Arroyo Spratlys deal impacts on balance of power in Asia

Last Tuesday, as Filipinos were glued to their radio and TV sets following the latest development in the great rip-off, which is the NBN/ZTE deal, detained Sen. Antonio Trillanes IV filed Resolution No. 309 asking the Senate to investigate the agreement signed by Gloria Arroyo with China in September 2004 to explore areas in the South China Sea including parts belonging exclusively to the Philippines.

Trillanes’ resolution directs the Committees on Accountability of Public Officers and Investigations (Blue Ribbon), National Defense and Security, and Environment and Natural Resources to undertake the investigation after Malaya came out with a report last week that what Malacañang once dubbed as a “landmark” agreement to jointly explore parts of the disputed islands in the Spratlys is actually a “treacherous sellout of Philippine interest and Philippine sovereignty in exchange fro overpriced loans for anomalous projects which include the ZTE-NBN deal, the North Rail and South Rail projects, the Department of Education’s Cyber-Ed project among others.”
(more…)

Wait, there’s more!: Earn money from your blog! Sell link ads and blog your way to the bank.