The Daily Roundup: 28 January 2011

Tetangco given second 6-year term as BSP governor | Inquirer
MANILA, Philippines—President Aquino has given Bangko Sentral ng Pilipinas Governor Amando Tetangco a new six-year term after the end of his current tenure in July, Presidential Spokesperson Edwin Lacierda said Thursday night.

Fed gives BSP room on rates | BusinessWorld

THE US FEDERAL RESERVE’S decision to maintain its policy rate at near zero supports the Bangko Sentral ng Pilipinas’ (BSP) current stance of keeping its own rates at a record low, the central bank chief yesterday said. “The Fed move relieves some pressure off the consensus that has been building up that the US economy is at a pace of recovery which may lead the Fed to change its policy stance, and the effect of such development on inflation expectations and portfolio rebalancing out of EMs (emerging markets),” BSP Governor Amando M. Tetangco, Jr. said in a text message yesterday.

US monetary authorities cautious on recovery | BusinessWorld

Inflation fears overblown | BusinessWorld

‘P50-M send-off gift for Reyes’

Colonel explodes bombshell in Senate | Inquirer

MANILA, Philippines—A retired lieutenant colonel on Thursday made a surprise appearance at the Senate and disclosed how he and his ex-bosses allegedly amassed wealth, with a large portion of the loot taken from soldiers’ salaries.

Angie: I’ve never been corrupt | Philippine Star

Massive corruption in AFP traced | Malaya

No need for Palace to draft new RH bill–Lagman | Inquirer
MANILA, Philippines—There is really no need for Malacañang to draft a new responsible parenthood bill for endorsement to Congress as a consolidated bill with identical provisions is now on third and final reading at the House of Representatives, according to Minority Leader Edcel Lagman.

Witnesses recall death fall from Makati building | ABS-CBN News

MAKATI CITY, Philippines – Images of human bodies bent and broken like ragdolls are haunting witnesses and emergency workers who were among the first to respond to a construction site accident in Makati City on Thursday.

Economic officials head for Japan to pitch projects | BusinessWorld

ECONOMIC OFFICIALS will leave for Japan on Sunday in a bid to drum up interest in six key sectors pushed by the Aquino administration as well as promote public-private partnership (PPP) projects, officials said yesterday. Trade Secretary Gregory L. Domingo said he will be joined by Finance Sec. Cesar V. Purisima, Energy Sec. Jose Rene D. Almendras and a Bangko Sentral ng Pilipinas (BSP) official, who BSP Investor Relations Office Executive Director Claro P. Fernandez identified as Deputy Governor Diwa C. Guinigundo, on a visit to Japan from Jan. 30-Feb. 2.

Economy expected to grow by 5.2% in ’11

Hike in key rates may take place in Q4 | Inquirer

MANILA, Philippines – The global economic crisis is pushing more people into poverty, and the picture is even more grim in developing countries like the Philippines, according to the Asian Development Bank.

UN agency sets new guide in fight against high food prices | BusinessWorld

ROME — The UN’s food agency published a guide on Wednesday for policy makers in developing countries to help address negative impacts of high food prices but said there was no one solution for all countries effected. The Rome-based Food and Agriculture Organization (FAO) warned countries to carefully reflect before launching into policy actions that may appear useful in the short term but could be harmful in the long term.”The experience of the 2007-2008 food crisis shows that in some cases hastily taken decision by governments to mitigate the impact of the crisis have actually…aggravated its impact on food security,” Richard China, head of FAO’s Policy division, said in a statement.

Aquino says Filipinos’ innate talent fuels nation’s progress | Manila Bulletin

MANILA, Philippines, Jan. 27 (PNA) — President Benigno S. Aquino III cited the innate talent among Filipinos, particularly their creativity which, he said, fuels the progress of the nation. In his keynote address during the 13th Cycle Philippine Quality Awards (PQA) Conferment Ceremony on Thursday at the Rizal Hall of Malacañan Palace, the Chief Executive noted the Filipino workers’ natural talents that make them exceptional among others in the world.

Aquino should take opportunity for Charter change — Marcos | Manila Bulletin

By MARIO B. CASAYURANJanuary 27, 2011, 7:00pmMANILA, Philippines — President Benigno S. Aquino III has all the chances of seeing the 1987 Constitution amended during his six-year term with the people believing he is not personally interested in any changes after stating he won’t run for office again, according to Senator Ferdinand R. Marcos Jr.

Bishops will fight HIV, but won’t endorse condoms | Malaya

ARCHBISHOP Angel Lagdameo, president of the Catholic Bishops Conference of the Philippines, yesterday said the Church has told the United Nations Program on HIV/AIDS (UNAIDS) that it would be lending a hand in the fight against the disease by focusing mainly on the social aspect of the problem.

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