Moody’s Debt Rate for the Philippines
Moody’s Investors Service Tuesday changed to ‘Positive’ from ‘Stable’ its outlook on the Philippines’ banking system. In a report dated Dec 18, 2012, the debt watcher attributed the improvement of the outlook to the resiliency of the domestic economy, banks’ diversified loan portfolio and income sources and continued improvement of the sector’s asset quality, capitalization [...]
Republic Act No. 10175 Unconstitutional
Party-list groups Monday filed separate petitions before the Supreme Court seeking to declare unconstitutional some provisions of Republic Act No. 10175, or the Cybercrime Prevention Act of 2012. The petitioners asked the SC to issue the writs of prohibition and mandamus against the implementation of R.A. No. 10175. Among others, the petitioners are Kabataan party-list [...]
Sen. Antonio Trillanes IV vs Senate President Juan Ponce Enrile
By Jelly Musico Tension erupted at the Senate session hall Wednesday when Sen. Antonio Trillanes IV and Senate President Juan Ponce Enrile clashed over a local bill dividing Camarines Sur and on the role of Trillanes as the country’s special emissary on Panatag Shoal dispute with China. The ‘word war’ sparked when Trillanes delivered a [...]
Gotianum-led East West Banking Corporation or EastWest Bank
Micro, small and medium enterprises (MSMEs) in Sultan Kudarat province are getting another boost with the upcoming expansion in Tacurong City of the Gotianum-led East West Banking Corporation or EastWest Bank. Erwin Garcia, chair of the Sultan Kudarat Provincial Small and Medium Enterprises Development (PSMED) Council, said EastWest Bank has formally signified to open a [...]
Philippines 6th Dumaguete Adventure Marathon
Runners from different parts of the country and even abroad are expected to join the 6th Dumaguete Adventure Marathon in this city on Nov.18, 2012. Foundation University spearheads the sports activity that helps promote wellness and healthy environment through marathon. The 6th Dumaguete Adventure Marathon (DAM) was launched recently at the Robinsons Mall Atrium here [...]
Alay Lakad in Manila, Philippines
By Christopher Lloyd T. Caliwan Around 500,000 participants joined this Sunday’s “Alay Lakad” in Metro Manila organized by the Alay Lakad Foundation Inc. (ALFI) in cooperation with different government agencies, civic and non-governmental organizations to support and finance ALFI’s socioeconomic projects for the country’s out-of-school youth. Alay Lakad Executive Director Elizabeth Guzman said this year’s [...]
Military Reaction on President Aquino SONA 2012
The Armed Forces of the Philippines (AFP) on Monday lauded President Benigno S. Aquino III’s commitment to further upgrade and acquire new equipment for the military. “We are indeed very grateful for the continued and unprecedented support of our present Commander-in-Chief to the modernization and capability upgrade program of the AFP. The realization of the [...]
Comment on Philippine SONA of Noynoy Aquino
President Benigno Aquino III on Monday called his third state of the nation address (SONA) a “SONA of the Filipino nation” as he thanked those who have helped in bringing positive change in government. “I remember well those early days when we first started working. I was keenly aware of the heavy burdens we would [...]
Benigno Aquino SONA 2012
Senator Edgardo J. Angara is expecting President Benigno S. Aquino III to mention the government’s achievements in economy, education, healthcare and agricultural productivity in his third State-of-the- Nation Address (SONA) on Monday. “First quarter growth was strong. We are just one notch below attaining investment grade for the first time ever. The unemployment rate also [...]