Home Blog Page 12744

Boracay closure to raise Aklan power rates, legislators say

POWER rates in Aklan are expected to rise as the province’s power distributor seeks to recoup losses associated with the closure of Boracay, legislators associated with the Makabayan bloc of party-list representatives said.
Representative Antonio L. Tinio (Alliance of Concerned Teachers) said in a briefing that the Aklan Electric Cooperative (AKELCO) will lose P17 million monthly as a result of the closure.
“An impending increase of P1.62/kWh will be implemented to cushion the losses,” Mr. Tinio said, adding that “AKELCO has a power purchase agreement with four power generators for 42 MW, which they will have to pay, power sold or not.”
Representative Ariel B. Casilao (Anakpawis) said the closure of the resort island will create a “humanitarian crisis,” directly affecting 36,000 workers and their dependents, estimated to average five each.
He added: “180,000 individuals are directly dependent on the Boracay business cycle,” Mr. Casilao said. Other industries like food, handicrafts and souvenirs will also be affected.
For his part, Representative Carlos Isagani T. Zarate (Bayan Muna) raised concerns over the absence of a rehabilitation plan for the island, citing the lack of spending plans for the P2-billion rehabilitation budget.
“It’s not clear who will benefit from the P2 billion,” Mr. Zarate said. “They’re saying it will be for full-time workers, but what about the peddlers?”
Mr. Zarate filed a House Resolution dated April 3 calling for a joint investigation by the Committee on Natural Resources and Committee on Ecology into the Boracay closure.
Boracay will be closed to visitors for six months beginning April 26. — Charmaine A. Tadalan

SRA says no basis for rumors of impending sugar importation

THE Sugar Regulatory Administration (SRA) said rumors that sugar will need to be imported to meet domestic demand are untrue.
In a statement, SRA Administrator Hermenegildo R. Serafica said buffer stocks are sufficient.
Raw sugar production as of the end of March fell 9% year on year to 1.45 million metric tons (MT) for the ongoing crop year, still higher than demand which rose 11% to 1.22 million MT.
In January, the SRA in Sugar Order 1-A said that its initial projection for raw sugar production was under 2.38 million MT for crop year 2017-2018.
The crop year for sugar begins in September and ends in August.
SRA Board Member Roland B. Beltran said: “There is no basis for speculation being floated around regarding alleged importation plans.”
Last month, the SRA set aside 94% of sugar stocks for domestic use, while 6% was set aside for Class A for the US market. It eliminated the allocation for Class D, which is for non-US export markets. — Anna Gabriela A. Mogato

LTFRB orders Grab to explain P2 per minute waiting charge

THE Land Transportation Franchising and Regulatory Board (LTFRB) has issued a show-cause order for Grab Philippines (MyTaxi.PH, Inc.) explaining its P2 per-minute waiting time charge.
The show-cause order, signed April 12, orders the ride-sharing company to explain in writing five days after receipt of the order why its certificate of accreditation as a transport network company (TNC) should not be suspended or canceled amid allegations that it charges P2 per minute of travel time without authority from the LTFRB. The government agency also ordered Grab to appear before a public hearing on April 17.
The P2 charge is added to the P40 flag-down rate and the P10-P14 per kilometer fare.
The order was triggered by remarks by party-list Representative Jericho Jonas B. Nograles (PBA), who has said in media interviews that Grab owes its riders around P1.8 billion for the last five months due to “illegal” per-minute charges.
Grab has said it has always been transparent on pricing.
“The per-minute charges were implemented to ensure that despite serious congestion issues on the road on a daily basis, hardworking TNVS drivers would have a greater chance of making ends meet and supporting their needs. During this time, we corresponded with the LTFRB to present these changes and was given the opportunity to present in full our business model, supply and demand models and pricing structure during one of the Technical Working Group meetings in late July 2017,” Grab public affairs head Leo Emmanuel Gonzales said in a statement on Wednesday.
The LTFRB on Wednesday also ordered Grab Philippines to lower its surge rate to 1.5x from 2.0x.
The order is to be implemented immediately. Board Member Aileen Lourdes A Lizada said this is “while the petitions for accreditation of other TNCs are being processed.” Four transport network companies are applying for accreditation with the LTFRB.
Aside from these new regulation issues, Grab is also facing a review by the Philippine Competition Commission (PCC) on its deal to acquire Uber’s Southeast Asian operations.
Grab will extend the operations of the Uber Philippines (Uber Systems, Inc.) app to April 15, despite the former’s objections to the order of the PCC for the two ride-sharing companies to continue operating independently pending the antitrust body’s review. The Uber app was scheduled to go offline on April 8.
It will also bear the costs of keeping the Uber app operational until April 15, an extension of Grab bearing the costs from March 25 to April 8 which was part of the transaction services agreement between Uber BV and Grab Holdings, Inc.
The antitrust body had said the acquisition leads to a “virtual monopolization” of the ride-sharing market. — Patrizia Paola C. Marcelo

PHL announces large-scale renewable projects

Large-scale commitments by the Philippine government will increase sustainable power’s already significant contribution to the energy mix.
In early March the Board of Investments (BoI), the investment promotion agency, revealed details of eight solar projects worth P86 billion ($1.7 billion) to be rolled out from October.
The largest, the Iba-Palauig 2 Solar Project, is a P19-billion photovoltaic power plant for the Zambales area. The facility will have a peak generation capacity of 140 MW and is scheduled to begin operations in February 2020.
A second project involving two facilities in Cavite Province — Maragondon-Naic 1 and Marangondon-Naic Tanza 2 — is valued at P17.3 billion and is expected to be operational from October this year, providing a combined capacity of 392 MW, while two projects worth P13.6 billion each for solar farms in Tarlac and Batangas, expected to come online by January 2019 and February 2020, respectively, will have a combined 588-MW capacity. Another facility slated to become operational in early 2020 in Nueva Ecijia will add 194 MW.
Capacity specifications for two more projects, to be deployed in Tarlac, have yet to be announced.
The projects are contracted to solar farm and panel developer Solar Philippines Commercial Rooftop Projects and, as they aim to reduce greenhouse emissions, qualify for incentives under the government’s Investment Priorities Plan.
Of 29 new energy investments approved by the Department of Energy (DoE) in late January, 15 were focused on renewables. Alongside the eight solar projects, there were three biomass and five hydropower developments. Fossil fuel projects made up the remainder, the largest being a 1,000-MW, coal-fired plant in Quezon. Total investments signed in January represent a 541% increase over the previous year, according to the BoI.
LONG-TERM RENEWABLE DEVELOPMENT PLANS
The Philippines is already a regional leader for generating power from clean energy; renewables account for 24.2% of gross generation and 32.5% of installed capacity, representing just over 7,000 MW, according to the Institute of Climate and Sustainable Cities.
As the technology becomes increasingly affordable and contracts for renewable projects, particularly solar, become more competitive, this share is expected to increase in line with the DoE’s energy security targets, which involve boosting generation capacity to 25% above peak demand.
In the longer term, the DoE estimates the Philippines will need to deploy an additional 44,800 MW of new capacity between now and 2040. This addition, of which the newly approved projects are just a small part, would more than double existing installed capacity, which stood at 21,600 MW in the second half of 2017. Of the total, the DoE expects renewables to account for a minimum of 20,000 MW. The government is also looking to broaden its energy mix to potentially include nuclear in the future.
PROPOSED TAX CHANGES COULD AFFECT ENERGY INVESTMENTS
The role renewables play in the future energy mix could be affected if future projects become less cost competitive as a result of proposed changes to the tax regime.
In a presentation to energy industry stakeholders in March, the Department of Finance said it was considering removing the zero-rated, value-added tax currently in place for the renewables industry.
According to local press reports, the move is part of wider energy reforms that could see the removal of around P11.2 billion worth of tax and import duty incentives for energy investments under the government’s Tax Reform for Acceleration and Inclusion (TRAIN) initiative, which aims to generate revenue for health, social care and infrastructure development.
This has raised concerns among developers, who in a letter to Congress said the incentive “is a necessary component of the fiscal incentives package enabling the renewables industry to provide clean, sustainable and lower-cost electricity to end-consumers.”
However, the challenge posed by the potential change could be partially offset by higher levies on coal imposed under the first package of TRAIN reforms introduced last December.
In addition to lowering personal income taxes and raising duties on fuel, cars and some consumer goods, TRAIN 1 increased excise duties on coal imports from P10 per ton to P50, and this is expected to triple to P150 per ton by 2020.
The government is also considering imposing higher tariffs on the local coal industry, which has benefitted from excise tax exemptions since the 1980s.
The tax hikes are expected to lead to price increases for electricity, as power plants fueled by coal account for around 48% of power supply.
 
This Philippine economic update was produced by Oxford Business Group.

Experts: IS eyeing PHL, Southeast Asia as havens

By Krista A.M. Montealegre, National Correspondent
and Minde Nyl R. dela Cruz
AN OFFICIAL of the US State Department on Wednesday warned that the Islamic State (ISIS) is looking for “new safe havens” worldwide, including “Southeast Asia, in particular Southern Philippines.”
Then on Thursday, international services firm Aon also warned of the threat of terrorism in the Philippines and in the region.
In his telephonic press briefing, the US State Department’s Director for the Office of Countering Violent Extremism, Irfan Saeed, said, “ISIS in particular has looked at finding new safe havens in terms of land as well and in that aspect they have looked very strongly at Southeast Asia, in particular Southern Philippines.”
“And they are looking at drivers that exist across Southeast Asia, across this part of the world, even looking into the Rohingya crisis in Burma as a potential driver. So, there is a focus across Southeast Asia that terrorists are looking at these as a possible narrative, and I think we have to be aware of that, so we can counter it,” Mr. Saeed also said.
Asked about possible terror “drivers” identified by the US in Southeast Asia, Mr. Saeed said, “I think the overall response was that there needs to be more research done in the area to truly identify how one goes from Southern Philippines from Indonesia to join a terrorist group, and I think we are still not there yet in terms of Southeast Asia, and that’s what we are trying to do is increase the capacity of researchers across Southeast Asia in universities and think tanks, so that they can understand how to do the research, how to understand the drivers of violent extremism better.”
He added: “You cannot say that the driver of violent extremism in Malaysia is the same as in Indonesia, is the same as in the Philippines, is the same as in Thailand, in other parts, Australia, the United States. Every entity, every country has their own specific drivers, and we have to do our due diligence in understanding what those drivers are.”
“And to do that we can’t just rely on our capitals. We can’t just rely on a think tank to tell us the global drivers of violent extremism. We have to understand those local grievances. We have to understand what makes a particular person in disparate parts of Southeast Asia, from Marawi to Mindanao to Eastern Sabah, Kuala Lumpur, Jakarta,…Tuban,… these are [some of] the areas where we have to understand and dig down deep to figure out what are those drivers of violent extremism,” Mr. Saeed said further.
He also noted: “I think the Philippines has done a good job of trying to address a very prevalent issue that has blown up very quickly and that they’ve been able to address it and then try to think long-term right after that.”
Sought for comment, Defense Secretary Delfin N. Lorenzana said the Muslim population in Mindanao “will not tolerate them (terrorists) because of what happened in Marawi.”
“(T)hey will be committing a huge mistake if they decide to come because we are actively pursuing the remnants of the ISIS in Mindanao. And we will not stop until we got them all,” Mr. Lorenzana also said in his text message.
Incoming Philippine National Police (PNP) chief Oscar D. Albayalde affirmed the terror threat is “always there” and emphasized the importance of preparedness, as he led police in a terrorism simulation exercise in Cubao, Quezon City, on Thursday.
“It’s all over, it’s global, so hindi na natin kailangan hintayin pa na may mangyari sa atin (we really don’t have to wait until something happens). What we should do is continue to strengthen our target hardening measures… para (so) just in case na talagang may mangyari (something does happen)… we have to really be prepared,” Mr. Albayalde said.
For its part, Aon, in its 2018 Political Risk Map, showed Southeast Asia continues to be “under sustained threat” despite the absence of an attack by IS (as ISIS is also called) — with the terror risk being “more severe” in the Philippines where the overall country score remains “high” in 2018, a year after it was raised from “medium.”
“While the global reach of IS appears to have peaked, they will continue to agitate for attacks in areas where they have traction, notably in the Philippines and to a lesser degree in Malaysia, Indonesia and Singapore,” Dan Bould, regional director-crisis management for Asia of Aon Risk Solutions, was quoted in the statement as saying.
The survey attributed the increased threat in the Philippines to the five-month takeover of Islamist extremists of Marawi last year that prompted the government to declare martial law in Mindanao.
The Marawi crisis “reflects signs of IS-linked factions regrouping in southern Philippines and jihadist capability to mount attacks from there across Southeast Asia.”
“In 2018 we expect a continued increase in terrorist activity within Asia,” Mr. Bould said.
IS has been producing more directed and relevant propaganda content aimed at Asia-based militants and affiliates, with the aim to “inspire and motivate individuals to mount attacks using crude and improvised weapons.”
“The shift in modus operandi towards lone wolf attacks utilizing everyday objects highlights an evolving peril that organizations must address. The property damage sustained in such an attack is historically minor while the effect on operations and business interruption may well be substantial,” Mr. Bould said.
The Risk Map lists Singapore as a prized target, the survey showed. The country risk level for Singapore remains “low” a year after it was raised from “negligible”, and a terrorism peril is still in place — particularly from attacks mounted by lone actors using improvised weapons.
Although the Risk Advisory has not recorded any terrorist attacks in Singapore over the past 12 months, this peril and risk scoring reflect the arrests of purported extremists and disruption of plots in the country in recent years, the survey noted.
Aon noted that the tourism sector has to manage the risks posed by increased terrorism, with the sector a highly attractive target for some terrorist organizations.
In 2017, there were at least 35 attacks worldwide that directly targeted critical commercial components of the tourism industry, such as hotels and resorts, nightclubs, civil aviation and visitor attractions.

ConCom mulls reelection for president and VP

By Camille A. Aguinaldo
A SUBCOMMITTEE of the Consultative Committee (ConCom) tasked to review the 1987 Constitution has proposed that elective officials, including the president, the vice-president and lawmakers, serve for four years with one reelection under the proposed federal government.“The members of the committee felt that three years (for congressman) is too short. So it was turned to four, even for the president. This is a return to the 1935 Constitution, four years,” former Supreme Court justice Antonio Eduardo B. Nachura, chair of the subcommittee on the structure of the federal government, said during a press briefing at the Philippine International Convention Center (PICC) in Pasay City. “Manuel Quezon was elected under the 1935 Constitution that provided for six-year term without reelection. When he ended his term, he said six years was too long for a bad president but too short for a good president. So the (1935) Constitution was amended where they changed it to four years with reelection,” he added.
Under the present Constitution, the president and the vice-president serve for six years without reelection. Senators serve for six years with one reelection. Congressmen serve for three years with two reelections.
The ConCom’s proposal is similar to the terms of office under the 1935 Constitution.
The late dictator Ferdinand E. Marcos was elected twice under that Constitution, but declared martial law in his seventh consecutive year in office, soon after effectively discarding the 1935 Constitution with the 1973 Constitution, a ratified under controversial circumstances by a constituent assembly.
The current 1987 Constitution, crafted by a constitutional commission organized by President Corazon C. Aquino and ratified in a plebiscite a year after Mr. Marcos’s fall, stipulated a six-year single term for both the president and vice-president. But in the succeeding administrations of Fidel V. Ramos, Joseph E. Estrada, Gloria Macapagal-Arroyo and now President Rodrigo R. Duterte, there have been efforts to change the present Charter, targeting the terms of office and other provisions.
Aside from the terms of office, Mr. Nachura also presented other recommendations of the subcommittee for the structure of the executive and legislative branch in the proposed federal government.
It added a provision that the president, the vice-president, and lawmakers should hold college degrees.
Under the executive branch, the subcommittee also proposed that the president and vice-president to be elected as a tandem.
It also called for a mandatory appointment of the vice-president to a Cabinet position. But the vice-president, as well as the president, members of the Cabinet and their undersecretaries and assistant secretaries cannot hold other government positions.
In case of vacancy in the position of vice-president, the subcommittee proposed that the president appoint a vice-president among members of the Senate and the House with the same political party or coalition. The appointment would require no confirmation from Congress, unlike the present Constitution.
The bicameral Congress is thus retained, which would be composed of the Senate and the House of Representatives.
Senators would be elected per region depending on the federal regions which have yet to be finalized by another Concom subcommittee. Two to four senators may serve per region. Members of the House of Representatives would either be elected by legislative district or chosen by proportional representation composed of political parties and sectoral representatives from the five major socio-economically disadvantaged sectors: labor, peasants, fisherfolk, indigenous peoples, and urban poor. As for the judiciary, Mr. Nachura said the subcommittee’s recommendations remained under deliberation.
The proposals of the subcommittee would be voted upon by the ConCom en banc on Monday, Apr. 16.

Senate leader files bill to lower rates for political ads

SENATE President Aquilino L. Pimentel III has filed a bill seeking to lower the rates on political advertisements charged by media companies to electoral candidates.
Filed on Apr. 4, Senate Bill No. 1777 called for lowering rates by 50% for television, 30% for radio, and 20% for print ads from the average rates charged to their most favored advertisers during the first three quarters of the two years before the elections.
“In this day and age, an undeniable feature of running a successful election campaign involves media exposure. Unfortunately, many qualified but financially disadvantaged candidates are unable to compete in this regard because of prohibitive rates charged by media entities,” Mr. Pimentel said in a statement, citing the constitutional provision which provides for equal access to opportunities for public service.
Under Republic Act 9006 or the Fair Election Act, media outlets are mandated to charge political advertisements with discounted rates of 30% for television, 20% for radio, and 10% for print based on the average rates charged during the first three quarters of the year before the elections.
Mr. Pimentel said the lowered rates would allow more candidates to run and give voters more choices during the elections.
“This proposal complements our campaign against political dynasties — voters won’t have to put up with the same old tired faces if they have more options to choose from,” he said.
He also saw no issue with the proposed measure as media companies have been willing to lower rates for certain parties.
He noted that while money was never a qualification to run for public office under the Constitution, only the rich or those with financiers could run due to the costs of campaigning.
“The reason we have campaign spending limits is due to the temptation for corruption generated by excessive expenses during a campaign,” he said, noting that some politicians ‘recoup’ their spending using public funds. — Camille A. Aguinaldo

Senate health panel chief: Only Abad, Garin ‘primarily liable’ in Dengvaxia controversy

By Camille A. Aguinaldo
SENATOR Joseph Victor G. Ejercito on Thursday said only former health secretary Janette P. Loreto Garin and former budget secretary Florencio B. Abad were “primarily liable” over the Dengvaxia controversy.
In a statement, Mr. Ejercito, chair of the Senate committee on health, said former president Benigno S.C. Aquino was merely guilty of negligence but noted that he was also liable based on command responsibility.
“I believe that while former President Aquino III is guilty of negligence for not exercising due diligence, it is his two Cabinet members who should be primarily held liable for the Dengvaxia mess that has endangered the lives of almost 1 million children,” he said.
“The Senate hearings have shown that former Department of Health (DoH) Secretary Janette Garin and former Budget Secretary Florencio Abad are the principal conspirators in the anomalous procurement and questionable implementation of the vaccine,” he added.
The legislative inquiry on the Dengvaxia was presided by both the Senate committees on health and on accountability of public officers and investigations (Blue Ribbon), the latter chaired by Senator Richard J. Gordon.
The draft committee report released by Mr. Gordon last Wednesday tagged Messrs. Aquino and Abad as well as Ms. Garin as primary conspirators who should be investigated for graft.
Mr. Ejercito pointed out that Ms. Garin recommended the procurement of the vaccines despite warnings of experts on the possible dangers.
Mr. Ejercito also pointed out that Mr. Abad allowed the release of the budget for the vaccines without congressional approval, noting the fast procurement process over the vaccines even during the holiday period.
He said Mr. Aquino should have exercised “more prudence and oversight” instead of approving the purchase of the anti-dengue vaccines.
“That is a failure of leadership that should hound his conscience and legacy,” he said.
On the other hand, stalwarts from the Liberal Party, Mr. Aquino’s political party, said the draft committee report was released to “cover up” such issues under the current administration, such as the closure of Boracay, the impeachment against Chief Justice Maria Lourdes P.A. Sereno, and the rising inflation.
“This is simply a smokescreen of the administration to hide the issues hounding its officials,” LP vice-president and former Quezon representative. Lorenzo R. Tañada III said in a statement.
For his part, Senator Paolo Benigno A. Aquino IV, who is also the former president’s cousin, said the draft committee report still needed to be debated in the Senate.
“There (referring to Wednesday’s presscon on the issue) was no discussion that someone profited, no discussion that they knew that these were the effects, and yet they were held liable. I think that’s really a cause for concern,” he told reporters in Quezon City, noting that the press briefing yesterday also did not prove that children died due to the Dengvaxia vaccine.
Ifugao Rep. Teodoro B. Baguilat, Jr. expressed doubts on the fairness of Mr. Gordon’s report as it focused mainly on the previous administration.
“The Dengvaxia vaccine program was not only carried out by the past administration but also the current administration,” he said in a statement.

PET issues show cause order against Robredo, Marcos camps for violating gag order

THE Supreme Court (SC), acting as the Presidential Electoral Tribunal (PET), has directed the parties of Vice-President Maria Leonor “Leni” G. Robredo and former senator Ferdinand “Bongbong” R. Marcos, Jr. “to show cause and explain, within ten days… why they should not be cited in contempt for violating the Resolutions dated February 13, 2018 and March 20, 2018,” according to a PET statement released on Thursday.
In both resolutions, the parties were ordered “to strictly observe the sub judice rule pending the proceedings (of the election recount),” a statement by the SC said.
“In essence, the sub judice rule restricts comments and disclosures pertaining to pending judicial proceedings… to preserve the impartiality of the judicial system by protecting it from undue influence,” according to the high court in G.R. No. 176389.
“However, despite these stern directives of the Tribunal, several news reports have shown that the parties, their counsels, and/or representatives, have nonetheless continued to disclose sensitive information regarding the revision process to the public,” the statement read further.
The revision, defined by the PET as the physical recount and tallying of the votes, started on Monday, April 2, with Mr. Marcos claiming several “irregularities.”
Chief among these were his claims of discovering excess ballots containing pre-shaded votes for Ms. Robredo retrieved from Camarines Sur, one of the three pilot regions Mr. Marcos chose which also included Iloilo and Negros Oriental.
There were also claims of wet ballots, cracked ballot boxes, and missing audit logs, as affirmed by Mr. Marcos’s spokesperson, lawyer Victor F. Rodrigues.
Ms. Robredo’s chief legal counsel, Romulo B. Macalintal, disputed these claims of irregularities. — Dane Angelo M. Enerio

Quo warranto remedy applicable to public officers, says retired SC justice

A RETIRED associate justice of the Supreme Court on Thursday said the legal remedy of quo warrranto could be used against public officers, including impeachable officials.
“Quo warranto is a process that attacks the validity of the title of a person to a public office… It can be used to question the right of the public officer to continue holding a public office if there is an irregularity in the title to the public office,” retired associate justice Antonio Eduardo B. Nachura said in a press briefing on the Constitutional Commission, whose subcommittee on the structure of the federal government he heads.
If the quo warranto proved the position invalid, Mr. Nachura said the public official was not “removed” but it would appear that “there was no valid appointment in the first place.”
But he declined to comment directly on the ongoing quo warranto case filed by Solicitor-General Jose C. Calida against Chief Justice Maria Loudes P.A. Sereno.
Also on Thursday, Ms. Sereno’s camp in a statement quoted a spokesman of hers, lawyer Jojo Lacanilao, as saying, “There is no allegation in the petition that the Chief Justice has any such ill-gotten wealth.”
“We have to remember that CJ Corona himself admitted that he had US$2.4 million and his defense centered on his interpretation that he was not required to declare his dollar deposits because of the confidentiality of foreign accounts under the Foreign Currency Deposit Act,” Lacanilao said regarding Ms. Sereno’s impeached predecessor, Renato C. Corona, who died four years after he was convicted by the Senate sitting as an impeachment court.
Mr. Lacanilao pointed out further that Mr. Corona also did not declare P80 million in local currency deposits as he claimed the funds were commingled, mostly belonging to his children and wife’s family corporation, the Basa-Guidote Enterprises Inc.
“One cannot draw parallels between the two chief justices because their cases are entirely different from each other. The difference is monumental,” Mr. Lacanilao said.
According to Mr. Lacanilao, statements of assets, liabilities and net worth (SALNs) are only relevant to the question of integrity if the issue is ill-gotten wealth.
The statement by the Sereno camp also pointed out that nine of her SALNs at the University of the Philippines (UP) had already been recovered aside from the 2002 SALN found in her 201 file at the university and her 1998 SALN with the Office of the Ombudsman.
The statement said Mr. Calida himself admitted that he had secured from UP records the other SALNs of the Chief Justice for the years 1985, 1990, 1991, 1993, 1994, 1995, 1996 and 1997. The records did not include the 1989 SALN that Ms. Sereno had recently retrieved from her files. — with Camille A. Aguinaldo

Nationwide Round-Up

CIDG given until April 30 to submit more evidence vs Espinosa​, others

THE DEPARTMENT of Justice (DoJ) on Thursday gave the Criminal Investigation and Detection Group (CIDG) and the Office of Solicitor General (OSG) until April 30 to submit any additional evidence in the reopened investigation against several high-profile drug suspects. The original complaint against suspected drug lord Peter Go Lim, self-confessed drug distributor Rolan “Kerwin” Espinosa, convicted drug lord Peter Go, and several others was dismissed in a resolution dated Dec. 17, 2017, but was later “vacated” by ex-Justice Secretary Vitaliano N. Aguirre and remanded to a new panel of prosecutors to give parties time to reinforce their sides. The new panel — composed of Senior Assistant State Prosecutor Juan Pedro C. Navera, Assistant State Prosecutor Anna Noreen T. Devanadera, and Prosecution Attorney Herbet Calvin D. Abugan — also instructed the OSG to submit on or before April 17 their comments on Mr. Lim’s request to have a separate preliminary investigation. — Dane Angelo M. Enerio

BAR results out on the 26th

THE SUPREME Court (SC) will release the 2017 Philippine Bar Examination results on April 26, according to the court’s spokesperson, Theodore O. Te. “The Court will meet in a special en banc session to deliberate on the results… after which, the 2017 Bar Exams Committee Chair Justice Lucas P. Bersamin will officially announce the results,” Mr. Te told reporters on Thursday. “Names of successful examinees will be flashed on screen at the SC quadrangle and also posted to the SC website,” he added. A total of 7,227 law graduates took the examination last year. — Dane Angelo M. Enerio

PSE proposes continued trading on special non-working days in NCR, gov’t work suspensions

THE PHILIPPINE Stock Exchange (PSE) is proposing an amendment to the trading day clause under the Revised Trading Rules to make it a policy to have continued operations on: (1) Special non-working days in the National Capital Region, and (2) Days when work in government offices is suspended but not in the private sector. The proposal, contained in a memorandum dated April 10, has been submitted to the Securities and Exchange Commission for approval. The PSE also said that “the Securities Clearing Corporation of the Philippines (“SCCP”) and the Capital Markets Integrity Corporation (“CMIC”) also intend to issue their respective Guidelines for Trading Without Settlement (“Guidelines”), to provide guidance to the trading participants/clearing members on the implementation of the proposed rule.” The SCCP and CMIC draft guidelines are still open for comments.