Palace on Comelec cash ban: Hold it!

By Willard Cheng, ABS-CBN News

Posted at May 08 2013 03:22 PM | Updated as of May 08 2013 11:22 PM

MANILA - President Aquino has instructed the relevant Cabinet secretaries to study the impact of the Commission on Elections (Comelec) “cash ban.”

This is after the Palace received complaints and concerns about the ban, according to deputy presidential spokesperson Abigail Valte.

The Palace is also taking into consideration the position of the Bangko Sentral ng Pilipinas (BSP) opposing the resolution.

With only five days before the elections, the study is considered “urgent.”

“It is an urgent matter and the appropriate Cabinet Secretaries will be studying the impact of it,” Valte said.

“We have to look at the consequences of the resolution. While the Comelec, as I have earlier stated, we understand perfectly the objective. Kasi ang pinupuntirya nila is ‘yung labanan ‘yung vote-buying and nobody will disagree that that is an objective that should be—that is under the mandate of the Comelec. However, given the concerns that have been raised, not just by the BSP but also by several groups from the time that the news broke, these consequences will have to be looked into,” Valte said.

Asked what the executive can do, Valte said the Palace could make an appeal with the commission.

“As we always do with independent constitutional commissions, we can make certain appeals if warranted,” she said.

The Cabinet secretaries conducting the study are Justice Secretary Leila de Lima, Trade Secretary Gregory Domingo, and Finance Secretary Cesar Purisima.