Category Archives: Government

PHILIPPINES LENDS $1 BILLION TO IMF, ASKS FILIPINOS TO BE AUSTERE

Skyline of the affluent Makati City in the Philippines (background), slums (foreground)
Skyline of the affluent Makati City in the Philippines (background), slums (foreground)

MANILA, Philippines (The Adobo Chronicles® ) –  The Philippines is lending the International Monetary Fund (IMF) $1 billion to help stabilize the global economy amid the euro zone’s debt crisis, the Bangko Sentral ng Pilipinas (Central Bank of the Philippines) said on Wednesday.

“The Philippines is supporting the global efforts to stabilize the world economy and maintain it on a growth path. This is the reason why the Philippines is extending a $1 billion loan to the IMF. We are a member of the global community of nations and it is also in our interest to ensure economic and financial stability across the globe,” BSP Governor Amando M. Tetangco Jr. said in a statement.

Tetangco said the loan to the IMF is the Philippines’ way of giving back to the world’s so-called lender of last resort after it helped the country address its financial difficulties in the past.

The Philippines had been a net borrower from the IMF for almost 40 years until the country finally settled its loans in 2006.

In order to lessen the negative impact of this loan on the Philippine economy, President NoyNoy Aquino asked the Filipino people to institute austerity measures, including:

  • Reducing their daily meals from three to two, and to avoid eating rice altogether
  • Turning off airconditioners in homes, malls, offices, and cars from 10am to 6pm, 7 days a week
  • Save on gasoline by driving their cars only on Tuesdays, Thursdays and Saturdays
  • Using candles or gas lamps to light up their homes  from 8pm to midnight
  • Avoid charging cell phones, tablets and other mobile devices on Mondays, Wednesdays and Fridays
  • Avoid taking long showers and,  if possible, limiting them to three times a week

In addition, Aquino issued an executive order mandating that all government offices and hospitals be closed on Wednesdays. Police and firefighters nationwide will be asked to take a mandatory day off every Friday. Also, all ongoing road repairs and improvement work on the MRT (light railway system), will be suspended immediately.

He also urged all elected officials and members of his cabinet to reduce their plunderous activities by at least 15 percent . At the same time, he asked the Philippine Catholic Church to donate 10 percent of its Sunday collections to the government.

Aquino said that this is a time for all Filipinos to do their share in ensuring that the country’s economy will continue to remain robust while maintaining the Philippines’ reputation as the new “Darling of Asia.”

 

PHILIPPINES NOW HEADS UNITED NATIONS BODY ON DISASTER REDUCTION

Binay, left. and Aquino, in a rare display of unity and solidarity
Binay, left. and Aquino, in a rare display of unity and solidarity

GENEVA, Switzerland (The Adobo Chronicles®) – The Philippines has taken over the chairmanship of the Geneva-based International Strategy for Disaster Reduction (ISDR) Support Group.

Alexandre Fasel, permanent representative of Switzerland to the United Nations, officially handed over last June 22 the chairmanship of the ISDR Support Group to Ambassador Cecilia Rebong, Philippine permanent representative to the UN. The Philippines formally assumes the role this month.

The chairmanship was in recognition of the Philippines’ extensive and long-standing experience in political disaster, particularly in the handling of major man-made events such as graft, curruption, plunder, unexplained wealth of Filipino politicians, among others.

Reacting to the news, President NoyNoy Aquino and Vice President Jejomar Binay — in a rare display of unity and solidarity — issued a joint statement saying that this international honor is a testament to  the Filipino people’s resiliency in dealing with devastating fallouts from the incompetency as well as corrupt and criminal ways of their elected officials.

“There is so much the world can learn from the Philippines in as far as disasters are concerned,” the statement said.

U.S. CONGRESS DIVIDED BETWEEN PHILIPPINES AND PUERTO RICO TO BE THE 51ST STATE OF THE U.S.

imageWASHINGTON, D.C. (The Adobo Chronicles®) – The fourth of July would have been a perfect day to welcome the 51st state of the United States, but it seems that may have to wait for yet another year.

A U.S. territory, Puerto Rico, and a former U.S. colony, the Philippines, are the top contenders to become the latest addition to the union .

Puerto Rico has already held several referenda to determine the people’s desire to continue to be independent or to become a U.S. state. By virtue of their country’s status as territory, Puerto Ricans are already considered U.S. citizens. In the last referendum held in November of 2012, majority of Puerto Ricans – 61% – have chosen statehood for the first time.

The Philippines has not held a referendum on statehood although a U.S. statehood movement has been in existence for decades.  The Southeast Asian country has become very strategic for the United States, especially in light of recent developments involving China and its territorial claims on islands in the South China Sea —  claims contested by the Philippines and other Southeast Asian countries.

In anticipation of statehood, the Philippines has already designed its proposed state flag. image

Only the U.S. Congress can decide to add a new state to the union, as clearly stated in the U.S. Constitution.

The Adobo Chronicles®  recently conducted an informal poll among members of the current U.S. Congress and the results show an amazing statistical dead heat. Our poll showed 267.5 legislators in favor of Puerto Riceo and 267.5 in favor of the Philippines.

So the question remains: which will become the 51st state of the United States? Puerto Rico or the Philippines?

Suffice it to say that whichever becomes the 51st state will be listed in the same order, alphabetically, when mentioning the 51 U.S. states, since both start with the letter ‘P.’