Friday, November 4, 2011

04 NOVEMBER 2011, Fri, 0737h

USD1.00=Php42.909    Prev=42.887     PDS FX Rate  03-November-11 
PSEi     4,210.25     (50.16)     -1.1774%    THU NOV 03, 2011 13:00:00 PM 

Philippines


DE LIMA DEFERS GMA'S TRAVEL PERMIT, SAYS SHE NEEDS MORE TIME TO STUDY CASE

Philippine Headline News - 
MANILA, NOVEMBER 3, 2011 (TRIBUNE) By Benjamin B. Pulta, Charlie V. Manalo and Virgilio Bugaoisan - President Aquino and his Justice secretary, Leila de Lima, continue to keep former President Arroyo and her health condition hanging, as De Lima has ...

Peace talks resume in Kuala Lumpur

Inquirer.net - 
The peace talks, albeit informal, have resumed between the government and the Moro Islamic Liberation Front, the presidential adviser on the peace process said on Thursday.

Labor group warns of backlash from OFW deployment ban

Inquirer.net - 
A labor and migrants advocacy group on Thursday cautioned the government against “adverse reactions” from the 41 countries cited as unsuitable to host Filipino workers by the Philippine Overseas Employment ...

Lawyer demands release of RJ Bautista

Inquirer.net - 
The lawyer of Ramon Joseph “RJ” Bautista on Thursday said his client was arrested without a warrant and should be released. Dennis Manzanal filed an omnibus motion at the Parañaque City Prosecutor's Office seeking the immediate ...

Money comes between communist rebels

Inquirer.net - 
While it seeks to forge peace with all rebel groups, the government may unwittingly be further driving a wedge between communist rebels over a P31-million grant to a group of former insurgents.

Man holds daughter hostage; drama ends after 17 hours

Inquirer.net - 
By Jhunnex Napallacan A security guard held his daughter hostage in a desperate move to win back her estranged wife. The hostage drama in barangay Poblacion, Borbon town, northern Cebu, ended after 17 hours when the wife decided to reconcile with her ...

P1.15-B basic education fund released

Journal Online - 
THE Department of Budget and Management (DBM) has released P1.15 billion to fund various projects envisioned to improve basic education in the country.

SC asked to reverse ruling on ARMM elections

GMANews.TV - 
Opponents of the law synchronizing the elections in the Autonomous Region in Muslim Mindanao (ARMM) with the 2013 midterm elections asked the Supreme Court on Thursday to reverse its ruling favorable to the said law.

Naia taxiway extension in the works

Inquirer.net - 
The Ninoy Aquino International Airport (Naia) will soon be able to accommodate more domestic and international flights with the planned construction of an additional “rapid-exit taxiway.

In a world of now 7 billion people,a bleak future lies ahead of young people

Manila Bulletin - 
Amid the joy that comes with the birth of Filipina Danica May Camacho who on Oct. 31 became the world's first seven billionth baby.

SN Aboitiz eyes 2 more hydro plants in Luzon

Sun.Star - 
AFTER opening the Ambuklao Hydro Electric plant last week in Benguet, SN Aboitiz Power Corp. is eyeing two more hydroelectric plants in Nueva Vizcaya and Quezon provinces.

Philippines wins awards in Korea

Manila Bulletin - 
MANILA, Philippines - The Philippines took home several awards from the prestigious 15th International Awards for Liveable Communities during a ceremony held recently in Songpa, Seoul in South Korea.

2 gunmen killed in shootout

Tempo - 
CAMP OLIVAS, Pampanga, Philippines - Two motorcycle-riding gunmen carrying alleged “extortion letters“ were killed in a shootout with policemen after they refused to stop at a checkpoint in Bacolor town on All Saints' Day, police reported yesterday.

2 teens file molestation, rob raps vs cab driver

Inquirer.net - 
A taxi driver in Manila is now in hot water after two teenage girls filed charges of molestation against him. Benjamin “Jimbo” Aguilar Jr.

Cops bust Marcos victims syndicate

Inquirer.net - 
Police have busted a syndicate that recruits elderly slum-dwellers in Metro Manila to pose as victims of human rights abuses during martial law so they can each claim $1000 from the $10 million in ill-gotten wealth recovered...

Senior BIMP-EAGA officials cite interconnectivity in dev't

BusinessWorld Online Edition - 
SENIOR OFFICIALS of Brunei Darussalam, Indonesia, Malaysia and Philippines (BIMP) have highlighted the role of interconnectivity as a major stimulus for socioeconomic development in the subregion of the Association of Southeast Asian Nations (ASEAN).

Lea Salonga wins Heritage Award

Tempo - 
Manila, Philippines - LEA Salonga added another feather on her cap as she received The Outstanding Filipino Americans in New York Awards' Heritage Award (TOFA-NY), which was recently held at Carnegie Hall.

Tesda partners with Iloilo town for skills training

Sun.Star - 
THE Technical Education and Skills Development Authority (Tesda) formally launched Thursday a partnership with the local government unit (LGU) under its Real Deal program in Mina town, Iloilo.

Avoid four rally sites, embassy advises Pinoys in Bahrain

GMANews.TV - 
Filipinos in Bahrain were advised to avoid four areas where rallies, including a vehicular demonstration, were scheduled on Wednesday and Thursday.

Pacete: 113 years after the revolution in Silay

Sun.Star - 
NOVEMBER 5, 1898 is unforgettable in Negros history. It was that Saturday when jornaleros became soldiers and hacienderos were commissioned as captains.

Business


The world economy is adrift

Washington Post - 
There was something fitting about Greek Prime Minister George Papandreou's reckless call for a referendum on the latest rescue package for his country.

PHL banks' profitability jumps 28% to P51.9-B

GMANews.TV - 
Aggregate net earnings of the country's banks rose 28 percent at midyear on the back of the Philippines' improving macroeconomic fundamentals, the Bangko Sentral ng Pilipinas (BSP) said on Thursday.

PLDT Reports P30.6-B Net Profit

Manila Bulletin - 
MANILA, Philippines - Partly due to a stronger peso, Philippine Long Distance Telephone Company (PLDT) reported consolidated net income of P30.6 billion in the first nine months of 2011, down 4% from P32.0 billion recorded in the ...

BDO reports P7.6-B net income

Manila Bulletin - 
MANILA, Philippines - Banco De Oro Unibank, Inc. (BDO) reported a 19 percent growth in net income to P7.6 billion in the first nine months of 2011 from the P6.4 billion it earned in the same period last year.

Trader charged for smuggling laptops

BusinessWorld Online Edition - 
THE BUREAU of Customs (BoC) has sued a trader for attempting to smuggle nearly 4000 laptop computers. Rolando Peralta, the owner and general manager of Orza Marketing, and Manuel Lancero, his broker, were charged yesterday at the Department of Justice ...

Chamber of Mines hits Zamboanga open pit ban

Inquirer.net - 
The Chamber of Mines of the Philippines criticized the passing of a provincial ordinance banning open pit mining in Zamboanga del Norte and urged the national government to settle conflicting national and local laws on mining.

SM Prime Third Quarter Profit Rises 15%, Boosted By Expansion

BusinessWeek - 
Nov. 3 (Bloomberg) -- SM Prime Holdings Inc., the Philippines' largest mall operator, said third-quarter net income rose 15 percent to 2.14 billion pesos.

ExxonMobil opts out of Sulu Sea project

Inquirer.net - 
ExxonMobil Exploration and Production Philippines BV (EMEPP), the local arm of American oil major Exxon Mobil Corp., has withdrawn from the Sulu Sea exploration project, following its discovery that gas from the wells it had drilled in the contract ...

Ship with 21 Pinoy seamen hijacked

Philippine Star - 
MANILA, Philippines - Somali pirates hijacked a chemical tanker with 21 Filipino crew last Monday, the Department of Foreign Affairs (DFA) said yesterday.

Negros Occidental budget for 2012 up for deliberation

BusinessWorld Online Edition - 
BACOLOD CITY -- The Provincial Board of Negros Occidental is set to hold deliberations for the proposed 2012 budget. Second District Board Member Salvador Escalante, Jr.

SN Aboitiz eyes 2 more hydro plants in Luzon

Sun.Star - 
AFTER opening the Ambuklao Hydro Electric plant last week in Benguet, SN Aboitiz Power Corp. is eyeing two more hydroelectric plants in Nueva Vizcaya and Quezon provinces.

CEB to begin Manila-Hanoi flights on March 17, 2012

Manila Bulletin - 
MANILA, Philippines - The Philippines' largest national flag carrier, Cebu Pacific will become the only airline flying from Manila to Hanoi, the capital city of Vietnam, when it launches its flights on March 17, 2012.

WWF Launches Coral Triangle Virtual Property Sales Campaign

Bernama - 
JAKARTA, Nov 3 (Bernama) -- The World Wide Fund for Nature (WWF) has launched a new regional campaign that encourages individuals to buy virtual property across the Coral Triangle, the world's centre of marine life, said here Thursday.

Asia Pacific passenger traffic continues growth, but cargo dips

ATWOnline - 
Asia Pacific airlines sustained growth in international passenger traffic during September, but international cargo declined, according to figures released Nov. 3 by the Assn.

Supply chain disruption: sunken ambitions

Financial Times - 
Up to the roof: flood waters surround cars at the Honda factory in Ayutthaya province north of Bangkok. Seven of Thailand's biggest industrial estates are awash With their factories in central Thailand submerged under as ...

Power company gets P9-B loan

Manila Bulletin - 
MANILA, Philippines - South Luzon Thermal Energy Corporation (SLTEC) has signed a P9 billion project loan facility with three banks to fund the construction of a 135 megawatt circulating fluidized bed power plant project.

HK travel ban to Phl opposed

Philippine Star - 
MANILA, Philippines - Hong Kong travel agents disagree with the “black travel alert” against the Philippines and want it lifted immediately, the Department of Tourism (DOT) ...




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