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DFA lowers flag at half-mast for hostage crisis victims
菲律宾外交部降半旗悼念中国遇害者
The Philippine flag at the Department of Foreign Affairs was lowered at half-mast Tuesday in memory of the victims of Monday's deadly hostage crisis in Manila.
The DFA reiterated President Benigno Simeon Aquino III and the Filipino people's "deepest condolences" to the government and people of the Hong Kong Special Administrative Region and the People's Republic of China, especially the families and relatives of the eight Hong Kong Chinese nationals who died in the incident.
In a statement, the DFA said Filipinos, grateful for the lives saved, are praying for the early physical and spiritual recovery of those who survived the hostage crisis.
"As earlier conveyed to Hong Kong Chief Executive Donald Tsang, the Filipino nation join Hong Kong and its people in this time of grief, and reiterate their deep regret over the loss of innocent lives in this tragic event," it said.
The DFA also said the Philippine government is extending full assistance to the affected family members.
Philippine authorities are also assisting officials from the Hong Kong and the People's Republic of China who are in Manila to look after the well-being of the victims and facilitate the repatriation of their loved ones. –VVP, GMANews.TV
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菲律宾股市今日跌势
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Philippine Stocks Fall Most in 11 Weeks After Tourists Killed
旅客罹难后菲股市创下11个星期以来的最大跌幅
Aug. 24 (Bloomberg) -- Philippine stocks fell, sending the benchmark index to its biggest loss in eleven weeks, and the peso slumped after at least eight tourists from Hong Kong were killed by gunfire in a bus siege in Manila.
The Philippine Stock Exchange Index slid 2.3 percent to close at 3,530.49. About half the index’s loss was caused by a 13 percent drop in Ayala Land Inc., which operates hotels and invests in property. The peso slid 0.8 percent, the most since Aug. 11, to 45.45 per dollar. The yield on the 7 percent bond due in January 2016 rose 10 basis points to 5.8 percent.
Hong Kong urged tour groups to leave the Philippines and avoid traveling there, after the bus was seized yesterday by a disgruntled ex-police inspector, who was also killed during the exchange of fire. The hostage crisis won’t affect monetary policy as its impact on the markets won’t be “significant,” central bank Governor Amando Tetangco said.
“It’s unfortunate that this was resolved with violence,” said Jonathan Ravelas, strategist at Manila-based Banco de Oro Unibank Inc. “The market will have a short-term negative knee- jerk reaction but that shouldn’t change its longer term upward direction.”
The benchmark index has rallied 16 percent this year and closed at its highest since January 2008 yesterday as the country’s expanding economy boosted the outlook for earnings.
‘Just a Trigger’
Police moved in to end the standoff after about 10 hours when shots were heard from the bus on which former senior inspector Rolando Mendoza was holding 15 Hong Kong tourists to protest his dismissal for extortion involving a suspect. The bloody ending to the siege was caused by the “mishandling” of the situation and not a breakdown in law and order, Philippine Tourism Minister Alberto Lim said.
“The market was really due for a correction, and yesterday’s event was just a trigger,” said Toto Hilado, treasurer at Rizal Commercial Banking Corp. “I doubt it would have far-reaching implications.”
The economy likely expanded as much as 6.9 percent in the second quarter, slowing from growth of 7.3 percent in the previous three months, the government said yesterday. Growth in the Philippine economy may have slowed as an El Nino dry spell damaged crops and fisheries, Economic Planning Secretary Cayetano Paderanga said in a statement yesterday.
“A slowing economy is an area of concern as it shows there are still risks from an uncertain global outlook,” said Roland Avante, treasurer at Sterling Bank of Asia in Manila.
Possible Trading Error
Ayala Land, a partner of Intercontinental Hotels Group in Manila, ended 15 percent lower at 14 pesos, the sharpest loss since Aug. 28, 1997.
“No one knows” why the stock fell so sharply, said James Lago, head of research at Manila-based PCCI Securities Brokers Corp. “A lot are saying that could have been a trading error.”
The decline “may have been an unintended transaction,” Alfonso Reyes, spokesman for Ayala Land, said in a phone interview. “We have no reason to believe that this sudden movement is related to the company’s fundamentals. We expect the share price to recover quickly.”
Alliance Global Group Inc., Genting Hong Kong Ltd.’s partner in a Manila-based casino-hotel complex, sank 2.6 percent to 6.65 pesos. SM Investments Corp., owner of the nation’s largest shopping mall operator fell as much as 8.9 percent before ending the day 0.8 percent lower at 490 pesos.
Tourist Magnet
The Philippines attracted 2.7 million tourists last year, about 4 percent of all arrivals into the 10-member Association of Southeast Asian Nations, according to the bloc’s website.
Robinsons Land Corp., an owner of hotels and the nation’s No. 2 shopping mall operator, decreased 0.6 percent to 14 pesos.
Mining stocks dropped Philex Mining Corp., the nation’s biggest miner, fell 3 percent to 9.35 pesos, its lowest since Oct. 21, after a measure of six metals traded on the London Metal Exchange, which includes copper, nickel and zinc, fell for a fourth day. Atlas Consolidated Mining & Development Corp. retreated 2.1 percent to 11.02 pesos, the lowest since Aug. 12.
Swift Foods Inc., a poultry raiser, declined 2 percent to 25 centavos, the sharpest loss since Aug. 11, after the company’s loss widened to 18.35 million pesos in the second quarter from the previous three months.
原文链接：http://www.businessweek.com/news ... ourists-killed.html |
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发表于 2010-8-24 16:51
