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Aquino bares gas deposits ‘so enormous’ in Recto Bank

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‘ALWAYS BEEN GOOD TO THE BIG BROTHER’. President Benigno Aquino III speaks at the Apec CEO Summit in Honolulu on Friday at the sidelines of the Asia-Pacific Economic Cooperation summit. (AP Photo/Andres Leighton)

HONOLULU—There are substantial gas deposits—so enormous that they “dwarf” the Malampaya oil fields off Palawan—in disputed territories in the West Philippine Sea (South China Sea), President Benigno Aquino III said at the business leaders conference of the Asia-Pacific Economic Cooperation (Apec) forum.

And by next year, the President said, a US firm would start operations in the gas-rich territory. He made the remarks at a session on commodity security at the Apec CEO Summit, in which he was asked what his administration was doing to address the high cost of electricity in the Philippines.

“There is a new field that [will] be brought up or [started], I understand, by next year by an American company in the northern portion of the Philippines,” Mr. Aquino said.

“There are substantial gas deposits that we believe are already in the proven scale at this point in time, that will dwarf the Malampaya oil fields. Some of them are in areas that are part of the contentious disputes as to sovereignty over the same,” he said.

Exclusive economic zone

The President said his administration was working on “steps to determine as to who actually owns them consistent with the United Nations Convention on the Law of the Sea.”

Asked how he expected the dispute to be resolved, he said: “We are hoping that all the signatories to the United Nations convention will adhere to [its] stipulations.

“[Among the stipulations] is the 200-mile exclusive economic zone, which clearly shows that the areas in dispute are in our favor, that we have a solid claim to [the disputed areas].”

The President said there were various mechanisms for arbitration to settle the matter “once and for all, and to have these resources benefit not only our country but [also] our neighbors in the region.”

He said proper exploitation of these resources “will transform our energy needs from dependence on the Middle East … to more indigenous sources.”

Mr. Aquino and Energy Secretary Jose Rene Almendras were not immediately available to provide reporters details on US involvement in the disputed gas-rich territory.

The US government has earlier indicated its support for the Philippines in disputes in the West Philippine Sea.

In a speech at the launch in Makati City of the National Renewable Energy Program months ago, at which President Aquino was present, US Ambassador Harry Thomas said: “I assure you, in all subjects, we the United States are with the Philippines.

“The Philippines and the United States are strategic treaty allies. We are partners. We will continue to consult and work with each other on issues including the South China Sea and the Spratly Islands.”

Thomas’ remarks during the event sponsored by the Department of Energy are believed to be the most unequivocal expression of support so far by the US government to the Philippine claim over parts of the Spratly island chain, which is also being claimed wholly or partly by China, Vietnam, Malaysia, Taiwan and Brunei.

Big brother

Mr. Aquino discussed China’s role as the economic superpower in Asia at the Apec CEO Summit.

During the open forum on commodity security, he told off a Chinese participant who had raised a perception that the Philippines had not been good to China.

“Can we just answer the ‘big brother’ issue—that we have not been nice to the big brother?” the President said.

Citing the tourism sector, he said the Philippines had sent about 800,000 Filipinos “out of our population of 95 million” to China.

“China reciprocates by sending us 200,000,” he said. “So in terms of balance of trade and tourism, we’ve sent a lot more than China sends to us.”

The President said that “in terms of direct investments, we have $2.5 billion in direct investment to China, and we have gotten $600 million so far from China.”

“So I think we have invested more in China than [the other way around], although China’s economy is way, way beyond ours,” he said, adding:

“I think it would be unfair to say that the Philippines has not been a good brother to the big brother. I think we have demonstrated that time and again.”

Mining

Mr. Aquino also addressed the issue posed by a mining company CEO, Richard Adkerson of Freeport McMoRan Copper and Gold Inc., who joined him in the panel onstage during the commodity security session.

Freeport has a mining operation in the Philippines.

Adkerson said there was a need to secure the long-term investments of mining firms, and noted that there were many Philippine regulations, including environmental rules, that had to be complied with.

To which Mr. Aquino said: “We are in a period of having to, shall we say, tighten the rules.”

Citing an example, he said there was “one area” where there seemed to be “a beach on the coastline.”

“A closer shot will reveal that it’s run out from this open-pit mine that some of the unscrupulous mining entities did not deem necessary to contain,” he said.

Mr. Aquino mentioned “increasing the fines” when asked by the moderator how his administration was tightening the rules.

“Versus the profit [mining companies] make, the fine is such a pittance. I think, in one instance, about $1,000, and then they [make] hundreds of millions [of dollars] in terms of their exports. So [the fine] is really inconsequential,” he said.

Food security

At the same conference of CEOs, the President bragged about his administration’s gains in ensuring food security by merely taking the necessary steps.

Asked how far the Philippine government had come in ensuring the sufficiency of the country’s food supply, he said: “I am very pleased to note that our agriculture minister is giving us a guarantee that there’s no need for further importation of rice with the next harvest due in January.

“And what was done was not a radical change but, rather, just doing what was necessary.”

The President said the government had been providing farmers genuine certified seeds and necessary inputs, helping upland farmers with their marketing campaign, and “not making it more profitable to import rather than to plant.”

“These are very basic steps that led to three quarters of bumper harvests. We have done that in a year’s time,” he said.

According to Mr. Aquino, his administration inherited “tremendous problems” in food security because, he said, the preceding administration was interested more in political survival than in doing what was right.

Good for 100 days

In a speech at the 8th National Organic Agriculture Conference at Hacienda Luisita in Tarlac City last week, Mr. Aquino announced that the Philippines had a supply of rice good for 100 days even after the onslaught of typhoons that struck rice-producing provinces in Luzon in the past months.

He indicated that the Philippines’ rice supply was so good that he was already considering exporting to other countries.

“To tell you the truth, whenever [Agriculture Secretary Proceso Alcala] sends me numbers, I compute the figures and tell him, ‘Procy, I think we can already afford to export,’” the President said in jest. “He said, ’There are still expected typhoons. Some other time, perhaps.’”

Mr. Aquino credited Alcala for going back to the basics—such as fixing irrigation systems—in ensuring rice supply.


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Tags: Agriculture Secretary Proceso Alcala , Apec CEO Summit , Asia-Pacific Economic Cooperation summit , China-Philippines relations , Honolulu , President Benigno Aquino III , Rice Supply , Spratlys


  • Anonymous

    Again, in what way do we benefit from the Malampaya Gas Industry? Or is it just the companies that drilled there?

    • Anonymous

      Malampaya gas is now used to generate electricity in Batangas one power plant 1500mw owned by the Lopez oligarch the other was owned by NAPOCOR but was sold to the Private sector. We have high electricity cost because NAPOCOR the sole supplier of fuel to all power plants buys its fuel particularly coal on the spot market second most of our power plants are overpriced remember pantong, bukol and/or kick back

    • http://pulse.yahoo.com/_4D7N7JNTIWWHCBSJTI3YXPRNUU Roland Pates

      ask that to your former president, sa loob ng 9 years ano napakinabangan natin sa malampaya. At least kay Pnoy , 1 taon palang nakabili na ng hamilton, hindi mo ba alam ang pinambili nun galing sa Malampaya royalties.

      • Anonymous

        Sino ba iyong napakalaki daw ng ginastos sa Hamilton na George Hamilton daw? Barko ba yon? Sinasakyan daw pero barko ba?

  • Anonymous

    What the filipinos want to know is how much shares the philippine govt will get from the malampaya project and also from the incoming oil project that would involve the US oil company in drilling … and what are the mechanism to safeguard those revenues from the project … NAKAKATAKOT … maraming magnanakaw ang nag babalak na naman sa … OIL DRILLING REVENUES …na yan … the projects involve from the oil revenues must be defined.

  • http://pulse.yahoo.com/_32DTDWUHSCHFB3RVYGUN2262NM Igorotak

    A perfect case of CREDIT GRABBING by Abnoy. The gas exploration in the Northern part of the Philippines started way back during the past administrations time. Chevron is the name of the US company, and my in-law works for this Company. Now what Pnoy believers…have your own originality too. Puro na lang kayo copy-cuts!!!

    • http://pulse.yahoo.com/_5EV2FNQUSNLESIPZKVIR43JSCI Juan Dela cruz

      Yes, it’s been the past administration milking cows… that’s why no transparency during the past administration… hindi nga naririnig ang malampaya during the term of GMA. Ngayon lang naglalabasan na ang mga kalokohan ng mga Governor at ibang public officials.

    • Anonymous

      copycat po ang tamang term.Saka hindi po credit grabbing yan, kasalanan po ba ng pangulo kung ngayon lang sa admin nya nagkaruon ng bunga yung exploration na sabi mo nga sinimulan nung mga nakaraang admin? Saka basahin mong mabuti yung sinabi nya, nagsabi lang sya ng magandang balita, wala syang binanggit na “because of me”. Wag masyadong negative, lumalabas yang pagka-in-love mo sa pangulo hehehe, sige ikaw rin, baka ka atakihin sa puso.

    • http://pulse.yahoo.com/_4ISIBHP26NEEPB5GFLL7DBZ2II Emil

      The president simply stated that there are substantial gas deposits in the area. I see nothing wrong nor any “credit grabbing” in that statement. Also, there is nothing wrong with being a “copy cat” if it benefits the common good.

    • http://pulse.yahoo.com/_4D7N7JNTIWWHCBSJTI3YXPRNUU Roland Pates

      so what is the point saying this, gusto mo pa imention niya pa panagalan ng pinakamamahal mong dating presidente? kahit ginawa niya yun last administration, wala parin tayo napala kung hindi puros kasinungalin lang at kawatan

  • http://pulse.yahoo.com/_TAFVA5LSGQ32CVNIPT5DYIKLEY Dan

    Government should make it public the revenue we are collecting from all oil fields and how it is being spend. Same goes to the revenue we are collecting from mining. As both are natural resources, Filipinos have the right to know how much revenue we are collecting and where it go or how it is being spend. Put a database in the internet so that everyone will see.

  • Anonymous

    Well, now that Aquino had the figures on the oil reserves we have in the Spratlys, he should be modernizing the environmental safeguards attributed to the oil rigs and drilling activities.  It is most common among oil rigs and drilling companies to pollute the environment they are developing – that is why in Canada’s north particularly, a company engaged in development must strictly comply with regulations that affect wildlife, plants, water and permafrost, otherwise, no deal!  The safety factor in the environemnt plays a major role in the development of oil resource.  The clean-up in case of disaster would cost the government even more than the revenue on Royalty received.

    Overall, it is good to know we have something to show to the world, we are the owner (barring other pretenders to a claim) of a rich deposit of energy that can be profitably shared with the world (and greed from local politician’s pockets!)  Hopefully, this wealth would reach the food tables of poor Filipinos.

  • http://twitter.com/puyat1981 Puyat Tuason

    Why depend on fossil fuel or gas reserves at Spratlys alone? We are releasing so much carbon already and this is not good. The president should instead encourage the use of alternative ways to harvest energy (air, water)

    • Guest

      Aquino could have gone ahead and extended his neck in the right direction and included he wished for more Biomass Electrical Generation Plants to burn the extreme amount of daily garbage and trash (and recycle other material) and which would reduce to cost of electricity and assist the already sensitive and decrepit electrical grid system now in the country, and to reduce the conglomeration of electrical monopolies in the country too.  Plus, adding more solar and wind energy systems and make better use of hydro resources, like you mentioned, Puyat. 

      • Anonymous

        …please speak english…or tagalog…

    • Anonymous

      some part of the philippines uses wind turbine  for electricity now

  • http://pulse.yahoo.com/_GUZISWUMVDD5QJUC7GBJKEM7XA prangka

    A simple question as to how he would lower electricity rates in our country known to have the highest next to Japan.  His answer is the oil reserves that would be exploited by a foreign technology, and would only be commcercially available when? By then, our Asian neighbors have already cornered most of the savvy investors. Can he just say I would temporarily suspend tax,  buy back Petron or anything that would have immediate impact and arrest the exodus of foreign investors?

  • Anonymous

    Good thing he is the President of the Philippines, I was there during the open forum, and I can truly say that  President Noynoy Aquino is a great leader of the Philippines. The way he answers all the tough questions he did a superb job in answering all those concerns. ALL FILIPINO SHOULD BE PROUD OF PRESIDENT AQUINO.

    • Anonymous

      Oo nga JK1000 sana pati hacienda luisita malutas na rin … kc.. ung mga magsasaka hirap na sa kahihintay maibigay ung lupa  na sa kanila na dapat

  • Anonymous

    “Apec CEO Summit, in which he was asked what his administration was doing
    to address the high cost of electricity in the Philippines.”

    Pnoy should have said that – I will make electricity cost affordable to all my people by lifting them up to the level of the Meralco employees. Achieving this goal, I’ll start by increasing jobs if not eliminating unemployment and will increase people’s salaries and wages. Yeheeey!!!

  • Guest

    I see absolutely NOTHING in the article which quoted Aquino answering the question about the extremism of electricity costs in the Philippines.  He evaded the question.  Why did he evade that question smacks of Aquino’s resistance to assist in taking the country off one of the worlds highest electrical cost countries.  Is he pandering to Meralco nd other electrical conglomerates?

    Instead, he went off again and stuck his big foot in his mouth!  This time telling what some of us knew all along and was semi-confidential in political realms, that Exxon and Shell (probably partnerships) were going to conduct drilling operations on a grand scale off the Spratleys very soon.  China, as we already realize as well, is making plans to protest this US “invasion” into what they called it, “our territory”.

    China already has massive problems with the USA; or vice-versa at this time.  The US government has found China is manufacturing junk-class computer chips and other integral replaceable systems for  military and civilian use, which are in a failure-mode so great, the US is considering not buying any more Chinese products of this kind.  It is easy to determine, China sends these products to 7 resources, then it ends up in the US Purchasing system, going mostly to military use.  China denies the problem.

    The congress and senators are wild about this, and the President is also.  But who is to blame…Obama himself outsources this and other types of work to produce computers, parts for computers, and other hardware and products to overseas nations, taking it out of US responsibility and thus enhancing unemployment figures.Too bad Obama and the US government omits the Philippines every chance it gets to put in manufacturing plants there. 

    Now, we also had a representative at the “open forum” and at this G-20 Summit in Honolulu and they reported President Aquino, in lengthy discussions in answer to questions, really had no handle on what he was saying; he was dis-connected!  So, “JK1000″, you apparently were not listening too closely. 

    • Anonymous

      Another Crab Mentality on board……Get over it!

  • Anonymous

    There is a saying,”wag muna bilangin ang itlog pag di pa napisa”Wala na ba ibang paraan para ibaba ang presyo ng electrisidad sa Pinas maliban sa inaasahang “enormous gas deposits”?We have air and water which are readily available which can be of much better use .Why not invest on these resources.

  • Anonymous

    I had been saying this all along that the US will be involved in exploring spratlys and it will serve dual purpose…..first, the US will largely benefit from this exploration/extraction and second, the philippines will have the US military protection during the operation of this joint exploration/extraction of gas. The question would be…….who would benefit from the philippines part of the pie?………..

    • Anonymous

      saudi arabia benefited from the oil, so with those american oil businessmen, OK,  we can expect that with the spratlys’ gas productions, hopefully those “corrupt” filipino officials should be locked up in jail, soonest, he, he, he!

  • Anonymous

    The  President should not have bragged about food security and possible rice exportation right away. First, as pointed out by Solita Monsod sometime ago, the figures being fed to him by Proceso Alcala could be inaccurate. And let me add, I do not put it beyond Alcala that the inaccuracy could be deliberate. Second, granting that Alcala is telling him the truth, this could also be a fluke. He should have waited for at least one more year of good harvest to see if the wonderful thing Alcala is telling him holds.

    I live in a rice farming town and I do not see irrigation repairs happening. All I hear about from LGU agriculturists is that some of  the money intended for our place under the road map the DA has drawn up has  been diverted by the governor to another town.  They say that the system  for the delivery of projects to the countryside set in place by Alcala is open season to governors. They say there is no guarantee that the amounts intended for a lower LGU could reach it because under the system, the DA unloads it to the provincial government.

    Like Jing Deles is to the peace process, Alcala is to agriculture.     

    • Anonymous

      Mga kabayan! Si Procy Alcala ang isang napakatinong pinuno ng agrikultura! Natural di pa siya tapos linisin ang departamentong naabuso ng mga dating pinuno. Nakita kong paano niyang pinagalitan ang isang matagal nang mangangalakal ng sibuyas na wag solohin ang importasyon kamukha ng dating pinuno na sinulo sa dalawang importer.

      Ito’y isang beses lang na pagpayag ng importasyon ng sibuyas dahil nasalanta ng mga bagyo ang Gitnang Luzon.

      Magtanong kayo kung maraming magsasakang nagrereklamo sa pinuno ng agrikultura!  Aba, eh, palaging handa ang mga binhi kapag me binagyong rehiyon nang makatanim agad ang mga magsasaka.

      Siya’y nagsasaliksik ng maigi bago mag-report!  Si Alcala ay ‘action man’!

    • Anonymous

      Kung hindi kumililos ang agrikultura sa inyo, eh, bumusina ka na sa LGU nyo o kaya tumawag ka diretso ke Alcala!

      Imbes magparating ka ng reklamo dito sa pagtitipong ito!

      Kung open season sa mga governors ang sinasabi mo, eh, di kaya dyan lang sa inyo?  Pasukin mo kapitolyo nyo imbes na pumasok ka dito!

      Sumulong na kayo!!!!!

  • http://inquirer.net unokritiko

    Another jathropa type of fuel discovered by this govt!!!
    Not being planted but mine not on land but thru offshore drilling!!!
    A big amount of govt funds will be wasted!!!
    let us see!!!???

  • http://pulse.yahoo.com/_QBGY2DLMMYB2NJGDNPX6KUV7GA Minor

    Nagbilang na naman ng sisiw si Pnoy wala pa ang itlog.
    The last time it was UNCLOS na kasinlaki ng Luzon na puno daw ng oil deposits, hanggang ngayon hindi pa lumilitaw sa ilalim ng dagat.
    Gayon din and Buko Juice at Virgin Coconut Oil na million dollar ang kikitain. Yon Buko naging copra na as usual.
    After the pasabog, wala rin.

    On the second thought, why always brag those kind of things.
    First, hindi pa naman claro at hindi naman oil scientist si Pnoy to know the enormous deposits. Second, the more China will claim the islands.
    Sa taong bayan na lang ireport at wag na sa mga foreigners dahil pagyayabang lang yan.
    Ika nga eh these people  are not the one to judge how the Pnoygovernment is doing but us filipinos because we know and feel if there is really change in our 3 kahig isang tuka standard of living.

  • Anonymous

    noy noy your a bird brain another slogan, keep up all the slogan,  your speech writer are dishing out it will eat you alive

  • Anonymous

    The President Pinoy pronouncement in APEC meeting is at most speculative there is no drilling yet in the Sprately area so the gas reserve there is nothing but hot air. If there is really that enormous reserve and the sedimentary basin has already been tested China will not just stand still China will assert it historical claim to the Islands and will go to WAR remember in the 70’s China drove out the Vietnamese in ETU ABO reef by military means. Who ever fed President Aquino is garbage should be fired.BTW according to MAO China can afford to go into a nuclear war with anybody because even if you kill one million Chinese a day there are only 360 days in one year so who ever goes to war with China can  kill 360million Chinese a year there are more than one billion Chinese the survivors will mount a counter attack. 

  • Anonymous

    san ba talaga sa disputed territories in the west philippine sea o sa northern portion of the Philippines? patay tayo diyan di papayag China.

  • Anonymous

    noynoy  puro ka slogan, “alway been good to the big brother” what  about your small brother the Pilipino soldier (19 soldietrs) that was killed  by your kuya the milf, I know you were good to them so you gave them PhP 5,000,000.00 remember, what an asssshhhh you are

  • Guest

    The 2011 APEC Summit meetings were represented by many business corporations and the United States and China and including the World Bank, which is part of the association in which my government happens to be connected to; and of which we sent representatives to Waikiki, Hawaii to attend. 

    There were Ministeral meetings combined with this affair, as our representative was given the opportunity to give a dictum.  My group, the IMF associates (and Zhu from China) were represented in the Platinum Partners, and many companies were given the opportunity to speak. 

    The body of the attendees were wondering and were buzzing and turning heads among themselves when President Aquino stated in his speech the Spratleys had a US partner ready to drill.  Hillary Clinton got red-faced and put her hand over her forehead and shook her head at what Aquino had said.  (read my comment way down below). 

    So, not all came out too well for President Aquino…he has a problem saying what he thinks and not what the facts are.  There are too many things which have to happen first before any US corporation can drill in the Spratleys including US Department of State influences and US military involvement.  China holds onto their belief they actually have jurisdiction in all the South China Sea areas, under UN exploration and drilling rights.

    Why, President Aquino, are you creating more controversies for the country? 

  • Anonymous

    Is he talking wonderland or Philippines?

  • Anonymous

    …who is pnoy referring to as the big brother?….i am confuse… i always thought PH big brother is the…US… the one who is always ready to help…not China…who is always ready to bully …someone smaller…pls make up your mind…in a global summit…words means a lot…wanton carelessness should be avoided…

  • Anonymous

    Kahit saan talaga pumunta itong si pnoy humihirit pa rin ng paninisi kay gma.  Tutuo na ba yan pnoy o baka naman nanaginip ka ng gising.  

  • Anonymous

    Baka naman gas sa tiyan mo ang sinasabi mo na “so enormous” huh, pnoy? ha ha ha

    • kris makati

      o baka yung bald spot o kaya yung mouth niya ang enormous. ang yabang talaga ng panot.

  • Anonymous

    This is nothing new. That’s why China, the Philippines, Vietnam, Malaysia and Brunei have been vigorously contesting this area. The problem is that might is right and the rule of law carries little weight. P-Noy is clearly aware of that. That’s why P-Noy is so submissive when he refers to China. P-Noy obsequiously refers to China as the big brother to which the Philippines has been a “good brother”. I doubt, however, whether flattery gets anyone anywhere with China.

    • Anonymous

      Just stay optimistic. Pnoy is very busy planning and marketing our Philippine products unlike GMA and El Tabako very busy looting our coffers!

  • http://pulse.yahoo.com/_PVF7M6ATY3XDDTPSLWAHXFOXWA john

    Pure speculations coming from the mouth of the highest government official of the land in an international gathering is very distressing since it would send wrong impression to the leaders of other countries.  APEC meeting is one of the venues that a leader promotes investments, tourism etc to other countries, but ABNOY our bachelor president broadcasted another fairy tale in this international gatherings so expect fairy tale promises as outcome of this meeting. 

    I presume that he has nothing to say since the present administration has no program to alleviate the skyrocketing price of energy in our country thus he bragged another rumor “tsismis” that he heard.   What a shame… not only to himself but includes the filipino people as well.

    • Anonymous

      Geographically, can you explain why Indonesia, Malaysia, Brunei,Thailand and Vietnam are oil producing and Philippines is not? Come on, use your coconut, not cucumber.

      • http://pulse.yahoo.com/_PVF7M6ATY3XDDTPSLWAHXFOXWA john

        Im not in a position to answer that since i have no data to support it, doing so would only speculating as PNOY did.  Come on romylitz, expressing my dissenting opinion against PNOY doesnt mean I’m pro PANDAK, pareho lang kayo ni abnoy magaling maghaka haka.

    • Anonymous

      Sabi nga nila noong panahon ng election eh.. sya ang cadidatong walang plataporma… 

    • http://pulse.yahoo.com/_4D7N7JNTIWWHCBSJTI3YXPRNUU Roland Pates

      naging bata kaba? Oh putok ka lang sa buho?alam mo ba ibig sabhin ng fairy tale? Ang fairy tale kahit kailan hindi mangyayari kahit baliktarin mo pa mundo. Ang sinasabi ni Pnoy ay hindi man mangyari kagad pero possible dahil napatunayan na yan base sa research, gets mo?

    • Anonymous

      john, what the President presented to the APEC conference are not speculations or fairy tales.  The enormous gas deposits in the disputed territories are well known to other  neighboring countries. Kaya nga disputed because everyone wants to get his hands on them. 

      The fairy tales come from people who believe that the country’s problems could be solved overnight. Anybody who believes, for example, that the cost of electricity can be lowered in a year’s time believes in fairy tales. Power supply in the country has always been short of the demand. Marcos tried to solve the supply problem by building a nuclear plant, but the construction cost was so high because of massive corruption that even if the Cory administration allowed the plant to operate, the electricity produced would have been very expensive. Ramos allowed the independent power producers (IPPs) to put up power plants, but the contracts were so onerous that the consumers ended up paying for electricity that they don’t even use. Then there’s the EPIRA that makes consumer pay for the debts and losses (whay they call “stranded costs”) of  Napocor and enables the power producers to manipulate the wholesale electricity spot market (WESM). All these problems have no short-term solutions.

      So, the next time somebody tells you that PNoy is a failure because he cannot lower your next month’s electric bill, tell him that you do not believe in fairy tales.

  • http://pulse.yahoo.com/_FEDNFVW3RAG54EAXVITAYRS6AQ Daniel

    Talaga? Ay bakit ngayon lang natin nalaman. Siguro ang intrest nang ibanh nasyon doon talaba? Matutuwa sila ngayon, may iba pa pala.

  • Anonymous

    Imbes na birahin si P-Noy at dahil siya’y ibinoto ng karamihang Pilipino at walang bahid ng pandaraya, bakit ba di na lang natin SUPORTAHAN ang kanyang mga programa para sa ikauunlad ng bansa at maging mas mapagparaya sa kanyang mga pinaghihinalaang pagkukulang…tayo rin ay merong kanya-kanyang pagkukulang, hindi ba?

    Sulong na tayo!!!

    • http://pulse.yahoo.com/_PVF7M6ATY3XDDTPSLWAHXFOXWA john

      barrabas, ang pagpuna sa isang pagkakamali ng isang tao ay hindi masama bagkus ito sana ay kanyang pagkukunan ng leksyon upang ituwid ang kanyang ginagawa.  isipin mo ba namang magsasalita siya sa harap ng mga pinuno ng ibang bansa eh puro spekulasyon naman ang sinasabi, di ba mas maganda sana kung ang sabihin niya ang programa ng gobyerno upang maibsan ang ating paghihirap sa napakataas na presyo ng enerhiya.  ngayon may narinig ka na bang programa ng gobyerno para pababain ang binabayaran mo na kuryente? kung meron sige all out support ako jan.

      • Anonymous

        aprub! ganun naman pala eh, kaibigan. maghintay lang tayo at maraming trabaho pang kailangang gawin si Noynoy…kung nababagalan tayo, eh, maghintay lang…panoorin na si Pacman…katatapos lang ng huling undercard

      • Anonymous

        Ang mga kataga ni Noynoy at sagot lamang sa mga katanungan sa kanya ng madlang imbitado na magtanong sa kanya…kanya’t limitado ang mga paksa.

    • Anonymous

      There are many GMAs cohorts and followers blogging here but were too shy to admit. All in their minds are illogical and baseless analyses.

  • http://pulse.yahoo.com/_QBGY2DLMMYB2NJGDNPX6KUV7GA Minor

    The following are the bragging rights of Pnoy during QA in Apec meeting:

    1.Aquino bares gas deposits ‘so enormous’ in disputed Spratlys
    2.Citing the tourism sector, he said the Philippines had sent about 800,000 Filipinos “out of our population of 95 million” to China.
    3.“China reciprocates by sending us 200,000,” he said. “So in terms of balance of trade and tourism, we’ve sent a lot more than China sends to us.”
    4.The President said that “in terms of direct investments, we have $2.5 billion in direct investment to China, and we have gotten $600 million so far from China.”

    Pulos kahanginan naman itong pagyayabang ni Pnoy. Imbes tulungan tayo ng Tsina at US tayo pa ngayon ang tutulong sa Kanila.
    Walang nakakaalam ng may 2.5 billion investment tayo sa Tsina gayong tayo pa ang naghahanap ng investors. Kaya pala ubos ang dollar punta Tsina. At turista na pala ang mga Pinoy kala ko tsimay lang.
    Saan kaya nagmana ng Kahanginan itong si Pnoy.

    • Anonymous

      There’s no bragging in Pnoy’s speeches you are just purely blinded by GMA’s cohorts or you are one of them.

    • http://pulse.yahoo.com/_4D7N7JNTIWWHCBSJTI3YXPRNUU Roland Pates

      Eh ayos lang magyabang bastat may basehan, totoo naman matagal na tayo di pinapansin ng mga malalaking bansang yan. Eh sila papadala pa dito, sakit ng ulo pa like drug smuggler or pedophile.

  • Anonymous

    Papaano natin makukuha ang lahat ng langis dyan na para sa mga Pinoy kung nandyan ang mga gahamang intsik na yan. Intsik galing mainland at intsik galing sa taiwan. Napakarami na ngang mga mapang-aping intsik sa pilipinas na kung tawagin ay chinoy, aapihin pa tayo ng taga-labas. hindi lang 200,000 ang intsik sa bansa natin kundi mahigit 10 million. ang daming illegal chinese na mga nag titinda sa tabitabi!!! pati droga controlado nila! wala akong katiwa-tiwala sa mga intsik na yan. dapat hindi sila sinasamba dahil karamihan sa kanila ay mapang-api sa mga ordinaryong tao lalo na yung mga nagtatrabaho sa kanila. halimbawa na lang si LUCIO TAN. naku, tyak na hindi natin makukuha ang langis na yan. tandaan nyo at intsik ang papapel dyan. mga gahamang intsik… ganid at walang respeto sa kapwa!!!

    • Anonymous

      You must be aware that anywhere, even in Iraq and Afghanistan, Intsik are ubiquitously present. In fact there are only Chinese billionaires in our neighboring countries like Malaysia, Indonesia, Thailand, and Vietnam. They are just so hundred times more diligent, industrious,intelligent and consistent. Filipinos are famously icon-iced as Juan Tamad? Whose fault it is ?

      • Anonymous

        Your statement is rather bewildering “the Chinese are just so hundred times more diligent, industrious, intelligent and consistent. Filipinos are famously icon-iced as Juan Tamad? Whose fault it is? Well the faultiness rests firmly with the Colonist: The British, the Dutch, the French and the Spanish. Each of these European nations carved a niche in Asia and throughout SEA. It’s a fact the natives or the indigenous people resisted, but their struggle was futile against superior weaponry (at that period of time).
        During the Ming Dynasty, the Chinese began venturing in many parts of Asia. The gradual uprisings in South China drove many Chinese to seek refuge and Europeans never in favor of the peoples they subjected found a 3rd force to go between their despised subjects, hence the Middle-man inheritance which is the driving force that led the Intsik ( the Chinese ) to amass huge wealth especially in South-East Asian countries.
        The wealth created helped them to achieve one prime factor: Education to great heights. Mass education alone without the push into industries will give a sense of legitimate success, but when added with entrepreneurship, it’s the nation’s gain. Sadly talented Filipinos are denied this access in this country, while this cannot be drawn parallel with ASEANs Indonesia, Malaysia and Thailand with large indigenous populace; all of them have fine tuned the economic equity. Inheritance linage held by the Intsik in these countries is no longer valid to seek partnership, though they still do have clout. The system had failed to find new ways; hence the coterie still holds the realm when prosperity and wealth is concern.

      • Anonymous

        Thanks for the enlightening perspective of the Chinese cultures and dynamism that separates them from the rest of ASEAN people. Nevertheless, we Filipinos inherited a culture that is so inferior compared to the Chinese or Japanese or English. The best that the Pilipinos can do is develop the God given in abundance our mineral resources such as gold,limestones,nickel, chrome and iron ores. That’s what Pnoy is trying to do wihtin his short six-year term. Explore the possibilities that we, can be an oil producing countries like our surprising neighbors like Brunei, Indonesia, Malaysia, Thailand and recently Vietnam! According to you the Instsik (or Chinese) were early colonizers and developed culture of diligence and intelligence. However, we are blessed by the heavens with these super abundant natural resources. Remember the two countries doesn’t have these fortunes of mineral wealth, namely, Taiwan and Japan, yet because of their developed hardworking culture they advance as Tiger economy in Asia! Our leaders in the past,unfortunately we’re able to get the “corruption” or ” siesta” culture from Spanish Colonizers hence our survival of the fittest ( fit to steal and to kill) dominates, and the new generation suffers a lot! Let’s help Pnoy build a fair and less corrupt society to regain that which was

      • Anonymous

        Your statement is rather perplexing, “the Chinese are just so hundred times more diligent, industrious, intelligent and consistent. Filipinos are famously icon-iced as Juan Tamad? Whose fault it is? Well the faultlines  rests firmly with the Colonist: The British, the Dutch, the French and the Spanish. Each of these European nations carved a niche in Asia and throughout SEA. It’s a fact the natives or the indigenous people resisted, but their struggle was futile against superior weaponry (at that period of time).
         
        During the Ming Dynasty, the Chinese began venturing into many parts of Asia. The gradual uprisings in South China drove many Chinese to seek refuge and Europeans, never in favor of the peoples they subjected. found a 3rd force to go between their despised subjects, hence, the Middle-man inheritance which is the driving force that led the Intsik ( the Chinese ) to amass huge wealth especially in South-East Asian countries.
        The wealth created helped them to achieve one prime factor: Education to great heights. Mass education alone without the push into industries will give a sense of legitimate success, but when added with entrepreneurship, it’s the nation’s gain. Sadly talented Filipinos are denied this access in this country, while this cannot be drawn parallel with ASEANs Indonesia, Malaysia and Thailand with large indigenous populace; all of them have fine tuned the economic equity. Inheritance linage held by the Intsik in these countries is no longer valid to seek partnership, though they still do have the clout. The system had failed to find new ways; hence the coterie still holds the realm when prosperity and wealth is concern.

      • Anonymous

        Furthermore, the culture that the Chinese have doesn’t mean we are a hopeless race. We have a talent that are mixed from the five different Asian countries. Common denominators that are predominant among the leading Chinese and Japanese cultures are diligence, hardworking, persistence, relentless , intelligence, discipline and consistency. All of the Tiger economies have these predominant traits despite the lack of natural resources like gold, copper, iron, chromium and nickel, namely, countries like Taiwan,Singapore and Japan! Singapore as you see is only occupying a land that is 2% of the total Philippine area yet their GDP is amazingly 48 times that of our beloved country!

      • Anonymous

        Your analyzed  structure of the Filipino in the midst of his fellow neighbors especially the Japanese, the Taiwanese and Singapore is food for thought. The Japanese closed their doors for most Asians for centuries, but were accepted in countries like Hawaii, the US and Latin America. It was in the US, they gathered knowledge and the final discreet transfers to their mother-land for more than 100 years. The West only knew their advanced superiority in WW2. Yes Japan lost the War, but had plenty of time to go innovative that became: Japan Incorporated. The Taiwanese success story blended American and other European interest to keep check of Beijing’s spread of communist ideology and, only after Mr. Chiang Kai-shek’s retreat from the mainland.
         
        Despite all the “contusion” between them, the Taiwanese is China’s “little brother” and investor, representing major US and European manufacturing conglomerates.And so the towage company made the riches. As for Singapore, its good fortune story came from varying degree and situation. The British laid a sound foundation by way of trade. An “entreport” centre and an infrastructure by the time they de-colonized the city-state:  harbors, airports-civilian, military-banking. Above all, a well educated civilian system and thriving commercial environment. The corner-stone of Singapore’s success stems from the contribution of the 3 main groups of people: the Malays, the Indians and the Chinese added with talents from Europe and elsewhere.

        In the Philippines, the US did leave behind a good organized foundation, but the governing system in Manila was plagued with numerous feudal wants from all corners of the country. Every succeeding leader had to score a right to appease all.The nationalist fervor actually united only the have-nots and the poor masses (and evaporated when independence was given), not the power houses that control Manila, hence the struggle that continues to this day. So you see my friend, the present President sits with a majority, and has the power to shape or start the ball rolling onto the right direction, unitil that step is taken,Filipinos atleast should be contended to say.”its our land, thanks to God”.

      • Anonymous

        That leaves us three solid factors that influence the country’s path to becoming a Tiger economy like Japan, Singapoer and Taiwan. These are positive cultural values, leadership quality and resources. Resources could be the infused capital from Europe and USA or the inherent abundant natural resources. But looking at Japan,Taiwan and Singapore, the factor called natural resources may be cancelled out and it is the leadership remains. The first factor, positive cultural values maybe cancelled, as the Filipinos have it, but the governance or leadership is too influential to change the major course of history. Thus, I believe then that the most important single criterion which is irreplaceable is the factor called, Leadership Quality! Thailand and Japan were stable due to the presence of a leader called Emperor or the King. These two, undoubtedly were stabilizing factors of these two countries. Taiwan and Singapore you have the strongman Lee kuan Yue and Chiang Kai Seek. Therefore, the Philippines is the sick man of Asia not because of our hopeless race. It is primarily due to the unfettered corruption of previous leaders. Pnoy is our last hope. We should help him to help us be called the next Tiger of Asia!

      • Anonymous

        You got the picture and the factor correctly. Leadership with resolute and direction is what the country needs now. Yes, that’s easy said than done. Navigating in an entrenched labyrinth of stronghold with the poor and gullible swayed by dynastic families throughout the nation is going to be a lifetime, but, Malacanang can begin to clear the “the sick man image of Asia”. That begins with placing in order the unfair equity channeled to the people from major industries in all sectors. Just scroll through large establishments in this country and you would find the answers despite many camouflaged systematically.
         
        Now comes to the collateral misdemeanors of every kind against the people. Here the “callous card” must be shown, but often the culturally embedded “utang na loob” magnanimity is extended (based on what is spread out to a selected few) that’s good in the eyes of the good Lord, it seem though, but it entrails an entourage which will never end not only in the Philippines but elsewhere. You are a patriotic Filipino, just like the millions and, you can certainly play a part within your capability to achieve what you have set upon. However, as a non Filipino and entrepreneur, my mobility is self contained. Contrary to many who would exclaim a negative line when the name Philippines comes to fore, these are the very ones who had one way or another exploited the Filipinos and continue to do so. Wish you the best in all your endeavors..

  • Anonymous

    P-Noy sounds sycophantic as he grovels before “big brother” China. However, everyone knows that P-Noy’s real big brother is the United States. After all, the Aquinos have always been anointed by the U.S. for a long time. The relationship goes way back to when Americans looked to replace their tarnished knight, who was Marcos, with a white knight. P-Noy’s mother even once had the temerity to ask U.S. fighters to bomb Filipino soldiers who were not on her side.

    The U.S. seems supportive at this moment. However, the proof of the pudding will be in the eating. Right now, that is all diplomatic banter. But, when push comes to shove, can the Philippine really rely on the U.S. to put China in its place? The U.S. will act only on its own interests. Can the U.S. interest in the Philippines be greater than its interest in China?

    • Anonymous

      There’s no need to fast tract the resolution about Spratleys, he may start developing what was geologically certified that the Sulu or Cotabato is positive with oil reserves. With regards to the late Pres. Cory Aquino’s request for the US to bomb the Filipino soldiers staging a coup d’etat was very justified in light of what Honasan and Co did. Had the U.S moved accordingly, there could have been less corrupt leaders in our country now and the 7th attempt of coup d’état would be merely in planning stage only.

      • http://pulse.yahoo.com/_D7IRQABRR3KNZ4IWROYAG4UGCE Bonet

        What makes you say that?   Sulu and Cotabato has been evaluated by much seismic data and several wellbores have found mainly reservoir rocks with no top seals….also major lack of source rocks.

    • Anonymous

      Good question carlid…. We all know that U.S. owe a lots… lots.. lots… of money from China…. and most US products comes from China… Don’t trust U.S. because where U.S. are problems are….

  • Anonymous

    The Philippines closest countries, namely, Brunei, Indonesia, and Malaysia are now oil producing countries. The previous administrations from Marcos to GMA were crowded with advisers so wanting in history and geography if not intellectually boneheads, that they cannot see the oil and gas reserves in our own country. There’s no doubt that what Pnoy was telling to the world is 100% the truth about our natural and oil reserves.

  • Anonymous

    There are things better left unsaid.  Telling the whole world of such vast amount of resources might trigger something that we may not see coming.  We should learn that there are information that need to be kept at home.  That is the very essence of “trade secrets” of a company to maintain their competitiveness and protect their brand reputation. 

  • Anonymous

    The

  • http://www.facebook.com/people/Jose-Hernani-Parco/100000334088180 Jose Hernani Parco

    “I understand, by next year”,  “There are substantial gas deposits that we believe”,  “We are hoping that all the signatories”
    so what of it? that’s a lot of maybes! so many Inshallahs! haven’t they heard, “one good plan that works is better than a hundred doubtful ones”!

  • Anonymous

    PNoy did not address the question “what his administration was doing to address the high cost of electricity in the Philippines.” We are suffering from inefficiencies and the abuse of market monopoly power by distributors and generators tolerated by the DoE and ERC.

  • Anonymous

    Our beloved President concedes that the area where we are hoping to extract substantial gas deposits to address our energy problems ( which is the cause of our having the highest cost of electricity hereabouts) is a disputed area, disputed with superpower China.  How long does he think this dispute will be resolved at all?  Within days?  Within weeks or a few months?  The question seems straightforward enough.  So, I guess the President means we are expecting relief from high power cost only by then.

  • Anonymous

    Is there anything else we can do, Mr President, to lower the cost of electricity within say one or two years?  You see, besides other problems, high cost of electricity is a huge turn off to investors, from the multi-billion dollar investor to a few-thousand-peso kind.  Indeed, this is one of the major reasons why investment is low and when investments are low, job creation is weak and so people find it hard to look for jobs.  When people have no jobs, there are lots of other problems that follow. You should know this very well, being an Economics major.  So please Mr. President, can you do something about lowering our electricity cost immediately.  If in all honesty you think you cannot do more than hope that we could extract gas from that disputed territory in the far future, please tell us so, our beloved Mr. President

  • Anonymous

    The public should be told that those oil deposits could mean the end of poverty in the PH if we can control it.  But we are weak militarily and the US will try to exploit us.  We need to build up our armed forces to handle the threat from China and other claimants.  Next we need to have a PR drive to educate people that the nation needs to be united to fight for our sovereignty if war erupts.  This is for our future and children’s future.  The average PH age is only 22 so it is imperative that we educate the young people that this will impact them more than the older generation.  If I were P-Noy I would also subsidize development and residency in the Spratley’s to protect our sovereignty which is what Malaysia, Vietnam, Taiwan and already doing.

  • Anonymous

    Judging the statements of Pnoy, it’s all coming from a hallow nutshell and full of hot air. Many here are being taken for the ride……………

  • Anonymous

    Iggy_Ramirez, we benefit from the Malampaya production through the royalties being paid to the government. The government receives a share of the revenues of the consortium that’s drilling in the Malampaya fields. This revenue share of the government has long been a milking cow of corrupt administrations in the past.   Now, the Aquino government is using part of the Malampaya revenues to bolster the modernization program of the AFP.

  • http://pulse.yahoo.com/_QBGY2DLMMYB2NJGDNPX6KUV7GA Minor

    The President Pnoy said that “in terms of direct investments, we have $2.5 billion in direct investment to China, and we have gotten $600 million so far from China.”

    Wow, with that kind of investment in China and the worldwide economic crisis, the Philippines is a first world country not a third world.
    The Phillipines should be in the G20 summit, a council of wealthy nations if we based Pnoy statement on 2.5 billion investments in China, the fastest growing economy country.

  • http://pulse.yahoo.com/_6GQ752PZJPHPSBIG53P53TGF7Y Nelson

    Pnoy is day dreaming…  and he thinks apec leaders are as stupid as most filipinos who do believe in his fairytale. His skull is as hollow as the Palawan underground river… it merits world recognition too…

  • Anonymous

    The Spratlys have enormous oil deposits that are waiting to be explored. But the problem is that who will explore the area? If really there are huge oil deposits, let’s make sure that the partnership with a foreign oil company will not be “toso.” Meron dyan sasabihin lang sa atin kunti lang ang makukuhang langis, kahit di totoo. At papaano natin malalaman na yun lang ang ating deposits? Hope that the Philippine National Oil Company’s Energy Development Corporation (EDC) ay hwag mag tangatangahan para di tayo malamangan. I have always the impression that some foreign oil companies are making us look stupid, when it comes to oil exploration. Wari ko ay ayaw nitong mga foreign oil companies na yumaman ang Pinas from oil discovery. Gusto nila sila lang ang mayaman sa langis. Kung sakali totoo itong sabi ni P-Noy, di malaking balita yan para sa mamamayan.

  • http://pulse.yahoo.com/_T2DDIPNBHSCXCOHN3J7LOVCQ4Y Shinigami Sword

    And does the Stupid One thinks that this so called humongous gas deposits will be tapped by the Philippines without China and other SE countries staking a claim?  They do not respect the economic boundaries of their co Asean neighbors and fish at will when they can…  By announcing this unverified claim,  he just weakened our countries leverage position.

  • Anonymous

    No more smelly toilets na ba sa NAIA? Pero si Mar Roxas smelly pa din ang pagkatao . Tamad daw? Makupad daw? Napreggy si Abi Valte? On the rocks marriage with Korina? Kick Back King? Wow smelly nga, umaalingasaw!

  • Anonymous

    Sumabit nanaman si Mar Roxas sa biahe ni PNoy sa Hawaii para sa APEC. Wala naman gagawin dun kundi ipagsshopping sila Korina Sanchez, Abi Valte at ang baby nila ni Abi. Pocket money galing sa taxpayers!

  • Anonymous

    Jojo
    Binay failed to persuade soldiers to stage a coup against the government so he
    can grab power from Aquino. They would rather have a weak leader than another
    corrupt dictator.

  • Anonymous

    Taxpayers
    are paying Vice President Jojo Binay to work, not campaign this early for the
    2016 elections. If he wants to focus on electioneering, then he should give
    back our money.

  • Anonymous

    Mas maganda kung si Mar Roxas mismo ang
    makikita ng taong-bayan na naglilinis ng cr ng naia! Para naman mabanat ang mga
    buto ng anak mayaman! Pogi points yan Mar,try mo! 

     

  • Anonymous

    Before the airports, now comes the ports. What’s next Secretary Mar Roxas? Araneta Center…

  • Anonymous

    Kapag pinaganda na mga airports at ports sa Pilipinas, tiyak may additional fees sa entrance at sa paggamit ng comfort rooms. That’s an order from Sec. Mar Roxas.

  • Anonymous

    The NPA (China supported traitors to the Phil) will intensify their attacks on the country side because Pinoy is trying to be good with the US investments. But this was done by Pnoy because China is trying to bully the Philippines in Spratly. These will be a dangerous confrontation. Lets help Pnoy fight these NPA or let us try to convince these NPA that they are being used by CHINA.

  • Anonymous

    No more smelly toilets sa naia pero may bayad pag gumamit ka! What the heck! Hello Mar Roxas, ang taba taba na ng bulsa mo sa kakagulang sa mga pilipino! Maawa ka!

  • Anonymous

    Ilan taon na ba talaga si Jojo Binay? 69 o 70 yrs old? Anyways, kahit ano pagpilian jan, mas muka syang 80 years old.

  • Anonymous

    Korina Sanchez is a kumare of Manny Pacquiao but she placed bet with Juan Manuel Marquez. Ayun, talo silang dalawa ni Mar.

  • Anonymous

    You missed all the point here. The Philippine economy was affected by the protracted war of CHINa and Russia on one side and US and Britain on the other side. Philippines was their chess board. CHINA and ERussia wanted the US military out of the Philippines that is why they supported the NPA to create chaos. US and Britain, on one hand, wanted to mantain the US bases and supported a puppet leader. In that struggle, our economy was compromise by this battle. Filiponos have talent and character to be a great country and the philippines has a strategic business location in ASIA (reason why big countries wanted to have influence on Philippines) but was a collateral victim of the war of ideologies. 
    Now, with spratly, with its reach mineral resources, will again be the battle ground for foreign countries to invest. Philippine will, again, sustain a collateral damage with a war that is not ours. PNOY must learn how to balance these forces of greed so that our interest will be protected. The best solution maybe to have a litttle of the pieso that everybody will be happy. Share the minerals in Spratly because we do not have the ability to protect them.

  • Anonymous

    The ususal eskewed or mal-distribution of wealth is a universal phenomenon. About an average 5% of the population controls 70% of the nation’s wealth. This is the main rallying point of the communist in the Philippines in light of obvious bias, unequittable and unfair treatment of employment to millions of citizens with less fortunate or sub-level status of education. Once P-noy solves the problem of MILF’s belligerency due to sub-state status demands and NPA’s impossible demands or desire to share the daily governance of the country’s political and economical affairs, we may move forward but if Pn0y lacks resoluteness and direction like you said, its another uphill battle for generations to come. As for my personal endeavors, I do believe, once you establish a highly competitive niche or two in your business, the family’s childrens children can benefit a lot. For the millions who are less prepared and less educated had to live day by day on God’s unfailing mercy and providence. Thanks for the enlightment that I also harvest as a food for thought!



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