P.M. BRIEFING : Manila Traders Fear New Coup
- Share via
MANILA — Philippine share prices plunged again today, with the main Manila Stock Exchange composite index ending 3.7% lower, as a threat of a new military coup attempt unnerved investors.
The index has fallen 19.4%, or 255.32 points, to 1,062.54 over the four days since the market reopened. It was shut last week by the attempted army coup bid that paralyzed Manila’s Makati business district.
Brokers said nervous investors continue to sell actively. The index slipped 40.74 points today.
The opposition newspaper Newsday published a letter today by the Philippines’ most-wanted rebel soldier, cashiered Col. Gregorio (Gringo) Honasan, in which he said there would be a new coup soon directed against President Corazon Aquino.
More From the Los Angeles Times
Podcasts
The latest effort is coming from the L.A. County Board of Supervisors. They just announced a $3 million program in conjunction with some nonprofits groups to test and clean the soil at homes still standing in the areas impacted by the Eaton Fire.
California once bet big on offshore wind to help power its clean-energy future, but the Trump administration is now paying developers billions to walk away from their projects. As California’s remaining offshore-wind leases hang in the balance, the state is fighting back in court.
The Hillside Strangler murders terrorized Los Angeles in the late 1970s. The killers were a pair of sadistic cousins. One confessed. The other was set to stand trial—until L.A. prosecutors flinched.
