President Duterte shakes hands with a Chinese military official: President Rodrigo R. Duterte shakes hands with a Chinese military official upon his arrival at the Beijing Capital International Airport on Monday (Oct. 17, 2016). (PNA photo by Toto Lozano/PPD/PNA) MANILA, Oct. 19 (PNA) — The Philippines’ current pivot to China concerns trade and not aids, with USD18 billion in export deals, USD6 billion foreign direct investments (FDI), some USD10 billion ODA loans for railways and the prospect of about 3 million tourists, and modern technology for renewable energy. Albay Rep. Joey Sarte Salceda articulated this perspective and said President Rodrigo Duterte’s visit to China, at the invitation by Chinese President Xi Jinping, is hailed by many as a game changing pivot in trade and investment. A noted economist, Salceda, in a recent TV interview said China is officially listed as third largest trading partner of the Philippines with about USD17 billion investment in the country, next to ASEAN with USD18 billion and Japan as the largest with USD21 billion. Contrary to common perceptions, he said the US comes only as the Philippines’ fourth largest trading partner, with USD16 billion investments. If informal trading is considered, he pointed out, China emerges as the Philippine’s largest partner, with about USD32 billion, and such massive trade relations do not benefit from protection nor promotion. He added that trading between the Philippines and China concerns mostly undeclared and undervalued commodities, resulting to trade imbalance of USD5 billion annually (USD11 billion import and USD6 billion Read More …
Cigarette packs with graphic health warnings: Anna Kapunan (center), spokesperson of Katipunars PSLINK, an association of nurses, shows samples of cigarette packs with graphic health warnings during a press briefing on Saving Lives Through the Full Implementation of the Graphic Health Warnings Law held at Max’s Restaurant, Quezon Memorial Circle, Quezon City on Wednesday (Oct. 19, 2016). With her in photo are (from right): Jorge Banal, president, Federation of Senior Citizens Associations of the Philippines; and Engr. Emer Rojas, president, New Vois Association of the Philippines. The World Health Organization (WHO) recommends graphic health warnings and higher taxes on tobacco products as two of the most effective ways to stop people from smoking. (PNA photo by Johnny D. Guevarra) MANILA, Oct. 19 (PNA) – Beginning Nov. 4, all tobacco products being manufactured and imported for sale in the Philippines must contain graphic health warnings in compliance with Republic Act No. 10643. “This means that cigarette packs must carry graphic health warnings and products with text only warnings are no longer allowed to be sold anywhere in the country,” Emer Rojas, president of the New Vois Association of the Philippines (NVAP) and a throat cancer survivor, said during a press briefing held in Quezon City Wednesday. Ratified in July 2014, RA 10643 mandates that all tobacco products being sold in the country carry graphic health warnings in the lower portion of the cigarette packs, covering at least 50 percent of both sides of the packages. A total of 12 templates or Read More …
Senator Leila de Lima, chair of the Committee on Justice and Human Rights, leads the inquiry on the extrajudicial killings, Monday morning.(MNS photo) MANILA, Oct. 18 (PNA) – Amid unresolved killings linked to the anti-illegal drugs campaign of the current administration, a senator on Tuesday urged the government to fix the campaign’s defects to prevent the number of killings from increasing. Senator Leila de Lima made this call citing an alternate report submitted by the Ateneo Human Rights Center (AHRC) last week noting that the administration has failed in addressing extrajudicial and summary killings in the country. The report also noted that the administration was more concerned on “winning the war on drugs, rather than investigating and preventing these killings.” Moreover, it also noted several defects in the implementation of intensified anti-illegal drug campaign which, as of last Sept. 15, claimed the lives of 986 since June 30, including innocent individuals, including children, treated as “collateral damage” in the anti-drive campaign. “The rash of extrajudicial and summary killings has become a serious concern not only domestically but also internationally. We cannot claim success in the government’s war against drugs if there are innocent individuals who are being summarily killed or those apprehended were not accorded due process of the law,” de Lima said. De Lima, who was former justice secretary, earlier filed Senate Bill No. 1197 which seeks to define extrajudicial killings and imposing penalties of life imprisonment without parole for any public officer, person in authority, agency of a Read More …
President Rodrigo Duterte delivers a message upon his arrival at the Francisco Bangoy International Airport in Davao City on September 30. (MNS photo) BANDAR SERI BEGAWAN, Oct. 18 (PNA) – A Palace official has described the bilateral meeting between President Rodrigo Duterte and Sultan Hassanal Bolkiah as very fruitful. In a press briefing held at the guest palace Istana Edinburgh Monday, Communication Secretary Martin Andanar said President Duterte and Sultan Bolkiah discussed several issues, such as the Brunei-Indonesia-Malaysia-Philippines East ASEAN Growth Area (BIMP-EAGA) and the peace process. The two leaders likewise touched on the drug situation in the Philippines, which Sultan Bolkiah recognized as a problem. The latter expressed support for the President’s anti-drug program, according to Andanar. Foreign Affairs Secretary Perfecto Yasay Jr., Trade Secretary Ramon Lopez, Peace Adviser Jesus Dureza, and Senator Alan Peter Cayetano, who formed part of the official delegation of the President in Brunei, also attended the media briefing. During the briefing with reporters, Lopez mentioned the revival of the subregional economic grouping BIMP-EAGA given the proximity of the four countries. Dureza, on the one hand, cited Brunei’s contribution to maintain the ceasefire in the Bangsamoro peace process. Also part of the discussion was the 2017 ASEAN chairmanship of the Philippines. Yasay said, “We had discussed the Philippines’ chairmanship of ASEAN for next year. And that the Sultan himself had expressed his fullest support to our President, who will be heading the chairmanship next year.” On the South China Sea issue, the President explained his Read More …
Barangay volunteers assist in the evacuation of residents of Barangay Casambalangan in Sta. Ana, Cagayan in preparation for Typhoon Lawin on Wednesday. Local government units carried out preemptive evacuation of residents after PAGASA issued a storm surge warning of up to 5 meters along coastal areas of Cagayan and Isabela. (MNS photo) MANILA, Oct 20 (Mabuhay) – Initial assessment from the National Disaster Risk Reduction and Management Council (NDRRMC) said that about 60,000 families were affected by Typhoon “Lawin” (international name: Haima). “Around 13,428 families or 61,126 persons were affected in 118 barangays (villages) in the regions of Ilocos, Cagayan, Central Luzon, Bicol and Cordillera,” the NDRRMC said. It added that 3,919 families or 15,328 persons were displaced and 3,825 families or 14,895 persons were taking shelter in evacuation centers. Lawin made landfall in Peñablaca, Cagayan at 11p.m. on Wednesday as a supertyphoon. The NDRRMC said that it had received reports from the regional DRRM councils that a number of infrastructures had been damaged, trees were uprooted and power lines were toppled. There were no immediate reports of deaths, it added. The NDRRMC said a region-wide power outage was reported in the Cordillera Administrative Region. “Some road networks in CAR, Cagayan and Isabela are impassable due to landslides, and toppled trees and electric posts” it added. The government is also getting ready for road reconnaissance for initial asssement of the damage brought by the typhoon. Lawin continued to weaken on Thursday morning, and is expected to leave the Philippine area Read More …
DAMAGE to agriculture caused by the consecutive typhoons code-named Karen and Lawin is estimated at P10.2 billion so far, according to the Department of Agriculture (DA).
CHINESE RULES for taking in Philippine agricultural products are still “unpredictable” and “restrictive” despite Malacañang’s pivot to Beijing, an industry association said.
As part of its continuing efforts to further streamline and standardize International Financial Reporting Standards (IFRS) around the world, the International Accounting Standards Board (IASB) issued an exposure draft (ED) on the revised Conceptual Framework for Financial Reporting (the Framework). The Framework is not itself a standard, but is instead akin to the “backbone” upon which the various standards are fleshed out. It provides a clear and consistent set of concepts to help define and standardize the objectives behind the various standards. The Framework not only helps the IASB develop and update IFRS, it also helps the preparers of financial statements create their own policies when no Standard applies to a particular transaction or event, or when a choice of accounting policies is allowed. In addition, it can also help others better understand and interpret IFRS.
Jessy Mendiola (MNS photo) Without going into the details of her supposed relationship, actress Jessy Mendiola said she is open to the idea of marrying TV host and actor Luis Manzano. In an interview, Mendiola was asked: “If there is one person, if there is one man, that you will marry at this point in your life, would that be Luis (Manzano)?” She replied with a simple “Yes.” Mendiola, however, declined to confirm if she and Luis are officially a couple. The actress added that it is better to ask Manzano about the real status of their relationship. Mendiola also revealed that she will attend the Star Magic Ball with Manzano. Recently, Mendiola attended the APAN Star Awards 2016 in South Korea, where she mingled with some of South Korea’s top actors and actresses. Mendiola, who has been named as an honorary Korea Tourism Ambassador to the Philippines, had her photos taken with Choi Jin-woong, Shin Dong-yup, Honey Lee, Chae Jung-an and “Descendants of the Sun” lead actor Song Joong-ki.(MNS)
Protesters lie on the ground after being hit by a police van during a rally against the Enhanced Defense Cooperation Agreement (EDCA) in front of the US embassy in Manila on Wednesday. A Philippine police van rammed and ran over the protesters. (MNS photo) MANILA, Oct 20 (Mabuhay) — Party-list lawmakers from the Makabayan bloc are asking the House of Representatives to investigate Wednesday’s violent dispersal in front of the US Embassy, where protesters were ran over by a police mobile. Through House Resolution 487, the lawmakers on Thursday urged chamber to condemn the assault on the protesters, saying it was a violation of the protesters’ right to peaceably assemble as enshrined in the 1987 Philippine Constitution. The lawmakers sought that “an immediate investigation, in aid of legislation, be conducted by the House committee on human rights, with the end view of crafting more measures protecting the interests of marginalized groups exercising their right to peaceably assemble and air their grievances, like the national minorities, and penalizing state security and police forces who violate the same.” The resolution was filed by Bayan Muna Rep. Carlos Isagani Zarate, Gabriela Rep. Emmi de Jesus, ACT Teachers Rep. Antonio Tinio, Anakpawis Rep. Ariel Casilao, Gabriela Rep. Arlene Rosas, and Kabataan Rep. Sarah Elago, who was among those hurt in the dispersal. Eleven of the protesters were injured, three of whom seriously, and hospitalized after being ran over by the vehicle driven by P03 Franklin Kho of the Manila Police District during Wednesday’s demonstration Read More …