Manila Standard - 2018 September 8 - Saturday

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Gov’t foils another bombing attempt CAMP SIONGCO, Maguindanao—Another bombing attempt in Mindanao has been foiled after government troops killed two suspected members of the Bangsamoro Islamic Freedom Fighters in a firefight near a bridge linking North Cotabato and Maguindanao on Friday afternoon. The slain were part of a group under BIFF Commander Esmael Abdulmalik alyas Abu

Torayfe, which was transporting three improvised explosive devices (IEDs) through the Kabacan River that would be detonated in Kabacan, North Cotabato. Torayfe’s group was responsible for the twin bombings in Isulan, Sultan Kudarat that killed five people last week, Col. Alfredo del Rosario, commander of the Philippine Next page

VOL. XXXII • NO. 205 • 3 SECTIONS 16 PAGES • P18 • SATURDAY, SEPTEMBER 8, 2018 • www.manilastandard.net • editorial@manilastandard.net

Peso drops close to P54 per $1 BSP eyes ‘strong action’ to temper depreciation By Julito G. Rada

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HE peso on Friday flirted near the 54-per-dollar level but gained some strength at the close after the Bangko Sentral ng Pilipinas expressed its readiness to take strong “immediate actions” to address excessive exchange rate volatility and temper accelerating inflation.

Get act together, economic team told By Rio N. Araja AGRICULTURE officials and other members of the President’s economic team must agree on how best to address rising food prices, Albay Rep. Joey Salceda said Friday. “It is the duty of the state to feed its people and it is the strategy of this country to keep food cheap by lowering the cost of production. We have failed in most,” Salceda said in an interview on radio dzMM. Salceda, tasked by Speaker Gloria Macapagal Arroyo to draw up counter-inflation measures, said the Department of Agriculture should make up with the National Food Authority Council, which decides rice import policy. Food prices rose by 8.5 percent in August, surpassing headline inflation of 6.4 percent, which was a nineyear high. Salceda said there was no need to replace the economic managers, but they need to talk to each other. Next page

The peso gained seven centavos to close at 53.73 from 53.80 on Thursday. It opened five centavos weaker at 53.85 and touched 53.975 at one point of the trading day before settling at 53.73 to the greenback. Total volume stood at $956.9 million, up from $911 million. The 53.80 at the close on Thursday was nearly a 13-year low against the greenback since it hit 53.985 at the close on Dec. 7, 2005. ING Bank Manila senior economist Joey Cuyegkeng said the peso drew support from the statement of BSP Governor Nestor Espenilla Jr. that the regulator would take strong immediate action using the full range of instruments in its toolkit to respond to emerging threats to inflation and inflation expectations. Espenilla said the actions would also address other threats to higher inflation such as excessive exchange rate volatility not consistent with the underlying macroeconomic fundamentals to ensure that inflation returns to its 2 to 4 percent target range. Next page

Curry: To improve is to evolve SPORST A8

STRAINED QUEUES.

Hundreds of National Food Authority rice customers (above and left) line up for P27 per kilo at the Pasig City Public Market Friday, with NFA assuring the public the agency will continue to distribute its P27 and P32/kilogram rice in the markets to ensure that consumers will have alternative sources of low-priced rice, on the same day the peso drops to P54-to-$1 level in early trading, following the 9-year high inflation in August. Manny Palmero

Paolo, Sara’s husband sue Trillanes By F. Pearl A. Gajunera, Vito Barcelo and Macon RamosAraneta

THE eldest son of President Rodrigo Duterte, Paolo Z. Duterte, has filed a libel case against Senator Antonio Trillanes IV before the Regional Trial Court Branch 11 in Davao City. Duterte’s brother-in-law, lawyer Manases Carpio, also filed a separate but

similar case against Trillanes with the Office of the City Prosecutor in Davao on Thursday. Both men previously filed a civil case against the senator related to the opposition senator’s accusations of their involvement in the smuggling of P6.4 billion worth of shabu in 2017. The present complaint says Trillanes maliciously maligned him and the entire Next page

Duterte arrives today from Jordan visit By Vito Barcelo PRESIDENT Rodrigo Duterte cut short his visit to Jordan by a day and will arrive today, Saturday, in Davao City, according to Special Assistant to the President Bong Go. Presidential Spokesman Harry Roque said despite cutting shot his trip to Jordan, Duterte, who was originally scheduled to be back on Sunday morning, did not can-

cel any scheduled event. In other developments: • Duterte has offered to send at least five battalions of Filipino soldiers to Jordan if the Middle Eastern country needed help to fight the Islamic militants in that country. He made the offer when he met with King Abdullah of Jordan II during the signing of five agreements covering labor and investment, among other things. Next page

Sotto bars unruly crowd in Senate

Hopes fade for Japan quake survivors

By Macon Ramos-Araneta SENATOR Antonio Trillanes IV’s “unnecessary visitors” are barred from visiting him from Friday to Sunday, Senate President Vicente Sotto III said Friday. “What is their business in the Senate when they know there is no work?” Sotto said. He said the Senate was closed on weekends and only the staff of senators were allowed to enter the premises. “We have to turn off the air-conditioning at certain times and on weekends because it will bog down if they don’t. We are just accommodating Senator Trillanes. I hope his supporters will not abuse our patience,” Sotto said. “Don’t test my patience and leniency on the matter because I will not allow the Senate to be used for any Next page unruly plot.”

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He just needs probably enough sleep. — Justice Secretary Menardo Guevarra to reporters about Senator Antonio Trillanes IV, who has admitted to sleepless nights over President Rodrigo Duterte revoking his amnesty on rebellion charges a decade ago.

WORLD B3


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