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Philippines Today

MANILA -- The Manila Regional Trial Court (RTC) has extended for 20 days the temporary restraining order (TRO) it earlier issued preventing the appointment of Atty. Amado Valdez as acting president of the Pamantasan ng Lungsod ng Maynila (PLM).
This as a restive PLM community urged Atty. Artemio Tuquero to resign as PLM president to save the university from the backlash of the invalidation of his assumption as PLM president without appointment from Mayor Joseph Estrada due to old age of 82 and failure to meet the qualifications for the post.
Ang Pamantasan, the school student publication, has published a special issue exposing the untenable positon of Tuquero. 
In a two-page order dated July 21, 2014, Manila RTC Branch 24 Presiding Judge Liwliwa Hidalgo-Bucu has extended for 17 days the TRO earlier issued by Manila RTC First Vice Executive Judge Reynaldo Alhambra, which was effective for only three days.
Because of the extended TRO, former Justice Secretary and retired Court of Appeals (CA) Associate Justice Artemio Tuquero will remain as PLM president at least for a period of 20 days.
Manila RTC Branch 24 Presiding Judge Liwliwa Hidalgo-Bucu has decided to extend the TRO after summary hearings were held on July 14 and 18, 2014 where both Tuquero and Valdez took the witness stand.

Philippine population hits 100 million

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KALIBO, Aklan -- Don't look now but the Philippine population will be officially 100 million next week.
The Commission on Population (Popcom) said it was expecting that the population reach 100 million on July 27.
The POPCOM-Western Visayas said it was anticipating that the 100th million Filipino to be born in the said date may be coming from either of the six provinces under the Western Visayas region and Iloilo City.
Popcom will award seven starter kits worth P5,000 each if a baby will be born at least around 12:06 of July 27. The said government agency has prepared at least one kit each for the six provinces and the city of Iloilo.
Among the criteria provided are: a child should be born in a government accredited hospital facility; born through normal or spontaneous delivery; parents must be a resident of the provinces in the region; and the health facility must observe Philippine Standard Time certified by the attending doctors.
Submission of name of child born on or nearest said time and date will be accommodated at the POPCOM regional office in Iloilo until August 4.

PHL foreign reserves hit $ 80.7B in June

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MANILA -- Strength of the Philippine economy continues to show in its foreign reserves, which rose to US$ 80.7 billion in June 2014.
Data released by the Bangko Sentral ng Pilipinas (BSP) on Monday showed that revaluation of the central bank’s gold holdings helped increase the country’s gross international reserves (GIR) from month-ago’s US$80.24 billion.
Price of gold in the international market was generally up last month surpassing other major asset classes partly on back of some traders’ short covering because of some negative news overseas.
Reports showed spot gold prices rose by about 9 percent last June, its highest since 2010, when it close to about US$1325 per ounce.
BSP Governor Amando Tetangco Jr. said the current level of the country’s international reserves is enough to cover 11-month worth of imports of goods and payments of services and income.
Also, it is enough to service 7.7 times the short-term liabilities of the country based on original maturity and 5.7 times based on residual 

Recipe of the week 07.09.14

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