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A CHAIN smoker devised a scheme to earn money, knowing that sooner or later, he may contract lung cancer or other tobacco-related illnesses. He bought several hundred packs of expensive cigars and had them insured against fire. After smoking them all, he filed a claim, pointing out that the cigars…

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Business sentiment on the Philippine economy weakened in the first quarter this year as the frenzy of Christmas consumer activity waned, but bounced back going forward with about one in every three industry respondents to a survey talking about expansion plans for the second quarter. The overall business confidence index…

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The central bank has strengthened the standards for banks’ and other financial institutions’ internal control and audit in line with international best practices. In a statement on Friday, the Bangko Sentral ng Pilipinas (BSP) said its Monetary Board had revised the guidelines for the internal control and internal audit raising…

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OIL giant Pilipinas Shell Petroleum Corp. is determined to keep its storage facilities in Pandacan, Manila, maintaining that the oil terminal is still “safe.” Pilipinas Shell country president Ed Chua said the company has already filed a motion for reconsideration (MR) of the November decision of the Supreme Court shutting…


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Philippine shares drifted off their record peak further in a second consecutive day of a “welcome correction” on Friday, with profit-takers cashing in their gains ahead of the tax month. The Philippine Stock Exchange index (PSEi) slipped 0.44 percent or 33.82 points to 7,730.57, while the All Shares index lost…

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Philippine cargo volume grew 5 percent year-on-year in 2014 despite congestion at the port of Manila, the Philippine Ports Authority (PPA) said Friday. “Coordinated efforts from various government agencies and the private sector cushioned the adverse effect of the truck ban imposed in Manila starting February 2014,” PPA General Manager…

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KATHMANDU: Another three climbers have perished during Himalayan expeditions in Nepal, casting a shadow over celebrations this week of the first summit of Everest 60 years ago. A 67-year-old Japanese woman named as Chizuko Kono and 50-year-old Spaniard Juanjo Garra went missing on Friday on Mount Dhaulagiri along with their…

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KUALA LUMPUR: A British tourist died in Malaysia when she was struck by a passing boat’s propeller in a diving accident off a group of popular resort islands in the South China Sea, police said on Tuesday. Madeline Jayne, 25, suffered serious injuries to her lower limbs and torso in…

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SYDNEY: Aerial surveillance of a remote Indian Ocean area near where 28 life jackets were found four days ago revealed no evidence of a ship wreck, an Australian government spokeswoman said on Tuesday. The discovery of life jackets on the Cocos (Keeling) Islands off Western Australia on Friday has prompted…

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SYDNEY: Victims of child sex abuse by Catholic clergy in Australia and their supporters on Tuesday called for the resignation of the church’s top ranking cardinal, saying they were unimpressed with his apology. Sydney Archbishop Cardinal George Pell on Monday appeared at a Victorian state government inquiry into the criminal…

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SYDNEY: Australian immigration officials confirmed on Tuesday that a German jewel thief transiting through Bangkok under escort managed to escape his guards and flee the airport in an embarrassing bungle. Carlo Konstantin Kohl, 25, was being extradited to Germany via Thailand when bad weather forced an extended stopover at Bangkok’s…

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WASHINGTON: A fire broke out aboard a Royal Caribbean cruise ship on Monday, forcing the more than 2,000 guests aboard to gather at assembly areas while it was extinguished, the cruise line said. The company said the fire broke out at 2:50 a.m. (0650 GMT) in a mooring area on…

Today's Breaking News

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VATICAN CITY – Bones believed to belong to Saint Peter, one of the founding fathers of the Catholic Church, went on display for the first time Sunday, as Pope Francis held a ceremony to end the “Year of Faith”. Tens of thousands of pilgrims gathered to catch a glimpse…

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KIDAPAWAN CITY: Muslim preachers and leaders of Muslim Mindanao region welcomed the Filipino music icon Freddie Aguilar and his 16-year-old bride Jovie Gatdula Albao for embracing Islam. The marriage drew mixed criticism because the bride is a minor and Aguilar’s decision to convert to Islam. “There are conservative Muslims perceived…

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BANGKOK – Tens of thousands of anti-government demonstrators massed in Bangkok on Sunday, with a major rally scheduled later by their rivals, as Thailand faces its most significant political street action since bloody protests in 2010. Organizers said 100,000 anti-government protesters had gathered by Sunday afternoon, while thousands of pro-government…

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TACLOBAN CITY –  Filipinos in the storm-ravaged city of Tacloban joined the nation in celebration on Sunday after watching boxing hero Manny Pacquiao defeat American Brandon Rios in a comeback fight he dedicated to victims of Super Typhoon Yolanda (Haiyan). For a brief moment, those who lost their homes,…

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A gang of robbers shot and killed the security guard of a branch of the Western Union in Parañaque City on Sunday. The guard, Felipe Montilla, was shot by one of the three men who robbed the Western Union branch at the corner of Dr. A. Santos Avenue and…