This work is licensed under a Creative Commons Attribution-ShareAlike 3.0 Unported License.
Following the landmark decision coming from the Senate court trying the impeachment of Chief Justice Renato Corona to uphold a Supreme Court restraining order on the opening of Corona’s dollar accounts, much attention has now been directed to the Philippines’ “archaic” bank secrecy laws. According to also secret United States embassy cables revealed by...
In the President’s speech last February 16 at La Consolacion college, he raised the following point (translated from the original text): “The question that this impeachment trial seeks to answer is simple: can we still trust Chief Justice Corona?” Until the Chief Justice (CJ) and his defense team present their side, we must refrain...
As the circus that is the impeachment trial of Supreme Court Chief Justice Renato Corona drags on, there is much collateral damage being wrought upon the already fraying society of the Philippines. One is the spectre of a constitutional crisis now casting a pall over the nation’s hallowed institutions. The other is the undermining...
Recently, an unexpected twist has occurred in the highly controversial impeachment trial of Chief Justice Renato Corona; the Senate has allowed the prosecution’s issuance of subpoenas on bank executives to testify in court regarding the respondent’s bank records. This surge of excessive liberality on the Senate’s behalf seemingly fuelled the dying momentum of the...
The impeachment trial of Supreme Court Chief Justice Renato Corona has certainly divided the sentiments of the Filipino people. There are Filipinos who side with the prosecution in condemning the Chief Justice despite the absence of hard evidence; there are Filipinos who side with upholding the rule of law and respecting the institutions; and...
Word hit the streets the other night that renowned “investigative journalist” Raissa Robles could be the “small lady” referred to by Oriental Mindoro Rep. Rey Umali as the “anonymous source” of an envelope allegedly filled with bank documents. We’ll get to that in a while. Do recall first how on the 7th of Feb...
The Philippine banking system is out of luck. Trust is the key component of the social capital deficit that saps Philippine society of the substance and conviction needed to do things properly and aspire to greatness. Even as the honourable statesmen of the Philippine government debate its definition, the broader swath of Philippine society...
Southeast Asia’s biggest budget airline is set to open its Philippine operations following the recent approval of its air operator certificate (AOC) by the Civil Aviation Authority of the Philippines (CAAP). AirAsia Philippines will be operating out of the Diosdado Macapagal International Airport in the former United States Air Force base in Clark Field,...
Looks like the venerable Philippine Savings Bank (PS Bank) is the next hapless chump thrust into the circus spotlight. In the usual tradition of the way the prosecution habitually pre-empts any court order to authorise any of its police activities, an “envelope” delivered by a shadowy “small lady” allegedly containing Supreme Court Chief Justice...
Well, not really. Hacienda Luisita Inc (HLI) is not a publicly-listed company and therefore we can only do thought experiments on how the price of some hypothetical HLI shares floating in the equity market would react to the news of Iloilo Representative Niel Tupas Jr’s removal as head of the prosecution team in the...
