Aquino has not much to show for P2-B intelligence fund

The Paocc was allocated P324 million in confidential/intelligence funds in 2011, P566 million in 2012 and P588 million for this year. The 2011 budget described this allocation as for “Presidential Anti-Organized Crime Commission Proper, including P300 million for Confidential and Intelligence expenses to be released upon approval of the President.”

Obviously to downplay the jump in Paocc’s funds the succeeding year, the 2012 Appropriations Act described the funds allotted for it as for “National Security Monitoring, including requirements for the Presidential Anti-Organized Crime and Transnational Crime Campaign, as well as P500 million for confidential and intelligence funds to be released upon approval of the President.” (more…)

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PH left out in China’s global investment surge

FINE time for President Aquino to put our territorial disputes with China—which started fifty years ago and whose resolution will take probably a hundred years—at the forefront of our diplomatic relations with the newest economic superpower.

Great timing for our country to be the noisiest among five claimants, condemning China as the region’s bully, and practically calling the global bully—the US—to go to our neighborhood and beat up that troublemaker. The four other protagonist against China’s claims (Malaysia, Vietnam, Taiwan and Brunei)—as well as Cambodia and Myanmar must be cheering us on to antagonize China—while laughing at us behind our backs. (more…)

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Cambodia, Myanmar overtake PH in FDI flows

 

President Aquino’s claims that foreign investors have been queuing up to invest in the country enticed by his daang matuwid governance just don’t seem to match reality. Last year, for the first time ever two of the more backward ASEAN countries, Cambodia and Myanmar, overtook our nation in terms of foreign direct investment inflows (FDI).

According to data from the United Nations Conference on Trade and Investments’ latest “Global Investment Trends Monitor,” FDI inflows in 2012 into Cambodia totaled $1.8 billion, a 104 percent increase from last year. Myanmar (Burma) on the other hand had $1.9 billion for 2012, a 90 percent increase from last year. (The figure for Singapore is way too big to include in chart, in 2012 at $54.4 billion.) (more…)

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Lacierda in denial over Prosperity Index findings

Presidential Edwin Lacierda’s reaction to our column Filipinos worse off under Aquino (28 January) only reveals that he is in pathetic denial—in the face of hard facts—over the Legatum Institute’s Prosperity Index findings that the Philippines’ ranking in the world in terms of prosperity measures has sunk under President Aquino administration. Or he just can’t understand the   index’ figures.

Lacierda’s sole argument is that the rankings aren’t important, but countries’ “raw scares”—the term he himself uses. (more…)

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What really happened at Aquino’s P49-million Davos dud

Contrary to the reports of a servile mainstream press, President Aquino’s trip to the World Economic Forum 2013  (WEF) in Davos, Switzerland was a dud, with even the most important invest-in-the-Philippines aspect of his trip—a meeting with Volkswagen officials purportedly to announce a major investment in the Philippines—unceremoniously cancelled.

Aquino’ performance in the sole WEF session he was invited to participate in—a panel discussion on  “Resilience in Diversity” by five Asean leaders—was mediocre, and he was totally outclassed in that session by the articulate Malaysian Prime Minister Najib Razak. (more…)

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