Nov 252016
 
Marcos admin PM Virata receives award from Japanese gov’t

Former Prime Minister Cesar Virata receives the Imperial Decoration of the Grand Cordon of the Order of the Rising Sun from Ambassador Kazuhide Ishikawa. PHOTO FROM THE JAPAN INFORMATION AND CULTURE CENTER. Cesar Virata, prime minister during the Marcos administration, was honored by the Japanese government for promoting strong ties between the Philippines and Japan. The Japanese Information and Culture Center (JICC), in a release, said Ambassador Kazuhide Ishikawa hosted at his residence the conferment ceremony of the Imperial Decoration of the Grand Cordon of the Order of the Rising Sun. “This was awarded in recognition of Honorable Virata’s contribution to promoting friendly relations and developing economic cooperation between Japan and the Philippines,” it said. “The decoration was decided on November 3rd by the Government of Japan.” Virata, who was also former president Ferdinand Marcos’ finance minister, is seen in photos carrying the award and posing with the ambassador and Senator Franklin Drilon. Drilon, who was awarded the Grand Cordon of the Order of the Rising Sun in Tokyo, gave a congratulatory remark during the event. READ: Japan gives Drilon rare honor He received his decoration from Japan’s emperor last November 8. IDL Senator Franklin drilon joins Former Prime Minister Cesar Virata in receiving the Imperial Decoration of the Grand Cordon of the Order of the Rising Sun from Ambassador Kazuhide Ishikawa. PHOTO FROM THE JAPAN INFORMATION AND CULTURE CENTER. TAGS: Cesar Virata, Japan, Japanese Information and Culture Center For feedback, complaints, or inquiries, contact us.

Nov 242016
 
Pimentel: House cannot dictate Senate over de Lima

Senate President Aquilino Pimentel III said the House of Representatives cannot dictate them over what to do with Sen. Leila de Lima, a News To Go report said Friday.  This came after the House committee on justice issued a show cause order against De Lima, following the testimony of her former driver-bodyguard Ronnie Dayan and his daughter, Hannah Mae, saying the senator asked him to snub the House inquiry on the proliferation of drugs at the New Bilibid Prison, despite a subpoena issued against him.  During the hearing, Rep. Harry Roque also called on the Senate to “remove” De Lima from office to “maintain the integrity of the institution.”  In response, Pimentel was quoted as saying this is unrealistic.  The requests should also be coursed through proper channels, he added.  Earlier, De Lima’s partymates in the Senate rallied behind her, and said the House should recognize the inter-parliamentary courtesy. —Rose-An Jessica Dioquino/KG, GMA News

Nov 242016
 
BI nabs more than 1,200 Chinese suspected working illegally in PH

The Bureau of Immigration on Thursday arrested 1,269 Chinese nationals suspected to be illegally working in Clark, Pampanga. Citing initial reports, BI commissioner Jaime Morente said the foreigners were apprehended at a popular rest and recreation facility there. The operation was carried out due to a directive from the Department of Justice. Morente said the foreigners’ documents are being verified based on intelligence information that the Chinese nationals illegally entered the country to work here. In an initial report to the BI chief, the agency’s Fugitive Search Unit said the operation was carried out at Fontana in Clark, in cooperation with local police units. The arrested foreigners are being processed and secured by elements of the Special Action Force at the Fontana food center, said BI spokesperson Tonette Mangrobang. CDG RELATED STORIES BI probes foreign traders, firms BI orders expulsion of 155 foreigners working illegally in PH TAGS: Bureau of Immigration, Chinese, Department of Justice, illegal work For feedback, complaints, or inquiries, contact us.

Nov 242016
 
Philippines well poised to lead Asean

Since coming to power in June, Philippine President Rodrigo Duterte has made global headlines, a rarity for national leaders in Southeast Asia. His comments on his country’s relations with major powers – the US, China, Japan and Russia – have been extraordinary for their divergence from conventional wisdom. Now the time has come for him to demonstrate his leadership finesse in representing the region. The Philippines is the incoming chair of the Association of Southeast Asian Nations, succeeding Laos, which has done a good job despite limited resources and modest expectations. In contrast, the Philippines has the most outspoken leader in Asean and expectations are high that it will raise the bloc’s profile to a new level in the year ahead as it takes over the rotating duty at the helm. Adding to this sense is the fact that the chairmanship coincides with the association’s 50th anniversary. Manila has indicated it is ready for the task, even conceiving the sweeping, snappy new theme “Partnership for changes, engaging the world”. READ: Duterte formally accepts PH hosting of Asean summit in 2017 It’s clear that whatever the Philippines has in mind for its tenure as Asean chair will have to take into account the historic importance of this milestone, coming at a time when the region is facing serious challenges. Several agenda items stand out as being the most critical. Firstly, the Philippines will give top priority to making Asean a people-centered, peopled-oriented community. The Asean Economic Community has entered its second Read More …

Nov 242016
 
Putin offered good deal for guns—Duterte

Russia has offered to sell rifles to the Philippines at an apparent bargain after a United States senator questioned the country’s planned purchase of guns from America, according to President Duterte who is seeking more robust ties with Moscow. Mr. Duterte had met with Russian President Vladimir Putin made at the Asia-Pacific Economic Cooperation summit in Peru. The Philippines’ planned purchase of assault rifles from the United States has been put under review after Democratic Sen. Ben Cardin questioned the sale amid concerns over human rights violations. Mr. Duterte said the Philippines would explore other potential transactions that offer “better deals and more advantageous terms.” Putin had offered to sell guns to the Philippines, he said. “If the Senate—I forgot, Cardin?—does not want to sell rifles to us, Putin said that you can have, I’ll give you, buy one and take one. Almost like that,” he said in a press briefing upon arrival from Peru and New Zealand. “He said, ‘If you cannot buy arms anywhere, you go to me,’” he added. Upon arrival Wednesday night in Davao, Duterte said he did not discuss any arms deal with Putin during their meeting in Peru. The President, who bristles at criticism of his antidrug war and the killings that have marked it, said he sees no reason to “belabor the point” with Cardin. There are other countries the Philippines can ask for help, he said. But he added that a country should not deprive an ally of key equipment. Mr. Duterte Read More …

Nov 242016
 
Bargain hunters boost share prices

Bargain hunters continued to lift the stock market yesterday, sustaining Wednesday’s gains and reversing the downward trend last Monday and Tuesday. AP Photo/Bullit Marquez MANILA, Philippines – Bargain hunters continued to lift the stock market yesterday, sustaining Wednesday’s gains and reversing the downward trend last Monday and Tuesday. The benchmark Philippine Stock Exchange index (PSEi) grew 36.67 percent to 0.54 percent to finish at 6,873.31, while the broader All Shares index gained 21.54 points or 0.52 percent to finish at 4,170.64. Most indices ended in positive territory led by mining and oil counter which gained 271.06 points or 2.23 percent. Total value turnover reached P6.17 billion. Advancing stocks outnumbered decliners, 113 to 65 while 47 stocks were left unchanged. Analysts said bargain hunting perked up yesterday’s trading session. Among the top gainers during yesterday’s session are Oriental Peninsula Resources (up 17.80 percent to P1.39), Dizon Copper Silver Mines Inc. (up 13.18 percent to close at P12.88), Bogo Medellin Milling  (up 11.11 percent to finish at P100) and Arthaland Corp. (up 10 percent to close at P0.33 percent). Business ( Article MRec ), pagematch: 1, sectionmatch: 1 However, despite the gains, the PSEi remained below the 7,000 mark. In an interview yesterday, Philippine Stock Exchange (PSE) president Hans Sicat said the market remains affected by global volatility. “It’s due to external factors,” Sicat said. Despite the volatility, he expressed optimism that fund raising activity through the local stock market remains a viable option for many companies.

Nov 242016
 
Support our steel industry

In principle I am for free trade. It makes no sense to protect local industries that have failed to be competitive for decades. Foreign competition encourages domestic industries to become more efficient and this benefits local consumers. We have to avoid rent seeking that protects infant industries that never grow up. This is how the entrenched elite behind these non-competitive local industries use government protectionist policies to abuse domestic consumers. But we must stand up against unfair competition from foreign manufacturers. We must not allow them to threaten the viability of local industries that are showing a lot of promise and are already making headway. Dumping is one example of unfair trade. Dumping happens when imports are priced below reasonable manufacturing cost. China, for instance, subsidizes state owned manufacturers so they can afford to sell below production cost like what is happening in the steel industry. President Duterte has said time and again that he wants a strong steel industry to serve as the cornerstone of our industrialization program. But will his words turn into action in the face of unfair competition from China? The local steel industry is now asking President Duterte to stop smuggling and importation of dumped steel products from China. There has been a surge of rebars imported from China, even if there is sufficient local manufacturing capacity. Business ( Article MRec ), pagematch: 1, sectionmatch: 1 Our steel industry is essentially steel rebar manufacturing that is slowly expanding to other products. Local industry capacity is Read More …