Immigration chief defends deportation to China, won’t quit MANILA, Philippines?The acting head of the Bureau of Immigration on Friday dismissed calls for his resignation amid the Philippines? row with Taiwan regarding the deportation to China of 14 Taiwanese earlier this month. ? The Pilipino Manpower Agencies Accredited to Taiwan earlier called on the Department of Justice, the bureau? Ledesma said he was only doing his job when his office ordered the deportations, adding, ? President Aquino? Taiwan? The Taiwanese were deported anyway; the Court of Appeals as asked the immigration bureau and the DoJ to justify its actions.
Colombia's Interbolsa brokerage to be liquidated PHL govt to help Filipino workers in Taiwan despite mission 'failure' - Pinoy Abroad - GMA News Online - The go-to site for Filipinos everywhere - Latest Philippine News Despite the seeming failure of a mission to mend Philippine-Taiwan ties after the deportation of 14 Taiwanese to China earlier this month, Philippine officials vowed on Wednesday to continue easing the impact of Taiwan's punitive measures against Filipino workers. Manila Economic and Cultural Office Chairman Amadeo Perez Jr. stressed this on Wednesday, hours before he was scheduled to return to Manila to meet with Labor officials on the matter. “Hindi yan ang katapusan. Gumagawa kami ng paraan para mapalamig ang ulo nila. However, Perez was saddened over the treatment he and former Senator Manuel Roxas II allegedly received from Taiwanese officials on Tuesday, when their statement of "deep regret" for what happened was rejected. He said he and Roxas may have been used as political props of sorts to give the Taiwanese government a boost over its critics. The deportation prompted Taiwan to tighten requirements for Filipino workers seeking work there.
Genstar In Hunt for Another Confie-like Brokerage Now that it has sold its equity stake in Hispanic-focused auto insurance broker Confie Seguros, Genstar Capital LLC appears to be on the hunt for another insurance concern. The San Francisco, Calif.-based private equity firm on Friday sold off its investment in Confie Seguros to Boston-based private equity firm ABRY Partners. Terms of the deal were not disclosed. Genstar partnered with insurance executives in 2008 to establish Confie Seguros, and the Buena Park, Calif.-based company has grown to over 300 retail locations with annual revenues of more than $200 million. Genstar’s next move, according to Ryan Clark, a managing director at the firm, may be similar to what it did in its Confie Seguros investment with another brokerage, or a managing general agent, yet with a few key differences. Genstar won’t build out another Hispanic-focused automobile insurance concern. “We’re out looking more at something different than Confie, more commercial lines maybe,” Clark said.
Filipinos rally against retaliation Hundreds of labor activists and migrant workers from the Philippines yesterday staged a protest in front of the Presidential Office to protest the administration’s freeze on hiring Filipino workers after 14 Taiwanese suspected of fraud were deported from the Philippines to China on Feb. 2. Following the visit by a Philippine emissary who refused to make the apology expected by Taipei, the government took measures that virtually put a freeze on the hiring of Filipino laborers. Several migrant and international worker associations, such as KaSaPi, Ikatan Pekerja Indonesia Taiwan, Taiwan International Workers Association (TIWA) and other labor groups, gathered at Ketagalan Boulevard to emphasize that Filipino migrant workers and their employers were innocent and that punishing them for Manila’s actions was unreasonable and a violation of their rights. The longstanding friendship between the Philippines and Taiwan should be valued despite the recent dispute, Roy Loyola said.
Brokerage views on JP Associates, SpiceJet, Max India, Bharti Airtel ET Now Nov 15, 2012, 10.59AM IST Read on to know what brokerages have to say about select stocks that are likely to be in action today: JP Associates: Bank of America Merrill Lynch maintains 'buy' on JP Associates, but has marginally upped the price target from Rs 112 to Rs 115. The brokerage says a jump in free cash flow and deleverage over FY12-15 remain the key catalysts. BofA-ML advises 'buy' on JP Associates as its trades at 21 per cent discount to NAV estimates. SpiceJet Ltd: Kotak Securities maintains 'buy' on SpiceJet, but has upped the price target from Rs 45 to Rs 50. The brokerage says any reduction on the cost front led by declining fuel prices and/or appreciating rupee could bring a string of profitable quarters leading to sustained outperformance. Telecom Sector: Bullish on Bharti Airtel, Idea Cellular Kotak Securities has upped the price targets for telecom stocks after a damb squib response to 2G auctions.
VP, ex-Philippine president discuss deportation dispute Taipei, March 7 (CNA) Vice President Vincent Siew and formerPhilippine President Fidel Ramos agreed Monday that Taiwan and thePhilippines should resolve a month-long diplomatic row as soon aspossible to restore relations. The senior politicians held a breakfast meeting on the last dayof Ramos' five-day visit to Taiwan and discussed a wide range ofissues, said Matthew Lee, director-general of the Department of EastAsian and Pacific Affairs under the Ministry of Foreign Affairs. Siew and Ramos did not speak to reporters after the one-hourmeeting in downtown Taipei, which was Ramos' last engagement on histour that was focused on attending a golf tournament and leading adelegation of businessmen from the Philippines to explore businessopportunities in Hsinchu, Nantou and Changhua cities in Taiwan. Taipei and Manila should also establish a mechanism for mutuallegal assistance to combat transnational crime, Lee quoted Siew assaying. (By Chris Wang) enditem /pc
Taiwan recalls envoy to PHL over 14 deportees - Nation - GMA News Online - The go-to site for Filipinos everywhere - Latest Philippine News (Updated 10:32 p.m.) Taipei is recalling its de facto ambassador to the Philippines following the “inhumane" deportation of Taiwanese citizens to the People’s Republic of China, saying that the “unpleasant incident" may impact negatively on some 80,000 Filipino workers in Taiwan. Special representative Donald C.T. Lee of the Taiwan Economic and Cultural Office (TECO) also demanded an apology from the Aquino administration for deporting 14 Taiwanese to mainland China instead of Taiwan, amid protests from Lee and the Taiwanese’s lawyers. “I strongly believe that the Philippines owes the Republic of China (Taiwan) an apology for the said unfortunate event," Lee said in a statement read Wednesday at a press briefing at TECO in RCBC Makati. “The Philippines must show goodwill and exert extra efforts to repair the good relations between our two countries, which has been damaged by the very unpleasant incident. Barred by BI officials “I will be recalled. One-China policy
Gov't mounts drive for return of suspects sent to China Premier Wu Den-yih said yesterday that Beijing should send the suspects back to Taiwan based on the Cross-Strait Agreement on Joint Crime-Fighting and Judicial Mutual Assistance, a bilateral agreement on combating crime. The 14 Taiwanese suspects were deported in early February together with 10 Chinese citizens arrested in Manila in December last year on charges of swindling victims of US$20 million in scams targeting mainly mainland Chinese. A statement by China's Ministry of Public Security says Chinese police escorted 24 suspects back to China. It did not elaborate. The Ministry of Foreign Affairs (MOFA) in Taipei has already lodged a strong protest against the Philippines government's handling of a cross-border fraud case, calling it a "violation of the jurisdiction principle of nationality and its own legal procedures." Some legislators in Taiwan have asked that MOFA recall the nation's representative to Manila as part of more concrete protest actions.