Other News

Ukraine says forces will press forward after taking rebel stronghold

By Maria Tsvetkova SLAVIANSK Ukraine Sun Jul 6, 2014 7:52pm EDT (Reuters) – Ukraine’s government said it would quickly seize more territory from pro-Russian separatists after re-taking their stronghold of Slaviansk in what President Petro Poroshenko called a turning point in the fight for control of the country’s east. “My order is now in effect – tighten the ring around the terrorists,” Poroshenko tweeted on Sunday. “Continue the operation to liberate Donetsk and Luhansk regions,” […]

Samsung Electronics faces falling profits as succession looms

By Se Young Lee SEOUL Sun Jul 6, 2014 5:03pm EDT (Reuters) – Smartphone leader Samsung Electronics Co Ltd faces a third straight quarter of profit decline that could become a fourth as cheaper models grab a bigger share of a slowing market and Apple Inc readies the launch of its iPhone 6. Samsung Electronics’ woes, exacerbated by a won that has risen to a six-year high against the dollar, come at an awkward time […]

Asian shares off to slow start, investors look to earnings

By Hideyuki Sano TOKYO Sun Jul 6, 2014 8:39pm EDT (Reuters) – Asian stock markets got off to a slow start on Monday after a U.S. market holiday but held near three-year highs on optimism about the U.S. economy, with investors now shifting their focus to corporate earnings. MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS was little changed, staying just under Friday’s peak and two percentage point below its 2011 peak, having risen […]

Enrile detained at hospital, asks PNP for “privacy” after his surrender

MANILA, Philippines – Senator Juan Ponce Enrile and members of his family have requested the Philippine National Police for some “privacy” after Enrile surrendered and was detained at a police hospital because of his health and medical condition. Philippine National Police spokesperson Chief Supt. Reuben Theodore Sindac said that Enrile’s family had asked for “privacy” for the 90-year-old former Senate president. Because of this, Sindac said the PNP would not be releasing mug shots and […]

New training deals to benefit over 2,000 scholars

For this initiative, in cooperation with the private sector, the Technical Education and Skills Development Authority (TESDA) in a statement said it will pour some P17.480 million worth of scholarship vouchers, which will be sourced from its Training for Work Scholarship Program. Under separate Memorandum of Agreements (MOA) signed last week, TESDA will allocate P8.130 million for the Makati Development Corporation (MDC); P5.450 million for the Philippine Society of Plumbing Engineers (PSPE) Inc.; and P3.9 […]

Government confiscates 4,000 metric tons of NFA rice from private trading company

MANILA, Philippines — The government’s effort in battling overpricing, manipulation and cartel-like activities has led to the confiscation of an estimated 4,000 metric tons of rice, a Palace official said on Sunday. Presidential Communication Operations Office Secretary Herminio Coloma, Jr., said the Philippine National Police – Criminal Investigation and Detection Group (PNP-CIDG) has seized this much from three out of 12 warehouses they investigated.“Tatlong bodega ang natagpuang may paglabag sa batas dahil hindi makapagpakita ng […]

Gov’t rejects request for price increase of some food manufacturers

Malacañang said that the government has rejected the request of some manufacturers to increase their respective suggested retail prices (SRP). Presidential Communication Operations Office Secretary Hermino Coloma, Jr., said the Department of Trade and Industry (DTI) has declined the request of some manufacturers’ petition for price increase. Only manufactured goods has suggested retail prices. The Communications Secretary also assured the public that there will be no price hike in the prices of flours. “Nangako ang […]