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Gulf Arab stock markets plunge further Two Kuwaiti plain clothes security guards do their rounds at a newly constructed shopping mall in Salmiyah... Target audience for Lemon Tree out of sight | ON a fine, clear morning in Tel Aviv, the third day of Rosh Hashanah, the Jewish New Year, all is quiet as Israeli director Eran Riklis sp... Syria plays hardball with the Saudis | By Sami Moubayed | DAMASCUS - In a further sign of just how low Syrian-Saudi Arabian relations have sunk, Syrian authorities have banned t... Iraq presidency formally approves election law BAGHDAD - Iraq's president and vice presidents have formally approved a long-awaited provincial elections law, paving the way for the vote t... Credit Crunch or rather Zio Punch? As the picture of the current economy disaster becomes ever more clear, it becomes rather obvious, to me at least, that the ideology and the... New book on old Israeli occupation Neve Gordon interviewed by Chris Spannos | (1) Where did your book Israel's Occupation come from? | The book has two distinct sources. First... Montenegro set to recognize Kosovo | PODGORICA, Montenegro (AP) -- Montenegro's president has indicated his tiny Balkan state will recognize Kosovo's independence despite bitt... Obama gaining in 5 battleground states, polls say By Alan Silverleib | CNN Senior Political Researcher | WASHINGTON (CNN) -- Polls in five key battleground states in the race for the White H... AMD and Advanced Technology Investment Company of Abu Dhabi to Create New Leading-Edge Semiconductor Manufacturing Company Business Editors/High-Tech Writers | NEW YORK--(BUSINESS WIRE)--October 7, 2008--AMD(NYSE:AMD) and the Advanced Technology Investment Compan... Time to speak Swedish, German and Chinese | Another friend of mine in the ship-supply business in Baltimore, Alan Kotz, told me about a German customer who recently put in double his... Iraq Crisis Iraq's FM: 'Bold' decisions needed on bases dealIraq says bold decisions needed on U.S. troops Israel-Palestine Relations Lebanon to sue Israel for marketing hummus as its ownIntellectual Cleansing: Part 2 Persian Gulf War Fallout hits Persian GulfGulf region is in for some nasty surprises Women's Rights UN: at least 5,000 flee rebel attacks in Congo and head to Sudan over the ...UN peacekeeper killed in Darfur Arab International Affairs Richard Lobban/Christopher Dalton: Darfur and presidential politicsAuthor rips into political 'Wrecking Crew' US - Mideast Politics 'GSIS always transparent' The Government Service Insurance System (GSIS) has always been transparent in its policies and investments, thus Mr. Dan Mariano's October 1, 2008 piece admonishing the GSIS to "come clean" was rather off the mark. Nonetheless, I wish to thank Mr. Mariano for his interest in the issue, which the GSIS wishes to clarify in the face of patent disinformation being sown by some groups against the GSIS Global Investment Program (GIP). On Mr. Mariano's question about the "remaining $400 in the $1-billion GSIS GIP," the GSIS is presently in the process of selecting new fund managers to handle the said funds. Rest assured that the same stringent requirements put in place in selecting ING Investment Management and Credit Agricole to handle $300 million each under the GSIS GIP are being used in selecting the new managers for the $400 million. Among these requirements is that only fund managers with a minimum of $100 billion assets under management (AUM) need apply to the GSIS. It is noteworthy that ING, which has a solid presence in our country since 1990, has around $503 billion in AUM; while Credit Agricole, rated "M2" by Fitch, has an AUM of approximately $725 billion. On Citibank N.A. being tapped as global custodian of the GSIS GIP, it should be pointed out that Citibank is limited to its role as a custodian of the funds. As it is not a fund manager of the GSIS GIP, Citibank NA cannot invest the same. The GSIS sees something sinister in concerted efforts to sow suspicion on the GSIS GIP, when the GSIS has done what all the other local banks had done following news on Lehman and AIG. This was to express categorically that GSIS has no investments in either US firms, while having minimal exposure in the troubled US market. Some local banks admitted having investments in Lehman and AIG, but will the GSIS admit the same when that is simply untrue? I ask this because the question on whether or not GSIS invested in Lehman or AIG had been repeated countless times already. As to Mr. Mariano's comment that the European market is also feeling the effects of the US downturn, I can only say that that's the nature of market globalization. The US sneezes and the world catches a cold. Risks are inherent in investing, but that's not a reason to stop investing in the Philippines or abroad. But I'd like to reiterate that the GSIS has taken all measures to safeguard its investments. Atty. Estrella Elamparo Chief legal counsel GSIS ___ Natrovox is not Pharex's but Natrapharm's We would like to thank The Manila Times for writing our story, "Generic drugs found selling more than branded ones" on September 27, 2008. Getting published in your reputable newspaper gives us, local generics manufacturers, a veritably effective platform to amplify our cause. However, we would also like to point out that Natrovox, the phenomenal generic hitmaker of co-amoxiclav, is a product of Natrapharm and not Pharex. We apologize for the possible mix-up in the data that we gave to your reporter. Again, our heartfelt gratitude for giving us the opportunity to tell our story. MARILOU BUENSUCESO President Philippine Chamber of Pharmaceutical Industry (PCPI) Presidents Tower, Timog Avenue, Quezon City ___ Statement of Foreign Ministry of Iran on International Day of Qods Ministry of Foreign Affairs of Islamic Republic of Iran expresses its congratulations to all Muslims of the world on the International Day of Qods. The Muslim world is marking the 30th anniversary of the declaration of this holy Day by the late Imam Khomeni (P.U.H) at a time when the oppressed Palestinian people and the Holy Qods as the symbol of solidarity and the core of the unity of the Muslim world are still under the occupation of the Zionist occupiers. Sixty years after the organized occupation of Palestine, this land is still witness to the terrorist and racist attacks by the Zionist regime, killing defenseless people particularly women and children, imposing a long siege on the occupied Palestinian regions specially the Gaza strip, blocking the flow of food, medicine and fuel into these regions, expanding Jewish settlements, demolishing the economic infrastructures of Palestine and Judaizing the Holy Qods. Over all these years, the Zionist usurping regime has resorted to racist and expansionist measures to change the fabric and demography of the Holy Qods and its extensive, illegal and provocative excavations have exposed a constant threat to the historical and religious monuments of this city, particularly Al-aqsa Mosque. Given the dangers emanating from the presence of the illegitimate, fabricated Zionist regime in the Middle East, Islamic Republic of Iran has always stressed the need for the protection of the Islamic identity of the Holy Qods and Palestine as well as the unity and cohesion of the Muslim Ummah, believing that only the strong will of the regional Muslim nations backed with their belief in the victory of the Resistance which has scored brilliant achievements for Palestine and the Muslim Ummah can curb the acquisitive ambitions of the regime usurping the Holy Qods. The International Day of Qods demonstrates grass­roots support of independent, free-minded peoples of the world for the Intifadas of the oppressed valiant people of Palestine against the Zionist occupiers. Relying on such broad-based support, the Palestinian people are raising their outcry for the full removal of occupation from the historical land of Palestine, liberation of the Holy Qods and freedom of all Palestinians, particularly the elected representatives of this nation in the legislative Assembly of Palestine held prisoners by the Zionist regime and the return of all Palestinian refugees to their ancestral lands. They also call on all other free-minded peoples of the world to support the Palestinian resistance and struggle against the state terrorism and the racist policies of the regime occupying the Holy Qods. Ministry of Foreign Affairs of Islamic Republic of Iran invites all Muslim and free-minded nations of the world to celebrate the International Day of Qods more gloriously than ever in different parts of the world to show their full solidarity with the Palestinian people and their support for the Holy Qods and calls on the whole Palestinian nation, particularly all Jihadi and political groups to preserve their unity around the loafty goals of the Palestinian revolution and avoid any divisions amongst their ranks which benefit only the Zionist, occupying regime. [Editor's note: The above was received by The Manila Times on October 1 from the Iranian Embassy. The opinions expressed, especially about the intifada and the jihadi, are those of the Islamic Republic of Iran's foreign ministry and not of The Manila Times. The International Day of Qods (or Quds) is an annual event opposing Israel's control of Jerusalem (Al-Quds in Arabic). It is held every last Friday of Ramadan. Jerusalem Day is not an Islamic religious holiday but a political event, and thus observance is not obligatory in Islam. Qods Day in 2008 was on Friday, September 26. After the 1979 Islamic Revolution, then Supreme Leader of Iran Ayatollah Khomeini -referred to as "the late Imam Khomeni (P.U.H)" above—declared the holy observance in August of that year. "P.U.H" means "peace be upon him."]Arab ex-Knesset member highlights diminishing US role in world affairs RELATED NEWS Wed 8 Oct 2008 Target audience for Lemon Tree out of sight The Australian | ON a fine, clear morning in Tel Aviv, the third day of Rosh Hashanah, the Jewish New Year, all is quiet as I... Syria plays hardball with the Saudis Asia Times | By Sami Moubayed | DAMASCUS - In a further sign of just how low Syrian-Saudi Arabian relations have sunk, Sy... Tue 7 Oct 2008 Iraq presidency formally approves election law San Diego BAGHDAD - Iraq's president and vice presidents have formally approved a long-awaited provincial elections law,... Credit Crunch or rather Zio Punch? Middle East Online As the picture of the current economy disaster becomes ever more clear, it becomes rather obvious, to me at le... New book on old Israeli occupation Middle East Online Neve Gordon interviewed by Chris Spannos | (1) Where did your book Israel's Occupation come from? | The book h... Montenegro set to recognize Kosovo CNN | PODGORICA, Montenegro (AP) -- Montenegro's president has indicated his tiny Balkan state will recognize Koso... Obama gaining in 5 battleground states, polls say CNN By Alan Silverleib | CNN Senior Political Researcher | WASHINGTON (CNN) -- Polls in five key battleground stat... AMD and Advanced Technology Investment Company of Abu Dhabi to Create New Leading-Edge Semiconductor Manufacturing Company Insurance Newsnet Business Editors/High-Tech Writers | NEW YORK--(BUSINESS WIRE)--October 7, 2008--AMD(NYSE:AMD) and the Advance... Time to speak Swedish, German and Chinese The Press Democrat | Another friend of mine in the ship-supply business in Baltimore, Alan Kotz, told me about a German customer ... Israel: wedded to war? The Guardian Far from learning the lessons of past conflict, the country's military seem ever more willing to resort to bru... Seven Years in Afghanistan: From "War on Terror" to "War of Terror" Infowars GARY LEUPP | Tuesday, Oct 7, 2008 | October 7, 2008. Seven years ago today the U.S. began the assault on Afgha... Iceland moves to contain economic turmoil CNN | (CNN) -- Iceland seized control of its second largest bank Tuesday while UK bank shares fell sharply and EU ... Iraq presidency formally approves election law Gulf News | Baghdad: Iraq's president and vice presidents have formally approved a long-awaited provincial elections law... Summing Up Middle East Online In colloquial Israeli Hebrew, when someone discovers something that everybody else already knows, we say: "Goo... Peace Would Be So Much Cheaper Middle East Online | Presidential candidate Barack Obama has been hammering home the message that the United States should bring ... No previous results Next 20 results
ECONOMY Credit Crunch or rather Zio Punch?Dubai to get 200-storey, 1km-tall skyscraperEconomy briefs: Abyaar delays $1 billion sukukIndian economy 'faces slowdown not recession' TECHNOLOGY Three physicists share Nobel prizeAMD and Advanced Technology Investment Company of Abu Dhabi to Create New Leading-Edge Semiconductor Manufacturing CompanyUK stockings bereft of Nokia TubeMercury, up close and personal: Photos to be revealed today
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