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Thursday, September 17, 2009 |
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Lakas-Kampi picks ‘Gibo’ |
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Choice pits Teodoro vs. cousin ‘Noynoy’
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The ruling political party on Wednesday named Defense Secretary
Gilberto Teodoro as its candidate for next year’s presidential
elections, setting up an intriguing showdown between cousins.
The announcement by the Lakas-Kampi Christian
Muslim Democrats (CMD) effectively rules out opposition fears that
President Gloria Arroyo would cling to power beyond her six-year
term next year.
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O T H E R R E P O R T S
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Fernando licks wounds, keeps ‘options open’
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Bayani Fernando must have remembered that old saying: If you do not
have anything good to say, don’t say anything at all.
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De Castro opts to stay independent
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Despite having a Cabinet portfolio and his popularity as a likely
presidential candidate for the ruling party, Vice President Noli de
Castro decided against joining Lakas-Kampi Christian Muslim
Democrats (CMD).
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Legacy banks ‘overstated’ their assets
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The assets of the closed Legacy banks were bloated by almost P19
billion to make it appear they had adequate assets to continue doing
business, according to the Philippine Deposit Insurance Corp. (PDIC).
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MAYOR EJERCITO DEFENDS FATHER, SLAMS THE YUCHENGCOS
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Another son of former President Joseph “Erap” Estrada stood up
to defend him from the accusations Sen. Panfilo “Ping” Lacson
made in a privileged speech earlier this week.
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PEP Coalition says taipan’s PLDT shares belong to planholders
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The Parents Enabling Parents (PEP) Coalition on Wednesday claimed
that the 750,000 PLDT shares sold by Amb. Alfonso Yuchengco to the
group of businessman Manuel Pangilinan belonged to the planholders
of the embattled pre need firm Pacific Plans Inc.
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PROFILE
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New Japan PM a political heir out to rebuild
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TOKYO: Japan’s new center-left Prime Minister Yukio Hatoyama is a
soft-spoken and wealthy political scion with an academic bent who
likes to chant meditative mantras to clear his mind.
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US Fed chief says turmoil ‘likely over’
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WASHINGTON, D.C.: The recession in the United States “is very
likely over,” but its economy remains weak because of tough credit
conditions and high unemployment, Federal Reserve Chairman Ben
Bernanke said.
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Supreme Court ruling on CAP ‘a bad precedent’
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Saying that the Supreme Court set a bad precedent, the Parents
Enabling Parents (PEP) Coalition said Wednesday that it would appeal
the decision allowing the corporate rehabilitation of the College
Assurance Plan Philippines Inc., or CAP.
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