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Nov 07th
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Home Editorial

Priorities

Priorities

EVERYONE wants to get a piece of the action when Manny Pacquiao, RP’s pound-for-pound king goes into the ring with Puerto Rican Miguel Cotto on November 15.

Therefore, it’s not surprising to know that Philippine House Speaker Prospero Nograles and his cohorts are going on a side trip to the WBO welterweight match after their series of meetings in Washington with Speaker Nancy Pelosi and her party of lawmakers.

Admittedly, Speaker Nograles is an avid fan of "The Pacman" and even considers himself as part of Team Pacquiao.

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Relieved

Relieved

LAST week, a certain blogger started a firestorm, reporting that the Department of Social Welfare and Development (DSWD) has been allegedly hoarding imported relief goods.

To pacify the picketing mob of militant urban poor and labor leaders, Social Welfare Secretary Esperanza Cabral explained that "the distribution of relief goods to typhoon victims is done upon the request of local government units, a system that stems from the devolution of the social services function under the law."

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Small victory

Small victory

THE much-awaited $5.5 million funding from US Millennium Challenge Corp. (MCC) was fi nally bestowed to the Philippines, MCC’s "model partner."

The memorandum of understanding between the Philippines and the US was signed on Friday by Ambassador Willy Gaa and MCC acting VP Darius Teter. The funds will be utilized to complete benefi t analyses, engineering designs and environmental and social impact studies on investments and cost estimates for proposed projects to benefi t the needy.

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Walking on water

Walking on water

THE aftermath of twin typhoons, Ondoy and Pepeng left the Philippines devastated, with hundreds of people dead and others, still missing. Millions of pesos have been spent for damages and most areas in Luzon will never be the same again.

According to Finance Secretary Margarito B. Teves, damage caused by the storms may shave percentage points from the country’s gross domestic product, which was initially projected to grow at least 0.8 percent this year. This is due to the fact that many industries have been directly affected – fl ooding destroyed most farm crops and factories.

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The root cause of evil

The root cause of evil

FOUR years ago, President Gloria Macapagal Arroyo emphasized that "corruption is strangling the Philippines." She has called on Filipino citizens to "join hands to root out this evil." She also mentioned that ill-gotten wealth would be seized from corrupt offi cials – both in the government and the military. Years later, in an ironic twist of fate, GMA’s administration has become one of the most notorious regimes for corruption in the history of Philippine governance.

The issue of rampant corruption in the Philippines has become a major concern for foreign businesses, demonstrated in the results of a survey on business expectations conducted by the American Chamber of Commerce (AmCham). 88 percent of respondents expressed dissatisfaction over the overwhelming problem of corruption. "Dissatisfaction with corruption, which has improved in recent years, has reverted to 2005 levels," the survey pointed out.

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FASO-PASKO 

Balikbayan Magazine Issue 9 Vol. 1 November

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