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Archive for April, 2007

Loren cites food tourism potentials

Posted by Michille on 30th April 2007

Laoag City, Ilocos Norte: GO senatorial candidate Loren Legarda said the country should take advantage of the billion-dollar gastronomical tourism phenomenon now sweeping the world by promoting internationally its various delectable cuisines and delicacies.

“We can put food on the table of hungry Filipinos by getting a bigger slice of the earnings derived from food tourism and the export of our native delicacies,” Loren said.

“Food can solve the hunger problem in more ways than one. At the same time, we will be reinforcing Filipino hospitality for which we are well-known worldwide,” she said.

Read more… THE MANILA TIMES!

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Posted in Philippine News | No Comments »

Gore calls Canada climate plan a ‘total fraud’

Posted by Michille on 30th April 2007

TORONTO – Al Gore condemned Canada’s new plan to reduce greenhouse gases, saying it was “a complete and total fraud” because it lacks specifics and gives industry a way to actually increase emissions.

Under the initiative announced Thursday, Canada aims to reduce the current level of greenhouse gas emissions 20 percent by 2020. But the government acknowledged it would not meet its obligations under the Kyoto Protocol, which requires 35 industrialized countries to cut greenhouse-gas emissions by 5 percent below 1990 levels by 2012.

The country’s emissions are now 30 percent above 1990 levels.

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Air Terminal-3 ‘rolling opening’ deferred again

Posted by Michille on 30th April 2007

By Fel V. Maragay

The opening of the Ninoy Aquino International Airport Terminal-3 will be delayed further after aviation experts found structural flaws that are more serious than what was earlier thought.

Because of this, the opening of the Naia-3 has been moved to early 2008, instead of this year, said Transportation Secretary Leandro Mendoza.

Originally scheduled for completion in 2002, the inauguration of the air terminal has been repeatedly postponed. In the latest timetable, a “rolling opening” was set for this month. Rolling opening means the various airline companies will move by batches from Naia-1 and -2.

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Philippine April coconut oil exports down 47%

Posted by Michille on 30th April 2007

Shipments of coconut oil from the Philippines plunged nearly 47 percent in April from the same month last year because of damage caused by typhoons last year, an industry group said on Monday.

Preliminary data showed the country, the world’s largest supplier of coconut oil, had shipped 84,147 tonnes in April compared with actual exports of 158,545 tonnes in the same month last year.

“Nearby supplies remain tight,” Yvonne Agustin, executive director of the United Coconut Associations of the Philippines, Inc. (UCAP), told Reuters.

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Stock market strong, seen testing highs

Posted by Michille on 30th April 2007

By EDU LOPEZ

Given the generally positive market indicators such as strong value turnover and sustained buying support from foreign fund managers, the equities market is likely to test the year’s high at 3417 points.

The market continued to show strength, posting a gain of 40 points on Friday following the gains from Ayala Corp., SM, Petron Corp. and Manila Water, says BPI Securities.

AB Capital Securities expects the PSEi to have a strong resistance at the 3,400 level. “It is firmly moving within its uptrend line but close to 20 percent above its 200 day moving average and continues to show negative divergence with its momentum oscillators.”

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No jeepney fare hike despite fuel price increase—LTFRB

Posted by Michille on 30th April 2007

By Jefferson Antiporda, Reporter

THE Land Transportation Franchising and Regulatory Board assured the public that there will be no jeepney fare increase just yet despite the recent increase in oil prices, adding that the P7 minimum fare will stay.

LTFRB Chairman Thomson Lantion said he has not received any petition for a fare increase which means the operation of public transport sector is not affected by recent hike in oil prices.

“There is no petition yet… but we will immediately act on it once transport groups file the necessary request for a fare increase,” Lantion said.

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