OFW Filipino Heroes

Thursday, June 30, 2011

Philippines officials and most filipinos Hail the Performance of President Noy Aquino

Stressing that he is not used to praising himself, President Benigno S. Aquino III refused to give himself a performance grade as he marked his first 12 months in Malacañang Thursday.

He, however, drew praises from his officials.

Instead of grading himself, the President claimed his biggest achievement was that apathy of the people has been replaced by a renewed partnership with the government.

“My greatest achievement is the transformation in the attitude of the people. If there were resignation, dejection, and apathy before, many people are now taking part so we can achieve a better country. Many people are now helping to reach our goals as soon as possible,” he said in Filipino during a press conference in the Palace.

Aquino marked his first year in office with the signing of the law postponing the election in the Autonomous Region in Muslim Mindanao (ARMM), the approval of the proposed 2012 national budget, and a launch of a campaign rallying volunteers.

His government reportedly made some progress in fighting corruption and poverty but encountered many setbacks, including criticisms of slow pace of reforms.

Before he assumed office, the President recalled that the people were indifferent to national issues because they could not expect anything from the government. People were also no longer shaken by scandals that were unearthed before, he said.

“I have listened and read in the newspapers about a passing mark etch. It seems they are asking me to be perfect and it is good that there are people who are pushing you to improve your efforts,” he said.

Asked what grade he would give his administration in its first year, Aquino said: “Hindi ko talaga ugaling magtaas ng sariling bangko. Sorry. (It’s not my attitude to praise myself. Sorry).”

While the President preferred to be silent about his performance, Executive Secretary Paquito Ochoa Jr. and Commodore Jose Miguel Rodriguez, AFP spokesman, hailed the President’s performance in his first year in office.

Ochoa noted that the government has made “significant strides” in promoting good governance, peace and justice, improved social services, and robust economic growth during its first year.

Ochoa, in an interview, said people view that the government is “performing better now than a year ago” based on recent opinion polls.

He said the government sought the swift approval of the 2011 national budget without delay using the zero-based budgeting approach. First steps were also taken “to put our house in order” as the government remains on track to meet its P325 billion deficit target or 3.9 percent of gross domestic product due to improved revenue collections and prudent spending. “We are the first administration to deal decisively with the abuses in our GOCCs (government-owned and -controlled corporations), with the passage of the GOCC Governance Act of 2011,” Ochoa said.

Ochoa likewise cited the removal of Ombudsman Merceditas Gutierrez, saying “we have, for the first time in history, held the Office of the Ombudsman accountable in the performance of its functions.” The government also showed that it will not hesitate to mete out justice when it dismissed Deputy Ombudsman Emilio Gonzalez III for mishandling a case of the slain policeman involved in the August hostage crisis in Manila as well as suspended Special Prosecutor Wendell Sulit for alleged involvement in the irregular plea bargain deal with a former military comptroller.

The government also made crucial reforms in the education sector, including free kindergarten education for Filipino children for the first time in history, according to Ochoa.

On economic development, Ochoa cited the launch of the first batch of Public-Private Partnership projects lined up for bidding in 2011. “With an estimated investment of more than a billion dollars, these projects will further boost the economy and provide opportunities for employment. Confidence in the country is also up, as shown by the country’s improved Moody ratings,” he said.

Commodore Rodriguez said the Armed Forces of the Philippines (AFP) was re-energized in the first year of President Aquino as its Commander-in-Chief.

Rodriguez said the incentives and various programs given by Aquino in just a span of one year bolstered the morale of the military organization.

Among them, he said, is the housing program, doubling of both the combat and incentive pays of every soldiers assigned to conduct internal security operations in the field.

“The AFP stands invigorated by the first year of the President’s leadership as our Commander-in-Chief,” said Rodriguez.

$ 7.5 Billion Dollars for Oil and Gas Exploration in the Philippines - A1- A15 - DoE

The government is eyeing up to $7.5 billion in investments from the 15 new oil and gas exploration areas to be offered in the fourth Philippine Energy Contracting Round (PECR 4).

During the PECR 4 launch yesterday, Energy Secretary Jose Rene Almendras said they expect an investment of about $500 million for each of the service contracts (SC) to be auctioned off in the contracting round.

The PECR 4 comprises of three onshore and 12 offshore blocks with a total area of more than 10 million hectares located in Northwest Palawan, East Palawan, and Sulu Sea basins. This year’s contracting round will be the biggest yet offered by the Philippines.

Included in the areas offered under the PECR 4 are four cancelled SCs of one oil exploration firm in Sulu Sea.

Almendras said they expect to award the SCs by early next year after allowing the prospective investors about five months to conduct their respective due diligence studies.

Among those that attended the launching of PECR 4 are: Petro Energy Resources Corp.; PNOC-Exploration Corp.; Pitkin Petroleum; Philodrill Corp.; BGP Inc.; Polyard Petroleum Int’l. Co. Ltd.; Shell Philippines Exploration BV; Star Energy; Supply Oilfield Services Inc.; Tap Oil. Ltd; Venturoil Phil. Inc.; Palawan Sulu Sea Gas Inc.; Galoc Production Inc.; Gibeon Integration Systems Pte Ltd.; Great Treasures Alliances Int’l.; Logistics Marketing Phils. Inc.; Nido Petroleum Ltd.; Norasian Energy Ltd.; Oriental Petroleum & Minerals Corp.; Chevron Malampaya Phils. LLC; China Union Global Holdings Ltd.; Forum Energy PLC; Basic Energy and One Asia Oil & Gas Corp.

According to Almendras, the contracting round is expected to attract investments in oil and gas exploration activities which will contribute to the realization of the country’s energy self-sufficiency level target of 60 percent by 2011.

So far, only 10 percent of the potential oil and gas reserves of the country has been tapped.

The PECR 4 is envisioned to address the country’s energy supply through the exploration of local indigenous resources. Harnessing local resources will help the country meet its daily demand and reduce the importation of petroleum and petroleum products.

Independent and large-scale international exploration companies that have attended previous roadshows in Singapore and Australia have also expressed interest to bid in the various blocks for offer.

Energy Undersecretary Jay Layug said the Department of Petroleum and Energy of Papua New Guinea has also expressed support to PECR 4 and will encourage investors to consider the Philippines for exploration.

Almendras said they are overwhelmed by the response of potential investors in PECR 4.

Earlier, Layug said most of the investors are eyeing areas near Northwest Palawan,specifically Areas 3,4,5 where the presence of oil and gas have already been proven. The $4.5-billion Malampaya deep water gas-to-power project is located in NW Palawan.

 

LEARN FOREX TRADING AND GET RICH

Investment Recommendation: Bitcoin Investments

Live trading with Bitcoin through ETORO Trading platform would allow you to grow your $100 to $1,000 Dollars or more in just a day. Just learn how to trade and enjoy the windfall of profits. Take note, Bitcoin is more expensive than Gold now.


Where to buy Bitcoins?

For Philippine customers: You could buy Bitcoin Online at Coins.ph
For outside the Philippines customers  may buy Bitcoins online at Coinbase.com