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Results 1 to 14 of 14
  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
    Bron w/ Pacroids Objection's Avatar
    Join Date
    Jun 2011
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    SWAG 8==D
    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
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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
    Prophet of Doom SirZap's Avatar
    Join Date
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    sa loob, sa labas
    tama naman na beneficial sa atin yung project... kaso kung paano nagawa yung deal yun ang problem.

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  10. #9
    Naniwala kase sa YELLOW MEDIA at ABIAS CBN eh matagal na niloloko nyan ang mga Pilipino!

  11. #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.

  12. #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.

  13. #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.

  14. #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.

  15. #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.

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