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THE Department of Energy (DOE) is set to come up with a new policy for the next Feed-in-Tariff (FIT) quota in a move to improve the country’s power mix. Energy Secretary Carlos Jericho Petilla said the department is now in the process of drafting and finalizing the guidelines for the…

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BLOOMBERRY Resorts Corp., the listed casino operator of ports magnate Enrique Razon Jr., expects its net income to turn for the better this year despite a disappointing result in the first quarter “The topline was pretty good, but we had a lot of costs because of the Phase 1 development,”…

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Philippine shares bounced back to positive territory on Wednesday, helped by bargain hunting that broke a five-day losing streak. The Philippine Stock Exchange index (PSEi) advanced by 0.83 percent or 60.83 points to 7,384.27, while the wider All Shares climbed by 0.70 percent or 29.64 points to 4,254.21. Buyers found…


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THE P9.51-billion Light Rail Transit Line 2 East Extension (Masinag) project is expected to increase the line’s ridership by an additional 75,000 passengers daily as the use of the trains is maximized, an official said on Tuesday. “If you extend [the LRT line] you can maximize the use of the…

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PROPERTY giant Ayala Land Inc. (ALI) is speeding up the developments of office buildings in its integrated mixed-use development of the 74­hectare Arca South in Taguig to meet the increasing demand in commercial office space. Stephen Comia, ALI project development manager, said is opening four office towers in the first…

Regions

World

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PARIS: The world’s 136 largest coastal cities could risk combined annual losses of $1 trillion (750 billion euros) from floods by 2050 unless they drastically raise their defences, a study warned on Sunday (Monday in Manila). Current losses are about $6 billion per year, with four cities—Miami, New York and…

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TOKYO: Clean-up workers on Monday started removing a layer of grey ash that spread across a city in southern Japan after a volcano erupted at the weekend, spewing a plume 5,000 meters into the air. Kagoshima city mobilized more than 60 street sweepers as well as water-spraying vehicles to remove…

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LONDON: British authorities faced a furor on Monday after they held the partner of a journalist who worked with Edward Snowden to expose United States (US) mass surveillance programs for almost nine hours under anti-terror laws. David Miranda—the Brazilian partner of Glenn Greenwald, an American journalist with Britain’s Guardian newspaper—was…

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DAMASCUS: United Nations (UN) inspectors tasked with investigating the alleged use of chemical weapons in Syria arrived on Sunday (Monday in Manila) in Damascus as fierce fighting raged in the coastal heartland of President Bashar al-Assad’s clan. The fighting in Latakia came as Assad vowed again that he was determined…

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BEIJING: A Chinese forensic expert who questioned the murder conviction of top politician Bo Xilai’s wife has resigned one of her positions, state media said on Monday, just as Bo’s trial date was announced. Wang Xuemei—who openly doubted the ruling Communist authorities’ account of the death of British businessman Neil…

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ANKARA: A Turkish pilot refused to fly a Beirut-bound plane from Istanbul in a show of protest against the kidnapping of two of his colleagues in Lebanon. Yilmaz Ozgenturk, a captain at national carrier Turkish Airlines (THY), left the cockpit after announcing to passengers in Turkish and English that he…

Today's Breaking News

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ZAMBOANG CITY: A homosexual was allegedly strangled to death in a room he was renting in Pagadian City in Zamboanga del Sur province, police said. Police said the 33-year old Alex Nodado was discovered dead by his neighbor at Purok Sunshine in the village of Santiago and informed authorities about…

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The unemployment rate in the Philippines remained at around 7 percent despite the “robust” economic growth” it experienced in the past two years, the International Labor Organization (ILO) said in its Global Employment Trends 2014 report. The country has recorded an in excess of 6.8 percent growth in 2012 and…

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A lawmaker seem to not lose hope as he has recently filed again the local version of the Lemon Law—similar to that of the United States—eyeing for the protection of buyers of motor vehicles. Rep. Mark Villar of Las Piñas City filed House Bill 3199–to provide security when buying brand…

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The new Chinese ambassador to the Philippines will arrive in Manila before the celebration of Chinese New Year on January 31, a source told The Manila Times on Tuesday. Ambassador Zhao Jinhua was named as successor to former Chinese envoy in Manila Ma Keqing, the source, who refused to be…

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JAKARTA: An Indonesian court on Tuesday jailed the mastermind of an Islamic extremist plot to bomb the Myanmar embassy for seven-and-a-half years, but the militant pledged to “continue fighting the enemies of Islam”. Sigit Indrajid confessed at an earlier hearing to leading a group which planned to attack the mission…