Everything you've wanted to know about RP politics, but were afraid to ask.

Posts Tagged ‘Philippine economy’

Moody’s: RP credit rating gets big boost

Posted by akosistella on May 13, 2010


MANILA, Philippines—Moody’s Investors Service Wednesday said the absence of doubt over the victory of Benigno “Noynoy” Aquino III in the presidential race is favorable for the country’s credit standing.

A winner of the presidential race had yet to be officially named, but the consensus is that Aquino’s lead was already wide enough to safely say he won.

In a commentary on the recent elections, the credit rating agency said the seeming consensus that Aquino was the clear winner of the 2010 presidential election meant that the probability of disruptions created by protests by losing candidates is low.

Consequently, Moody’s said, the absence of chaos in the political front appeases investors and encourages a positive outlook on the Philippine economy.

via INQUIRER.net.


Posted in 2010 elections, News, Noynoy Aquino, Philippine politics | Tagged: , , , | Leave a Comment »


Posted by akosistella on May 12, 2010


Manila Times: Bearer of people’s hopes

THE Filipino electorate, the majority of the people registered as voters who could indeed be taken to stand for the majority of our population, got its wish. Benigno “Noynoy” Aquino 3rd as president to replace outgoing President Gloria Macapagal Arroyo.

Via Manila Times

Phil. Star: Pat on the back

The peso gained strength and market shares were up yesterday in a clear sign of satisfaction over the conduct of the country’s first automated elections. Foreign diplomatic missions congratulated the Philippines for the relatively peaceful exercise, which had a high turnout despite technical glitches and the long lines in the scorching summer heat.

Via Phil. Star

Inquirer: Good job

CONTRARY to the most dismal expectations, quite a number of which were shared by the Inquirer, the country’s first nationwide automated elections have turned out to be a success. Not as originally advertised, but well enough as to make a return to the old manual system with its months-long canvassing, its tried-and-tested modes of wholesale cheating, politically untenable. Much needs to be improved in the new system, and close local contests must continue to be zealously monitored, but we can already say that the May 10 vote marked a true rite of passage. Our electoral system has finally caught up with the 21st century.

Via Inquirer.net

Malaya: Verdict still out

WE heard over the radio that some election lawyers were complaining that they lost business in what they admit is a strictly seasonal industry with the automation of elections. Their bread and butter was protesting results starting at precinct levels. With machines doing the appreciation of the ballots and counting the votes beyond the eyes of the public, including lawyers, there was no opportunity to protest, say, the counting of a wrongly spelled name of a candidate.

Via Malaya

Daily Tribune: GMA wins

Yes, it certainly was GMA-7, not Gloria Arroyo, who won in the manner with which the TV network covered the 2010 elections, in comparison to the ANC’s election coverage.

The GMA Network anchors and its reporters — save for some snide remarks by a guest commentator on her take of senatorial candidates who appear to have won the polls, but whom obviously she did not care for.

Via Daily Tribune

Posted in 2010 elections, Comelec, Gloria Macapagal Arroyo, Noynoy Aquino, Opinion, Philippine politics | Tagged: , , , , , , , , | Leave a Comment »

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

Posted in 2010 elections, Comelec, Dick Gordon, Gilbert Teodoro, Joseph Estrada, Manny Villar, News, Philippine politics | Tagged: , , , , , , , , , , | Leave a Comment »

Why MAR Roxas

Posted by akosistella on May 8, 2010


BUSINESS MATTERS By Ramon del Rosario Jr.

SINCE THE RESTORATION OF OUR DEMOCRACY in 1986, our country has had five vice presidents— Salvador Laurel, Joseph Estrada, Gloria Macapagal-Arroyo, Teofisto Guingona and Noli de Castro. Laurel and De Castro won as running mates of their respective president but did not succeed to the presidency. Guingona’s case is unique: he assumed the vice presidency via appointment by President Macapagal-Arroyo after Edsa 2, but the partnership soured soon after. Estrada and Ms Arroyo won as vice president on tickets opposed to eventual presidential winners, yet they eventually succeeded as president. Unfortunately for our country, the Estrada and Arroyo presidencies foisted a terrible 12-year burden on our democracy. Estrada was ousted, while Arroyo ends her long term as the most disliked president ever thus far.

Click Ramon del Rosario Jr.

The ‘Noybi’ ironies
GET REAL By Solita Collas-Monsod

WITH A 22-POINT DIFFERENCE (PLUS OR minus 2 ) between the two leading contenders, as revealed by a poll taken one week before election day (ED); and with no credible scandalous revelations capturing the public imagination two days before ED, the presidential race is, for all intents and purposes, over but the shouting. Assuming an 80-percent voter turnout (or 40 million registered voters going to the polls), what the survey shows is that if the voters voted the same way on ED as they would have the week before, Noynoy Aquino would rack up about 16.8 million (range being 16 million to 17.6 million), compared to 8 million votes (range being 7.2 million to 8.8 million votes) for his nearest closest opponent Erap Estrada, and 7.6 million votes (range being 6.8 million to 8.4 million votes) for Manny Villar. That would be a humongous lead anyway you look at it—and no longer vulnerable to dagdag-bawas machinations, no matter how high-tech. Aquino is our next president.

Click Winnie Monsod

Posted in 2010 elections, Joseph Estrada, Manny Villar, MAR Roxas, Noynoy Aquino, Philippine politics | Tagged: , , , , , , | Leave a Comment »

Aquino: I will share 80% of my powers with Roxas

Posted by akosistella on May 6, 2010


PRESIDENTIAL front-runner Benigno Aquino III on Wednesday said he would share up to 80 percent of his powers with his running mate, Senator Manuel Roxas II, if they both got elected, making Roxas the most powerful vice president in Philippine history.

“I am sharing 50 percent to 80 percent of the job with my one and only partner, Mar Roxas, and I am offering him not just one, but several portfolios in an oversight capacity,” Aquino told a news conference at which Roxas was seated beside him.

“But let me make it clear that Senator Mar has not asked for any portfolio and this is also not a request. I call it a division of labor, which we have agreed on from the start,” Aquino said.

via Manila Standard Today.

Posted in 2010 elections, MAR Roxas, News, Noynoy Aquino, Philippine politics | Tagged: , , , , , , , , | Leave a Comment »

New president, weaker reform prospect—Japanese firm

Posted by akosistella on May 3, 2010


MANILA, Philippines—Japanese financial giant Nomura sees a higher probability that the Philippines’ upcoming elections will yield a new president but also warned that a tough political environment could weaken economic reform prospects.

“We believe a complete failure of the automated elections is unlikely, but they are unlikely to be smooth sailing either,” Nomura International (HK) Ltd. said in an Asian economic report dated April 30.

Nomura assigned a 60 percent probability that 60-70 percent of precincts across the country would successfully implement automated counting. The remaining 30- 40 percent was seen either experiencing delays or resorting to manual counting.

via INQUIRER.net.

Posted in 2010 elections | Tagged: , , , , | Leave a Comment »

In Philippines, pre-vote largess doesn’t translate into post-vote progress

Posted by akosistella on April 29, 2010


MANILA — It’s election season in the Philippines, and the short-term forecast is for manna from heaven.

For voters who live in Baseco, a slum built on garbage beside Manila Bay, it’s hard to keep track of all the incoming goodies. Roads have been paved. Playgrounds have been built. A maternity clinic is under construction. One candidate bankrolled a beauty contest. Another sent in doctors bearing free antibiotics. Demolition of squatters’ huts has been halted. Free food is expected on May 10, election day.

“It is like a fiesta,” said Ray Campanera, senior councilor in the local government here. “Life is a little bit happier.”

via Washington Post.

Posted in 2010 elections, Manny Villar, News, Noynoy Aquino, Philippine politics | Tagged: , , , , , , , , | Leave a Comment »

Mud flies in Philippine poll; markets eye clean winner

Posted by akosistella on April 24, 2010


MANILA, Philippines – Financial markets in the Philippines are paying scant attention to intensified mud-slinging between candidates in the run-up to next month's presidential election, analysts said on Friday.

Analysts said the biggest concern in markets was whether a clear winner would emerge from the contest rather than which of the two front runners — Senators Benigno “Noynoy” Aquino III and Manuel “Manny” Villar — stood the best chance.

Both are seen as centrists on fiscal and economic policy.

via ABS-CBN News Online Beta.

Posted in 2010 elections | Tagged: , , , , , | Leave a Comment »

No failure of elections

Posted by akosistella on April 21, 2010


AD LIB By Greg B. Macabenta

Every time a Comelec official issues a reassuring statement to the effect that there will be no failure of elections on May 10, I am reminded of the commercial airline pilot who calmly addressed the passengers over the intercom: “Ladies and gentlemen, if you look out the right window, you will see that the right engine is burning. But don’t worry. Everything is under control.”

A short time later, the pilot spoke again, soothingly: “Ladies and gentlemen, if you look out the left window, you will see that the left engine is burning. But don’t panic. Everything is under control.”

Then after a few minutes, the pilot went on again, cool and collected: “Ladies and gentlemen, we shall now go through the standard emergency procedures. Please follow after me…Our Father, who art in heaven….”

In like manner, the Malacañang mouthpieces, Gary Olivar and Charito Planas, are reassuring us, in the most calm and collected manner, that, despite all signs to the contrary, everything is under control and there will be no failure of elections.

Click Greg Macabenta.

First 100 days
CORE By Benjamin E. Diokno

Amidst the uncertainty of whether the automated elections would work, a new government installed on June 30, 2010, should provide the country a new beginning. The new president should put in place within 100 days a framework of governance for the next six years.

His first major task is to design and implement a tax-and-spending package that will yield sufficient resources, on a sustainable basis, to finance the needs of an economy that has to grow fast enough, in an inclusive way, while at the same time making up for past neglect in education, health care, and public infrastructure.

The tax system has to be overhauled in a way that it does not disrupt the nascent economic recovery. But the quality of spending has to increase so that more resources should go to education, health care, social welfare and well-chosen public projects in urban centers and the countryside. The resulting tax-and-spending mix should be pro-poor and pro-business.

Click Ben Diokno

Posted in 2010 elections, Comelec, Opinion, Philippine politics | Tagged: , , , , , , , , , , , , , , | Leave a Comment »


Posted by akosistella on April 19, 2010


Phil. Star: It was mass suicide

The way the investigation is unfolding, the massacre in Maguindanao on Nov. 23 last year could end up being officially declared as a mass suicide. If those in power are compelled by an outraged public to make someone pay, the only ones who might serve time in prison for the most atrocious case of election violence in this country will be the small fry – the foot soldiers who pulled the trigger as their victims begged for mercy.

via Phil. Star

Malaya: What Lakas-Kampi disintegration means

WE are hardly surprised by the rash of defections from the Lakas
Kampi party. We have long been saying that a party bound only by the glue of money is bound to unravel when the source of largesse dries up or is about to dry up. That’s what is happening now and the disintegration will further speed up as Election Day approaches.

via Business Insight Malaya.

Inquirer: Going parallel

WE can understand where Commission on Elections spokesperson James Jimenez’s frustration springs from. Last week, the Management Association of the Philippines and the Makati Business Club proposed a parallel manual count (good), but gave the appearance of unilaterally imposing a deadline of April 23 on the Comelec (not so good). If the election agency fails to approve the proposal in time, MBC executive director Alberto Lim said, rather cryptically, then the business groups would be ready: “This is not our last card. We have other cards to play.”

via Inquirer.net

BusinessMirror: Next admin need not grope in the dark

Whoever wins the presidency in May does not have to reinvent the wheel or grope in the dark for answers to the nation’s economic woes.

It’s a fair assumption that all the candidates have their own ideas on how to make the economy recover from crisis, even if they may not have a comprehensive and coherent program for economic and social advance.

Click BusinessMirror

Posted in 2010 elections, Gilbert Teodoro, Gloria Macapagal Arroyo, Opinion, Philippine politics, Regions | Tagged: , , , , , , , , , , , | Leave a Comment »

Phil. Star opinions

Posted by akosistella on April 16, 2010


EDITORIAL – Lucky suppliers

This has to be one lucky supplier. After bagging a deal worth nearly P700 million to supply 1.8 million ballot secrecy folders for use in the May elections, OTC Paper Supply also submitted the lowest bid of P28 million to supply portable ultraviolet lamps for use in authenticating ballots. Earlier this week, the same company emerged as the winner of yet another contract with the Commission on Elections, this time for the supply of 350,000 stamp pads worth P5.7 million.

Click Phil. Star Editorial

Mikey disqualification open and shut case
GOTCHA By Jarius Bondoc

Presidential son Mikey Arroyo’s disqualification from party-list election is an open and shut case. That is, if the Comelec bravely will enforce its own rules.

Arroyo and Ang Galing Pinoy did not submit proof that he is its member for at least 90 days already. This violates Comelec Resolution 8807. The poll body had set Mar. 26 as deadline for parties and nominees to show that they truly belong to the marginalized sector they claim to represent. As certified by Comelec chief lawyer Ferdinand Rafanan, Arroyo and Galing Pinoy did not comply. So they automatically must be debarred from the May 10 balloting, said genuine sectoral group Akbayan.

Click Jarius Bondoc

Did you pay your taxes?

It was tax day yesterday and I hope you all paid your taxes. If you feel bad about giving government part of your hard earned money, you are not alone. I have always complained about paying taxes because as a long time journalist, I have seen how our leaders waste our money. Former NEDA Secretary Philip Medalla commented last Wednesday in a UP School of Economics forum held at Ayala Tower 1 that “the problem with taxes is that people do not like the quality of spending.”

Click Boo Chanco.

A smooth transition is a must

All eyes are now fixed on the presidential race. There’s big talk about big things and the big picture. People are forgetting details, but that’s how you can get the big picture wrong. Before we know it, we will be in political transition from the present administration to the next. A transition that is swift and smooth can help to determine how successful a presidency will be. The new team will want to hit the ground running so as to make its imprint quickly on the new presidential agenda.

Click Roberto Romulo

Posted in 2010 elections, Comelec, Gloria Macapagal Arroyo, MAR Roxas, Opinion, Philippine politics | Tagged: , , , , , , , , , , , , , | Leave a Comment »

The Next Aquino: Can Noynoy save the Philippines?

Posted by akosistella on April 16, 2010


It’s past midnight in Zamboanga and Benigno (Noynoy) Aquino III slouches in his chair, a glass of Coke in one hand and a cigarette in another. He’s tired and bleary-eyed and wracked by a cold. A grueling day of audiences, processions and interviews in three different provinces across the southern Philippine island of Mindanao is drawing to a close in the hotel lobby. While aides and well-wishers murmur around him, Aquino stands and holds out his arms as if awaiting handcuffs. They are lined with scratches and bruises — the toll of ceaseless hours of plunging into throngs of supporters and pressing the flesh. He grins: “It’s another demonstration of people power.”

via TIME magazine.

Aquino willing to campaign house-to-house vs Bolante

ROXAS CITY—Liberal Party standard-bearer Sen. Benigno “Noynoy” Aquino III Thursday vowed to bury for good in the coming elections the candidacy of former agriculture undersecretary Jocelyn “Joc-joc” Bolante’s campaign to get elected as governor of Capiz.

In a press conference at the airport here, Aquino said he was willing to campaign house to house if that were needed to stop the alleged brains of the P724 million fertilizer fund scam from getting elected.

“If we need to go house to house, we will do that … This is a clear contrast between black and white. If (Bolante) wins here, we will again be included in (the) Guinness (Book of Records) for “only in the Philippines,'” Aquino said.

Click Inquirer.net

Posted in 2010 elections, Gloria Macapagal Arroyo, Manny Villar, MAR Roxas, News, Noynoy Aquino, Philippine politics, Regions | Tagged: , , , , , , , , , | Leave a Comment »

Next gov’t needs to raise new taxes—Teves, economists

Posted by akosistella on April 16, 2010


•Priorities tagged by Cabinet official, economists

MANILA, Philippines – Tax reforms should be prioritized by the next administration to shore up revenues that can be used to boost growth, economists and a Cabinet official yesterday said.

Speaking at a forum held at the Makati Shangri-La, Finance Secretary Margarito B. Teves called for a higher value-added tax (VAT) rate, lower corporate and income taxes, and approval of proposed reforms such as the rationalization of fiscal incentives.

The same proposals were aired by University of the Philippines (UP) economists — some of them former Cabinet officials in the previous administration — in a separate gathering a few blocks away.

“We have a declining revenue base due to [the] crisis and tax-eroding measures. There is an increased pressure on the deficit as government needs to sustain expenditures,” Mr. Teves said.

The ongoing El Niño weather pattern, a power crisis, as well as volatility in commodity prices are also threatening growth, he added.

via ABS-CBN News Online Beta.

Posted in 2010 elections, News, Philippine politics | Tagged: , , , , , , , , , | Leave a Comment »

Albay gov’s jump to LP shocks Arroyo party

Posted by akosistella on April 15, 2010


MANILA, Philippines—Stalwarts of the ruling Lakas-Kampi-CMD are bewildered by the defection of Albay Gov. Joey Salceda to the camp of Sen. Benigno “Noynoy” Aquino III, and are appealing to President Gloria Macapagal-Arroyo to step in and stop the bleeding.

“I don’t understand,” Lakas-Kampi-CMD secretary general Raymundo Roquero said by phone early Wednesday. “[Salceda] organized the Caucus for Governors. The very basis for their existence is palabra de honor (word of honor). It’s very hard to comprehend.”

Be that as it may, Salceda, who’s running unopposed for reelection, has indeed accepted Aquino’s offer to be the LP regional chair in Bicol. But he has asked to be given “sufficient” time to “make proper notices to [the Lakas Kampi-CMD] leadership, local leaders and Ma’am PGMA.”

via INQUIRER.net.

Posted in 2010 elections, Gloria Macapagal Arroyo, News, Noynoy Aquino, Philippine politics, Regions | Tagged: , , , , , , , , , | Leave a Comment »

Fiscal crisis awaits next president, warn economists

Posted by akosistella on April 14, 2010


MANILA, Philippines — The country’s next president will face the daunting task of running an economy with near empty government coffers while pushing for crucial and unpopular reform programs, according to some of the country’s leading economic minds.

More importantly, whoever the next president would be must ram these reform measures through Congress early in his term if he were to avoid having to contend with populist lawmakers, professors at the UP School of Economics said on Wednesday.

“The next president will inherit a system that is nearing fiscal collapse,” economist Benjamin Diokno said at an Ayala Corp.-sponsored forum, titled “Elections 2010: The Morning After (Economic Issues for the Next President).

“He will have to make some choices that are hard, and some that are harder,” he added.

Diokno, who served as budget secretary under the abbreviated Estrada presidency, said the next administration would also have to broaden the tax base and increase tax revenues to support economic growth.

Click INQUIRER.net.

Posted in 2010 elections, Gloria Macapagal Arroyo, News, Philippine politics | Tagged: , , , , , , , , , | Leave a Comment »