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Natural resources not collateral for Philippine loans, says Beijing

MANILA, Philippines — The Chinese government has denied a report that it would require the Philippines to use its natural resources as collateral for the loa.....»»

Category: newsSource: philstar philstarMar 11th, 2018

Natural resources not collateral for Philippine loans, says Beijing

MANILA, Philippines — The Chinese government has denied a report that it would require the Philippines to use its natural resources as collateral for the loa.....»»

Category: newsSource:  philstarRelated NewsMar 11th, 2018

BEWARE THE DEBT TRAP | PH patrimony can’t be collateral for China loans – lawmakers

Lawmakers said the Philippine government should reject the alleged use of the country’s natural resources as collateral for loans from China, citing the bad experience of countries from South America and Africa......»»

Category: newsSource:  interaksyonRelated NewsMar 7th, 2018

Dominguez disputes tied loans from China

The Department of Finance (DOF) last Sunday refuted claims that loans obtained from China are a trap, requiring, for instance, a collateral in the form of natural resources. Finance Secretary Carlo.....»»

Category: newsSource:  philippinetimesRelated NewsMay 14th, 2018

DOF denies China asking for Philippines natural resources as loan collateral

Loans and other financing support granted by the Chinese government to the country do not involve any of the Philippines’ natural resources as collateral, the Department of Finance (DOF) said......»»

Category: financeSource:  philstarRelated NewsMay 14th, 2018

DOF denies China asking for Philippines natural resources as loan collateral - Philippine Star

DOF denies China asking for Philippines natural resources as loan collateral - Philippine Star.....»»

Category: newsSource:  googlenewsRelated NewsMay 13th, 2018

China denies seeking PH resources as collateral

MANILA, Philippines – China's foreign ministry denied that the country has asked for natural resources as collateral in its loans to the Philippines. In a press conference on Friday, March 9, Chinese Foreign Ministry spokesperson Geng Shuang responded to a Chinese scholar's take on these loans. Zhuang Guotu of the Center for ........»»

Category: newsSource:  rapplerRelated NewsMar 11th, 2018

China says natural resources not collateral for PH loans

MANILA, Philippines – China's foreign ministry denied that the country has asked for natural resources as collateral in its loans to the Philippines. In a press conference on Friday, March 9, Chinese Foreign Ministry spokesperson Geng Shuang responded to a Chinese scholar's take on these loans. Zhuang Guotu of the Center for ........»»

Category: newsSource:  rapplerRelated NewsMar 10th, 2018

Solon cautions gov’t on loans from China

MAGDALO Rep. Gary Alejano has questioned the government’s decision to enter a loan agreement with China using the country’s natural resources as collateral. Alejano called for transparency on this loan to determine if it will be beneficial or detrimental to the people who will be the one paying for the….....»»

Category: newsSource:  journalRelated NewsMar 9th, 2018

ISIS militants, hostages escape Marawi mosque

MARAWI CITY – Dozens of local ISIS militants and their hostages managed to escape undetected from a mosque they used to attack security forces in the besieged city of Marawi.  The daring escape was only discovered after troops managed to advance and eventually recaptured the mosque from militants on Thursday hours before President Rodrigo Duterte’s visit to Marawi. The military trumpeted the “liberation” of the mosque, but it did not say how ISIS fighters and their captives managed to escape from thousands of troops who surrounded Marawi, and spy planes and drones monitoring the siege since May 23.  The fate of the hostages, including a Catholic priest and church workers, remains unknown.  Duterte, wearing a Kevlar helmet and a bullet-proof vest, inspected troops in the battlefront and spoke to them. “The President also congratulated the troops for defending Marawi from terror elements and for successfully retaking the Islamic Center yesterday, a structure that was maintained as the Daesh-inspired terrorist group's command and control for the longest time before it was retaken,” said Army Captain Jo-ann Petinglay, a spokeswoman for the Western Mindanao Command.  It was his 3rd visit to Marawi since the fighting began when militants occupied the city in an effort to put up an Islamic province in the restive region. Security officials also briefed Duterte on the progress of the military operations against the militants.  In his talk with the soldiers, Duterte assured his full support to the military and police forces fighting ISIS. “I would like to reiterate this, I will never abandon you as long as you are doing the right thing. This would include fighting against the terrorists groups, the drug lords or the common criminals as long as you are doing your sworn duty to enforce the law and protect the republic. Let me emphasize however that you must do your job in accordance with the law,” he said.  Duterte was accompanied by National Security Adviser Hermogenes Esperon, Defense Undersecretary Cesar Yano, Armed Forces Chief of Staff General Eduardo Ano and Army Chief Lieutenant General Glorioso Miranda.  Oust Duterte  His visit to the battlefield came days after disgruntled soldiers and policemen who are members of a shadowy group called Patriotic and Democratic Movement or PADEM called for the ouster of Duterte. They accused Duterte of treating the military and police as his private armies and for betraying and violating public trust and cited 10 reasons to call for his ouster. The group also urged Filipinos to join PADEM in condemning and fighting Duterte and his administration and to stage mass actions and demand the President’s ouster. In a manifesto, Antonio Bonifacio, who claimed to be PADEM’s spokesman, called on members of the military and police to also join the people in demanding Duterte’s resignation and also his administration. It said the group is working for the withdrawal military and police support for Duterte.  “We urge all Filipinos as individuals and as groups in whatever social sector, field, institution or organization to exercise their right of assembly and expression to undertake mass actions demanding the ouster of Duterte and his administration. We call on our fellow officers and members of the AFP and the PNP to join the people in demanding the resignation or ouster of Duterte and his administration.” “We pledge to work for the withdrawal of military and police support for Duterte and his administration in conjunction with mass mobilization of the Filipino people in millions to manifest their demand for the resignation or ouster of Duterte and his administration. Upon the change of administration, we pledge to follow the principle of civilian supremacy and support a new civilian administration, in accordance with the 1987 Constitution and the rule of law,” the manifesto, released by Bonifacio – believed to be a nom de guerre – said. PADEM also condemned and holds accountable for gross crimes in betrayal of public trust and in violation of national sovereignty and democratic rights of the Filipino people. It cited the following reasons as alleged crimes of Duterte:   Treating the AFP and the PNP as these were his private armies and practising favoritism and violating professional and service standards in the promotion and assignment of officers; Corrupting the PNP and the AFP with a system of monetary awards for the extrajudicial killing of alleged illegal drug users and of NPA suspects; Condoning and protecting top-level illegal drug lords; Emboldening/inciting police officers to engage in extrajudicial killings of poor suspected illegal drug users and pushers by publicly telling officers to plant evidence and by guaranteeing their pardon and promotion in case of conviction; Aggravating corruption in government and criminality through the collusion of Duterte trustees and crime syndicates; Allowing China to occupy maritime features in the West Philippine Sea and to violate Philippine sovereign rights upheld by decision of the Arbitral Tribunal in accordance with the UN Convention on the Law of the Sea; Bungling the operations in Marawi City and indiscriminately destroying lives and property through aerial bombings, artillery and mortar; Favoring certain Chinese businessmen and Duterte relatives and cronies in the award of projected infrastructure projects using loans from China; Betraying the sovereign rights of the Filipino people by making the Philippines a debt vassal of China and offering to China the oil and gas resources under the West Philippine Sea as collateral for Chinese loans; and Seeking to replace the partnership with the United States in matters [&'].....»»

Category: newsSource:  mindanaoexaminerRelated NewsAug 25th, 2017

Shadowy group calls for Duterte’s ouster

MANILA – A shadowy group called Patriotic and Democratic Movement or PADEM, composed of disgruntled military and police officers and members, has called for the ouster of President Rodrigo Duterte and cited 10 reasons for its action. It accused Duterte of treating the military and police as his private armies and for betraying and violating public trust. It also urged Filipinos to join PADEM in condemning and fighting Duterte and his administration and to stage mass actions and demand the President’s ouster. In a manifesto, Antonio Bonifacio, who claimed to be PADEM’s spokesman, called on members of the military and police to also join the people in demanding Duterte’s resignation and also his administration. It said the group is working for the withdrawal military and police support for Duterte.  “We urge all Filipinos as individuals and as groups in whatever social sector, field, institution or organization to exercise their right of assembly and expression to undertake mass actions demanding the ouster of Duterte and his administration. We call on our fellow officers and members of the AFP and the PNP to join the people in demanding the resignation or ouster of Duterte and his administration.” “We pledge to work for the withdrawal of military and police support for Duterte and his administration in conjunction with mass mobilization of the Filipino people in millions to manifest their demand for the resignation or ouster of Duterte and his administration. Upon the change of administration, we pledge to follow the principle of civilian supremacy and support a new civilian administration, in accordance with the 1987 Constitution and the rule of law,” the manifesto, released by Bonifacio &'' believed to be a nom de guerre – said. PADEM also condemned and holds accountable for gross crimes in betrayal of public trust and in violation of national sovereignty and democratic rights of the Filipino people. It cited the following reasons as alleged crimes of Duterte:   Treating the AFP and the PNP as these were his private armies and practising favoritism and violating professional and service standards in the promotion and assignment of officers; Corrupting the PNP and the AFP with a system of monetary awards for the extrajudicial killing of alleged illegal drug users and of NPA suspects; Condoning and protecting top-level illegal drug lords; Emboldening/inciting police officers to engage in extrajudicial killings of poor suspected illegal drug users and pushers by publicly telling officers to plant evidence and by guaranteeing their pardon and promotion in case of conviction; Aggravating corruption in government and criminality through the collusion of Duterte trustees and crime syndicates; Allowing China to occupy maritime features in the West Philippine Sea and to violate Philippine sovereign rights upheld by decision of the Arbitral Tribunal in accordance with the UN Convention on the Law of the Sea; Bungling the operations in Marawi City and indiscriminately destroying lives and property through aerial bombings, artillery and mortar; Favoring certain Chinese businessmen and Duterte relatives and cronies in the award of projected infrastructure projects using loans from China; Betraying the sovereign rights of the Filipino people by making the Philippines a debt vassal of China and offering to China the oil and gas resources under the West Philippine Sea as collateral for Chinese loans; and Seeking to replace the partnership with the United States in matters of national security with an even more lopsided relationship with China and Russia.  Television network GMA reported that the military has reiterated its support for the administration of Duterte and strongly denied PADEM’s allegations. Military spokesman Brigadier General Restituto Padilla said the entire Armed Forces of the Philippines, along with all the men and women of the uniformed services and all their civilian personnel, stand by the government and support Duterte, their commander-in-chief. Padilla said the accusations and issues cited by the group are unfounded and uncalled for. “Such issues are clearly politically motivated and a matter that the AFP does not and will not subscribe to,” GMA quoted him as saying, adding, they are the constitutionally mandated protectors of the people and will stand by law-abiding citizens whenever and wherever they are needed. “Having affirmed this, the AFP, however, will not hesitate in acting against forces who shall undermine the stability and security of our country and those who wish to destabilize our nation thru unconstitutional means,” he said. Communist rebels had previously said that the Central Intelligence Agency is plotting to oust Duterte alongside the plan to assassinate Jose Maria Sison, founder of the Communist Party of the Philippines. Sison, in a statement he issued in May, said those who continue to support him assert that performance in a year is not enough basis for a final judgment and that there is more than enough time ahead for him to accomplish promises that have most impressed them, such as the eradication of the drug problem, criminality, and corruption. He said Duterte has, in fact, pleaded that he needs three or four more years to bring about the significant changes that he previously thought would be done in six months’ time. His promised campaign against the pork barrel and other forms of corruption of the Aquino regime has not yet materialized. “Where he has been most successful at, projecting himself as a strong leader by calling on the police and the public to kill drug addict-pushers, he has attracted the most severe and sustained condemnation by institutions, the [&'].....»»

Category: newsSource:  mindanaoexaminerRelated NewsAug 23rd, 2017

Cimatu Cites PH Coast, Marine Protection Effort in Int’l Forum

Environment Secretary Roy Cimatu on Tuesday underscored the need for strengthened measures in the preservation of coastal and marine ecosystems to “ensure food security and improve poverty reduction”. “The Philippine government has recognized the critical role of the environment and natural resources, particularly of our coasts and oceans, in the sustainable development of the country. […].....»»

Category: newsSource:  metrocebuRelated NewsDec 1st, 2018

Carpio sees Philippine sovereignty safeguards in MOU with China

There is nothing wrong with the government’s pursuit of joint exploration of natural resources with China in the West Philippine Sea, acting Chief Justice Antonio Carpio said yesterday......»»

Category: newsSource:  philstarRelated NewsNov 25th, 2018

DENR open to amendments to Minahang Bayan program

THE DEPARTMENT of Environment and Natural Resources (DENR) said it is open to amendments on the Minahang Bayan program, as proposed by the Philippine Mine Safety and Environment Association (PMSEA)......»»

Category: financeSource:  bworldonlineRelated NewsNov 25th, 2018

Farm sector gets policy boost from BSP, stakeholders

The agriculture sector only has access to a small fraction of the Philippine banking system resources despite accounting for almost a tenth of the local economy and employing a tenth of the Filipino population, the central bank said on Friday. Given this, the Bangko Sentral ng Pilipinas wants financial institutions and agricultural firms to explore new ways of making bank loans more readily available to farmers who are presently constrained from ramping up production due to funding constraints. "The percentage of loans for production and economic activity for agriculture, along with fisheries and forestry, is a paltry 2.9 percent, while the credit gap currently sits at P367 billion...Keep on reading: Farm sector gets policy boost from BSP, stakeholders.....»»

Category: newsSource:  inquirerRelated NewsNov 23rd, 2018

Duterte: China ‘already in possession’ of S. China Sea; wants no military drill there 

      SINGAPORE -- President Rodrigo Duterte admitted Thursday that China is already in "possession" of the disputed South China Sea and warned that any military exercises would create "friction" and provoke the Asian superpower. Beijing has a sweeping claims in the South China Sea, including parts of the natural resources-rich West Philippines Sea. In an ambush interview before attending the Asean-India Informal Breakfast Summit here, Duterte was asked if he is in favor of holding military drills in the South China Sea. "No," Duterte told reporters. He admitted that China was "already in possession" of the South China Sea and any military drill in...Keep on reading: Duterte: China ‘already in possession’ of S. China Sea; wants no military drill there .....»»

Category: newsSource:  inquirerRelated NewsNov 15th, 2018

DENR to charge 5 steel mills for pollution

THE DEPARTMENT of Environment and Natural Resources (DENR) will file a case against five steel mills accused of emitting high air pollution levels that pose serious hazards to public health and the environment, the Philippine Iron and Steel Institute (PISI) said yesterday......»»

Category: financeSource:  bworldonlineRelated NewsOct 29th, 2018

First Philippine mussel congress slated

By: Lenilyn B. Gallos THE College of Fisheries and Ocean Sciences (CFOS), University of the Philippines Visayas (UPV), through the support of the Philippine Council for Agriculture, Aquatic, and Natural Resources Research and Development of the Department of Science and Technology (PCAARRD-DOST) will hold the 1st Philippine Mussel Congress on October 25, 2018 at Diversion 21 […] The post First Philippine mussel congress slated appeared first on The Daily Guardian......»»

Category: newsSource:  thedailyguardianRelated NewsOct 9th, 2018

Stormtroopers marks its 30th Founding Anniversary

The 8th Infantry (Stormtroopers) Division, Philippine Army marked its 30th Founding Anniversary on August 1, 2018 with Secretary Roy A. Cimatu of the Department of Environment and Natural Resources as Guest of Honor and Speaker......»»

Category: newsSource:  samarnewsRelated NewsAug 27th, 2018

Bonsai trader yields threatened species

By Kuhlin Ceslie Gacula The Department of Environment and Natural Resources (DENR) announced yesterday the seizure of 34 sacks of illegally collected stems of the threatened Philippine bantigue, a plant species (Pemphis acidula) popularly used in creating bonsai. Bonsai refers to the Japanese art of cultivating plants to make them look like miniature trees. A […].....»»

Category: newsSource:  tribuneRelated NewsAug 25th, 2018

DENR seizes P300,000 worth of threatened plant species in Quezon

MANILA, Philippines – The Department of Environment and Natural Resources (DENR) seized 34 sacks of illegally collected stems of the threatened Philippine bantigue in Quezon last August 9.  DENR's Philippine Operations Group on Ivory and Illegal Wildlife, also known as Task Force POGI, confiscated at least 6 bags containing freshly cut ........»»

Category: newsSource:  rapplerRelated NewsAug 25th, 2018