[Blueboard] Newsbriefs 6 October Afternoon

Simbahang Lingkod ng Bayan slb at admu.edu.ph
Thu Oct 6 16:40:40 PHT 2005


Newsbriefs 6 October Afternoon

Simbahang Lingkod ng Bayan

 

4 Cabinet execs snub Senate fertilizer probe (inq7.net)
 

FOUR Cabinet officials failed to show up at Thursday's Senate inquiry into the alleged diversion of farm support funds to President Gloria Macapagal-Arroyo's campaign kitty.

Agriculture secretary Domingo Panganiban, Budget secretary Romulo Neri, Land Reform secretary Nasser Pangandaman and Trade Secretary Peter Favila did not attend the Senate hearing.

"You can see that because of EO 464 executive officials are not coming," said Senator Ramon Magsaysay Jr., referring to the executive order that bans government executives from appearing in any legislative inquiries without Palace consent.

Magsaysay, chairman of the committee on agriculture and food, said the Cabinet officials informed the committee "they won't make it to the hearing."

COA still has no liquidation report of '04 fertilizer fund (abs-cbnnews.com)

Government auditors on Thursday failed to account for the P2.8 billion fertilizer fund released in 2004, saying that several congressional districts who received the money had yet to liquidate the amount. 

Commission on Audit (COA) director Tobias Lozada told senators the commission only has the liquidation reports from Bicol and Central Visayas, which amounted to P728 million. 

Lozada said he is still waiting for reports coming from COA auditors in regional field units (RFUs) of the Department of Agriculture. 

He said the P728 million disbursement in February 2004 came from the GMA Rice and Corn Program and was released by the Department of Budget and Management (DBM) to RFUs of the agriculture department. 

Golez: Ralliers, destabilizers are 'terrorists' in new bill  (abs-cbnnews.com)

 

Parañaque Rep. Roilo Golez on Thursday said ralliers and "destabilizers" are included as terrorists in the anti-terrorism bill approved by two committees of the House of Representatives early this week.

Golez, a former national security adviser, said he was "shocked" and "chilled" by the decision of the House justice and foreign affairs committees to approve the bill. 

He said he was shocked when House justice committee chairman Rep. Simeon Datumanong told committee members that street demonstrators sowing panic may be considered as terrorists. 

"I won't know whether it is a slip on their part or it is their intention or the Palace's intention, but that is dangerous," Golez told ANC. 

He explained that if the bill eventually gets enacted and then implemented, authorities could use the law to go after street demonstrators who are exercising their rights to hold protest rallies or even elected officials critical of the government.

Golez said no less than President Arroyo accused some senators pursuing legislative inquiries against perceived irregularities in government as conducting the investigation "in aid of destabilization."

Protest dispersal 'unjustified' -- police chief (inq7.net)
 

METRO MANILA's police chief has admitted that Wednesday's violent dispersal of a street protest in Manila was "unjustifiable" and ordered an investigation.

At the same time, Director Vidal Querol instructed police commands in the Philippine capital to adopt measures to prevent violence in future dispersals.

"The act as shown on TV could have been done in the heat of the moment but was nonetheless unjustifiable. I regret it happened," Querol said in a statement.

Television footage of a protest dispersal in Manila's Mendiola district Wednesday noon showed riot policemen repeatedly hitting protesters, including an old woman, even as the militant's rally had been broken up.

Fifteen protesters were arrested and over a dozen were injured, including 10 policemen, in the dispersal, the second in Mendiola in as many days.

Bunye apologizes to solons after walkout (abs-cbnnews.com)

Press Secretary Ignacio Bunye apologized to members of the House Committee on Appropriations after walking out of the budget deliberations while undergoing questioning on Thursday. 

Bunye said his walkout was not intended to insult the committee but was his reaction to what he perceived as "a personal insult and attempt to use the budget hearing for purposes other than what it is intended for."

"Over lunch, I have had the opportunity to reflect on what transpired and I have come to conclusion that I may have overreacted," Bunye told lawmakers. 

He added: "They say that actions speak louder than words. My coming back here this afternoon reaffirms my recognition of this committee's legislative authority."

NDF condemns gov't for suspension of immunity guarantee (inq7.net)
 

THE CHIEF peace negotiator of the National Democratic Front has condemned the government's "repeated invalid suspension" of the Joint Agreement on Safety and Immunity Guarantees (JASIG) that provides immunity guarantees to all members of communist peace panel.

"The JASIG does not provide for suspension. What it provides for is termination to take effect 30 days after notice. Yet the Arroyo regime claims that this notice of suspension takes effect immediately. It is exposing both its treachery and utter disrespect for the terms of the JASIG," said Luis Jalandoni, chief of the NDF peace panel, in an e-mailed statement from Utrecht, the Netherlands.

On Wednesday, the Arroyo administration formally cancelled the immunity guarantees extended to 97 communist rebel negotiators for the second time in three months after the communist rebels allegedly refused to reopen peace talks.

The move threatens the possible arrest of 97 NDF personnel and volunteers with pending court cases.

GMA to Senate: Get back to work (abs-cbnnews.com)

President Arroyo on Thursday scored the Senate anew as she challenged them to drop the investigations and concentrate on their legislative chores amid the ongoing investigation on the fertilizer scam.

In a speech delivered during the oath taking of officers elected in the recent Autonomous Region in Muslim Mindanao elections, Mrs. Arroyo told her detractors to stop wasting their time on political debacles and start working for the good of the country.

"Today, I issue these challenges...to certain senators: stop your mindless preoccupation with all things political and do something. Pass our national budget, create jobs, build our stockpiles of rice, bring health insurance to the poor, construct more schools. Stop your wrangling and get to work. Time is wasting as the people suffer," the President said in a speech.

Shares close lower mixed by 0.08 percent, peso slightly weaker (philstar.com)
 
Local stocks closed lower Thursday despite select bargain-hunting, the index moving down by 1.59 points to 1,939.35. 

The All-Shares market also closed lower by 1.72 points to 1,177.87. 

Most of the subindicators registered in the red except for oil and property. Oil was holding steady while property gained by 4.85 points. Mining was the hardest hit, down by 92.54 points. 

Trade volume was pegged at 907 million shares worth 513 million pesos. Decliners beat advancers, 45 against 22, with 52 issues unchanged. 

At the foreign exchange market, the local currency stumbled against the US dollar at 55.809 pesos during mid-day trades. This was lower than yesterday's close of 55.770 pesos.

 

 

 

      Peso-Dollar Exchange Rate 
      Official Rate from the Philippine Dealing System 
     

 

      PDS Wtd. Avg. 
     Previous Close 
     
      P55.809 = $1.00 
     55.770 
     
            Open
           55.730
           
            High
           55.860
           
            Low
           55.730
           
            Close
           0
           
            Volume (US$)
           294M
           

     
      As of October 06, 2005 1:50 PM
     
      Disclaimer: These are based on Philippine Dealing System rates.
      Actual bank rates may vary.
     

 

 
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