[Blueboard] Newsbriefs 12 October Afternoon

Simbahang Lingkod ng Bayan slb at admu.edu.ph
Wed Oct 12 15:58:24 PHT 2005

Newsbriefs 12 October Afternoon

Simbahang Lingkod ng Bayan


Typhoon Nando threatens northern Luzon (abs-cbnnews.com)

"Weather bureau PAGASA on Wednesday said typhoon Nando (international name: Kirogi) has intensified and continues to threaten the provinces of northern Luzon. 

As of 11 a.m. Wednesday, PAGASA said satellite and surface data tracked the weather disturbance at 1, 040 kilometers east northeast of northern Luzon with maximum sustained winds of 160 kilometers per hour near the center and gustiness of up to 195 kilometers per hour. It continues to move west northwest at three kilometers per hour.

The weather bureau forecast the typhoon to be 1,000 kilometers east northeast of northern Luzon by Thursday morning and 970 kilometers east northeast of northern Luzon by Friday morning.

By Saturday morning, it is expected to be 980 kilometers east northeast of northern Luzon or 680 kilometers east southeast of Okinawa in Japan, PAGASA added."

House bill filed vs govt's anti-rally policies (abs-cbnnews.com)

"Bayan Muna party-list Rep. Satur Ocampo on Wednesday filed a bill seeking to repeal Batas Pambansa 880, which is being used by the government to implement the "no permit, no rally" policy and the "calibrated preemptive response" against street protests that seek President Arroyo's ouster.

Ocampo filed House Bill 1555, or the Freedom of Expression Act, on the same day Interior Secretary Angelo Reyes, NCRPO chief Vidal Querol and lawyers from the Commission on Human Rights (CHR) were being investigated at a human rights committee hearing on brutal police dispersals of protests actions.

"This bill repeals the Marcosian relic Batasang Pambansa 880. It seeks to ensure the untrammeled exercise of civil rights without unnecessary and unreasonable impediments," the bill said.

It added: "Its underlying premise is basic: the constitutional rights of the people peaceably to assemble and petition the government for redress of grievances are essential and vital to the individual and the collective strength and stability of the nation." 

Senate assures LGUs of prompt action on proposed 2006 national budget (philstar.com)

"Senate President Franklin Drilon assured local government unit (LGUs) officials Tuesday that the chamber would act promptly in approving the proposed 1.053 trillion peso national budget for 2006 "provided that the revenue collection projections in the measure are deemed reasonable." 

During a dialogue with officers of the League of Provinces of the Philippines (LPP) and the Union of Local Authorities of the Philippines (ULAP), the senators were also asked to support two key Malacañang initiatives designed to benefit local development: the Kilos Asenso (Move for Progress) and the Kalayaan Barangay (Barangay Freedom) programs. 

During the dialogue, which was also attended by Senators Edgardo Angara, Juan Ponce Enrile, Ramon Magsaysay Jr. and Mar Roxas, LPP National President and Bohol Governor Erico Aumentado complained that the delay in the enactment of the national budgets in the past two years derailed the release of Internal Revenue Allotments (IRA) to local governments." 

Senate keeps custody of Gonzales (abs-cbnnews.com)

"National Security Adviser Norberto Gonzales will remain in the custody of the Senate though the Supreme Court gave his lawyers and the Senate blue ribbon committee five days to submit affidavits in defense of oral arguments made Tuesday.

The high tribunal made the decision after almost eight hours of oral arguments late Tuesday night between Gonzales' lawyers and senators who ordered his detention.

Gonzales' lawyers said he should be freed from Senate custody because the national security chief was not in contempt of the chamber. The lawyers said Gonzales did not refuse to answer the senators' questions regarding the controversial government contract with US lobby group Venable LLP."

RP urges UN to speed up anti-terror pact (abs-cbnnews.com)

"The Philippines has urged the United Nations General Assembly to complete the draft Comprehensive International Convention on Terrorism, which will establish the legal framework on prevention, repression and elimination of terrorism, ABS-CBN learned Wednesday. 

Ambassador Lauro Baja Jr., permanent Philippine representative to the UN, urged the assembly to "walk the talk against terrorism" during the Sixth (Legal) Committee of the 60th General Assembly. 

"The Philippines believes that the United Nations can find common ground, a common cause to defeat the common adversary. Detection of terrorism and of terrorists and implementation of measures against these should be that common ground," Baja said." 

Villar seeks end to foreign-assisted projects (abs-cnnnews.com)

"Senator Manuel Villar on Wednesday said the government should consider dropping foreign-assisted projects, like the North Luzon Railways Corp. (Northrail), because they usually end up as high-level sources of corruption.

"Malaking percent ng corruption ay nanggagaling sa foreign-assisted projects. Halimbawa 'yong Northrail, hindi ko sinasabing meron d'yan, example lang 'yan ng isa sa malalaking project na 'pag ine-scrutinize mo, malalaki ang patong," Villar told DZMM. The senator is chairman of the Senate finance and accounts committees.

The senator said the foreign governments and companies may have taken advantage of the Philippines and its vulnerability especially in infrastructure projects. He said that by involving Philippine government officials in "under-the-table" deals, project irregularities are overlooked."

Shares close slightly lower on profit-taking (XFN-Asia)

"SHARE prices closed lower on modest profit-taking after Tuesday's advance and trading volume was thin amid a dearth of fresh trading leads, dealers said. 

The composite index ended down 5.96 points or 0.30 percent at 1,958.26 after trading between 1,957.64 and 1,964.74. Volume turnover was 260.60 million shares worth 596.84 million pesos. 

The broader all-shares index retreated 2.74 points to 1,187.46. 

Losers beat gainers 40 to 21, while 56 stocks closed flat. 

"It seems like the market has lost steam this early and is awaiting for further leads to fuel its rise," said Astro del Castillo, managing director at First Grade Holdings Inc." 

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


      PDS Wtd. Avg. 
     Previous Close 
      P55.855 = $1.00 
            Volume (US$)

      As of October 12, 2005 1:41 PM
      Disclaimer: These are based on Philippine Dealing System rates.
      Actual bank rates may vary.


-------------- next part --------------
An HTML attachment was scrubbed...
URL: https://lists.ateneo.edu/pipermail/blueboard/attachments/20051012/0a17ad21/attachment.html 

More information about the Blueboard mailing list