BOSS NIYA

KAYO BA YAN, MGA BOSS KO?

YAIKS, AKO LANG PO SER.

SAN MIGUEL CORPORATION, AKING KAMAG-ANAK

Govt to guarantee MRT 7 rail

By Alena Mae S. Flores | Aug. 25, 2014 at 12:01am

The government has agreed to provide a financial guarantee to Metro Rail Transit Line 7, allowing proponent San Miguel Corp. to start the construction of the P62.7-billion rail project within the year, Transportation Secretary Joseph Emilio Abaya said over the weekend.

Abaya said the Finance Department issued the performance undertaking for the 22.8-kilometer rail project. 

A performance undertaking, or a financial guarantee given by the government to the contractor, is a requirement for the financial closure of a project that would be partially funded by official development assistance from multilateral banks or foreign lenders.

“The performance undertaking has been signed by [Finance] Secretary [Cesar] Purisima. We have signed our implementing guidelines, so it is a matter of calling them [proponent] and giving it to them, so that’s already a go,” Abaya told reporters.

“The next step, once the performance undertaking is given to them, they should commence financial close. What I’m requesting them to do is to do it sooner than 18 months, but they’re saying they could do advanced works once they get the green light. I hope they can do it before next year,” Abaya said.

The National Economic and Development Authority board, chaired by President Benigno Aquino III, approved the MRT 7 project, an unsolicited offer from conglomerate San Miguel Corp. in November 2013.

MRT 7 involves the construction of a 22.8-kilometer rail system from North Avenue station in Quezon City, passing through Commonwealth Avenue, Regalado Avenue and Quirino Highway, to the proposed intermodal transportation terminal in San Jose del Monte City, Bulacan.

The project, first proposed by Universal LRT Corp. Ltd. nearly a decade ago, was delayed because of the company’s failure to secure a performance undertaking from the Finance Department.

San Miguel, through unit San Miguel Holdings Corp., acquired a 51-percent interest in Universal LRT in 2010.

San Miguel awarded the engineering, procurement, construction contract to the Marubeni-DMCI consortium.

San Miguel earlier said once the performance undertaking was given by the Finance Department, the processing for the financial closure could be received within the year.

The company said construction of the project was estimated to take 42 months.  Once completed, MRT 7 is expected to serve 850,000 passengers daily.

KAWATAN SA IMMIGRATION

NAGPAPAPASOK SILA NG MGA INTSIK. BELIEVE IT OR NOT. INCLUDING ILLEGAL MONEY AND CHINESE DRUGLORDS WHO HAVE MONEY.

WHY? 

SOLAIRE IS THE KEY WORD.


UNDER ORDERS FROM "MALACANANG"

CHECK IT OUT WITH THE BI INSIDERS TO VERIFY.

MAR ROXAS IS ALSO CORRUPT

Fire trucks overpriced

By Christine F. Herrera | Mar. 25, 2014 at 12:01am

Solons question PNoy, Mar on P1.3-b Austrian deal

OPPOSITION lawmakers on Monday accused President Benigno Aquino III and Local Governments Secretary Manuel Roxas II of authorizing the importation of 76 overpriced fire trucks for P20.14 million each, rather than the P7 million that the administration publicized in 2012, or P6 million each for locally manufactured units.

Abakada Rep. Jonathan dela Cruz, Bayan Muna Rep. Antonio Carlos Zarate and former Agham congressman Angelo Palmones also warned the President and Roxas against importing 300 more firetrucks from the same source, Rosenbauer of Austria.

Dela Cruz vowed to summon Roxas to a Question Hour in Congress to shed light on charges that the Rosenbauer fire trucks were priced even higher than those contracted by the previous Arroyo administration.

After President Aquino came to power in 2010, the Liberal Party led by Roxas questioned the loan concession that the Arroyo administration had signed with Rosenbauer in 2008 or 2009, saying that the contract price of each unit, at P16 million, was too high.

Local Governments Secretary Jesse Robredo, also a Liberal, had branded the loan contract “onerous,” prompting the Aquino administration to renegotiate the deal, government to government.

Robredo had publicly announced that the renegotiation was successful and that the Philippine government had managed to obtain a 40 percent grant from the Austrian government that supposedly lowered the price of each truck from P16 million to only P7 million.

Shortly before he died in a plane crash in August 2012, Robredo told the Manila Standard that the Philippine government had already signed the supply contract and boasted that a “lot of savings” had been generated because the units were priced at P7 million each.

But a 44-page supply contract signed Dec. 14, 2011 by Robredo and Ralpf Schmid, vice president for international sales at Rosenbauer, a copy of which was obtained by the Manila Standard, showed the total contract price was EU20.49 million or about P1.33 billion—which worked out to P17.52 million per truck.

The signing of the P1.33-billion loan agreement was held on the same day that President Aquino issued a “special authority” to proceed, Palace documents show.

“All prices mentioned in this contract (EU20.49 million or P1.33 billion) and payments to the benefit of the supplier (Rosenbauer) shall be made in euro,” the supply contract said.

But import duties and taxes and local transport were not part of the contract price, and these were to be paid by the buyer, in this case, the Philippine government.

Dela Cruz said this clause raised the grand total of the purchase to P1.53 billion or P20.14 million per truck.

The supply contract signing was witnessed by Bureau of Fire Protection Chief Supt. Samuel Perez and Austrian Embassy Commercial Attache Isabel Schmiedbauer.

“We demand that Congress summon Roxas to a Question Hour to explain why, despite the overpricing, the DILG plans to acquire 300 more fire trucks from the same source of the overpriced units,” Dela Cruz said.

“The Aquino administration should conduct a thorough due diligence check and postpone the purchase of 300 fire trucks until the overpricing issue of the 76 units delivered had been resolved,” Zarate added, noting that former Bayan Muna congressman Teddy Casino had already exposed this during the 15th Congress.

“The DILG, the BFP and the contractor should be made to explain first before proceeding with the purchase of 300 additional fire trucks. If there explanations are not satisfactory, if need be, these people should be penalized instead of proceeding with the total purchase,” Zarate said.

Palmones was among the first to question the government’s decision to prefer to import fire trucks in the 15th Congress when the country has a local manufacturer that sold a “tropicalized fire truck” invented by a Filipino entrepreneur at only P6 million to P9 million per unit.

“At the time of the contract signing, Robredo announced that the present value per unit of fire truck was at P7,077,494.34 or P537,889,57 million for the 76 units or 40.37 percent of the total loan amount valued at P1,332,093,100. How come the formula they used made the fire truck appreciate the value to P20.14 million? This is the first time I hear that the value of a fire truck can appreciate instead of depreciate its value over 17-and-a-half years,” Palmones said.

Palmones had filed a House resolution to give priority to local manufacturers but House leaders at the time, mostly members of the Liberal Party, archived the measure.

The Palace documents, particularly those presented and submitted to the President, showed that the Aquino government renegotiated the total contract price at an exchange rate of P65 to a euro.

But when the loan contract was signed on Jan. 12, 2012, or on the same day that the President gave it a go, the prevailing euro to peso exchange rate was pegged at P56.50.

“The President was well aware of the scandalous and anomalous overpricing and onerous loan agreement yet he still gave the go to proceed with the procurement at the expense of the taxpayers as the loan deal and the supply contracts were onerous and caused undue disadvantage to the government,” Dela Cruz said.

In 2012, the highest rate was at P57.68 to a euro on Feb. 24 and the average for the year was P54.28.

The peso weakened to P65 to a euro during the time of the Arroyo administration in 2009 then reached a maximum of P70.89 on Oct. 22, 2009.

In 2011, the highest per euro was at P63.82 in May and the average for the year was at P60.28.

In 2013, the highest was P61.34 on Dec. 30 and the average was P56.38.

“Is it possible that the Palace men may have made a mistake like a typographical error so instead of P56, it became P65 to a euro?” Dela Cruz asked.

“Last time we checked, the euro-peso exchange rate never reached P65 during the Aquino government since 2010 up until now. So where did President Aquino and the DILG get the exchange rate of P65? Because that mistake had cost the taxpayers several millions,” said Dela Cruz, a member of the independent minority bloc in the House, said.

The loan agreement became effective on April 16, 2012 when the prevailing exchange rate was at P56.16 to a euro, Palace documents showed.

The first four shipments were made from October 2012 to March 2013 and arrived in the country starting January 2013 up to May 2013 or before and during the election campaign period with 50 units worth P1 billion distributed to various provinces and fire stations all over the country, Palace documents showed.

The last two shipments, involving 26 units worth P523.64 million, were made starting June 2013 and ended in November 2013, with all six deliveries received and distributed nationwide by Roxas.

Dela Cruz said he could not help but notice that the purchase and distribution nationwide of 76 imported units had been made before, during and after the 2013 midterm senatorial elections under Roxas’ leadership while the next planned 300 units would be made at the onset of the 2016 presidential elections, when Roxas is expected to be the Liberal Party standard bearer.

After President Aquino gave the green light by issuing a special authority to proceed with the signing of the loan agreement, the country’s economic team all endorsed the deal. The Monetary Board approved the project on Feb. 16, 2012 that was affirmed by the Justice Department on March 1, 2012.

The Finance Department, led by Secretary Ceasar Purisima, was authorized to act as the “borrower” on behalf of the Philippine government and the Department of Budget and Management, headed by Secretary Florencio Abad, who was the President’s campaign manager in the 2010 presidential polls, approved the project’s Forward Obligation Authority.

Purisima and Abad were members of the LP and part of the Balay Group headed by Roxas against another faction in the Palace, the Samar Group, led by Executive Secretary Paquito Ochoa Jr.

Taxpayers will be paying the loan for 17.5 years, including the 3.5-year grace period at an interest rate of 1 percent per annum, but with a grant of supposedly 40 percent as a concession from the Austrian government.

The payment period for the principal payments comes in 28 equal semi-annual payments at P47.57 million while interest charges range from a low of P999,069 to a high of P66.66 million.

The Philippine government paid a total of P185.46 million in taxes and duties and P13.32 million in “project administration.” A total of P198.78 million was thus added to the total loan amount of P1.33 billion, bringing the grand total to P1.53 billion.

House to ask Roxas: Justify fire truck deal

By Christine F. Herrera | Mar. 27, 2014 at 12:01am

THE House will compel Interior Secretary Manuel Roxas to explain the “P200-million hidden charges” in the overpriced and anomalous purchase of 76 imported fire trucks priced at P21 million each, a lawmaker said Wednesday.

Abakada Rep. Jonathan dela Cruz, who filed House Resolution 990 that seeks to probe the “onerous” concessional loan deal with Austria, identified the hidden charges as project management costing taxpayers some P56.24 million, project administration amounting to P13.32 million, training and manuals worth P24.67 million, engineering and specification design costing P16.25 million, other accessories costing P24.7 million, and the undelivered spare parts amounting to P61.98 million or a total of P197.18 million.

“President Aquino will be stepping down in June 2016, yet the taxpayers will continue to bear the brunt of paying for these overpriced fire trucks for 17.5 years or even after he is long gone,” Dela Cruz said.

“Roxas owes it to the Filipino people to explain these overpricing and hidden-charges issues.”

Former Agham Rep. Angelo Palmones, the most vocal critic of the loan deal with Rosenbauer-Austria, demanded that Roxas account for the project’s status.

“We want to know what is this project management worth P56.24 million?” Palmones said.

“What is being managed here when the Philippines supposedly just bought the fire trucks that were also delivered? What is this project administration cost pegged at P13.32 million?”

The Manila Standard had tried to reach Roxas for comment since Sunday, to no avail. The Palace said Roxas would soon explain the P1.33-billion concession loan from Austria in a government-to-government contract.

The Palace spokesmen could not even explain why the exchange rate used in acquiring the  P1.33-billion concession loan was P65 to a euro.

The Palace documents, particularly those presented and submitted to the President, showed that the Aquino administration renegotiated the total contract price at an exchange rate of P65 to a euro.

But when the loan agreement was signed on Jan. 12, 2012, or on the same day that the President gave “special authority” to proceed with the signing, the prevailing exchange rate was P56.50 to one euro.

The price of the Rosenbauer fire trucks ballooned to P1.53 billion after the government shouldered taxes and duties costing P185.45 million and project administration at P13.32 million.

Palmones, president of the Agham party-list group, questioned the payment of engineering and specification design worth P16.25 million.

“The Rosenbauer fire trucks arrived without changes,” Palmones said.

“They were not even turned into tropicalized fire trucks that could fit in narrow alleys where most fires occur, particularly in congested Metro Manila.”

Palmones said the “trainings” that cost the taxpayers some P24.67 million only involved the training of the drivers of the fire trucks—not the entire fire-fighting team that could have learned how to operate the fire trucks.

“So the taxpayers spent P324,717 to train a driver,” Palmones said.

“Let’s cut that into half so we include the relievers, and that would still come to a hefty P162,358 per person.”

As to the P61.98 million worth of spare parts, Palmones said those that arrived with the units were the most basic ones, including screws that had no use once a fire truck sustained a major as what happened to a fire truck assigned to Las Piñas.

KIM HENARES; FORMER IMF EMPLOYEE, CORRUPT AND SERVING FOREIGN ELITE INTERESTS

Shotgun mentality

• Written by  Tribune Editorial
• Wednesday, 26 March 2014 00:00

Acontentious issue in the impeachment hearing of former Chief Justice Renato Corona was the House prosecutors’ demand that his dollar accounts be pried open for scrutiny since one of the allegations against the Supreme Court head was that he had withheld information on his wealth in his statement of assets, liabilities and networth (SALn).

Brought into the spotlight was the Foreign Currency Deposits Act (FCDA), which guarantees the confidentiality of dollar accounts signed during the term of former President Ferdinand Marcos.
It was a measure supposedly meant as an incentive to foreign investors.

The amended Anti-Money Laundering Act already provided a procedure for the government to compel banks to open deposits in local currency through a court order.
Now, Internal Revenue Commissioner Kim Henares the other day said the Bureau of Internal Revenue (BIR) will seek the removal of the secrecy of bank deposits on suspected tax cheats which in effect would be the accounts of anybody whom the government fancies.
For somebody who frequents the shooting range similar to Noynoy, Henares may have developed a shotgun mentality of spraying a crowd with bullets to kill a criminal.
The allegation on Corona in being remiss on his SALn declarations was a good example of how selective political persecution can be introduced by giving the government excessive police powers.
Since the FCDA is a law, for instance, it was not the fault of Corona, nor probably most of the Cabinet members of Noynoy as well as Noynoy himself, to make use of it in securing their assets, legally acquired or otherwise.
The argument raised during the impeachment trial was that the FCDA and the bank secrecy law in general render the SALn law and the constitutional provisions on full disclosure of assets, liabilities and net worth useless since “corrupt public officials can open dollar accounts and co-mingle peso accounts with their relatives to justify the filing of SALn that are completely and totally inaccurate.”
The BIR wants to shortcut the process of removing the anomaly created by the FCDA by totally expunging the bank secrecy law and thus allow government to have access on bank accounts at its whim.
The bank secrecy law and even the FCDA, as they are, do not provide absolute confidentiality. The bank secrecy law is now subject to varied exemptions provided under the AMLA and the FCDA only bars the banks, not the depositors from disclosing information on dollar accounts.
Indeed the FCDA can be considered a major hurdle in efforts to fight corruption in government but a total repeal would create a backlash on businesses and even individuals that rely on the law to safeguard their assets in the country.
It was also proven during the impeachment trial that the powers the government currently has are already potent in extracting information about the assets of suspected corrupt officials.
Up to now, however, no proof has been established on the alleged hidden or undeclared wealth of Corona despite the continued persecution undertaken against him and his family.
The suggestion of Henares to totally remove the secrecy on bank deposits is not even necessary to comply with international norms as proven by the Financial Action Task Force on money laundering removing the country from its watch list after Congress passed reform measures to the AMLA.
Henares said the removal of the bank secrecy law is a step toward enhancing transparency which is a subject she should take up with Noynoy first since he is determined in his opaqueness by not endorsing the Freedom of Information bill.
The Henares proposal is even dangerous in its encompassing scope since it covers anybody whom she believes is not paying the right tax.
Using the current selective government campaign against targeted opposition members through the scripted Priority Development Assistance Fund scam, it will not be hard to imagine who Henares will go after once she gets her wish.
Dismantling the right to privacy comes to mind in the folly of Henares

FORMULA PARA SA BANSA

How to solve POVERTY, EXPLOITATION and UNEMPLOYMENT in the Country

1.     KIDNAP AND RANSOM the Oligarchs of this country. Masyado na silang nakikinabang sa yaman ng bansang ito. The Oligarchs are responsible for making the economic rules and manipulating Philippine Laws through their “hired politicians”.  These Oligarchs are the AYALAS, LOPEZES, ARANETAS, SYS, ROSARIOS, TANS, COJUANGCOS, SUMULONG, ANG, YUCHENGCO, TY, ABOITIZES, ALCANTARA, RECTO, etc.  Sobra na silang MATAKAW that even business people from Visayas and Mindanao are being “blocked” by these Oligarchs from expanding their businesses in Luzon. Sa medaling salita, ayaw ng mga Oligarchs sa Luzon na may mas yayaman pa sa kanila from Visayas and Mindanao. If you are not a mestizo and an Oligarch, then they consider you a “nothing”.  THEY WANT MONOPOLY OF BUSINESS IN VISAYAS AND MINDANAO.

2.     MURDER THE COJUANGCO-AQUINOS - Cory Aquino and Danding Cojuangco were responsible for BASTARDIZING THE WHOLE COUNTRY. LAHAT NALANG ng opportunidad ay SA KANILA NAPUNTA. THEIR FAMILIES SHOULD BE MURDERED.  There is no shame in shooting Danding, Noynoy, Tonyboy, Ramon Ang and setting fire to the whole Sumulong-Aquino-Cojuangco families.

3.     KIDNAP HENRY SY AND HIS FAMILY – Abusado na ang SM. They destroy the local businesses and destroy nature (Baguio City).  At hindi sila nagbabalik ng sukli. Somebody should kidnap the sons and daughters of Henry Sy.

4.     Allow the entry of foreign communications companies para maging mura na ang text and calls. Monopoly na ang SMART and GLOBE. We encourage the Mayors and Governors of the Local Government to sabotage and destroy the cell sites of these companies. Masyado na ring abusado ang mga kompanyang ito.

5.     EXPEL THE JESUITS AND CLOSE DOWN THE ATENEO – the Jesuits are responsible for warping our Constitution and our Country. They are intervening in the policies of the government. They not only espouse ELITISM in the country, they are also violating the separation of the Church and State. Madalas silang nakikialam sa gobyerno natin, and yet, they don’t offer anything. Fuck, they did not even have property when they first landed in the country. THEY JUST CONFISCATED THE LANDS BELONGING TO PEOPLE AND BUILT THEIR CHURCHES.  Jesuits are SOCIAL PARASITES, money makers and forked-tongue serpents. Come to think of it, they are already building big buildings and call it a “ mission of Jesus”. Hoy, Nebres, Alejo and Barcelon, MUKHA KAYONG PERA!  Kunwari man for others, pero MGA USER kayo. Parents from your own PTA already complain about you people asking for DONATIONS LEFT AND RIGHT. PURO KAYO SOLICITATIONS LEFT AND RIGHT. YOU USE THE NAME OF GOD TO COLLECT MONEY FROM THE PEOPLE AND AS IF YOUR SCHOOL TUITION FEES ARE CHEAP! MUKHANG PERA MGA HESWITA!

6.     PROSECUTE AND DISBAR JUSTICE SECRETARY LEILA DELIMA FOR VIOLATION OF CIVIL RIGHTS AND ISSUANCE OF ILLEGAL ADMINISTRATIVE RULES FOR NBI AND BUREAU OF IMMIGRATION.

7.     PROSECUTE AND JAIL DINKY SOLIMAN FOR GRAFT AND PLUNDER

8.     PROSECUTE AND JAIL FLORENCIO ABAD FOR MASSIVE GRAFT AND PLUNDER

9.     BARILIN SI KIM HENARES O PWEDE RIN SAKSAKIN SI KIM HENARES KAPAG NANUOD SIYA NG SINE SA MAKATI ESTABLSHMENTS

10.                        THE FARMERS OF HACIENDA LUISITA SHOULD THROW GRENADES AT THE AQUINO HOUSE IN PANIQUI. HUWAG SILANG PUMAYAG NA APAK APAKAN LAMANG SILA.

11.                        BOMB MALACANANG. SAKSAKIN SI NOYNOY.

12.                        ITUMBA LAHAT NG MONUMENTO NI NINOY AQUINO. DEFACE THE STATUES OF NINOY AQUINO, CANCEL HIS STATURE AS A SO-CALLED“HERO”.WALA NAMANG NAGAWA SI NINOY AQUINO. PURO SALITA. HE DID NOT EVEN BUILD A MUSEUM IN MANILA.

13.                        DURAAN AT SIPA-SIPAIN SI MAR ROXAS. GAGO YAN SI MAR ROXAS. KAPAG NAKITA RAW NILA IYAN, SOME OF OUR FRIENDS AND SUPPORTERS SAY, PAPALUIN RAW NILA NG TUBO SA ULO.

14.                        GAPOSIN SI VOLTAIRE GAZMIN AT HONRADO SA BALETE TREE.  PALUIN DAPAT NG DOS POR DOS ANG MGA MUKHA NILA . TINGNAN NATIN KUNG SINO MATAPANG. GUSTO YATA NILA LAGYAN NAMIN NG RUBBER BAND MGA ITLOG NILA, HA??

15.                        PLACE PHILIPINE AIRLINES back to Government control and lower down air transport rates!