Lawmaker resigns on 3rd day of 18th Congress Delon Porcalla (The Philippine Star) - July 26, 2019 - 12:00am MANILA, Philippines — A neophyte member of the House of Representatives from a new party-list organization tendered his resignation on Wednesday for still unknown reasons, which made him a congressman for only three days. The party-list group Marino announced the irrevocable resignation of its second nominee Anton Lopez. The group has two representatives in the chamber led by its first nominee Carlo Gonzalez. “The resignation is effective immediately. As his resignation is for personal reasons, it is best that we wait for him to make a statement on the matter when he is ready,” a portion of the press statement read. “We regret to see him go, but we understand that the decision is his to make. We are currently undergoing the legal process of substitution and for this … [Read more...] about Lawmaker resigns on 3rd day of 18th Congress
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Ministry preparing working paper on local government elections
KUALA LUMPUR: The Housing and Local Government Ministry is preparing a working paper on the proposal to restore local government elections to be presented to the Cabinet by the end of 2019. Deputy Minister, Senator Datuk Raja Kamarul Bahrin Shah (pix), told the Dewan Rakyat that his ministry had conducted three workshops on the feasibility of the election. “The ministry is in the midst of preparing the working paper to be presented to the Cabinet. The government needs to amend a few laws before it implements local government elections. Among them is the Local Government Election Act 1960, amended in 1991, which must be reactivated and amended. “We have to make changes to Section 10 and 15 of the Local Government Act 1976 as well. Section 10 provides for the appointment of local councillors by the state government while Section 15 relates to provisions related to local government elections ceasing to have effect. “So local government elections cannot be implemented any … [Read more...] about Ministry preparing working paper on local government elections
China rejects 3rd party in boat sinking probe
MANILA, Philippines — China has rejected a proposal for a third party investigator for the Recto (Reed) Bank incident and has insisted that the probe be conducted only by Philippine and Chinese authorities, Malacañang said yesterday. Presidential spokesman Salvador Panelo said Chinese officials had told Philippine Ambassador to Beijing Chito Sta. Romana that there is no need for a third party since the two countries can settle the issue between themselves: “Ang sabi naman nila, huwag na iyong third party. Kailangan tayo lang ang mag-usap doon.” Panelo said the Chinese made sense in arguing that if the two countries could come to an agreement, there was no need for a third party: “Para sa kanila, hindi na kailangan iyon kasi kung magkakasundo na kayo, bakit pa kayo magti-third party? Oo nga naman.” A boat with 22 Filipino fishermen sank near Recto Bank in the West Philippine Sea after it was hit by a Chinese vessel last June 9. Last week, President … [Read more...] about China rejects 3rd party in boat sinking probe
US Supreme Court blocks Trump’s census citizenship question
WASHINGTON: The US Supreme Court on Thursday (Jun 27) handed President Donald Trump a stinging defeat, ruling that his administration gave a "contrived" explanation for its plan to include a contentious citizenship question in the 2020 census in a decision that will make it difficult to add the query to the population survey.Conservative Chief Justice John Roberts wrote the 5-4 ruling and joined the court's four liberals in the majority, upholding part of a federal judge's January decision barring the question in a victory for a group of states including New York and immigrant rights organizations that had challenged the plan.Critics have called the citizenship question a Republican ploy to scare immigrants into not taking part in the decennial population count and engineer an undercount in Democratic-leaning areas with high immigrant and Latino populations. That would benefit non-Hispanic whites and help President Donald Trump's party gain seats in the US House of … [Read more...] about US Supreme Court blocks Trump’s census citizenship question
New tokens thrive in crypto market but sales raise questions
NEW YORK: Initial exchange offerings (IEOs) have been the latest darlings in raising funds for cryptocurrency projects, but intensifying regulatory scrutiny and investors' concern about the viability of the companies raising capital are flashing red flags.The emergence of IEOs - which sidestep banks and venture capital firms as a way to generate capital for new companies - is emblematic of a market which has long been trying to break free from regulation itself.Their launch as well as Facebook's plan to create its own digital currency, or token, have revived interest in a market that slumped last year amid intense regulatory focus. Already, Facebook is facing scrutiny from the U.S. Congress on the launch of the social networking company's white paper on its digital currency Libra.IEOs, which take place on exchanges, are a spin-off of initial coin offerings (ICOs), which grew in popularity in 2016 and raised nearly US$30 billion since their inception three years ago. ICOs, though, … [Read more...] about New tokens thrive in crypto market but sales raise questions