Manila

New impeachment complaint filed against Philippine leader

Manila -Philippines President Gloria Macapagal Arroyo Activists filed on Monday a new impeachment complaint against President Gloria Macapagal Arroyo, the fourth in the past four years.

The complaint was filed before the House of Representatives secretary-general's office by the anti-corruption group Black and White Movement and leftist labour group May First Movement.

The complaint sought the ouster of Arroyo for betrayal of public trust for allegedly allowing the government to enter into a corruption-tainted 330-million dollar national broadband project with Chinese firm ZTE

Two communist rebels killed in clash in southern Philippines

PhilippinesManila - Two communist rebels were killed Monday in a clash with government troops in the southern Philippines, a regional military spokesman said.

Major Armand Rico said the fighting erupted when communist rebels attacked before dawn an army outpost in Pantukan town in Compostela Valley province, 990 kilometres south of Manila.

Rico said one pro-government militiaman was wounded in the fighting that lasted for more than three hours.

Troops recovered three assault rifles, one hand grenade and a radio transceiver left behind by the fleeing rebels.

Philippine leader pushes for charter changes to boost economy

PhilippinesManila- Philippine President Gloria Macapagal Arroyo on Friday pushed for amendments to the country's constitution in a bid to boost the local economy amid the financial meltdown in the United States.

Philippine shares plunge 8.33 per cent

Philippine shares plunge 8.33 per centManila - Philippine shares plunged 8.33 per cent on Friday in a sell-off triggered by continued decline in stock markets around the world.

The Philippine Stock Exchange 30-share composite index lost 190.64 points to close at 2,097.80 from Thursday's finish of 2,288.44.

A total of 2.74 billion shares valued at 3.02 billion pesos (64.25 million dollars) were traded.

Losers swamped gainers, 135 to 7, with 12 issues unchanged.

Philippine oil field commences production

PhilippinesManila- The Philippines said Thursday it started extracting oil from its offshore Galoc oil field, a welcome development in the country struggling with high fuel prices.

Presidential Executive Secretary Eduardo Ermita described the output in the Galoc oil field off Palawan province, 600 kilometres south-west of Manila, as "light medium crude oil with a potential high yield of light ends such as gasoline."

"The fresh extracts were put onboard a Philippine vessel en route to our local refineries," he said.

Four Muslim rebels killed in battle in southern Philippines

Manila  - Four Muslim secessionist rebels were killed Wednesday in a clash with government troops in the southern Philippines, a military report said.

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