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PH best Asian exporter with 19.7% Nov increase THE country’s stellar export performance in November will support economic growth in the fourth quarter as exports make up 41 percent of gross domestic product (GDP), government economic planners said Friday. Emmanuel Esguerra, officer in charge of the National Economic and Development…

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PHILIPPINE manufacturing output continued to recover in November amid robust export demand and an improving flow of goods. The Philippine Statistics Authority on Friday said that the Volume of Production index (VoPI) in November advanced by 8.1 percent from the revised growth rate of 7.7 percent in October, based on…

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PSEi at 7,402.72 pts, up 0.48% Philippine shares rose in Friday trade, driving the benchmark index to a new record close after it hit an all-time intraday high on optimism fueled by overnight gains on the US markets and cooling domestic inflation. The benchmark Philippine Stock Exchange index (PSEi) finished…

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The government’s outstanding debt reached P5.716 trillion last November, up by 0.7 percent from last year. The minimal increase was due to the drop in foreign obligations. On a monthly basis, debt expansion was negligible at 0.05 percent  or P2.695 billion, official data shows. The Bureau of Treasury said 66…

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The Philippine Stock Exchange (PSE) on Friday said 61 firms or 20 percent  of the 306 listed companies are Shariah-compliant. In the fourth quarter of last year, eight companies were added to the list. The Philippine Stock Exchange according to president Hans Sicat is listing the Sharia-compliant companies to attract…

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PNOC Exploration Corp. (PNOC-EC), the upstream oil, gas and coal exploration and development arm of state-owned Philippine National Oil Co., is seeking a 15 percent stake in an offshore oil and gas deepwater block southwest of the Palawan Basin that has been awarded to Australian firm Otto Energy Ltd. Otto’s…

Regions

World

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TOKYO: Japan on Thursday accused a South Korean newspaper of “dishonourable” behaviour for publishing an editorial suggesting the atomic bombings of Hiroshima and Nagasaki were “divine punishment”. The editorial in the Korean and English versions of the Joongang Ilbo daily on Monday said the 1945 nuclear bombs dropped by United…

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NARATHIWAT: A paramilitary ranger and a suspected militant were killed in a shootout on Thursday in Thailand’s insurgency-torn south, an army spokesman said, as violence continues to rattle the Muslim-majority region despite ongoing peace talks. The clash took place as up to 40 paramilitary rangers, acting on a tip-off, closed…

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TRIPOLI: Fighting in the northern Lebanese city of Tripoli killed at least six people overnight, as supporters and opponents of Syrian President Bashar al-Assad clashed, a security source said on Thursday. “Very violent fighting took place last night until 5a.m. (0200 GMT) that killed six people and wounded 40. The…

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BY AFP BEIRUT: Forty Syrian soldiers and pro-regime militiamen were killed in fighting with rebels on Wednesday around an army camp near the town of Nayrab in the northwestern province of Idlib, a watchdog reported. “The fighting has killed 14 from the rebel side and not less than 40 among…

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MOORE, Oklahoma: Families returned to a blasted moonscape that had been an American suburb on Tuesday after a monstrous tornado tore through the outskirts of Oklahoma City, killing at least 24 people. Passengers flying into Oklahoma City could see the track left by nature’s fury as it played out Monday:…

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OTTAWA: Canada’s prime minister on Tuesday renewed calls for Senate reform, following a flurry of resignations, including his own chief of staff, over an ongoing spending scandal. “The Senate status quo is not acceptable,” Prime Minister Stephen Harper told a room full of Conservative Party faithful. “Canadians want the Senate…

Today's Breaking News

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Former News of the World editors Rebekah Brooks and Andy Coulson were having an affair for much of the time they were allegedly involved in phone hacking at the Rupert Murdoch-owned tabloid, a London court heard. Prosecutor Andrew Edis said Thursday the affair, from 1998 to 2004, proved “they trusted…

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Syria’s entire declared stock of chemical weapons has been placed under seal, inspectors said Thursday, as international envoy Lakhdar Brahimi wrapped up a visit to muster support for peace talks. Meanwhile, Israel has reportedly carried out an air strike on a Syrian military installation to prevent a missile delivery to…

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THE Department of Education (DepEd) is still studying possibilities whether administrative charges would be filed against the public school teachers who are supposed to serve in the barangay polls in Maguindanao province. Tonisito Umali, DepEd assistant secretary for legal and legislative affairs, on Wednesday said that they would first validate…

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DETAINED businesswoman Janet Lim-Napoles, the alleged mastermind in the pork barrel fund scam, has been receiving death threats from a politician, according to her legal counsel. Lawyer Lorna Kapunan said the politician wanted Napoles to keep mum on whatever she knows about the alleged funneling of the Priority Development Assistance…

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Taiwan on Thursday displayed its first long-range submarine-hunting aircraft, days after Beijing showed off its nuclear-powered submarine fleet in yet another sign of China’s fast expanding military might. Taiwan’s military introduced the Lockheed P-3C Orion at a ceremony presided over by President Ma Ying-jeou at an airbase in the southern…

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Rescuers have found the decomposed bodies of 87 migrants in the harsh Niger desert, some of them eaten by jackals, local officials said, the country’s worst such tragedy in a decade. The victims, nearly all of them women and children, had been trying to reach neighboring Algeria but are believed…