Sunday, May 23, 2010

Sen. Benigno “Noynoy” Aquino lII - win presidential race

MANILA, Philippines- Sen. Benigno “Noynoy” Aquino III, with eighty percent vote count is most likely winner of the presidential race following his wide lead in tallies from the Commission on Elections. The Comelec, is the declaration board for the senatorial and party list elections has the results of the presidential and vice presidential elections but has decided to stop making public tallies at 80 percent of the votes in deference to Congress as the canvassing board.The recent visit of US Ambassador Henry Thomas to Aquino’s home signal that the US wants no delay in his proclamation said Senate Minority Leader Aquilino Pimentel Jr. yesterday.

First to extend their congratulations was Spanish Prime Minister Jose Luis Rodriguez Zapatero on May 14, wishing Aquino success during his presidency. He also assured him of Spain's readiness to cooperate with Aquino’s administration.

Second to extend congratulation,on May 17, Chinese Ambassador Liu Jianchao extended “warmest congratulations” and said China would be “re-energized” to work with Aquino’s “focused and capable leadership” in advancing its “strategic relationship” with the Philippines.

Last Friday, US Ambassador Thomas called on Aquino at his residence on Times Street in Quezon City and extended his “maligayang bati (best wishes).”

In Second slot is at lead vice presidential candidate Jejomar Binay yesterday said that unlike Aquino, he is not expecting any diplomatic visitor at this point.“I am out of their (US) radar, they thought I will not win this election,” Binay said, adding that he is ready to take his oath and assume office now that the Commission on Elections (Comelec) has counted 99 percent of election returns.

Binay, has declined to comment on reports implicating him in the so-called “Koala Boy” controversy, referring to the masked witness who surfaced recently to claim involvement in alleged massive cheating during the elections.

Tuesday, May 18, 2010

FDI in the India defense sector

FDI in the India defense sector
Nksagar: New Delhi- May 18,2010:FDI to be subject to licensing provision. India at present, 26 per cent FDI is allowed in defence sector.There is move to enhance the provision to rope in more technology and state of art and to achieve this target it is appropriate to extend the limit of Foreign investment in this sector.

The Industry Ministry, which proposed 74 per cent FDI in the defence sector, has said even 100 per cent foreign investment would be "desirable" for the country to have latest technology for armed forces."In case if we really want to have the state of art technology, we have to permit anything above 50 per cent if not 100 per cent.
It may be therefore, desirable to allow either 100 per cent or 74 per cent (FDI) as in the telecom sector," the discussion paper of the Department of Industrial Policy and Promotion (DIPP) on the issue has said.

The DIPP allayed concerns that the national security could be compromised by removing the ceiling on the FDI in the sensitive sector.
In any case, FDI would be subject to licensing provision. At present, 26 per cent FDI is allowed in defence sector."Since there is licensing provision in the defence sector we can refuse to permit FDI in the sector by refusing the licence where the background of the company is suspected," the paper said.
Besides, the security concern can be met by imposing a condition that "the government has a right to expropriate a manufacturing facility in case there is need to do so due to the exigencies of national security, by payment of suitable compensation".

Experts, however, have cautioned against the proposal."Allowing 74 per cent FDI looks desirable in the non-strategic sector, the (Industry) Ministry will have to be cautious while allowing it in the strategic sector as foreign players will have control over these companies," Observer Research Foundation (ORF) Senior Research Fellow and Defence Analyst Deba Mohanty said.

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Laura Chinchilla sworn President of Costa Rica

Laura Chinchilla sworn President of Costa Rica

2010-05-09 05:05:26 - Nksagar :
San Jose, May 9 Laura Chinchilla is sworn in as the first woman president of Costa Rica. She has pledged to bring more peace and quality education in the country. Chinchilla sworn in at 11.39 a.m. local time (1739 GMT) Saturday, as she put on the presidential sash, at a ceremony in the capital city of San Jose.Two new vice presidents were also sworn in Saturday.

Chinchilla on assumption of office first signed an executive decree that places a moratorium on open-pit gold mining in the country.The decree suspends “indefinitely” the “exploration, extraction and processing of the materials extracted through the use of cyanide and mercury.”The new decree also repeals an executive order issued on March 18, 2008, by her predecessor, Oscar Arias, that established an
“environmental safeguard” for mining in the country and laid out the basic environmental ground rules for the activity in Costa Rica.

Chinchilla, in her Presidential acceptance speech, promised to work with all of Costa Rica’s political spectrum and citizens.“Leadership consists in crafting agreements. Costa Rica is our shared home and no one should seek a monopoly on the truth,” she was quoted as saying by Xinhua.The president said she would raise the nation’s education budget.“We will work as a team for more peace in Costa Rica, with more police so that Costa Rica’s children are free to enjoy the fruits of liberty,” Chinchilla said.“We will also work to make Costa Rica more competitive, but also to make sure that the achievements of some do not conflict with the rights of others,” she said.

Presidents of Mexico, Colombia, Ecuador, Georgia, Panama, Guatemala, Honduras, El Salvador, Nicaragua and Spain’s crown prince Felipe attended the ceremony.

Chinchilla won the presidential election Feb 7, 2010 with 46.8 percent of votes. Her term runs till 2014.Chinchilla also signed into law the creation of a national anti-drug commission. According to the decree, the commission will be in charge of combating drug trafficking and reducing the consumption of illegal substances in Costa Rica.
Posted by Nksagar at 7:14 PM

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