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 SEN.
Antonio Trillanes IV gives a statement to journalists at
the lobby of the Manila Peninsula Hotel, where he and Gen.
Danny Lim holed up for six hours with civilian supporters
led by former vice president Teofisto Guingona Jr. At
right, a rebel soldier stands guard at the classic stairs
of the Manila Pen.
--ROY COBILLA |
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Standoff spurs curfew, arrests |
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IN scenes
reminiscent of the 1989 takeover by putschists of Makati’s
central business district and the 2003 Oakwood Mutiny, a
soldier-senator and a general held court Thursday with rebel
soldiers for six hours at the Manila Peninsula Hotel,
demanding the resignation of President Arroyo and reforms in
the government. |
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Palace: No state of emergency,
situation under control |
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Malacañang
said on Thursday that it will not declare a state of
emergency following what it merely called a “situation” in a
luxury hotel in Makati City where Sen. Antonio Trillanes IV
and Brig. Gen. Danilo Lim tried to drum up public support
for President Arroyo’s ouster. |
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6.6% growth posted in Q3; threats
bared |
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THE economy
posted a 6.6-percent gross domestic product (GDP) growth in
the third quarter, lower than the previous quarter’s
all-time high of 7.5 percent, according to data released by
the National Statistical Coordination Board (NSCB). |
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Growth figures highlight OFWs’
sacrifices |
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NEWLY
RELEASED national income accounts (NIA) figures show that
overseas Filipino workers’ (OFWs) remittances are once again
instrumental in economic growth. But the case of Marilou
Ranario highlights the sacrifices OFWs make for such
“growth,” according to independent think tank IBON
Foundation. |
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Strong peso best tool against
high oil prices in 2008–Neda |
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THE national
government is confident the strong peso will continue to be
the strongest mitigating factor against high oil prices
until next year. |
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Asia faces water crisis unless
quick action taken: ADB |
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DEVELOPING
Asian countries including the Philippines must change their
strategies in managing water resources to avert a crisis,
according to a new Asian Development Bank (ADB) report. |
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Red Vulcan pays P58.5 billion for
PNOC-EDC government share sale |
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GOVERNMENT-RUN Philippine National Oil Co. (PNOC) said
Thursday that Red Vulcan Holdings Corp., the winning bidder
of the 60-percent government stake in PNOC-Energy
Development Corp. (PNOC-EDC), paid the full amount of P58.5
billion for the stake. |
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RP will still tap Chinese ODA
despite NBN fiasco |
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The
Philippines will continue to seek official development
assistance (ODA) loans from China despite the recent shakeup
created by bribery allegations in the national broadband
network (NBN) project. |
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Europe big potential tourist
market for RP |
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CEBU CITY—French
Ambassador to the Philippines Gerard Chesnel said the
country needs to uplift its image in Western Europe in order
to bring in the big spending tourists from the region. |
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Details bug OFW bonds issuance |
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THE devil
seems to have hounded the unending discussions on the
planned sale of the overseas Filipino worker-targeted bonds. |
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Exports of coco products down in
August |
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THE
country’s export of various coconut products for August went
down by 9.7 percent to 147,403 metric tons (MT) in copra
terms year-on-year, data from the Philippine Coconut
Authority (PCA) showed. |
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MORE STORIES ... |
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SBMA law
enforcers check inbound vehicles at the Subic Bay Freeport’s
Rizal Gate. The SBMA says expanding the free port’s secured
areas into the neighboring communities would result in more
economic benefits to local residents.
--HENRY EMPEÑO |
