Philippine Headline News

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BI nabs 5 Filipinos with fake travel papers at NAIA 2
MANILA, Philippines --The Bureau of Immigration (BI) intercepted five Filipinos trying to leave the country using fake documents. Immigration Commissioner Marcelino Libanan said Roberto Abalos, Remelyn Almazan, Ferdinand Almazan, Divina Laurel and Victor

Inflation reverses price boon for Philippine farmers
By Jason Gutierrez , Agence France-Presse MANILA: Trinidad Domingo has just harvested rice from her modest farm in the northern Philippines, but with the price of fertilizer and oil skyrocketing she says she might sit out the next planting season. Just

Philippines to decide on Saudi Aramco's Petron stake
Manila: The Philippines will announce on Monday whether it will buy Saudi Aramco's 40 per cent stake in oil refiner Petron Corp, the Philippine National Oil Co (PNOC) said on Friday. 'We will meet on Monday and announce our decision that day,' PNOC

Philippine Govt keeps options open on ...
The Philippine government is keeping its options open on the possible sale of balance 40% stake in Petron Corp, and plans to consider all offers to acquire the 3.75 bln shares held by state-run Philippine National Oil Co. in Petron. JG Summit Holdings

Four killed in suspected pirate attack in southern Philippines
Manila - Four people, including a three-year-old boy, were killed when pirates attacked a passenger vessel in the southern Philippines, police said Friday. Eight people were wounded in the attack off the coast of Parang town on Jolo island, 1,000

Philippine Govt keeps options open on sale of balance 40% stake in Petron
The Philippine government is keeping its options open on the possible sale of balance 40% stake in Petron Corp, and plans to consider all offers to acquire the 3.75 bln shares held by state-run Philippine National Oil Co. in Petron. JG Summit Holdings

Overseas Filipinos forming political party for 2010
MANILA, Philippines -- Overseas Filipinos are forming a national political party in preparation for the 2010 elections and beyond, it was revealed at the Global Filipino Nation (GFN) conference Friday. Francisco "Jun" Aguilar, interim chairman of the

NorAsian Energy inks contract for offshore Philippine block
Singapore (Platts)--9May2008 The Philippine Department of Energy has awarded NorAsian Energy Ltd., a wholly owned subsidiary of Australia's Otto Energy, a seven-year exploration service contract for area 8 (service contract 69) offshore Philippines,

Mindanao bloggers lead Wordcamp in the Philippines
CEBU, Philippines -- A Davao-based non-profit organization will soon hold a Wordcamp in the Philippines, its lead organizer told INQUIRER.net. A bootcamp for users and developers of Wordpress (a popular open source blogging platform), Wordcamp also hopes

Pope Benedict XVI turns down invitation to visit Philippines
Manila - Pope Benedict XVI has turned down an invitation to visit the Philippines, Asia's largest Catholic country, this year due to a hectic schedule, a senior Church official said Friday.Archbishop Angel Lagdameo, president of the Catholic Bishops

New Pakistan PM getting Filipino helpers
ISLAMABAD, Pakistan-The Philippine ambassador is very proud of Filipino workers here, and they include the housemaids. While it is easy to admire the professionals that in many foreign companies abroad are usually in highly technical or management

Philippines says to decide on Petron stake on Monday
MANILA, May 9 (Reuters) - The Philippines will announce next week whether it will exercise an option to buy Saudi Aramco's 40 percent stake in oil refiner Petron Corp (PCOR.PS: Quote, Profile, Research), the president of the Philippine National Oil Co

Philippines says to decide on Petron stake on Monday
MANILA, May 9 (Reuters) - The Philippines will announce next week whether it will exercise an option to buy Saudi Aramco's 40 percent stake in oil refiner Petron Corp (PCOR.PS: Quote, Profile, Research), the president of the Philippine National Oil Co

Muslim militants-linked extortion gang says it caused Philippine bus bomb tha...
MIDSAYAP, Philippines: A notorious extortion gang claimed responsibility Friday for detonating a bomb in a passenger van that wounded five people in the southern Philippines, a town mayor said. Manuel Rabara, mayor of Midsayap township in North Cotabato

Philippine shares close higher on bargain-hunting
MANILA (Thomson Financial) - Philippine shares closed higher on Friday on bargain-hunting after investors snapped up recently battered stocks. 'Investors continued their cherry-picking of stocks, but the market had a hard time trekking higher, indicating

Philippine shares close higher on bargain-hunting
MANILA (Thomson Financial) - Philippine shares closed higher on Friday on bargain-hunting after investors snapped up recently battered stocks. 'Investors continued their cherry-picking of stocks, but the market had a hard time trekking higher, indicating

Philippine shares slighlty higher in cautious trade; Meralco rebounds - UPDATE
MANILA (Thomson Financial) - Philippine shares were slightly higher in late trade on Friday as investors stayed on the sidelines hoping that the next batch of earnings reports would be strong enough to lift sentiment despite persistent worries about

Lowering power rates is Arroyo's main concern--Ermita
MANILA, Philippnes--It was out of concern for high electricity rates and nothing else that prompted President Gloria Macapagal-Arroyo to make a big push for the government's petition against the Lopez-led Manila Electricity Co., (Meralco) before state

Adviser: Arroyo mulls review of contracts with IPPs
MANILA, Philippines -- After the Manila Electric Company (Meralco), President Gloria Macapagal-Arroyo is considering the possible review of the existing contracts with independent power producers (IPP) in the face of the rising cost of electricity, her