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  1. #1

    NBN-ZTE deal beneficial to government — Neda exec

    NBN-ZTE deal beneficial to government — Neda exec

    Written by Tribune
    Tuesday, 01 October 2013 08:00
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    There may not be a case of plunder after all, or at least those charged may just walk.
    A ranking official of the National Economic and Development Authority (Neda) yesterday disclosed that the cancelled NBN-ZTE (national broadband project) was beneficial to the government and that it could have yielded a very substantial rate of return for the country.
    Testifying at the continuation of the graft case at the Sandiganbayan in connection with the botched project, Ruben Reynoso Jr., Neda assistant director general, said that he was then head of the Neda Investment Coordination Committee (Neda ICC) technical team that had reviewed the NBN-ZTE project in 2006.
    Former President Gloria Arroyo, her husband Jose Miguel Arroyo, former Comelec Chairman Benjamin Abalos and former Department of Transportation and Communications (DoTC) Secretary Leandro Mendoza have been charged with graft for their alleged involvement in the botched $329 million national broadband network (NBN) project in 2007.

    Reynoso said his team found the NBN-ZTE project to be beneficial to the government based on both its technical and economic merits.
    Reynoso, who was then the director of the infrastructure staff of the Neda, said the NBN-ZTE deal was “economically viable” because it had a rate of return of 29 percent or almost double the rate of return benchmark set by the Neda for any government contract.
    “The rate of return for every government contract entered into by the government is 15 percent. Anything below that is not economically viable and we do not endorse it subject to some exceptions.
    “However with the broadband project, the rate of return was more than 29 percent or almost double so it was relatively high,” he said.
    When asked about his team’s recommendation, Reynoso said his team endorsed the project to the Neda ICC for approval because “we believe that it was a reasonable investment which is beneficial to the government.”
    He said prior to their evaluation, the NBN-ZTE project was also reviewed by the DOTC, which also endorsed the project which is the reason it reached their office.
    “The project started with the DoTC, they reviewed it and endorsed it to Neda which is the reason we reviewed it,” he explained.
    Finding the project to be viable and beneficial, Reynoso said his team submitted their endorsement to the Neda ICC for approval as required by law. He said the Neda ICC later approved the project and it submitted the approval to the Neda Board for final approval. The Neda Board subsequently approved the project.
    Retired CICT Chairman Ramon Sales also testified during the same hearing and said that his office also found the NBN-ZTE to be “technically feasible” in a conceptual recommendation they had submitted to the Neda Director Romulo Neri."

    Anak ng tok-lay yang mga ABNoyans na yan. Akala mo may alam yun pala puro bobo. Nagdemanda pa. Ginamit pang propaganda yun pala ang laki ng tutubuin sana ng gobyerno dyan. Tang nang kayong mga ***** kayo. Puro pagnanakaw ang nasa utak nyo.

  2. #2
    An NBN project is beneficial, however a deal with ZTE or any Chinese co sucks.

  3. #3
    That's the whole point of cancelling infrastructure projects and defense spending in the first place. Congress wants a bigger pork barrel allocation of which ***** approved 3x bigger than the previous admin's.

    Just look at the irony, all these cancelled projects are later declared clean by the SC then we will begin to see convictions on Pork barrel abuse.

    ***** will go down in history as the most corrupt president, even worse than Erap and Macoy.

  4. #4
    Quote Originally Posted by sugargame View Post
    That's the whole point of cancelling infrastructure projects and defense spending in the first place. Congress wants a bigger pork barrel allocation of which ***** approved 3x bigger than the previous admin's.

    Just look at the irony, all these cancelled projects are later declared clean by the SC then we will begin to see convictions on Pork barrel abuse.

    ***** will go down in history as the most corrupt president, even worse than Erap and Macoy.

    BOBO KASI MGA KARAMIHAN SA PINOY


    HINDI OK SA KANILA MANGUTANG O GUMASTOS ANG PHILIPPINE GOVT FOR INFRA PROJECTS AND EFFICIENCY IN THE SYSTEM

    OK SA MGA GUNGGONG MANGUTANG PARA SA MGA PALAMUNIN NG CCT AT IPAKURAKOT SA MGA OLIGARCHS ANG PERA NG BAYAN



    hay kawawang Pilipinas

  5. #5
    Next nyan North and South Rail naman ang maging laman ng news na beneficial din... haayyyy...

  6. #6
    soundscapes blue_tracer's Avatar
    Join Date
    Apr 2006
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    behind d waterfall
    beneficial or not..

    ang tanong: kumusta na ang infrastructures sa ngayon? last quarter na ng 2013.

  7. #7
    Quote Originally Posted by sink View Post
    An NBN project is beneficial, however a deal with ZTE or any Chinese co sucks.
    No Anti-GMA sentiments from sink?

  8. #8
    Storm Trooper SirZap's Avatar
    Join Date
    Apr 2004
    Location
    sa loob, sa labas
    tama naman na beneficial sa atin yung project... kaso kung paano nagawa yung deal yun ang problem.

  9. #9
    Naniwala kase sa YELLOW MEDIA at ABIAS CBN eh matagal na niloloko nyan ang mga Pilipino!

  10. #10
    if this is true, then the arroyo admin should have done a better job of defending ZTE. but the fact that the GMA admin cancelled it means there was something anomalous going on in the first place.

  11. #11
    http://en.wikipedia.org/wiki/Philipp...rk_controversy

    I'm trying to refresh my memory of this scandal.

    The contract wasn't signed in the first place so there was no harm done. It was only an attempt to steal by bloating the expenses of the original contract proposal. COMELEC chair Abalos was the main culprit. Many say that he was acting on behalf of GMA but NEDA chair Neri actually snitched on him so Malacanang had nothing to do with the controversy. Besides, a project this big will definitely pass through Congress evenually so Abalos was either acting alone or most likely, conspiring with the pork addicts in Congress.

  12. #12
    Quote Originally Posted by booksale View Post
    if this is true, then the arroyo admin should have done a better job of defending ZTE. but the fact that the GMA admin cancelled it means there was something anomalous going on in the first place.
    Assumptions to the fullest. Courtesy of you and your fellow... uhh.... It got cancelled mainly because of media pressure.

  13. #13
    Quote Originally Posted by Taga-dagat View Post
    Assumptions to the fullest. Courtesy of you and your fellow... uhh.... It got cancelled mainly because of media pressure.
    media pressure? baka media scrutiny ang ibig mong sabihin. ang alam ko, si pidal involved diyan.

  14. #14
    Quote Originally Posted by booksale View Post
    media pressure? baka media scrutiny ang ibig mong sabihin. ang alam ko, si pidal involved diyan.
    yan din ang pagkakaalala ko.

    si Joey de Venecia, may BOT offer. ang ZTE naman, utang pero si Pidal at Burjer ang backer.

    totoong tao naman si GMA. hindi siya telenovela character. being a human being, she is not all bad. maybe just bad. haha. nakikinig din siya sa advisers na matino. ang abiso sa kanya ni Mr Solaire, dapat walang gastos ang bansa kasi kahit beneficial ito, mababa sa priority list ng NEDA.

    enter Pidal and Burjer. pinilit nila ang ZTE. inis na inis si Mr Solaire kasi alam niya na yung dalawang tambay ng Wack-wack, kickback lang ang habol. siya ang unang kumontra sa "utang setup" so kanya din tumakbo sila Probinsiyanong ****** na BOT ang alok.

    uminit ulo ni Pidal and Burjer kasi nga mukhang sa BOT na papunta. ang sumunod, almost-liquidation ng promdi. pag kidnap sa kanya, takbo misis niya sa DZMM. si Anthony Taberna ang ang nakaupo. di niya tinigilan ang panawagan hanggang ma-locate. utang ni promdi ang buhay niya kay Tonying.

  15. #15
    http://www.mb.com.ph/gma-still-faces...-nbn-zte-deal/



    GMA still faces graft raps on NBN-ZTE deal
    by Jeffrey Damicog
    July 19, 2016
    Share0 Tweet0 Share0 Email0 Share3
    One down, one more to go.

    image: http://www.mb.com.ph/wp-content/uplo...5/10/9_gma.jpg

    Former president now Pampanga Rep. Gloria Macapagal Arroyo (MB FILE /mb.com.ph)
    Former president now Pampanga Rep. Gloria Macapagal Arroyo
    (MB FILE /mb.com.ph)
    After getting acquitted of plunder, former President and current Pampanga Representative Gloria Macapagal-Arroyo still faces graft charges in connection with the cancelled $329 million National Broadband Network project with the China-based Zhing Xing Telecommunications Equipment, Inc. (ZTE).

    So far, the prosecution has finished its presentation at the trial and formally offered its evidence before the Sandiganbayan Fourth Division last February 1 over charges against her for violating Section 3(g) and 3(i) of Republic Act 3019 (Anti-Graft and Corrupt Practices Act) and Section 7(d) of RA 6713 (Code of Conduct and Ethical Standards for Public Officials and Employees).

    Arroyo do not intend to present her defense at the trial as she filed last July 7 a demurrer to evidence which asked the Sandiganbayan Fourth Division to dismisses the cases after the prosecution failed to prove her guilt.

    “The prosecution’s evidence does not meet this exacting standard. In fact, the prosecution’s evidence does not even come close to meeting this standard,” read her demurrer.

    The case stemmed from a complaint of Jose de Venecia III whose Amsterdam Holdings Incorporated (AHI) lost in the deal as he accused that high-ranking government officials brokered for ZTE to quickly secure the project in exchange for favors. Arroyo eventually cancelled the deal with ZTE due to allegations of irregularities including claims that the project cost got bloated.

    These were the first charges Arroyo faced after the Office of the Ombudsman filed the cases on December 2011 against her and several others.

  16. #16
    Mababang clase ang investigation, prosecution at overall justice system sa Pinas (Supreme Court's area of concern, but ignored?). Kaya maraming nakakalusot.

    Mahina rin ang legal web.

    1. Like the Bank secrecy law, the main reason why financial crimes cannot be investigated as they should be. (Waiting for Du30 to fix this, as he declared during his campaign.)

    2. Like the absence of a strong "preferential transfer law" that would make transfers of assets to others to avoid getting taken back in favor of rightful owners.

  17. #17
    Bck on Topic.

    The issue of "benefits" became only secondary, secondary to issues like the price balooning, allegedly because of officials' take.

    Abalos' aquittal points to where the other cases against GMA are going.

    Weird justice, we have here.

  18. #18
    the project is beneficial but the way of doing business is very muddy.

    I cannot trust the Chinese in business. Do you? Just look how they f*cked up our rights in those contested islands.
    Also, Chinese have been snooping to some confidential documents of almost all corporations and government agencies. Do you want these retards to make our (national broadband project)?

  19. #19
    ..reminds me. Bakit nga pala kasama si Ben Abalos eh di ba Comelec Chairman siya nun?
    Dahil ba makikinabang ang ahensiya nya (COMELEC)? Hihingi daw siya porsyento nun eh. Yun ang maingay na kwento dati..

  20. #20
    Quote Originally Posted by _UP_ View Post
    the project is beneficial but the way of doing business is very muddy.

    I cannot trust the Chinese in business. Do you? Just look how they f*cked up our rights in those contested islands.
    Also, Chinese have been snooping to some confidential documents of almost all corporations and government agencies. Do you want these retards to make our (national broadband project)?
    One reason I was against the project. The Chinese cannot be trusted.

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