Tuesday, May 21, 2013 - 04:55 p.m.
BANGKOK -- Asian stock markets fell Tuesday as investors waited for the US Federal Reserve to telegraph what it plans to do next with its economic stimulus program.
The Fed is conducting its third round of massive bond purchases known as quantitative easing to help drive down interest rates and spur lending. But recently improving data on the US economy has led to speculation that the Fed might consider scaling back the program or winding it down earlier than expected.
Tuesday, May 21, 2013 - 04:39 p.m.
DEPARTMENT of Education (DepEd)-Central Visayas Director Carmelita Dulangon said Tuesday that the “Brigada Eskwela” or the National Schools Maintenance Week will be extended in Metro Cebu until the last week of May this year.
The brigada was originally scheduled from May 20 to 25, but Dulangon said in a radio interview that there are still lots of cleaning, repainting and repairing to be done to complete the preparation of school facilities in the metro.
Tuesday, May 21, 2013 - 04:39 p.m.
MANILA -- A unit commander of the communist New People's Army (NPA), wanted by a local criminal court for multiple counts of murder and robbery, surrendered to police authorities last Sunday.
In a statement released Monday, provincial police chief Froilan Perez identified the rebel leader as Benigno Conggas Cagwayan, 48, who used the aliases Dukang, Mel, and Garcia.
Tuesday, May 21, 2013 - 03:35 p.m.
MANILA -- President Benigno Aquino III rejected Tuesday proposal to postpone the scheduled barangay and Sangguniang Kabataan (SK) elections in October this year.
The Chief Executive, in an interview in Cavite where he attended the 115th anniversary of the Philippine Navy, said he would only favor the postponement of the October polls if there were good reasons to do so.
Tuesday, May 21, 2013 - 02:18 p.m.
MANILA (2nd Update, 2:18 p.m.) -- The foreign affairs department in Chicago assured Tuesday that no Filipino casualty was reported when a tornado roared through Oklahoma City, killing 51 people.
A monstrous tornado at least 800 meters wide roared through the Oklahoma City suburbs Monday, flattening entire neighborhoods and destroying an elementary school with a direct blow as children and teachers huddled against winds up to 320 kph.
Tuesday, May 21, 2013 - 01:16 p.m.
BORACAY ISLAND, Aklan -- Taiwanese, who are bound for Boracay resort island, have started cancelling their hotel reservations causing worry to the stakeholders.
Percy Malonesio, head of the Civil Aviation Authority of the Philippines (CAAP) at the Kalibo International Airport (KIA), announced Tuesday that several airline companies had notified cancellation of flights to and from Taiwan beginning May 22.
Tuesday, May 21, 2013 - 12:13 p.m.
MANILA -- The nine Team PNoy candidates who were recently declared winners in the Senate race are "expected" to support the programs of the Aquino administration, Senator Franklin Drilon said.
This is despite the fact that only one of the new senators is a member of the ruling Liberal Party (LP), where President Benigno Aquino III is chairman.
Tuesday, May 21, 2013 - 12:04 p.m.
MANILA -- At least three oil companies on Tuesday implemented another round of price increase on their fuel products.
Major oil players Petron Corp., and Pilipinas Shell along with independent oil player PTT Philippines implemented an increase of P.35 per liter for gasoline products and P.25 for diesel. The movement was effective at 6 a.m. Tuesday.
Tuesday, May 21, 2013 - 11:53 a.m.
MANILA -- Two party-list groups who were disqualified to run in last week’s polls asked the Supreme Court on Monday to include their votes in the ongoing canvassing by the Commission on Elections (Comelec).
These are the Binhi-Partido ng mga Magsasaka Para sa mga Magsasaka (Binhi) and Alliance for Nationalism and Democracy (Anad), who maintained that their disqualification was made without hearing their side.
Tuesday, May 21, 2013 - 11:22 a.m.
MOORE, Oklahoma — A tornado of rare power roared through an Oklahoma City suburb, killing at least 51, flattening neighborhoods with winds up to 200 mph (320 kilometers) and destroying at least one school. Officials said children from the school were among the dead.
The death toll was expected to rise, an Oklahoma Medical Examiner's Office spokeswoman said. Rescuers swarmed the debris as darkness fell and rain began to fall. More than 140 people were being treated at hospitals, including about 70 children. Some were in critical condition.