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Standing by their man. Found guilty by the Sandiganbayan, former president Joseph Estrada remains loved by the mass of supporters who gave him a landslide presidential victory in 1998 and who, despite the court ruling, continue to protest his innocence.--Rhoy Cobilla

HEADLINES
Guilty of plunder

THE Special Division of the Sandiganbayan on Wednesday convicted former President Joseph Estrada on two counts of plunder and sentenced him to life imprisonment, but did not commit him to the National Bilibid Prison in Muntinlupa.

LINK to full text of Sandiganbayan decision on Estrada plunder case 

http://sandigan6.googlepages.com/cc26558.htm

http://sandigan6.googlepages.com/cc26558CONCURRINGOPINION.htm 

LINK to full text of Sandiganbayan decision on Estrada perjury case

http://sandigan6.googlepages.com/cc26905.htm

Businessmen rejoice over peaceful reaction

NOW that the Court has decided on the plunder case against former President Joseph Estrada, the business community sighed with relief that no rioting erupted, although, on second thought, the longer-term effect of his conviction drew mixed expectations—mostly rosy from businessmen and rather less sanguine from economists.

Relief! Peso, stocks gain after verdict

PHILIPPINE stocks rose for the first time in three days after former President Joseph Estrada was convicted of plunder, easing concern his supporters would have used an acquittal to challenge the government’s authority.

Guilty! But special considerations for accused show flawed system

IT may take some time before the debates end in reaction to the much-anticipated landmark ruling on the first criminal trial involving a former President of the Republic.

Teves to work with PCGG on forfeited Estrada assets

Finance Secretary Margarito Teves plans to coordinate with the Presidential Commission on Good Government (PCGG) regarding the hundreds of millions of pesos worth of properties of former President Joseph Estrada that have been forfeited in the government’s favor.

9/11? Fil-Ams prefer Erap news

SAN FRANCISCO—The sixth anniversary of the September 11 terrorist attacks in the US did little to steal a very important day in Philippine history in the minds of Filipinos here.

UBS buys 5% PNB stake

Union Bank of Switzerland AG or UBS has bought into the Philippine National Bank, the Swiss investment bank said in a disclosure to the Philippine Stock Exchange on Wednesday.

Banks more prepared for financial risks

The capacity of various banks to withstand so-called credit and market risks increased significantly as of end-March this year, the Bangko Sentral ng Pilipinas (BSP) said on Wednesday.

Critics vow to seek TRO if JPEPA is ratified

THE Fair Trade Alliance (FTA) said they plan to immediately seek a temporary restraining order and later an injunction from the Supreme Court (SC) should the Japan-Philippines Economic Partnership Agreement (JPEPA) is ratified by the Senate.

Asia’s appetite for luxe items seen surging

STRONG demand for luxury goods and services is seen growing in triple digits over the next decade, according to the latest MasterCard Worldwide Insights report.

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Stylish minimalist Komei Nosaka, Sony’s senior sales manager for IT channel development division, tries out the VAIO Sony TZ notebook during its launch in the business and financial district of Makati. The TZ series notebook comes in full flat design the incorporates stylish minimalism in its overall architecture. --NONIE REYES

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