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FORMER Commission on Elections (Comelec) commissioner Rowena Guanzon yesterday said she will file a motion for reconsideration today to seek the recall of the December 7, 2023 resolution of the Office of the Ombudsman indicting her on two counts of violation of Section 3 (k) of RA 3019, or the Anti-Graft and Corrupt Practices Act, for alleged disclosure of confidential information.
MANILA, Philippines — The Philippine National Police (PNP) on Monday said that PNP chief Benjamin Acorda Jr. filed cybercrime charges against a content creator who implicated him in an alleged destabilization plot against President Ferdinand Marcos Jr.
Metro Manila (CNN Philippines, January 8) — The Office of the Ombudsman found probable cause to indict former Commission on Elections (Comelec) commissioner Rowena Guanzon on graft charges for «prematurely disclosing confidential information» about the disqualification of then-presidential bet Ferdinand Marcos Jr.
Senator Risa Hontiveros on Monday filed a Senate resolution calling for an "extensive" inquiry into the recent power outage which affected households throughout Panay and Guimaras, amid reports of inaction and lack of real-time information from grid operator National Grid Corporation of the Philippines (NGCP) during the incident.
The Philippine Stock Exchange [PSE 177.80 ?1.0%; 259% avgVol] [link] provided additional information on the serious outage that caused a 2.5-hour market-wide trading halt on January 3. In a statement posted to its website, the PSE said that the outage was caused by the “inability of at least one-third of the [brokerages] to connect to the PSE’s front-end order management system.” The PSE said that it has implemented “a design optimization” on the mobile trading application, and that they’re “working on further enhancements” to prevent the issue from happening again. According to Will Cabangon, President of AAA Equities, the issue is similar to outages that have happened in the past that were related to a certain software supplier that is used by brokerages to connect to the PSE’s order system. Mr. Cabangon said: “A bunch of brokers use the same software supplier, so when they go down, the PSE has to suspend according to the rules.” He acknowledged that the PSE has been pushing brokerages to “diversify away from this supplier”, and was hopeful that these repeated outages might finally convince some to make the switch.MB BOTTOM-LINE: The market basically requires a quorum of brokerages with viable connections to the market’s trading systems in order to remain open, such that the PSE needs to halt trading if the number of brokers with a viable connection falls below a minimum threshold. While it sounds like the problem has been identified, it sounds like this kind of problem is something that will largely remain outside of the PSE’s ultimate control so long as brokerages are free to use different software providers to interface with its system. As someone who has spent a significant portion of my life in IT and IT-related fields, I feel for the PSE’s IT team because it is in the tough spot of having to be responsible for interoperability and system uptime in an environment with external variables. They can’t just be like, “Well, that sounds like a you problem, not a me problem”: for PSE’s IT department, everything is a “me” problem.
THE Office of the Ombudsman has ordered the filing of two graft cases against former Commission on Elections (Comelec) commissioner Rowena Amelia Guanzon based on a complaint filed on May 27, 2022 by lawyer Ferdinand Topacio and Diego Magpantay of the Citizen’s Crime Watch (CCW).
MANILA, Philippines — To remind taxpayers about this year’s real property tax (RPT) discount offers, the Parañaque City government said yesterday it would distribute leaflets to homes and businesses starting this week.
MANILA, Philippines — As millions of people are expected to flock to the city of Manila for the traslacion or the procession of the Black Nazarene on Jan. 9, the Philippine National Police urged devotees to consider joining the religious feast online.