[Blueboard] Newsbriefs 23 August Afternoon

Simbahang Lingkod ng Bayan slb at admu.edu.ph
Tue Aug 23 16:13:31 PHT 2005

Newsbriefs 23 August Afternoon

Simbahang Lingkod ng Bayan


Arroyo to win round one of impeachment battle (abs-cbnnews.com)

Gloria Arroyo tightened her grip on the Philippine presidency on Tuesday as a House committee dominated by allies continued to steer away from pursuing her impeachment over allegations of wrongdoing.

But the vote on which one of three impeachment complaints to take up is unlikely to draw a line under the months-old political crisis, with the opposition still hoping that public distrust of Mrs. Arroyo will help it muster the support needed to impeach her.

"We realize that at the end of the day the majority can railroad this and use brute force, use the tyranny of numbers," said Rep. Roilo Golez, a former national security adviser under Mrs. Arroyo who has turned against her.

"They might win this battle but lose the war."

A lower house committee stacked with Arroyo loyalists is expected to choose the weakest of three impeachment cases in a vote that starts on Tuesday but which may not finish for days.

Opposition falls short of one-third impeachment vote (abs-cbnnews.com)

The leader of the opposition in the House of Representatives on Tuesday admitted that they have yet to get the crucial 79 votes to fast-track the impeachment process against President Arroyo.

House Minority Leader Francis Escudero said the opposition agreed not to reveal the names of congressmen who endorsed the complaint until they had reached the crucial one-third vote to automatically transmit the complaint to the Senate. 

"We won't reveal the names until we reach 79. Rest assured, it's more than the 42 that initially signed the amended complaint," he told DZMM. 

He added that the opposition did not set a deadline for the gathering of votes for the complaint, which accuses Mrs. Arroyo of bribery, betrayal of public trust and graft and corruption.

He said some congressmen had complained that Mrs. Arroyo had been personally calling them, their relatives, and friends to convince them to throw out the complaints.

House committee votes to tackle prejudicial questions (inq7.net)

VOTING 54-24, with three abstentions, the House justice committee has agreed to tackle first the prejudicial questions before the form and substance of the impeachment complaints filed against President Gloria Macapagal-Arroyo.

Albay Representative Edcel Lagman, vice chairman of the committee, made the motion for the vote.

Earlier on Tuesday, justice committee chairman Simeon Datumanong said the 95-member committee would select which of three complaints filed against her would be heard.

But the opposition was hoping that the committee would instead go directly to the deliberations on the form and substance of the complaints -- one filed by lawyer Oliver Lozano, an amended version of Lozano's case, and one filed by lawyer Rizal Lopez.

In a bit of political maneuvering, the committee -- dominated by Arroyo allies -- is expected to opt to hear what is believed to be the weakest complaint, even though the opposition has threatened a walkout if it does.

Opposition solons benefitting from road users' tax, says House leader (philstar.com)
House Majority Leader Prospero Nograles Tuesday disclosed that 12 opposition solons, all of them leading figures in the impeachment case against President Gloria Arroyo, are among the early beneficiaries of this congressional allocation. 

This, Nograles said, is contrary to claims made by Iloilo Rep. Rolex Suplico and party-list congressman Teddy Casiño that members of the opposition have been shut off from the supposed release of road users' tax fund. 

These include are House Minority Leader Francis Escudero of Sorsogon; Reps. Rufino Biazon of Muntinlupa; Allan Peter Cayetano of Taguig Pateros; Rodolfo Agbayani of Nueva Vizcaya; Justin Chipeco of Laguna; Proceso Alcala of Quezon Province; Joseph Santiago of Catanduanes; Clavel Martinez of Cebu; Nereus Acosta of Bukidnon; Ruy Lopez of Davao City; Arthur Pingoy of Cotabato and Darlene Antonino Custodio of South Cotabato. 

Shares close lower on renewed political jitters (XFN-Asia)

(UPDATE) SHARE prices closed lower for the seventh straight session, with the main index falling to a two-month low, as renewed concerns over an impeachment complaint against President Gloria Macapagal-Arroyo exacerbated worries about the consequences of higher oil prices for the economy, dealers said. 

The composite index ended down 19.61 points or 1.00 percent at 1,943.76 on volume of 631.99 million shares worth 1.1 billion pesos, after trading between 1,942. 32 and 1,963.37. 

The broader all-shares index retreated 9.15 points to 1,182.57. 

Losers beat gainers 43 to 22, while 51 stocks ended unchanged. 

Peso-Dollar Exchange Rate 
Official Rate from the Philippine Dealing System (As of August 23, 2005 3:21pm)

PDS Wtd. Avg.  P55.895 = $1.00

Previous Close  P55.860

      Volume (US$)

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