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Philippines: Fed's policy decision gives BSP more leeway in its policy stance.
June 25, 2009... Section: General News - Bangko Sentral ng Pilipinas (BSP) Governor Amando Tetangco Jr. said the decision of the Federal Reserve to maintain its key interest rates gives the former more leeway in its own policy stance.
Tetangco's...
Philippines: No extravagant celebration of Penafrancia fiesta starting this year.
June 25, 2009... Section: General News - No extravagant celebrations such as street parties and beauty pageants to celebrate the Penafrancia Festival in Naga City staring this year.
This as the Catholic Church in Bicol and local authorities agreed to ban...
United States/Japan: Dollar rises above 96 yen line in Tokyo.
June 25, 2009... Section: General News - The US dollar rose above the 96 yen line Thursday morning in Tokyo.
At noon, the dollar fetched 96.01-06 yen compared with 95.58-68 yen in New York and 95.34-36 yen in Tokyo at 5 p.m. Wednesday.
The euro...
Thailand: Global FDI flow halved in First Quarter of 2009.
June 25, 2009... Section: General News - Global foreign direct investment (FDI) inflow and cross-border mergers and acquisitions (M&As), drastically declined in the first quarter of 2009.
According to the United Nations Conference on Trade and Investment...
Vietnam: Vietnam's economic growth reaches 3.9 pct in first half of this year.
June 25, 2009... Section: General News - Vietnam's Ministry of Planning and Investment said the country's economic growth in the first half of this year is expected to reach 3.9 percent year-on-year, local newspaper the Vietnam Economic Times reported...
Philippines: PSE says local retail investors keep market afloat.
June 25, 2009... Section: General News - The Philippine Stock Exchange (PSE) has cited the role of local investors in keeping the local stock market buoyant amid turmoil in financial markets.
PSE president and chief executive director underscored local...
Philippines: San Miguel Corporation declares cash dividend of P0.35 per share.
June 25, 2009... Section: General News - Philippine conglomerate San Miguel Corporation (SMC) announced Thursday that its board of directors has declared a cash dividend of P0.35 per share.
SMC, in its disclosure to the Philippine Stock Exchange (PSE),...
Philippines: Financial crisis to top agenda of G8 summit, says expert.
June 25, 2009... Section: General News - The global financial crisis is expected to top the agenda of the upcoming G8 summit as the crisis has directly threatened the political survival of leaders of the main industrialized countries, an expert said.
"I...
Serbia/Russia: Serbian minister to talk on economy, financial aid in Moscow.
June 25, 2009... Section: General News - The Serbian interior minister will begin a two-day visit to Moscow on Thursday, the Balkan country's Beta news agency reported.
Ivica Dacic, who also holds the position of a first deputy prime minister, will take...
India: Indian oil companies face unstable policy regime as business risk.
June 25, 2009... Section: General News - The oil and gas companies in India are faced with an unstable policy regime along with business risks that come out of volatile crude oil prices, global consulting firm Ernst and Young said Thursday.
"Instability...
Russia/Namibia: Medvedev arrives in Namibia to discuss investment.
June 25, 2009... Section: General News - Russian President Dmitry Medvedev arrived in Namibia on Thursday as part of a four-nation tour of Africa to discuss developing trade and energy projects.
Medvedev, who is the first Russian leader to visit the...
Indonesia: World Bank calls on Indonesia to accelerate reforms.
June 25, 2009... Section: General News - The World Bank (WB) said that Indonesia's economy could recover faster amid a longer global economic crisis, by spending on infrastructure, plus rapid institutional reforms, according to a paper here on Thursday.
...
South Korea: S. Korea's trade surplus to top US$ 19-Bn in H1 -- gov't.
June 25, 2009... Section: General News - South Korea's trade surplus will likely top US$ 19 billion in the first half of the year as imports fall at a much faster pace than exports, the government said Thursday.
Outbound shipments are expected to drop 23...
Russia/United States/Nigeria: Russia to invest billions of US dollars in Nigeria's oil and gas sector.
June 25, 2009... Section: General News - Russian President Dmitry Medvedev said his country is prepared to invest billions of US dollars in Nigeria's oil and gas.
If we work together and implement our ideas set forth in the documents we signed today,...
Cebu: Cebu City to pay another P391M for SRP loan in August.
June 25, 2009... Section: General News - Cebu City Hall is set to pay P391 million for the second loan amortization in August this year for the 300-hectare South Road Properties (SRP), cutting the loan balance to around P5.2 billion under the current yen...
Philippines: Seaoil expects to double its market share by yearend.
June 25, 2009... Section: General News - Filipino-owned Seaoil Philippines is expecting its market share to double this year as they target their sales volume to hit 240 million liters.
Francis Glenn Yu, president and CEO of Seaoil, said they expect...
Vietnam: WB agrees 177-M USD to help Vietnam improve education systems.
June 25, 2009... Section: General News - The World Bank (WB) approved two credits worth 177 million US dollars to help Vietnam develop its primary and higher education systems, the local newspaper Vietnam Economic Times reported Thursday.
Of the two...
Indonesia: Serial quakes rock Indonesia.
June 25, 2009... Section: General News - Two moderate earthquakes each with magnitude of 5.0 struck Java and Sulawesi islands in central and eastern parts of Indonesia on Thursday, with no report of damage or casualty, Meteorology and Geophysics Agency said...
United States/Pakistan: Holbrooke pledges continued economic, security support for Pakistan.
June 25, 2009... Section: General News - Pledging sustained economic and security assistance for Pakistan, U.S. presidential envoy Richard Holbrooke Wednesday said Washington is working with the international community to help Islamabad address the urgent...
South Korea/China: S. Korea to check China's fish farms, seafood plants.
June 25, 2009... Section: General News - South Korea plans to start an annual inspection of fish farms and seafood factories in China later this month to check whether they abide by hygiene requirements, officials here said Thursday.
The field...
United States/Pakistan: US Senate passes Kerry Lugar Bill on Pakistan aid by unanimous vote.
June 25, 2009... Section: General News - With a unanimous vote, the U.S. Senate Wednesday passed the Kerry-Lugar Bill to authorize $ 1.5 billion in economic assistance annually for Pakistan over five years as a demonstration of America's broad-based...
Indonesia: Ujung Kulon rocked by 5 magnitude earthquake.
June 25, 2009... Section: General News - A tectonic earthquake measuring 5.0 on the Richter scale jolted the Ujung Kulon area in Banten at 2:23 local time early Thursday morning.
The Bandarlampung station of the Meteorology and Geophysics Agency (BMG)...
United Nations: Roundup: UN conference focuses on global financial-economic crisis.
June 25, 2009... Section: General News - Representatives of developing countries had their turn on the world stage to plea for help on Wednesday at the opening of the UN Conference on the World Financial and Economic Crisis and Its Impact on Development.
...
Israel/Lebanon: Israel proposes direct talks with Lebanon.
June 25, 2009... Section: General News - An Israeli army delegation has proposed direct political bilateral talks between the governments Lebanon and Israel, local As-Safier daily reported Thursday.
Lebanese government sources were quoted as saying that...
South Korea: S. Koreans remember veterans, civilians killed during Korean War.
June 25, 2009... Section: General News - War veterans, bereaved and separated families, and many others gathered in small and large numbers throughout South Korea Thursday to commemorate the 59th anniversary of the start of the Korean War, the three-year...
United Nations: UN leaders call for making int'l financial institution more effective.
June 25, 2009... Section: General News - United Nations leaders Wednesday issued urgent calls for action to ease the burden of the world's poorest as top officials from around the globe gathered in New York to discuss how to address the economic meltdown.
...
North Korea/United States/South Korea: N. Korea says U.S. nuclear umbrella for South justifies own nukes.
June 25, 2009... Section: General News - U.S. nuclear protection for South Korea justifies North Korea running its own nuclear program, Pyongyang claimed Thursday, warning "fiery showers of nuclear retaliation" in case of any aggression against it.
...
China: China's role vital in arranging five-way meeting -- official.
June 25, 2009... Section: General News - China holds the key to an envisioned meeting between North Korea's five dialogue partners, which seek to bring the communist state back to stalled disarmament talks, South Korea's chief nuclear envoy said Thursday.
...
South Korea: President calls for increased support for small shop keepers.
June 25, 2009... Section: General News - President Lee Myung-bak called for increased government support Thursday for the working and middle class and small shop owners who may have to wait up to two years before feeling the effects of an improved economy,...
Bangladesh/Burma/United Nations: Bangladesh to protest Myanmar's claim over territorial sea before UN.
June 25, 2009... Section: General News - Bangladesh will protest before the United Nations Myanmar's claim over a territorial sea in the Bay of Bengal, especially that of the "baseline" which is needed to delimit its maritime border, officials here said...
Cambodia: Cambodia uncovers 3 more cases of A[H1N1] virus.
June 25, 2009... Section: General News - Cambodia has three more confirmed cases of A[H1N1] virus, bringing the total of the country's infections to four, Cambodian health officials said on Thursday.
Cambodia's first four cases of the new influenza...
Indonesia/New Zealand: Indonesia demands Halal certification on New Zealand's meat products.
June 25, 2009... Section: General News - Indonesia has asked New Zealand to certify its meat products exported to Indonesia with Halal certification, meaning it had been slaughtered in line with Islamic practice, Indonesian Foreign Affairs Minister Hasan...
United Nations: Ban calls on G8 to combat climate change, boost support for development.
June 25, 2009... Section: General News - Climate change and development top the list of challenges requiring action that Secretary-General Ban Ki-moon has laid out in a letter to leaders of the Group of Eight (G8) industrialized nations ahead of their...
Russia/Nigeria: Gazprom, Nigerian National Petroleum Corp agree to set up JV.
June 25, 2009... Section: General News - Russian natural gas monopoly Gazprom and Nigerian National Petroleum Corporation (NNPC) have signed an agreement to set up a joint venture that the two companies will own on a parity basis, Gazprom said in a statement...
Japan: Ex-Mitsubishi UFJ Securities worker arrested over client data leak.
June 25, 2009... Section: General News - A former Mitsubishi UFJ Securities Co. employee was arrested Thursday on suspicion of taking out client information through unauthorized access to the firm's database.
Hideaki Kubo, 44, who the securities firm...
Russia/Iran: Russia's Lavrov says 'laws not broken' during Iran protests.
June 25, 2009... Section: General News - Russian Foreign Minister Sergei Lavrov believes Iran did not break any laws during the clamp down on civil unrest following the results of the country's presidential elections.
At a press conference after a...
United Kingdom: UK-based firm signs P27-B biomass contract with 3 power firms.
June 25, 2009... Section: General News - United Kingdom-based Global Biomass PLC Corporation (GBC) has signed three biomass supply contracts that will generate P27 billion direct and indirect economic benefits for a 25-year period.
GBC signed supply...
Indonesia: Indonesia's largest bank to allocate 50-M USD for car credit.
June 25, 2009... Section: General News - Bank Mandiri, the Indonesia's biggest bank, will allocate 500 billion rupiah (50 million US dollars) for car ownership credit, cooperating with Indomobil Finance Indonesia, a leading refinancing company.
The...
United Nations: UN Reports Decline in Heroin, Cocaine Production.
June 25, 2009... Section: General News - The United Nations Office of Drugs and Crime says global production of heroin and cocaine has decreased during the past year. But it says production and use of synthetic drugs appears to be rising in developing...
United Nations: UN Convenes Economic Summit.
June 25, 2009... Section: General News - The United Nations General Assembly opened a three-day conference Wednesday on the global financial crisis. More than 140 countries have sent representatives to the meeting, which hopes to decide on emergency and...
United States/Afghanistan/Pakistan: US Envoy Grilled by Lawmakers on Afghan, Pakistan Strategy.
June 25, 2009... Section: General News - President Obama's special representative for Afghanistan and Pakistan, Richard Holbrooke, faced more questions on Wednesday about the administration's strategy in Afghanistan and Pakistan. Lawmakers voiced concerns...
Mexico: Andres Weakens After Skirting Mexican Pacific Coast.
June 25, 2009... Section: General News - Andres has been downgraded to a tropical storm after sweeping across the western Mexican coast Tuesday.
Forecasters at the U.S. National Hurricane Center say the storm has maximum sustained winds of 110 kilometers...
Russia/North Korea: Russia Open to Further Nuclear Talks Without North Korea.
June 25, 2009... Section: General News - Russia says it is open to further international discussions on North Korea's nuclear program, despite Pyongyang's withdrawal from the so-called six-party talks.
Russia's envoys to the nuclear talks, Alexei...
Iraq/Ivory Coast/Cape Verde/Indonesia/Cambodia: Five More Nations Report 1st Swine Flu Cases.
June 25, 2009... Section: General News - Five more nations have reported their first cases of swine influenza A-H1N1, as the disease continues to spread worldwide.
The World Health Organization reported initial cases in Iraq, Ivory Coast and Cape Verde....
Afghanistan: Afghan, Coalition Forces Target Taliban Fighters' Southern Strongholds.
June 25, 2009... Section: General News - Afghan and coalition forces have killed at least 48 suspected militants in two operations in southern Afghanistan.
An Afghan army general, Sher Mohammad Zazai, said Wednesday that 23 suspected Taliban fighters had...
China/United States: China, US Hold Defense Talks, Plan More.
June 25, 2009... Section: General News - Chinese and U.S. officials say the two countries share a common concern over a nuclear-weapons armed North Korea and both countries say they want to avoid confrontations at sea. These were among the issues discussed in...
Indonesia: Indonesia Reports First Case of Swine Flu.
June 25, 2009... Section: General News - Indonesia reported its first two confirmed cases of the H1N1 swine flu virus. One of the cases is an Australian tourist, who was visiting the island of Bali. Indonesia's Minister of Health says more must be done at...
Myanmar (Burma): Aung San Suu Kyi's Lawyer Appeals Again to Allow Witnesses to Testify.
June 25, 2009... Section: General News - Myanmar's (Burma's) Supreme Court has heard an appeal by lawyers for opposition leader Aung San Suu Kyi to allow two of her key aides to testify at her trial.
Defense lawyer Nyan Win said in Wednesday's proceedings...
South Korea/North Korea: Report: Kim Jong Il's Son Appointed as Head of Spy Agency.
June 25, 2009... Section: General News - A South Korean newspaper report says North Korean leader Kim Jong Il has put his youngest son in charge of the country's secret police.
The report in the Dong-a Ilbo, which is based on information from an unnamed...
Australia: International Experts Study Ways to Fight Wildfires.
June 25, 2009... Section: General News - Fire authorities from around the world have been meeting in Australia to learn from the devastating bush fires in the southern state of Victoria earlier this year.
The affects of climate change have been a major...
United States/Russia: Arms Control Key Issue at Upcoming Moscow Summit.
June 25, 2009... Section: General News - Many analysts agree that during the eight years of the Bush administration, U.S.-Russian relations steadily deteriorated. And experts were wondering whether Barack Obama would reverse that downward trend.
Just...
France: OECD Looks for Global Economic Growth in 2010.
June 25, 2009... Section: General News - The Paris-based Organization of Economic Cooperation and Development has offered its most positive forecast in months on the world economy, saying 2010 is likely to usher in modest growth.
The Organization for...
Iran: Police, Protesters Clash Near Iran's Parliament.
June 25, 2009... Section: General News - Iranian police blocked protesters from gathering in Tehran Wednesday, as the nation's supreme leader insisted authorities will not yield to demands for a new election.
Witnesses say riot police forcibly dispersed...
Philippines: Remonde cites benefits to Philippines of President Arroyo's travels abroad.
June 25, 2009... Section: General News - While welcoming the planned investigation of President Gloria Macapagal-Arroyo's travels abroad, Press Secretary Cerge Remonde today expressed confidence that the senators will discover that the presidential trips are...
Philippines: President thanks Philippines seamen for their contribution to Philippines economy.
June 25, 2009... Section: General News - President Gloria Macapagal-Arroyo on Tuesday (June 23) expressed her gratitude to overseas Filipino workers (OFWs) for their contribution to the Philippine economy, especially at this time of worldwide economic crisis....
Philippines: Lakas-Kampi-CMD leaders to draft guidelines for choosing polls bets.
June 25, 2009... Section: General News - Executive Secretary Eduardo Ermita today (Wednesday, June 24) said leaders of the newly-merged Lakas-Kampi-CMD Party will meet on July 31 to draft the guidelines in choosing the party's official candidates in the 2010...
Philippines/Brazil: President Arroyo to go into self-quarantine upon her return from Brazil state visit.
June 25, 2009... Section: General News - Malacanang today said that upon her arrival from Brazil, President Gloria Macapagal Arroyo will subject herself to thermal scanning and the usual medical survey at the airport and then go into self-quarantine.
...
Philippines: PCG rescues 14 passengers, crew of capsized boat near Mactan.
June 25, 2009... Section: General News - Operatives of the Philippine Coast Guard (PCG) rescued on Wednesday morning 14 passengers of a motorized boat which capsized near Mactan Island in Cebu after after having been battered by strong winds and waves brought...
Philippines: Senate wants per second charging on mobiline phone calls.
June 25, 2009... Section: General News - If things pushed through based on the Senate proposal, more of the 73 million Filipino cellphone subscribers can enjoy a per second charging every time they avail of the services of mobile phone companies.
This...
Philippines: Palace may decide to postpone President's SONA -- Ermita.
June 25, 2009... Section: General News - Malacanang on Wednesday said that it is open to the postponement of the State of the Nation Address (SONA) of President Gloria Macapagal-Arroyo scheduled on July 27 if the problem with the Influenza A (H1N1) virus...
More LGUs link up with DENR to fast-track 'Zero Basura Program'.
June 25, 2009... Section: General News - Environment and Natural Resources Secretary Lito Atienza today announced that local government units (LGUs) have been showing an improved compliance to the Solid Waste Management Act or Republic Act 9003, citing an...
United States: Crude prices slip on gasoline buildup.
June 25, 2009... Section: General News - Oil prices slipped on Wednesday as U.S. gasoline inventory rose more than predicted, raising concern that the recovery in fuel demand was not as strong as previously expected.
Light, sweet crude for August delivery...
Philippines: 30% of government agencies owe GSIS P30B in arrears.
June 25, 2009... Section: General News - Around 30 percent of the 8,000 government entities in the country have delinquent payments amounting to about P30 billion with the Government Service Insurance System (GSIS).
GSIS General Manager Winston Garcia...
Philippines: BSP charges pawnshop officials for illegal solicitation of investments.
June 25, 2009... Section: General News - The Bangko Sentral ng Pilipinas (BSP) recently filed charges against seven officers of D 1st Cell Pawnshop, Inc. (D1CPI) for soliciting investments from the public despite lack of the license to do so.
BSP, in a...
United States: U.S. Fed holds key interest rate steady.
June 25, 2009... Section: General News - The U.S. Federal Reserve on Wednesday kept a key interest rate unchanged at a record low of between zero to 0.25 percent to support the world's largest economy which has been in a recession since December 2007.
...
United States: Gold finishes higher on inflation concerns, retreating after Fed's decision.
June 25, 2009... Section: General News - Gold futures on the COMEX Division of the New York Mercantile Exchange ended higher on Wednesday as investors' concerns on inflation raised gold's safe-haven appeal, but it gave up some gains after the Fed Reserve's...
United States: Wall Street mixed after Fed's announcement.
June 25, 2009... Section: General News - Wall Street capped mixed Wednesday, as the U.S. government reported orders to U.S. factories for big-ticket manufactured goods rose sharply for a second straight month in May, while higher U.S. dollar weighed on the...
United States: Microsoft unveils energy-saving online application.
June 25, 2009... Section: General News - Microsoft Corp on Wednesday launched a test version of its new online application which the software giant said can help consumers save energy and money.
Consumers in the United States can now access the free...
United States: Developing countries hit hard by global financial crisis.
June 25, 2009... Section: General News - Though the financial crisis that triggered the global recession originated from the developed countries, it was the developing nations that have suffered most. And while billions have been spent in hope for 'green...
China: Chinese FM calls for int'l cooperation on development to address global financial crisis.
June 25, 2009... Section: General News - Chinese Foreign Minister Yang Jiechi Wednesday called on the international community to enhance cooperation on development in a bid to tackle the global financial and economic crisis.
In an address to the UN...
Thailand/China: Thailand, China agree to push for closer trade and tourism ties.
June 25, 2009... Section: General News - Visiting Thai Prime Minister Abhisit Vejjajiva on Wednesday said Thailand and China would strengthen bilateral economic and trade partnership and his Chinese counterpart Wen Jiabao affirmed he would encourage more...
United States/Russia: US, Russia Resume Nuclear Arms talks.
June 25, 2009... Section: General News - The United States and Russia have resumed negotiations in Geneva on cutting their nuclear arsenals.
The two sides are set to complete their third formal round of talks Wednesday on replacing the Cold War-era...
United Kingdom: Wimbledon Again Hosts Tennis Greats.
June 25, 2009... Section: General News - Wimbledon is a name known around the world for one thing, tennis. For the next two weeks, fans will follow the soap opera of this year's tournament; the tough battles, the upsets, the plot that grows ever more...
United States/Syria: US Returning Ambassador to Syria After Four-Year Absence.
June 25, 2009... Section: General News - The Obama administration confirms it is sending a U.S. ambassador to Syria after a four-year absence. The last U.S. ambassador in Damascus was withdrawn in 2005 after the Beirut assassination of former Lebanese Prime...
Israel/United States: Israel PM Meeting With US Envoy Postponed.
June 25, 2009... Section: General News - A meeting between Israeli Prime Minister Benjamin Netanyahu and U.S. Middle East envoy George Mitchell has been postponed so the two sides have more time to prepare.
The Israeli prime minister was due to meet with...
Iraq: Blast in Iraqi Capital Kills 72.
June 25, 2009... Section: General News - Iraqi police say 72 people have been killed in a bomb blast in Baghdad, less than a week before U.S. troops are to withdraw from Iraq's urban areas.
More than 160 people were injured in Wednesday's blast, which...
Palestine: Palestinian Orchestra Leader Works for Peace Through Music.
June 25, 2009... Section: General News - Waafa Younis, a Palestinian musician, has for years been showing Palestinian children who live with violence and fear in the West Bank's Jenin refugee camp a different way, through music. Younis started an orchestra...
United States/Syria: Reports: US to Send Ambassador to Syria After 4-Year Absence.
June 25, 2009... Section: General News - News reports say U.S. President Barack Obama has decided to send an ambassador to Syria after a four-year absence.
The reports quote a senior administration official as saying the State Department informed Syria's...
United States: US Governor Admits to Seeing Mistress on Secret Trip.
June 25, 2009... Section: General News - Republican South Carolina Governor Mark Sanford has admitted to having an affair with a woman he visited during a secret trip to Argentina. The revelation casts doubt on Sanford's hopes of running for president in...
United States/Nigeria: American Soccer Star Cherishes Nigerian Roots.
June 25, 2009... Section: General News - In its diversity, the American national soccer (football) team reflects the American population. One player proud of his roots abroad is Nigerian-American Oguchialu Onyewu, who is representing the USA in the...
United States: Hospital Confirms Apple CEO Had Liver Transplant.
June 25, 2009... Section: General News - A hospital in the southeastern U.S. state of Tennessee has confirmed that Steve Jobs, the co-founder and chief executive of Apple Computers, recently received a liver transplant.
Jobs received the transplant at...
United States: Global Demand, Fluctuating Commodity Prices Worry US Farmers.
June 25, 2009... Section: General News - The United States is the leading producer of corn and soybeans worldwide. According to a study conducted by the University of Illinois, U.S. farmers will spend roughly thirty percent more this year to plant those...
United States: DC Train Crash Investigators Focus on Automated System.
June 25, 2009... Section: General News - Investigators looking into Monday's subway accident in Washington are examining the automated system that was apparently in control of the train that crashed into another train, killing nine people.
National...
Unites States: Guess What's a Hot Commodity in Prison?
June 25, 2009... Section: General News - The coin of the realm in the Big House - as penitentiaries are inevitably called in prison films - isn't money. Prisoners make only a tiny amount for their labor and are not allowed other valuables.
Instead, they...