Posted by Michille on 30th November 2006
WITH a face value of less than two US cents, the one-peso coin may be worth next to nothing here but it spells big bucks in metal-hungry China.
The coins are being sold there for P1, 000 a kilogram, and the metal derived from melting them down is used in the manufacture of electronics goods like mobile phones. Indeed, coin smuggling has become something of a growth industry here and a major headache for the central bank.
Philippine coins have become more valuable abroad as a result of rising metal prices, but inflation has diminished their value locally. Indeed, many Filipinos no longer bother to carry them.
With the copper and nickel content worth more than the face value of the coin, the central bank has realized that minting them is no longer cost effective, bank director Fe de la Cruz says. To address this problem, the bank has issued a new one-peso coin that looks identical to the old version but is made from a cheaper steel alloy, she says.
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Posted by Michille on 30th November 2006
TWO Coast Guard teams are still searching for 19 people missing after a ferry sank in Surigao del Norte on Saturday, an official said yesterday.
“Our operation will continue even if there is a strong typhoon,†Coast Guard spokesman Joseph Coyme said.
“We will stop only if there is zero visibility in the area we’re searching.â€
Fourteen people were killed, including a town mayor, when the wooden-hulled Leonida II sank in high seas off Hinatuan Island. Most of the fatalities were students coming home from a field trip.
The Coast Guard and other volunteer groups have recovered 14 bodies.
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Posted by Michille on 30th November 2006
A fisherman was reported missing in Masbate, Bicol after venturing out to sea despite rough weather conditions brought on by typhoon Reming (international codename Durian), DZMM reported Thursday.
Police Officer 1 Ryan Castro identified the missing as Narcizo Conde, a resident of Barangay Tapilon in Daanbantayan, Cebu.
Another fisherman, Vince Puya, reported the incident to police. He said he and Conde arrived at Hintutulo Island in Masbate early Wednesday to fish.
Search and rescue operations are underway.
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Posted by Michille on 30th November 2006
THE influential Sultan of Sulu and North Borneo, Sharif Ibrahim Ajibul Mohammad Pulalun, praised the Philippine Senate for approving a long time proposal to declare the country’s oldest mosque, Sheikh Karimul Makhdum Mosque in Tawi-Tawi, a national shrine.
“For so long now, we have asked the Philippine government to declare the Sheikh Karimul Makhdum mosque a national shrine and it is only this time that the Senate recognized the country’s oldest Islamic landmark,” Pulalun said at a news conference here on Tuesday.
The mosque in Simunul town was constructed in AD 1380 by an Arabian missionary, Sheik Karimul Makdum, who introduced Islam to the Philippines.
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Posted by Michille on 30th November 2006
MANILA (AFP) – Super typhoon “Reming” (international codename: Durian) slammed into the eastern Philippines on Thursday, bringing torrential rains and powerful winds as it headed towards Manila.
Packing winds of 190 kilometers (118 miles) an hour, Reming tore through the eastern island of Catanduanes, about 410 kilometers (254 miles) east of Manila, just before dawn destroying property and uprooting trees.
Power lines were brought down causing widespread blackouts throughout the eastern Bicol region including the provincial capital Legaspi City, the civil defense office said.
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Posted by Michille on 30th November 2006
Storm “Reming†(international code name: Durian), has intensified into a typhoon that could be as strong as “MiÂlenyo,†which devastated Metro Manila in September.
The Philippine Atmospheric, Geophysical and Astronomical Services Administration (Pagasa) said Wednesday that Reming was packing sustained winds of 150 kilometers per hour near the center and gustiness of 185 kph as it approached Catanduanes.
Storm signal No. 3 has been raised over Catanduanes, while Albay, the Camarines provinces and Polilio Island were placed under signal No. 2.
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