Lozada to gov’t: Account for $1.4B loans

Whistleblower Rodolfo “Jun” Lozada urged Filipinos tonight to demand from the Arroyo government an accounting of the $1.4 billion loans it obtained from China last year.

Speaking at around 6:30 p.m, Lozada said the $329 million NBN deal financed from a loan from the Chinese government was just the tip of the iceberg. The government, he said, borrowed from China last year a total of $1.8 billion.

Lozada had earlier told a Senate inquiry the contract was overpriced, with former Comelec Chairman Benjamin Abalos supposedly seeking a $130 million cut with the Palace’s knowledge.
(more…)

Wait, there’s more!: Send Money to the Philippines Remit2Home - it’s fast, easy and reliable.

Makati rally draws huge crowd

makatirally.jpg Makatirally2 Makatirally4
Makatirally3

More than 50,000 people are gathered at the heart of Makati’s central business district for the interfaith prayer rally, most of them demanding President Arroyo’s resignation following damning allegations of corruption over the aborted NBN-ZTE Project.

Ayala Avenue is packed with people from all walks of life and of different political persuasions. The mass began at 4:30 p.m.

Reminiscent of the pre-EDSA 1 protests here, confetti rained from buildings. When the student contingents arrived, they were wildly applauded.
(more…)

Wait, there’s more!: Get cheap domain & hosting from plogHost Powering Ellen’s blog since 2005.