Jan 292013
 
Tubbataha Reef accident ignored during meeting of PH officials with US lawmakers

By Tarra Quismundo Philippine Daily Inquirer 8:59 pm | Tuesday, January 29th, 2013 Philippine Foreign Affairs Secretary Albert Del Rosario, right, looks at the guest book which was signed by visiting US congressmen led by Edward Royce, R-Calif., left, Chairman of the House Committee on Foreign Affairs, Tuesday, Jan. 29, 2013, in Manila, Philippines. Rep. Royce is in Manila for talks with top Philippine officials, including President Benigno Aquino III, aimed at strengthening relations between the two countries. Others in the photo are Rep. Eliot Engel, D-New York, second from left, Rep. Vern Buchanan, R-Fla., third from left, Rep. Matt Salmon, R-Ariz., fourth from left, and Rep. Tom Marino, R-Pa., second from right. AP MANILA, Philippines — The grounding of a United States minesweeper ship on Tubbataha Reef and its increasing damage on the marine sanctuary and protected area in the Sulu Sea was apparently not on the agenda when a delegation of US lawmakers met with Philippine officials on Monday. Officials of the Department of Foreign Affairs (DFA) said discussions between the Philippine and US sides instead focused on furthering long-standing defense and economic ties between the two countries. Environmental issues were discussed broadly, with focus on Philippine initiatives on preparing for and mitigating the impact of climate change, officials said. “There was a discussion of the leadership of the Philippines in terms of conservation of the environment,” said Foreign Affairs Assistant Secretary for American Affairs Carlos Sorreta, who was present in the meeting. Asked if there was an Read More …

Jan 272013
 
Democrats in PH celebrate Obama reelection

By Tarra QuismundoPhilippine Daily Inquirer 4:31 am | Monday, January 28th, 2013 US President Barack Obama. AP PHOTO While thousands of miles away from their homeland, American Democrats in the Philippines celebrated the reelection of President Barack Obama. Democrats Abroad, an organization of Americans based in the Philippines, marked the second inauguration of Obama in a modest gathering on Saturday at a pub in Makati City. “Someone asked me during the elections ‘Why do you care [when] you live here?’  I said, well, it’s actually close to me, I have family there and I keep in touch and care about my family,” said Democrats Abroad vice chairperson Lisa Kircher Lumbao. A Philippine resident for 20 years now, Lumbao has been participating in US polls from the Philippines for the last four elections. For Lumbao, Obama’s reelection bodes well for both her birthplace and her current residence, citing the close relationship between the Philippines and the United States. “The Philippines is very affected by the US economy. The whole world is affected by the US economy. And having Obama elected is really good for the economy, compared to what the Republicans were proposing,” said Lumbao of the opposing party’s proposals on tax and spending cuts. More than 20 members showed up for Saturday’s inauguration party, where the group watched the Jan. 21 inaugural ceremonies at the National Mall in Washington D.C. Asked about international interest in the Democratic president, Lumbao said: “I think a lot of people are interested in the Read More …

Jan 232013
 

Philippine banks are immune to global economic shocks, one of the major international credit rating agencies said Monday. The post Moody’s say Philippine banks immune to global economic shocks appeared first on Good News Pilipinas. You might also like: Moody’s raises Philippine credit rating, citing healthy economy ADB says local banks shielded well from global crisis WB forecasts PH growth at more than 6% through 2015

Jan 212013
 

The Philippine economy is expected to continue growing by more than 6% in the next three years, according to a World Bank report. The post WB forecasts PH growth at more than 6% through 2015 appeared first on Good News Pilipinas. You might also like: World Bank raises Philippines 2012 growth forecast anew ADB hikes Philippine growth forecast, cuts rest of Asia ADB forecasts faster Phl economic growth in 2012 and 2013