AIRLINK 72.59 Increased By ▲ 3.39 (4.9%)
BOP 4.99 Increased By ▲ 0.09 (1.84%)
CNERGY 4.29 Increased By ▲ 0.03 (0.7%)
DFML 31.71 Increased By ▲ 0.46 (1.47%)
DGKC 80.90 Increased By ▲ 3.65 (4.72%)
FCCL 21.42 Increased By ▲ 1.42 (7.1%)
FFBL 35.19 Increased By ▲ 0.19 (0.54%)
FFL 9.33 Increased By ▲ 0.21 (2.3%)
GGL 9.82 Increased By ▲ 0.02 (0.2%)
HBL 112.40 Decreased By ▼ -0.36 (-0.32%)
HUBC 136.50 Increased By ▲ 3.46 (2.6%)
HUMNL 7.14 Increased By ▲ 0.19 (2.73%)
KEL 4.35 Increased By ▲ 0.12 (2.84%)
KOSM 4.35 Increased By ▲ 0.10 (2.35%)
MLCF 37.67 Increased By ▲ 1.07 (2.92%)
OGDC 137.75 Increased By ▲ 4.88 (3.67%)
PAEL 23.41 Increased By ▲ 0.77 (3.4%)
PIAA 24.55 Increased By ▲ 0.35 (1.45%)
PIBTL 6.63 Increased By ▲ 0.17 (2.63%)
PPL 125.05 Increased By ▲ 8.75 (7.52%)
PRL 26.99 Increased By ▲ 1.09 (4.21%)
PTC 13.32 Increased By ▲ 0.24 (1.83%)
SEARL 52.70 Increased By ▲ 0.70 (1.35%)
SNGP 70.80 Increased By ▲ 3.20 (4.73%)
SSGC 10.54 No Change ▼ 0.00 (0%)
TELE 8.33 Increased By ▲ 0.05 (0.6%)
TPLP 10.95 Increased By ▲ 0.15 (1.39%)
TRG 60.60 Increased By ▲ 1.31 (2.21%)
UNITY 25.10 Decreased By ▼ -0.03 (-0.12%)
WTL 1.28 Increased By ▲ 0.01 (0.79%)
BR100 7,566 Increased By 157.7 (2.13%)
BR30 24,786 Increased By 749.4 (3.12%)
KSE100 71,902 Increased By 1235.2 (1.75%)
KSE30 23,595 Increased By 371 (1.6%)
World

Six dead as trader fights Philippine rebels

MANILA : Six people died when a Philippine businessman and his son shot it out with communist guerrillas trying to exto
Published February 5, 2011

MANILA: Six people died when a Philippine businessman and his son shot it out with communist guerrillas trying to extort hundreds of dollars from them, the military said Saturday.

Coconut meat trader Federico Bico, 56, a son and two bodyguards were killed after engaging seven New People's Army (NPA) gunmen who arrived on their farm demanding money, local military spokesman Major Harold Cabunoc said.

The bloody incident happened on Friday night near the town of Libmanan, 250 kilometres (155 miles) southeast of Manila.

"Bico owns a big coconut meat business. Last year the NPA demanded 30,000 pesos (about 685 dollars) in revolutionary taxes but he refused and hired bodyguards," Cabunoc told reporters by telephone.

Government forces summoned to the farm discovered the bodies of two of the suspected attackers nearby, both with fatal gunshot wounds, he added. Coconut meat is a key Filipino farm export used to manufacture vegetable oil.

The attack occurred ahead of formal peace talks scheduled in Norway on February 15.

The 4,700-member NPA has been waging a Maoist rebellion in the Philippine countryside since 1969 that the military said is financed mainly through extortion of local businesses and politicians.

The Oslo negotiations would be the first formal talks between the two sides since negotiations broke down in 2004.

Copyright AFP (Agence France-Presse), 2011

Comments

Comments are closed.