besguerra

Mar 162015
 
4 Filipino nurses in Libya kidnapped–official

In this Jan. 19, 2013, file photo, Algerian special police unit officers guard the entrance of a hospital located near the gas plant where hostages have been kidnapped by Islamic militants, in Ain Amenas. Militants from the Islamic State affiliate in Libya kidnapped four nurses from the Philippines in broad daylight from a hospital in the city of Sirte, while several others were evacuated on Monday, March 16, 2015, a militia official said. AP FILE PHOTO TRIPOLI, Libya—Militants from the Islamic State affiliate in Libya kidnapped four nurses from the Philippines in broad daylight from a hospital in the city of Sirte, while several others were evacuated on Monday, a militia official said. The official who belongs to the 166 Battalion, a militia which is battling the Islamic State affiliate, told The Associated Press that the kidnapping took place in the afternoon from Sirte’s main hospital, called Ibn Sina. He added that his battalion helped evacuate the remaining foreign medical crew in the hospital to the city of Misrata, where the battalion is based. The incident adds to growing a list of foreign nationals including Filipinos who were seized during the same group’s raids on oil fields south of Sirte in recent weeks. The battalion had also come under attack by a car bomber a day earlier, according to witnesses who said that the bomber struck the militia’s base Misrata, killing one person and injuring a second. The official and the witnesses spoke on condition of anonymity because he was Read More …

Mar 152015
 
‘Disaster reduction everyone’s business’

‘YOLANDA’ SURVIVOR Melvin Castro sits in the rubble of his home in Tacloban City where 18 of his family members were killed. INQUIRER FILE PHOTO SENDAI, Japan—United Nations Secretary General Ban Ki-moon has vowed to “continue mobilizing the necessary resources” to make disaster risk reduction (DRR) everybody’s business in the Philippines and other disaster-prone countries. Responding to a question by the Inquirer in a press briefing at the 3rd World Conference on Disaster Risk Reduction (WCDRR) at the Sendai International Center in this northeastern Japanese city, Ban, however, admitted that “it would require some time” to make DRR a household word. Ban said raising public and institutional awareness on DRR was doable. “That is why I established the UN Office for Disaster Risk Reduction. We have been meeting regularly and launching many initiatives.” The agency, he noted, had initiated a “global campaign” which aims to enhance people’s awareness of DRR and its importance. “But frankly speaking, [some] government leaders have not given much attention [to the issue] as they have been doing so much on economic policies. But once it happens, then we will have to mobilize all the resources to DRR issues,” Ban said. Ban expressed “hope that with this conference and the [UN agency’s] continuing efforts, [both the public and private sectors] will be able to pay more attention and invest more wisely in DRR areas.” Earlier, during the launch of the 2015 Global Assessment Report on Disaster Risk Reduction in New York, Ban reported that “as the Read More …

Mar 102015
 
Pope taps Tagle head of Bible federation

popular 2 US tourists face charges for damaging Coliseum Jolo Revilla goes home as police continue investigation of accidental shooting Cop from SAF unit that killed Marwan shot by comrade Sunshine Cruz airs side vs Cesar Montano’s sis Sharon Cuneta admits going through one of the lowest times of her life, career 9 women shave heads to protest CARP delay DND defends P1.2 billion chopper deal Poe: No need for another hearing videos PBA: Ginebra’s LA Tenorio comfortable on the floor with Emman Monfort PBA: Agustin credits good defense, big men performance for win over Purefoods PBA: Warner’s maturity big thing for Globalport, says coach Gonzales Crime watchdog wants advisory body composed of bishops, inter-religious leaders Former Tarlac Governor calls Aquino to resign Manila Archbishop Luis Antonio Cardinal Tagle Photo by Kristine Sabillo/INQUIRER.net MANILA, Philippines–Manila Archbishop Luis Antonio Cardinal Tagle has been tapped to head another key Catholic Church position—as president of the Catholic Biblical Federation (CBF). This was announced by Pope Francis at the Vatican on March 5, according to the Catholic Bishops’ Conference of the Philippines (CBCP) news site. Tagle will assume the post at the 9th CBF plenary assembly on June 18 to 23, in Nemi, Italy. He will serve at this post until 2021. Tagle will succeed Archbishop Vincenzo Paglia, who served as CBF president since September 2002. Last October, Tagle was elected to head the Catholic fellowship of international and local organizations committed to the Biblical-pastoral ministry, the CBCP said. Get Inquirer updates while on Read More …

Mar 102015
 
Antipolo firm faces raps for duping job finders

Philippine Overseas Labor Employment office. Photo from www.poea.gov.ph MANILA, Philippines—The Philippine Overseas Employment Administration (POEA) is set to file an illegal recruitment case against the top executives of an Antipolo City firm for allegedly hiring an undisclosed number of prospective overseas Filipino workers for nonexistent jobs in Japan. POEA Administrator Hans Leo Cacdac has identified the erring company as Jomhadz International Corp. (JIC), said to be owned by Joan Sigua. The charges against Sigua, as well as her staff identified as Jefferson Flores, Charton Villanueva, Renalyn Cuevas, Renato Padilla and Jason Cabus will be filed by the POEA’s legal office. Last week, operatives of the POEA’s Anti-Illegal Recruitment Branch and the Anti-Transnational Crime Unit of the Philippine National Police’s Criminal Investigation and Detection Group raided the JIC head office in Antipolo and its satellite office at 1660 Neptuno St. in Paco, Manila. Seized during the operation were the work and travel documents of several job applicants. The POEA earlier “verified from the applicants that Jomhadz International Corp. was recruiting Filipino workers supposedly for a wine factory in Japan and charging placement fees of P150,000 per applicant.” Cacdac advised victims of the company to “proceed to the POEA Anti-Illegal Recruitment Branch for the filing of formal complaints against the illegal job recruiters.” Meanwhile, the agency has ordered the suspension of another job recruitment firm—Raysa International Smart Employment Services (Rises), which has offices at the Ranedor Building on Leon Guinto Street in Ermita, Manila—for deploying hotel workers to Saudi Arabia where they Read More …

Mar 092015
 
Taiwan for sharing riches of South China Sea

TAIPEI—Taiwan is pushing for joint explorations and development among claimant nations in the South China Sea as a path toward the peaceful resolution of the protracted dispute, hoping the parties would set aside sovereignty issues for the sake of mutual benefit. Kao Ming-Tsun, senior advisor at Taipei’s Department of Economic Affairs, told visiting Manila journalists: “Our concept is that we should be sharing all these resources in these areas, whether in the East China Sea or South China Sea. We should all share the resources together.” The Philippines calls its area in the waters the West Philippine Sea. “Our position would be to share the resources, to put aside differences,” said Kao, who is involved in looking after Taipei’s affairs with China. Taiwan and the Philippines are among the claimants to parts of the South China Sea, along with Vietnam, Malaysia, Brunei and China. China regards Taiwan as a breakaway province, while the island state asserts its sovereignty and right to independent representation and participation in the international community. The Philippines, meanwhile, observes a one-China policy, handling affairs with Taiwan through the Manila Economic and Cultural Office (Meco) in Taipei. Taiwan deals with the Philippines through the Taipei Economic and Cultural Office (Teco) in Manila. Among the more vocal claimants to disputed islands within its exclusive economic zone (EEZ), the Philippines is pursuing an arbitration case in the United Nations to invalidate China’s “excessive” territorial delineation through its so-called nine-dash line. Manila also hopes to stop Chinese incursions into its Read More …

Feb 242015
 
Banks get passing grade from BSP

MANILA, Philippines–Local banks have enough buffers to weather massive loan defaults, which will help ensure the economy stays stable in the event a major crisis takes place, however unlikely. Recent simulations show the banking industry, as a whole, have enough capital to withstand “extreme but plausible” bouts of stress that may affect their balance sheets, Bangko Sentral ng Pilipinas (BSP) Governor Amando M. Tetangco Jr. said. The central bank’s stress tests were designed to mimic past conditions, such as the Asian Financial crisis in the late 1990s, or future bouts of stress that may arise due to conditions overseas. Tetangco said the recent stress tests indicated that banks, with their current capital buffers, should be able to withstand significant hikes in interest rates abroad and a sharp depreciation in the peso, which could affect the ability of borrowers to make payments. Banks also have enough buffers to absorb massive defaults in their real estate portfolios, he added. “They remain above the minimum capital requirement,” Tetangco told reporters on Tuesday. He said different banks passed these tests in varying degrees: some got through comfortably, while others emerged near the threshold. But Tetangco stressed that none failed the tests that were conducted using 2014 data. “There’s a continuing regulatory discussion and consultation between the BSP and the banks,” he said. Stress tests are part of the BSP’s continuing effort to ensure the stability of the financial system. These tests are done by stimulating the effects of losses that eat into banks’ capital Read More …

Feb 232015
 
Vietnamese vessel, 3 Filipino boats caught with smuggled rice, firearms off Sulu

popular MILF refuses to surrender men involved in Mamasapano carnage Oscars 2015 full list of winners Sam Concepcion, Jasmine Curtis break up—report Lack of leadership skills exposed Mamasapano probe: AFP chief asks for executive session Turkish troops enter Syria to rescue historic tomb Tingting, Peping divided over ousting Aquino Biz Buzz: With a smile[y] videos PBA: Ginebra’s LA Tenorio comfortable on the floor with Emman Monfort PBA: Agustin credits good defense, big men performance for win over Purefoods PBA: Warner’s maturity big thing for Globalport, says coach Gonzales Crime watchdog wants advisory body composed of bishops, inter-religious leaders Former Tarlac Governor calls Aquino to resign ZAMBOANGA CITY, Philippines – A foreign vessel and three Filipino-owned boats that were loaded with at least 131,000 smuggled imported rice and high-powered firearms were apprehended off Pata Island in Sulu on Monday dawn. Capt. Maria Rowena Muyuela, spokesperson of the military’s Western Mindanao Command, said elements of the Naval Task Unit (NTU) and the 64th Marine Company held MV An Bien-89-Alci, a ship with 16 Vietnamese crew, including its boat captain Nguyen Van Loi, and loaded with 116,000 sacks of imported rice. The boat is registered under the Sunrise Ship and Trading Company. Also apprehended were M/L KH, which was loaded with 7,000 sacks of imported rice, and had 11 crew members and 79 laborers; M/L Fatima Nurmina, which had 1,000 sacks of rice, an M14 rifle and and M16 rifle with M203, and had 12 crew members and 55 laborers on board; and Read More …

Feb 212015
 
Suspect in shooting of 3 foreigners in Cebu falls

CEBU CITY–Police have arrested one of at least four men involved in the killing of a German engineer and wounding of a Frenchman and an Indian at a fast-food outlet in Barangay Tabunok, Talisay City, about 12 km south of here. Allan Velos, 35, was arrested inside his residence in Barangay San Isidro, Talisay City at about 6:20 p.m. on Friday. The arrest came 14 hours after the shooting incident that killed Henry Haffner, a 31-year-old German tourist; and wounded French national Julian Millard, 31; and Indian national Cheten Saparaiya, 31. Velos was identified by a witness as one of the assailants. Supt. Carmelo Dayon, Talisay City Police chief, said Velos was involved in several robberies in south Cebu. Last month, Velos was involved in a shootout with Talisay policemen who were serving an arrest warrant for another person, he added. The suspect was detained at the police station and refused to talk to reporters. Velos, however, denied involvement in Friday’s shooting when interrogated by the police. Velos, who claimed to be a television and electronics technician, told the police that he was sleeping at home at the time of the attack. Recovered from Velos’ house was a gun, which would be subjected to ballistics test to find out if it matched the slugs taken from the crime scene. Velos will also undergo paraffin test to determine if he recently fired a gun. Around 4:20 a.m. last Friday, two unidentified men arrived at McDonald’s  in Barangay Tabunok and taunted Millard and Saparaiya who were Read More …

Feb 172015
 
PSEi nears 8,000 mark

MANILA, Philippines–The local stock barometer closed at another record high on Tuesday, moving closer to the 7,800 mark, after trading in the doldrums for most of the session. The Philippine Stock Exchange index (PSEi) added 8.75 points, or 0.11 percent, to close at 7,793.40. The market rebounded in the afternoon on selective buying. Elsewhere in the region, sentiment was mixed following the breakdown in debt negotiations between Greece and the European Union. All counters posted modest gains except for the holding firm sub-sector, which slightly dipped. Value turnover for the day amounted to P6.65 billion. There were 93 advancers that edged out 81 decliners while 48 stocks were unchanged. “Stocks have so far resisted after hitting an all-time high of 7,807, indicating some pressure on the upside. With some stocks hitting analyst targets and reaching overbought signals, as full-year 2014 earnings are released, we have observed rotation of fund flows as investors seek more attractive values in the market,” local stockbrokerage DA Market Securities said in a research note. Resistance level for the PSEi is seen at 7,807, the all-time intraday high and psychological barrier at 8,000, DA Market said. The PSEi’s upswing was led by SM Prime (+1.14 percent) while Megaworld, EDC, ALI, FGEN, JG Summit and BPI contributed modest gains. Outside of PSEi stocks, notable gainers were LPZ (+2 percent) and DNL (+2.94 percent). On the other hand, the PSEi’s gains were curbed by the decline of MPI (-2.88 percent) and URC (-1.1 percent) while PLDT, DMCI, SMPH, Read More …

Feb 172015
 
Treasury rejects bids for 10-year bonds

popular . Stoudemire leaving Knicks after buyout Pope denounces slaying of Egyptian Christians by ISIS Egypt bombs ISIS in Libya, pushes for international action JM de Guzman bounces back BREAK: Tsunami alert in N. Japan after 6.9 quake—agency 8 British firms embark on trade mission to PH BIFF challenges politicians to arm themselves, fight in Mindanao Gov. Vi lauds 1982 gay film’s restoration videos 2015 Bb Pilipinas hopeful Janicel Lubina proud of her simple past Binibining Pilipinas 2015 candidates strut in their swimsuits David Pomeranz is back in PH with ‘Greatest Hits’ album PBA legend Sonny Jaworski open to idea of being the next PBA commissioner Ateneo star Alyssa Valdez calls for unity in PH volleyball MANILA, Philippines–The government on Tuesday rejected all bids for P25 billion in reissued 10-year treasury bonds as some investors were deemed trying to tuck in additional income before closing their first-quarter books. During the auction, the Bureau of the Treasury rejected tenders worth P41.23 billion at an average bid rate of 3.573 percent or 53.4 basis points higher than the previous auction’s 3.039 percent. The bonds maturing in August 2024 were first auctioned in August last year. National Treasury Roberto B. Tan told reporters after the auction that they noticed the array of investors’ bid rates was “scattered.” “There was no unity in the rates among themselves. They’re also tentative about what would be the right price. The market was trying to see how far they can go,” Tan said. According to Tan, some Read More …