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Aquino signs “pork barrel-free” P2.606 trillion nat’l budget

President Aquino signed on Tuesday the “pork barrel-free” 2015 national budget worth P2.606 trillion. “Patuloy ang ating paninindigan: Wala na sa ating budget ang PDAF o Priority Development Assistance Fund, na naging instrumento ng pangungulimbat ng ilang mapagsamantala,” he said in his speech during the signing ceremony. President Aquino noted that enacting the 2015 national budget “on time” is now the new “normal.” “Sa ikalimang pagkakataon, naipasa natin sa tamang oras ang budget para sa […]

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ASEAN Financial Integration: Challenges and Prospects

(Eagle News Service) — The ASEAN integration economic blueprint envisions the establishment of a single market and production base, a highly competitive economic region, a region of equitable economic development, and a region fully integrated into the global economy.  Among components identified are improved market access within the region, investment facilitation, establishment of a single aviation market and financial integration.  Financial integration involves the banking sector and the financial markets. In this connection, there is […]

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More Americans disapprove of Sony film cancellation: Reuters/Ipsos poll

(Reuters) – Nearly half of Americans believe Sony Pictures made the wrong decision by canceling the theatrical release of the comedy “The Interview,” the film that provoked a cyberattack on the studio, according to a Reuters/Ipsos poll released on Monday. Forty-seven percent of respondents said they disagreed with Sony scrapping the film last Wednesday, after several movie theater chains chose not to screen the raunchy satire that depicts the assassination of North Korean leader Kim […]

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UN Security council discusses Nokor human rights

The UN Security Council today kicked off a debate on human rights in the Peoples’ Democratic Republic of Korea, with a call that a case be referred to the International Criminal Court. Ivan Šimonović. Assistant Secretary-General for Human Rights, said, “Rarely has such an extensive charge-sheet of international crimes been brought to this Council’s attention.” Šimonović said a UN-backed report before the council had reported, “Victims of extermination. Of murder, enslavement and torture. Of rape, […]

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North Korea’s Internet links restored amid U.S. hacking dispute

North Korea, at the center of a confrontation with the United States over the hacking of Sony Pictures, experienced a complete Internet outage for hours before links were restored on Tuesday, a U.S. company that monitors Internet infrastructure said. New Hampshire-based Dyn said the reason for the outage was not known but could range from technological glitches to a hacking attack. Several U.S. officials close to the investigations of the attack on Sony Pictures said […]

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With New Fiberglass Bancas, Fishers No Longer Fear the Sea

“My father has always been a Pescador, our term for fishermen,” says Cocoy Garcia, a 38-year old fisher, as we strolled around his stilt village in Culion, Northern Palawan. “I was nine when he first took me out. We caught baskets of squid that first night, lured in by the glow of our petromax lamp.” Together, Cocoy and his father fished for decades. The old Pescador taught his son the age-old skills of the sea […]

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Cyber attack of NoKor is not an Act of War – Obama

United States President Barack Obama said that the massive hacking of Sony Pictures was “not an act of war” on North Korea which it suspected for hacking the controversial movie, “The Interview.” For several years now, North Korea has been on the radar of the U.S. long been on the wrong side of the United States.  Whatever tension there was between the two has just become more severe. The recent massive hacking of movie giant, […]

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Raspy-voiced British soul singer Joe Cocker dies at 70

Raspy-voiced, Grammy-winning singer Joe Cocker, best known for his cover of the Beatles’ “With A Little Help From My Friends” and “You Are So Beautiful,” has died, his agent said on Monday (December 22, 2014). He was 70. The death was confirmed by Marshall Arts, the company of Cocker’s agent, Barrie Marshall, in England, which gave no other details. Cocker was born in Sheffield, England, and worked as a gas fitter while pursuing a singing […]

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Top firms’ greenhouse gas emissions rise, despite call for cuts

Greenhouse gas emissions by the world’s top 500 companies rose 3.1 percent from 2010 to 2013, far off the cuts urged by the United Nations to limit global warming, a study showed on Monday. The top 500 firms by capitalisation accounted for 13.8 percent of world greenhouse gas emissions and 28 percent of gross domestic product in 2013, according to the report, drawn up by the information provider Thomson Reuters and BSD Consulting, a global […]

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Nokor wants joint U.S.-Nokor investigation into Sony hack, U.S. calls it “absurd”

(Reuters) – Washington’s U.N. envoy on Monday dismissed as absurd North Korean demands for a joint U.S.-North Korean investigation of the hacking of Sony Pictures and threats of retaliation if the United States refused. “It is exactly the kind of behavior we have come to expect from a regime that threatened to take ‘merciless countermeasures’ against the U.S. over a Hollywood comedy, and has no qualms about holding tens of thousands of people in harrowing […]

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Oil slides as Saudi Naimi tells market to forget OPEC cuts

(Reuters) – Oil prices resumed their downward march on Monday, doubling back on the biggest one-day gain in over two years, after Saudi Arabia’s powerful oil minister said OPEC would not cut production at any price. After a weekend of comments from several Gulf OPEC members reiterating their intent not to intervene in oil markets despite oil prices that have halved since June, Ali al-Naimi told the Middle East Economic Survey it was “not in […]

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