Oil price hike strikes RP
Oil price is again affecting RP which increases up to $70 per barrel today in electronic trading on the New York Mercantile Exchange. On Tuesday, it dipped $1.60 to settle at $69.89.
The American Petroleum Institute said that the US inventories dropped by 6.8 million barrels last week. Some investors will be monitoring for inventory data from the Energy Department’s Energy Information Administration for more signs crude demand may be growing. Economic analysts are expecting the EIA numbers to fall 2.2 million barrels, according to a survey by Platts, the energy information arm of McGraw-Hill Cos.
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Aussie dies with swine flu
Recently, an Australian man with multiple ailments, such as swine flu has died on his hometown in Adelaide, Australia. Rumor has been spread that the virus was the caused of his death but authorities still can’t be sure about this.
The 26-year-old Aboriginal man could be the first one to be claimed by the virus in the Asia-Pacific. He was hospitalized with multiple serious ailments and was diagnosed with swine flu, South Australia State Health Minister John Hill said. It is not yet known what the patient died of or where he became infected, he said. Swine flu has been reported most fatal in some other countries such as Mexico and the United States when there were thousands of people have died already.
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13 Dead as minibus and 10-wheeler truck clashes up in Naga City Cebu
There were at least 13 people killed while 4 others reportedly get injured after a minibus race turned deadly in Barangay Tuyan, City of Naga in Cebu province before dawn Saturday (March 28, 2009) at exactly 5 am.
The minibus, owned by the Cebu-based EDC Liner and driven by Aladin Law-it, was running at 90-100 kilometers per hour and overtook another mini bus at the south Cebu highway in Barangay Tuyan of Naga when it clashed up into a trailer truck that was coming from the opposite direction.
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Oil prices cuts-off below $45 per barrel
Oil prices continue to decline below $45 a barrel Friday in reaction to fresh evidence of the US recession and news that a $14 billion emergency bailout for US automakers had collapsed in the Senate.
The decline passed over most of the strong gains made in the previous day’s session, but traders said expectations of an important production cut by OPEC would help keep a floor under prices.
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Manny’s wife will not be around at ringside during the Dream Match
Jinkee Pacquiao will not be at the MGM Grand Hotel ringside when her husband fights Oscar de la Hoya on December 7 (December 6, US time).
Pacquiao is eight months pregnant with her fourth child with the Filipino world champion, making it delicate for her to watch a bout expected to be tenser than any of her husband’s previous fights.
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Roll Back on Oil Price Continues Until 2008 Year Ends
The Energy department on Tuesday said consumers can expect more pump price cuts as the year ends due to the continued softening of world oil prices.
This after independent industry participant Seaoil Philippines, Inc., said it has cut prices by P2 per liter for diesel, and P1 for gasoline and kerosene as of 2 p.m. Tuesday, bringing its diesel price to P35.98/liter, unleaded gasoline to P38.50 and premium gasoline to P40.
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CBCP Not Tended to Receive JDV Money
The president of the Catholic Bishops Conference of the Philippines on Monday said he is not tended to receive the alleged P500,000 bribe given to former Speaker Jose de Venecia by a Palace emissary last year.
During interview, CBCP president Archbishop Angel Lagdameo said he does not know the history of the money although it could be one of the “cash gifts” given by Malacañang to congressmen who would endorse, and then dismiss, a weak impeachment complaint against President Arroyo.
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Former House Speaker accuses Arroyo of committing ‘impropriety’
MANILA, Philippines – A former key ally of President Gloria Macapagal Arroyo accused her Sunday of committing “a major impropriety” for allegedly socializing with officials from a Chinese company that was seeking a contract with her government.
The House of Representatives is recently considering an impeachment complaint against Arroyo that maintains she approved the granting of a $300 million national broadband contract to China’s ZTE Corp. in 2007 despite knowledge that the deal was ruined with bribery allegations.
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More Filipinos Suffers Poverty
Most Filipinos say they are worse off now than a year ago as the country’s economy continues to suffer the microseisms of the global economic crisis, results of the latest Pulse Asia survey said Thursday.
Pulse Asia conducted a survey among 1,200 individuals nationwide from Oct. 14 to 27, 2008, depicted that glumness is predominant among Pinoys across all geographic areas and socio-economic classes with 58 percent of respondents saying that they are worse off now than last year.
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