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Drones over U.S. may pose security risks
MANILA, Philippines, Nov. 16 (UPI) -- Philippine President Gloria Macapagal-Arroyo ended a freeze on oil prices Monday on her return from an Asia-Pacific Economic Cooperation meeting in Singapore.
The freeze was lifted on a National Disaster Coordinating Council and Department of Trade and Industry finding that "while the state of calamity subsists, the extreme emergency situation which served as the underlying reason … no longer exists," Xinhua news reported Monday.
The president said the two-department task force "has favorably recommended the lifting" of the price freeze.
As the price freeze ends, the government is advocating for a program to provide "targeted and focused calamity assistance," to select areas of the country.
Oil prices were frozen Oct. 15 after a series of storms caused havoc in Luzon, the country's largest island.
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