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Saturday, March 25, 2017

'She betrayed us with her dishonest message to UN' —Alvarez

MANILA — (UPDATED) A lawyer associated with former President Ferdinand Marcos on Monday filed an impeachment complaint against Vice President Leni Robredo for her criticism of the administration's bloody war on drugs.

The complaint for violation of the constitution and betrayal of public trust was sent by Oliver Lozano to the office of House Speaker Pantaleon Alvarez, a staunch ally of President Rodrigo Duterte.

Alvarez earlier said he was mulling whether to file a complaint himself.

"She is the termite of the government," Lozano said in a letter seeking endorsement of his six-page complaint.

In their letter to Alvarez, Lozano and another Marcos supporter, Melchor Chavez, said Robredo “committed acts of injustice” when she spread “fake news” about the Philippines to the world when she sent a video to a side event of the United Nations Commission on Narcotic Drugs meeting (CND) last week, criticizing the government’s war on drugs.

“She betrayed the people by shaming the nation with her dishonest message to the United Nations,” the letter reads.

“The respondent is duty bound to act within the framework of the Constitution but her acts of dishonesty and moral bankruptcy breached the bounds of the Fundamental Law.”

In the video, Robredo decried the killings linked to the war on drugs and also revealed a so-called “palit-ulo” scheme wherein authorities would supposedly take a family member instead in case the original person on the drug list could not be found.


Alvarez said this was "irresponsible."

"This is the first time a high government official has sent a video clip maligning our country," he said in a radio interview on Monday.

"But Robredo doesn't present any iota of evidence for her claims, not even a single instance of the human rights violations she alleges, not even newspaper reports on these; nor does she refer to any report detailing her accusations,” Lozano and Chavez’s letter to Alvarez reads.

"It gets worse though. Robredo in her message to the UN made it appear that the rule of law in our country has so totally broken down that victims of human rights violations are given no recourse.”

COMPLAINT AGAINST ROBREDO 'BASELESS"

Meanwhile, Deputy Speaker Romero "Miro" Quimbo said the House of Representatives should not spend time on the complaint filed by Lozano.

"The House of Representatives should not spend a single second on this baseless complaint. It's a mere scrap of paper that is supported not by any evidence, but by mere erroneous conclusions of law," he said in a statement.

"Congress will only end up wasting time better spent on much needed legislation including those on tax reform, traffic crisis act, as well as those that seek to make economic gains more inclusive," Quimbo added.

For Quimbo, congressmen should not allow "recidivist impeachers" to drag the Congress "into their petty political charades."

"Ginagawa nilang dalawa singko ang impeachment. It's a travesty to our political institutions if we are to allow these people to cheapen this process," he said.

'TRUTH-TELLING NOT AN IMPEACHABLE OFFENSE'

Robredo's lawyer, Barry Gutierrez, is confident the vice president has done nothing wrong. "Truth-telling can never be an impeachable offense," he told reporters.

Lozano's complaint was submitted four days after lower house representative Gary Alejano filed an impeachment complaint against Duterte, accusing him of offenses ranging from conflict of interest and assets concealment to extrajudicial killings.

The complaints against Robredo and Duterte will not be handled by Congress until May at the earliest, as the legislature is in recess.

Congress is dominated by lawmakers who are allied with the president. Robredo's Liberal Party is in the minority.

Duterte has denied wrongdoing, and his allies say the impeachment motion against him would be soundly defeated.

A one-third vote in the 292-member lower house would impeach either executive official and pave the way for a Senate trial in which a two-thirds majority would be needed to remove the impeached official.

Duterte on Sunday welcomed the impeachment complaint, as well as the prospect of the International Criminal Court putting him on trial over his war on drugs, saying his campaign would be unrelenting and "brutal" and he would not be intimidated into ending it.

Robredo defeated by a slim margin of the former Senator Ferdinand Marcos, in the 2016 vice-presidential race.

Marcos' camp has been urging the Supreme Court, which sits as the Presidential Electoral Tribunal, to swiftly act on his electoral protest against Robredo.








VIRAL: 'Leni is so irresponsible' —Alvarez


MANILA — (UPDATED) A lawyer associated with former President Ferdinand Marcos on Monday filed an impeachment complaint against Vice President Leni Robredo for her criticism of the administration's bloody war on drugs.

The complaint for violation of the constitution and betrayal of public trust was sent by Oliver Lozano to the office of House Speaker Pantaleon Alvarez, a staunch ally of President Rodrigo Duterte.

Alvarez earlier said he was mulling whether to file a complaint himself.

"She is the termite of the government," Lozano said in a letter seeking endorsement of his six-page complaint.

In their letter to Alvarez, Lozano and another Marcos supporter, Melchor Chavez, said Robredo “committed acts of injustice” when she spread “fake news” about the Philippines to the world when she sent a video to a side event of the United Nations Commission on Narcotic Drugs meeting (CND) last week, criticizing the government’s war on drugs.

“She betrayed the people by shaming the nation with her dishonest message to the United Nations,” the letter reads.

“The respondent is duty bound to act within the framework of the Constitution but her acts of dishonesty and moral bankruptcy breached the bounds of the Fundamental Law.”

In the video, Robredo decried the killings linked to the war on drugs and also revealed a so-called “palit-ulo” scheme wherein authorities would supposedly take a family member instead in case the original person on the drug list could not be found.


Alvarez said this was "irresponsible."

"This is the first time a high government official has sent a video clip maligning our country," he said in a radio interview on Monday.

"But Robredo doesn't present any iota of evidence for her claims, not even a single instance of the human rights violations she alleges, not even newspaper reports on these; nor does she refer to any report detailing her accusations,” Lozano and Chavez’s letter to Alvarez reads.

"It gets worse though. Robredo in her message to the UN made it appear that the rule of law in our country has so totally broken down that victims of human rights violations are given no recourse.”

COMPLAINT AGAINST ROBREDO 'BASELESS"

Meanwhile, Deputy Speaker Romero "Miro" Quimbo said the House of Representatives should not spend time on the complaint filed by Lozano.

"The House of Representatives should not spend a single second on this baseless complaint. It's a mere scrap of paper that is supported not by any evidence, but by mere erroneous conclusions of law," he said in a statement.

"Congress will only end up wasting time better spent on much needed legislation including those on tax reform, traffic crisis act, as well as those that seek to make economic gains more inclusive," Quimbo added.

For Quimbo, congressmen should not allow "recidivist impeachers" to drag the Congress "into their petty political charades."

"Ginagawa nilang dalawa singko ang impeachment. It's a travesty to our political institutions if we are to allow these people to cheapen this process," he said.

'TRUTH-TELLING NOT AN IMPEACHABLE OFFENSE'

Robredo's lawyer, Barry Gutierrez
, is confident the vice president has done nothing wrong. "Truth-telling can never be an impeachable offense," he told reporters.

Lozano's complaint was submitted four days after lower house representative Gary Alejano filed an impeachment complaint against Duterte, accusing him of offenses ranging from conflict of interest and assets concealment to extrajudicial killings.

The complaints against Robredo and Duterte will not be handled by Congress until May at the earliest, as the legislature is in recess.

Congress is dominated by lawmakers who are allied with the president. Robredo's Liberal Party is in the minority.

Duterte has denied wrongdoing, and his allies say the impeachment motion against him would be soundly defeated.

A one-third vote in the 292-member lower house would impeach either executive official and pave the way for a Senate trial in which a two-thirds majority would be needed to remove the impeached official.

Duterte on Sunday welcomed the impeachment complaint, as well as the prospect of the International Criminal Court putting him on trial over his war on drugs, saying his campaign would be unrelenting and "brutal" and he would not be intimidated into ending it.

Robredo defeated by a slim margin the late dictator's son, former Senator Ferdinand Marcos, in the 2016 vice-presidential race.

Marcos' camp has been urging the Supreme Court, which sits as the Presidential Electoral Tribunal, to swiftly act on his electoral protest against Robredo.





Tuesday, November 29, 2016

Leila de Lima, nakahanda ng ipadampot ng kamara!

Image result for pantaleon alvarez

MANILA, Philippines – Explain or be detained.

Speaker Pantaleon Alvarez had this to
say to Sen. Leila de Lima as he warned of a possible warrant of arrest should she snub the House justice committee’s show-cause order against her.
The panel ordered her to appear and explain why she should not be cited for ordering her former driver Ronnie Dayan not to attend the ongoing congressional inquiry on the drug trade at the New Bilibid Prisons (NBP).

According to Alvarez, he will issue a warrant of arrest if she does not show up at their hearing.
“I think she has to explain why she had interfered with the House proceedings,” he told ANC. “(If she doesn’t), I’ll be forced to issue a warrant of arrest.”

Alvarez also insisted that it was De Lima who violated interparliamentary courtesy first when she told Dayan not to appear at their hearing and said any arrest is not intended to insult the Senate.
“Is that parliamentary courtesy? Who violated parliamentary courtesy?

Ito, may offense doon sa institution. Kami naman, nire-respeto namin yung Senado. Walang problema doon, pero ‘wag naman na yung mismong legitimate proceedings ng House ay pinapaki-alaman ng isang miyembro [There is an offense against the institution.

We of course respect the Senate. We don’t have a problem with it, but we won’t tolerate that a legitimate proceeding of the House is being interfered with by a member,” he said.
“It is an individual offense committed by Senator De Lima, not by the Senate,” Alvarez added.

Video:



Sources :
ABS-CBN, Philippine Star, CNN Philippines


Tuesday, November 22, 2016

Ronnie Dayan lover at bagman ni De Lima, arestado na!

Ronnie Dayan, Senator Leila de Lima's former driver and alleged bagman, has been arrested by authorities in La Union, police said Tuesday.
Police said Dayan was arrested Tuesday at 11:30 a.m. at Sitio Turod , Brgy. San Felipe in San Juan, La Union.
Dayan has not been seen in his residence in Urbiztondo, Pangasinan since President Duterte tagged him as De Lima's lover and alleged link to the drug lords detained at the New Bilibid Prison.


Sources: ABS-CBN

Direct Link: http://news.abs-cbn.com/news/11/22/16/ronnie-dayan-arrested-in-la-union-police

Illuminati manipulating Philippines


Secret Society o tinatawag na Illuminati, yan ang sekretong organisasyon na nagmamanipula sa mga maliliit na bansa kabilang na ang Pilipinas. Ang mga taong kumakatawan upang maisakutaparan ang plano ng mga illuminati ay mga POLITIKO.

Sino ang mga Politikong miyembro ng samahang ito? Sila sila nga ba ang magkakagrupo upang manakaw nila ang yaman ng mundo at patuloy na mahawakan sa leeg ang Global politics and economics?? Gaano kalaki ang kontribusyon ng mainstream media upang maisagawa ng mga illuminati ang kanilang plano at paniwalaan ito?

Alamin mo dito kabayan baka sakaling makatulong sa ating paghahanap ng katotohanan.


WATCH THE VIDEO HERE:




Sources: Facebook

Robredo camp troubled over reports of planned ballot recount




Metro Manila
— The camp of Vice President Leni Robredo issues a statement after reports surfaced, that votes cast during the May elections would be recounted.
Georgina Hernandez, Robredo's spokesperson, said on Sunday, "The objective is to steal the vice presidency from VP Leni."

Hernandez added, "This fear and grave concern are exacerbated by the way the Marcoses sneaked the burial of the dictator from the Filipino public. To get what they desperately want, they have resorted to impunity and complete disregard for the rule of law."
Former President Ferdinand Marcos was buried at the Libingan ng mga Bayani on November 19, 27 years after his death, after the Supreme Court ruled 9-5, dismissing all petitions against it.

Hernandez asks citizens to be more vigilant about "any extralegal movements during this dark time in our history and we thank those who remain committed to a free and just society."
She added, "We continue to have faith in our judicial system and we believe that any decision will be based on truth."


Sources: CNN Philippines

Four subpoenas for De Lima






MANILA – Senator Leila De Lima on Monday confirmed the receipt of four subpoenas from the Department of Justice in relation to accusations she violated Republic Act No. 9165, An Act Instituting the Comprehensive Dangerous Drugs Act of 2002.

Among the complainants are the Volunteers Against Crime and Corruption, Reynaldo O. Esmeralda and Ruel M. Lasala; Jaybee Sebastian represented by his wife, Roxanne B. Sebastian and the National Bureau of Investigation.

“We take note that the subpoena orders were not to submit counter-affidavits yet but simply to obtain, personally or through a representative, copies of these complaints and other supporting affidavits and evidence on Dec. 2, 1 p.m., at the Department of Justice’s Executive Lounge," de Lima said.

De Lima said her legal team is prepared to secure all these official copies of the complaints and their corresponding evidence, and to file appropriate counter-affidavits at a proper time.

The subpoena directed De Lima to examine all other evidence submitted by the complainants on December 2, 2016.

“You are hereby warned that failure on your part to comply with the subpoena shall be considered as a waiver of your right to be furnished copies of the complaint, supporting affidavits and other documents, as well as to examine all other evidence submitted by the complainant(s),” the document said.

Meanwhile, De Lima also denied the accusation that she is a protector and  financier of terrorists, saying "this is not only totally insane but also outrageously ridiculous!  It only exposes how this administration could bend so low at digging in the imagined dirt that it fails to see the public laughing at them."

“Like many of you, I too am exhausted and disgusted at this administration’s obsession for manufactured lies and malicious conjectures to smear my integrity and damage my name.  Sadly, some hapless pawns are more than willing to play in this vicious game of political persecution and character assassination,” De Lima said.

But, she added that "what is getting clearer to me and to most good people I know is that the administration’s demolition job against its political opponents is sinking to a new low to hide its own incompetence and recklessness to address more pressing national problems.”






Sources: interaksyon

Friday, November 18, 2016

Burying the Aquino myth




One of the most stunning myths ever foisted on Filipinos by a single family is that of Benigno S. Aquino Jr., his widow, Corazon Cojuangco Aquino, and their son, former President Benigno Simeon Cojuangco Aquino III.
The myth consists of three parts. First, the Aquino name represents competence and good governance.  Second, the Aquino name represents nationalism, patriotism, love of country, and the rescue of democracy.  Third, the Aquino name represents concern for the poor and inclusive growth.
There are two letters to describe the three—BS.  Bullsh*t.
And why is the Cojuangco-Aquino family so worked up about Ferdinand Edralin Marcos’ remains being laid to rest at the Libingan ng mga Bayani, the state-run cemetery for former presidents, heroes, and the dead of the armed forces?
Because when the nation buries Marcos at the Libingan, it will also bury with him the so-called Aquino legend, as described above. The former president’s interment is in effect a rewriting of history, a righting of a grievous wrong, and a rendering of credit where credit is due. The burial will be a restoration for the Marcoses and a diminution for and a shaming of the Aquino family.
Competence and good governance. Ninoy Aquino was senator of the republic of nearly four years.  In those four years, little is known about his output in terms of bills that became law.  Little.  He was famous for being a heckler, to Ferdinand Marcos and the First Lady Imelda Romualdez Marcos.
Ninoy’s widow, Cory Aquino, assumed power in February 1986 without the benefit of a rightful election.  She served for six years and four months.  During her presidency, the country was plunged into the most severe energy crisis in its history.  Blackouts of up to 18 hours were a daily occurrence.

 Hence, Cory acquired the monicker “The Queen of Darkness.” The electricity shortage brought forth economic slowdown and deterred investments, thus fueling inflation, promoting joblessness and overall despondency and poverty.

Today, we still suffer from the after effects of that crisis, by paying among the highest-priced electricity in the world.
Under Cory, the communist New People’s Army grew to unprecedented strength, up to 35,000 armed regulars, and reaching a level of strategic confrontation with the government.  She revived the Muslim separatist movement.

The country was riven by discord.  After six years, the people became poorer than they were in 1986.   Economic growth was stunted.  Even today, we have 25 million Filipinos mired in poverty.  During her presidency, Cory was crippled by seven coup attempts.


Yet, today, Cory Aquino is known to the world as an angel, a freedom fighter, the Mother of Democracy, and the woman who inspired the Philippines’ most peaceful revolution, People Power I, and the restoration of democracy in some 30 other countries under a dictatorship.
The BS Aquino III presidency (June 30, 2010-June 30, 2016) is outranked only in incompetence and corruption of government people in his mother’s presidency.

 Yet, today, BS Aquino’s is the presidency that is supposed to have recaptured the Philippines’ lost decade of growth, made the country investment-grade for the first time, and one which achieved also for the first time, fiscal balance.


 Truth to tell, even if the president in the last six years were a dog or a rat, the Philippines would have achieved these milestones just the same.  The economy was so strong it could stand the worst level of incompetence and corruption which became remarkable under BS Aquino.
Love of country.  Ninoy’s father, Senator Benigno Aquino Sr. collaborated with the Japanese during the Japanese Occupation (when Marcos was fighting the occupiers) and was charged with for treason for collaborating with the enemy.
Senator Ninoy himself exposed a so-called Jabidah Massacre wherein commandos being trained in secret by President Marcos to invade Sabah (yes, our Sabah) were supposed to have been massacred in 1968.  No dead bodies were recovered from Manila Bay as evidence of a massacre.   Marcos believed that the best  way to secure a territorial claim was to occupy it.

Occupy Sabah was aborted because of Ninoy’s exposure of a bogus massacre.  You know how much Sabah is worth today?  Easily $3 trillion.  Enough to make every one of the 26 million poor Filipinos today very rich.
BS Aquino III himself, as president, allowed the Chinese to occupy Scarborough Shoal for four years, illegally.  He also allowed the Americans to operate five military bases in the Philippines.  That’s love of country?
Pro-poor and inclusive growth.   Under Cory Aquino, economic growth was stunted.  Under BS Aquino III, economic growth could have been better.  This is why we still have 25 million poor Filipinos despite the Philippines being one of the fastest-growing economies in Asia.
So let’s proceed with the burial of Marcos at Libingan and with that, bury with him the fake Aquino legacy.



2014 Appointee Customs deputy commissioner Lachica killed in Manila ambush


Deputy commissioner Arturo Lachica of the Bureau of Customs (BOC) was ambushed in Manila on Thursday night, an official of the Manila Police District (MPD) said.
Supt. Aquino Olivar, head of the Sampaloc police station, said Lachica, who was shot while his car was traveling along España Boulevard, was declared dead on arrival by physicians at United Doctors Medical Center.
Olivar said Lachica’s identification was provided to the police by the BOC official’s driver and bodyguard who survived the ambush. They were with Lachica inside a black sedan when a motorcycle-riding man shot them around 6:50 p.m.
Olivar said Lachica was seated at the back while the bodyguard was beside the driver. Motive has yet to be established, the police added.The three were driving to Quezon City when waylaid. Lachica was headed home from a conference at the BOC headquarters in Manila.
Lachica’s body bore two gunshot wounds in the chest.
But Olivar clarified the official report on Lachica’s injuries would come from the scene of the crime operatives.
The incident was reported to MPD homicide section at 8:50 p.m. Investigators Marlon San Pedro and Dennis Turla are currently on site gathering evidence.


Sources: inquirer.net

DepEd: Isasaad sa mga bagong libro ang mga 'facts' tungkol kay Marcos


BALITA | DepEd: Walang bias na mga impormasyon ukol kay Ex-Pes. Marcos, isasaad sa mga libro ng Araling Panlipunan


WATCH THE VIDEO HERE:





Sources: PTV Facebook

ERC Director, nagpakamatay dahil sa korapsyon




WATCH THE VIDEO HERE:


MANILA — “My greatest fear in the bids and awards committee is the AVP by Luis Morelos, which the chairman and CEO, Jose Vicente B. Salazar chose through a rigged selection system. That will be a criminal act.”
Thus said the late Energy Regulatory Commission director Francisco Jose Villa Jr. in a series of “suicide notes” he started writing on Aug. 23, 2016, expressing a string of worries about his role in reviewing procurement contracts at the power industry watchdog.
“I have fears about my BAC (bids and awards committee) work,” he added. “Our mistakes may bring on [Commission on Audit] observations and disallowances. Those may affect me financially.”
Now, his sister wants to turn the spotlight on the fate of her brother, Jun, whom she said felt weighed down by the pressures of being made to clear deals made outside regular and prescribed government processes.On the evening of Nov. 9, the 54-year-old lawyer took a .38-revolver and shot himself fatally in the Parañaque City residence he shared with his sister, veteran broadcast journalist Charie Villa.
(It is unclear what he meant by “AVP by Luis Morelos,” but an ERC insider said this referred to a failed bid over an unspecified institutional audio visual presentation for the agency.)
“Jun was pressured to approve contracts for procurements and hiring consultants without proper bidding and procedure as bids and awards committee chairman,” an emotional Charie Villa said on Thursday, after Mass was celebrated for her brother at the Sanctuario de San Antonio chapel in Makati City.
“He loved his ERC family,” she said. But when pressured to ‘follow’ a ‘maliit na bagay’ (a small matter), which ate at the fabric of what he believed in, he couldn’t take the pressure,” she said, adding that her brother “loved and needed his job” and dedicated 13 years of his career to the ERC, often working 12-hour days as he rose through to the rank of director.
Charie Villa — a veteran broadcaster who spent many years with the ABS-CBN Broadcasting Corp. — said her brother was opposed to the practice of “bidding-biddingan” (mock bidding) just to secure deals that might be irregular.
“For those who reject ‘pakisama’ (getting along, accommodations) or ‘for the boys’ and are treated ‘uncommon’ or ‘weird’ just because they stand up for what is right and follow the rules and the law, where do they seek redress? Where can they go?” she said. “Jun felt he had nowhere to go.”
Sought for comment, ERC chair Salazar said he viewed “with serious concern and disappointment allegations being hurled against me in the aftermath of the passing away of Director Jun Villa.”
“Out of respect for the late Director Villa and for his family, I shall refrain from ascribing any motive to the allegations,” he said in a text message sent to the media. “Director Villa has been a staunch supporter of our efforts at reforming the ERC. He was aware of our firm resolve to keep all bidding and procurement processes transparent and done with integrity. I am, therefore, baffled by the insinuations.”
“Despite this, since Director Villa has passed away, I shall not diminish the dignity and nobility of his memory by putting in question the validity of the insinuations,” he added.
Salazar said an impartial inquiry by an “objective body” should be conducted on the allegations to be fair to the agency and the memory of the late ERC official.
“I hope that all parties concerned would be called, their side taken, and the issue resolved with finality,” he said. “I have always endeavored to promote and protect the transparency and integrity of all bidding and procurement processes in the ERC.”
Meanwhile, Charie Villa said she would set up a foundation in honor of her late brother where employees who feel pressured for “standing up for what is right can go to to seek redress from harassment and legal help.”
“Those who refuse to be corrupted by this government system, will have a support group, so they have relief,” she said of this proposed organization. “Corruption, like rust, is corrosive.”


Sources: inquirer.net, TV Patrol

Thursday, November 17, 2016

The Druglord Kerwin Espinosa exposes Politicians involve in Narcotics







Metro Manila
— Kerwin Espinosa, linked by President Rodrigo Duterte to the multi-billion peso illegal drug trade in the country, admitted that he is a drug lord. That's according to Sandra Cam, President of the Whistleblowers Association of the Philippines. Cam spoke to CNN Philippines on Thursday.

Cam met with Espinosa, who was detained in a jail in Abu Dhabi, United Arab Emirates on Wednesday.

Cam said she was shocked when Espinosa named the politicians allegedly involved in his illegal drug transactions.

"Ako ay natulala sa kaniyang pronouncement na maraming involved na mga politiko at saka mga kapulisan," she said.

[Translation: I was shocked at his pronouncements that there are many politicians and police officers involved.]

Cam refused to name the alleged personalities involved in the drug trade and the extent of their involvement to avoid preempting the investigation by the police. Also, she left it up to Espinosa to drop the names.

But Cam said Espinosa disclosed that he gave money to an incumbent senator three times in 2015.
"Malalaman niyo po as soon as we land in Manila. Para coming from the horse's mouth, siya na ang magsalita kung sino ang mga taong ito," she said. 

[Translation: You will know as soon as we land in Manila. So it will come straight from the horse's mouth. He will name the people involved.]

Espinosa also expressed his worry about his safety and the safety of his family, including his young children. His father, Albuera Mayor Rolando Espinosa was killed in an alleged shootout with the police in the Leyte Sub-Provincial Jail.

"Nanginginig siya, sabi niya, "Ma'am, tulungan mo ang aking pamilya, maliliit pa ang mga anak ko," Cam said.

[Translation: He was shaking, he told me, "Ma'am, help my family, my children are still little.]
Espinosa is expected to arrive in the Philippines early Friday following his arrest last October 17. PNP Chief Ronald Dela Rosa earlier said Kerwin will be brought to Camp Crame straight from the airport.

Dela Rosa assured the public that they will keep Espinosa safe.
"Hindi mamamatay 'yun. Sigurado, hindi 'yun mamamatay... Guaranteed 'yan. Paninindigan ko 'yang aking sinasabi walang mangyayari sa kanya. Safe siya dito," Dela Rosa said.


Sources: CNN Philippines

PH economy grew 7.1% in first three months of Duterte admin




The Philippine economy grew at its fastest pace in three years last quarter, underscoring the nation’s resilience to global risks as investment surged and consumers spent more. Stocks gained.

Key Points

  • Gross domestic product increased 7.1 percent from a year earlier, the Philippine Statistics Authority said in Manila Thursday. The median estimate of 15 economists surveyed by Bloomberg was 6.7 percent
  • Compared with the previous quarter, GDP rose 1.2 percent, in line with economists’ estimates
    Undeterred by risks such as Donald Trump’s protectionist ambitions and President Rodrigo Duterte’s rants against the U.S., the Philippine economy is set to expand more than 6 percent until 2018 to rank among the fastest-growing in the world, according to economists surveyed by Bloomberg. Last quarter’s growth exceeded China’s 6.7 percent and Vietnam’s 6.4 percent in the same period. India, which posted growth of 7.1 percent in the second quarter, is yet to publish GDP data for the three months through September.Gifted with a young population and backed by $50 billion of revenue from remittances and outsourcing, the Philippines is getting an additional boost from Duterte’s $160 billion-infrastructure plan aimed at creating jobs. Projects include at least $1 billion of contracts to build an airport and a railway to transform a former U.S. military base into a commercial hub.

    Markets

  • Philippine stocks rose a second day, climbing as much as 2.2 percent. They were up 1.1 percent as of 11:01 a.m. in Manila.
  • The peso was little changed at 49.32 per dollar.

Analyst Takeaways

  • “Philippines will remain an outperformer in the region,” said Rahul Bajoria, a senior economist at Barclays Plc in Singapore. “It is domestically driven, with consumption holding up quite well and the fiscal spending being planned. The global risks we’re seeing including to trade won’t fundamentally alter its prospects.”
  • “In the short term at least, we expect the economy will continue growing at a decent pace,” Gareth Leather, senior Asia economist at Capital Economics Ltd. in London, said in a note. “The foundations are in place for growth to remain strong, but recent political events, both in the US and domestically, have made the outlook much less certain.”
  • “Putting money on infrastructure-related stocks is the smart bet and it’s exactly what I am doing,” said John Padilla, who helps manage about $9.1 billion at Metropolitan Bank & Trust Co., the Philippines third-largest money manager. “This growth poses now more challenge for President Duterte to keep the pace. It supports the view that Philippines needs infrastructure to sustain this growth."

Other Details