Delegates at UN walk out ahead of Netanyahu’s speech

Israeli Prime Minister Benjamin Netanyahu on Thursday addressed a nearly empty auditorium in the United Nations General Assembly, as delegates walked out to boycott his speech during the high-level gathering. Israel is increasingly isolated internationally as Netanyahu pushes forward with the war against Hamas, the militant body governing the Gaza Strip and which triggered the…

NBA: New Celtics owner vows to ‘do whatever it takes’ to win titles

BOSTON — The Boston Celtics are expecting a smooth ownership transition — and not just because much of the old brain trust is sticking around. New owner Bill Chisholm says he isn’t going to mess with the success of the people who won two NBA championships in their 23 years in charge. READ: NBA approves

BSP prefers ‘case-by-case’ review of thrift bank liquidity relief

MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) will evaluate requests from thrift banks to ease liquidity requirements on an individual basis.  The regulator is opting against a blanket approach to better reflect differences in each lender’s liquidity profile and operations. Suzanne Felix, executive director of the Chamber of Thrift Banks (CTB), told the

PAL lines up nonstop Cebu-Guam flights for December

MANILA, Philippines — Flag carrier Philippine Airlines (PAL) is boosting its Visayas network with the launch of nonstop flights between Cebu and Guam beginning Dec. 16. In a statement Friday, the air carrier said the new routes using its Airbus A321ceo aircraft would run thrice weekly. READ: PAL A321ceo retrofit takes off Introducing this new

Peso slides past 58 vs $1 on corruption woes

MANILA, Philippines — The Philippine peso weakened to its lowest level in nearly two months on Thursday, slipping past the 58 mark against the US dollar, as a corruption probe into government flood control projects stirred fresh political unease. The local currency closed at 58.10, down 63.9 centavos from the previous day and its weakest

ADB work in Philippines to continue

MANILA, Philippines — The Asian Development Bank (ADB) said a corruption scandal involving flood control projects would not deter it from financing work in the Philippines, noting that the institution maintains “close oversight” of its investments. “You know, we’re always cautious about all our projects,” Andrew Jeffries, the bank’s country director for the Philippines, told