[Blueboard] Newsbriefs 14 October Afternoon

Simbahang Lingkod ng Bayan slb at admu.edu.ph
Fri Oct 14 17:15:00 PHT 2005

Newsbriefs 14 October Afternoon

Simbahang Lingkod ng Bayan


RP, US troops begin exercises to boost anti-terror drive (inq7.net)

"ABOUT 5,000 US and Philippine troops began new annual military exercises on Friday aimed at strengthening the Philippines' fight against terrorism. 

Over the next two weeks, US Marines and sailors will join Filipino soldiers in the training maneuvers, called "Talon Vision and Amphibious Landing Exercise."

Joint exercises by the two countries have taken on an urgency in recent years as the Philippine military has launched US-backed offensives against al-Qaeda-linked groups in the restive Muslim south.


"The exercises are designed to improve interoperability, increase readiness and continue the professional relationship between the United States and Philippine armed forces," Philippine marine spokesman Major Melquiades Ordiales said in a statement, as the two forces held an opening ceremony for the exercises in Manila.

Most of the events, such as amphibious landing exercises, will be held on the main northern island of Luzon, including at the former US Air Base in Clark."


Lay martial law issue to rest, Palace tells detractors (inq7.net)

"SAYING destabilization is "ebbing" and the situation is returning to normal, Malacañang has asked its detractors to put to rest the issue of martial law. 

"Rumormongers should lay this martial law issue to rest. The security situation is well under control. Destabilization is ebbing and we are going into normalcy," President Gloria Macapagal-Arroyo's spokesman Ignacio Bunye said in a statement on Friday.

Bunye said the country was ready for economic takeoff and stability was being restored.  Bunye's statement comes as street protests against Arroyo continue, a word war between the President and senators persists, and an espionage case involving stolen information from the White House on Arroyo and the country's political situation threatens to strain US-Philippine relations."


Bishops to march against Arroyo's 'immoral rule' (inq7.net)

"VOWING to fight any emergency measures President Gloria Macapagal-Arroyo may be contemplating to maintain her "illegitimate and immoral hold on power," three Roman Catholic bishops plan to lead hundreds of protesters on Friday afternoon in a march that will take them as close to Malacañang Palace as possible. 

Bishops Deogracias Iñiguez, Antonio Tobias, and Julio Xavier Labayen said they expect between 3,000 and 5,000 members and sympathizers of the Kilusang Makabansang Ekonomiya (KME, Movement for a Nationalist Economy) to take part in the protest. The group, which has been calling for the ouster of Ms Arroyo counts on members from the clergy and business sector.


The rally is expected to gather some political figures opposed to the Arroyo administration such as former Vice President Teofisto Guingona, former Senator Wigberto Tañada, former Pangasinan governor and now TV host Oscar Orbos, lawyer Lorna Kapunan, and Senator Jamby Madrigal.

The bishops suspect that the President is laying the groundwork for her exercise of extraordinary powers and said at a news conference yesterday that they were holding the march to protest the "eventual declaration" of emergency rule.


They said the administration was using the controversial Executive Orders 464 and 467 along with the "calibrated preemptive response" policy to condition the public into accepting emergency rule."


Stocks end flat (abs-cbnnews.com)

"Share prices end flat at the end of trading week, Friday.  The PSE index shed 0.1079 percent, or 2.11 points, to close at 1,952.90.

Traders said some investors were willing to take positions ahead of the weekend in the absence of fresh leads.  Traders added that some investors are waiting for the Sumpreme Court's final verdict on the legality of the expanded value-added tax."

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


      PDS Wtd. Avg. 
     Previous Close 
      P55.844 = $1.00 
            Volume (US$)

      As of October 14, 2005 2:33 PM
      Disclaimer: These are based on Philippine Dealing System rates.
      Actual bank rates may vary.
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