[Blueboard] Newsbriefs 26 January Afternoon

Simbahang Lingkod ng Bayan slb at admu.edu.ph
Thu Jan 26 17:07:24 PHT 2006


Newsbriefs 26 January Afternoon

Simbahang Lingkod ng Bayan

http://newbriefs.blogspot.com

 

Davide slammed for taking position as presidential adviser (news.inq7.net )

 

FORMER senator Rene Saguisag said former Chief Justice Hilario Davide Jr.'s acceptance of his appointment as President Gloria Macapagal-Arroyo's adviser on electoral reforms demeaned the Supreme Court because it placed a former chief magistrate of the land "under the beck and call of Malacañang."

Speaking to reporters at the Sandiganbayan on Wednesday, Saguisag warned that Davide's "prestige or whatever is left of it will be misused" as Ms Arroyo "would only use Davide and exploit his timidity."

Saguisag was referring to instances when the Judicial Bar Council under Davide allegedly accepted without question the names of people that the President supposedly wanted included on its list of nominees for judicial positions.

Saguisag said that if Davide really wanted to help in reforming the electoral system, he could do so in an informal capacity without accepting an appointment from Arroyo.

Special Prosecutor Dennis Villa-Ignacio had another view. He said Davide's appointment as presidential adviser on electoral reforms would enhance the reform process because of the retired magistrate's experience.

The appointment also drew mixed reactions from senators.

Garci probers detect cover-up, plot (abs-cbnnews.com)



Makati Rep. Teodoro Locsin on Thursday said the joint House panel that investigated the "Hello, Garci" wiretapping controversy found evidence to suggest of an attempted cover-up by the Arroyo administration after the scandal broke out last year.

At the same time, he said congressmen also detected a conspiracy to overthrow President Arroyo with the wiretap scandal as pretext.

"We found two things that are contentious. One was that we thought we found cover-up or damage control on the part of administration in the Hello, Garci tapes. And on other hand, we found clear evidence of a conspiracy to overthrow the government using the Garci tapes and one of the key elements was a bribe of P2 million to buy the tapes," Locsin said.

Locsin said that although neither the administration nor the opposition would admit to the findings, the testimonies and evidence submitted to the committees point to the two contentious issues. 

Honasan: Alliance of former presidents could ward off coup (abs-cbnnews.com)

Former senator Gregorio Honasan on Thursday said an alliance between former presidents Corazon Aquino, Fidel Ramos and Joseph Estrada may head off a possible coup attempt against President Arroyo. 

"Mayroon tayong panukala bago 'yung Pasko na magusap-usap na sila dating pangulong FVR, pangulong Erap, pangulong cory  para magkaisa sila sa posisyon nila at kausapin si Pangulong Arroyo. So hanggat maari dapat ang solusyon dito ay dialogue, kung maari. (There was a proposal for a dialogue between former presidents Ramos, Estrada and Aquino so they could agree on a position and talk to Mrs. Arroyo. As much as possible, the only possible solution to this is dialogue)," Honasan told DZMM. 

Honasan, who participated in three coup attempts in the late 80s, said the lack of dialogue between the Arroyo administration and opposition leaders is disturbing various sectors in government including the Armed Forces. 

The former senator also appealed to the military and government to avoid a bloody confrontation with members of a failed mutiny two years ago. 
He warned that once lives are lost the situation becomes very difficult to contain. 

The Armed Forces of the Philippines earlier confirmed a new plot to overthrow the administration following the escape of four leaders of the 2003 Oakwood mutiny from military detention this month. 

Drilon seeks transparency in military probe on poll fraud (news.inq7.net )

 

SENATE President Franklin Drilon has asked Malacañang and the Armed Forces of the Philippines to release to the Senate the results of a military investigation on the role of four generals in the alleged 2004 poll fraud.

Drilon said Defense Secretary Avelino Cruz, Military chief General Generoso Senga, and Mayuga, now Navy chief, promised during a budget hearing on November 22 that the results of the investigation would be made public.

On July 2005, Mayuga started investigating the involvement of at least four generals in alleged poll fraud after they were named in wiretapped tapes that also recorded phone conversations between President Gloria Macapagal-Arroyo and a former election commissioner that reports later identified as Virgilio Garcillano.

Of the four generals mentioned, Army Lieutenant General Hermogenes Esperon and Southern Command chief Major General Gabriel Habacon were promoted.

Lieutenant General Roy Kyamko has since retired and retired Brigadier General Francisco Gudani is facing a court martial for testifying before the Senate without the President's permission.

Floods hit N. Ecija, Quezon towns (abs-cbnnews.com)

The National Disaster Coordinating Council (NDCC) on Thursday said it is monitoring two municipalities in Gabaldon, Nueva Ecija province, due to rising floods. 

NDCC Director Neri Amparo said an undetermined number of residents were evacuated in Bagong Sicat and Tagumpay towns Thursday. 

She added that Jones town in Isabela has been isolated after floodwaters inundated overflow bridges leading to the town. 

Water levels at Magat Dam in Isabela reached critical levels late Wednesday, prompting officials to open up all six water gates at 6 a.m. Thursday. 

The local government of Aurora, Quezon, on Thursday asked for additional calamity funds from the national government due to increased flooding in the province for the past few days. 

Shares close slightly higher on PLDT rise ( XFN-Asia)

(UPDATE) SHARE prices closed slightly higher, with the main index extending its gains for a third straight session, as Philippine Long Distance Telephone Co.'s (PLDT's) extended rally offset the declines of other heavyweights, dealers said. 



They said positioning before an expected increase in the value-added tax (VAT) rate boosted sentiment, although they expect the market to consolidate following recent swings, and in anticipation of the Lunar New Year, when most foreign fund managers will be on holiday. 



The composite index closed up 5.32 points or 0.25 percent at 2,117.81, after moving between 2,109.27 and 2,125.32. 



The broader all-shares index advanced 14.04 points to 1,020.24. 



Losers outnumbered gainers 43 to 38, while 57 stocks ended unchanged. 



Volume was 2.37 billion shares worth 1.1 billion pesos. 



Top-traded PLDT rose 45 pesos or 2.51 percent to 1,840, on volume of 171,540 shares worth 1,840 million pesos. 



"There is continued optimism on the government's fiscal outlook as we draw closer to February 1. Investors are hopeful that the much-needed tax raise will be implemented as committed by the government," said Banco de Oro Universal Bank market strategist Jonathan Ravelas. 



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

 

      PDS Close 
     Previous Close 
     
      P52.440 = $1.00 
     52.460 
     
            Open
           52.400
           
            High
           52.530
           
            Low
           52.360
           
            Close
           52.440
           
            Volume (US$)
           470.2M
           

     
      As of January 26, 2006 4:37 PM
     
      Disclaimer: These are based on Philippine Dealing System rates.
      Actual bank rates may vary
     

 
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