GOVT SPEEDS UP APPROVAL OF PUBLIC INFRA PROJECTS By Cai U. Ordinario
Among the big-ticket programs and projects are the Payapa at Masaganang Pamayanan (Pamana) program costing P8.61 billion, while P114.04 million will be allocated for the program on the Implementation of the Normalization Program in the Bangsamoro. “Strong economic growth aside, the biggest highlight of the year is our launch of the Philippine Development Plan, or PDP 2017-2022, last June. The PDP will guide all of government’s policies, programs and projects for the entire duration of the Duterte administration,” Socioeconomic Planning Secretary Ernesto M. Pernia said. “As I keep stressing, the Duterte administration will be relentless and unflinching in directing its efforts toward infrastructure development, regional and rural development, and human capital development through 2022, to fight poverty and reduce inequality in our country,” Pernia added.
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Part One
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he Duterte administration spent 2017 preparing for battle. It dug trenches and carefully crafted plans on how best to move its infrastructure vision forward. The National Economic and Development Authority (NEDA) was instrumental at this stage. The oversight agency completed the government’s 2017 to 2022 Philippine Development Plan (PDP)—the country’s socioeconomic blueprint that details the current administration’s plans in addressing issues surrounding specific sectors of the economy. The plan is accompanied by the Public Investment Program (PIP), which identifies the projects and programs that will be implemented to achieve the plans and targets included in the PDP. Based on the draft PIP, the initial estimates showed that implementing the plans and meeting the PDP targets will cost the government nearly P11 trillion.
The construction of a building is mirrored in a swamp on Macapagal Boulevard in Parañaque City. More infrastructure projects are expected to be implemented in 2018, as the government has fast-tracked the approval of infrastructure projects. NONIE REYES
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Wednesday, December 27, 2017 Vol. 13 No. 77
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HE Senate’s conduct of inquiries in aid of legislation—a key plank of its work—will not be dampened by a Supreme Court order for the interim release of Aegis Juris fratman Arvin Balag from the Senate premises, where he was consigned in October following what senators deemed as behavior in contempt of the chamber.
Senate President Aquilino L. Pimentel III is confident the power to investigate will not be crimped by the SC, replying “no” to a query by the BusinessMirror on whether the Supreme Court resolution—received on December 21 by his office—would dampen the work of legislative investigation, given its impact on a key tool of such mandate: the power to cite persons in contempt and order their detention. Meanwhile, senators queried by the BusinessMirror appeared to tread cautiously on the Balag case, given the sensitivity of an issue affecting its relations with the Judiciary. They, however, expressed firm conviction that such case would not limit their
Culture of peace Teddy Locsin Jr.
free fire Statement delivered by Ambassador Teddy L. Locsin Jr. at the United Nations General Assembly Debate—60th Plenary Meeting Agenda Item 15: Culture of peace, on December 8.
Mr. President, he Philippines highly commends the President of the General Assembly for convening the High Level Forum on a Culture of Peace. The Philippines, likewise, lauds the unflagging effort of the Secretary-General to sustain the peace agenda, declaring 2017 as the “year for peace,” and calling for a “surge in diplomacy for peace.” An ironic echo of the famed but failed surge in Afghanistan for the same peaceful purpose.
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Japan inflation accelerates in November
Fate of Supreme Court’s top magistrate hangs in the air By Joel R. San Juan @jrsanjuan1573
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HE year 2017 may be considered as another challenging year for the Judiciary as the fate of its top magistrate, Chief Justice Maria Lourdes A. Sereno is the subject of impeachment proceedings before the House of the Representatives, remains hanging in the air. Sereno’s impending impeachment trial is also giving stakeholders in the Judiciary a serious case of déjà vu. It can be recalled that the late Chief Justice Renato Corona’s term was cut short in 2012 after allies of then-President Benigno S. Aquino III successfully ousted him from his post following impeachment proceedings that found him guilty of betraying public trust and committing culpable violation of the Constitution. But, unlike Corona who enjoyed the support of his fellow magistrates and
members of the Judiciary, Sereno’s impeachment has proven that her appointment as Chief Justice caused a major crack in the once impenetrable branch of the government. It is unlikely that Sereno would try to seek refuge, like what her predecessor did then, from her fellow magistrates to stop the impeachment proceedings, considering that several of her colleagues have testified against her in the proceedings. Four other SC associate justices— Teresita Leonardo-de Castro, Francis Jardeleza and Noel Tijam and Arturo Brion (now retired)—have testified in the impeachment proceedings against Sereno. Meanwhile, Senior Associate Justice Antonio Caprio, who is perceived to be Sereno’s ally in the SC based on their identical votes on high-profile issues, is said to be thinking of whether to testify as well on January 18.
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Senators probing hazing death unfazed by SC order By Butch Fernandez
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HOLIDAY ADVENTURE Tourists cross a narrow hanging bridge going to the building where you can get a 360-degree view of Manila from Antipolo. Tourist destinations are jam-packed, as Filipinos take advantage of the holiday season to spend time with their loved ones.
ALYSA SALEN
apanese inflation unexpectedly picked up in November, but prices are still rising at less than half the rate targeted by the central bank. The tightest job market in decades got even tighter. Highlights of the Data Core consumer prices, which exclude fresh food, increased 0.9 percent in November from a year earlier (estimate 0.8 percent). The unemployment rate fell to 2.7 percent (estimate 2.8 percent), the lowest since 1993. Household spending increased 1.7 percent from a year ago (estimate 0.5 percent). The job-to-applicant ratio rose to 1.56 (estimate 1.56), the highest since the mid-1970s. See “Japan inflation,” A2
n japan 0.4431 n UK 67.1947 n HK 6.4202 n CHINA 7.6219 n singapore 37.3690 n australia 38.6544 n EU 59.6255 n SAUDI arabia 13.3851
Source: BSP (22 December 2017 )