12 August 1987 Reuters News English (c) 1987 Reuters Limited MANILA, Aug 12, Reuter – About 500 families were evacuated today from the central Philippine city of Legaspi as Typhoon Betty, threatening to be the strongest to hit the country since 1964, approached with wind speeds of up to 220 km (140 miles) an hour. …
13 August 1987 Reuters News English (c) 1987 Reuters Limited MANILA, Aug 13, Reuter – President Corazon Aquino was not kept fully Informed throughout a prolonged dispute between the Philippines and a consortium of Western banks, Finance Secretary Jaime Ongpin told Reuters in an interview today. The dispute Involved a commercial debt incurred by a private fertiliser…
13 August 1987 Reuters News English (c) 1987 Reuters Limited MANILA, Aug 13, Reuter – Typhoon Betty slammed into the central Philippines today, killing a boy, blowing down power lines and damaging crops, but the weather office said the storm was veering away from Manila. A spokesman for the Philippine Red Cross said a six-year-old boy…
18 August 1987 Reuters News English (c) 1987 Reuters Limited MANILA, Aug 18 – Foreign companies will be allowed to list their stock on the two stock exchanges In Manila in a move expected to attract foreign investors, Securities and Exchange (SEC) Commissioner Monico Jacob told Reuters. Jacob said the decision followed an Inquiry by…
20 August 1987 Reuters News English (c) 1987 Reuters Limited MANILA, Aug 20 – Last week’s 20 pct rise in the prices of petrol, diesel and fuel oil in the Philippines is likely to cause a small increase in inflation, analysts told Reuters. Omar Cruz, a senior economist at the independent Center for Research and…
21 August 1987 Reuters News English (c) 1987 Reuters Limited MANILA, Aug 21 – Elders Finance, a division of (Elders IXL Ltd), is interested in buying a minority stake in either Union Bank of the Philippines or the Philippine Commercial International (PCI) Bank as part of a major thrust into the country, banking sources said. They…
25 August 1987 Reuters News English (c) 1987 Reuters Limited MANILA, Aug 25, Reuter – A major coalition of Philippine landowners today labelled President Corazon Aquino’s land reforms “communistic” and said violence might erupt if the program was pushed through. “This is a polarisation of classes,” Eduardo Hernandez, chairman of the Council of Agricultural Producers,…
28 August 1987 Reuters News English (c) 1987 Reuters Limited MANILA, Aug 28, Reuter – Buildings blazed and streets shook in Manila today in the capital’s heaviest fighting since World War Two. “Advance, advance,” civilian spectators shouted to soldiers backing Corazon Aquino as they moved on comrades-in-arms dedicated to overturning the president’s government. Gunfire cracked and…
31 August 1987 Reuters News English (c) 1987 Reuters Limited MANILA, Aug 31 – Manila’s stock markets held steady in the first session after Friday’s coup attempt, but businessmen and analysts polled by Reuters said the most serious threat so far to President Corazon Aquino’s rule was a warning to her to quickly assert control of…
4 September 1987 Reuters News English (c) 1987 Reuters Limited MANILA, Sept 4, Reuter – President Corazon Aquino said on Friday democracy had taken one step forward and two steps back since she took power in the Philippines but vowed to continue fighting for her ideals. Ringed by tight security, the embattled leader visited military…
Chaitanya Kalbag MANILA, Sept 4, Reuter – Low pay and poor working conditions have fuelled unrest in the Philippine military and laid the ground for further coup attempts, analysts said on Friday. “Most soldiers barely manage to survive,” a Western military attache told Reuters. “Housing is almost non-existent, except for senior officers. Privates are forced…
9 September 1987 Reuters News English (c) 1987 Reuters Limited MANILA, Sept 9, Reuter – The Philippine cabinet resigned on Wednesday, giving President Corazon Aquino a free hand to reorganise her government as she faces the worst domestic crisis of her 18-month rule. The mass resignation by 26 government ministers mirrored an identical move last…
25 September 1987 Reuters News English (c) 1987 Reuters Limited MANILA, Sept 25 – The Philippines’ recent debt restructuring hangs in the balance after a Senate panel ruled that an executive order issued by President Aquino in July should be repealed. That order allowed the government to take over a loan made to a private…
Chaitanya Kalbag MANILA, Dec 15, Reuter- South-East Asia’s leaders cemented their alliance on Tuesday, ending a summit meeting with a declaration short on political contention and long on the urgency of forging economic unity. Political analysts said the smooth passage of the two-day Manila summit of the Association of South East Asian Nations had also served…