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Updated: 28 sec ago

EM ASIA FX-Ringgit, won fall; yuan strengthens

2 hours 6 min ago
Sept 19 (Reuters) - The following table shows rates for Asian currencies against the dollar at 0135 GMT. CURRENCIES VS U.S. DOLLAR Change on the day at 0135 GMT Currency Latest bid Previous day Pct Move ...

Heavy rain floods Philippine capital; markets, schools shut

2 hours 17 min ago
MANILA (Reuters) - A tropical storm dumped heavy rain on the Philippine capital on Friday, flooding many parts of the city, shutting schools, government offices and financial markets. Thousands of residents in low-lying areas were moved to higher ground, officials said, as flood waters rose quickly after the equivalent of half a month's usual rain fell in six hours. The Philippine Stock Exchange suspended trade after the government cancelled work and classes in the capital. ...

Updates: Tropical storm Mario in PH

2 hours 55 min ago
Malacanang has cancelled classes and work in government offices as Typhoon Mario hits several parts of the country.

Palace: No need for PNP chief to explain crime surge

3 hours 45 min ago
As far as Malacañang is concerned, there is no more need for embattled Philippine National Police (PNP) chief Director General Alan Purisima to explain the resurgence of crimes as well as the alleged involvement of policemen in criminal activities, an official said yesterday. “Let us go by what the President said the last time that he was asked about PNP chief Purisima,” deputy presidential spokesperson Abigail Valte said, adding that questions about the rise in crime have been addressed adequately. She said the PNP has designated spokespersons and “we leave that to his better judgment if he (Purisima) will personally comment on it.”

French investors bullish on Phl

3 hours 45 min ago
Investors here are bullish on the Philippines but raised concerns on some sectors such as energy and the impact of climate change. Jean Burelle, chairman of the Mouvement des Entreprises de France, which is the largest union of employers in the country representing 800,000 French companies, said the figures cited by Aquino in terms of economic growth speak for themselves. Aquino responded that it might sound greedy but “I have to say, we want it all.”

Graft accusations only hearsay – Binay

3 hours 45 min ago
Accusations that he had pocketed commissions from an overpriced Makati City building project were “hearsay that will not stand in court,” Vice President Jejomar Binay said yesterday. Answering the accusations against him for the first time, Binay said the project passed 10 audits by different groups over five years. In a live televised address before a crowd of supporters at the Philippine International Convention Center (PICC) in Pasay City, Binay said his main accuser – former Makati vice mayor Ernesto Mercado – was getting support from an “elitist politician” who wanted to put the Vice President down to prop up his own political ambition.

Abad hit with coins, insults at UP

3 hours 45 min ago
Angry students rained boos and insults, threw coins and crumpled paper, and grabbed at Budget Secretary Florencio Abad at the University of the Philippines in Diliman, Quezon City last Wednesday night. Based on the account of youth activist Vencer Crisostomo, protesters shouted “magnanakaw (thief)” at Abad and hurled crumpled sheets of paper at the budget secretary. In an advisory posted on his Facebook account, Crisostomo said the sheets of paper had the words “Dapat managot, Noynoy patalsikin.”

Hotel federation bucks ‘most dangerous’ tag of Phl

3 hours 45 min ago
The Philippine Hotel Federation (PHF) yesterday expressed concern over recent reports of travel advisories tagging the Philippines as “most dangerous” for Koreans and Chinese nationals. A report from The Korea Times identified the Philippines as “the most dangerous” country for South Korean tourists and expatriates in 2013. China also warned its citizens not to travel to the Philippines after the recent kidnapping of a Chinese teenager from a family-run store in Mindanao.

China justifies travel warning to Phl

3 hours 45 min ago
CHENGDU, Sichuan – Even as the Philippine government refused to apologize for the kidnapping of a Chinese national in the country, reports showed there have been 10 Chinese tourists from the mainland who have either been killed, robbed or victimized by crime in the Philippines.

Hollande may visit Phl next year

3 hours 45 min ago
French President Francois Hollande has disclosed plans to visit the country next year as well as his desire for Filipinos to speak French. In his statement after the bilateral meeting with President Aquino at the Elysee Palace on Wednesday, Hollande said it was a pleasure to host Aquino here because he embodied democracy in the Philippines. Hollande noted that Aquino’s mother, the late President Corazon Aquino, also visited France some 25 years ago.

DOJ indicts Pastor gunman

3 hours 45 min ago
The Department of Justice (DOJ) yesterday indicted policeman Edgar Angel, who confessed to killing of international racing champion Ferdinand “Enzo” Pastor last June 12.  The DOJ filed a murder charge against Angel with the Quezon City regional trial court, setting aside his recantation of an earlier judicial admission of the crime.  In an eight-page resolution dated Sept. 12 but released only yesterday, it found probable cause in the complaint filed by the Philippine National Police Criminal Investigation and Detection Unit (CIDU) and Pastor’s father, Tomas. 

Lahar warning up around Mayon

3 hours 45 min ago
A drastic increase in the number of volcanic earthquakes and rockfall events in Mayon Volcano was recorded yesterday, while the state weather bureau warned of possible lahar flows and landslides due to heavy rains to be spawned by Tropical Storm Mario. The Philippine Institute of Volcanology and Seismology (Phivolcs) recorded 142 volcanic earthquakes, far higher than the previous record of 45, and 251 rockfall events in the past 24 hours. “Our seismographs could have recorded more rockfall incidents, but the noise created by the heavy rains over Mayon had disturbed the accurate detection,” Philvocs-Bicol chief volcanologist Ed Laguerta told The STAR.

Storm signals up as Mario approaches

3 hours 45 min ago
The state weather bureau placed yesterday several areas in Luzon under storm warning signals as Tropical Storm Mario moved closer to the country, the Philippine Atmospheric, Geophysical and Astronomical Services Administration (PAGASA) said.

BIR to police execs: Take the lifestyle challenge

3 hours 45 min ago
Bureau of Internal Revenue (BIR) Commissioner Kim Henares yesterday challenged police officials to voluntarily undergo a lifestyle check. Henares urged officials of the Philippine National Police (PNP) to follow the example of Interior and Local Government Secretary Manuel Roxas II to voluntarily submit to a lifestyle check and erase public suspicions of ill-gotten wealth. “Normally, there is a lifestyle check because there are complaints against the PNP.

Lotto pot seen to hit P240 M

3 hours 45 min ago
The jackpot for the 6/55 Grand Lotto is expected to reach P240 million for this Saturday’s draw after no one guessed the winning combination last Wednesday, the Philippine Charity Sweepstakes Office (PCSO) said yesterday. Acting PCSO chairman Jose Ferdinand Rojas II said the winning combination for last Wednesday’s draw was 17-02-50-48-14-45, which had a jackpot of P229 million.

Free train, ferry rides for gov’t employees today

3 hours 45 min ago
Government employees will enjoy free train and ferry rides in Metro Manila today to celebrate the 114th anniversary of the Philippine civil service, the Civil Service Commission (CSC) said yesterday. The (CSC) said government workers may ride the Light Rail Transit Lines 1 and 2 and the Metro Rail Transit Line 3 for free from 9 a.m. to 6 p.m. Government employees will also enjoy free rides on the Pasig River ferry during the same hours, courtesy of the Metro Manila Development Authority.

Who's who in coalition to defeat Islamist extremists

6 hours 40 min ago

The United States is taking the lead in an international coalition aimed at repelling and defeating the Islamist extremists marauding across parts of Iraq and Syria.

Bailed Lee, Cornejo can’t leave country – BI

10 hours 50 min ago
Businessman Cedric Lee, model Deniece Cornejo, and martial arts practitioner Zimmer Raz can’t leave the country even though Taguig Regional Trial Court Judge Paz Esperanza Cortes did not issue a hold departure order against them, the Bureau of Immigration said yesterday. BI Commissioner Siegfred B. Mison said the bail order issued by Cortes for the temporary liberty of Lee, Cornejo, and Raz, who are facing charges stemming from the mauling of TV host and comedian Vhong Navarro, does not include their “freedom to leave the country. ...

Tech buzz

10 hours 50 min ago
• GLOBE EXPANDS FLAT RATE FOR DATA ROAMING TO MORE COUNTRIES Globe Telecom has expanded the coverage of its standard rate for data roaming of P599 per day to 15 more countries, expanding its coverage to a total of 35 countries worldwide. The default rate for data roaming is now available in Belgium, Denmark, Estonia, Finland, France, Israel, Japan, Latvia, Liechtenstein, Netherlands, Norway, Qatar, Slovakia, Sweden, and Switzerland. For only P599 a day, postpaid customers can avail of data roaming services without the need for promo registration. ...

Local shares

10 hours 50 min ago
Local shares advanced some more yesterday, buoyed by the record high overnight close of the Dow Jones industrial average in Wall Street after the US Federal Reservee decided to keep key interested rates unchanged at record lows. The benchmark Philippine Stock Exchange index (PSEi) closed 55.45 points or 0.77 percent higher at 7,287.29 on moderate volume, A total of 1.74 billion shares valued at P7.99 billion changed hands. Gainers topped losers  85-82, with 56 issues unchanged.