by magnolia_eic | Jun 23, 2010 | Headlines, Major Events
A SIMPLE inauguration, and one that hews to tradition. This is what President-elect Benigno “Noynoy” Aquino III wants.
On June 30, there will be no sit-down dinner, just an inaugural reception, with a working lunch before Aquino’s first Cabinet meeting.
Aquino’s inauguration will be held at the Quirino Grandstand in Rizal Park (formerly Luneta) in Manila.
Aquino will take his presidential oath at the grandstand in front of the Independence Flagpole and the Rizal Monument.
His inaugural speech will focus on restoring honesty and integrity in public service.
The Department of Foreign Affairs (DFA), meanwhile, will release a list of visiting heads of state who will be there for the inauguration.
Three East Asian leaders have confirmed their attendance at Aquino’s inauguration. They are Thai Prime Minister Aphisit Vejjajiva, Malaysian Prime Minister Najib Razak, and East Timor President Jose Ramos Horta. (PIA-Bohol)
by magnolia_eic | Jun 23, 2010 | Business, Headlines
CHINA’S move to allow the yuan to appreciate could benefit the Philippines, the central bank and analysts said on Sunday.
Removal of the dollar peg would, in particular, make Philippine exports more attractive, some analysts said, although others pointed out that any gains — trade or otherwise — required a significant appreciation of the currency.
Bangko Sentral ng Pilipinas (BSP) Governor Amando M. Tetangco, Jr. said in a text message to reporters that the move by [Chinese] authorities to improve the exchange rate mechanism and increase the regime’s flexibility reflects an assessment from authorities that the recovery in Chinese economy is on a more solid footing.
The People’s Bank of China (PBOC) last Saturday announced that it would “increase the … exchange rate flexibility” of the yuan, effectively signaling a departure from the 23-month-old dollar peg which the government installed at the height of the 2008 financial crisis.
The announcement came shortly before a G20 summit in Canada this weekend, where China was expected to receive flak for keeping the yuan weak to fortify its external trade advantage.
(PIA-Bohol)
by magnolia_eic | Jun 23, 2010 | Headlines
Solano, Nueva Vizcaya — Prominent human rights lawyer Ernesto Salunat was shot dead by still unknown suspects. He was gunned down in front of the town’s municipal trial court yesterday morning.
Salunat was also the campaign manager of LP, succumbed to four bullet wounds on the neck and head while being treated at the Medical Mission Group Hospital where he was rushed shortly after being shot.
Attending physicians declared him dead at around 10:05 a.m. or about two hours after he was shot by one of the suspects riding in tandem on a motorcycle in front of the MTC here just after alighting from his white BMW car.
The police are still establishing leads and are yet to give their official statement.
Click here for full article from Philstar.com
by magnolia_eic | Jun 21, 2010 | Headlines
Manila, Philippines — Chief Justice Renato Corona has issued an order to review the long-standing labor dispute over the Hacienda Luisita Estate of the family of President-elect Benigno Aquino III in Tarlac.
Recalling from previous news, Aquino does not recognize Corona’s appointment.
The reason behind such order according to Court Administrator Jose Midas Marquez was that there had been a letter from the farmers in Hacienda Luisita requesting for Corona to act on the case and review the four-year-old temporary restraining order (TRO) against distribution of the sugar plantation in accordance with the Comprehensive Agrarian Reform Program (CARP).
A line from the letter said, “We humbly submit to your Honorable Office our appeal asking the Supreme Court to act with dispatch and resolve the controversial agrarian case of Hacienda Luisita in favor of agrarian reform beneficiaries..”. The letter was signed by the leaders of the Unyon ng mga Manggagawa sa Agrikultura.
Click here for full article from Philstar.com
by magnolia_eic | Jun 19, 2010 | Announcements, Headlines
MALACAÑANG issued Proclamation No. 2085 on Thursday declaring June 30, 2010 a special non-working holiday to enable Filipinos to witness the inaugural ceremonies for President-elect Benigno Aquino III.
The oath taking and inaugural address of Aquino, the 15th Philippine president, will be held at the Quirino Grandstand in Rizal Park (formerly Luneta) in Manila is expected to be simple, but star-studded. A celebration later on in the day will be held at the Quezon City Memorial Circle.
Aquino is slated to fetch Arroyo from Malacañang. When they arrive at the Quirino Grandstand, Arroyo will be given arrival honors.
The 2 presidents will shake hands and then Arroyo will make her exit.
According to inaugural spokesperson Manolo Quezon, Senate President Juan Ponce Enrile and House Speaker Prospero Nograles will read the proclamation.
Vice President-elect Jejomar “Jojo” Binay will then take his oath, followed by Aquino.
A 21-gun salute to the new commander-in-chief will follow and then he will deliver his inaugural address. (PIA-Bohol)
