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Difference between revisions of "Marinduque News"
→Moriones: A Festival of Faith
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==P1-M fine for treason proposed== | |||
*Source: http://www.tempo.com.ph/2012/p1-m-%EF%AC%81ne-for-treason-proposed/#.T36KQvAzDQA | |||
*Friday, April 06, 2012 | |||
:by Ben R. Rosario | |||
Manila, Philippines – Citing the rapid devaluation of the peso in the past few years, a neophyte congressman has sought fines of over P1 million for the crime of treason that already carries a penalty of life imprisonment. | |||
In pushing for the approval of House Bill (HB) No. 5828, Marinduque Rep. Lor Allan Jay Velasco presented computations on the inflation rate that has triggered rapid peso devaluation since the Revised Penal Code (RPC) was passed in 1930. The RPC penalizes treason with a maximum life imprisonment and fine of P20,000. | |||
Velasco argued that the RPC based the imposable fine on the | |||
current prices prevailing in 1930 that have long been considered of small value today due to massive inflation and peso devaluation. | |||
“It is in this light that an adjustment of the fine through an amendment is highly in order. In order to uphold the full force and teeth of our penal laws, the punishment for offenses or crimes, including the fine, imprisonment, and civil disqualification components, must be up to date,” said Velasco, a vice chairman of the House Committee on Constitutional Amendments. | |||
However, the administration lawmaker noted that there is no data available for the Consumer Price Index earlier than 1955 in | |||
the Philippines and from 1986 to 1988. Moreover, there had been a total of eight rebasing of base years for the computation of inflation rates. | |||
Given these limitations, Velasco said the year 1955 shall be used as the base year for the computation up to 2011, and disregarding the inflation rate in the years 1986 to 1988, making the derived inflation rate a conservative one. | |||
“Using the derived inflation rate of 8,102 percent, we can now compute the adjusted value of fines after factoring in the change in prices in the country, more precisely the effect of the inflation rate,” Velasco explained. | |||
==Moriones: A Festival of Faith== | ==Moriones: A Festival of Faith== | ||
*Source: http://www.philstar.com/nation/article.aspx?publicationsubcategoryid=200&articleid=794594 | *Source: http://www.philstar.com/nation/article.aspx?publicationsubcategoryid=200&articleid=794594 | ||
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"Such is the essence of Moriones festival. It is not a feast for good harvests or any other else. Moriones is a festival of faith," he said. | "Such is the essence of Moriones festival. It is not a feast for good harvests or any other else. Moriones is a festival of faith," he said. | ||
==New Road To Economic Prosperity In Far-Flung Village Communities== | ==New Road To Economic Prosperity In Far-Flung Village Communities== | ||