Manila

Asian Development Bank triples capital base amid global crisis

Asian Development Bank triples capital base amid global crisis Manila  - The Asian Development Bank (ADB) said Thursday it was tripling its capital base to 165 billion dollars to allow it to respond to the global economic crisis.

The Manila-based ADB said its Board of Governors approved the increase from the current capital base of 55 billion dollars days before an annual meeting in Bali, Indonesia starting on Saturday.

Communist rebels abduct soldier in southern Philippines, army says

PhilippinesManila - Communist rebels abducted a Philippine army soldier who visited a clinic for a medical check-up in a southern province, an army spokesman said Wednesday. Troops have been dispatched to rescue Private Ronnie Trinidad from the guerrillas in Compostela Valley province, 930 kilometres south of Manila, Lieutenant Franco Ver Lopez said.

Trinidad went to a clinic in New Bataan town Tuesday after experiencing stomachaches and was accompanied by another soldier, who bought supplies for their battalion, Lopez said.

Scantily clad animal-rights activists protests in Philippine zoo

Scantily clad animal-rights activists protests in Philippine zoo Manila - Scantily-clad women demonstrated Tuesday in front of the Manila Zoo in the Philippine capital against cruel treatment of animals in the 50-year-old, government-run facility. The activists from the People for the Ethical Treatment of Animals (PETA) carried red heart-shaped placards reading "Love the Animals, Boycott the Zoo" and "Have a Heart, Boycott the Zoo" amid watchful eyes of police officers and news photographers.

Asia-Pacific ministers concerned over swine flu impact on travel

Asia-Pacific ministers concerned over swine flu impact on travel Manila- Asia-Pacific transport ministers on Tuesday expressed concern over the possible impact of a deadly swine flu outbreak on global travel and agreed to undertake "urgent steps" to prevent the spread of the disease. Philippine Transportation Undersecretary Elena Bautista said officials and representatives of the 21 Asia-Pacific Economic Conference (APEC) economies called for greater cooperation to ensure public safety.

Three communist rebels killed in clash in Philippines

Bomb explosion kills one in southern Philippine resort Manila - Three communist rebels were killed Tuesday in a clash with government troops in an eastern Philippine province, an army spokesman said. Major Armand Rico said soldiers were dispatched to a remote village in Palapag town in Northern Samar province, 465 kilometres south-east of Manila, to check on reports of rebel extortion.

The firefight erupted when the soldiers caught up with at least 40 rebels, Rico said.

Asian Development Bank to help Pacific region weather crisis

Asian Development Bank to help Pacific region weather crisis Manila - The Asian Development Bank said Tuesday it has approved a 3.5-million-dollar technical assistance grant to help the Pacific region weather the impacts of the global economic crisis.

The Manila-based ADB said the grant aims to improve economic management in the region.

It will fund the development of the Pacific Economic Monitor that will compile data and economic analysis of the global impact of the economic crisis.

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