KapitBisig.com Philippines

Even the police negotiator in the Manila bus hostage-taking incident was surprised at its bloody outcome.

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Manila, Philippines — Finance Secretary Cesar V. Purisima on Tuesday gave the green light to his staff to launch the government's first overseas peso-denominated borrowings to take advantage of the favorable market conditions.

Amid speculations that the government will issue up to $1 billion peso global bonds as early as this week, Purisima admitted that he already instructed his staff to launch the maiden peso bonds if there is a best opportunity.

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Deputy Ombudsman for military and other law enforcement offices Emilio Gonzales III has refused to appear before the incident investigation and review committee (IIRC) to shed light on allegations that he had tried to extort P150,000 from hostage taker Rolando Mendoza.

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