Philippines

Tycoon Tan prioritises the turnaround of Philippine Airlines

Billionaire Lucio Tan said he plans to return his group’s Philippine Airlines to profit before selling a stake, two weeks after the carrier’s president said talks with a strategic investor were likely to produce a deal by the end of this year.PAL Holdings, the carrier’s parent, booked a net loss of 501 million pesos (9.8 million dollars) in the second quarter after reporting a 1.13 billion peso deficit in the previous quarter as higher fuel costs and aircraft lease charges boosted expenses.

12 September 2017
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Philippine markets shut as floods hit capital

Philippine financial markets were closed on Tuesday along with government offices and schools as heavy overnight rains flooded parts of the capital Manila and nearby provinces.Currency, stocks and bonds trading were suspended after the office of President Rodrigo Duterte halted work in government offices, BSP (Bangko Sentral ng Pilipinas) Governor Nestor Espenilla said.

12 September 2017
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Terror fight, rebuilding Marawi to cost Philippines $1.1 billion

Rebuilding the besieged Philippine city of Marawi could cost about 56 billion pesos ($1.1 billion), according to Defense Secretary Delfin Lorenzana.Months of fighting between Philippine troops and Islamic State-led militants have left the once vibrant city on the southern island of Mindanao a virtual ghost town, displacing more than 230,000 people.“There’s a need to rebuild the infrastructure, provide social assistance to those traumatized by the war, restock armed forces ammunition and reple

7 September 2017
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Slow justice as Philippine drug war intensifies

Accused murderer Manuel Cerna has languished in a Philippine jail for 15 years without a verdict, one of countless inmates enduring interminable trials that are expected to get longer as an unrelenting drug war overwhelms the courts.A notoriously slow and under-resourced judicial system has seen a "tidal wave" of new cases as police have conducted a nationwide crime crackdown in response to President Rodrigo Duterte's order to eradicate all illegal drugs from Philippine society

5 September 2017
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2017 SEA Games concludes in style

Malaysia celebrates the end of the 29th Southeast Asian Games (SEA Games) with a glittering, colourful and sparkling closing ceremony at the National Stadium in Bukit Jalil. The biennial games, also known as Kuala Lumpur 2017, ran between August 19 and 30, 2017. The game coincides with the celebration of Malaysia’s 60th Independence Day. It is the sixth time that Malaysia has hosted the biennial competition.

31 August 2017
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France criticises Duterte over human rights

France on Wednesday rejected claims by Philippine President Rodrigo Duterte that people were guilty until proven innocent in its legal system, as it emphasised the importance of human rights and rule of law.The statement released by the French embassy followed Duterte's assessment of the judicial system in France on Monday as he defended his controversial war on drugs that has claimed thousands of lives."We have to point out that, as in the Philippines, the presumption of innocence

30 August 2017
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Australia supports Philippines against IS

Australia Tuesday offers to help train the Philippines military to tackle Islamic militants terrorising parts of the country, calling the threat "deeply concerning".Philippine forces have been besieging militants in the southern city of Marawi for almost 100 days.

29 August 2017
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