[Blueboard] Newsbriefs 13 July afternoon

Simbahang Lingkod ng Bayan slb at admu.edu.ph
Wed Jul 13 17:04:46 PHT 2005


*Newsbrief **13 July 2005** Afternoon
Simbahang Lingkod ng Bayan
 *

*Some MBC members reject group's call for Arroyo to quit* *(inq7.net)*

DISSENTING members of the Makati Business Club here have rejected the 
club's call for President Gloria Macapagal-Arroyo to resign.

They said the call reflects the sentiment of only a few within the club, 
and does not represent the feeling of the majority of its members.

*Moody's cuts RP credit outlook amid Arroyo crisis 
<http://money.inq7.net/topstories/view_topstories.php?yyyy=2005&mon=07&dd=14&file=1> 
(inq7.net)*

(UPDATE) International ratings' agency Moody's Investors Service on 
Wednesday downgraded its outlook on Philippine sovereign debt to 
negative from stable due to the political crisis surrounding President 
Gloria Macapagal-Arroyo.

*BSP: Fiscal reforms to continue amid Moody's warning 
<http://money.inq7.net/topstories/view_topstories.php?yyyy=2005&mon=07&dd=14&file=2> 
(inq7.net)*

CENTRAL bank governor Amando Tetangco Jr allayed concerns raised by 
Moody's Investors Service that the government may be unable to preserve 
recent improvements in the country's fiscal performance following the 
resignation of most of President Gloria Macapagal-Arroyo's economic team.

*Arroyo calls for two-party system (manila times)
*
President Arroyo on Tuesday asked political and civil groups to join her 
in bringing about political reform, including changing from a 
presidential to a parliamentary government.

Mrs. Arroyo said in a live broadcast that she wanted to focus her 
energies on fundamental reform and give her new Cabinet a "free hand" in 
governance.

The "fundamental law of the land" needed to be changed to confront 
issues such as federalism, a parliamentary form of government, campaign 
finance reform and "modernizing the economic provisions of the 
Constitution", Arroyo said.

*Garci, Ong defy House probe subpoena (abs-cbnnews.com)**
*
Former poll commissioner Virgilio Garcillano and former National Bureau 
of Investigation deputy director Samuel Ong defied Wednesday a House of 
Representatives invitation to appear at the continuation of the 
congressional investigation on the wiretapping controversy.

*Drilon nixes 'graceful exit' for Arroyo (abs-cbnnews.com)**
*
Senate President Franklin Drilon on Wednesday expressed doubt that 
Charter change that would pave the way for a shift to a parliamentary 
government can solve the current political crisis.  He added that he 
disagreed with the plan as it was meant to give President Arroyo a 
"graceful exit" from power.

*Massive rally aims for immediate Arroyo resignation (abs-cbnnews.com)*

Protesters began gathering in Makati Wednesday morning for what they say 
will be the biggest rally yet calling for President Arroyo to step down 
over election fraud allegations. "We're relying on mobilizing huge 
numbers so the President will be forced to step down," Reyes said.

*Palace debunks Pulse Metro **Manila** survey (abs-cbnnews.com)**
*
Malacañan on Wednesday questioned the authenticity of the latest Pulse 
Asia survey, which showed Metro Manila residents distrust for President 
Arroyo soaring to 72 percent early this month.

The Pulse Asia survey, conducted from July 2 to 8, showed that 58 
percent of Metro Manila residents believe that the President should 
resign after making her admission on June 27.

*Cagayan execs warn of food blockade on oust GMA move**  (The **Manila** 
Times Reporter)*

Local officials in Cagayan Valley have threatened to put up a "food 
blockade," or food embargo, to Manila if opposition and militant groups 
continue pressing for the resignation of President Arroyo.  Supporting 
the reform program of Mrs. Arroyo, the local executives are blocking 
efforts to force the President to resign.

Cagayan Valley is made up of the provinces of Batanes, Cagayan, Isabela, 
Nueva Vizcaya and Quirino.

*Lacson to join Makati rally, says Roces will too (inq7.net)**

*OPPOSITION Senator Panfilo Lacson is joining the massive anti-Arroyo 
rally in Makati City later on Wednesday and says Fernando Poe Jr.'s 
widow, Susan Roces, will too.

Members of Lacson's "Be Not Afraid" movement have started converging in 
Makati to show their support for calls for the resignation of President 
Gloria Macapagal-Arroyo.

Lacson told the Inquirer that Roces would also attend the rally and 
speak before the crowd.

*Peso - Dollar Exchange Rate *closed at Php 56.15 per dollar today (July 
13, 2005,
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