It’s wait and see for investors
Posted by akosistella on May 10, 2010
MANILA, Philippines – Foreign investors have adopted a wait-and-see attitude, putting on hold or temporarily withdrawing their investments in the Philippines due to jitters over today’s elections, according to Bangko Sentral ng Pilipinas (BSP) Deputy Governor Diwa Guinigundo.
“We continue to see inflows from the external markets. Perhaps if there will be – we don’t have the numbers yet – it is because of election jitters,” Guinigundo said.
He pointed out that foreign investors could have adopted a wait-and-see attitude because of the uncertainties brought about by the May 10 elections.
via Philippine Star.
Where are they voting?
MANILA, Philippines – The country holds its first fully automated general elections today, with about 50 million Filipinos expected to pick a new president, vice president and officials to fill nearly 18,000 national and local posts.
Among them are nine candidates seeking the highest office in the land.
Liberal Party standard-bearer Sen. Benigno Aquino III will vote this morning at Precinct 1758 Central Azucarera Elementary School in Sitio Alto Barangay Central in San Miguel, Tarlac.
Via Phil. Star
Supreme Court ready to resolve auto poll cases
MANILA, Philippines – The Supreme Court (SC) is ready to resolve protests that could arise from the country’s first automated elections today.
SC spokesman Jose Midas Marquez said the High Court is ready to convene as presidential electoral tribunal (PET) after the polls and upon effectivity of its rules as approved by the magistrates before going on recess last week.
“With the new PET Rules out, the Supreme Court is ready to convene as the PET if and when the need arises,” Marquez said.
Via Phil. Star