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Quit calls for DILG, PNP, Com group chiefs mount By Gerry Baldo,Charlie V. Manalo and Angie M. Rosales 08/26/2010

Thursday, August 26, 2010

Quit calls for DILG, PNP, Com group chiefs mount


By Gerry Baldo,Charlie V. Manalo and Angie M. Rosales
08/26/2010
The public wants blood over the botched hostage rescue crisis that tragically ended the lives of eight Hong Kong tourists, with the debacle the latest black mark on the government and its police force.

Resignation calls are mounting, and the calls are for Department of Interior and Local Government (DILG) Secretary Jesse Robredo and Secretaries Ricky Carandang and Herminio Coloma of the Presidential Communications Development and Strategic Planning Group, saying they should take responsibility for the fatal blunders in handling the hostage crisis last Monday and do the decent thing, which is to resign.

Albay Rep. Edcel Lagman, House minority leader, said the Aquino government failed in solving the hostage crisis that left more than eight dead. The hostage taker was also killed. 

He called for the voluntary resignation of these secretaries and for President Aquino to fire them, if they do not resign.
“Robredo failed to take full control of the situation and did not immediately respond to the scene of the crisis which lasted 11 hours,” said Lagman. “Carandang and Coloma failed to rein in media practitioners from broadcasting live police rescue operations.Neither a postmortem of the tragic hostage-taking fiasco nor a contrite presidential apology will be enough if the heads of high ranking responsible officials are spared.”

“The Aquino administration failed miserably, leading to the death of 9 hostages,” Lagman said at a press conference yesterday at the executive offices of the House minority bloc. The hostage-taker, former police senior Inspector Rolando Mendoza, was also killed by a police sniper..... MORE

SourceThe Daily Tribune

URL: http://www.tribuneonline.org/headlines/20100826hed1.html


Jinggoy wants tricycles be exempted from road user’s tax 08/26/2010

Jinggoy wants tricycles be exempted from road user’s tax


08/26/2010
Senate President Pro Tempore Jinggoy Estrada pushed yesterday for the exemption of “motorcycles for hire with sidecar,” or commonly known as ordinary passenger tricycles, from the Motor Vehicle User’s Charge (MVUC).

Estrada filed Senate Bill 2416 which seeks to amend Republic Act (RA) 8794 to exempt tricycles from the coverage of MVUC or the road user’s tax.

RA 8794 imposes a motor vehicle user’s charge on owners of all types of motor vehicles upon registration, whether for hire or for private use, including government motor vehicles.

The said tax collection is used to ensure the adequate maintenance and improvement of national and provincial roads through sufficient funding..... MORE

SourceThe Daily Tribune

URL: http://www.tribuneonline.org/nation/20100826nat3.html

Noy gets bashing from Facebook fans By Aytch S. de la Cruz 08/26/2010

Noy gets bashing from Facebook fans


By Aytch S. de la Cruz
08/26/2010
President Aquino’s so-called popularity appears to be taking a direct hit from the hostage tragedy as angry Facebook fans spilled their anger on Aquino’s official Facebook page, reducing the President to air an appeal for a stop to the bashing of his and his government over the hostage crisis that left eight foreigners dead.

But his Facebook plea triggered more condemnation.

Aquino’s official Facebook page, which he had set up to promote transparency in government, has been swamped with angry comments, from barbs against bungling policemen to calls for him to quit.

“We have heard and read a lot of opinions from the public, even from foreigners that were affected,” Aquino said on Facebook.

“We appeal to everyone to stop needless arguments. Let us show everyone that we, Filipinos, know how to respect and understand.”

The message triggered varied replies on the page, with some expressing support but many others dismissing it outright. from the public, even from foreigners that were affected,” Aquino said on Facebook.... MORE

SourceThe Daily Tribune

URL: http://www.tribuneonline.org/headlines/20100826hed2.html


Tourist bus siege review body formed By Benjamin B. Pulta and Aytch S. de la Cruz 08/26/2010

Tourist bus siege review body formed


By Benjamin B. Pulta and Aytch S. de la Cruz
08/26/2010
A senior official of the Department of Justice (DoJ) has announced the formation of a new ad hoc inter-agency incident review committee (IIRC) to investigate the Quirino Grandstand hostage drama last Monday.

DoJ officer-in-charge Jose Vicente Salazar yesterday said the committee aims to look into logistic, operational and administrative problems that led to bloody end of hostage taking in Luneta by a disgruntled policeman.

“There will be a dual objective, the first one would be to determine (what really happened in) that particular incident, that is why we have two timelines for the committee, this is just a proposal of course and we intend to also examine the institutional problems which might have contributed to the incident,” he added.

Salazar said representatives from the inter-agency composed of DoJ, Department of Interior and Local Government (DILG), Philippine National Police (PNP) and the National Bureau of Investigation (NBI) conducted an initial meeting on Tuesday night to deal with concerns on the hostage drama. 

“There was already an initial report given to the Justice secretary (Leila de Lima) and she transmitted it to the President and by this evening (Wednesday), we are going to have a meeting, the first meeting not as ad-hoc but this time as the incident review committee at the DILG office,” he added.

“There is going to be a technical working group composed of less senior officials from the different members of this particular committee. The chairman of this committee will be the DILG secretary, the vice chairman will be the DoJ secretary. We will also have as members the PNP-Internal Audit Division, PNP chief (Director General Jesus Verzosa), and lastly would be the NBI director (lawyer Magtanggol Gatdula),” Salazar said.... MORE

SourceThe Daily Tribune

URL: http://www.tribuneonline.org/headlines/20100826hed3.html


Senate expects to uncover more SSS execs’ fat pays By Angie Rosales 08/26/2010

Senate expects to uncover more SSS execs’ fat pays


By Angie Rosales
08/26/2010
The Senate expects to unearth more excessive bonuses and perks of top executives from Social Security System (SSS) on top of the reported P127 million in windfall they received from that sales of stocks in a mining corporation, as the Senate finance committee digs deeper into its ongoing probe on at least nine other private corporations where SSS officials sat as board members. 

Finance committee chairman Sen. Franklin Drilon yesterday sought the submission of documents and information on the other seats being held by SSS officials in time for today’s resumption of the inquiry into the alleged excessive and unwarranted salaries, allowances and other emoluments of some officials in government-owned and controlled corporations (GOCCs).
In a letter to the executives of these firms where the SSS has some investments, Drilon hopes to get the names of all commissioners or the representatives of the state fund in some companies it has investments in for the past three years, including committees, if any.

The senator likewise asked for a list of all benefits they received during the period including the amount of salaries, allowances, dividends and profit-sharing.

Drilon also inquired on the number of stocks acquired by each SSS representative, by virtue of a stock option plan, if any, and the corresponding price at which such options were exercised.... MORE

SourceThe Daily Tribune

URL: http://www.tribuneonline.org/headlines/20100826hed4.html


SolGen calls for SC lifting of TRO on tollways VAT By Benjamin B. Pult 08/26/2010

SolGen calls for SC lifting of TRO on tollways VAT


By Benjamin B. Pult
08/26/2010
Lawyers for the government have formally asked the Supreme Court (SC) to lift the temporary restraining order (TRO) it issued against the imposition of a 12-percent value-added tax (VAT) on toll way charges issued last Aug. 13 by the high court.

The tribunal had stopped the VAT imposition three days before the government was supposed to start the implementation.
In a 65-page comment, Secretary Cesar Purisima of the Department of Finance (DoF) and Commissioner Kim Henares of the Bureau of Internal Revenue (BIR) said “to stop the much needed implementation of a valid tax law is to ignore the legal truism that taxes are the lifeblood of the government.” and added the VAT law and its reforms “should not end on paper” and that “the success of the fiscal measure depends on a large degree on its implementation.”

“Needless to say, a cold response to VAT on tollways and a ‘tunnel-vision’ approach in its enforcement are the last things a fiscally deficient nation needs,” Purisima and Henares added.

Former Nueva Ecija Rep. Renato Diaz and former Assistant Secretary Aurora Ma. Timbol of the Department of Trade and Industry said the imposition of VAT on toll is unconstitutional.... MORE

SourceThe Daily Tribune

URL: http://www.tribuneonline.org/headlines/20100826hed5.html


Noy House allies archive bills on deferment of village polls 08/26/2010

Noy House allies archive bills on deferment of village polls


08/26/2010
It’s final. The barangay and Sangguniang Kabataan (SK) elections will push through as scheduled on October 25.

This, after Congress bowed to President Aquino’s request to pursue the conduct of the polls in October this year.
Aquino announced this development at a news briefing with Malacañang reporters yesterday.

The confirmation came after the House committee on suffrage and electoral reforms also on Wednesday dismissed and archived all bills and resolutions of the minority bloc to suspend the barangay and SK polls.

“I appealed to members of the ruling coalition in both chambers to support us in our drive to continue with what has already been scheduled by the pertinent law and that is the conduct of barangay and SK elections by October of this year. And that was again a primary appeal that they have acceded to,” the President said.

He stressed that “without the renewed mandate the support of the populace essential in attaining success of thes objectives will be severely put to the test.”... MORE

SourceThe Daily Tribune

URL: http://www.tribuneonline.org/headlines/20100826hed6.html





Big blackeye EDITORIAL 08/25/2010

Wednesday, August 25, 2010

Big blackeye



EDITORIAL
Click to enlarge
08/25/2010
Forget tourism in the country — not after the Philippines, more specifically, the nation’s capital, Manila, has earned a big blackeye not only in Hong Kong but in the world, after the bungling of police authorities of the hostage situation that left eight persons dead.
Maybe government can also forget foreign investments, with the perception strengthened that even Manila is a most dangerous place, not just for tourists and expats, but also for business.

Even worse is the portrait of a Philippine president who remained silent for hours on end, and long after the hostage situation ended in a carnage, along with the fact that Hong Kong Chief Executive Donald Tsang had openly complained that he had been unable to reach Noynoy Aquino all of yesterday, which was the time that the former policeman held the Hong Kong tourists hostage, and long after the carnage.
It was only early Tuesday morning, shortly after midnight hours after the carnage that word was heard from Noynoy, expressing his “sorrow.”

Why did it take that long for Noynoy Aquino, President of the Republic, to react? Why did he make himself unavailable to the Hong Kong leader at such a time when assurances from the highest Philippine official were essential?

He could have proved himself to be a competent leader, giving full attention and direction to his officials in ensuring that the hostages are the prime consideration, given the crisis situation.

Aquino claimed belatedly, that he did not come out immediately because he still waited for information from the ground. But he is President, and could have been informed every step of the way. The presidential explanation is lame... MORE

SourceThe Daily Tribune

URL: http://www.tribuneonline.org/commentary/20100825com1.html


Blunders and more blunders FRONTLINE Ninez Cacho-Olivares 08/25/2010

Blunders and more blunders



FRONTLINE
Ninez Cacho-Olivares
08/25/2010
One of the biggest diplomatic blunders made by Noynoy Aquino was his clear evasion of speaking with the Hong Kong leader, Donald Tsang, while the hostage taking incident where Hong Kong nationals were taken hostage by a sacked police officer in a bus, and even after the hostage crisis ended in a bloodbath.
Tsang, at a press conference in Hong Kong, let out publicly that he could not reach Noynoy Aquino, President of the Philippines all that time.

It is evident that Noynoy deliberately avoided speaking with Tsang, or for that matter, any high Chinese official, because it is de rigeur that in such incidents, the line, or Palace hotline, is always open between two government high officials in crisis situations where both countries or their citizens are involved.

In fact, protocol dictates that when such situation arises, and since this happened in the Philippines, Noynoy should have initiated the call to his counterpart, in this case, Tsang, as Hong Kong is a special autonomous region.

Was there no one in Malacañang — or even in the Department of Foreign Affairs (DFA) to advise Noynoy of this protocol?
Not only did Noynoy not get in touch with Tsang, but that he also clearly evaded the calls of Tsang..... MORE

SourceThe Daily Tribune

URL: http://www.tribuneonline.org/commentary/20100825com2.html


A day in the life of a Mogadishu ambulance driver FEATURE 08/25/2010

A day in the life of a Mogadishu ambulance driver



FEATURE

08/25/2010
MOGADISHU — In a city where so much time and energy is spent on killing, few people have saved more lives this year than Hassan Mohamoud Mohamed, a taxi-turned-ambulance driver in war-torn Mogadishu.

When the muffled blast of a mortar round echoes in the distance or the thunder of artillery fire erupts, Hassan slurps up his tea and stares at his mobile phone.

He knows a fateful call is probably minutes away.

“The days I would wait for Western tourists at Mogadishu airport are long gone,” said the 51-year-old, propped against his beat-up Toyota minivan.

Three years of fighting between Islamist insurgents and pro-government forces have turned central Mogadishu into a death trap that kills and maims civilians almost daily.

“Now I pick up my clients from pools of blood in shattered homes. Needless to say they don’t pay the fare,” he said. His pay is $3 a day, barely enough to feed him and his family.

Blood is now what ties Hassan to what is left of his native city, a place once known for its cafes, Italian architecture and pleasant tree-shaded avenues.

Even when on standby he spends much of his time hosing blood from the back of his ambulance or scrubbing it off his rusty stretcher.... MORE

SourceThe Daily Tribune

URL: http://www.tribuneonline.org/commentary/20100825com3.html


Ex HE SAYS Aldrin Cardon 08/25/2010

Ex



HE SAYS
Aldrin Cardon
08/25/2010
It was only on May 8 when Italy (where the Vatican, home of the Pope, leader of the largest religion in the world, resides), held its first divorce fair, with the aim of providing life coaching, beauty tips, tips on getting rid of former spouses who turn to stalkers, and helping couples with legal proceedings to start afresh.
Punto e a capo (if my Italian is correct), that what “ex” means: to start afresh; to turn a new leaf, or a new page; or to make it ever simpler, period!

Each life deserves a second chance, and many chances even, and 130,000 couples in Italy took the route in 2007 when they either split up or divorced, a rather insignificant number for a county with approximately 60 million people.
Organizer of the fair told media Italians are “not very used to divorce,” as it was only made legal in 1970, with much opposition from the Catholic Church. But it was made into a law, anyway.

Only recently, an effort to re-introduce divorce in the Philippines was made by Gabriela, a party-list group championing women’s rights and welfare. Although there is no sense of urgency in Gabriela, its persistence remains in pushing divorce in the Philippines, which is the only country left in the world without a divorce law, the other being Malta, although we could say its devotion to the Catholic faith is not different from the Italians.... MORE

SourceThe Daily Tribune

URL: http://www.tribuneonline.org/commentary/20100825com4.html


Sticky issue SHE SAYS Dinah S. Ventura 08/25/2010

Sticky issue



SHE SAYS
Dinah S. Ventura
08/25/2010
When one gets married, the premise is “forever.” Ideally, a man asks a woman to marry him because he wants to spend the rest of his life with her. She agrees because she feels the same way. This is why an engagement is often sealed with a diamond ring — diamonds being the strongest rock, and the circular band holding it signifying an endless union.

Symbolism aside, a marriage can fail just as it can succeed. The partnership between two persons is vulnerable to many factors, which can whip the relationship and sometimes tear it to shreds. Every couple has different experiences, but as the Catholic Church teaches us, man and wife must work on the marriage, through its ups and downs, through sickness and health, for richer and poorer, till death.

That is the vow we make before our God when we marry. This is why couples must reflect long and hard before taking the plunge — for a plunge it is, into unknown realms. For many, it blooms and prospers. Unfortunately, for some it fizzles and dies. In some cases, vows do get broken — promises to love and cherish are not kept, circumstances and people change, love fades. 

But is divorce the answer?... MORE

SourceThe Daily Tribune

URL: http://www.tribuneonline.org/commentary/20100825com5.html


Taiwan’s Cold War spy pilots lift veil on secret missions focus 08/25/2010

Taiwan’s Cold War spy pilots lift veil on secret missions



focus

08/25/2010
HSINCHU — For weeks after narrowly escaping two Chinese missiles, Chuang Jen-liang would wake up at night bathed in sweat, but the Taiwanese spy pilot could talk to no one about his missions.
Only now, more than four decades later, is 73-year-old Chuang able to speak out about his harrowing experiences, as Taiwan is lifting the veil on one of its most closely guarded secrets of the Cold War.

This brings credit to Chuang and other veterans of the 35th “Black Cats” Squadron who flew at altitudes of more than 20,000 meters (65,000 feet) to gather intelligence about the Chinese, risking their lives each time.

“I doubt if I’d be so lucky if I had to go through all this again,” said Chuang, who now lives in an apartment in north Taiwan’s Hsinchu city.

The elite Black Cats, who were operational from 1961 until 1974, flew the legendary U-2 airplane, dubbed “Dragon Lady” and a crucial intelligence tool at the time.

That made the squadron a key element in the intelligence relationship between the US government and Taiwan’s Nationalist rulers, who had fled the mainland in 1949 after losing a civil war to the communists..... MORE

SourceThe Daily Tribune

URL: http://www.tribuneonline.org/commentary/20100825com6.html


Israeli guides rediscover Bethlehem after 10-year absence FEATURE 08/25/2010

Israeli guides rediscover Bethlehem after 10-year absence



FEATURE

08/25/2010
BETHLEHEM — Israeli Moshe Gabai, 27, admits he has mixed feelings leading tour groups through Bethlehem. Until recently, he had only been to the occupied West Bank on military patrols.
“When you drive through the streets you see pictures of terrorists, of ‘martyrs’ who blew themselves up,” he says.

On the other hand, he also meets more and more Palestinians who are interested in closer ties with Israelis.
Since the start of the second Palestinian uprising, or intifada, in 2000, the military has barred Israeli citizens from all parts of the West Bank that are controlled by the Palestinian Authority (PA).

But following a long period of calm in the region, the army has now begun to relax some of the restrictions.

In July, some 50 Israeli guides and bus drivers were given permits to take tour groups to the biblical city of Bethlehem and to Jericho, which is known as the longest continuously inhabited city and the lowest on Earth.... MORE

SourceThe Daily Tribune

URL: http://www.tribuneonline.org/commentary/20100825com7.html


Noy inaccessible throughout crisis — HK’s Tsang 08/25/2010

China demands answers on hostage murders

Noy inaccessible throughout crisis — HK’s Tsang


08/25/2010
President Aquino committed a huge diplomatic blunder by making himself inaccessible and unavailable to Hong Kong’s chief executive Donald Tsang all throughout the 12-hour hostage crisis.

Aquino remained silent all throughout the crisis, even after it was known that eight Hong Kong tourists were killed by the lone gunman, a disgruntled and sacked bemedalled policeman.

Aquino finally made an appearance after midnight, or Tuesday early morning, when he called for a press conference and extended his condolences to the relatives of the victims.

Protocol demands that when such crisis occurs, the host country (Philippines) initiates a call to the other country, in this instance, Hong Kong’s special region, to keep an information flow on the crisis going.

Instead, Aquino made himself unavailable to Chinese leaders. “The way it is handled — particularly the outcome — is very disappointing,” Tsang told reporters late Monday as he bared it at a press conference in Hong Kong, while expressing his deep disappointment in the Philippine government’s handling of the hostage crisis.

China demanded answers Tuesday from the Philippines after a 12-hour hostage drama in the heart of Manila ended with eight... MORE

SourceThe Daily Tribune

URL: http://www.tribuneonline.org/headlines/20100825hed1.html


Show of police incompetence live on worldwide TV 08/25/2010

Show of police incompetence live on worldwide TV


08/25/2010
Nearly everything was wrong with the way the police handled the hostage crisis last Monday, according to regional security experts who were baffled and angered by the show of incompetence live on worldwide television, including the lone gunman monitoring ill-coordinated police operations.

Rolando Mendoza, 55, a sacked police officer demanding to be cleared of corruption charges, was finally felled by a sniper’s bullet after chaotic scenes among security forces outside a tour bus he had commandeered.

Eight tourists from Hong Kong lay dead or were fatally shot by the time the police seized control of the bus after a 12-hour standoff, during which the hostage taker also spoke by mobile phone with local radio stations.

“The fact that there was essentially live video was mistake number one,” said assistant professor John Harrison, a homeland security analyst at the Nanyang Technological University in Singapore.

He said there should have been a media blackout to deny the hijacker feedback on what was going on around him.
Instead, he was able to follow events, including frenzied speculation by serving and former police chiefs appearing on local broadcast networks, via the bus’s internal TV.

President Aquino, who took his oath of office on June 30 at the historic Rizal Park grandstand complex where the incident unfolded, has defended the police but ordered an investigation.... MORE

SourceThe Daily Tribune

URL: http://www.tribuneonline.org/headlines/20100825hed2.html


Hijacker once model policeman 08/25/2010

Hijacker once model policeman


08/25/2010
Rolando Mendoza’s crazed quest to restore his reputation as one of the Philippines’ best policemen came to a gory end with his bullet-riddled body slumping out of a tourist bus he had hijacked.

One of his sharp-shooting former colleagues shot him in the head on Monday night, ending a 12-hour ordeal that began when Mendoza took hostage a busload of Hong Kong tourists in a bid to exonerate himself from extortion charges.

Dressed in army fatigues, a pistol in his hand, a knife on his waistbelt and an assault rifle slung over his shoulder, Mendoza forced his way onto the bus in a desperate bid to raise awareness about his two-year personal campaign.

In conversations with radio and television stations during the standoff, 55-year-old Mendoza repeatedly claimed he was not given a fair hearing by his superiors when he was discharged from the force. But as the siege dragged on he apparently realized he was doomed.

“What is the use of living? I will just waste my life now,” Mendoza said, but even then he remained defiant, warning he would kill his hostages one by one if his demands were not met.

Mendoza was last photographed alive on the open bus door with his receding hairline framing a grave face, a blue shirt underneath his unbuttoned army shirt and a long knife hanging off his belt.... MORE

SourceThe Daily Tribune

URL: http://www.tribuneonline.org/headlines/20100825hed3.html


GMA whistle-blowers to spill more beans; SC sets orals on truth body By Benjamin B. Pulta 08/25/2010

GMA whistle-blowers to spill more beans; SC sets orals on truth body


By Benjamin B. Pulta
08/25/2010
Forgotten whistle-blowers who braved the ire of the Arroyo administration have formally asked for admission into the Department of Justice (DoJ)’s witness protection program as they offered their services to the truth commission formed by Malacañang to look into the excesses of the previous administration.

At an impromptu press briefing at the DoJ press office, the Whistle-blower’s Association led by Sandra Cam who ealier exposed Arroyo’s alleged “jueteng links” urged President Aquino to honor his campaign promise to protect those who will spill the beans on Arroyo’s alleged criminal past.

Aquino reiterated his promise to pass legislation to protect whistleblowers during his state of the nation address.
Cam, who stands as the group’s leader, pointed out that while she personally would not want any assistance from government, other whistleblowers who came out to denounce such scandals as the multi-billion peso fertilizer scam and the Hello Garci wiretap scandal are now financially bankrupt after they were practically cashiered in their respective careers.... MORE

SourceThe Daily Tribune

URL: http://www.tribuneonline.org/headlines/20100825hed4.html


NPAs kill 5 Army troopers, wound 1 By Mario J. Mallari 08/25/2010

NPAs kill 5 Army troopers, wound 1


By Mario J. Mallari
08/25/2010
Five Army troopers were killed while another one was wounded after communist New People’s Army (NPA) rebels assaulted a military outpost in Agusan del Sur province early morning yesterday.

The attack came as a baptism of fire to newly installed Army 4th Infantry Division (ID) chief Maj. Gen. Victor Felix who has jurisdiction over the NPA-infested Agusan del Sur.

Quoting reports from the field, Felix said that more or less 30 fully-armed communist rebels from the Guerrilla
Front-3 of the NPA’s Southern Mindanao Regional Party Committee started harassing the Army’s 26th Infantry Battalion’s (IB) security outpost in Barangay La Fortuna, Veruela town at around 1:45 a.m.

Reports showed the NPA rebels managed to close in on the Army outpost, which is just 100 meters away from the main command post of the 26th IB.... MORE

SourceThe Daily Tribune

URL: http://www.tribuneonline.org/headlines/20100825hed5.html


Neri, SSS execs received P127-M perks over 3 yrs By Angie M. Rosales 08/25/2010

Neri, SSS execs received P127-M perks over 3 yrs


By Angie M. Rosales
08/25/2010
Former Social Security System (SSS) president Romulo Neri, along with some top executives of the agency allegedly appropriated for themselves bonuses and other incentives totaling more than P127 million over three years based on data provided the Senate in relation to its current probe into excessive compensations given to officials of government-owned and -controlled corporations (GOCCs).

Of the amount, one SSS executive, outgoing chairman Thelmo Cunanan got an estimated P85 million in bonuses and allowances during the same period, Sen. Franklin Drilon said yesterday.

Senate probers cited the likelihood that these officials will face criminal liability for the apparent abuse they committed in managing the workers’ trust funds.

It was the turn of SSS officials to be grilled by the finance committee chaired by Drilon as the panel resumed its inquiry on the reported fat salaries and excessive perks of executives in some GOCCs.

The bulk of the amount came as compensation for sitting in the board of Philex Mining Corp., representing the state fund which has investments in the mining firm.

Neri, who appeared in the hearing was found to have received almost P12 million for exercising stock options in Philex while he sat in the board of the firm from 2007 to March this year. Neri insisted, however, that he and the other SSS officials in Philex are entitled to the compensation adding that there is no law that required them to remit it to the agency “and is declared as our personal (income).”... MORE

SourceThe Daily Tribune

URL: http://www.tribuneonline.org/headlines/20100825hed6.html




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