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The Securities and Exchange Commission (SEC) has expressed optimism that the proposed changes that will make the Corporation Code aligned with global benchmarks can be adopted by the country before President Benigno S. Aquino III’s term ends. SEC Chairperson Teresita Herbosa expressed hope that the amendments to the Corporation Code…

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Tuna canner Century Pacific Food Inc. (CPFI) on Tuesday said revenues and net income are likely to grow by 10 percent to 15 in tandem with market demand for its branded business. President and CEO Christopher T. Po told reporters after the firm’s annual stockholders’ meeting that the company is…

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WASHINGTON, D.C.: Standard & Poor’s downgraded Greece’s credit rating deeper into junk territory on Monday (Tuesday in Manila), saying the government’s call for a referendum on creditor proposals brought it closer to default. “We interpret Greece’s decision to hold a referendum on official creditors’ loan proposals as a further indication…


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FRANKFURT: European Central Bank (ECB) chief Mario Draghi famously vowed in 2012 to “do whatever it takes” to save the euro. As the single currency area hurtles towards a possible “Grexit” three years later, the 67-year-old central banker is seeing that pledge put to the test. With the debt-battered Greek…

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HERE is a letter signed by one Immanuel Balingit, who identified himself as president of Call Center Philippines, a community organization on a social networking site. Mr. Balingit, together with Alvin Felipe D. Gutiano and Karly Anthony Marquez, his co-founders of the group, emailed me their letter on June 26.…

Regions

World

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CAIRO: Clashes between supporters and opponents of Mohamed Morsi killed four people on Monday (Tuesday in Manila) as the ousted Egyptian president’s family vowed to sue the army over his ouster. At least 28 people were also injured in the violence between the rival groups of demonstrators in Cairo and…

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PANAMA CITY: Panama’s Foreign Minister on Monday (Tuesday in Manila) defended his government’s handling of an Italian request for the arrest and extradition of a former Central Intelligence Agency (CIA) station chief wanted for the kidnapping of an Egyptian militant. On Thursday, the Italian government announced that Robert Seldon Lady…

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BRUSSELS: The European Union (EU) on Monday (Tuesday in Manila) put the military wing of Lebanese Shiite group Hezbollah on its of terrorist organizations, a move that the group slammed as aggressive and unjust. In a statement, Hezbollah’s armed wing said that “Hezbollah firmly rejects the EU decision . .…

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WASHINGTON, D.C.: United States (US) lawmakers are mulling a $1 billion aid package to Jordan, a third of which would defray costs of regional instability, including huge refugee flows from neighboring Syria. A subpanel of the House Appropriations Committee will review the aid during a markup of a broader bill…

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NEW YORK CITY: Eight people were injured on Monday (Tuesday in Manila) after the front landing gear of a Southwest Airlines plane with 150 people on board collapsed on landing at New York’s La Guardia airport. The accident left the Boeing 737-700 with its nose resting against the runway and…

Today's Breaking News

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SYDNEY: Scientists whose Antarctic expedition became trapped in sea ice finally returned to dry land Wednesday, apologizing for the disruption and facing questions over who will pay for the international rescue mission. The scientists were among the 52 passengers plucked by helicopter from their stranded Russian ship, the Akademik Shokalskiy,…

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THE joy of receiving Christmas bonus in the government can stop short if the Commission on Audit (COA) found that the Yuletide stipend was not approved by the chief executive. Such is the case at the Philippine Economic Zone Authority (PEZA), who was ordered to return more than P20 million…

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ZAMBOANGA CITY: Suspected communist rebels barged into a small karaoke house and fatally shot a former government militia in the southern Philippine province of Zamboanga del Norte, police said. Police said Fernando Saldon, 51, died instantly from the attack carried out by two young New People’s Army rebels as their…

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The Department of Foreign Affairs (DFA) is confident that it will be able to submit its arguments before the March 30 deadline to the United Nations-backed International Tribunal of the Law of the Sea (Itlos) regarding its disputes with China over the West Philippine Sea (South China Sea). In an…

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The Department of Foreign Affairs (DFA) on Wednesday said it is working to ensure that fair trial will be accorded to the 27 Filipinos facing terrorism charges because of the intrusion in Lahad Datu, Sabah early last year to reclaim their “homeland.” The Filipinos were involved in a bloody clash…