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Archive for June 4th, 2008

Yano assures business military adventurism ‘licked’

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By Joel Guinto
INQUIRER.net
First Posted 18:10:00 06/04/2008

MANILA, Philippines — Armed Forces chief Lieutenant General Alexander Yano assured business leaders on Wednesday that the “problem” of military adventurism has been “licked.”

Yano became the first Armed Forces of the Philippines (AFP) to set foot on the Philippine Stock Exchange (PSE) trading floor, where he rang the closing bell even if he was late, arriving 30 minutes after trading closed at 12:10 p.m. because he had been held up at his confirmation hearing at the Senate, where he was recommended to a four-star general promotion.

The irony was not lost on Yano, who noted that the sites of past military uprisings were within a “five-kilometer radius” from the Ayala Stock Exchange building, in the heart of the country’s financial district.

The military chief later met with business leaders over lunch at the PSE board room, where PSE President Francisco Lim announced that the bourse would host seminars for soldiers about their investment options.

“I know that you are all concerned, not just because you are in business, but almost always [you are] the target of military adventurism,” Yano said in a speech.

“I am happy to tell you that there had been no additional personalities aside from those core leaders that have been detained,” Yano said, referring to suspected coup plotters. “We feel that that we have successfully licked the problem.”

On November 29, 2007, Senator Antonio Trillanes IV, a former Navy lieutenant, and Army Brigadier General Danilo Lim led the Magdalo group of rebel soldiers in a siege of the Manila Peninsula Hotel to press for President Gloria Macapagal-Arroyo’s resignation on corruption and election fraud charges.

On July 27, 2003, the Magdalo group seized the former Oakwood luxury apartments to protest alleged corruption in government, and the military’s alleged involvement in bombings in the south.

In December 1989, the bloodiest coup attempt against former president Corazon Aquino was staged in the Makati business district. Lim and Marine Colonel Ariel Querubin, who were then junior officers, were key players in that attempt.

Yano said he was holding dialogues with soldiers, warning them against adventurism, and with politicians, businessmen, and other stakeholders, to warn them against agitating the troops to intervene in politics.

The military chief said he was telling soldiers that military adventurism is a “serious offense” that could lead to jail time, and that unlike in the past, they could not get out of the charges with mere push-ups.

“[If] every time there is an upheaval in our country, we would call on the military as a quick fix, easy solution then we are not trying to nurture that young democracy,” he said.

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Written by joelguinto

Wed+00:002008-06-04T10:28:10+00:00+00:0006b+00:00Wed, 04 Jun 2008 10:28:10 +0000 22, 2006 at 12:45 am06

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Yano: External defense ‘deficient’ due to lack of gear

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Modernization after internal foes defeated

By Joel Guinto
INQUIRER.net
First Posted 16:59:00 06/04/2008

MANILA, Philippines — Armed Forces of the Philippines (AFP) chief of staff Lieutenant General Alexander Yano is bent on modernizing the military’s hardware, acknowledging the country’s external defense capability is “a little deficient” due to the lack of equipment.

He said the military would start building up the capabilities of the Air Force and the Navy to guard the country’s territory, once security forces neutralize internal security threats, including the communist insurgency and Islamic extremist groups.

Yano said the military was focusing on “move-shoot-communicate” equipment, mainly for the Army, the primary fighting force against internal threats, while, at the same time, “laying the groundwork” for the transition to external defense operations.

“It [external defense] may not happen during my term, [but we will] make sure that we have the proper plans to transition the next stage,” Yano said, adding, “And that is where the real AFP modernization will come into play, where the big ticket items of the Air Force and the Navy will come into play.”

“To be very frank with you, our capability as far as these aspects are concerned is a little deficient, we cannot really defend all these areas [country’s borders] because of a lack of equipment,” he said in a speech before business leaders at the Philippine Stock Exchange.

The Navy and the Air Force are running on a fleet of mostly refurbished sea and air craft from abroad, mostly from the country’s long-term military ally, the United States.

The military’s most recent acquisitions include squad automatic rifles for the Army. It is also set to procure night-capable attack helicopters, but these will be used for counter-insurgency operations.

President Gloria Macapagal-Arroyo has given security forces until the end of her term in 2010 to “defeat” the communist New People’s Army (NPA), “destroy” the Al Qaeda-linked Abu Sayyaf and Jemaah Islamiyah (JI), and “contain” the Moro rebellion.

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Written by joelguinto

Wed+00:002008-06-04T09:52:48+00:00+00:0006b+00:00Wed, 04 Jun 2008 09:52:48 +0000 22, 2006 at 12:45 am06

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Yano rings close of trading at PSE

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First AFP chief to visit bourse

By Joel Guinto
INQUIRER.net
First Posted 12:56:00 06/04/2008

MANILA, Philippines — Armed Forces of the Philippines (AFP) chief of staff Lieutenant General Alexander Yano rang the ceremonial closing bell at the Philippine Stock Exchange (PSE) in Makati City on Wednesday.

It was the first time a military chief visited the local bourse, PSE president Francis Lim said.

Yano actually arrived after the market closed, apologizing for being late as he was held up at his confirmation hearing at the Senate.

He was nevertheless allowed to ring the bell.

Lim stressed the importance to capital markets of guarding against military adventurism.

“We should thank General Yano for instilling discipline [in the military],” Lim said.

Lim also announced that the PSE would host lectures for soldiers about investing in securities.

View article as posted on INQUIRER.net

Written by joelguinto

Wed+00:002008-06-04T09:51:49+00:00+00:0006b+00:00Wed, 04 Jun 2008 09:51:49 +0000 22, 2006 at 12:45 am06

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