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In Brief

In Brief

South Korea to lend Philippines US$300m
MANILA, Philippines
South Korea will be lending 300 million dollars to the Philippines over the next two years to finance major infrastructure and aid projects, the Philippine foreign department said Friday.
Seoul's Economic Development Cooperation Fund loans will support projects in transportation, environment, sanitation, health, information technology, education and energy in 2008 and 2009, the department said in a statement.
"The EDCF assistance will give the Philippine government wider berth and more options to finance urgent and critical projects," Philippine Foreign Secretary Alberto Romulo said.
Manila has been receiving South Korean aid through the fund since 1988.
Equipment burned
MANILA, Philippines
Communist insurgents raided a construction site in the Philippines, burning equipment being used to build a road in a rural area of the Philippines, a military official said yesterday.
The raid by the New People's Army in San Francisco town on December 26 followed a two-day Christmas truce on December 24 and 25.
About 20 NPA rebels burned a bunk house, a road compactor and a grader after the town mayor refused their extortion demands, said regional military spokesman Major Randolph Cabangbang.
He accused the rebels of extorting money "at the expense of the people who would have benefitted from the project."
The military earlier declared a unilateral three-week holiday ceasefire, starting on December 16 but the 6,000-strong Maoist guerrilla movement said their ceasefire would only last from December 24 to 25 and December 31 to January 1.
President Gloria Arroyo wants the NPA, which has been waging a low-level armed campaign since March 1969, to be defeated in key provinces around Manila when her six-year term ends in June 2010.
Filipinos spared
MANILA, Philippines
Nineteen Filipinos condemned to death for crimes committed in other countries have been spared from the gallows over the past two years, Philippines President Gloria Arroyo's office said Tuesday.
Of the 52 Filipinos sentenced over the same period to capital punishment, 19 had their sentences commuted, the presidential palace said in a statement.
Six have been sent home from the Middle East while the seventh arrived here from Malaysia in August.
The group are among some eight million Filipinos, some nine percent of the country's population, who work abroad.
The government expects the overseas work force to remit a record US$14 billion in salaries back to the Philippines this year.


Updated : 2021-06-24 07:51 GMT+08:00