02 February 2015

Maguindanao incident has not affected investor confidence in the country, says Palace
The Palace has said there is no indication that the Maguindanao incident, wherein 44 police commandos were killed in an encounter with Moro Islamic Liberation Front (MILF) fighters, has affected investor confidence in the country.

“I think the stock market made another record high last week in the midst of all the difficulties that we are experiencing,” Presidential Spokesperson Edwin Lacierda told reporters during a press briefing in Malacañang on Monday.

“Certainly this has an effect on the state of our bereavement and mourning for our fallen 44. But we have not seen any indication otherwise in the business market — anything negative in the business sector,” he added.

According to Trading Economics, the Philippine Stock Market posted a record of 7689.90 index points last January, an all-time high since 1986.

Trading Economics provides information for 196 countries, including historical data for economic indicators, exchange rates, stock market indexes, government bond yields and commodity prices. Its data are based on official sources. PND (ag)

Despite difficulties, Palace will continue to push for the Bangsamoro Basic Law
The Palace will continue to push for the Bangsamoro Basic Law (BBL), no matter how difficult it is, Presidential Spokesperson Edwin Lacierda said on Monday.

“As much as it is difficult for us to appreciate why we need to fight for peace in this very emotional state, we need to fight for peace. We need to have a just and lasting peace, and that is what we are trying to achieve in the Bangsamoro Basic Law,” Lacierda said during a press briefing.

“This is a period of grief. It is a period of mourning. But there is no alternative to peace. It would be too costly for us,” he said, noting that nearly 120,000 people were killed in Mindanao from 1972 to 1996, while 982,000 were displaced in 2002 alone.

“Let the House of Representatives, let the Senate debate on the Bangsamoro Basic Law. Let us not lose sight of the fact that we are near there. Peace can be achieved but let us make sure that the peace is just and lasting,” he added.Lacierda further said that the Moro Islamic Liberation Front (MILF) must demonstrate their sincerity as the government’s partner in the peace process by returning the personal belongings and firearms of the 44 police commandos who died in Mamasapano, Maguindanao. PND (ag)