Manila - Communist rebels on Friday freed three police officers after almost three months in captivity in a province just outside the Philippine capital.
The rebels released the captive policemen - Inspector Rex Cuntapay and police officers Alberto Umali and Marvin Agesan - to the International Committee of the Red Cross in the hinterlands of Rizal province, 35 kilometres east of Manila.
The guerrillas said in a statement that they freed the three captives as a "goodwill and humanitarian gesture."
Manila - The Philippines said Friday it was "impossible" for government forces to pull out from a large portion of a southern island where Muslim militants have been holding captive three Red Cross workers for more than two months.
Muslim Abu Sayyaf rebels have threatened to behead one of the hostages if the government did not reposition soldiers, policemen and militiamen away from their encampment in Indanan town on Jolo island, 1,000 kilometres south of Manila, by the end of the month.
Manila - Philippine shares rose for the fifth straight day on Friday, soaring 2.61 per cent amid brightening prospects for a recovery of the global economy.
The Philippine Stock Exchange's 30-share composite index gained 51.99 points to close at 2,040.25, from Thursday's finish of 1,988.26.
A total of 2.5 billion shares valued at 2.82 billion pesos (58.44 million dollars) were traded.
Gainers swamped losers 78 to 30, with 34 issues unchanged.
Manila - Muslim militants on a southern Philippine island would face a full military assault if they carry out a threat to behead one of three Red Cross hostages at the end of the month, a military spokesman said Thursday.
Muslim Abu Sayyaf rebels made the threat to force government troops to move further away from their encampment in the jungles of Indanan town on Jolo island, 1,000 kilometres south of Manila.
Manila - Philippine shares rose 2.51 per cent on Thursday as investors snapped up bargain stocks, buoyed by strong performances in Wall Street and other Asian markets.
The Philippine Stock Exchange's 30-share composite index gained 48.26 points to close at 1,988.28 from Wednesday's finish of 1,939.69.
A total of 1.18 million shares valued at 2.73 billion pesos (56.28 million dollars) were traded.
Gainers outpaced losers 84 to 21, with 34 issues unchanged.
Manila - Philippine graft investigators on Wednesday recommended criminal charges against 17 public works officials for corruption in a road project funded by the World Bank.
Assistant Ombudsman Mark Jalandoni said investigators found probable cause to file charges against the 17 officials for allegedly rigging the bidding for the 330-million-dollar project.
Jalandoni said the officials allowed the bidding for the road project to proceed despite the fact that the bids were above the approved budget.
Manila - Communist rebels on Friday freed three police officers after almost three months in captivity in a province just outside the Philippine capital.
Manila - The Philippines said Friday it was "impossible" for government forces to pull out from a large portion of a southern island where Muslim militants have been holding captive three Red Cross workers for more than two months.
Manila - Philippine shares rose for the fifth straight day on Friday, soaring 2.61 per cent amid brightening prospects for a recovery of the global economy.
Manila - Muslim militants on a southern Philippine island would face a full military assault if they carry out a threat to behead one of three Red Cross hostages at the end of the month, a military spokesman said Thursday.
Manila - Philippine graft investigators on Wednesday recommended criminal charges against 17 public works officials for corruption in a road project funded by the World Bank.
