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Oil firms to hike fuel prices on Tuesday

After last week’s price cut, oil companies this week will raise the prices of petroleum products to reflect the movement of prices in the international market.
Gasoline prices will rise by P0.35 per liter, diesel by P0.55 per liter and kerosene by P0.80 per liter.
For most oil companies, price adjustment will take place at 6:00 a.m. on Tuesday, April 17.
This week’s increase follows last week’s price cut for both gasoline and diesel, at P0.40 and P0.30, respectively. Kerosene prices were unchanged last week. — Victor V. Saulon

OFW allegedly forced by Saudi employer to drink household bleach in ‘serious but stable’ condition — DFA

The Department of Foreign Affairs (DFA) is coordinating with authorities in Saudi Arabia following the hospitalization of a Filipino household service worker who was allegedly forced to drink household bleach by her employer.
In a statement issued Monday, April 16, the Philippine Consulate in Jeddah said Agnes Mancilla remained in serious but stable condition at the King Fahad Central Hospital in Jizan, Saudi Arabia.
“We would like to assure our kababayans that we are working closely with authorities in Jizan to make sure that justice will be given to Agnes Mancilla,” Consul General Edgar Badajos said. — Camille A. Aguinaldo

Remittance growth slows in February

Overseas Filipino workers (OFWs) sent more money home in February although at a slower pace from the previous month, the central bank reported on Monday, April 16.
Remittances totalled $2.267 billion for the month, up 4.5% from the $2.169 billion inflows tallied in February 2017, the Bangko Sentral ng Pilipinas (BSP) said. However, the figure slipped from the $2.379 billion cash transfers received in January.
February’s growth pace is likewise the slowest in three months since a two percent increase recorded in November, data showed.

Stocks continue decline on jitters over US-led strike on Syria

Local shares fell on Monday, April 16, as investors stayed on the sidelines amid growing concerns on the United States’ attacks against Syria.
The benchmark Philippine Stock Exchange index dropped 0.38% or 29.73 points to close at 7,870.25 on Monday, settling below the 8,000 mark for the second consecutive day. The broader all-shares index likewise lost 0.49% or 23.37 points to end at 4,771.28.
“The market traded in the red today after some initial strength in the morning following weakness in the US markets last Friday,” Papa Securities Corp. trader Gabriel F. Perez said in an email.
Concerns on the US’ military attacks against Syria dragged down Wall Street indices last Friday. Over the weekend, the US and its allies warned Syria of further missile attacks should it once again make use of chemical weapons, despite no signs of retaliation from Russia, Syria’s backer.
With this, the Dow Jones Industrial Average was down by 0.5% or 122.91 points to 24,360.14. The S&P 500 index edged 0.29% lower or 7.69 points to 2,656.30, while the Nasdaq Composite index slipped 0.47% or 33.6 points to 7,106.65.
Asian indices seemed unperturbed by the geopolitical tensions, with majority posting gains on Monday.
Back home, five sectoral indices suffered losses, led by services that shed 1.09% or 17.78 points to close at 1,617.88. Mining and oil followed with a 0.65% or 72.75-point decline to 11,096.06; holding firms dipped 0.53% or 41.61 points to 7,867.22; industrial went down 0.43% or 48.2 points to 11,208.38; while financials gave up 0.37% or 7.54 points to 2,021.09.
Property was the lone sectoral counter that went up, adding 0.28% or 10.03 points to 3,614.96.
Some 1.68 billion issues switched hands, translating to a value turnover of P4.77 billion, thinner than Friday’s P6.09 billion.
“Pullbacks on low volume are generally regarded as weak movements. So this shouldn’t be regarded as a definite sign that the index’s low and support of 7,834 will be breached tomorrow,” Papa Securities’ Mr. Perez said.
Decliners outpaced advancers, 130 to 68, while 49 issues remained unchanged.
Foreign investors turned buyers on Monday, netting purchases worth P139.71 million, reversing Friday’s net foreign outflows worth P829.5 million. — Arra B. Francia

Peso sinks on weaker remittance data

The peso weakened against the dollar on Monday, April 16, as the money sent home by Filipinos overseas was weaker than expected in February.
The local currency ended Monday’s session at P52.07 versus the greenback, 12 centavos weaker than the P51.95-per-dollar finish on Friday.
The peso opened the session stronger at P51.92, which was also its best showing for the day. During the day, it dipped to as low as P52.12 against the US currency.
Dollars traded slipped slightly to $518.1 million from the $522.65 million logged during the previous session.
“The peso broke from tight range as it ended weaker,” a trader said in a phone interview on Monday.
“I think it’s mostly on the back of the remittance data of the Philippines coming in weaker than expected.”
Data from the Bangko Sentral ng Pilipinas revealed that Filipinos abroad sent home more money in February, totaling $2.267 billion. This was 4.5% higher than the $2.169 billion inflows logged in the same month last year.
However, the 4.5% growth was lower than the 14.7% pickup as expected by the analysts at HSBC Global Research.
“The peso weakness is quite surprising because other currencies are seeing a weaker dollar. This is a specific move for the peso,” the trader added.
Meanwhile, another trader said that the peso weakened “amid safe-haven buying for the dollar following the escalation of geopolitical concerns on military activities in Syria during over the weekend.”
The White House announced that American, British and French military forces struck what is believed to be a chemical weapons facility in Damascus, Syria following a suspected gas poison attack.
In response, Russia vowed to respond to any attack on its ally, adding that the Syrian military had intercepted 71 of the missiles fired. — Karl Angelo N. Vidal

Russia’s Putin warns of global ‘chaos’ if West hits Syria again

MOSCOW/DAMASCUS — Russian President Vladimir Putin warned on Sunday that further Western attacks on Syria would bring chaos to world affairs, as Washington prepared to increase pressure on Russia with new economic sanctions.
In a telephone conversation with his Iranian counterpart, Hassan Rouhani, Messrs. Putin and Rouhani agreed that the Western strikes had damaged the chances of achieving a political resolution in the seven-year Syria conflict, according to a Kremlin statement.
“Vladimir Putin, in particular, stressed that if such actions committed in violation of the UN Charter continue, then it will inevitably lead to chaos in international relations,” the Kremlin statement said.
The US ambassador to the United Nations, Nikki Haley, told CBS’ “Face the Nation” program that the United States would announce new economic sanctions on Monday aimed at companies “that were dealing with equipment” related to Syrian President Bashar al-Assad’s alleged chemical weapons use.
On Saturday, the United States, France and Britain launched 105 missiles targeting what the Pentagon said were three chemical weapons facilities in Syria in retaliation for a suspected poison gas attack in Douma on April 7.
The Western countries blame Mr. Assad for the Douma attack that killed dozens of people. The Syrian government and its ally Russia have denied involvement in any such attack.
The bombings marked the biggest intervention by Western countries against Mr. Assad and ally Russia.
French President Emmanuel Macron said on Sunday that he had convinced US President Donald Trump, who previously said he wanted to take US forces out of Syria, to stay for “the long term.”
The United States, France and Britain have said the missile strikes were limited to Syria’s chemical weapons capabilities and not aimed at toppling Mr. Assad or intervening in the civil war. Macron said in an interview broadcast by BFM TV, RMC radio and Mediapart online news that he had convinced Mr. Trump to focus on the chemical weapons sites.
The White House pushed back against Macron’s comments about Mr. Trump’s intentions for US forces.
“The US mission has not changed — the president has been clear that he wants US forces to come home as quickly as possible,” White House spokeswoman Sarah Sanders said.
“We are determined to completely crush ISIS and create the conditions that will prevent its return.” she said. “In addition we expect our regional allies and partners to take greater responsibility both militarily and financially for securing the region.”
‘HARD FOR US’
Responding to Ms. Haley’s remarks about the plans for new sanctions, Evgeny Serebrennikov, deputy head of the defence committee of Russia’s upper house of parliament, said Moscow was ready for the penalties, according to RIA news agency.
“They are hard for us, but will do more damage to the USA and Europe,” RIA quoted Mr. Serebrennikov as saying.
In Damascus, Syria’s deputy foreign minister, Faisal Mekdad, met inspectors from the global chemical weapons watchdog OPCW for about three hours in the presence of Russian officers and a senior Syrian security official.
The inspectors were due to attempt to visit the Douma site. Moscow condemned the Western states for refusing to wait for the OPCW’s findings before attacking.
Mr. Mekdad declined to comment to reporters waiting outside the hotel where the meeting took place.
Mr. Assad told a group of visiting Russian lawmakers that the Western missile strikes were an act of aggression, Russian news agencies reported.
Russian agencies quoted the lawmakers as saying that Mr. Assad was in a “good mood,” had praised the Soviet-era air defence systems Syria used to repel the Western attacks and had accepted an invitation to visit Russia at an unspecified time.
Mr. Trump had said: “Mission accomplished” on Twitter after the strikes, although US Lieutenant General Kenneth McKenzie at the Pentagon acknowledged elements of the program remained and he could not guarantee that Syria would be unable to conduct a chemical attack in the future.
Russian and Iranian military help over the past three years has allowed Mr. Assad to crush the rebel threat to topple him.
Although Israel has at times urged stronger US involvement against Mr. Assad and his Iranian and Lebanese Hezbollah reinforcements in Syria, it voiced backing for Saturday’s air strikes by Western powers.
The leader of Lebanon’s Hezbollah said on Sunday that Western strikes on Syria had failed to achieve anything, including terrorizing the army, helping insurgents or serving the interests of Israel.
Sayyed Hassan Nasrallah said the US military had kept its strikes limited because it knew a wider attack would spark retaliation from Damascus and its allies and inflame the region.
“The American (military) knows well that going towards a wide confrontation and a big operation against the regime and the army and the allied forces in Syria could not end, and any such confrontation would inflame the entire region,” Mr. Nasrallah said.
The heavily armed, Iranian-backed Shi’ite Hezbollah movement, which fights alongside the Syrian army and is represented in the Beirut government, has been a vital ally of Damascus in Syria’s war.
France, the United States and Britain circulated a draft resolution to the UN Security Council late on Saturday that aims to establish an independent inquiry into who is responsible for chemical weapons attacks in Syria.
The mechanism would look at cases where the OPCW fact-finding mission has established chemical weapons were used or likely used.
Diplomats said negotiations on the draft resolution would begin on Monday and it was not immediately clear when the United States, France and Britain wanted to put it to a vote. — Reuters

Demonstrators flood Barcelona streets in support of jailed separatist leaders

BARCELONA — Hundreds of thousands of Catalan independence supporters flooded the streets of Barcelona on Sunday calling for the release of jailed separatist leaders after a supreme court ruling frustrated their latest attempt to elect a regional leader.
Around 350,000 demonstrators clogged several main city arteries waving flags and wearing yellow in support of separatist leaders jailed for their role in the wealthy region’s banned drive to split from Spain last year.
Among the politicians facing charges of rebellion is Jordi Sanchez, the latest candidate put forward by Catalan lawmakers to become leader of the region.
Catalonia’s struggle to find a leader began after it declared independence in October. Spanish courts ruled the declaration was illegal, took direct control of the region and called for new elections.
Supreme court judge Pablo Llarena refused last week to release him from jail and he faces up to 25 years on charges of rebellion, marking the latest of four unsuccessful attempts to elect a new leader.
DEADLINE
If a new leader is not named before the end of May, Catalonia will be forced to call another election.
In his first interview since a German court ruled that he would not be extradited to Spain to face charges of rebellion, former Catalan leader Carles Puigdemont said that the region should avoid returning to the polls.
“It’s our obligation to look for a way to avoid further elections,” Mr. Puigdemont said in an interview with Catalan television TV3 that was recorded in Berlin and broadcast late on Sunday.
“But there is not a zero risk of this happening because there is another party involved, and that’s the Spanish government.” — Reuters

Japan’s, China’s foreign ministers pledge to pursue improved ties

TOKYO — Japanese Foreign Affairs Minister Taro Kono and his Chinese counterpart have pledged to improve ties between their nations and affirmed a commitment to stick with United Nations resolutions aimed at forcing North Korea to abandon nuclear weapons.
Mr. Kono met the Chinese government’s top diplomat, State Councillor Wang Yi, in Tokyo on Sunday, having made his own official visit to Beijing earlier this year.
Mr. Wang is the first Chinese foreign minister to visit Japan in a bilateral context in the nine years. Japanese Prime Minister Shinzo Abe and Chinese President Xi Jinping last year promised to reset the sometimes fraught relations between Asia’s two largest economies.
“Through mutual visits between our two leaders we agreed to pursue wide-reaching cooperation and improved ties,” Mr. Kono said after Sunday’s meeting.
Economic ties between Japan and China are close, led by corporate investment. The neighbors remain at odds, however, over China’s growing military presence in the South China Sea, through which much of the region’s sea-borne trade sails, and a dispute over ownership of uninhabited islets in the East China Sea, known as the Senkaku in Tokyo and the Diaoyu in Beijing.
Mr. Wang said his visit was in response to Japan’s positive attitude towards China.
“Since last year Japan has, in relations with China, displayed a positive message and friendly attitude,” he said.
The talks came ahead of a summit between the two Koreas this month and a meeting between North Korean leader Kim Jon Un and US President Donald Trump. The US-North Korea talks are aimed at ending a stand-off over Pyongyang’s development of nuclear weapons and ballistic missiles.
“To establish a complete, irreversible and verifiable denuclearization of North Korea we agreed to continue to fully implement all relevant UN resolutions and to work closely together,” Mr. Kono said.
Mr. Wang, who spent eight years in Japan as a diplomat, including three as China’s ambassador, is scheduled to hold further talks with Mr. Kono and other Japanese Cabinet ministers on Monday.
On Tuesday Japanese Self Defense Force officers will meet counterparts from China’s People’s Liberation Army at a reception hosted by the Sasakawa Peace Foundation in an effort to build trust between the military rivals. — Reuters

ConCom: CHR to become independent body in proposed federal government

The Consultative Committee (ConCom) tasked to review the 1987 Constitution, voting 16-1-1, ruled en banc to elevate the Commission on Human Rights (CHR) as an independent constitutional body in the proposed federal government.
Declaring the CHR as a constitutional body would strengthen its investigative powers and expand membership to include representatives from the marginalized sectors, indigenous peoples, and environmental advocates. — Camille A. Aguinaldo

Trudeau gov’t moving to resolve pipeline row

OTTAWA, Canada — Prime Minister Justin Trudeau said Sunday his government is holding “financial discussions” and weighing legislation to help resolve a high-stakes clash between two Canadian provinces over a major pipeline project.
The dispute has oil-rich Alberta boycotting trade with British Columbia over its environment-based opposition to the Trans Mountain pipeline.
The spat has raised fears of a constitutional crisis, and Mr. Trudeau’s own political future may be at stake. He interrupted a trip to Peru, France and Britain on Sunday to return to Ottawa to mediate the spat.
The project, which would triple the pipeline’s capacity to carry Alberta’s oil sands to port in Vancouver, is opposed by British Columbia’s government, ecologists and indigenous groups who warn of a possible environmental disaster in the event of a leak.
Mr. Trudeau’s Liberal government in 2016 approved the expansion project, aimed at helping landlocked Alberta ship its oil sands to the Pacific coast and then to overseas markets.
“I have instructed the minister of finance to initiate formal financial discussions with (Texas energy company) Kinder Morgan… to remove the uncertainty overhanging the Trans Mountain pipeline expansion,” Mr. Trudeau said Sunday.
Kinder Morgan recently suspended its pipeline work amid the intense political uncertainty, saying it would drop the project if the parties fail to resolve their differences by May 31.
“We are actively pursuing legislative options that will assert, plus reinforce, the government of Canada’s jurisdiction in this matter, which we know we clearly have,” Mr. Trudeau said.
He has insisted that the pipeline falls under federal purview and that British Columbia has no right to block it.
Mr. Trudeau needs the support of British Columbia voters to win a second term next year. But the hit to the economy if the pipeline isn’t built could also have devastating effects at the ballot box. At the same time, Mr. Trudeau needs Alberta aboard to meet his international climate commitments.
Mr. Trudeau emphasized that the pipeline represented a “vital strategic interest” for Canada and insisted “it will be built.”
But in a statement after Mr. Trudeau’s remarks, environmental nonprofit Greenpeace said the project “isn’t going anywhere.” The organization said “[b]ailing out failing projects, strong-arming indigenous communities by ignoring their right to consent, and bypassing calls for science-based decision making are ways to create a crisis, not solve one.”
Mr. Trudeau made his comments in a news conference following a meeting with premier Rachel Notley of Alberta and her British Columbian counterpart, John Horgan.
“My responsibility is to defend our coasts and to defend the interests of British Columbians, and I’ll do that until I’m no longer the premier,” Mr. Horgan said, while Ms. Notley said her government had begun “significant conversations with Kinder Morgan around the financial arrangements that will make sure that it gets done.” — AFP

Trump ‘morally unfit’ for office, fired FBI chief Comey tells ABC

WASHINGTON — Donald Trump is “morally unfit” to be president of the United States, former FBI director James Comey told ABC in an interview broadcast on Sunday.
“I don’t buy this stuff about him being mentally incompetent or early stages of dementia,” Mr. Comey said of Trump, according to a transcript from ABC.
“I don’t think he’s medically unfit to be president. I think he’s morally unfit to be president,” he added.
“Our president must embody respect and adhere to the values that are at the core of this country. The most important being truth. This president is not able to do that.”
Mr. Trump fired Mr. Comey in May 2017, citing the FBI’s behavior in investigating Democrat Hillary Clinton and its probe into possible Trump campaign collusion with Russia to tilt the 2016 presidential election.
Just 11 days before the election, Comey announced that the FBI would reopen an investigation into Clinton’s possible misuse of a private e-mail server while she was secretary of state — a move she has said played a part in her loss to Trump.
The president lashed out at Mr. Comey in a series of tweets earlier Sunday, saying that the e-mail probe was handled “stupidly” and calling Comey a “slime ball.” — AFP

PM Abe’s falls in media polls amid scandal woes

TOKYO — Support for Japanese Prime Minister Shinzo Abe, plagued by accusations of cronyism and cover-ups, fell to 26.7% in a survey by Nippon TV released on Sunday, the lowest since he took office in December 2012.
Mr. Abe’s sliding ratings are raising doubts over whether he can win a third three-year term as ruling Liberal Democratic Party leader in a September vote he needs to win to stay in office or whether he might even resign before the party election.
Mr. Abe last week denied again that he intervened to ensure preferential treatment for educational institution Kake Gakuen, run by his friend Kotaro Kake, to set up a veterinary school. He has also denied that he or his wife intervened in a heavily discounted sale of state-owned land to another school operator, Moritomo Gakuen, with ties to his wife.
Another survey released on Sunday by Kyodo news agency put Mr. Abe’s support at 37%, down 5.4 points. The polls come ahead of Mr. Abe’s summit this week with US President Trump, where he faces a tough agenda including North Korea’s threat and sticky trade issues.
Former cabinet minister Shigeru Ishiba, who has said he wants to challenge Mr. Abe, topped the list of politicians that respondents to the Kyodo survey saw as best suited to become the next premier, with 26.6%. — AFP