Senate wants custody of Sen. Trillanes

PASAY CITY – The Senate has adopted a resolution seeking the transfer of the custody over detained Sen. Antonio Trillanes IV from the Philippine National Police to the Senate so he can work as senator.
Under the 14th Congress, Trillanes, who has  been detained since 2003, filed 347 bills and resolutions, 19 of which were enacted [...]

RP gov’t eyes maximum of US$ 3B debt swap

MANILA – The Philippines eyes to swap up US$ 3 billion worth of bonds before the end of 2010.
Earlier, Finance Secretary Cesar Purisima said they have requested for the approval of central bank’s policy-making Monetary Board (MB) for the planned bond swap.
Purisima declined to give figures on how much they want to swap this year [...]

Margarito gets clearance to fight Pacquiao in Texas

DALLAS, Texas – Former welterweight champion Antonio Margarito has secured the go signal to return to the boxing ring, paving the way for his match with Filipino world boxing icon Manny Pacquiao on Nov. 13.
Margarito got his clearance from the Texas Department of Licensing and Regulation.
Pacquiao will fight for his eighth belt in the junior [...]

P1.64 trillion budget submitted to Congress

QUEZON CITY – Malacanang has officially submitted to Congress the proposed P1.645 trillion national budget for 2011, which is P104 billion more or 6.8 percent higher than this year’s budget.
Budget and Management Secretary Florencio Abad handed the proposed 2011 Budget of Expenditures and Sources of Financing and details of the spending plan to Speaker Feliciano [...]

9 HK tourists killed as ex-cop holds 25 in bus as hostages Chinese officials ‘disappointed’ by PNP handling

By JACQUI RICCI and FRANCO G. REGALA
MANILA – At least eight tourists from Hong Kong were killed Tuesday in a 10-hour standoff staged by a dismissed Manila policeman who held hostage 25 passengers of a tourist bus infront of the Quirino Grandstand in Manila.
Former Senior Insp. Rolando Mendoza, armed with an M-16 Armalite rifle and [...]