Ships hijacked by pirates, an earthquake in Indonesia and the decline of RP peso
By:
Totie Mesia
Date:
Tuesday, November 18th, 2008 
7
Is the total number of ships hijacked by Somali pirates on since November 5, 2008 in the Aden Gulf. The latest hijacked ships are operated by the Islamic Republic of Iran and that of Saudi Arabia, a super oil tanker carrying $100 million worth of crude oil. In the past ransoms were paid to recover the ships, but nations are finding ways to foil piracy in the busiest sea lane of the world.
P49.96
At the close of business trading on November 18, 2008, the peso-dollar exchange has floundered close to P50/per dollar. The slide of the peso value is expected to continue as local and foreign effects of recession take its full effect.
7.5
Recorded in the Richter
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Tags: Bangko Central ng Pilipina (BSP), cholera, DOH, earthquake, economy, foreign exchange, illness, Indonesia, Iran, Philippines, pirates, Saudi Arabia, ship hijack, Somalia, Totie Mesia, Typhoid