Mar 302015
 
Bourse closes higher with drop in crude prices

MANILA, Philippines (Xinhua) – The stock market touched the 8,000 level for the first time today as investors cheered the drop in crude prices. The bellwether Philippine Stock Exchange index skyrocketed to as high as 8,007.98 before profit takers started trimming down the gains. By the final bell, the local barometer was up by 0.27 percent or 21.45 points to 7,899.41. On the other hand, the broader all-share index gained 0.08 percent or 3.81 points to 4,550.21. Trading volume reached 1.05 billion shares worth P9.51 billion ($212.29 million) with 106 stocks declining, 74 advancing, and 47 unchanged. Of the six counters, only the mining and oil and the property sector bucked the trend. Online brokerage 2TradeAsia.com said participants cheered the latest overnight drop in crude prices. Business ( Article MRec ), pagematch: 1, sectionmatch: 1 Brent crude oil was down 47 cents to 55.94 US dollars a barrel as Iran and world powers discuss a deal over Tehran’s nuclear program that could result in increase in Iranian oil. “This marks the 23rd all-time record this year out of 58 sessions so far. Thus the PSEi laid to rest all doubts on whether it could hit 8,000 this year but does raise the question of whether it can be sustained,”  analyst Justino Calaycay of Accord Capital Equities Corp. said. Stocks in the 30-company index closed mixed. Investors picked up shares of Ayala Corp., SM Investments, Corp., and Globe Telecom, Inc. but sold down Megaworld Corp. and Alliance Global Group, Inc. 

Mar 302015
 
Philippines among Happiest Countries in the World

Is it really more fun in the Philippines? Maybe its residents can convince you. Filipinos are one of the happiest citizens in the world according to a global survey. The Philippines follows close behind ten Latin American countries – most of them sharing ranks based on the results of a Gallup poll Positive Experience Index released a day before the United Nations International Day of Happiness on March 20. Gallup asked 1,000 individuals aged 15 or older in 143 countries in 2014 if they had positive experiences on the day before the survey. Results are based on telephone and face-to-face interviews. Gallup compiled the “yes” responses from five questions: “Did you feel well-rested yesterday?”, “Did you smile or laugh a lot yesterday?”, “Did you learn or do something interesting yesterday?”, “Were you treated with respect all day yesterday?” and “Did you experience the following feelings during a lot of the day yesterday? How about enjoyment?” into a Positive Experience Index score for each country. Paraguay topped the survey with a score of 89. In second, third and fourth places are Colombia, Ecuador and Guatemala which all received a score of 84. Honduras, Panama and Venezuela shared the fifth, sixth and seventh place on the list with a score of 82. Costa Rica, El Salvador and Nicaragua got 81, placing eighth, ninth, and tenth. The Philippines received a score of 80, sharing the spot with Singapore, Switzerland and Uruguay. Money isn’t everything. Latin American countries aren’t the wealthiest countries but they Read More …

Mar 302015
 
SolGen seeks suspension of CA hearing on Binay plea

The Office of the Solicitor General has asked the Court of Appeals to suspend hearings on Makati Mayor Junjun Binay’s petition contesting his preventive suspension. Assistant Solicitor General Hermes Ocampo said the CA hearings should be stopped pending the resolution of the Office of the Ombudsman’s petition with the Supreme Court against Binay’s petition. “We filed a motion to suspend proceedings on the grounds of judicial courtesy, considering last week, March 25, respondent Ombudsman filed a petition for certiori before the honorable Supreme Court,” Ocampo told the CA justices from the Sixth Division. “While the SC has not issued a TRO (temporary restraining order), we respectfully invoke the limited and qualified application of the doctrine of judicial courtesy,” he added. CA Associate Justice Jose Reyes Jr., however, thumbed down the suspension plea. “The principle of judicial courtesy should be applied with prudence and caution on order for justice to be served,” he said. Ocampo said pushing through with the CA hearing would render the petition with the SC “moot and moribund.” In response, Binay lawyer, Claro Certeza, opposed the solicitor general’s request, saying, “There is no basis for this honorable tribunal to suspend proceedings.” He cited Rule 65, Section 7 of the Rules of Court. Section 7 on “Expediting proceedings; injunctive relief” states: “The court in which the petition is filed may issue orders expediting the proceedings, and it may also grant a temporary restraining order or a writ of preliminary injunction for the preservation of the rights of the Read More …

Mar 302015
 
Sandiganbayan denies Jinggoy Estrada’s plea vs. freeze order on P183M in assets

The Sandiganbayan Fifth Division on Monday denied the motion for reconsideration filed by detained Sen. Jinggoy Estrada regarding the ordered attachment and freeze of his assets, in relation to his alleged involvement with the pork barrel scam. In a five-page resolution issued Monday, the anti graft court denied Estrada’s motion which asked the court to reverse its earlier ruling to temporarily freeze P183.793 million worth of his assets pending the resolution of of his plunder and graft cases. “As movant has not filed a counter bond and as his arguments heron are unmeritorious, there is therefore no compelling reason to lift the attachment while the main case is still pending,” the court said. Estrada’s main argument is that his plunder and graft cases have yet to be decided. However, the Sandiganbayan said in its decision that since a writ of attachment was an ex-parte motion, a case didn’t need to be resolved for the order to freeze an accused’s assets to be valid. “With regards to motions in general, the Rules of Court requires only that motions be heard; it does not direct the court to order the filing of comments or oppositions to the motion before the motion is resolved,” the court said. The decision also referenced the Supreme Court in saying stopping the freeze order would be grossly unfair to the prosecution, which was well within its rights to ask for the freeze of Estrada’s assets “On the other hand, borrowing the words of the Supreme Court, ‘allowing Read More …

Mar 302015
 
Makabayan bloc readies 20 questions in case PNoy attends House probe on Mamasapano clash

Makabayan bloc wants PNoy to attend Mamasapano hearing. House members under the Makabayan bloc on Monday, March 30, present a letter requesting President Benigno Aquino III to attend the House of Representatives’ hearing on the January 25 Mamasapano incident after the Holy Week. Xianne Arcangel Although House leaders aren’t keen on inviting President Benigno Aquino III to the resumption of the House of Representatives’ hearings on the Mamasapano clash next week, the progressive Makabayan bloc isn’t giving up hope that he will show up and answer the 20 questions its members have prepared for him. In a letter dated March 30, the seven-member bloc asked Reps. Jeffrey Ferrer and Jim Hataman-Salliman, chairs of the two House committees investigating the bloody Jan. 25 police operation, to invite Aquino to the hearings scheduled on April 7 and 8 to shed light on a number of issues surrounding the incident, such as the extent of the United States’ involvement and his knowledge about the covert police mission. “In light… of the findings of the Senate committee on public order and the Philippine National Police Board of Inquiry, it is necessary for the House of Representatives to investigate further into significant issues raised but not completely resolved by the said bodies… An analysis of both the Senate and BOI reports will lead to the conclusion that it is only the President himself who will be able to shed light on these matters,” the group said.The progressive bloc is composed of party-list representatives Neri Colmenares Read More …

Mar 292015
 
Claudine Barretto admits she’s ‘civil’ with Raymart, Marjorie

Claudine Barretto on Raymart Santiago: “We failed as husband and wife. We’re trying not to fail as parents now.” Instagram/Claudine Barretto MANILA, Philippines – Actress Claudine Baretto said she is “civil” with estranged husband Raymart Santiago. Reports that Claudine and Raymart are currently in good terms again after their on-and-off falling out surfaced after the two were seen together attending a fun run with their children, Sabina and Santino, earlier this month. Claudine even posted a photo of Raymart on her Instagram account. A photo posted by @claubarretto on Mar 8, 2015 at 10:21pm PDT Entertainment ( Article MRec ), pagematch: 1, sectionmatch: 1 “We’re very civil. Yes, now we’re talking,” Claudine told ABS-CBN’s showbiz talk show “The Buzz” in an interview aired Sunday. She added, when asked about the custody case Raymart filed against her: “Napagusapan namin na sana let’s not talk about each other anymore, or let’s not accept questions regarding each other kung hindi maganda yung sasabihin natin.” RELATED: Raymart on marriage with Claudine “We’re trying to be good parents for the kids,” Claudine also said. She added, “We failed as husband and wife. We’re trying not to fail as parents now.” Claudine said she is also “civil” with older sister Marjorie. It can be remembered that the two had a public falling out in 2013, after Marjorie and sister Gretchen after the two supported Raymart’s allegations that Claudine is mentally ill and has a history of drug abuse. But Claudine and Marjorie were seen reunited at Read More …

Mar 292015
 
Tsunami alert for Philippines after New Guinea quake

Photo from usgs SYDNEY, Australia — A powerful earthquake rattled the South Pacific nation of Papua New Guinea on Monday, prompting officials to issue a tsunami warning for vast swathes of the Pacific and as far north as Russia. The magnitude-7.7 earthquake struck at a depth of 65 kilometers (40 miles), about 50 kilometers (30 miles) southeast of the town of Kokopo in northeastern Papua New Guinea, the U.S. Geological Survey said. The Pacific Tsunami Warning Center said hazardous tsunami waves could hit coasts located within 1,000 kilometers (620 miles) of Kokopo, with waves between 1 to 3 meters (3 to 10 feet) possible for Papua New Guinea. Farther afield, tsunami waves of less than 0.3 meters (1 foot) could hit other Pacific island nations, Russia, China, Japan, Australia, New Zealand, the Philippines, Indonesia, Hawaii, Mexico, Guatemala, Costa Rica, Panama, Colombia, Ecuador, Peru, Chile and Antarctica later Monday, the tsunami warning center said. The Japan Meteorological Agency, however, said there was no tsunami risk to Japan from the quake. Officials in the capital, Port Moresby, were working to contact their counterparts in the outer provinces, but there had been no reports of damage or injuries within an hour of the quake striking, said Martin Mose, acting director for Papua New Guinea’s National Disaster Center. No one had reported seeing any tsunami waves, he added. “The situation seems to be under control at this stage,” he said. The quake caused strong shaking and knocked items off shelves in Kokopo, but had Read More …

Mar 292015
 
LOOK:  MTRCB catches bus showing lewd movies amid Holy Week exodus

Amid the Holy Week exodus, at least one province-bound bus was not allowed to proceed with its trip Monday, after an inspection team caught it showing lewd movies. Inspectors from the Movie and Television Review and Classification Board caught the showing during an inspection at the Araneta Center bus terminal, radio dzBB’s Allan Gatus reported. Photos tweeted by Gatus showed the bus belonged to R. Volante line and had license plate EVP-120. One of the photos even showed the driver of the “offending” bus having a poster of Jesus Christ. The MTRCB and Land Transportation Franchising and Regulatory Board conducted the inspections as the Holy Week exodus is expected to peak until at least Wednesday. The MTRCB wants to make sure the films shown do not go beyond Parental Guidance. “Ito’y napakalaswang panoorin para ipalabas sa publiko,” the dzBB report quoted MTRCB board member Gladys Reyes as saying. Children are expected to be among the passengers of buses bound for the provinces, as Filipinos try to spend Holy Week with their loved ones. Earlier, the LTFRB held their own inspections, to make sure the buses are safe and roadworthy. —Joel Locsin/KG, GMA News