|
| HEADLINES |
|
By Carmel Crimmins,Reuters Monday, May 05, 2008
MANILA, Philippines -- The Philippines scrapped its largest rice tender of the year Monday and said it preferred to hold back importing until prices fall, sending a signal to world grain markets that rice prices might have peaked.
Manila's willingness to wait could give some breathing space to importers scrambling for cargoes in recent weeks. Prices have trebled this year with world stocks at record lows and strong demand.
Leaders attending the annual meeting of the Asian Development Bank (ADB) in Madrid warned Sunday the region was at risk of undoing a decade of gains because of soaring food prices that could also spark social unrest.
"We feel that we are not pressured to buy now," said Ludovico Jarina, deputy administrator of Manila's National Food Authority, (NFA), the state's grain importing arm.
The Philippines, the world's top rice importer, said prices were on a downward trend and, after cancelling a tender for 675,000 tons of the grain, said it could wait until later this year, possibly the third quarter, to return to the market.
Jarina officially declared Monday's eagerly-awaited tender a failure after Vietnam's state-owned Vinafood II, the sole participant, failed to supply a bank guarantee.
read full story
view comments |
|
|
|
| |
| OTHER HEADLINES |
|
Coroner confirms body found is that of Nikki Ruiz |
|
Congress ratifies cheaper medicines bill |
|
Emergency powers sought for Arroyo |
|
Criminal prosecution of 11 Sentosa nurses in NY halted
|
|
6 Filipino seafarers among 30 seized off Somalia -- DFA |
|
US firm accused of holding back wages of Filipinos |
|
Sumilao exodus ends; now the planting begins
|
|
NFA sells 1-kg rice packs to retailers |
|
Filipina sentenced to death in Kuwait |
|
Singapore court blocks Marcos funds transfer to Philippines
|
|
| |
| MORE NEWS |
|
| BUSINESS |
|
Is there a rice shortage or a rice crisis? |
|
BSP ends ’07 with net loss of P87B |
|
Iloilo homestore becomes tourist attraction |
|
‘Ukay’ fashion goes e-Bay |
|
Borrowing from relatives |
|
Housing, office space markets seen remaining firm |
|
Steel as green material |
|
SM Prime to acquire 3 malls in China |
|
Pinakurat: Vinegar that surprises
|
|
Mom-daughter team makes malunggay tea |
|
|
| OPINION |
|
A soldier's last testament lives on |
|
Pedophilia: Southeast Asia's sordid secret |
|
Historical irony
|
|
Filipino concept finds new homes abroad |
|
Setting free a predator |
|
|
| HEALTH |
|
Couch-potato kids run risk of heart disease as teens--study |
|
Baby boys more likely to die than girls -- study |
|
Filipino kidneys cheapest in world black market, says NGO
|
|
Death and mortality |
|
Viagra still going strong 10 years on
|
|
Vitamin D supplements cut risk of child diabetes--study
|
|
Pacemakers at danger from hackers – study |
|
Fasting not only holy, it’s age-defying healthy |
|
Watchful wait or vaccinate? |
|
Experimental anti-HIV gel safe, tolerable for women--study |
|
|
| ENTERTAINMENT |
|
Bob Dylan wins Pulitzer prize |
|
Hip-hop artist apl.de.ap gives back |
|
RP indie gets $500,000 deal |
|
Edu’s dream ‘Papaya’ dancers |
|
Screen veterans act out of the box |
|
A ‘Desperate Housewife’s’ real life |
|
Beyond ratings |
|
Amber Patterson to Appear in Opera San Jose Production |
|
Charlize Theron on the Oscar ‘curse’
|
|
‘Inang Yaya’ takes the bronze in Cairo |
|
|
| LIFESTYLE |
|
Masbate: center of the Philippine archipelago |
|
A new you this summer
|
|
2 Filipinas make it to Elle Décor
|
|
RP’s first landscape architect creates beauty in spaces |
|
The ultimate "facelift" |
|
Initiative |
|
Remodeling the self |
|
Happy Slip in the Philippines |
|
Follow the feeling |
|
No saint, but ‘not the devil’ |
|
|
| WOMEN IN FOCUS |
|
Women in micro-enterprises, the unsung entrepreneurs |
|
Female stars kick off new global poverty campaign
|
|
Filipina running for congressional seat in South Korea--DFA
|
|
Why more women are topping the bar |
|
I just wanted to pass, says bar topnotcher |
|
Sister Vic: Unsung hero in farmers’ 11-year saga |
|
Tête-a-tête with Tessie Sy
|
|
Power Woman
|
|
Filipina wins science award for ‘black holes’ |
|
Ex-prisoner finds new life as religious writer |
|
|
| REAL ESTATE |
|
Existing-Home Sales to Stablize Before Upturn in Second Half of 2008 |
|
National Housing Endowment Supports Construction Management Programs With Major Help Grants
|
|
Builder Confidence In Condo Market Declines Again
|
|
Help hard to get for troubled US home owners |
|
Fourth Quarter Commercial Real Estate Index Eases |
|
Signs Of Life Percolating In Condo Market |
|
Stimulus Package Must Include Loan Limit Increase to Help Homeowners, Economy Immediately, Says NAR
|
|
NAR Campaign Relates Real Facts About Real Estate |
|
Congress Passes Mortgage Debt Relief To Help Strapped Borrowers
|
|
NAR Survey Shows Americans Believe Buying a Home Still a Good Financial Decision |
|
|
| BUSINESS FEATURE |
|
Filipino Sisters and Registered Nurses Open Blu Cocoon Medspa |
|
SAM & LIZ SAMSON: A Silent Recognition
|
|
When buying means downloading |
|
|
| LOVEMAIL |
|
Congratulating The Dead |
|
3Rs in Retirement |
|
Remember Onesiphorus? |
|
Crown Thy Good with Brotherhood |
|
Pursuit of Peace and Understanding |
|
The Benefit of Doubt |
|
All Things Work for Good |
|
God Helps Those Who Help Others |
|
Yes, God Exists! |
|
Getting Old with Steadfast Faith |
|
|
| HEADLINE PHOTOS |
|
MALIBU LANDMARK BURNED TO THE GROUND. |
|
Another Huey Down |
|
|
| |
|
| |