by magnolia_eic | Jan 5, 2012 | Headlines, National News
THE Department of Energy (DoE) is currently forming a team that will scrutinize the books of accounts of the oil companies in support of President Benigno S. Aquino III’s call for transparency, a Palace official said on Wednesday.
“From what I understand from Energy Secretary Jose Rene Almendras, they are close to already forming the team that will scrutinize the books of the oil companies. They already have representation from the sectors,” Deputy Presidential Spokesperson Abigail Valte said
during the regular press briefing in Malacanang on Wednesday.
Report said the oil firms are willing to open their books of accounts for government examination in response to a call from the President to face public scrutiny.
On the other hand, various groups expressed concern over reports that oil players will implement upward price adjustments this January, according to news reports.
Valte assured that the Department of Trade and Industry (DTI) is regularly conducting monitoring of prices to prevent overpricing.
Oil companies are ready to follow the requirements being imposed by the DoE as mandated by appropriate provisions” relevant laws, such as the Downstream Oil Industry Deregulation
Act.
The oil firms are also mandated to comply strictly with the “financial protocols of the Bureau of Customs and Bureau of Internal Revenue, as well as statutory submissions to the Securities and Exchange Commission. (PCOO)
by magnolia_eic | Jan 5, 2012 | Headlines, National News
MALACANANG assured the Filipino people that President Benigno S. Aquino III will continue to focus on programs that will not only uplift their lives but also further improve the country’s economy, stressing the government’s unwavering efforts to curb graft and corruption in the bureaucracy.
During his first media briefing for the New Year 2012 in Malacanang, Monday, Presidential Spokesperson Edwin Lacierda reassured the President’s commitment to the people as previously stated in his yearend message issued last week.
“The President is continuously focusing on improving the economy as he has stated in his yearend message, we will improve the economy, we will continue to provide service to the poor, our advocacy against graft and corruption will still continue,” Lacierda said.
On concerns that the impeachment proceedings against Supreme Court Chief Justice Renato Corona will affect the Chief Executive’s focus in the performance of his job, Lacierda assured that such Constitutional procedure will not, in any way, impinge on President Aquino’s efforts to serve the country and the people.
“Primarily the impeachment has now been diverted to the Senate… and the Senate will be the main focus of the impeachment trial,” Lacierda said.
On December 12, 2011, a total of 188 members of the House of Representatives signed the impeachment complaint against Chief Justice Corona, which was later transmitted to the Philippine Senate. (PCOO)
by magnolia_eic | Nov 24, 2011 | Headlines, National News
TAGBILARAN CITY, Bohol, Nov. 23 (PIA)–Nakalusot na gahapon sa ikatulo ug katapusang pagbasa ang P1.816 trilyon General Appropriations Act (GAA) alang sa tuig 2012.
Matud pa ni Sen. Franklin Drilon, chairman sa Senate Finance Committee, kini ang pinaka-unang national budget nga napasar ubos sa administrasyong Aquino.
Giingong gipaabot nga masumite sa Malacañang ang national budget sa unang semana sa Disyembre.
Apil sa mga ahensiyang makadawat og taas nga pahat sa budget ang Education, P202.354- bilyon; DPWH, P109.633-bilyon; Defense, P106.880-bilyon; DILG, P92.794-bilyon ug Agriculture, P53.243-bilyon.
Ang Office of the Pre-sident hatagan og P2.595-bilyon samtang P8.961-bilyon sa Kongreso ug P15.075 bilyon ang judiciary. (PIA-Bohol/ecb)
by magnolia_eic | Nov 24, 2011 | Headlines, National News
PRESIDENT Benigno S. Aquino III convened the Climate Change Commission to adopt the National Climate Action Plan in compliance with the country’s international commitments especially to the United Nations Framework for Climate Change Convention.
President Aquino chairs the Climate Change Commission, an independent and autonomous body that has the similar status of a national government agency.
Albay Gov. Joey Salceda, who met President Aquino at the Palace Tuesday, said the plan is about adaptation to climate change and mitigating its impact particularly on the economy.
The action plan will also become the basis of any assistance that will come from industrialized countries in Europe and the US, which are being blamed for global warming because of massive use of fossil fuels in their industries.
The national action plan will be presented to the climate change conference to be held in Durban, South Africa, and it will be the basis of compensatory measures that rich countries have committed to pay.
Included in the national plan are the guidelines and framework on how the country can use the assistance once it is approved in Durban.
The Philippines will join other countries in pushing for financial assistance to fight climate change as the country’s negotiators leave late this month for Durban.
Last December, negotiators agreed to create a green climate fund that could be accessed by vulnerable countries like the Philippines. They are expected to tackle in the Durban meeting the way to get the money once the fund is approved. (PCOO)
by magnolia_eic | Nov 15, 2011 | Headlines, National News
TAGBILARAN CITY, Bohol, Nov. 14 (PIA)–Nagkauyon ang 21 ka APEC leaders nga iduso ang gitawag nga trade liberalization aron makabangon gikan sa nahimong epekto sa global recession niadtong tuig 2008-2009.
Kini usa lamang sa nahimong bunga sa joint declaration nga gipagawas human ang tulo ka adlaw nga Asia-Pacific Ecomic (APEC) Leaders’ Summit sa Honolulu, Hawaii.
Nahisulod sa deklarasyon nga tukma sa panahon ang maong meeting taliwala sa financial crisis diin pila ka nasud ang nalubong karon sa utang ug daghang trabaho ang nangawala.
Base sa dokumento nga gilagdaan nilang Presidente Benigno “Noynoy” Aquino III, angay nga seryosohon na ang paghisgot sa gitawag nga Doha Development Agenda (DDA) nga dugay nang nag-ungot.
Ang DDA magpabilin lamang nga damgo kun sama sa niagi, hangtud negosasyon lamang ug wala’y kongkretong lakang nga gihimo sama sa paghatag og dalan sa mas gawasnong pagpatigayon.
Kalabot niini, gipalig-on pagbalik sa APEC leaders ang ilang commitment batok sa protectionism ug gi-aghat ang World Trade Organization nga mahimong katambayayong sa pagkab-ot sa DDA.
Ang protectionism dugay nang suliran sa regional trade tungod kay dili makasulod ang ilang investment sa mga nasud nga nagpatuman sa hugot nga regulasyon sa pagpatigayon. (PIA- Bohol/ecb)
