Palace defends martial law, allays fears of stock brokers

December 10, 2009 11:19 pm 

MANILA, Dec. 10 — Malacañang on Thursday said there is no reason for stock brokers to fear the declaration of martial law in Maguindanao, ssaying it is limited in scope and time.

In a press conference, Spokesperson for Economic Affairs Professor Gary Olivar told businessmen that the emergency measure was meant to arrest key suspects in the Maguindanao massacre, quell a possible rebellion and restore peace and order in the province.

“When we talk about martial law and whether or not it is to be feared or welcomed in the context of what has happened, I think these are facts that we should keep in mind. I think the stock brokers being the rational people that they are would take this into account,” he said.

Olivar debunked allegations that martial law will later cover the entire country, saying those claims are the handiwork of critics of President Gloria Macapagal-Arroyo. They have no factual basis, he said

Analysts’ fears stemmed from the decline of the main composite index which dropped below the 3,000 benchmark for the first time in the last four weeks. (PNA)



One Response to “Palace defends martial law, allays fears of stock brokers”

  1. Limtan on December 11th, 2009 10:34 am

    Gloria came into power “unconstitutionally”
    She uses the “power” unconstitutionally
    The Constitution is no more; she doesn’t want to listen to it.
    The reason is, she wanted to destroy the constitution.
    for her to change it!

    Rebellion by wiki = to violent and organized attempts to destroy an established authority such as the government/state which is under the constitution
    So, I ask you, who’s the rebel now?!
    If yours still on her tail, you better analyze on which state of mind your at?!