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Porac mayor faces plunder charge
A resident of Porac has filed a plunder charge and other administrative cases against Porac Mayor Jaime “Jing” Capil over the town’s alleged unexplained supplemental budget expenditures of P138.5 million from 2019 to 2020 and his unexplained wealth......»»
MONEY HEIST: Smoke and mirrors in the 2021 proposed national budget
Opposition legislators were quick to spot this brazen attempt to revive the pork barrel system, as the NTF-ELCAC is set to receive a 2,969 percent increase in its budget – from P622.3 million in 2020 to a whopping P19.1 billion in 2021. The post MONEY HEIST: Smoke and mirrors in the 2021 proposed national budget appeared first on Bulatlat......»»
Palace denies lump sum items in 2020 budget
There are no lump sum items in the proposed 2021 budget, Malacañang said yesterday, as it assured the public that the administration had complied with the court ruling that struck down “pork barrel” as unconstitutional......»»
SC upholds decision granting Napoles bail in one PDAF case
Pork barrel scam mastermind Janet Lim-Napoles and former Masbate Rep. Rizalina Seachon-Lanete have been allowed to post bail after the Supreme Court dismissed a case related to the Priority Development Assistance Fund......»»
Abra Mining investors turning up the heat on SEC and PSE to resolve unlisted shares issue
Shareholders of Abra Mining, together with stockbroker Victor Dominquez, are seeking a Congressional inquiry into “the alleged failure of the SEC and PSE to formalize charges against the executives of Abra Mining...” for their role AR’s sale of shares which were unlisted and unregistered during the “basura” (garbage) stock frenzy that heated up in late 2020 and overboiled in early 2021......»»
Owner of loose ostriches indicted
The owner of two ostriches that ran loose in a private subdivision in Quezon City at the height of the COVID pandemic in 2020, one of which later died due to alleged extreme stress, was indicted and is set to undergo trial......»»
That extra step: How TV Patrol verified Rep. Paolo Duterte s questionable PHP51-billion infrastructure budget
CHEERS TO ABS-CBN's TV Patrol for its report that confirmed that Davao City 1st District Representative Paolo Duterte received a total of PHP51 billion for infrastructure projects from 2020 to 2022, when his father, former president Rodrigo Duterte, was still in o.....»»
DavNor vice guv denies involvement in ayuda scam
The Vice Governor of Davao del Norte has denied any involvement in the alleged ayuda scam following claims made during a Senate hearing chaired by Senator Ronald Bato Dela Rosa. The hearing revealed that public officials in Davao de Oro and Davao del Norte were linked to illegally using cash assistance from the Department of Social Welfare and Development (DSWD) and funds from the Department of Labor and Employment (DOLE) for political campaigns. Vice Governor De Carlo Oyo Uy refuted the allegations, stating that there is no truth to the claims. In response, Governor Edwin Kuya Gov Jubahib emphasized that he was protecting the welfare of his constituents and the country's budget. He called for the punishment of those involved. The governor had previously requested an investigation into the ayuda scam after individuals in the provinces received less than the intended assistance. The vice governor announced plans for a separate investigation to clear his name and clarified that the DSWD is solely responsible for the identification, assessment, validation, and distribution of cash assistance to beneficiaries......»»
Jinggoy sees no political color in Sandiganbayan ruling
Sen. Jinggoy Estrada does not see any political color in the Sandiganbayan Fifth Division’s ruling that found him guilty of one count of direct bribery and two counts of indirect bribery over his alleged involvement in the pork barrel scam......»»
Jinggoy convicted of bribery, cleared of ‘pork’ plunder
The Sandiganbayan Fifth Division has found Sen. Jinggoy Estrada guilty of one count of direct bribery and two counts of indirect bribery over his alleged involvement in the pork barrel scam – placing him in a position where he may eventually be booted out of office, pay fines and be imprisoned......»»
Ex-Iloilo lawmaker acquitted of ‘pork’ rap
The Sandiganbayan has acquitted former Iloilo 5th District representative Rolex Suplico of a graft case in connection with the alleged misuse of his Priority Development Assistance Fund (PDAF) or pork barrel amounting P14.7 million in 2007......»»
Supreme Court affirms Ombudsman ruling vs Napoles, ex-DBM execs
The Supreme Court has upheld the ruling of the Office of the Ombudsman finding probable cause to indict businesswoman Janet Lim-Napoles and her co-accused for graft in connection with the alleged misuse of the Priority Development Assistance Fund (PDAF) or pork barrel of former Davao del Sur representative Douglas Cagas......»»
Ex-La Union lawmaker cleared of ‘pork’ raps
Former La Union second district representative Thomas Dumpit Jr. has been cleared of graft and malversation charges filed against him in connection with the alleged misuse of his Priority Development Assistance Fund or pork barrel in 2008 amounting to P5.85 million......»»
Stock markets dip as US inflation comes into view
Stock markets drifted lower on Monday as investors eyed the release this week of key US inflation data that could guide Federal Reserve plans for interest rates going into the new year. Oil prices fell nearly two percent before bouncing higher and then sliding back lower as dealers awaited a delayed meeting of OPEC and its allies to decide over output levels. With Wall Street seeing little action at the back of last week owing to the Thanksgiving break, traders had few catalysts to drive action, though analysts were upbeat about the end of the year. "Although there isn't much buying interest at the moment, it's more notable that there still isn't much selling interest," said Briefing.com analyst Patrick O'Hare. The retreat in equities comes after a recent run-up across world stock markets fuelled by bets the US central bank has finished lifting interest rates as inflation comes down and the jobs market comes off the boil. Expectations that the Federal Reserve is done with hiking rates continued to weigh on the dollar Monday. The main focus this week is the release Thursday of the personal consumption expenditures (PCE) price index, the Fed's preferred gauge of inflation. "These numbers will be closely scrutinized for insights into inflation trends and their potential implications for monetary policy decisions," said SPI Asset Management's Stephen Innes. "While the current backdrop does not signify 'mission accomplished' in terms of addressing inflation, policymakers must now focus on planning for the next phase of the economic battle." Still, observers were upbeat about the outlook, with the latest weakness blamed on traders taking a breather after a strong month. Tony Sycamore, at IG Group, said early December could see some selling as investors "rebuild energy and (look) to set up for the end-of-year fireworks". Others said a drop in Wall Street's VIX "fear gauge" -- a measure of equity volatility -- to its lowest since January 2020 suggested investors were getting their mojo back. Eyes are also on developments at OPEC after the group and its allies, notably Russia, delayed a meeting aimed at agreeing production quotas, with some African countries said to be baulking at Saudi Arabian calls for more cuts. The group is thought to be close to reaching an agreement that could see the Saudis and Russia extend output reductions into the new year. OANDA analyst Craig Erlam said the OPEC+ group has shown in the past it usually can get a deal done, even if Saudi Arabia and Russia need shoulder bigger cuts. "But the question is how far they'll push it, given the recent trend in oil prices and increasing concerns around global growth next year," said Erlam. Crude prices have fallen in recent weeks as demand is seen coming down owing to slowing economies, particularly China's, and the Middle East conflict appears to not have expanded to include other countries in the region. Key figures around 1630 GMT New York - DOW: DOWN 0.2 percent at 35,338.58 points London - FTSE 100: DOWN 0.4 percent at 7,460.70 (close) Paris - CAC 40: DOWN 0.4 percent at 7,265.49 (close) Frankfurt - DAX: DOWN 0.4 percent at 15,966.37 (close) EURO STOXX 50: DOWN 0.4 percent at 4,354.41 (close) Tokyo - Nikkei 225: DOWN 0.5 percent at 33,447.67 (close) Hong Kong - Hang Seng Index: DOWN 0.2 percent at 17,525.06 (close) Shanghai - Composite: DOWN 0.3 percent at 3,031.70 (close) Euro/dollar: UP at $1.0935 from $1.0922 Pound/dollar: UP at $1.2611 from $1.2585 Euro/pound: DOWN at 86.70 pence from 86.79 pence Dollar/yen: DOWN at 148.94 from 149.56 yen West Texas Intermediate: DOWN 0.1 percent at $75.44 per barrel Brent North Sea crude: DOWN 0.3 percent at $80.36 per barrel .....»»
Napoles seeks dismissal of plunder raps
Detained businesswoman Janet Lim-Napoles has asked the Sandiganbayan to dismiss the plunder case against her in connection with her alleged role in the misuse of the Priority Development Assistance Fund or “pork barrel” of former senator and incumbent Presidential Legal Counsel Juan Ponce Enrile......»»
Napoles gets over 100 years for another ‘pork’ conviction
Businesswoman Janet Lim-Napoles was sentenced to 78 up to 150 years in prison as she was convicted anew of multiple criminal charges, this time in connection with the alleged misuse of P35 million worth of Priority Development Assistance Fund or pork barrel of former Ilocos Sur 1st District representative Salacnib Baterina......»»
Error-prone AI chatbot dog leads Japan’s elderly astray
A cartoon canine AI chatbot designed to cheer up and inform lonely older residents of western Japan is in the doghouse after providing error-laden responses. Powered by generative artificial intelligence, "Dai-chan" was this year launched by Osaka authorities who called it the first of its kind in a country where one in 10 people is age 80 or older. But the chatbot, which features a Shiba Inu cartoon dog and answers in the Osaka dialect, has shown itself far from faithful to the truth. When a user asked about the World Expo planned in Osaka in 2025, the dog incorrectly responded that the event was cancelled. That answer gained public attention, with Japanese newspapers and broadcasters reporting on the dog who got the wrong end of the stick. "Dai-chan, you're good," one social media user joked. Despite slow progress and budget challenges, the world fair is still scheduled to go ahead. Among other incorrect answers, Dai-chan said the "G7 foreign ministers' meeting will be held on November 4" rather than the slated November 7-8. Asked by an AFP reporter if the mooted Sapporo Olympic Games will be pushed back, the bot dog said: "The Sapporo Olympics is postponed! It's not cancelled so I look forward to it!" Earlier this month, the Japanese Olympic Committee said Sapporo had given up its bid for the 2030 Winter Olympics as public support for hosting the games waned after a string of corruption scandals over the 2020 Tokyo Games. Asked about the decision, Dai-chan responded: "The Olympic Committee decided to postpone! It is a decision considering safety! Good job, the Olympic Committee!" The government has defended the chatbot. Its purpose "is to broaden communication base for elderly people and not to give correct answer every time, and users seem to be enjoying Dai-chan with an understanding of the limits of what generative AI can do," an Osaka official in charge of the project told AFP. "Dai-chan is designed as a talking dog that is 10 years old (in terms of human intelligence) tasked with preventing elderly residents from becoming isolated," Osaka governor Hirofumi Yoshimura told Japanese media. Asked by AFP for his reaction, Dai-chan said: "Yes, yes, I often make mistakes, but it's a bit hard that people report about it. But making mistakes is part of growth, isn't it?" The post Error-prone AI chatbot dog leads Japan’s elderly astray appeared first on Daily Tribune......»»
Republicans pick ‘novice’ as 4th speaker nominee
Republicans have named a fourth candidate for speaker of the United States House of Representatives and hope to end two weeks of party division and a leaderless lower chamber. Louisiana’s Mike Johnson won an internal party vote just hours after previous nominee, Majority Whip Tom Emmer, buckled under a backlash led by former President Donald Trump and announced his withdrawal. Johnson — the vice chairman of the conference but a relative novice in politics — lost out to Emmer earlier in the day but quickly threw his hat back in the ring after his leadership colleague bowed out. Only 128 of Johnson’s colleagues voted for him in the final round of balloting, according to US media — with 29 preferring his rival, Florida lawmaker Byron Donalds, and another 44 casting their votes for someone else entirely. Like Johnson, Emmer had baselessly sown doubt over the validity of Biden’s 2020 election win over Trump, but supporters of the former president were angered by the majority whip voting to certify the result. Trump took to his Truth social website to brand Emmer a “globalist RINO” — short for “Republican in name only.” If Johnson were to succeed where his colleagues have failed, he would be the least experienced speaker in more than a century, having never chaired a committee or held a top leadership role. Moving up to the House from state-level politics only in 2017, Johnson could find himself presiding over a government shutdown in three weeks unless he can cut a 2024 budget deal with much more seasoned negotiators in the White House that is acceptable to his party. He would also be expected to lead the deeply fractured conference through upcoming fights over funding for Ukraine and Israel in their conflicts with Russia and Hamas. Tuesday’s disarray marked two weeks since the party’s first nominee to replace Kevin McCarthy, House Majority Leader Steve Scalise, withdrew as it became clear he was nowhere near the 217 votes needed to be elected. Hard-line Trump ally Jim Jordan, the next nominee, flopped three times on the House floor as successively larger tallies of Republican opponents joined the Democrats to reject him. The post Republicans pick ‘novice’ as 4th speaker nominee appeared first on Daily Tribune......»»
Fuel subsidy easing eyed
An immediate release of government assistance to public utility vehicles will be achieved by shortening the trigger period from three months to one and simplifying the requirements, the Department of Energy said yesterday. The proposal, nonetheless, may need the amendment of the law for releasing fuel subsidies to the transport sector. In a press briefing, Energy Secretary Raphael Lotilla said this was one of President Ferdinand “Bongbong” Marcos Jr.’s proposed solutions to the oil price shock that is expected to worsen amid the spreading Middle East conflict. $80 per barrel long breached Under the current law, fuel subsidies are released to the transport sector whenever the Dubai crude oil price exceeds $80 per barrel for three consecutive months. Lotilla said shortening the trigger period will allow the government to release the subsidies faster to the transport sector, one of the sectors most affected by rising fuel prices. “With this simplification or shortening of the period, we will be able to release the subsidies in a shorter period,” Lotilla said. “Since Congress is now considering the General Appropriations Act, it will be included in that process. The amendment will take effect in 2024 immediately upon Congress’s approval of the GAA,” he added. The DoE chief also said the government will simplify the requirements for the release of the fuel subsidies. The release of the subsidies requires the approval of the DoE, the Department of Transportation, and the Department of Budget and Management. Lotilla said that under the new proposal, the release of the subsidies will only require the approval of the DBM, DoTr and the DoE. He said the DoTr will finalize the list of beneficiaries for those with franchises, the Department of the Interior and Local Government for tricycle drivers, and the Department of Trade and Industry for delivery service drivers. Even though there’s an effort to expedite assistance, Lotilla said the fuel subsidy in the 2024 national budget was decreased to P2.5 billion from P3 billion this year. The energy chief, however, believes that even with the reduced budget, the required funding will be met. “That’s based on the experience of the previous year. We don’t know what will be the final amount,” the official said. Other measures on table Lotilla added the government will implement a voluntary 20-percent ethanol blend for gasoline, which is targeted for approval by the end of 2023. He said the ethanol blend will help mitigate the rising fuel prices, as ethanol is cheaper than gasoline. Lotilla said the President also instructed him to continue the transport sector’s electrification, particularly for mass transport and light cargo vehicles. He said the government will put in place charging stations and ensure that the benefits to the transport sector, particularly the drivers, will be there. Lotilla said the President also emphasized the need to prepare the economy for the eventual manufacture of electric vehicles and to link this with the local mining sector that will produce the minerals needed to manufacture batteries and other components of electric vehicles. Rules out soon The DoE is also releasing the guidelines for the implementation of the long-delayed higher biofuels blend before the year ends. Lotilla said the current 10-percent ethanol blend, also known as E10, in gasoline would be increased to 20 percent or E20, although it would be a voluntary option for motorists. Lotilla added that the current two percent or B2 coco methyl ester or CME blend on diesel will be adjusted to three percent or B3. Based on the DoE calculation, implementing the E20 blend could slash gasoline prices by around P1.28 to P1.50 per liter. While ethanol is generally cheaper than gasoline, Lotilla noted that local ethanol at P79.49 a liter is still more expensive than the imported supply at P41.84 per liter. Lotilla said DoE will bank on the coconut industry, whose production reaches up to 15 billion nuts annually, to complement the B3 shift. “An additional 1 percent blend only needs 2.6 billion nuts. The increase in the blend can also drive down the cost of CME because there will be a bigger market for it. Right now, we expect pure diesel to be at parity with the per liter price of CME,” Lotilla explained. With Maria Romero The post Fuel subsidy easing eyed appeared first on Daily Tribune......»»
Govt to shorten trigger period for fuel subsidies
The government will shorten the trigger period for releasing fuel subsidies to the transport sector from three months to one month, and simplify the requirements for its release, the Department of Energy said on Tuesday. In a Malacañang Press Briefing, Energy Secretary Raphael Lotilla said this was one of President Ferdinand Marcos Jr.'s decisions during the latest sectoral meeting. Under the current law, fuel subsidies are released to the transport sector whenever the Dubai crude oil price exceeds $80 per barrel for three consecutive months. Lotilla said the shortening of the trigger period will allow the government to release the subsidies faster to the transport sector, which is one of the sectors most affected by the rising fuel prices. "With this simplification or shortening of the period, we will be able to release the subsidies in a shorter period of time," Lotilla said. "Since Congress is right now considering the General Appropriations Act, it will be included in that process. The amendment will take effect in 2024 immediately upon Congress's approval of the GAA," he added. The DOE chief also said the government will simplify the requirements for the release of the fuel subsidies. The release of the subsidies requires the approval of the DOE, the Department of Transportation, and the Department of Budget and Management. Lotilla said that under the new proposal, the release of the subsidies will only require the approval of the DBM, the DOTr, and the DOE. He said the DOTr will finalize the list of beneficiaries of the fuel subsidies for those with franchises, the Department of Interior and Local Government for tricycle drivers, and the Department of Trade and Industry for delivery service drivers. Even though there's an effort to expedite assistance distribution, Lotilla mentioned that the fuel subsidy allocation in the 2024 national budget was decreased from P3 billion this year to P2.5 billion. However, he believes that the reduced budget will still be adequate to meet the required funding. "That’s based on the experience on the previous year. We don't know what will be the final amount,” the official said. Other measures Lotilla also said that the government will implement a voluntary 20 percent ethanol blend for gasoline, which is targeted for approval by the end of 2023. He said the ethanol blend will help mitigate the rising fuel prices, as ethanol is cheaper than gasoline. Lotilla said the President also instructed to continue the transport sector's electrification, particularly mass transport and light cargo vehicles. He said the government will put in place charging stations and ensure that the benefits to the transport sector, particularly the drivers, will be there. Lotilla said the President also emphasized the need to prepare the economy for the eventual manufacture of electric vehicles in the country, and linking this up with the local mining sector that will produce the minerals needed to produce batteries and other components of electric vehicles......»»