The Manila Police District (MPD) Warrant and Subpoena Service-Criminal Investigation and Detection Group (WSS-CIDU) on Thursday afternoon served a warrant of arrest to former Secretary of Foreign Affairs Perfecto Yasay Jr at his home in Makati City.
According to a statement issued by the MPD, representative from the Bangko Sentral ng Pilipinas (BSP), Atty. Jonn Irvin Velasques appeared at their office and requested for police assistance to implement the warrant of arrest against Yasay.
The statement added that after proper coordination with the concerned police district, the team together, with Atty. Velasques proceeded to Yasay’s residence and served him the order of arrest dated March 8, 2019, issued by Judge Danilo Leyva of Manila RTC Br. 10.
The arrest warrant is for the former DFA official’s several violations of the provisions of Republic Act 8791 otherwise known as the General Banking Law, and Republic Act 7653 otherwise known as the New Central Bank Act.
Based on the information of the case, Yasay, together with five associates of the Banco Filipino Savings and Mortgages Bank conspired and aided each other in securing a loan amounting to 350-million pesos for Tierrasud Incorporated which was partly guaranteed and secured by Tropical Land Corporation.
Yasay and company allegedly failed to report such loan accommodation to the BSP.
Yasay was initially brought to the MPD for documentation and set to be transferred to CDS while awaiting commitment order from the court of origin.
On his Facebook account, Yasay denied the allegation, pointing out that he joined Banco Filipino in 2009, while the alleged crime was committed from 2003 to 2006.
He also stressed that he will not post bail until he is brought before the judge where he said he will question such act which he described as “an abuse of process” and a mockery to the justice system.
He also posted a picture of him taken by his wife while being processed for a mugshot.
Yasay served as Secretary of Foreign Affairs of the Philippines in an ad interim basis from June 30, 2016 until March 8, 2017. (with details from Lea Ylagan) /mbmf
MANILA, Philippines – The currency production facility of the Bangko Sentral ng Pilipinas (BSP) is set to be transferred to a new location in New Clark City in Capas, Tarlac, the central bank said on Friday.
In a statement, the BSP said it has signed an agreement with the Bases Conversion and Development Authority (BCDA) on Friday to formally work on the establishment of the new production facility on a 29.22-hectare parcel of land within the new government administrative center being built in New Clark City.
The memorandum of understanding (MOU) was signed by BSP governor Benjamin Diokno and BCDA President and Chief Executive Officer Vivencio Dizon.
“We are proud that the Bangko Sentral ng Pilipinas chose New Clark City as the site of its facilities. The relocation of government agencies to this future-proof and resilient metropolis brings the vision for the city of the future to life,” Dizon said.
According to Diokno, they considered several locations across Metro Manila but only the New Clark City met the BSP’s “stringent set of criteria.”
“After an exhaustive canvass of sites north and south of Metro Manila, needless to say that the New Clark City is the only one that met the requirements of the BSP—with flying colors, might I add,” he said.
“It is crucial for the BSP to maintain a currency production facility that will allow sufficient agility to meet the country’s currency requirements. The move to the New Clark City will also boost the Bank’s capacity to sustain its operations in times of calamity or natural disaster,” he added.
The central bank said its new facility is located near the access road connecting New Clark City to the Subic-Clark-Tarlac Expressway (SCTEx).
The MOU indicates that the development of the BSP offices in the new government center will be consistent with the Phase 1 development of the New Clark City within 2019 to 2022, the BSP said.
The 200-hectare new government center is the first phase of New Clark City, which has been dubbed as the country’s first smart, green, sustainable and resilient metropolis.
The project involves the construction of back-up offices of government agencies to ensure continuous business operations and services in case of disasters or natural calamities.
It also includes the world-class sports complex to be used for this year’s South East Asian Games (SEA Games), a residence for government employees, and a river park – all of which are 98-percent complete.
Manila mayor Isko Moreno Domagoso has presented to the media the alleged fixer who was caught asking money from a student in exchange for a guaranteed slot at the Universidad de Manila, a state-run university.
The 59-year-old suspect was identified as Celso Dimanlig whom the Manila Police District – Special Mayor’s Response Team arrested in Paco, Manila on Tuesday.
The parents of the incoming Grade 11 student reported to the police after the suspect asked for P11,000 from their child in exchange for a guaranteed enrolment at the Universidad de Manila.
“Ang UdM at PLM ay para lang (sa) mahihirap na bata [The UdM and the PLM are dedicated for poor children],” the angry Moreno said in front of the members of the media, adding, “itong (inaudible) ito, mahirap na nga, ginagatasan pa [and this (inaudible) person, would make these poor people his milking cow.”
Mayor Isko reminded the public that, “wala po kayong dapat bayaran para lang makapasok sa PLM at makapasok sa UdM. Libre po ‘yan [there is nothing for you to pay so you can study at PLM or UdM. They’re free].”
The suspect will be facing robbery extortion and estafa cases.
Meanwhile, the mayor also presented to the media on Thursday the city’s three most wanted persons.
Two of them were suspects in robbery, while the other one is a suspect in a murder case.
Moreno enjoined those who are in Manila’s wanted list to surrender.
“Sumuko na lang po kayo at harapan ninyo sa husgado ang akusasyong inihain sa inyo [Just surrender and face the accusations filed against you before the judge.” (with details from Harlene Delgado) /mbmf
The inflation rate in the Philippines continued to decline at 1.7% in August 2019, according to the Philippine Statistics Authority (PSA).
The August 2019 rate is lower compared with the 2.4% inflation rate in June. This is also the lowest rate since October 2016 (1.8%).
According to National Statistician Dennis Mapa, the inflation downtrend is due to the slow increase of food prices, including non-alcoholic beverages.
He also said that the low fuel and rice prices also decreased since the implementation of the rice tariffication law.
Meanwhile, the Bangko Sentral ng Pilipinas (BSP) estimates that the inflation rate will continue to go lower this September.
“The latest inflation outturn is consistent with the Bangko Sentral ng Pilipinas’ prevailing assessment that it will continue to decelerate in the third quarter of 2019 and picky up slightly in the fourth quarter,” according to BSP Governor Benjamin Diokno in a statement.—AAC (with reports from Harlene Delgado)
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