Malacanang, Corona is the best witness for prosecution

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In an article from the Philippine Daily Inquirer dated May 27, 2012 which reads:

Malacañang is not shaken by Chief Justice Renato Corona’s dramatic second turn at the witness stand, and thinks the top magistrate is “the best witness for the prosecution.” 

“Mr. Corona has finally admitted what the impeachment court [wants] to find out: [Did he withhold] information from his [statements of assets, liabilities and net worth]? He did,” said Edwin Lacierda, President Aquino’s spokesperson, after the impeachment hearing in the Senate on Friday.
Lacierda said Corona declared only P3.5 million in cash in his 2010 SALN, but testified on Friday that he had P80 million and $2.4 million in the bank.

“The issues have been joined,” Lacierda said. “Mr. Corona has become the best witness for the prosecution. He has proven, by his demeanor and his very own statements, the validity of the charges against him, and provided evidence more than sufficient to determine his fate.”

Lacierda noted that Corona, in his testimony on Friday, claimed that the Foreign Currency Deposits Act (FCDA) enacted in 1974 was superior to the requirements of the 1987 Constitution.
“[Mr. Corona] has made his legal legacy a Get-Out-of-Jail-Free-Card for all officials who are plunderers and crooks,” Lacierda said.

If Corona’s interpretation of the law is right, Lacierda said, all that thieving officials need to do is “park their ill-gotten funds in foreign currency accounts” to make themselves immune to prosecution under the antigraft laws. READ MORE.


BatoBato Replies: Nagtataka lang ako sa Malacanang, impeachment court ba kayo at nangunguna pa kayo sa pag bigay ng verdict sa kaso ni CJ Corona? Parang naniniwala na tuloy ako sa sinabi ni CJ Corona na gusto nyo syang tanggalin sa pwesto by all means at gusto ninyo kontrolin ang lahat ng sangay ng gobyerno! 

Teka muna kapeng mainit, Kagalang-galang na Pangulong Aquino, binoto ka namin para pangalagaan ang karapatan ng mamamayan at hindi para mag-hariharian.Mag-ingat ka sa pagbitaw ng opinyon mo sa publiko, hindi ka si Kris Aquino na pwedeng isambulat ang opinyon kahit bugso lang ito ng emotion. Hindi ka si Kris! Babae si Kris, at ikaw... anyway wala ka sa showbiz. Yun lang. Oh, wag pikon, opinion lang. Ikaw nga dyan lagi mong nilalait si CJ Corona sa publiko, kaya ginagaya lang kita. Ayos ba?


Batobato sa langit, opinyon lang at wag magagalit.

Philippines improves competitiveness but still trails peers in the region

The Philippines improved its rankings in the latest World Competitiveness Report, which is designed to capture a broad range of factors affecting an economy's business climate, by Switzerland-based World Economic Forum.

The WE Forum said the Philippines posted one of the largest improvements in this year's rankings when it jumped 10 notches from 85th place t0 75th, citing the improving fiscal and economic conditions in the country. A total of 142 economies were included in the poll.

The competitiveness ranking is based on the Global Competitiveness Index (GCI), developed for the WE Forum by Xavier Sala-i-Martin, Professor of Economics at the Columbia University, and introduced in 2004. The GCI comprises 12 categories – the pillars of competitiveness – which together provide a comprehensive picture of a country’s competitiveness landscape. The pillars are: institutions, infrastructure, macroeconomic environment, health and primary education, higher education and training, goods market efficiency, labor market efficiency, financial market development, technological readiness, market size, business sophistication and innovation.

The WE Forum said the Philippines suffered weakness in the quality of its public institutions, issues of corruption and physical security, and quality of education and infrastructure.

"Against such weaknesses, the macroeconomic situation of the Philippines is more positive: the country is up 14 places to 54th in the macroeconomic environment pillar, thanks to a slightly lower public deficit and debt, an improved country credit rating, and inflation that remains under control," the WE Forum said.

Despite the improvement in its rankings, however, the Philippines still trailed other economies in the Asia Pacific Region. Singapore was the most competitive in the region, placing 2nd, while Japan was in 9th place. Hong Kong, meanwhile, was in the 11th position, followed by Taiwan's 13th. Australia, 20th; Malaysia, 21st; Korea, 24th; China, 26th; Thailand, 39th; India, 56th; Indonesia, 46th and Vietnam, 65th.

Switzerland topped the overall rankings in The Global Competitiveness Report, followed by Singapore and Sweden, respectively. Also in the Top 10 were Finland, US, Germany, The Netherlands, Denmark, Japan and the UK.

“After a number of difficult years, a recovery from the economic crisis is tentatively emerging, although it has been very unequally distributed: much of the developing world is still seeing relatively strong growth, despite some risk of overheating, while most advanced economies continue to experience sluggish recovery, persistent unemployment and financial vulnerability, with no clear horizon for improvement," said Klaus Schwab, Founder and Executive Chairman of the World Economic Forum. --CMA/OMG, GMA News

Content Source: GMA NEWS ONLINE
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Bato-Bato replies:  Baka naman magsisitalon sa saya ang mga tao sa Malacanang at ipag-mayabang na naman nila na ang competitiveness ng Pilipinas ay tumaas dahil sa Aquino Administration. Helleer! Wag masyadong itaas ang nuo niyong panot at nauunahan pa tayo ng ibang ASEAN countries. Sana next year mag-improve pa tayo, at kung hindi, kakalbohin ko yang panot mong bunbunan!

Bato-bato sa langit, ang matamaan PANOT!