PRESS DIGEST - Philippine newspapers - April 10
MANILA, April 10 (Reuters) - These are the leading stories in Manila newspapers on Thursday. Reuters has not verified these stories.
- The National Food Authority has said it is considering an increase in the price of rice that it subsidises from its current level of 18.25 pesos a kilo ($0.44). (ALL PAPERS)
- The head of the armed forces is open to the idea of recommending a pardon for nine officers who were sentenced to long jail terms for mutiny. (THE MANILA TIMES, PHILIPPINE DAILY INQUIRER)
- The Philippine Airforce reported that one of its planes had sighted a new structure on a Vietnam-claimed island in the disputed Spratly chain. (PHILIPPINE DAILY INQUIRER)
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BUSINESS
- South Korea's Hanjin Heavy Industries (003480.KS) has denied that it had threatened to pull out of multi-billion-dollar shipbuilding projects after claims it had violated environmental provisions. (PHILIPPINE DAILY INQUIRER)
- The International Monetary Fund has lowered its 2008 economic growth forecast for the Philippines to 5.8 percent from 6.0 percent due to the global economic slowdown. (ALL PAPERS)
- The Bureau of Internal Revenue plans to harmonise and consolidate the rules on taxing share sales. (MANILA STANDARD TODAY)
($1=41.725 pesos)
(Reporting by Carmel Crimmins)
