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Category: Economy

President Aquino and the question of trustworthiness

Posted on February 18, 2012July 25, 2013 By FallenAngel 132 Comments on President Aquino and the question of trustworthiness
President Aquino and the question of trustworthiness

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 from…

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Economy, Government, Politics, Society

So is Raissa Robles the ‘small lady’?

Posted on February 12, 2012September 14, 2018 By benign0 36 Comments on So is Raissa Robles the ‘small lady’?
So is Raissa Robles the ‘small lady’?

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 of…

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Crime, Economy, Media, Money Talks

Collateral Damage

Posted on February 10, 2012 By a 8 Comments on Collateral Damage
Collateral Damage

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 prosecution,…

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Crime, Economy, Money Talks

The SC can stop the trial if there is grave abuse of power by any branch of government

Posted on February 10, 2012 By Ilda 139 Comments on The SC can stop the trial if there is grave abuse of power by any branch of government
The SC can stop the trial if there is grave abuse of power by any branch of government

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 then…

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Crime, Economy, Government, Media, Politics

Who ‘killed’ the Philippine banking industry?

Posted on February 10, 2012 By benign0 13 Comments on Who ‘killed’ the Philippine banking industry?
Who ‘killed’ the Philippine banking industry?

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…

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Economy, Media, Money Talks

Ill-gotten evidence used to prove ill-gotten wealth

Posted on February 8, 2012February 8, 2012 By benign0 3 Comments on Ill-gotten evidence used to prove ill-gotten wealth
Ill-gotten evidence used to prove ill-gotten wealth

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 consistently…

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Economy, Money Talks, Politics

AirAsia one-ups ‘bouncy’ Cebu Pacific flight attendants

Posted on February 7, 2012June 4, 2013 By benign0 4 Comments on AirAsia one-ups ‘bouncy’ Cebu Pacific flight attendants
AirAsia one-ups ‘bouncy’ Cebu Pacific flight attendants

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, Angeles…

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Economy, Glitz and Glamour

Impeachment and looming bank runs: Is economic plunder the real agenda of the Second Aquino Administration?

Posted on February 7, 2012February 7, 2012 By benign0 29 Comments on Impeachment and looming bank runs: Is economic plunder the real agenda of the Second Aquino Administration?
Impeachment and looming bank runs: Is economic plunder the real agenda of the Second Aquino Administration?

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 Renato…

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Crime, Economy, Government, Media, Politics, Society

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