ASEAN launches infra fund in ADB event

May 3, 2012 10:29 pm· Comments Off on ASEAN launches infra fund in ADB event 

MANILA, May 3 — Finance ministers of the Association of South East Asian Nations (ASEAN) launched Thursday the ASEAN Infrastructure Fund (AIF) with an initial pooled equity amounting to US$ 485 million.

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Time running out for low Carbon growth in Asia — ADB seminar

May 3, 2012 10:29 pm· Comments Off on Time running out for low Carbon growth in Asia — ADB seminar 

MANILA, May 3 — Countries in the region must take immediate action to help prevent catastrophic climate change, delegates at the 45th Annual Meeting of the Asian Development Bank’s (ADB) Board of Governors heard Thursday.

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Palace says Philippines able to relax tension in Panatag Shoal

May 3, 2012 10:29 pm· Comments Off on Palace says Philippines able to relax tension in Panatag Shoal 

MANILA, May 3 — The Philippines was able to deescalate the tension in Scarborough Shoal contrary to some criticisms saying militarizing the disputed territory will be disadvantageous to the Philippines, a Palace spokesman said on Thursday.

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Malacanang says concerned government agencies have joined forces to address smuggling of pork

May 3, 2012 10:29 pm· Comments Off on Malacanang says concerned government agencies have joined forces to address smuggling of pork 

MANILA, May 3 — Various concerned government agencies have joined forces to address the smuggling of pork into the country, a Palace official said on Thursday.

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Solon seeks higher fines against commission of libel

May 3, 2012 10:29 pm· Comments Off on Solon seeks higher fines against commission of libel 

MANILA, May 3 — A libel committed by means of writing or similar means, under Article 355 of the Revised Penal Code imposes a penalty of prision correccional in its minimum and medium periods or a fine ranging from P200 to P6,000 or both.

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Global crisis must not disrupt Asia's continuing — ADB

May 3, 2012 10:29 pm· Comments Off on Global crisis must not disrupt Asia's continuing — ADB 

MANILA, May 3 — While developing Asia must build a firewall against possible escalation of the global financial crisis, it must not veer from long-term structural reforms already underway to further its economic transformation, delegates at the Governors’ Seminar at the 45th Annual Meeting of the Asian Development Bank (ADB) heard Thursday.

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AFP deactivates NADESCOM

May 3, 2012 10:29 pm· Comments Off on AFP deactivates NADESCOM 

MANILA, May 3 – Citing the need to realign its forces, the Armed Forces of the Philippines (AFP) formally deactivated its National Development Support Command (NADESCOM) on Thursday.

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CIDG nabs 4, including an NPA fighter

May 3, 2012 10:29 pm· Comments Off on CIDG nabs 4, including an NPA fighter 

MANILA, May 3 – Security authorities in Metro manila, Bicol and caraga regions have arrested four wanted persons, including a local communist guerrilla wanted for rebellion.

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Sotto wants DFA to explain release of Panamanian national accused of rape

May 3, 2012 10:29 pm· Comments Off on Sotto wants DFA to explain release of Panamanian national accused of rape 

MANILA, May 3 (PN) – Senate Majority Floor Leader Vicente Sotto III said on Thursday that he will file a Senate resolution asking the Department of Foreign Affairs (DFA) to explain two conflicting certifications that led to the release of a Panamanian national who was accused of raping a 19-year-old Filipino woman.

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No intention to drag U.S. into Scarborough dispute — PHL

May 3, 2012 10:29 pm· Comments Off on No intention to drag U.S. into Scarborough dispute — PHL 

By Gloria Jane Baylon

MANILA, May 3 — The Philippines does not intend to drag the United States into Manila’s territorial dispute with China on what is internationally mapped as the South China Sea, notwithstanding Manila-Washington's time-tested bilateral alliance.

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