The latest news stories from the major news organizations in Cebu and Manila in the Philippines, the US and other countries.

Sunday, December 14, 2008

December 15, 2008 Major Newscast

Rollback in fares take effect Monday

OPEC set to slash oil output

OPEC, the cartel pumping 40 percent of world oil, is this week set to announce plans to slash output in the hope of lifting crude prices weighed down by a recession-fueled slide in energy demand.

PDIC assures depositors

State deposit insurers assured that they will assist depositors of rural banks that have recently declared bank holidays.  PDIC president Jose Nograles has assured that his office is drawing up measures for a swift payout to depositors of closed banks under its receivership.  PDIC augmented its workforce to speed up the process of verifying the legitimacy of depositors' claims.

No bank holiday, official assures

Speaker: 'Ceasefire' on Cha-cha

House Speaker Prospero Nograles has declared a ceasefire on moves to amend the Constitution in the House of Representatives in December in an attempt to cool down the opposition and to make the House focus on the national budget and the proposed extension of the Comprehensive Agrarian Reform Program.

Cursing Cha-cha 'understandable'

Sen. Panfilo Lacson said on Sunday he perfectly understood Sen. Manuel Roxas' cursing during the anti-Charter change rally last Friday and would have hurled expletives himself if he had spoken first.

Palace wants dialogue on Con-ass

Malacañang urged members of the House of Representatives and the Senate to hold an inter-chamber dialogue to resolve their conflict on the mode of amending the 1987 Constitution.

Pinoys still dissatisfied with Arroyo

Lacson accuses Arroyo of frameup

Sen. Panfilo Lacson claimed that police and military officials had tried to persuade his former police aides Cesar Mancao and Glenn Dumlao to implicate him in the 2000 murder of publicist Salvador "Bubby'' Dacer and his driver, Emmanuel Corbito.

Globe cellsite bombed in Negros

A Globe Telecom cellsite was bombed and destroyed by about 10 suspected New People's Army rebels Saturday night in Barangay (Village) Mabini, Escalante City, Negros Occidental.

Truck torched in Butuan City by NPAs

Palace to resume talks with MILF

Malacañang announced that its peace talks with the Moro Islamic Liberation Front (MILF), which collapsed after major fighting erupted in August, could resume before Christmas.

More Minda negotiators to face MILF

The new set of negotiators for the peace talks with the Moro Islamic Liberation Front (MILF), would have more representatives from Mindanao, Press Secretary Jesus Dureza said.

Taiwanese, principal abducted in Sulu

A Taiwanese businessman in Sulu's provincial capital, Jolo, and an elementary school principal in another Sulu town were reported abducted in separate incidents over the weekend.

45,000 Filipinas trafficked to Lebanon

Illegal recruiters have trafficked an estimated 45,000 Filipina household service workers (HSWs) to Lebanon since the Philippines imposed the deployment ban to the Middle East country in August 2006, the honorary consul of Lebanon to the Philippines said.

Fertilizer prices down 43.7%

China to increase supply of money

China said it plans to increase the amount of money circulating in its economy next year in a new effort to spur consumer spending and shield the country from a global downturn.

Prosecutors to appeal Chen's release

Prosecutors in Taiwan said Sunday they would appeal a court decision to release former president Chen Shui-bian without bail after his indictment on corruption charges.

Illinois governor weighs legal options

Illinois Gov. Rod Blagojevich met with a renowned Chicago criminal lawyer as he weighed his legal options on how to fight a scandal that has left his career in tatters and disrupted President-elect Barack Obama's White House transition.

Orillana clinches it for Cebu

Tañamor wins, gains World Cup finals

76ers fire coach Maurice Cheeks

Maurice Cheeks was fired as coach of the Philadelphia 76ers, who are slumping at 10-14 a year after making the NBA playoffs. Assistant general manager Tony DiLeo was appointed coach.

Russian crowned Miss World

Kseniya Sukhinova from Russia was crowned Miss World 2008 after beating 108 other international beauties in a glittering African extravaganza held in South Africa.

Queen reins in extravagance

Always concerned about staying in touch with her subjects, Queen Elizabeth II has invited Britain's royal family to follow her example and tighten the purse strings during the financial downturn.

Jennifer Aniston appears naked

US actress Jennifer Anister, who starred in "Friends", appears naked in a series of photographs that are published on the cover and inside pages of the latest issue of GQ magazine.

Paul says he's the political Beatle

Fans have long regarded Lennon, who wrote songs such as "Revolution" and — in later years — "Give Peace a Chance," as the group's authentic political voice.  But McCartney claimed that his meeting with philosopher Bertrand Russell in the mid-1960s sparked his own — and eventually Lennon's — curiosity about world affairs.

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