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Teodoro gets CA nod
The Commission on Appointments on Wednesday approved the ad interim appointment of Gilberto “Gibo” Teodoro Jr. as secretary of the Department of National Defense. Prior to his confirmation, the 12-member House contingent of the powerful CA spared Teodoro from questioning as a “courtesy” to the Defense chief who previously worked as Tarlac's 1st district representative. “The 12-member House of Representatives contingent will no longer ask questions regarding the nominee being a former member of Congress for three consecutive terms in the 11th, 12th, and 13th Congress,” said Camarines Sur 2nd District Rep. LRay Villafuerte, the majority leader of the CA. Villafuerte added that the House contingent “has no doubt regarding the fitness and integrity of the nominee”. He appealed to their counterpart, the Senate to accord the same courtesy to Teodoro. From the 12-member Senate contingent, only Senator Risa Hontiveros asked questions to Teodoro. Hontiveros questioned Teodoro about his plans for the DND, now under his watch for the second time. He held the same position under the administration of then-President Gloria Macapagal Arroyo at the age of 43, the youngest ever appointee to the agency. Responding to the lawmaker’s query, Teodoro admitted that there has been a “shift in the evolution” from his first stint in the DND. He noted that he is now focusing on “straddling the balance between maintaining internal security and with an emphasis definitely given what is happening to the outside environment.” “We are strengthening our defense posture. We are gradually enhancing the capabilities of the AFP (Armed Forces of the Philippines),” he said. The Defense chief said he is also working on “leveraging” the country’s alliance with other nations to strengthen the country’s capability to protect itself from external threats. By doing so, he noted that he would try to introduce “management solutions to managerial problems, and not military solutions to managerial problems.” “That is the transformation that we are trying to make. We are also deeply restrategizing what we intend to do at least in the next five years in order not only to make the defense department more responsive to the outside and internal environments but also to make more efficient our use of resources, and to use information technology to the highest extent possible,” he added. Teodoro also underscored the importance of strengthening the country’s capability to respond to external strength and not just rely on diplomacy. “[T]he intensity of the need to focus on protecting our sovereignty, our sovereign rights, in the exclusive economic zone and other jurisdictions of the country become more paramount now, as the whole world is in a raise for resources,” he said. “We could not afford to be laidback here. We should be cognizant of it because we can and principally use diplomacy, however, if diplomacy is not backed up by a strong spinal cord, then we will just be stymied by a greater force,” he added. He made the remarks amid the increasing tension between the Philippines and China in the West Philippine Sea. China claims the vast South China Sea, including the West Philippine Sea. On 12 July 2016, the Philippines won its arbitral case against China in the Permanent Court of Arbitration – a landmark decision that China continues to reject. Teodoro said the Defense Department wishes the concentrate on not only guarding the islands of the archipelago and its internal waters but also on securing “peaceful, unimpeded, and unobstructed exploitation, and exploration of our sovereign rights over the 200 nautical mile EEZ of the republic and in all areas of the Philippines, to secure our baselines.” Last June, President Ferdinand Marcos Jr. announced Teodoro’s appointment as the new DND secretary, replacing Carlito Galvez Jr. who led the agency for five months. Aside from Teodoro, the CA also approved the promotion of 11 generals and senior officers of the AFP. Jose Jesus Luntok, Ramon Flores, Dennis Pacis, Nasser Lidasan, Benedict Balaba, Steve Crespillo, Arvin Lagamon, Ivan Papera, Lloyd Cabacuñgan, and Fernando Ventura secured CA’s approval for their rank of Brigadier General. Peter Jempsun de Guzman’s rank of Commodore was also approved. The post Teodoro gets CA nod appeared first on Daily Tribune......»»
JV: Not my father who made ‘deal’ to remove BRP Sierra Madre
Senator Joseph Victor “JV” Ejercito on Monday refuted claims that it was his father, former President Joseph “Erap” Estrada, who made an alleged agreement with China to remove the BRP Sierra Madre from the Ayungin Shoal. Ejercito said the claim that it was his father who committed to removing the BRP Sierra Madre from Ayungin Shoal is “impossible,” since it was Estrada who ordered the grounding of the World War II ship in the low-tide elevation. “That claim seems inconsistent. The mere fact President Estrada was the one who ordered the BRP Sierra Madre be grounded in Ayungin Shoal, it’s impossible he will commit to remove the same,” he told reporters in a Viber message. He also took a swipe against columnist Rigoberto Tiglao, who claimed it was his father who made such a commitment to China. “At least President Erap had the courage to fight for our sovereignty,” he said. “Unlike them who paved the way for NBN-ZTE, the first salvo of Chinese intrusions in our country,” he added, referring to the canceled National Broadband Network project with ZTE Corp., a Chinese telecommunications firm, during the time of former president Gloria Macapagal Arroyo, now Pampanga 2nd District Representative. Tiglao served as the former presidential spokesperson and Chief of Staff of Arroyo, who served as the 14th president of the Philippines following the ouster of Estrada during the second People Power Revolution or EDSA II in 2001. China is insisting on its territorial rights over the Ayungin Shoal, which is located 105 nautical miles west of Palawan and is part of the Philippines’ exclusive economic zone. It also claimed the Philippine government had repeatedly made promises to tow away the grounded BRP Sierra Madre from Ayungin Shoal. “Who was closer to China? Was it Erap? The VFA was in fact approved also during his time,” said Ejercito, referring to the Visiting Forces Agreement between the Philippines and the United States. According to the Department of Foreign Affairs, the Philippines decided in 1999 to deploy the BRP Sierra Madre as a permanent station on Ayungin Shoal in response to China’s illegal occupation of Panganiban Reef in 1995. It also explained that the Philippine station on Ayungin Shoal was deployed in 1999, years ahead of the conclusion in 2002 of the Declaration on the Conduct of Parties in the South China Sea. “[It] is therefore not a violation of the DOC,” the DFA pointed out. The post JV: Not my father who made ‘deal’ to remove BRP Sierra Madre appeared first on Daily Tribune......»»
DFA on Del Rosario: ‘Consummate diplomat, inspiring leader’
Former Foreign Affairs Secretary Albert del Rosario, who ushered the Philippines’ case against China in the 2016 landmark decision that cemented Manila’s claim over the West Philippine Sea, passed away at 83, the Department of Foreign Affairs announced Tuesday. In a statement, the DFA said Del Rosario died while en route to San Francisco in the United States. It did not elaborate further on the cause of the passing of the agency’s former chief. The DFA described Del Rosario as a “staunch advocate of protecting and advancing national security and promoting the rights and welfare of Filipinos both in the Philippines and abroad.” He joined the Cabinet of late President Benigno “Noynoy” Aquino III as DFA secretary from 2011 to March 2016. Foreign Affairs Secretary Enrique Manalo also extended his condolences to the family of the country’s former top diplomat. “I extend my deepest condolences to the loved ones of Secretary Albert F. Del Rosario. He was a consummate diplomat and an inspiring leader who led the DFA with integrity and unwavering commitment to public service. You will be missed, Mr. Secretary,” said Manalo. 2016 Arbitral Ruling During his stint as the DFA chief, Del Rosario led the country’s arbitral case before the Hague-based court and challenged China’s historic nine-dash claim in the South China Sea. On 12 July 2016, the Permanent Court of Arbitration favored the Philippines’ claims in the West Philippine Sea – a landmark decision that the People’s Republic of China continues to reject. Even after his stint at the DFA ended, Del Rosario continued to speak against Chinese activities in the WPS, which earned the ire of Aquino’s successor, former President Rodrigo Duterte. Duterte and Del Rosario traded barbs at the height of the Covid-19 pandemic in 2021, after the latter said that ranking Chinese officials helped the former president win in the 2016 elections. In response to Del Rosario’s allegation, the Duterte administration accused Del Rosario of being a “traitor” for ordering the withdrawal of Filipino ships during the 2012 standoff with China in Scarborough Shoal. The former DFA chief explained that he mistakenly believed that China would keep its promise to call off its ships in a deal that was brokered by the United States. Before taking the helm of the DFA under the Aquino administration, Del Rosario also served as Philippine Ambassador to the United States under former President Gloria Macapagal Arroyo from 2001 to 2006. Diplomats pay tribute As the news spread about the passing of Del Rosario, the international community also expressed its condolences to the family of the former DFA chief. Czech Ambassador to the Philippines Jana Treybalová Šedivá said: “He was a source of inspiration and I learned so much from him.” “You will be missed also by Czech friends and colleagues, dear Albert,” she added. European Union Ambassador to the Philippines Luc Veron described Del Rosario as "soft-spoken" but an "indefatigable diplomat and patriot whose role in strengthening EU-Philippines relations was critical." Likewise, Japanese Ambassador to the Philippines Koshikawa Kazuhiko expressed his gratitude to Del Rosario for his contributions to the Philippines-Japan bilateral relations. “His contributions to the Philippines-Japan relationship as symbolized by the conferment of a Japanese Decoration last year and his leadership to uphold the rule of law in the sea will never be forgotten,” Koshikawa said. Last November, the Japanese government conferred on Del Rosario the Grand Cordon of the Order of the Rising Sun, citing him for becoming an “instrument” in building the Japan-Philippines bilateral relationship toward becoming a “strategic partnership”. “Especially, he has significantly contributed in ensuring the safety of ships navigating the waters around the Philippines by strengthening the maritime security relations between both nations,” it said. It also acknowledged Del Rosario’s role in the historic victory of the Philippines in the special arbitral tribunal that favored the country against the People’s Republic of China in 2016. The Order of the Rising Sun is awarded by the Emperor of Japan to individuals, both Japanese and foreign, in recognition of long and/or especially meritorious service. Australian Ambassador to the Philippines HK Yu also mourned the passing of Del Rosario, whom she described as a “good friend” to Australia. “Secretary Del Rosario will always be remembered for his support for UNCLOS and the rules-based international order,” YU said. Del Rosario is survived by his wife Gretchen and his children. The post DFA on Del Rosario: ‘Consummate diplomat, inspiring leader’ appeared first on Daily Tribune......»»
Asialink eyes P2.4 billion in truck loans as e-commerce grows
Asialink Finance Corp. is looking at lending as much as P2.4 billion this year to the fast growing market for brand new and used trucks that are essential to the growth of e-commerce and logistics......»»
Google Drive Going Dark Soon?
It seems like the highly popular cloud storage service Google Drive will go dark soon – as in dark mode, for its web version so people who are on the dark side can enjoy their favorite cloud storage platform without squinting their eyes. The report comes from a post from 9to5google, as they’ve received a […].....»»
PNP chief brushes off claims of extrajudicial killings under Marcos admin
PNP chief brushes off claims of extrajudicial killings under Marcos admin.....»»
Amid underlying tensions, Xi pushes for more trust with Vietnam
Hanoi [Vietnam], December 13 (ANI): Barely months after Hanoi improved ties with Washington, China and Vietnam, two ancient foes with long-standing disputes over competing claims in the South China Sea, decided on Tuesday to hold discussions on collaborations between them, according to CNN. Chinese state media hailed a "new positioning of relations" between Chinese leader Xi Jinping and Vietnamese Communist Party chief Ng.....»»
Amid underlying tensions, Xi pushes for more trust with Vietnam
Hanoi [Vietnam], December 13 (ANI): Barely months after Hanoi improved ties with Washington, China and Vietnam, two ancient foes with long-standing disputes over competing claims in the South China Sea, decided on Tuesday to hold discussions on collaborations between them, according to CNN. Chinese state media hailed a "new positioning of relations" between Chinese leader Xi Jinping and Vietnamese Communist Party chief Ng.....»»
Record 114 million people now displaced worldwide: UN
The number of people displaced from their homes worldwide is estimated to have exceeded 114 million, the United Nations said Wednesday -- a record figure. The main drivers in the first half of 2023 were the conflicts in Ukraine, Sudan, Myanmar and the Democratic Republic of Congo; a prolonged humanitarian crisis in Afghanistan; and a combination of drought, floods and insecurity in Somalia, UNHCR, the UN refugee agency, said in a statement. "The number of people displaced by war, persecution, violence and human rights violations globally is likely to have exceeded 114 million at the end of September," the agency said. "The world's focus now is -- rightly -- on the humanitarian catastrophe in Gaza. But globally, far too many conflicts are proliferating or escalating, shattering innocent lives and uprooting people," said UN refugees chief Filippo Grandi. He blamed the international community's inability to solve or prevent conflicts and urged better cooperation to end violence and allow displaced people to return home. Record numbers The number of displaced people worldwide jumped from 108.4 million people at the end of last year to 110 million people by the end of June 2023, the UNHCR said in its Mid-Year Trends Report. A UNHCR spokesman confirmed to AFP the 114 million figure at the end of September was a record since the agency began collecting data in 1975. The new estimate precedes the outbreak of the war between Hamas and Israel. Hamas gunmen poured into Israel on October 7, beginning an attack that killed more than 1,400 people, mostly civilians, while also kidnapping more than 220 others, according to Israeli officials. Gaza's Hamas-run health ministry says retaliatory Israeli strikes have killed more than 6,500 people. The number of people internally displaced within Gaza is estimated at about 1.4 million, according to the UN humanitarian agency OCHA. One in 73 displaced More than one in 73 people around the world are forcibly displaced, the UNHCR said. At mid-2023, there were 35.8 million refugees who had fled abroad, and 57 million internally displaced persons (IDPs). Millions more are asylum seekers or in need of international protection. Almost one-third of all displaced people originated from just three countries: Afghanistan, Syria and Ukraine. Low- and middle-income countries hosted 75 percent of refugees and other people in need of international protection. The countries hosting the most refugees are Iran and Turkey at 3.4 million each; Germany and Colombia with 2.5 million each; and Pakistan with 2.1 million. Nearly half of Syria's population remained displaced at mid-2023: 6.7 million people within the country and 6.7 million refugees and asylum-seekers, with most hosted in Turkey. Globally, 1.6 million new individual asylum applications were made between January and June 2023 -- the largest number ever recorded in the first six months of any given year. Of those, 540,600 claims were in the United States, 150,200 in Germany and 87,100 in Spain. "As we watch events unfold in Gaza, Sudan and beyond, the prospect of peace and solutions for refugees and other displaced populations might feel distant," said Grandi. "But we cannot give up. With our partners we will keep pushing for -- and finding -- solutions for refugees." Some 3.1 million people did return home between January and June, including 2.7 million IDPs. The post Record 114 million people now displaced worldwide: UN appeared first on Daily Tribune......»»
Brawner: Phl has right to repair BRP Sierra Madre, China can’t tell us otherwise
The Philippines has the right to repair its commissioned navy warship, BRP Sierra Madre grounded in Ayungin in the West Philippine Sea and China cannot tell no, Armed Forces of the Philippines chief Gen. Romeo Brawner Jr. said Wednesday. In an interview during the Kapihan sa Manila Bay forum, Brawner stressed that the Philippines has the sovereign rights and jurisdiction over the waters around Ayungin shoal and so the repair of BRP Sierra Madre must be fitting. “I really believe that we have the right to repair the ship because that is a Philippine-commissioned Navy ship. Kahit andoon siya sa Ayungin Shoal, karapatan natin na ayusin (Even if it was stuck in Ayungin Shoal, it’s our right to repair that),” he said. Brawner lamented that the Philippines did not even bother China when it had gone as far as installing a missile system and even building artificial islands in the WPS. “So, for me, China has no right to tell us not to repair that while they themselves have created these artificial islands,” he said. Brawner criticized China’s audacity to block the Philippines’ legitimate actions in its territorial waters in WPS. “Hindi naman tayo nakialam. Hindi naman natin sinabi, 'Don't do that.' Hindi naman natin sinabi, 'Don't bring missile systems into these artificial islands.' Sila ngayon kinalampag. Napakalaking imbalance (We did not interfere. We didn’t say ‘don’t do that’. We didn’t tell them ‘don't bring missile systems into these artificial islands’. Now they’re being shaken. A huge imbalance),” he said. The AFP chief believes that China is persistent in harassing and blocking the country’s rotation and resupply mission in the BRP Sierra Madre because it wants to insist their claims over Ayungin Shoal, which was invalidated by the Arbitral Tribunal ruling of the Hague-based Court on 12 July 2016. China has repeatedly ignored the ruling as it constantly insists that Ren’ai Jiao (Ayungin shoal) is part of China’s Nansha Qundao and is under China’s territory. The National Security Council spokesperson Jonathan Malaya has also noted that China “has no legal authority or basis” to enforce anything in Ayungin Shoal because it is constituted “well within” the Philippines’ 200-nautical mile exclusive economic zone and continental shelf under the United Nations Convention on the Law of the Sea or UNCLOS. The shoal is located 105.77 nautical miles from the nearest Philippine province of Palawan. The post Brawner: Phl has right to repair BRP Sierra Madre, China can’t tell us otherwise appeared first on Daily Tribune......»»
Manila says Chinese vessels ‘intentionally’ hit Philippine boats
Manila said Monday that Chinese vessels "intentionally hit" Philippine boats at the weekend, escalating a diplomatic row over two collisions in the South China Sea. The countries have traded blame over Sunday's incidents near Second Thomas Shoal in the Spratly Islands, with both sides filing diplomatic protests and releasing videos to support their accusations. The two collisions happened during a Philippine resupply mission to troops stationed on a navy vessel that was grounded on the shoal in 1999 to assert Manila's territorial claims. Philippine officials accused a Chinese coastguard ship and a "militia" vessel of "dangerous maneuvering" that resulted in collisions with a Philippine resupply boat and a Philippine Coast Guard vessel. Philippine Defense Secretary Gilbert Teodoro took it one step further Monday, labelling the Chinese actions near Second Thomas Shoal deliberate. "Chinese coast guard and maritime militia vessels, in blatant violation of international law, harassed and intentionally hit Unaiza May 2 and Philippine Coast Guard vessel BRP Cabra," Teodoro said. "We are here to really decry in the strongest possible terms this egregious violation and illegal act within the (Philippines') 200 nautical mile exclusive economic zone and the obfuscation of the truth by China's distorting the story to fit its own ends." His comments came hours after Philippine President Ferdinand Marcos met with security officials and ordered the coastguard to investigate the incident, which was "being taken seriously at the highest level of government", his communications team said. Chinese foreign ministry spokesman Mao Ning on Monday accused the Philippines of "continuing to spread false information and hype things up". Earlier Monday, the Philippine foreign ministry summoned China's ambassador to Manila and lodged a diplomatic protest over the incident. Spokeswoman Teresita Daza said the ambassador was unavailable and was represented by his deputy chief of mission. "Ayungin Shoal is part of our exclusive economic zone and continental shelf and we have sovereign rights and jurisdiction over it," Daza said, using the Philippine name for the shoal. The Chinese foreign ministry and embassy in Manila also issued "stern representations to the Philippines" over its "infringements" at Ren'ai Reef, Mao said, using China's name for Second Thomas Shoal. China has said a "slight collision" happened after the Philippine resupply boat ignored "multiple warnings and deliberately passed through law enforcement in an unprofessional and dangerous manner". In the other incident, China accused the Philippine Coast Guard of reversing in a "premeditated manner" into a Chinese fishing vessel. No Filipino crew member was injured, but the supply boat was damaged and forced to turn back, Philippine officials said. A second supply boat reached the tiny garrison on the grounded BRP Sierra Madre and unloaded its cargo. Manila's longtime ally Washington has led a chorus of international criticism of China's alleged interference in the resupply mission. The US State Department on Sunday reiterated its mutual defence pact with the Philippines "extends to armed attacks on Philippine armed forces, public vessels, and aircraft –- including those of its Coast Guard –- anywhere in the South China Sea". 'Arbitral ruling is binding' China claims almost the entire South China Sea, through which trillions of dollars in trade passes annually, and has ignored a 2016 international ruling that its assertion has no legal basis. Second Thomas Shoal is about 200 kilometers (124 miles) from the western Philippine island of Palawan, and more than 1,000 kilometers from China's nearest major landmass, Hainan island. Previously warm ties between Manila and Beijing have cooled since Marcos took power in June 2022, as he seeks stronger relations with the United States. The Marcos administration has publicly criticized Chinese actions in the South China Sea, publishing photos and videos to support its claims of Chinese harassment and the blocking of its vessels. Beijing has released its own images of the incidents. Despite the challenges, the Philippines would "continue to do what is necessary" to supply its troops on the BRP Sierra Madre with provisions, said Jonathan Malaya, assistant director general of the National Security Council. Manila and Beijing have a long history of maritime disputes in the South China Sea. Tensions flared in August when China Coast Guard vessels used water cannon against a Philippine resupply mission to Second Thomas Shoal, preventing one of the boats from delivering its cargo. The post Manila says Chinese vessels ‘intentionally’ hit Philippine boats appeared first on Daily Tribune......»»
Senators denounce China’s ‘abhorrent’ actions in WPS
Senators on Sunday condemned China for performing “dangerous blocking maneuvers” that resulted in a collision with the Unaiza May 2, an indigenous boat contracted by the Armed Forces of the Philippines for a resupply mission to the BRP Sierra Madre. In separate statements, Senate President Juan Miguel “Migz” Zubiri, Senators Risa Hontiveros, and Francis Tolentino expressed their anger over the collision that put the safety of the Filipino crew at risk. “I am one with peace-loving Filipinos in strongly condemning this latest abhorrent actions of the China Coast Guard and Chinese maritime militia that put in danger the lives of our brave countrymen who were on a routine resupply mission to our troops in Ayungin Shoal,” Zubiri said. “Let me salute our personnel from the Philippine Coast Guard (PCG) and the Armed Forces of the Philippines (AFP) for displaying courage and restraint in continuing their resupply missions despite the hostile and treacherous acts of China Coast Guard and their maritime militia,” he added. Zubiri called on CCG to “respect human lives and abide by the United Nations Convention on the Law of the Sea and other international laws governing safe maritime travel.” “Our freedom of navigation in our own exclusive economic zone within our own continental shelf should be recognized and upheld,” he stressed. The Senate chief also reiterated his support for his colleagues' efforts to beef up the PCG and AFP’s budget for the next fiscal year to “better capacitate them in safeguarding our exclusive economic zones from illegal foreign intrusions.” “As leader of the Senate, I will make sure that our troops will get sufficient funds under the 2024 national budget to bankroll the much-needed upgrade of their equipment,” he said. The National Task Force for the West Philippine Sea accused the CCG of performing "dangerous blocking maneuvers" that resulted in a collision with the Unaiza May 2, an indigenous boat contracted by the Armed Forces of the Philippines for a resupply mission to the BRP Sierra Madre. The NTF-WPS condemned the “provocative, irresponsible, and illegal action” of the China Coast Guard ship which “imperiled the safety” of the Unaiza May 2 crew. In the same resupply mission, a Chinese Maritime Militia vessel “bumped” the Philippine Coast Guard BRP Cabra’s port side which was escorting the Philippine vessels while it was lying approximately 6.4 nautical miles northeast of Ayungin Shoal. The NTF-WPS said it “condemns in the strongest degree the latest dangerous, irresponsible, and illegal actions of the CCG and the Chinese maritime militia done this morning.” ‘Enough’ Hontiveros echoed Zubiri’s call on China to “stop” its activities in the West Philippine Sea which she said clearly violates international law. “This latest collision is squarely the China Coast Guard’s fault,” she said in a separate statement. “The 2016 Arbitral Award has resolutely invalidated China’s claims in the West Philippine Sea, making this incident a clear violation of international law,” she added. Hontiveros said the PCG “has every right to be in the West Philippine Sea.” “China has no right to drive our forces into our own seas. Furthermore, they do not have the right to hurt and bump Philippine vessels that are only performing their jobs in our territories,” she stressed. “Chinese vessels have chased, blocked, and harassed our Philippine Coast Guard daily, 24/7 every single time we conduct our resupply mission to the BRP Sierra Madre,” she added. The opposition lawmaker also called on the international community to join the Philippines’ condemnation of China’s most recent violence against the Filipino people. “Our nations should not stop fighting for the rule of law. It is the only way to have a chance at true peace and stability across the region and the world,” she said. For his part, Tolentino said the recent confrontation between the Philippines and China clearly shows China’s continuous disregard for international law. He noted that the incident should be investigated by the International Convention for the Safety of Life at Sea and the Code for Investigation ng Marine Casualties and Incidents of the International Maritime Organization. Ayungin Shoal, also known as Second Thomas Shoal, is located 105 nautical miles west of Palawan and is part of the Philippines’ exclusive economic zone. China claims the vast South China Sea, including the West Philippine Sea. On 12 July 2016, the Philippines won its arbitral case against China in the Permanent Court of Arbitration – a landmark decision that China continues to reject. The post Senators denounce China’s ‘abhorrent’ actions in WPS appeared first on Daily Tribune......»»
Suit charges crypto firms with billion-dollar fraud
New York's attorney general on Thursday filed a lawsuit accusing cryptocurrency firms Gemini and Genesis with fraud that wound up costing investors more than a billion dollars. Gemini Trust Company, created by twin brothers Tyler and Cameron Winklevoss of early Facebook fame, misled investors about the risk of putting money into a program that involved loans that at one point were concentrated in Sam Bankman-Fried’s Alameda research trading firm, according to the suit. "Investors around the country lost more than a billion dollars because they were fed blatant lies that their money would be safe and grow if they invested it in Gemini Earn," New York attorney General Letitia James said in a release. Gemini offered people the chance to lend cryptocurrencies in exchange for high returns via a Gemini Earn program, according to the suit. Those loans included some to digital currency services platform Genesis, which in turn lent cryptocurrency to other players in the industry. But the bankrupcy of Bankman-Fried's Alameda Research and its FTX platform last year triggered panic in the market. Bankman-Fried is currently on trial in New York, facing fraud charges of his own. Unable to honor massive withdrawal requests, Genesis filed for bankruptcy in January. "Gemini hid the risks of investing with Genesis and Genesis lied to the public about its losses," James said. According to documents published at that time, Gemini loans to Genesis tallied some $765 million. Gemini was founded by the Winklevoss twins, who were made famous by the film "The Social Network" about the birth of Facebook. In a post at X, formerly known as Twitter, Gemini contended that the lawsuit confirms that the exchange and its users were "victims of a massive fraud and systematically lied to" by Genesis. "Blaming a victim for being defrauded and lied to makes no sense and we look forward to defending ourselves against this inconsistent position," Gemini said in the post. James accused Gemini of deceiving more than 230,000 investors. Her lawsuit also argues that former Genesis chief executive Soichiro Moro and Genesis parent company DCG with trying to conceal the massive losses. The litigation seeks to have Gemini, Genesis and DCG banned from New York's financial investment industry and pay restitution to investors who lost money. DCG defended itself in a post at X, saying it did nothing illegal. "I am shocked by the baseless allegations in the attorney general's complaint and intend to fight these claims in court," DCG founder and chief executive Barry Silbert said in the post. The post Suit charges crypto firms with billion-dollar fraud appeared first on Daily Tribune......»»
POC chief not buying PSC claims
Philippine Olympic Committee president Abraham Tolentino isn’t buying the Philippine Sports Commission’s claims that it had nothing to do with the “distractive” demand letter it received from the Commission on Audit during the Hangzhou Asian Games......»»
PhilHealth hospital payment on track
The Philippine Health Insurance Corporation on Monday expressed confidence that it would be able to settle its outstanding debts to hospitals amounting to P27 billion ahead of its self-imposed deadline in December. In a press briefing, PhilHealth president and chief executive officer Emmanuel Ledesma Jr. said that at least 76 percent of the P27 billion unpaid claims have been paid. “It’s been roughly 30 days since we made the announcement and already 76 percent have been paid,” Ledesma said. “Clearly, we are on track. We will probably be able to complete it ahead of time,” he added. Earlier this month, Ledesma made a commitment before lawmakers that the state-run health insurer would settle “a bulk or majority” of its P27 billion unpaid claims to various hospitals in the country within 90 days. He said it during the budget deliberation of the House Committee on Appropriations on the proposed P199 billion budget of the Department of Health for the upcoming fiscal year. According to the state-run health insurer’s top official, the Debit-Credit Payment Method would also be used to accelerate the payment for unpaid hospital claims. “It will make the reconciliation faster,” he said. Under the paying scheme, PhilHealth will only pay at least 80 percent of the total unpaid claims of the hospitals. The remaining unpaid claims will be settled after the completion of processing requirements. The post PhilHealth hospital payment on track appeared first on Daily Tribune......»»
PhilHealth ‘on track’ to pay P27-B outstanding debt to hospitals
The Philippine Health Insurance Corporation on Monday expressed confidence that it would be able to settle its outstanding debts to hospitals amounting to P27 billion ahead of its self-imposed deadline in December. In a press briefing, PhilHealth President and Chief Executive Officer Emmanuel Ledesma Jr. said that at least 76 percent of the P27 billion unpaid claims have been paid. “It’s been roughly 30 days since we made the announcement and already 76 percent have been paid,” Ledesma said. “Clearly, we are on track. We will probably be able to complete it ahead of time,” he added. Earlier this month, Ledesma made a commitment before lawmakers that the state-run health insurer would settle “a bulk or majority” of its P27 billion unpaid claims to various hospitals in the country within 90 days. He said it during the budget deliberation of the House Committee on Appropriations on the proposed P199 billion budget of the Department of Health for the upcoming fiscal year. According to the state-run health insurer's top official, the Debit-Credit Payment Method would also be used to accelerate the payment for unpaid hospital claims. “It will make the reconciliation faster,” he said. Under the paying scheme, PhilHealth will only pay at least 80 percent of the total unpaid claims of the hospitals. The remaining unpaid claims will be settled after the completion of processing requirements. The post PhilHealth ‘on track’ to pay P27-B outstanding debt to hospitals appeared first on Daily Tribune......»»
Herbosa no-show, but DOH 2024 budget hurdles Senate Finance panel
The Senate Committee on Finance on Thursday approved the proposed P311.3 billion budget of the Department of Health for the upcoming fiscal year without the attendance of Health Secretary Teodoro “Ted” Herbosa. Herbosa skipped the DOH’s budget deliberation, normally led by the agency’s head, days after he failed to secure the approval of the Commission on Appointment. During the budget deliberation, DOH senior officials led by Undersecretary Lilibeth David, former Officer-in-Charge Maria Rosario-Vergeire and Undersecretary Gloria Balboa presented the agency’s proposed budget. Senator Francis Tolentino specifically questioned Herbosa’s absence in the budget deliberation, fearing that the agency is now in an “auto-pilot mode”. Senator Pia Cayetano, who presided over the agency’s budget deliberation, quickly clarified that the DOH is not “headless”. “Actually, all of the senior members of the team approached me a while ago and they acknowledged that, of course, it is a bit of an awkward situation,” Cayetano said. “But as you all know, Usec Dr. Vergeire was the OIC for many years and was very actively exercising her leadership not just in the past year, but even during the time of President Duterte. Dr. Usec. David is the most senior undersecretary. So I’m quite confident in the presentation today that they can answer,” she added. Tolentino explained that he is asking for Herbosa’s presence because “budget presentations would require answers concerning accountability.” “And perhaps the head of the department should be the one doing that. Otherwise, it would be in an auto-pilot mode,” he said. For her part, Senator Loren Legarda also expressed confidence in the senior officials of the DOH. “Let me just say that I’m certain that our very competent Usecs. and Asecs. down the line would be able to communicate the policies of the Secretary who still has to be confirmed,” Legarda said. “I am very confident that they will be able to answer our questions. I do not think that they would divert from any policy of the Secretary or say anything that would be against his policies,” she added. Cyber-attack on PhilHealth Senators also touched on the recent cyber-attack on the Philippine Health Insurance Corporation or PhilHealth. Legarda quizzed PhilHealth officials about the effect of the cyber-attack on the state-run health insurer’s operation, as well as the steps being taken by the agency to prevent similar cases in the future. Responding to the lawmaker’s query, Atty. Eli Dino D. Santos, PhilHealth’s Executive Vice President and Chief Operating Officer, said the agency has yet to restore its online system. “All transactions are offline, and we've resume operations meaning membership, employer submission, and payment over the counter,” Santos said. “Our benefits availment continues. We have already informed our partner providers that while the system is turned off, they can still submit claims or prepare the submission of claims,” he added. “At present, to confirm the statement of our President, we are set to turn on our systems today, but we are still completing the preventive measures before we turn it on. We are targeting to turn on our PhilHealth website, member portal, as well as the e-claims.” Over the weekend, PhilHealth confirmed reports that there was an “information security incident” on its online system, which prompted them to turn it off as part of its “containment measures”. The Department of Information and Communications Technology previously stated that the agency’s system was attacked by Medusa ransomware. A multinational cyber security software company, Trend Micro, defines “ransomware” as a type of malware that prevents or limits users from accessing a system, either by locking the system’s screen or by locking the users’ files until a ransom is paid. The Medusa ransomware group was demanding $300,000 from PhilHealth in exchange for access to its system. The group threatened to leak the personal information of PhilHealth members if it did not pay the ransom. The state-run health insurer previously stated that it would not give in to the group’s demand. The post Herbosa no-show, but DOH 2024 budget hurdles Senate Finance panel appeared first on Daily Tribune......»»
DOH budget for 2024 hurdles Senate Finance panel without Herbosa
The Senate Committee on Finance on Thursday approved the proposed P311.3 billion budget of the Department of Health for the upcoming fiscal year without the attendance of Health Secretary Teodoro “Ted” Herbosa. Herbosa skipped the DOH’s budget deliberation, normally led by the agency’s head, days after he failed to secure the approval of the Commission on Appointment. During the budget deliberation, DOH senior officials led by Undersecretary Lilibeth David, former Officer-in-Charge Maria Rosario-Vergeire, and Undersecretary Gloria Balboa, presented the agency’s proposed budget. Senator Francis Tolentino specifically questioned Herbosa’s absence in the budget deliberation, fearing that the agency is now in an “auto-pilot mode”. Senator Pia Cayetano, who presided over the agency’s budget deliberation, quickly clarified that the DOH is not “headless”. “Actually, all of the senior members of the team approached me a while ago and they acknowledged that of course, it is a bit of an awkward situation,” Cayetano said. “But as you all know, Usec Dr. Vergeire was the OIC for many years and was very actively exercising her leadership not just in the past year, but even during the time of President Duterte. Dr. Usec. David is the most senior undersecretary. So I’m quite confident in the presentation today that they can answer,” she added. Tolentino explained that he is asking for Herbosa’s presence because “budget presentations would require answers concerning accountability.” “And perhaps the head of the department should be the one doing that. Otherwise, it would be in an auto-pilot mode,” he said. For her part, Senator Loren Legarda also expressed her confidence in the senior officials of the DOH. “Let me just say that I’m certain that our very competent Usecs. and Asecs. down the line would be able to communicate the policies of the secretary who still has to be confirmed,” Legarda said. “I don't think that the DoH body institution system comprised of career people who -- it may be a headless agency this is insofar other secretaries concerned -- but all the systems are covered by the Usecs. and Asecs,” she added. She continued: “I am very confident that they will be able to answer our questions. I do not think that they would divert from any policy of the secretary or say anything that would be against his policies.” Cyber-attack on PhilHealth Senators also touched on the recent cyber-attack on the Philippine Health Insurance Corporation or PhilHealth. Legarda quizzed PhilHealth officials about the effect of the cyber-attack on the state-run health insurer’s operation, as well as the steps being taken by the agency to prevent encountering a similar case in the future. Responding to the lawmaker’s query, Atty. Eli Dino D. Santos, PhilHealth’s Executive Vice President and Chief Operating Officer, said that the agency has yet to return its online system. “All systems now are all transactions are offline and we resume operations meaning membership, employer submission, and payment over the counter,” Santos said. “Our benefits availment continues. We have already informed our partner providers that while the system is turned off, they can still submit claims or prepare the submission of claims,” he added. He continued: “At present, to confirm the statement of our President, we are set to turn on our systems today, but we are still completing the preventive measures before we turn it on. We are targeting to turn on our PhilHealth website, member portal, as well as the e-claims.” Over the weekend, PhilHealth confirmed reports that there was an “information security incident” on its online system, which prompted them to turn it off as part of its “containment measures”. The Department of Information and Communications Technology previously stated that the agency’s system was attacked by Medusa ransomware. A multinational cyber security software company, Trend Micro defined “ransomware” as a type of malware that prevents or limits users from accessing their system, either by locking the system’s screen or by locking the users’ files until a ransom is paid. The Medusa ransomware group was demanding $300,000 from PhilHealth in exchange for access to its system. The group threatened to leak the personal information of PhilHealth members if it did not pay the ransom. The state-run health insurer previously stated that it would not give in to the group’s demand. The post DOH budget for 2024 hurdles Senate Finance panel without Herbosa appeared first on Daily Tribune......»»
Brawner denies 2 activists tortured
Armed Forces of the Philippines chief, General Romeo Brawner Jr., on Wednesday denied the allegations of torture by the two young activists who claimed they were abducted by soldiers in Bataan province. Brawner clarified that environmentalists Jonila Castro and Jhed Tamano have undergone the military’s standard operating procedure for the rebel returnees. “We applied everything that is stipulated in our SOP when someone surrenders. We let them undergo medical examination the very first hour that they were brought to our custody when they surrendered,” Brawner said during the Senate deliberation on the proposed 2024 national budget of the Department of National Defense and its attached agencies. Brawner stood firm that Castro and Tamano “voluntarily surrendered” to the Philippine Army’s 70th Infantry Battalion in Plaridel, Bulacan, after going missing on 2 September. “When they surrendered. The first hour, we called for a doctor to do a physical examination on them. That’s why their statements that they were tied up with their other allegations of torture — are not true,” he said. In a government-sponsored press conference last week, Tamano and Castro made a surprising statement that they were “coerced to surrender” and “threatened” by the military. Senator Ronald “Bato” dela Rosa said Brawner’s assertion about the surrendering of Tamano and Castro could be backed by the statement of Public Attorney’s Office chief Persida Rueda-Acosta. “Everything that they said was properly debunked by PAO chief Acosta. In that alone, their claims were already destroyed,” Dela Rosa said. Perjury raps Meanwhile, Defense Chief Gilberto Teodoro Jr. said the government is preparing perjury charges against the two activists after they recanted their earlier statements, which were put through a “handwritten affidavit.” “There is a case preparation now, multi-agency case preparation for the filing of perjury charges against them. The sworn statements of the witnesses are being reviewed,” Teodoro said. The post Brawner denies 2 activists tortured appeared first on Daily Tribune......»»
Brawner denies military torture vs activists Tamano, Castro
Armed Forces of the Philippines chief Romeo Brawner Jr. on Wednesday denied the allegations of torture by the two young activists who claimed they were abducted by the soldiers in Bataan province. Brawner clarified that environmentalists, Jonila Castro and Jhed Tamano, have undergone the military’s standard operating procedure for the rebel returnees. “We applied everything that nandoon po sa ating SOP kapag meron pong nagsu-surrender In fact, ang ginawa po natin pina-medical examination po natin the first hour na nadala po sa ating custody when they surrendered (We applied everything that is stipulated in our SOP when someone surrenders. In fact, what we did was we let them undergo medical examination the very first hour that they were brought to our custody when they surrendered),” Brawner said during the deliberation of the Senate Committee on Finance on the proposed 2024 national budget of the Department of National Defense and its attached agencies. Brawner stood firm that Castro and Tamano had “voluntarily surrendered” to the Philippine Army’s Philippine Army’s 70th Infantry Battalion in Plaridel, Bulacan after going missing for weeks. “When they surrendered. The first hour, we called for a doctor to do a physical examination on them. That’s why, their statements that they were tied up with their other allegations of torture—are not really true,” the AFP chief stressed. In a government-sponsored press conference last week, Tamano and Castro said they were “coerced to surrender” and “threatened” by the military. Senator Ronald “Bato” Dela Rosa said Brawner’s assertion about the surrendering of Tamano and Castro could be backed by the statement of Public Attorney's Office chief Persida Rueda-Acosta. “Everything that they said was properly debunked by PAO chief Acosta. Wala talaga, sirang-sira sila doon (In that alone, their claims were already destroyed),” said Dela Rosa. Meanwhile, Defense Chief Gilberto Teodoro Jr. noted that the government is preparing perjury charges against the two activists after they recanted their earlier statements which were put through a “handwritten affidavit.” "There is a case preparation now, multi-agency case preparation for the filing of perjury charges against them. The sworn statements of the witnesses are being reviewed,” said Teodoro. The post Brawner denies military torture vs activists Tamano, Castro appeared first on Daily Tribune......»»