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BRUSSELS: Greece hurtled closer to a possible exit from the eurozone on Saturday (Sunday in Manila) after Europe responded to the government’s call for a referendum by refusing to extend Athens’ desperately needed bailout. The referendum on bailout proposals by Greece’s creditors planned for July 5 was approved by the…

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NEW YORK City: California-based Airbnb, the online accommodations hub, has arranged to raise $1.5 billion, sending its value up to $25.5 billion, a source close to the deal told Agence France-Presse on Saturday (Sunday in Manila). A group of American and Chinese investment funds were involved in the discussions, which…

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The government should place under its top priority list the development of legalized gambling in the Philippines because it makes much money from it. One listed company alone reported having paid the government P6.5 billion in franchise fees and taxes. To be exact, in the last three years, that is,…

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HOW can something illegal be made legal? I’m not sure if I have a rational explanation, but according to news reports, big-time drug traffickers require their clients to pay gambling chips or tokens, while they’re inside a casino. And it’s one practical approach to circumvent the anti-money laundering act. Dan…


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REVENUES of the country’s information technology-business process outsourcing (IT-BPO) industry expanded at a robust rate of 13.8 percent in 2013 from a year earlier, a central bank survey said. Results of the Survey of IT-BPO Services conducted by the Bangko Sentral ng Pilipinas (BSP) showed that total revenues of the…

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THE central bank sees headline inflation in June settling within its target range of between 1.1 percent and 2 percent given the lower local pump prices of petroleum and power rates. Official inflation data will be released by the Philippine Statistics Authority on July 7. “June inflation is seen to…

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RIO DE JANEIRO: Pope Francis is due in Brazil on Monday on his first foreign trip as pontiff to attend an international youth festival in the world’s biggest Catholic country. The 76-year-old Argentine, Latin America’s first pope, will visit a nation still shaken by last month’s social unrest that saw…

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NEW YORK CITY: Superstar couple Jay Z and Beyonce joined protesters across the United States (US) on Saturday (Sunday in Manila) amid simmering anger over a not-guilty verdict in the shooting death of black teenager Trayvon Martin. A call for nationwide vigils designed to press for federal action in the…

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NEW DELHI: Six men accused in the gang-rape and robbery of a 39-year-old Swiss woman cyclist holidaying in India were sentenced to life terms on Saturday by a fast-track Indian court. The rape of the Swiss woman came three months after the fatal gang-rape of a 23-year-old physiotherapy student on…

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BEIJING: A Tibetan monk died after setting himself on fire in southwest China in the first such protest for more than a month. Kunchok Sonam, 18, carried out the protest on Saturday outside a monastery in Aba prefecture, part of Sichuan province, Radio Free Asia said in a report which…

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SYDNEY: United States (US) fighter jets dropped four unarmed bombs on Australia’s Great Barrier Reef in an “emergency jettison” during a training exercise, ruling out any risk to the public or environment. The US 7th Fleet said two Harrier aircraft dropped the ordnance on the iconic reef’s marine park off…

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BAGHDAD: A wave of bombings killed 65 people in Baghdad province on Saturday (Sunday in Manila) as Iraq struggles to contain its worst violence since 2008, in which over 520 have died this month. Twelve car bombs and a roadside bomb hit the city of Baghdad, while another bomb exploded…

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…