Land of the Morning: PH Now Creditor Status With IMF

Wednesday, February 22, 2012

PH Now Creditor Status With IMF

MANILA

WITH ITS CONTRIBUTION of $251.5 million as of December 2011, the Philippines attained a creditor status with the International Monetary Fund (IMF). [Report]

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Quotes that History Will Remember

Would the bishops rather that we keep mum or we lie about it? Would they want us to just keep quiet about this?--Aleta Tolentino, PCSO Director

We do not want to turn over another unfinished business to the next administration. It stops with us.--Teresita Deles, Presidential Adviser for the Peace Process

I believed then, as I believe now, that the court... was overly intrusive with respect to a power that does not belong to it by restrainingh without hearing a coequal branch of government.--Associate Justice Maria Lourdes Sereno, Supreme Court of the Philippines

This Court, in striking down EO 1 creating the Truth Commission, overrules the manifest will of the Filipino people to start the difficult task of putting an end to graft and corruption in government, denies the President his basic constitutional power to determine the facts in his faithful execution of the law, and suppresses whatever truth may come out in the purely fact-finding investigation of the Truth Commission... History will record the ruling today of the Court's majority as a severe case of judicial overreach that made the incumbent President a diminished Executive in an affront to a co-equal branch of government, crippled our already challenged justice system, and crushed the hopes of the long suffering Filipino people for an end to graft and corruption in government.--Senior Associate Justice Antonio Carpio, Supreme Court of the Philippines

The people's freedom to criticize the government includes the right to criticize the courts, their proceedings and decisions... And to enhance the open court principle and allow the people to make fair and reasoned criticism of the courts, the sub judice rule excludes from its coverage fair and accurate reports (without comment) of what have actually taken place in open court.--Associate Justice Arturo Brion, Supreme Court of the Philippines