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TUGUEGARAO CITY: An incoming college freshman took his own life on Friday upon realizing that he could not enroll because his parents do not have money for his tuition. Denmark Gabug of San Lorenzo Village, San Nicolas, Ilocos Norte province, used a nylon cord to end his life. His family…

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Malacañang on Sunday said Taipei has not issued additional conditions with which the Philippines should comply before deploying its investigators to Taiwan. Agents of the National Bureau of Investigation (NBI) are set to go to Taiwan today to conduct their own probe into the killing of a Taiwanese fisherman off…

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The confirmed death toll from fighting between soldiers and Abu Sayyaf rebels rose to 14 on Sunday as troops pursued the militants, a military spokesman said. Soldiers pressed on with their hunt for the rebels a day after a bloody clash on the remote southern island of Jolo, said Brig.…

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The Coordinating Council of Private Educational Associations (Cocopea) congratulated the newly-elected lawmakers and urged them to prioritize legislations that will boost scholarship funding and strengthen the quality of education in the Philippines. Dr. Jose Paulo Campos, Cocopea chairman, hoped that the new members of Congress will focus on raising the…


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SUPREME Court justices on Sunday cautioned Justice Secretary Leila De Lima to stop criticizing the courts because she is in no position to review the decisions of magistrates. The justices were angered by de Lima’s recent verbal attacks against the Court of Appeals (CA). The Justice secretary lambasted the appellate…

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ZAMBOANGA CITY: Twelve people were killed in Sulu early Saturday as troops clashed with the Abu Sayyaf, a militant group blamed for the country’s deadliest terror attacks, the military said. Reports from the province said Abu Sayyaf rebels ambushed patrolling soldiers in the town of Patikul, who were then tracking…

Business

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ABOITIZ Equity Ventures Inc. (AEV) reported a 17-percent decline in net income in the first nine months of 2015 due to the weak performance of its power, banking and property units. Its consolidated net income dropped to P14.3 billion from P11.9 billion a year earlier. “Despite the slight slide in…

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Aboitiz Power Corp. (AboitizPower) said its core net income for the first nine months of 2015 amounted to P13 billion, down 3 percent from a year ago due to lower sales at its Tiwi-MakBan plants and foreign exchange losses. The company said the generation business recorded an income share of…

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Philex Petroleum Corp. (Philex Petroleum) said it incurred a consolidated net loss of P118.1 million in the nine months of 2015, down by about two-thirds from last year’s comparative net loss of P376.9 million. In a disclosure to the Philippine Stock Exchange (PSE) on Wednesday, Philex Petroleum said it continued…

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Sees 15% loan growth in 2016 BPI Family Savings Bank, the thrift bank arm of the Ayala-led Bank of the Philippine Islands, is confident of hitting its P200-billion target in loans for the whole year, citing increased demand from younger clients as prime movers of the economy and an improved…

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BDO Leasing and Finance Inc., the listed financing arm of Sy-led Banco de Oro, booked P387 million in net income in the first nine months of the year, up 2.3 percent from P378 million a year earlier. The company cited the expansion in its loan and lease portfolio by 14…

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FIRST Metro Investment Corp. (FMIC), the investment bank of the Metrobank Group, is up for a big change in top management as its president will retire next year. In a statement, FMIC said President and Director Roberto Juanchito Dispo – who served FMIC for 18 years – will be retiring…

Regions

World

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CARACAS: Jailed Venezuelan opposition leader Leopoldo Lopez is to appear on Thursday (Friday in Manila) at a hearing that could see him freed after 70 days detention for allegedly inciting deadly violence during anti-government protests. At least 41 people have died and more than 700 have been injured since students…

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RIYADHL: Saudi Arabia said on Tuesday (Wednesday in Manila) it has dismantled an emerging al-Qaeda-linked group tied to extremist organizations in Yemen and Syria, arresting scores of alleged militants in a renewed crackdown on jihadists. Authorities have arrested 62 suspected members, including a Palestinian, a Yemeni, and a Pakistani, the…

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BEIJING: Six people were wounded in a knife attack at a Chinese train station on Tuesday, after a series of violent episodes at transport hubs authorities blame on “terrorists” from the restive region of Xinjiang. Chinese media reports said there were as many as four attackers in white caps—often donned…

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PRETORIA, South Africa: Oscar Pistorius allegedly made a “very sinister” remark to a state witness and friend of the late Reeva Steenkamp in court on Tuesday, a lawyer for the woman said. “My client, Kim Myers, was approached by Oscar Pistorius in court today and in a very sinister tone…

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WASHINGTON D.C.: A car trailed an official motorcade that was carrying the daughters of US President Barack Obama on Tuesday (Wednesday in Manila), sparking a brief lockdown at the White House. The Secret Service, which is in charge of the president’s security, said the vehicle followed the motorcade past a…

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SEOUL: While more than 70 percent of South Koreans support eventual unification with North Korea, almost half have no interest in helping cover the massive estimated financial cost, a survey said on Wednesday. The poll of 1,001 people found that 72 percent backed the idea of a unified Korean peninsula,…

Today's Breaking News

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COTABATO CITY: An alert duck raiser aware of violence happening in the region quickly alerted authorities of his surprising discovery, an improvised bomb in a remote village in President Quirino, Sultan Kudarat province, officials on Tuesday said. His discovery sent chilling effects on residents of Barangay Katiko, President Quirino, a…

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KIEV, Ukraine — International investigators and emergency workers began gaining access Monday to the site in eastern Ukraine where Malaysia Airlines Flight 17 crashed last week as pro-Russian separatists holding the area turned over the plane’s flight recorders to Malaysian officials. The signs of compromise came as nearly all 298…

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WASHINGTON: Last month was the hottest June since record keeping began in 1880, the U.S. National Oceanic and Atmospheric Administration (NOAA) said Monday. It marked the third month in a row that global temperature reached a record high. According to the NOAA data, April and May were also global record-breakers.…

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LONDON: British Prime Minister David Cameron said Monday Europe must keep increasing pressure on Russia, warning that he would push the European Union to consider a new range of “hard-hitting” sanctions against Russia. “Russia cannot expect to continue enjoying access to European markets, European capital, European knowledge and technical expertise…