Filipino actor Vhong Navarro seriously hurt after being attacked inside A condominium

"It's Showtime" co-host Vhong Navarro is currently recovering after he was allegedly tied up and attacked by a group of men inside a condominium unit in Fort Bonifacio, Taguig on Wednesday (Jan. 22), according to his manager.

In a statement given to ABS-CBN News on Friday, Navarro's manager, film director Chito Rono, said the comedian was invited by a female friend to visit her in her condominium unit.

Several men allegedly blindfolded Navarro and beat him up when he got in the premises of the condominium.

Rono said Navarro was also threatened and was a victim of extortion, adding they have yet to find out the reason behind the attack.

According to the film director, Navarro will temporarily not be seen on "It's Showtime," which airs weekdays and Saturdays, and on his other television projects, as he continues to recover.

Navarro was absent from the noontime program on Thursday and Friday.

Speaking with ABS-CBN News, Rono added Navarro may undergo an operation due to his injuries. He said Navarro is unable to detail the incident as he cannot speak properly.

The 37-year-old actor is known to have a non-showbiz girlfriend, and has two sons from his previous relationships.

Here is Rono's full statement:

"Si Vhong Navarro ay naimbitihan sa isang condominium unit sa Fort ng isang kaibigang babae. At sa di pa malamang kadahilanan, siya ay piniringan, pinagtulungang bugbugin, ginapos, tinakot, at hinihingan ng pera ng isang grupo ng kalalakihan noong January 22, Miyerkules.

"Si Vhong ay kasalukuyang nagpapagaling at mawawala ng pansamantala sa 'It's Showtime' at iba pa niyang proyekto."

Source : www.abs-cbnnews.com

Magnitude 7.9 earthquake hit the Philippines, Tsunami Warning release

A magnitude 7.9 earthquake was detected near the coast of Eastern Samar, Philippines Friday night, August 31, 2012. Immediately after the earthquake, the Philippine Institute of Volcanology and Seismology has raised Tsunami Warning 3 over the some provinces in the Philippines .

Families along the coasts of Northern Samar, Eastern Samar, Leyte, Southern Leyte, Surigao del Norte, and Surigao del Sur should leave their homes and seek higher ground.

Their is no reported damage due of the earthquake as of this moment but the Authorities advice the People of those three province to be alert.

Philippines, 16th largest economy in 2050

OPTIMISTIC. HSBC's latest study shows the Philippines as the 16th largest economy by 2016
MANILA, Philippines - In its prediction on the “rise and fall of world economies,” HSBC Global Research said the Philippines could become the world’s 16th largest economy by 2050, according a global reports on Thursday, Jan. 12, 2012.
Helped by demographics and rising education standards, the Philippines is set to leapfrog 27 places, according reports on the HSBC prediction.

Read the full article here : http://www.rappler.com/business/832-philippines,-16th-largest-economy-in-2050

Philippines, 6th fastest growing in the world: wealth report

MANILA, Philippines - The Philippines is expected to be among the fastest growing economies in the world between 2010 and 2050, according to a study released by Knight Frank and Citi Private Bank.
In the 2012 Wealth Report, the Philippines is forecast to post a Gross Domestic Product (GDP) growth of 7.3% during the period, making it the 6th fastest growing economy in the world.
FAST GROWING. The Philippines is projected to be among the fastest growing economies in the world, according to the 2012 Wealth Report. This and the graphics below are taken from the report released by Knight Frank and Citi Private Bank.
The Philippines registered a 7.3% growth in 2010, but slowed down to 3.6% in 2011 as the global economy hit demand for Philippine exports and the government spent less-than-planned on infrastructure projects.
The Philippine government expects the local economy to stay resilient despite the economic challenges of key trading partners in the west. It is targeting a 5% to 6% growth this 2012 -- slower than the 2012 Wealth Report's annual growth forecast.
This 2012 Wealth Report mirrors a study released in January by HSBC, which forecast that the Philippines could become the world’s 16th largest economy by 2050.

read the full Article here http://www.rappler.com/business/10928-ph-to-post-high-growth-until-2050

China Wins Miss World 2012, Philippines Bet in top 15

Miss China Wen Xia Yu won the coveted crown during the 2012 Miss World pageant held at Dongsheng stadium Ordos City, China on Saturday, August 18.

Miss Wales (Sophie Moulds) and Miss Australia (Jessica Kahawaty) were declared first and second runner-up, respectively.

Miss Philippines Queneerich Rehman was among the top 15 finalists.  

Malacanang announce August 20, 21, 27, 2012 a Holiday in the Philippines

As per Proclamation No. 455, s. 2012, August 20 (Monday), was declared by Malacanang Pslsce a holiday in observance of the Eid’l Fitr (End of Ramadan). August 21, Teusday was proclaimed as a non-working holiday in celebration of the Ninoy Aquino Day and the following Monday, August 27, is another regular holiday in commemoration of the National Heroes Day.

Philippines is the next big thing?

The BRICS are so yesterday, says Morgan Stanley’s Ruchir Sharma. Rapid growth can’t be sustained and it’s time to look to the next decade’s big growers for big returns. Reuters Fred Katayama tells why Turkey, Indonesia and the Philippines are the next big bet. (April 25, 2012)

Even its hard to believe for us living here in the Philippines there ale lot of good things foreign investors and Financial analyst sees in our economy.

Morgan Stanley and Reuters think the country’s among the three “Breakout Nations” for investors and a Singapore paper by David Pilling publish about the economy of the Philippines and its potential growth in the near future titled South-east Asia's llama breaks into a trot.

Philippines new territory : Benham rise

The United Nations has approved the Philippines’ territorial claim to Benham Rise, an undersea landmass in the Pacific Ocean potentially rich in mineral and natural gas deposits.

UN Convention on the Law of the Sea (Unclos) sent the Department of Environment and Natural Resources (DENR) a letter last week informing the agency that the landmass is part of the country’s continental shelf and territory.

Filipino Hacker retaliate after UP Website Hacking

After the Scaborough Shoal stand off beetween Chinese Vessel and Philippine Coast Guard might result into a cyber war between computer hackers from both nation.

Last April 20, 2012 hackers attack the official website of the university of the Philippines, forcing the state university to shut down the site temporarily. The hackers claimed that they are from china defaced UP website and put a Map of the Philippine sea(South China Sea) with a caption “We come from China! Huangyan Island is Ours!” (Huangyan is the chines name for Scarborough).

The Kitchen Musical’ win gold medal at 2012 New York Festivals

Christian Bautista and Karylle Tatlonghari, stars of the Pan-Asian musical "The Kitchen Musical." "The Kitchen Musical" won a gold world medal for best writing and a bronze world medal for best performance at the recently-concluded 2012 New York Festivals International TV and Film Awards

The Filipinos' English is not good enough

"I don't like the idea at all,Their English is not good enough. You're dealing with a third world country where English is a second language and we're dealing with tapes that are not crystal clear." 

"We're dealing with a transcriber who may or may not know anything about legal proceedings and certainly can't pick up the phone... to get clarification as to what they might have said."

These controversial comment was allegedly made by Asst. Attorney General Benjamin Abrams during the Guam Board of Allied Health's meeting, where members discussed a proposal to outsource a transcription task to a transcriber in the Philippines.

A video clip containing those lines was posted in the video sharing site youtube and it will surely spark outrage from many filipinos especially Politicians. It is Also the subject of an ethics complaint that the Philippine Consulate General in Guam is preparing to file with the Guam Bar Association.

Source : Yahoo! News

Terror attack in the Philippnes

Four we're Reported dead and 18 are wounded in a Bus explosion at Epifanio delos Santos Avenue (EDSA) in Makati City today.

initial report say the the blast was caused by an explosive device placed inside the vehicle.

police are still investigating if the explosion are caused by terrorist.

According to GMAnews.tv

At least four people were killed while more than a dozen were wounded in a bus explosion along Epifanio delos Santos Avenue (EDSA) in Makati City on Tuesday.

"Apat ang patay at 14 ang injured (Four are dead and 14 are injured)," Metro Manila police chief Director Nicanor Bartolome told dzRH radio in interview.

The blast occurred inside a Newman Goldliner air-conditioned bus (TXJ-710) shortly before 2 p.m., according to a report on dzBB radio quoting Senior Superintendent Froilan Bonifacio, Makati Police chief.

FACEBOOK SHUTS DOWN ON MARCH 15

FACEBOOK WILL END ON MARCH 15th!

Bad news to all Fans and members of the social networking site Facebook.com. Facebook Founder and CEO Mark Zuckerberg announced that Facebook will be shut down in March. "Managing the site has become too stressful" He Said.

Philippines entry in top 3 of BBC World Challenge 2010

The Lone Philippine entry,  A hydraulic ram pump-  has been voted one of the three top winners of the BBC World Challenge 2010 competition among 12 finalists worldwide. Winners will be announce November 29,2010 and broadcast in the Philippines on BBC World News at 10:30 a.m. and 4:30 p.m. on December 4.

Jollibee buys Mang Inasal for 3 Billion Pesos

 From : GMAnews.tv

Fastfood giant Jollibee Foods Corp. on Monday said it is buying 70 percent of Mang Inasal Philippines Inc. — a Filipino food chain — for P3 billion.

In a filing with the Philippine Stock Exchange, Jollibee Foods said it will pay Mang Inasal owner Edgar Injap Sia III of Injap Investments Inc. a P200 million downpayment.

About 90 percent of the balance will be paid upon closing of the agreement, with the remaining 10 percent to be paid three years onward after the deal is reached, Jollibee Foods said.

Injap will keep 30 percent equity in Mang Inasal, the disclosure read.

READ MORE AT http://www.gmanews.tv/story/203720/jollibee-to-buy-mang-inasal-for-p3-billion