal donations to private entities and illegal storage of donated rice for typhoon victims. Graft investigators filed 20 counts of…

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Following the disqualification of a party-list group representing senior citizens, President Benigno Aquino 3rd on Tuesday vetoed a measure that seeks to grant more benefits to some 7,000 Filipino centenarians. Palace deputy spokesman Abigail Valte explained that the President vetoed the bill because the discounts and tax deductions it aims…

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THE tangled mess that the Philippine government had to handle over the killing of a Taiwanese fisherman should prompt Manila to review its One China Policy, which prevents the country from negotiating with Taiwan on a diplomatic and political level, two senior government officials said on Tuesday. The sources, who…

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BAMBANG, Nueva Vizcaya: Police Officer 2 Elmark Rodney Pinated, 25, one of the policemen killed by New People’s Army (NPA) guerillas in Cagayan province, left a young widow and a sorrowful mother who will forever condemn the ideology of communist rebels. Evelyn Pinated, a native of Lubbuagan, Kalinga province, said…


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PRESIDENT Benigno Aquino 3rd has appointed maritime law and policy expert Maximo Mejia Jr. as the new administrator of the Maritime Industry Authority (Marina). In a press briefing, Palace deputy spokesman Abigail Valte said the President signed Mejia’s appointment letter on May 22. Mejia will replace Emerson Lorenzo. His term…

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EVEN the government peace panel tasked to talk peace with the Communist Party of the Philippines/New People’s Army/National Democratic Front (CPP/NPA/NDF) has urged government forces to pursue justice for the policemen who were killed by the rebels in Cagayan province on Monday. “We grieve for the brave police officers and…

Business

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Less than 10 percent of banknotes currently in circulation comprise New Design Series (NDS) bills that can no longer by used for purchases by yearend, the central bank said on Thursday. In value terms, this means that some P67 billion worth of the three-decade old series need to be exchanged…

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WASHINGTON, D.C.: The Federal Reserve kept its benchmark interest rate unchanged on Wednesday (Thursday in Manila) but, showing more confidence in US economic growth, made clear an increase is possible in December. After a two-day meeting, policy makers at the US central bank expressed more faith in the strength of…

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The peso and domestic stocks ended lower on Thursday, tracking regional markets, on reports that the US Federal Reserve could finally start raising interest rates before the year ends. The currency dropped to P46.90 per dollar, losing 14 centavos from Wednesday. Thursday’s finish was the weakest since September 29 when…

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THE Philippines should continue developing a number of sectors to remain competitive locally and internationally, the World Bank and the National Competitiveness Council (NCC) said after the country slid six notches to the 103rd spot in the latest Doing Business 2016 Report. World Bank economist Dr. Karl Kendrick Chua noted…

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Customs revenues fell below target in September, the government reported on Thursday, as lower oil prices offset an increase in overall import volumes. The Bureau of Customs said it netted P36.25 billion last month, short of the P4.85-billion goal and down 0.8 percent from a year earlier. In a statement,…

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The Energy Regulatory Commission (ERC) has deferred issuing a decision on the mandatory implementation of the competitive selection process (CSP) for distribution utilities (DUs). ERC Chairman Jose Vicente Salazar said they still need to meet with the Department of Energy (DOE) regarding the matter. “Upon consultation with the members of…

Regions

World

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DONETSK: Nine Red Cross members whom rebels said they had detained in the eastern Ukrainian city of Donetsk have been released, officials from the organization told Agence France Presse Saturday. David Pierre Marquet, International Committee of the Red Cross (ICRC) spokesman for Europe and Central Asia in Geneva, confirmed the…

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BANGKOK: Thailand’s pro-government “Red Shirts” began massing Saturday in Bangkok to challenge a bid by opposition protesters to install an unelected regime in power after the removal of the prime minister. The dismissal of premier Yingluck Shinawatra and nine ministers by the Constitutional Court this week for the improper transfer…

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NEW DELHI: Campaigning in India’s bitterly fought general election was set to end Saturday ahead of next week’s final voting with the Hindu nationalist opposition already scenting victory. “We’ll get a clear majority,” Amit Shah, a close aide to charismatic but divisive Bharatiya Janata Party (BJP) leader Narendra Modi, tipped…

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SAN FRANCISCO: An appeals court on Friday breathed new life into Oracle’s big-money lawsuit against Google by ruling that software commands can be copyrighted just like classic books. A panel of three judges in the US Federal Circuit Court of Appeals concluded that a trial court erred last year by…

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WASHINGTON: US Treasury Secretary Jacob Lew will meet top officials in Beijing next week, officials said. Lew will spend Tuesday in talks with Chinese counterparts, with China’s reform agenda, the coming annual US-China Strategic and Economic Dialogue, and “efforts to level the playing field for US workers and firms” on…

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BANGKOK: Thai police on Friday fired tear gas and water cannon at protesters mounting a “final fight” to topple the embattled government, two days after the prime minister was stripped of office. Thousands of protesters left their main encampment in a park in the city’s commercial district as their firebrand…

Today's Breaking News

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BRUSSELS: The ministers from the European Union (EU) and the Association of Southeast Asian Nations (ASEAN) Wednesday called for a “swift, full and thorough, transparent and independent” international investigation into the downing of Malaysia Airlines flight MH17. In a joint statement of the 20th EU-ASEAN Ministerial Meeting in Brussels, the…

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TAIPEI: More than 40 people were feared dead in a plane crash in Taiwan on Wednesday, officials said, with witnesses and local media reporting the flight came down in a storm after an aborted landing. Taiwan’s transport minister said 10 bodies had so far been recovered from the wreckage of…

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JAKARTA: Presidential candidate Joko “Jokowi” Widodo and his running mate Jusuf Kalla “JK” have won Indonesias 2014 presidential election as announced by the General Election Commission (KPU) here on Tuesday night. Jokowi-JK has secured 70,990,832 votes or 53.15 percent of the total 133,567,276 of the national valid votes. While his…