Manila - The United States on Friday announced it was providing relief assistance worth 2.5 million dollars to thousands of residents displaced by a recent outbreak of hostilities in the southern Philippines.

US ambassador to Manila Kristie Kenney made the announcement during a visit to a camp for internally displaced persons in Datu Odin Sinsuat town in Maguindanao, 960 kilometres south of Manila.

According to the National Disaster Coordinating Council, more than 300,000 people are still displaced by the fighting between the military and the Moro Islamic Liberation Front (MILF) rebels in the southern region of Mindanao.

Manila  - Philippine share prices plunged 3.45 per cent on Thursday, dragged down by Wall Street's overnight losses as investors braced for a prolonged economic slump.

The 30-share composite of the Philippine Stock Exchange lost 65.85 points to close at 1,842.33 from Wednesday's finish of 1,908.18.

A total 552.06 million shares worth 1.38 billion pesos (28.16 million dollars) were traded.

Losers led gainers 96 to 12, while 22 issues were unchanged.

Manila  - Philippine share prices plunged 3.42 per cent on Tuesday on news of massive job cuts and more economies falling into recession due to the global slump.

The 30-share composite index of the Philippine Stock Exchange lost 66.40 points to close at 1,873.60, from Monday's finish of 1,940.00.

A total of 751.83 million shares worth 1.20 billion pesos (24.48 million dollars) were traded.

Losers led gainers 85 to 8, while 26 issues were unchanged.

Traders said investor sentiments were dampened by reports that Citigroup, the second largest US bank, cut 52,000 jobs in a bid to save itself.

Manila  - Philippine President Gloria Macapagal Arroyo was caught off guard on Tuesday when her press secretary prayed for a possible extension of her term beyond 2010 as lawmakers debated on an impeachment complaint against her.

Arroyo and her cabinet often start their meetings with a prayer, which is led by different officials.

But the prayer by Press Secretary Jesus Dureza shocked Arroyo for touching on a sensitive political issue, with many critics warning of alleged plans for the president to hold on to power beyond the end of her term in 2010.

"We pray for the president, that she may have forbearance, good health and tolerance to lead this nation until 2010, and who knows, perhaps even beyond," Dureza said.

Manila  - Remittances from overseas Filipinos rose 17.1 per cent in the first nine months of the year despite a slowdown in major economies in the world, the government said Tuesday.

The central bank said remittances totalled 12.27 billion dollars from January to September, compared to 10.47 billion dollars in the same period last year.

In September alone, overseas Filipinos sent home 1.33 billion dollars, up 16.9 per cent from 1.13 billion dollars from a year ago.