DEPARTMENT OF SCIENCE & TECHNOLOGY
PHILIPPINE STATISTICS AUTHORITY
2018 BANTOG DATA MEDIA AWARDS CHAMPION
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Saturday, January 19, 2019 Vol. 14 No. 101
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BANGSAMORO VOICE: n
PEACE, FINALLY?
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By Manuel T. Cayon & Rene Acosta
ARRING no last-minute hitches, Mindanao is all set to hold its plebiscite for the Bangsamoro Organic Law (BOL), with defense, military and police officials expecting that the political exercise would go smoothly, if not peacefully, given the elaborate security preparations they have laid out. Ensuring that the plebiscite will take place the way the government has planned, Armed Forces Chief of Staff Gen. Benjamin Madrigal and other top military officials flew to Mindanao as early as Thursday to personally check whether the mapped out security, in coordination with local law-enforcement agencies, has been put in place. Madrigal and the other officials will remain in the region for two days doing the rounds in the cities and provinces that will be taking part in the plebiscite. Acting Commission on Elections Chairman Sheriff Abas, who met last week with Madrigal and Philippine National Police chief Director General Oscar Albayalde, said that regardless of the out-
come, they have to ensure that the voting will take place. However, days before the voting, some local officials in the areas that were proposed to be covered by the organic law are still against the “expanded autonomy” in Mindanao, prompting government officials to do last-minute pitching.
Scope of exercise
THE plebiscite will be conducted in two phases. The first one is on Monday, January 21, for the current areas under the Autonomous Region in Muslim Mindanao (ARMM); and the second phase on February 6 for the areas in North Cotabato and Lanao del Norte, which are not under the ARMM Continued on A2
UNVEILED during the celebration of the 100th year of Philippine Independence on June 12, 1998, the Commemorative Monument of Peace and Unity by Davaoeño sculptor Kublai Milan symbolizes the harmonious coexistence between the indigenous inhabitants and migrant people of multicultural Mindanao. HUGO MAES | DREAMSTIME.COM
SUPPORTERS of the Bangsamoro Organic Law (BOL) take a selfie while waiting outside the venue where a bicameral conference is taking place in Manila on July 10, 2018. The BOL is a proposed law between the Philippine government and Muslim rebels that would set up an autonomous region in the southern Philippines. AP/AARON FAVILA
CEOs GONE ROGUE?
‘The American Trap’: An executive’s view from a US prison cell
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By Tara Patel | Bloomberg News
RENCHMAN Frederic Pierucci’s nightmare began shortly after his airplane touched down in New York on a brisk April night in 2013. Like the recently jailed car titan Carlos Ghosn, the former Alstom SA executive Pierucci was whisked away from his airplane, accused of financial misdeeds and thrown in jail. The events surrounding his arrest open Pierucci’s book, Le Piege Americain, or The American Trap, which goes on sale in France on Wednesday—a few months after his five-year-long wrangle with the
PESO EXCHANGE RATES n US 52.2880
US Department of Justice ended. Over 386 pages, Pierucci describes life with hardened criminals in Pennsylvania and Rhode Island prisons, behind-the-scenes machinations with US lawyers and prosecutors seeking a plea bargain and backroom tussles between chief executive officers and French politicians over a $10-billion transatlantic takeover. The Pierucci and Ghosn cases
are unrelated and have little in common. Pierucci landed in New York on a Cathay Pacific flight, while Ghosn was grabbed from his private plane at Tokyo’s Haneda airport in November. Japanese prosecutors indicted Ghosn for alleged improprieties related to personal trading losses and the former Nissan Motor Co. chairman’s income at the carmaker, charges he denies. Pierucci, who ended up pleading guilty, was nabbed for his role in a worldwide bribery scandal that engulfed Alstom for nearly a decade.
Corporate intrigue
STILL, the two cases have a common thread: Whiffs of corporate intrigue and politically sensitive dealmaking. Continued on A2
FREDERIC PIERUCCI
BLOOMBERG
n JAPAN 0.4787 n UK 67.9169 n HK 6.6670 n CHINA 7.7132 n SINGAPORE 38.5975 n AUSTRALIA 37.6264 n EU 59.5717 n SAUDI ARABIA 13.9409
Source: BSP (January 18, 2019 )