Wednesday, April 29, 2015

Death Execution just Suspended: Why Mary Jane Veloso got last-minute reprieve

Null  Widodo said Mary Jane Veloso's execution is just postponed. - image: pinoy-ofw.com

Why Mary Jane Veloso got last-minute reprieve 

by Nick Perry, Agence France-Presse Posted at 04/29/2015 3:18 AM | Updated as of 04/29/2015 5:00 AM

Indonesia early Wednesday executed eight drug convicts, including two Australians, by firing squad but a Filipina was spared at the 11th hour, local reports said.

Defying a firestorm of international criticism and heartrending pleas by relatives, authorities put the seven foreigners and a local man to death after midnight Tuesday (1700 GMT), the reports said.

However the Filipina, Mary Jane Veloso, was spared after someone suspected of recruiting her and tricking her into carrying drugs to Indonesia turned herself in to authorities in the Philippines, MetroTV and the Jakarta Post reported.

Eight convicts -- two Australians, one from Brazil and four from Africa, as well as the Indonesian -- were put to death on the high-security prison island of Nusakambangan, the reports said.

In Indonesian executions, convicts are led to clearings just after midnight, tied to posts and then giving the option of kneeling, standing or sitting before being executed by 12-man firing squads.

President Joko Widodo has been a vocal supporter of the death penalty for drug traffickers, claiming Indonesia is facing an emergency due to rising narcotics use.

He has turned a deaf ear to appeals from the international community led by United Nations chief Ban Ki-moon.

In an 11th hour bid to stop the executions, the European Union, Australia and France warned in a joint statement late Tuesday the move would have an "impact on Indonesia's position in the world and its international reputation".

Anguished visits

In the hours before the convicts were put to death, there was a flurry of activity as ambulances carried coffins to the island, and relatives made final anguished visits to their loved ones.

Relatives of Myuran Sukumaran and Andrew Chan, the Australian ringleaders of the so-called "Bali Nine" heroin trafficking group, wailed in grief as they headed to the island, and one relative collapsed amid a huge scrum of journalists.

"I am asking the government not to kill him. Call off the execution. Please don't take my son," said Sukumaran's mother Raji, in a tearful plea after visiting him.

Chan, who like Sukumaran is in his 30s, married his Indonesian girlfriend in a jailhouse ceremony with family and friends on Nusakambangan on Monday, his final wish.

The news of the temporary reprieve for Veloso, who claims she was duped into smuggling drugs into Indonesia by international drugs syndicates, comes after a huge campaign to save her in the Philippines.

President Benigno Aquino had urged Widodo on the sidelines of a summit this week to grant her clemency.

'Unspeakable grief'

Australia had mounted a sustained campaign to save its citizens, who have been on death row for almost a decade.

Ahead of the executions, Foreign Minister Julie Bishop Tuesday criticised Indonesia's "chaotic" handling of the execution arrangements.

The families "do deserve respect and they do deserve to have dignity shown to them at this time of unspeakable grief", she told the Australian Broadcasting Corporation.

In Sydney late Tuesday about 300 supporters of the Australian pair held a vigil, with several people displaying signs calling for the Indonesian president to show mercy.

The execution of the Brazilian convict, Rodrigo Gularte, has also generated much criticism in his homeland, with his family saying he should not face the firing squad as he has been diagnosed with schizophrenia.

Three of the African traffickers are confirmed as being from Nigeria. However it is not clear whether the fourth holds Ghanaian or Nigerian nationality.

A Frenchman was originally among the group set to be executed but was granted a temporary reprieve after authorities agreed to allow an outstanding legal appeal to run its course.

Jakarta executed six drug convicts, including five foreigners, in January sparking an international storm as Brazil and the Netherlands -- whose citizens were among those put to death -- recalled their ambassadors.

Thursday, April 9, 2015

Philippine Economy is the Strongest in the World - Findings of Washington USA Think Tank



Philippines has most resilient economy – study


(CNN Philippines) — Should an economic crisis akin to last decade's Great Recession happen again, the Philippines would be the most "resilient" country and be able withstand it, despite its status as an emerging-market economy.

That's the assessment of Center for Global Development (CGD), a think tank based in Washington, D.C.

It's not that hard to imagine another financial crisis happening: Growth in China — the world's second largest economy — has slowed, the United States' bull market hasn't had a correction since 2011, and in the Eurozone, debt-ridden Greece has yet to strike a deal with its creditors.

Economist Liliana Rojas-Suarez of the CGD recently created a "resilience indicator" that measures the vulnerability of an economy to future financial shocks.

Her metric looks into several economic indicators that fall under two categories:
  • a country's ability to withstand external shocks 
  • government's ability to "rapidly" implement policies that counteract the effects of such shocks 
"I compare the values of the identified variables in 2007 (the preglobal financial crisis year) with the respective values at the end of 2014," she said.

Rojas-Suarez explained: "A country is said to be highly resilient to adverse external shocks if the event does not result in a sharp contractions of economic growth, a severe decline in the rate of growth of real credit and/or the emergence of deep instabilities in the financial sector."

Of the 21 countries she studied, Rojas-Suarez ranked the Philippines as the most resilient economy, ahead of South Korea and China, which fall at second and third, respectively.

Rojas-Suarez found that the Philippines posted a strong improvement in its indebtedness. The debt indicators had substantial influence over the country's ranking.

For example, she points out that the country cut in half its external debt to GDP ratio "from around 40 percent in 2007 to around 20 percent in 2014." This figure stands in stark contrast with most whose ratios are "without significant changes" within that same time period.

She also cites the country's lower government debt to GDP ratio which stood above 40% in 2007, and subsequently shrank to below that figure in 2014.

Likewise, the country also stood out because of its improved inflation performance in 2014 relative to 2007. Rojas-Suarez pointed out that inflation rates have been within the government's targets.

Latin American countries did not do well in the study: "Four of the six Latin American countries in the sample have deteriorated their positions in the ranking. This includes Argentina, which now holds the last position. "

Apart from "bad luck in terms of unfavorable trade," Rojas-Suarez explained that such countries ranked lower because of "the squandering of opportunity to implement needed reforms in the good post-crisis years."

Her study ultimately affirms a long-running cliché: An ounce of prevention is better than a pound of cure.

"Policy decisions taken in the precrisis period played a major role in explaining a country's macroeconomic performance during the global economic crisis (of last decade)," explained Rojas-Suarez.

"[I]nitial conditions at the onset of a severe adverse external shock matter a lot. The good news is that, besides the commodity price shock, the most feared external shock: a sudden rise in interest rates in the US has not (yet) materialized. Time is still on the side of emerging markets’ authorities." - CNN

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