Aquino declares September 3 as special non-working day in Iriga City, Camarines Sur in celebration of its 44th Founding Anniversary
President Benigno S. Aquino III has declared September 3, which falls on a Monday, as a special (non-working) day in the city of Iriga in the province of Camarines Sur in celebration of its 44th Founding Anniversary.
The Chief Executive issued the declaration through Proclamation No. 456 signed by Executive Secretary Paquito N. Ochoa Jr. on Aug. 14 to give the people of Iriga the full opportunity to celebrate and participate in the occasion with appropriate ceremonies.
On July 8, 1968, Iriga was converted into a city by virtue of Republic Act 5261. However, it was only on September 3 of the same year that the city was formally organized and inaugurated as the third city of the Bicol Region by then President Ferdinand Marcos. (js)
Palace satisfied with 2nd quarter growth
Malacañang is satisfied with the economic growth performance of the country for the second quarter, a senior government official said on Thursday.
In a press briefing in Malacañang, Presidential Communications Development and Strategic Planning Secretary Ramon Carandang said that the 5.9 percent growth rate posted by the country in the second quarter was still within the growth range of 5-6 percent projected by the government economists.
“Yes... we’re very happy with 5.9 percent economic growth because number one, it exceeded the market expectations. The consensus estimate was around 5.3 percent, so we’ve done that,” Carandang said.
He added that the modest growth rate posted by the country is still one of the highest in the region which, with the rest of the world, has been reeling from the effects of a global economic downtrend.
“Number two, it is among the highest in Asia, among our peers. At a time when there is a lot of economic uncertainty, our economy continues to show relative strength,” Carandang said.
“So, yes, we are very happy about it,” he added. (rck)
Malacanang says Mining Industry Coordinating Council is expected to submit proposed implementing rules and regulation for new mining policy by end of September
The Mining Industry Coordinating Council (MICC) is expected to submit to President Benigno S. Aquino III the proposed implementing rules and regulations (IRR) for the new mining policy by the end of September, a Palace official said on Wednesday.
The MICC is the newly-created body tasked to formulate the implementing rules and regulations for Executive Order 79, also known as the new mining policy.
"Let me cite the legislation that the industry is waiting for, the EO calls for a review of the current legislation on royalties for mining. The MICC which has been meeting consistently is hoping to have a draft of the legislation by the end of September to show to the Palace," Presidential Communications Development and Strategic Planning Office Secretary Ramon Carandang said during the regular press briefing in Malacanang on Thursday.
"So I can assure the industry that things are moving along at a good pace. I think, once those issues have been clarified we will see an increase in activity from that sector," Carandang said.
Carandang said the executive order on mining aims to generate more revenues for the government and address mining industry and environmental concerns.
President Aquino signed on July 6, 2012 Executive Order No. 79 (Institutionalizing and Implementing Reforms in the Philippine Mining Sector by providing policies and guidelines to ensure Environmental Protection and Responsible Mining in the utilization of Mineral Resources).
With the crafting of the new mining policy, the Aquino administration hopes that the new measure will generate more revenues for the government in the face of a high demand for metallic resources. The new Executive Order also aims to balance out concerns on environment protection and economic gains. (js/1:57pm)
Aquino receives Smart Gilas Pilipinas in a courtesy call
President Benigno S. Aquino III received the members of the Smart Gilas Pilipinas national basketball team in a courtesy call in Malacanang on Thursday.
Smart Gilas team presented the President a jersey and a basketball with signatures of the players and in return the Chief Executive gave each of the Smart Gilas members a token.
The national basketball team posted a historic win over taller American squad on Sunday to bag its first William Jones Cup title in 14 years, 76-75, in Taipei, Taiwan.
The country first won the Jones Cup by the Centennial Teamin 1996 led by Philippine Basketball Association legends Alvin Patrimonio and Allan Caidic.
In 2011, the Philippines placed third in the Jones Cup with a 6-3 record with the first incarnation of the Smart Gilas team, comprised of amateur players and PBA members.
Smart Gilas team players include LA Tenorio, Jay-R Reyes, Ranidel de Ocampo, Sonny Thoss, Gabe Norwood, Sol Mercado, Mac Baracael, Marcus Douthit, Larry Fonacier, Garvo Lanete, Enrico Villanueva, Matt Ganuelas, Jeff Chan, and Gary David.
Smart Gilas team officials who met the President include Smart Communications chief wireless adviser Orlando Vea, Smart Sports’ Patrick Gregorio, Head coach Chot Reyes, team manager Butch Antonio, assistant coaches Jong Uichico, Ryan Gregorio and Josh Reyes. Physical therapist Dexter Aseron and liaison officer Yvette Ruiz, and utility officer Bong Tulabot were also present.
Smart Gilas Pilipinas is a developmental Philippine National Basketball team sponsored by Smart Communications and the Samahang Basketbol ng Pilipinas (SBP).
The R. William Jones Cup, or the Jones Cup, is an international basketball tournament held annually since 1977 in Taipei, Taiwan. William Jones founded the tournament with participants coming mainly from the Asian and North American regions.
The Jones Cup also invites clubs, collegiate teams, and national teams around the world. (as/2:52pm)
Economic team working to sustain momentum in the first half
The country’s economic managers are watching the developments overseas particularly in Europe and the US because of its possible impact on the Philippine economy in the second half of the year, a Palace official said on Thursday.
The Philippines continues to diversify its exports to different countries and carries out other measures having in mind that uncertainty in those regions could make local conditions difficult to handle, Secretary Ramon Carandang of the Presidential Communications Development and Strategic Planning Office said in a press conference in Malacanang on Thursday.
The question whether Greece stays in the Euro, or whether the Republicans and the Democrats in the US come to terms in some kind of budget deal are the things that the economic cluster are watching out for possible risks to the country’s gross domestic product, he noted.
“That will have an impact on us. It will have an impact on remittances, possibly, and on exports,” Carandang said.
But mentioning figures from Economic Planning Secretary Arsenio Balisacan, Carandang said that actually the Philippines’s capital formation or investments increased by about two percent in the second quarter—2.3 percent. During the same period last year, it was down by 10.1 percent, he said.
“Arsi (Balisacan) says that he believes that this is a trend that has begun, that capital formation has bottomed out and that we’re going to see new investments and new capital formations, contributing increasingly to economic growth as we move forward. So hopefully that will, to some extent, offset some of the uncertainty that we’re facing in Europe and North America,” he added.
Carandang also said the Aquino administration is satisfied with the 5.9 percent economic growth posted by the country for the second quarter noting that it even exceeded market expectations. (as)