I. BANNER STORIES
‘Local banks need no bailout’
By Doris Dumlao, Michael Lim Ubac
Philippine Daily Inquirer
First Posted 03:07:00 10/03/2008
MANILA, Philippines—Philippine banks are in much better position to withstand a global financial storm and are in no need of a lifeline similar to the state-funded bailout schemes for troubled financial institutions in the United States and Europe, officials said Thursday.
http://business.inquirer.net/money/topstories/view/20081003-164309/Local-banks-need-no-bailout
US Senate OKs bailout bill
Friday, October 3, 2008
WASHINGTON – After one spectacular failure, the $700-billion financial industry bailout found a second life Wednesday, winning lopsided passage in the Senate and gaining ground in the House, where Republican opposition softened.
http://www.philstar.com/index.php?Headlines&p=49&type=2&sec=24&aid=20081002135
3. Manila Times
Friday, October 03, 2008
US Senate passes bailout
Sweetened deal gives Treasury power to buy up mortgage debt
WASHINGTON, D.C.: The US Senate has resoundingly passed a sweetened $700-billion Wall Street bailout, spurring hopes the House of Representatives would follow suit after killing an earlier bid to avert a world financial meltdown.
http://www.manilatimes.net/national/2008/oct/03/yehey/top_stories/20081003top1.html
4. Malaya
Pressure on US House
‘Rescue deal not a cure-all’
NEW YORK/WASHINGTON — The US Senate approved a $700 billion bailout of the financial industry, putting pressure on the House to approve a plan that political and financial leaders called crucial to averting economic catastrophe.
http://www.malaya.com.ph/oct03/news1.htm
US Senate OKs $ 700-B bill
WASHINGTON, DC (Reuters) — A $ 700-billion financial industry bailout was approved by the US Senate on Wednesday and headed back to the House of Representatives where leaders, stung by a no vote that rocked markets on Monday, were cautiously optimistic it would pass in coming days.
http://www.mb.com.ph/MAIN20081003136902.html
Isabela gov’t eyes UN hand polls in 2009 budget
By Angie M. Rosales
10/03/2008
Will there be elections in 2010? And if there will be, will this be automated?
Automation of the 2010 elections remained in doubt yesterday as the P21 billion needed to pave the way for its implementation was not included in next year’s P1.43 trillion budget submitted by Malacañang to Congress.
http://www.tribune.net.ph/headlines/20081003hed1.html
7. Abante
KATAY-BUDGET ISAGAD!
Nina BOYET JADULCO, BERNARD TAGUINOD, NILO MARASIGAN at ROSE MIRANDA
Matinding kakapusan sa budget ang kakaharapin ng Pilipinas sa susunod na taon dahil sa dinaranas ngayong krisis pinansyal ng Estados Unidos.a
Bunga nito ay mahalagang repasuhin at sagarang katayin ang isinumiteng P1.415 trilyong proposed national budget ng Malacañang sa Kongreso para sa 2009.
http://www.abante.com.ph/issue/oct0308/default.htm
SEX PAMALIT SA GRADO
Ni ARMIDA RICO
Patung-patong na kaso ang kinakaharap ngayon ng isang Physical Education (P.E.) instructor na nadakip sa entrapment operation makaraang ireklamo ng sexual harassment ng kanyang mga estudyante at pangingikil umano sa mga biktima para makapasa ang mga ito noong Martes ng hapon sa Taguig City.
http://www.abante-tonite.com/issue/oct0308/news_story1.htm
Pulis-tulog sisibakin!
Ni Joy Cantos
Friday, October 3, 2008
Binalaan ni Philippine National Police (PNP) Chief Deputy Director General Jesus Verzosa ang mga pulis na mahuhuling natutulog sa mobile units at maging sa mga istasyon ng pulisya sa oras ng trabaho dahil mananagot ang mga ito.
http://www.philstar.com/index.php?Bansa&p=50&type=2&sec=54&aid=20081002150
10. Journal
BAILOUT
US Senate approves business rescue package; RP to benefit -- Palace
WASHINGTON -- The US Senate has resoundingly passed a sweetened $700-billion Wall Street bailout, spurring hopes the House of Representatives would follow suit after killing an earlier bid to avert a world financial meltdown.
http://www.journal.com.ph/index.php?issue=2008-10-03&sec=1&aid=74672
11. Business World
BY ALEXIS DOUGLAS B. ROMERO, Reporter
‘Conservative’ outlook for RP
THE GOVERNMENT IS MAINTAINING a cautious outlook on the economy, admitting yesterday that growth will be slower this year while reiterating it is confident the Philippines will weather a global financial crisis.
http://www.bworldonline.com/BW100308/content.php?id=001
12. Business Mirror
II. POLITICAL
HUNTED REBEL LEADER
MILF’s Kato twits military on YouTube
By Nikko Dizon
Philippine Daily Inquirer
First Posted 02:37:00 10/03/2008
MANILA, Philippines—A target of a military manhunt for two months, Ameril Ombra Kato of the Moro Islamic Liberation Front (MILF) has appeared in a video posted on YouTube—mocking his pursuers for failing to find him.
UNDERSTAFFED
BFAD under pressure on milk crisis
By Dona Pazzibugan, Edson C. Tandoc Jr.
Philippine Daily Inquirer
First Posted 02:42:00 10/03/2008
MANILA, Philippines—Understaffed and ill-equipped, the Bureau of Food and Drugs (BFAD) is under pressure to make known on Friday whether China-made milk and milk products being sold here are tainted with the same industrial chemical that has killed four children and sickened some 55,0000 others in China.
Lacson won’t let Villar off the hook
By Dona Pazzibugan
Philippine Daily Inquirer
First Posted 04:02:00 10/03/2008
MANILA, Philippines—Senate President Manuel Villar is not yet off the hook regarding the controversial “double entry” of P200 million for the C-5 road extension project following Sen. Panfilo Lacson’s announcement on Thursday that he would pursue an investigation by the Senate ethics committee.
Now, there’s only one miner missing
By Elmer Kristian Dauigoy, Delmar Cariño
Philippine Daily Inquirer
First Posted 04:03:00 10/03/2008
BAGUIO CITY—And now there’s only one man missing.
But it’s unclear if Joseph Anayasan, the last of 16 miners still unaccounted for, remains inside the abandoned gold mine of Benguet Corp. in Itogon town that was hit by flooding from Typhoon “Nina” (international codename: Hagupit) after they entered the mine on Sept. 22.
FEATURE
Miners brave danger to get gold
Metal sells for P1,000 a gram in black market
By Delmar Cariño
Philippine Daily Inquirer
First Posted 04:05:00 10/03/2008
ITOGON, BENGUET—For small-scale miners, a gram of gold sold for as much as P1,000 in the black market is worth the risk of getting it in the treacherous tunnels of this mountain township.
Population bill a big waste--think tank
By Michelle Remo
Philippine Daily Inquirer
First Posted 04:07:00 10/03/2008
MANILA, Philippines—A bill seeking to impose population control in the country would lead to a waste of valuable resources that would be better ploughed into education and infrastructure, a conservative think-tank said Thursday.
SANTIAGO SAYS
P21B too much for automated polls
By Dona Pazzibugan
Philippine Daily Inquirer
First Posted 06:40:00 10/03/2008
MANILA, Philippines—The Commission on Elections (Comelec) on Thursday told a Senate budget hearing it needed P21 billion over its proposed 2009 budget of P5.4 billion to fully automate the 2010 elections.
‘GOD’S ARMY’
Ilaga: ‘We never went away’
Philippine Daily Inquirer
First Posted 06:41:00 10/03/2008
ALEOSAN, NORTH COTABATO, Philippines—Felimon Cayang says he is ready to die to save his land from the Moro separatist rebels spreading terror through Christian communities.
http://newsinfo.inquirer.net/inquirerheadlines/nation/view/20081003-164346/Ilaga-We-never-went-away
WITNESS SAYS
Tax credit scam papers not missing
By Jocelyn Uy
Philippine Daily Inquirer
First Posted 06:42:00 10/03/2008
MANILA, Philippines—Vital documents that would help prosecute businessman Faustino Chingkoe in the multibillion-peso tax credit certificate (TCC) scam are not missing but are in the safe in Special Prosecutor Dennis Villa-Ignacio’s office, according to Chingkoe’s brother and the star witness against him, Felix Chingkoe.
Investing key to riding out tough times
By Doris Dumlao
Philippine Daily Inquirer
First Posted 06:43:00 10/03/2008
MANILA, Philippines—Belt-tightening is the norm in these tough times but increasing the spare cash kept in the cookie jar is no longer deemed sufficient to cope with the rising cost of running a household or an enterprise.
‘Economic prospects now better for RP’
By Marvin Sy
Friday, October 3, 2008
The Philippines has better prospects for survival with the US Senate’s resounding approval of a sweetened $700-billion Wall Street rescue plan, the Arroyo administration’s economic managers said yesterday.
http://www.philstar.com/index.php?Headlines&p=49&type=2&sec=24&aid=20081002136
Bodies of 4 miners found in tunnel
By James Mananghaya and Artemio Dumlao
Friday, October 3, 2008
Rescuers recovered four more bodies last Wednesday night and yesterday morning at the mining tunnel in Itogon, Benguet, where 16 miners were trapped when heavy rains triggered by typhoon “Nina” flooded the mining area last Sept. 22.
http://www.philstar.com/index.php?Headlines&p=49&type=2&sec=24&aid=20081002137
Palace to review oil tariff guidelines
By Paolo Romero
Friday, October 3, 2008
Malacañang is considering a review of its previous order reducing oil tariffs to further improve mechanisms to shield consumers from volatility of crude prices in the world market.
http://www.philstar.com/index.php?Headlines&p=49&type=2&sec=24&aid=20081002139
BFAD results out today; government to outsource milk testing
By Sheila Crisostomo
Friday, October 3, 2008
The Bureau of Food and Drugs (BFAD) is expected to release today partial results of the laboratory analysis that it had been conducting on samples of milk and milk byproducts randomly collected nationwide since the toxic milk scare erupted in China.
http://www.philstar.com/index.php?Headlines&p=49&type=2&sec=24&aid=20081002140
DA mulls imposing price controls on pork
Friday, October 3, 2008
The Department of Agriculture is studying the possibility of imposing price controls on pork now that retail prices have gone up to unreasonable levels.
Agriculture Secretary Arthur Yap admitted that the current retail prices of pork are unreasonable and without basis, confirming the allegation of the National Federation of Hog Farmers Inc. (NFHFI).
http://www.philstar.com/index.php?Headlines&p=49&type=2&sec=24&aid=20081002141
Comelec wants P21-B supplemental budget for 2010
By Aurea Calica
Friday, October 3, 2008
The Commission on Elections is seeking P21 billion in supplemental budget for the automation of the 2010 elections. This developed as Sen. Miriam Defensor-Santiago questioned yesterday a Makati City Regional Trial Court judge for giving due course to a petition that would delay the refund of some P1 billion from Mega-Pacific eSolutions Inc. to the Comelec for the unused automated counting machines (ACMs).
http://www.philstar.com/index.php?Headlines&p=49&type=2&sec=24&aid=20081002142
OSG: Import ban on used cars covers Cagayan
By Aurea Calica
Friday, October 3, 2008
The Office of the Solicitor General (OSG) issued a ruling that the ban on the importation and sale of used cars outside of free ports as upheld by the Supreme Court must be implemented nationwide, including Port Irene at the Cagayan Economic Zone in Santa Ana, Cagayan, contrary to the position of Sen. Juan Ponce Enrile and other government officials.
http://www.philstar.com/index.php?Headlines&p=49&type=2&sec=24&aid=20081002143
‘Pablo’ exits RP; good weather in next four days – Pagasa
By Helen Flores
Friday, October 3, 2008
Government meteorologists are predicting good weather conditions in the country for the next four days with the exit of tropical depression “Pablo” (international name Higos).
“Aside from isolated rain showers and thunderstorms, good weather will prevail over the country until Monday,” said Nathaniel Cruz, weather branch chief of the Philippine Atmospheric, Geophysical and Astronomical Services Administration (Pagasa).
http://www.philstar.com/index.php?Headlines&p=49&type=2&sec=24&aid=20081002144
‘Time for Church to review stand on RH bill’
Friday, October 3, 2008
With the “snowballing” of support for House Bill 5043 or the Reproductive Health Bill, the Reproductive Health Alliance Network (RHAN) yesterday renewed its call for the Catholic hierarchy to revisit its stand against the proposed measure.
http://www.philstar.com/index.php?Headlines&p=49&type=2&sec=24&aid=20081002145
GSIS says US investment minimal but won’t disclose how much
Friday, October 3, 2008
The Government Service Insurance System (GSIS) reiterated yesterday that it has no investment in the embattled US firms Lehman Brothers and American International Group.
http://www.philstar.com/index.php?Headlines&p=49&type=2&sec=24&aid=20081002146
House, GMA economic managers tackle US crisis
By Delon Porcalla
Friday, October 3, 2008
The House of Representatives convened into a committee of the whole yesterday to hear from the Arroyo administration’s economic managers on the US financial meltdown’s impact on the local economy.
http://www.philstar.com/index.php?Headlines&p=49&type=2&sec=24&aid=20081002147
15 DPWH officials, employees dismissed over misconduct
By Edu Punay
Friday, October 3, 2008
Fifteen officials and employees of the Department of Public Works and Highways (DPWH) were dismissed from the service after the Office of the Ombudsman found them guilty of administrative misconduct.
http://www.philstar.com/index.php?Headlines&p=49&type=2&sec=24&aid=20081002148
GMA urged to punish execs in anomalies
By Jess Diaz
Friday, October 3, 2008
Nueva Ecija Rep. Edno Joson has urged President Arroyo to punish government officials and personnel involved in irregularities uncovered recently by the Commission on Audit (COA).
http://www.philstar.com/index.php?Headlines&p=49&type=2&sec=24&aid=20081002149
Lacson claims Minority ‘rock solid’ despite distancing of bloc
10/03/2008
Sen. Panfilo Lacson yesterday dismissed claims by some colleagues and critics on the reported disintegration within the ranks of the opposition in the Senate, saying they remain solid to this day.
http://www.tribune.net.ph/headlines/20081003hed4.html
2 kaso isasampa vs Villar sa ‘singit’ budget
(Rey Marfil/Boyet Jadulco)
Dalawang kaso ang isasampa ng ‘Solid 8’ laban kay Senate President Manuel Villar Jr. kaugnay ng nabuyangyang na double appropriation para sa P200 milyong C-5 Road/Pres. Carlos P. Garcia Road project na nakapaloob sa 2008 national budget.
http://www.abante.com.ph/issue/oct0308/news04.htm
Kaso ni Villar sa Ombudsman demolition job - Remulla
Friday, October 3, 2008
Hindi na nagulat ang kampo ni Senate President Manny Villar sa isinampang plunder case sa Office of the Ombudsman ng nagpakilalang grupo ng mga magsasaka kaugnay sa lupain sa Bulacan at utang sa bangko noong pang 1998.
http://www.philstar.com/index.php?Bansa&p=50&type=2&sec=54&aid=20081002153
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