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The Federation of Filipino-Chinese Chambers of Commerce and Industry Inc. (FFCCCII) over the weekend asked senators to exercise caution before granting the request of the House prosecution to subpoena the bank documents of the Chief Justice.

According to an FFCCCII official who talked to The Manila Times on condition of anonymity, opening Corona’s bank accounts will destroy the trust in the banking system in the country.

Voting 13-1, the Senate approved on third reading the Cybercrime Prevention Act of 2012 (Senate Bill No. 2796) which establishes a legal framework for the investigation, apprehension, and prosecution of perpetrators of Internet-related crimes such as identity theft, fraud, hacking, and child pornography.

“This bill is the product of collaboration not only among my fellow lawmakers, but also with many experts and resource persons,” said Angara, chair of the Senate Committee on Science and Technology.

In his first foray at 122-pounds, Donaire (28-1, 18 KO) won a his fourth title in as many weight classes, by a perplexing split decision that many saw as a clear unanimous victory.

Judges Levi Martinez and Don Trella scored it 117-110 for Donaire, but judge Ruben Garcia saw it an unfathomable 115-112 for Vazquez.

Buying momentum on shares may continue after the local equities market resumed its climb to fresh record levels in the previous week.

“February is off to a good start and, except for concerns borrowed from overseas, it may be expected to sustain this trend,” said Jun Calaycay of Accord Capital Equities Corp.

On Thursday, the Philippine Stock Exchange index (PSEi) set a new record high of 4,822.08 before succumbing to profit-taking at the close of the week’s trades. Immediate support is at the 4,650 level with resistance at the 4,850 to 4,900 range.

The market begins with the January inflation report due on Tuesday and stable consumer prices may second the move of the Bangko Sentral ng Pilipinas (BSP) to reduce key lending rates.

Private sector economists projected inflation rate will remain manageable toward 2014, with mean forecasts falling well within the Bangko Sentral ng Pilipinas (BSP) target.

Based in the results of the BSP’s survey of private economists for December 2011, inflation is expected to be within the 3 percent to 5 percent target range for both 2012 and 2013.

The mean inflation forecasts eased to 4.2 percent and 4.1 percent in the fourth quarter, respectively, compared to 4.3 percent and 4.5 percent in the previous quarter, which were estimated to be at 4.3 percent and 4.2 percent.

“Analysts noted that the early part of 2012 could lead to increased inflation pressures due to agricultural constraints as a result of the damage wrought by Typhoon Sendong. Nonetheless, the continuing weak global economic growth could help temper domestic inflationary pressure,” BSP Deputy Governor Diwa Guinigundo said.

UNIVERSITY of Perpetual Help System Dalta is aiming for at least two titles today when they play Game 2 of the men’s and women’s finals in the 87th National Collegiate Athletic Association (NCAA) volleyball tournament at the Ninoy Aquino Stadium.

The Lady Altas stretched to full five sets and needed almost two hours before escaping with a 25-16, 23-25, 25-27, 25-20, 15-10 win over Letran Lady Knights in game One on Friday.

They will gun for the clincher in their 3:30 p.m. match, while the Altas, a 28-26, 25-22, 25-22 winner over San Beda Red Lions also in the opening game of the titular series will try to annex their second straight championship in the 2 p.m. encounter.

A DAY after unbeaten American Floyd Mayweather Jr. had announced his May 5 bout against Puerto Rican Miguel Cotto, the bout between Filipino Manny Pacquiao and American Timothy Bradley is finally shaping up.

Top Rank Promotion chief Bob Arum and President Todd DuBeof are set to meet with Pacquiao’s adviser Michael Koncz and Cameron Dunkin, the manager of undefeated junior welterweight champion Timothy Bradley, in San Antonio, Texas on Thursday.

They are expected to finalize the details of a possible June 9 title fight between the World Boxing Organization welterweight champion Pacquiao and the World Boxing Association junior welterweight Bradley