Philippines

Philippines inflation rate eases to 11.9 per cent in September

Philippines inflationManila - The Philippine's inflation rate eased to 11.9 per cent in August amid stability in food and oil prices, the government said Tuesday.

The National Statistics Office (NSO) said September's inflation rate was lower than 12.5 per cent recorded in August. Inflation in September last year was 2.7 per cent.

"The country's annual inflation rate for food alone continued to improve at 17 per cent in September from 18.1 per cent in August," the agency said.

EU earmarks 9.9 million dollars for Philippine war victims

EU earmarks 9.9 million dollars for Philippine war victims Manila  - The European Commission has earmarked 9.9 million dollars to civilians affected by violence in the strife-torn southern Philippines, an official said Monday.

Alistair MacDonald, head of delegation of the European Commission in the Philippines, said 5.68 million dollars would be used to help people affected by recent clashes between soldiers and Moro Islamic Liberation Front (MILF) rebels in the southern region of Mindanao.

Philippine shares drop 2.59 per cent

Manila - Philippine shares drop 2.59 per centPhilippine shares dr

Lightning kills three plantation workers in Philippines

Lightning kills three plantation workers in Philippines

Gunmen seized fishing boat with 17 crew in southern Philippines

PhilippinesZamboanga City, Philippines  - Gunmen on Thursday seized a fishing boat with 17 crew members in the sea off the southern Philippines, a navy official said.

Rear Admiral Emilio Marayag said the fishing boat and its crew

were seized by unidentified gunmen off Taganak Island in Tawi-Tawi province, 1,095 kilometres south of Manila.

Marayag said the fishing boat was owned and operated by Manila-based Irma Fishing Co.

"We cannot provide more details about the incident because the owner is not coordinating with us.

Four bodies of Philippine miners found, rescue ends

Manila  - Rescuers recovered overnight four dead bodies of miners trapped inside a flooded mineshaft in the northern Philippines, ending a frantic 10-day search and rescue operation, a regional police chief said Thursday.

Rescuers recovered two dead bodies before dawn on Thursday while two more bodies had been recovered late Wednesday from the shaft in Itogon town in Bengue province, 225 kilometres south of Manila, Chief Superintendent Eugene Martin said.

Martin said the recovery of the four bodies brought to six the total number of fatalities in the accident while 10 other miners were rescued alive.

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