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Aquino open to joint oil dev’t of Recto Bank, but …

President Benigno Aquino lll. AP FILE PHOTO

President Aquino is open to the idea of a Chinese company joining an oil and gas exploration in Recto Bank in the West Philippine Sea (South China Sea) but says it has to comply with Philippine laws.

Posted: January 14th, 2013 in Features,Headlines,Philippines | Read More »

PH cautious on China oil offer

Department of Foreign Affairs (DFA) secretary Albert del Rosario  AP FILE PHOTO

The Philippines is taking with caution Chinese Ambassador Ma Keqing’s declaration of Beijing’s openness to a joint exploration for oil and gas in the West Philippine Sea (South China Sea), a position more recently reiterated by China’s foreign ministry to show its commitment to a peaceful resolution of the maritime dispute embroiling both countries.

Posted: January 8th, 2013 in Features,Headlines,Latest Global Nation Stories,Philippines | Read More »

China open to joint oil dev’t in Recto Bank

Chinese Ambassador to Manila, Ma Keqing. FILE PHOTO

The Philippines and China may forge ahead with the joint exploration of oil and gas reserves in the West Philippine Sea, which the latter calls the South China Sea, even as their leaders continue to squabble over boundaries.

Posted: January 7th, 2013 in Features,Latest Global Nation Stories,Philippines | Read More »

Aquino: We will fight for our rights over Recto Bank

President Benigno Aquino III

President Benigno Aquino III on Wednesday said the Philippines would defend its right over Recto Bank, where natural gas was discovered recently, as he disclosed other gas finds within the country’s territory.

Posted: May 3rd, 2012 in Latest Global Nation Stories | Read More »

No end in sight yet to rising US gas prices


The 35 mile per gallon by 2020 mandate became law in 2007. While some cars now list more than 40 mpg both in city and highway driving, fuel efficiency has not caught up with rising gas prices. Nowhere else is the pinch felt more than in California, where motorists have to contend with the highest […]

Posted: March 3rd, 2012 in Latest Global Nation Stories | Read More »