Romina Marasigan, Public Affairs Chief and Spokesperson at the Philippines Office of Civil Defense, discusses the government's response to Typhoon Rammasun.» Read More
July 23- For other related diaries, please. WARSAW- Central Bank of Poland Marek Governor Belka speaks in parliament. MEXICO CITY- IMF presents its latest World Economic Outlook report- 1400 GMT.
BEIJING— A powerful typhoon killed one person and damaged several houses on the southern Chinese island of Hainan on Friday after claiming 54 lives in the Philippines. Typhoon Rammasun made landfall on Hainan southwest of Hong Kong at about 3:30 p.m. with winds as strong as 216 kph, the official Xinhua News Agency said.
SEOUL, July 18- South Korea will scrap caps on rice imports from 2015, potentially opening up the politically sensitive market to more imports from countries such as the United States and China, in a move that has been fiercely resisted by many farmers. Seoul said steep tariffs would be used to protect its farmers.
*South Korea has long been expected to switch to tariffs. SEOUL, July 18- South Korea will scrap caps on rice imports from the start of 2015, instead managing shipments into the country using a system of steep tariffs, the government said on Friday.
MANILA, Philippines— The World Bank said Tuesday that it and its private sector arm have committed concessional loans of up to $4.2 billion to the Philippines to help the country reduce poverty, create jobs and sustain growth as it recovers from the impact of a devastating typhoon and separatist rebellion.
MANILA, Philippines— Philippine President Benigno Aquino III said Monday that his administration would appeal a Supreme Court decision that declared his government's enforcement of a major economic stimulus program partly unconstitutional.
The Australian Bureau of Meteorology this week said Pacific Ocean surface temperatures are at levels associated with a weak El Nino, but the threshold for the weather event has not yet been breached. El Nino could bring dry weather to Australia, which is already struggling with a drought, and it could also curb its wheat, sugar and cotton production.
*Mitsubishi UFJ, CIMB and TPG among suitors- bankers. *Targets include Rizal Commercial Banking Corp- bankers.
MANILA, July 2- Sweating under their hard hats, renowned Polish architect David Libeskind and interior designers from Italy's Armani trooped to a construction site in sweltering, downtown Manila, to perform the ground breaking for a new tower in the Philippine capital.
*Vietnam, Thailand likely to be biggest supppliers of any extra imports. MANILA, June 27- The Philippines, one of the world's biggest rice buyers, will loosen restrictions on imports of the grain, potentially boosting opportunities for key suppliers in the region such as Vietnam and Thailand.
MANILA, June 20- The Philippines has taken emergency measures in a bid to head off a fast-spreading insect infestation threatening its coconut plantations, which if left uncontrolled could severely cripple the country's most valuable agricultural export.
June 19- For other related diaries, please. BEIRUT- Arab Economic Forum in Lebanon. SEOUL- South Korean Finance minister Hyun Oh- seok speaks at the Parliament session on recent events.
*Good news for producers such as Vietnam, Thailand. Bigger purchases by the world's fifth largest buyer of the grain would be good news for growers that typically supply the country such as Thailand and Vietnam. "It is likely that Indonesia will indeed import," said David Dawe, senior economist at the U.N.' s Food and Agriculture Organization in Bangkok.
*Energy World says its LNG import hub, power plant to start 2015. MANILA, June 9- Australia- listed Energy World Corp Ltd expects its nearly $1 billion liquefied natural gas hub and power plant in the Philippines to be running by early 2015, paving the way to a new market for imports of the super-chilled fuel.
TOKYO, June 4- A former employee of Universal Entertainment Corp filed a criminal complaint against Kazuo Okada, the Japanese firm's billionaire founder, alleging he ordered the payment of bribes to advance a still-unfinished casino project in the Philippines.
This appears to be the case with the increasingly confrontational situation between China and its neighbours over the South China Sea, with all sides still pressing claims unacceptable to each other. The latest flashpoint is the Chinese decision to position an oil drilling rig in the South China Sea in waters claimed by both China and Vietnam.
Kingsley Jones, Founder and CIO, Jevons Global, explains why the Philippines is still an attractive market despite expectations for lower first-quarter growth.
*Indonesia, Philippines at greatest El Nino risk- FAO. Malaysia and the Philippines are working to manage water supplies and India has bolstered its food stockpiles. They are aiming to reduce the impact of the so-called El Nino, a weather pattern that can bring drought to Australia, Southeast Asia and India.
*China says Vietnam making "irresponsible accusations" against it. *Vietnam, Philippines and Malaysia may meet on China later this month.
MANILA, May 22- Vietnamese Prime Minister Nguyen Tan Dung said his government was considering various "defense options" against China, including legal action, following the deployment of a Chinese oil rig to disputed waters in the South China Sea.