Trouble on the labor front? Workers of Triumph International-Philippines, the largest undergarment manufacturer in the country, throw bras and panties into the air during a protest at a Triumph International warehouse in Makati. The protesters demand an increase in wages and benefits in light of the global financial crisis.
PHOTO BY REUTERS
Gloria’s $10B bailout
fund is news to WB Palace: Oops, ’t’was IMF which
gave pledge
BY JOCELYN MONTEMAYOR
PRESIDENT Arroyo left people puzzled
yesterday after countries and institutions said they were
unaware of a plan she announced to set up a regional fund to
deal with the global financial turmoil.
Arroyo said on Wednesday the World Bank had
committed to initially provide $10 billion to a fund to buy
toxic debt and help banks in the region hit by the financial
crisis.
Arroyo said the 10-member Association of
Southeast Asian Nations, its three dialogue partners of Japan,
China and South Korea, the Asian Development Bank and the
International Monetary Fund could also contribute to the fund.
AT least 13 Moro Islamic Liberation Front
rebels died while 30 others were wounded air strikes on a rebel
position in Datu Piang town in Maguindanao Wednesday, the
military said yesterday.
A soldier died yesterday after rebels
attacked a military detachment in North Cotabato.
Maj. Randolph Cabangbang, spokesman of the
military’s Eastern Mindanao Command, said troops did not recover
any body after the air strikes.
PNP chief Jesus Verzosa yesterday ordered
that all foreign travels of police personnel be suspended
pending a review of policies on travels outside the country.
Verzosa’s order came after former PNP
comptroller Director Eliseo dela Paz and his wife were held in
Moscow on Saturday for carrying 105,000 euros (P6.93 million) in
cash as they were about to board their plane on the way home
after attending an Interpol meeting.
Russia requires visitors to declare foreign
exchange of more than $10,000 on arrival so that on their way
out they would have proof they are not taking foreign exchange
out of the country.
