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PHILIPPINE Long Distance Telephone Co. (PLDT) Chairman Manuel Pangilinan said he is open to another round of talks with GMA Network Inc. eight months after walking away from negotiations to acquire a minority stake in the network. This comes after GMA7 announced in a filing with the Philippine Stock Exchange…

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Fastest-growing market in region BOSCH, a leading global supplier of technology and services, said its consolidated sales in the Philippines grew more than 45 percent in 2014 from a year earlier, making the Philippines the fastest-growing market for Bosch in Southeast Asia. The company said its consolidated sales in the…

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GLOBAL Estate Resorts Inc. (GERI), the listed subsidiary of Andrew Tan-­led property giant Megaworld Corp., intends to ramp up commercial projects in the next few years to achieve a P500 ­million recurring income by 2017. In a press briefing after the GERI’s annual stockholders meeting, Megaworld Senior Vice President Jericho…

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The Department of Trade and Industry (DTI) is partnering with the country’s supermarket giants to showcase goods under its One Town, One Product (OTOP) Program. DTI and Robinsons Supermarket launched on Thursday their partnership to support OTOP Program products as the latter will have Island Favorites section in nine major…


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BEIJING: Chinese e-commerce behemoth Alibaba on Thursday launched an Internet bank aimed at serving small businesses which often struggle to obtain credit from large banks. MYbank, which is 30-percent owned by Alibaba-linked Ant Financial Services Group, said in a microblog post it will offer loans of up to 5 million…

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HONG KONG: Asian markets turned negative on Thursday on concerns about Greece’s debt reform after talks between the country’s officials and creditors fell apart and its leader accused them of rejecting his proposals. While both sides agreed to resume talks later in the day, there are fears they could fail…

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KAMPALA: Presidents from Africa’s Great Lakes region gathered on Thursday in Uganda for a fresh bid to broker a deal to end fighting in resource-rich eastern Democratic Republic of Congo. The meeting of the 11-member International Conference on the Great Lakes Region (ICGLR)—the seventh such summit held to try to…

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JOHANNESBURG: Large parts of Johannesburg—including the suburb where Nelson Mandela is recuperating following his hospital release—were without electricity on Thursday after hundreds of technicians with the city’s power distributor went on strike. Around 200 technicians at Johannesburg City Power refused to work overtime on Wednesday (Thursday in Manila), said Louis…

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MEXICO CITY: The Mexico City council is considering the legalization of cannabis plants and the creation of private marijuana smoking “clubs” as it mulls controversial legislation to liberalize consumption, lawmakers said on Wednesday (Thursday in Manila). The capital hosted a three-day forum on drug policy amid a growing debate in…

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RIYADH: Saudi authorities beheaded two citizens in Riyadh on Thursday after they were convicted of separate murders, the interior ministry announced. Hashan al-Nutayfat shot dead fellow citizen Mohammed al-Dosari in a dispute, while Mohammed al-Qahtani, was executed after he stabbed a fellow Saudi to death. AFP

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WASHINGTON, D.C.: United States (US) lawmakers have begun rallying behind President Barack Obama’s plan to launch military strikes against Syria, ahead of a debate on Wednesday in the French parliament on backing such intervention. After a passionate plea by US Secretary of State John Kerry not to succumb to “armchair…

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SYDNEY: Australian election frontrunner Tony Abbott on Wednesday vowed Asia will be his main foreign policy focus if he assumes office, as an influential media group turned on incumbent Prime Minister Kevin Rudd. The conservative Abbott, whose diplomatic credentials came under fire this week after he said the Syria conflict…

Today's Breaking News

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After 22 years, the Philippines will be returning to the Winter Olympics Games. Seventeen-year-old Michael Christian Martinez will carry the Philippine colors when he competes in the men’s singles figure skating event at the Winter Games in Sochi, Russia, February 7 to 23. Martinez, who was born in…

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PARIS: A quarter of a billion children worldwide are failing to learn basic reading and maths skills in an education crisis that costs governments $129 billion annually, the UN’s cultural agency warned in a report on Wednesday. Inadequate teaching across the world has left a legacy of illiteracy more widespread…

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DUBAI: Top draws Tiger Woods and Rory McIlroy will go head-to-head over the first two rounds of the 25th anniversary Dubai Desert Classic on Thursday and Friday. They will be hoping for a better showing than a year ago when both opted to start their season in nearby Abu Dhabi…

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KIEV: Ukraine’s opposition on Wednesday pressed for more concessions from President Viktor Yanukovych to resolve a deadly political crisis, including an amnesty for jailed activists, after securing the resignation of the prime minister and his entire government. EU foreign policy chief Catherine Ashton was expected to hold talks on the…

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Former world champion Dennis Orcollo ruled the 9-Ball Banks Division of the 16th Annual Derby City Classic at the Horseshoe Southern Indiana Elizabeth in Indiana, US. Orcollo outplayed fellow world titlist Francisco “Django” Bustamante, 3-1, in an all-Filipino championship showdown. American Earl Strickland settled for third. “Winning a tournament wherein…