Supreme Court Chief Justice Renato Corona yesterday said that the SC will study the economic repercussions of its decision ordering an investigation to determine if the Philippine Long Distance Telephone Co. violated the constitutional cap on foreign ownership.
"Frankly, no one mentioned about its economic implications. Our decision was purely legal," said Corona at the sidelines of the European Chamber of Commerce of the Philippines membership meeting at the New World Hotel, in Makati City.
Corona said that the economic repercussions is the reason why they set an oral argument to hear the motions for reconsideration filed by the respondents.
objectives, KMP says
The Comprehensive Agrarian Reform Program extension with reforms should be stopped, to end land monopoly and social injustices, Greg Ratin, KMP spokesperson, yesterday said at a rally in front of the Department of Agrarian Reform provincial office.
The 2nd anniversary of the signing of the Republic Act 9700 or the CARPer Law today is not worth celebrating because it has not addressed the problems of small farmers, Ratin said.
“CARPer should be immediately replaced with the genuine agrarian reform with the passage of House Bill 374 or the Genuine Agrarian Reform Bill,” adding that CARPer only granted more benefits to the landowners than to the farmer-beneficiaries, he said.
‘New SSS guidelines
to widen loan access’
The Social Security System has cut down its interest rates and relaxed its lending requirements to enable more companies to avail of its social and business loans, SSS President and Chief Executive Officer Emilio de Quiros Jr. said in a press release.
De Quiros said the agency revised its loan guidelines to give companies easier access to credit, boost employment and expand SSS membership.
"The revised guidelines allow monthly adjustments of interest rates based on prevailing market rates. Our lending programs now offer their lowest rates since the launch of our first corporate loan facility in 1988," he said.