SENATOR LOREN LEGARDA WARNED TODAY THAT THE RELAXATION BY THE BANGKO SENTRAL NG PILIPINAS (BSP) OF ITS RULES ON FOREIGN EXCHANGE TRANSACTIONS MAY BE USED BY SOME CORRUPT PEOPLE IN GOVERNMENT TO PARK THEIR ILL-GOTTEN WEALTH OUTSIDE OF THE PHILIPPINES TO ESCAPE GARNISHMENT.
“There may be good and valid reasons for this move by the BSP to allow just anyone to buy $30 million from local banks and to ‘invest’ the same abroad without needing approval anymore from the BSP,” […]
THE NATIONALIST PEOPLE’S COALITION ON SUNDAY NIGHT STRONGLY CONDEMNED THE “BLACK PROPAGANDA” BEING WAGED AGAINST SEN. LOREN LEGARDA, THE NPC-NP CANDIDATE FOR VICE PRESIDENT, AS “UNWARRANTED, BLATANTLY FALSE AND SCURRILOUS.”
Valenzuela City Rep. Rex Gatchalian, NPC spokesman, referred to text messages being circulated by anonymous sources claiming that Senator Legarda had filed a bill seeking to reduce the salaries of public school teachers and military personnel.
“Nothing could be farther from the truth,” Gatchalian said. “On the contrary, Senator Legarda […]
SEN. LOREN LEGARDA WILL TAKE A MORE ACTIVE ROLE IN PUSHING HER ADVOCACY FOR CLIMATE CHANGE ADAPTATION AND MORE GREEN TECHNOLOGY WITH THE ADVENT OF THE NEW YEAR.
As her New Year’s resolution, Loren said she would pursue her climate change advocacy “more passionately and bring it to the grassroots to show how it directly affects food and hunger.
Loren said she would also “try to convince business and industry to adopt green technology.”
“I will do these with even […]
SEN. LOREN LEGARDA SAID YESTERDAY THE NEXT ADMINISTRATION SHOULD ADOPT A “NO-NONSENSE PROGRAM” TO REVIVE THE PHILIPPINE MARITIME AND SHIPBUILDING INDUSTRY TO PREVENT FREQUENT SEA ACCIDENTS THAT ANNUALLY COST THE COUNTRY HEAVILY IN HUMAN CASUALTIES AND FINANCIAL LOSS.
“It is too late for the present administration, which has neglected maritime industry, to do this,” said Loren. “So it will be the job of the next administration after 2010 to revive the shipbuilding and maritime industry for which our country has […]
SENATOR LOREN LEGARDA YESTERDAY WARNED OF A WORSE FISCAL CRISIS NEXT YEAR DUE TO THE “EXTRAVAGANCE AND OVER-BORROWING OF THE ARROYO ADMINISTRATION” IN THE PAST NINE YEARS.
Loren issued the warning after Moody’s Investors Service reported that 2010 may prove to be a “tumultuous year” for sovereign debt issuers and this includes the Philippines.”
Loren said that this means that the Philippines would have a hard time soliciting foreign loans next year to fund its requirements not only for necessary […]