[Blueboard] Newsbriefs 16 January Afternoon

Simbahang Lingkod ng Bayan slb at admu.edu.ph
Mon Jan 16 17:15:28 PHT 2006

Newsbriefs 16 January Afternoon

Simbahang Lingkod ng Bayan



House resolution vs moves to scrap 2007 polls filed (news.inq7.net)

"A RESOLUTION seeking to reject all moves to cancel the 2007 national and local elections was filed by partylist legislators at the House of Representatives Monday. 

The resolution was authored by Bayan Muna Congressmen Teodoro Casiño, Satur Ocampo, and Joel Virador; Gabriela Women's Partylist Representative Liza Maza; Anak Pawis Representatives Crispin Beltran and Rafael 
Mariano, and co-authored by 16 opposition lawmakers.

They warned of "massive political unrest" should Congress adopt a proposal by the Consultative Commission on Charter change to scrap the 2007 elections.

"The eruption of a massive political unrest is waiting to happen if Congress follows the proposal of the Consultative Commission to postpone the 2007 national and local elections," they said in the resolution.

The Commission headed by former University of the Philippines president Jose Abueva, made the recommendation, among others, to pave the way for a new Constitution that would replace the presidential system with a parliamentary form of government."

Lozano refiles impeachment complaint vs Arroyo (abs-cbnnews.com)

"Lawyer Oliver Lozano on Monday refiled an impeachment complaint against President Arroyo after being left out of a meeting of opposition lawmakers at Sulo Hotel in Quezon City. 

DZMM reports said Lozano he felt insulted at the opposition meeting and walked out. He proceeded to the House of Representatives' Secretary-General's office to refile the complaint.

Representatives of the Secretary-General's office said they were merely "receiving" the complaint because the one-year moratorium for the filing of another impeachment complaint still holds." 

Opposition to boycott Council of State meeting-Escudero (news.inq7.net)

"THE OPPOSITION group at the House of Representatives has decided to boycott the Council of State meeting on January 24, one of its leaders said. 

House Minority Leader Francis Escudero said Monday the opposition saw no reason why they had to participate in the meeting if the agenda was only to inform President Gloria Macapagal-Arroyo of the "issues and problems affecting the national interest."

"We have long been telling them the issues and the problems of our country. We might only be used for photo-op [photo opportunity]," Escudero said.

Escudero said the presence of the opposition in the meeting was unnecessary to relay to the administration the problems confronting the country.

"What we and the people are waiting [for] is their answer to our quest for reforms," he pointed out.

In a letter dated Jan. 11,2006, Executive Secretary Eduardo Ermita informed Escudero that he was invited to the meeting to be held in Malacañang at 10:00 a.m. next Tuesday."

No warrant of arrest issued vs 4 GIs on Monday (abs-cbnnews.com)

"The Department of Foreign Affairs failed to serve arrest warrants against four US soldiers in the Subic rape case on Monday since the United States Embassy was closed in observance of Martin Luther King Day.

Foreign Affairs Undersecretary Zosimo Paredes earlier said the DFA is still studying the Olongapo City Regional Trial Court's order to arrest the four US marines charged with raping a 22-year-old Filipina in November.

He added that the DFA still believes that the US marines should be turned over to Philippine authorities after the warrants had been served. 

Judge Renato Dilag of the Olongapo Regional Trial Court issued warrants Friday morning for the arrest of Staff Sgt. Chad Brian Carpentier, Lance Corporals Daniel Smith, Keith Silkwood and Dominic Duplantis.

The judge said the warrants are based on evidence submitted by the prosecutors implicating the four marines in the rape case."

Legarda to PET: Ask House to explain missing ERs (news.inq7.net)

"FORMER senator Loren Legarda has asked the Presidential Electoral Tribunal to order the House of Representatives to explain about the missing election returns (ERs). 

In her 25-page Urgent Omnibus Motion, Legarda said some of the missing ERs were from six towns in Lanao Del Sur namely Taparan, Bacolod, Kalawi, Ganassi, Sultan Gummander, and Kapai.

The former vice presidential candidate said Congress had to explain what happened to the ERs.

If Congress can neither explain what happened nor produce the poll documents, Legarda said the PET should allow her to produce her own copies to come either from the Commission on Elections (Comelec), National Citizens' Movement for Free Elections (Namfrel), or from her own party Koalisyon ng Nagkakaisang Pilipino (Coalition of United Filipinos, KNP).

Legarda protested the results in the vice presidential race in 2004, which her archrival Noli de Castro won."

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

"SHARE prices closed lower for the second straight session on profit-taking in heavyweights that have risen sharply in past weeks, such as Ayala Land, dealers said. 

The composite index ended down 10.51 points or 0.49 percent at 2,137.76, after trading between 2,133.72 and 2,148.27. Volume stood at 1.11 billion shares worth 920.17 million pesos. 

The broader all-shares index fell 3.12 points to 1,008.99. 

However, gainers marginally outnumbered decliners 39 to 37, while 47 stocks were unchanged. 

"Profit-taking is not only confined to the Philippine market and, given the uptrend we've had since the start of the year, the decline is only natural," said AB Capital Securities research head Jose Vistan. 

Dealers said market sentiment might have been dampened by the renewed rise in oil prices as well as political concerns arising from calls for President Gloria Arroyo to cut short her term." 

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


      PDS Close 
     Previous Close 
      P52.395 = $1.00 
            Volume (US$)

      As of January 13, 2006 4:51 PM
      Disclaimer: These are based on Philippine Dealing System rates.
      Actual bank rates may vary.

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