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News

  • NBI thwarts NAIA-3 car bomb attempt                         A potential car bomb attack at the Ninoy Aquino International Airport (NAIA) was foiled before dawn yesterday by operatives of the National Bureau of Investigation (NBI) with the capture of 4 suspects and the seizure of explosives. NBI Director Virgilio Mendez declined to name the suspects who were caught in possession of improvised explosive devices (IEDs) at the NAIA 3 parking area 35 at around 1:30 a.m. Also seized was the suspects’ white Toyota Revo with license plate WMK 129. At Malacañang, Presidential Communications Operations Office Secretary Herminio Coloma Jr. said the NBI as well as the Department of Justice are in charge of the investigation and are set to submit a report to President Aquino. Manila International Airport Authority senior assistant general manager Vicente Guerzon confirmed the arrests. Mr. Guerzon is also general manager for security and emergency. Mr. Mendez and NBI-Anti-Organized Crime Division head agent Rommel Vallejo declined to give details so as not to jeopardize follow-up operations.
  • Moody’s raises PH outlook                                             Moody’s Analytics raised its full-year economic growth forecast for the Philippines following a surprisingly strong 2nd quarter, but warned that continued government underspending amid tightened monetary policy could slow expansion next year. “With the latest Q2 numbers, 2014 GDP growth (could hit) 6.2%. This sounds more realistic,” Moody’s Analytics senior economist Glenn Levine said, citing “exports [and] solid consumer demand” as drivers. Second-quarter economic growth bested expectations after it expanded at a faster 6.4% from a downwardly revised 5.6% in the 1st 3 months of the year. The latest result, however, was still slower than the 7.9% notched in the April-June period a year ago. For the 1st half, gross domestic product (GDP) growth averaged 6%, slower than the 7.2% notched in the same 6 months in 2013. The government targets GDP to grow 6.5-7.5% this year. 

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