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ATHENS: German Finance Minister Wolfgang Schaeuble voiced doubts on Wednesday (Thursday in Manila) on whether indebted Greece can live up to its fiscal promises, underlining the problems facing Athens on both the domestic and EU fronts. His comments came on the day that the hard work for Greece’s new anti-austerity…

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IT is not my habit to interview my ‘inside’ sources when I write about listed companies because I don’t want Due Diligencer to be influenced by self-serving company statements. No, I don’t hate insiders. Rather, I rely mostly on filings posted on the website of the Philippine Stock Exchange (PSE)…

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Banking giant HSBC said the Philippines does not need to follow any interest rate tightening in the United States given its strong fundamentals, which are likely to cushion it against the structural headwinds now faced by the global economy. In a press briefing held in Makati City on Wednesday, Frederic…

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The central bank estimates headline inflation in February will reflect upward pressures from higher utility rates and an uptick in oil costs being mitigated by lower rice prices. February inflation will stay within the 2.2 percent to 3 percent range, the Bangko Sentral ng Pilipinas (BSP) said. Official data on…


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The Philippine Stock Exchange index (PSEi) hit new peaks both intraday and at the close on Wednesday after a late-session rebound from mid-afternoon losses, pushed by positive corporate earnings results and optimism on the international markets. Having notched another intraday record of 7,862.91 points before going into a slight correction…

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The recent regulation issued by the Philippine Deposit Insurance Corporation (PDIC) requires banks to computerize their database of deposit accounts and transactions effective Feb 27. Under PDIC Regulatory Issuance 2015-01, member banks are required to have a computerized database system where updated and accurate depositor/deposit information and deposit transactions for…

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DAMASCUS: International efforts to end the conflict in Syria accelerate on Monday with key talks in Brussels and Paris, amid a push for a new peace conference despite growing divisions within the Syrian opposition. United States Secretary of State John Kerry will meet his Russian and French counterparts in Paris…

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PARIS: A controversial nuclear programme, suspected growing involvement in the Syrian conflict and tightly-controlled presidential elections—Iran is an ever-increasing source of concern for Western powers. Tehran last week excluded most would-be candidates from its June 14 elections, keeping only those loyal to the all-powerful supreme leader, dashing any hopes that…

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LONDON: One of the suspects in the brutal murder of a soldier in Britain was arrested in Kenya three years ago and questioned over alleged links to Islamist insurgents, the Keynan government confirmed on Sunday. Michael Adebolajo was detained in 2010 but was handed over to British intelligence agents and…

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QUITO: Ecuador and the Palestinian Authority will open diplomatic missions in each others’ territories, Quito announced on Sunday. The agreement was reached a day earlier in a meeting between Ecuador’s Foreign Minister Ricardo Patino and his Palestinian counterpart, Riyad al-Malki, who was in Quito for the inauguration of President Rafael…

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DAMASCUS: A reporter for Syrian state television station Al-Ikhbariya has been killed while covering an army assault on the rebel stronghold of Qusayr, Syrian state television said on Monday. “The ministry of information… announces that colleague Yara Abbas has been added to the ranks of the martyrs, killed by terrorists…

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TOKYO: The number of researchers exposed to low level radiation in an accident at a nuclear laboratory in Japan last week has hit 30, officials said Monday, with human error likely exacerbating the problem. The accident occurred on Thursday as 55 people were working at a laboratory in Tokaimura, 120…

Today's Breaking News

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ZAMBOANGA CITY – Three people were wounded in a grenade attack on a village packed with visitors in Zamboanga del Sur, police said. The attack took place in New Village in Tambulig town which was celebrating a local festival. Police said an MK2 grenade was tossed at the back…

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The number of deaths from Super typhoon Yolanda (Haiyan) has already exceeded the fatalities from flashflood that swamped Ormoc City in 1990. As of Saturday, the National Disaster Risk Reduction Management Council (NDRRMC) put the Yolanda death toll at 5,235, higher than the 5,100 deaths in the Ormoc tragedy in…

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Two major power lines in Leyte and Iloilo have been restored weeks ahead of schedule, bringing back electricity in the areas ravaged by Super typhoon Yolanda. The National Grid Corporation of the Philippines (NGCP) announced that at about 8 p.m. Friday, lights were turned on for the first time at the Ormoc…

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WARSAW – UN climate talks ran deep into extra time in Warsaw on Saturday as rich and poor nations butted heads over their respective contributions to staving off dangerous planet warming. Exhausted negotiators and ministers shuttled to and fro in the early morning hours to try and lay some…