Apr 152015
 
Drilon wary of new wave of black propaganda vs Senate

Senate President Franklin Drilon delivering his eulogy for former Senator Flavier. (MNS photo) MANILA (Mabuhay) – While “elated” and “humbled” by a recent survey showing rising public satisfaction with his work, Senate President Franklin Drilon said he was bracing for a new wave of negative propaganda against him and the chamber. From a moderate +28 percent in December, 2014, Drilon’s net satisfaction rating rose to a good +35 percent in the Social Weather Stations (SWS) survey conducted from March 20 to 23, 2015. Based on the survey, it is the rise is the highest among the country’s top officials. “I am elated and humbled by the results of the latest SWS survey showing a renewed people’s trust and confidence to my office in the past months,” the Senate leader said in a statement on Monday. “I know that there is no better and more apt way to show to the Filipino people that I value and deserve their trust, than by working even harder, and fulfilling my duties to the Senate with greater zeal,” he said. Drilon said that he would continue “to listen to the voice and will of the people,” which have always guided him in every decision he makes as a senator, and as a public servant. The Senate President also topped the recent Pulse Asia survey, which gave him a near majority public approval rating of 49%, higher than his 47% approval rating last November 2014. However, Drilon said, public appreciation with his work might not Read More …

Apr 142015
 
Biz Buzz: Bidders or dummies?

While a good deal of people reflected over whether they ever subjected their household help to “yaya meals,” a quiet development occurred recently in the rebidding for the Cavite Laguna Expressway public-private partnership (PPP) deal. It appears that another entity—Gatmaitan Yap Patacsil Gutierrez & Protacio—has acquired bid documents for Calax, bringing the number of “interested” groups to four, apart from San Miguel Corp., Manuel V. Pangilinan’s Metro Pacific Investments Corp. and business consultancy firm Reyes Tacandong & Co. It’s quite clear that, apart from SMC and Metro Pacific, the two other companies that bought bid documents did so on behalf of other groups. The question now is, who are they? Our government insiders have their suspicions, based on clues littered about. In fact, perhaps a bit anticlimactically, they think these are either current bidders or groups that had previously joined but decided that Calax wasn’t for them. We’ll get to the why in a bit, but recall that it costs a lot more to bid for Calax compared to a year ago. After the drama that played out in round 1, a participant must now need to shell out at least P20.1 billion as a floor bid for a chance to win the toll road deal, which costs another P35.4 billion to build. With that in mind, Biz Buzz insiders were struck, for example, at how the representative of Reyes Tacandong & Co. was very “confident” in their meetings and had very few clarifications and questions. A new bidder, they Read More …

Apr 142015
 
Murad’s Youthcam gives you the skinny on your skin

Smile, you’re on camera: The Murad counter on the first floor of Rustan’s Makati, with a skin specialist manning the Youthcam, which analyzes your skin Photos by Walter Bollozos We all have our issues when we look into the camera. While I’ve been growing increasingly concerned about the fine lines and wrinkles that start to plague every 40-something, like the truth-telling mirror in Snow White, Murad’s Youthcam gave me the real skinny on the state of my skin. It’s like getting a skin consultation for free. At the Murad counter in Rustan’s, you put your chin in a little cup in front of the camera and it takes a snapshot of the side of your face. Hooked up to a laptop, the Youthcam then analyzes your skin in terms of five skin conditions: fine lines and wrinkles, pigmentation, inflammation, redness and pores. “It will give you a percentage and count of each skin concern, so you’ll know which one is highest,” says Aprille Cabrera of Rustan’s Cosmetics & Toiletries Division, Skin Care Category. “When someone comes for a skin consultation and says they’re really concerned about acne, for example, what the camera and Murad’s skin health specialists do is we address your concerns, but the camera shows you your major concerns in terms of scores of each aspect.” With zero as the perfect score, what the Youthcam showed was that sun damage and discoloration was my primary skin concern at 34.26 percent, followed by fine lines and wrinkles at 28 Read More …

Apr 132015
 
US stocks sag ahead of 1st-quarter earnings

In this Monday, Aug. 8, 2011, file photo, a pedestrian walks past the New York Stock Exchange in New York. US markets sagged Monday ahead of the takeoff of first-quarter earnings season, with traders hedging their bets after last week’s solid gains. AP PHOTO/JIN LEE NEW YORK–US markets sagged Monday ahead of the takeoff of first-quarter earnings season, with traders hedging their bets after last week’s solid gains. The Dow Jones Industrial Average finished down 80.61 points (0.45 percent) at 17,977.04. The broad-based S&P 500 fell 9.63 (0.46 percent) to 2,092.43, while the tech-rich Nasdaq Composite Index lost 7.73 (0.15 percent) at 4,988.25. The markets opened higher with the S&P 500 poised to make another run at its all-time record, but sellers took over halfway through the session. David Levy of Kenjol Capital Management said investors are taking a break to see what happens during the week. Earnings season gets going on Tuesday with JPMorgan Chase (+0.7 percent) and Wells Fargo (+0.6 percent) both reporting. General Electric, which primed last Friday’s market rise with a 10.8 percent gain on its plan to hive off most of its banking business, reversed course to fall 3.1 percent, pulling the Dow down. GE will release its first-quarter earnings report on Friday. Among tech shares, Facebook’s 1.2 percent rise and Netflix’s 4.4 percent rise limited the Nasdaq Composite’s fall. Comcast, though, dropped 1.7 percent. Bond prices were mixed. The yield on the 10-year US Treasury slipped to 1.94 percent from 1.95 percent Friday, while Read More …

Apr 132015
 
Bulk of 2015 budget released in 1st quarter

More than 81 percent of the 2015 national budget or a total of P2.126 trillion has been released as of the end of the first quarter, the latest Department of Budget and Management (DBM) data showed. Total disbursements as of the end of March included continuing appropriations under the 2014 general appropriations and the supplemental budget. The national budget for this year amounts to P2.606 trillion. Releases under the original 2015 appropriations hit P2.095 trillion or 80.4 percent of the total. In a statement issued Monday, the DBM said the first quarter releases were bigger this year than the 63.7 percent released in the same period last year. Also, comprehensive releases to government departments as of the end of March reached 92.5 percent of the total or P1.234 trilion, higher than the 89.4 percent disbursed to government agencies in the same period in 2014. The DBM attributed the faster disbursement to government departments to the implementation of the general appropriations act (GAA)-as-release-document regime since last year. “Under the GAA-as-release-document regime, departments and agencies can begin obligating funds, start procurement procedures, and enter into contracts without securing a special allotment release order (SARO) from DBM. The GAA is used as the official release document, which facilitates speedier project execution and reduces bottlenecks,” the DBM said. Of the first quarter releases, a total of P1.295 trillion was under the GAA, of which P61.36 billion were poured into special purpose funds. Thus, of the P1.740 trillion programmed as allotment releases under the 2015 Read More …

Apr 132015
 
Hollywood fashion designer Oliver Tolentino, the mesmerizer

Oliver Tolentino’s El Paseo show opening gown with model Tutay Maristela. PHOTO BY HYDEE ABRAHAN SAN FRANCISCO – High up on the 31st-floor Windsor Suite of the Westin Saint Francis Hotel one sunny spring afternoon, we found ourselves at the exclusive trunk show of Hollywood fashion designer Oliver Tolentino, dapper in his own bespoke black and cream jacket. We looked at the gowns on display and we were impressed. It is well worth the wait for an anxious bride, debutante, or celebrity. He proudly explained the details of the beaded gowns and how it is all well worth the big bucks since it take the beaders six months to finish the intricate designs. Just on the fragile jusi fabric alone, the labor intensive weaving, he said, takes one day to produce a yard. The ever smiling Oliver has made himself at home in the glitzy red carpets and runways of America, showing off his gowns and cocktail dresses with intricate, hand-made embroidery on gossamer fabrics such as Philippine-made jusi, pina (made from pineapple fiber) and silk. And he has built quite a following among would-be brides and celebrities such as Sophia Bush, Mayim Bialik and Anna Paquin. A week prior to his San Francisco visit, Tolentino’s press agent reported that his collection “mesmerized” Palm Springs when he brought his talents – and Philippine fabrics – to the jet-set vacation town when he showed a limited collection as part of Fashion Week El Paseo’s 10th Anniversary show.  Eight past “Designers of Read More …

Apr 132015
 
Why are local officials the Ombudsman’s top subjects? Pimentel wants to know

Senator Koko Pimentel, chair of the Blue Ribbon Sub-committee, together with Senate Majority Leader Alan Peter Cayetano and Antonio Trillanes IV, listen to businessman Roberto Ongpin as he faces the Senate panel for the first time. (MNS photo) MANILA (Mabuhay) – Senator Aquilino Pimentel III wants to know the extent of graft and corruption practices allegedly committed by local officials that make them the top subject of the cases filed by the Ombudsman in the last four years. In Senate Resolution 1260 he filed on April 6, Pimentel urged the Senate committee on local government to conduct an inquiry into the Ombudman’s report that for four consecutive years since 2011, local officials top the list of the most number of cases filed before the anti-graft body. “It becomes imperative to conduct an inquiry into the Ombudsman report to find out the varying forms of graft and corrupt practices that have been committed by the LGU officials, which led to the filing of graft cases against them,” Pimentel said. Also, he said it is necessary “to determine if the existing anti-corruption laws such as Republic Act No. 3019 (Anti-Graft and Corrupt Practices Act); Republic Act No. 6713 (Code of Conduct and Ethical Standards for Public Officials and Employees); Republic Act No. 9485 (Anti-Red Tape Act of 2007); and other related laws are sufficient to deter graft and corruption.” A total of 2,053 cases were filed against local officials in 2014, the Office of the Ombudsman’s report showed. However, the anti-graft body Read More …

Apr 122015
 
So devastates defending US Chess champ Kamsky

Grandmaster Wesley So with former actress Lotis Key, whose family So lives with in Minnesota, at the US Chess Championships. PHOTO BY LENNART OOTES. LAS VEGAS, Nevada — Wesley So exacted a measure of revenge on his rivals, demolishing defending champion Gata Kamsky in the 10th round while Hikaru Nakamura virtually sewed up the US Championships in Saint Louis. Playing precisely with the black pieces, So built up a formidable kingside pawn advantage and was on the verge of capturing a knight when Kamsky, last year’s champion, resigned on the 56th move. Coming off a 9th round forfeit, it was a remarkable display of poise by So, who nevertheless is now out of the running for the $45,000 first prize with just one round left. It looks like Nakamura has it in the bag after disposing off his closest rival, Ray Robson. The two drew after only 30 moves, leaving Nakamura with seven points and Robson with 6.5 points. Nakamura only has to draw with Alexander Onischuk in tomorrow’s final round to regain the championships he last won in 2012. So will face 16-year-old Kayden Troff, but with only 5.5 points in 10 games, the Filipino grandmaster is mired at fourth place, half-a-point behind Onischuk, who is at third with 6/10 record. In the world’s live ratings, both Nakamura and So have slipped. The 27-year-old Nakamura, who at one point climbed as high as No. 2, is now No 4, as of April 11 with 2796.1 points. So is in Read More …

Apr 122015
 
Rep. Binay comes to dad's defense, explains source of Binays' P630-M wealth

Although Senator Antonio Trillanes IV is keeping mum on the new allegations of corruption he claims to have against Vice President Jejomar Binay, Makati City Rep. Mar-len Abigail Binay has taken it upon herself to explain what she thinks will be tackled at the resumption of the Senate’s hearing against her father Monday— her parents’ wealth. In a statement, Rep. Binay said her family can fully account for the P254 million in bank deposits that the Anti-Money Laundering Council (AMLC) claims her father had accumulated from 2007 to 2014. She said a study of the the cash flow statements of the vice president and his wife, former Makati Mayor Elenita Binay, will show they have accumulated P630.9 million over the past 27 years. Of this amount, over P330 million came from JCB Farms, a piggery business which the vice president started in 1994 with a P400,000 capital while P14 million came from his salaries as a public official from 1986 to 2013, Rep. Binay said. In addition, the vice president had collected more than P4 million in professional fees from his law practice while his wife earned more than P49 million from her flower shop business, Blooms and Bouquets. Also included in the cash flow is over P13 million in excess campaign contributions of the vice president, which his daughter said he disclosed in the Statement of Contribution and Expenditures he filed with the Commission on Elections. Rep. Binay said her father had disposed of his business interests for a profit Read More …

Apr 112015
 
Harsh reality of waiting 24 years before being reunited with siblings

WITH NUMEROUS petitions being filed and limited number of visas available, it is taking several years for visas to be available on approved petitions. For Filipinos who are waiting for visas, the wait can take longer than two decades. Bernadette is a US citizen and has one sister in Manila who recently became a widow. Bernadette wants to petition her sister so they can live in the United States together during their twilight years. Bernadette is now 69 years old and her sister is just a year younger. Bernadette was informed that she can file a petition for her sister and it will be approved in a year. She filed the immigrant petition. The petition was approved with a priority date of 2014. Bernadette was excited but was told that the visa will not be issued to her sister until after 24 years. Why is it taking so long for family petitions to be processed? Modernizing visa system For Filipino nationals, the waiting period ranges from 2 to 24 years. Petition by green card holders for their spouse and minor children is currently taking around two years while petitions by US citizens for their siblings is currently around 24 years. There is no uniformity in the movement of the priority date for each preference category in any given year. For instance for sibling petitions, in 2013, the priority date under the fourth preference category was 1989; and, moved to 1990 in 2014; and, is now 1991 currently for 2015. Under Read More …