This family, since they are in the position their major rules is to sell all Properties of the Philippines. They keep talking about Marcos that he is the reason why our country is POOR. And they always say that they fought against Marcos for our Freedom? what kind of Freedom? Freedom to sell anything that government owned? Freedom to steal our Money? Freedom to change the Name of all infrastructure that built by Former Pre. Marcos?...
1st is Cory Aquino and her allies. Their family is the major beneficiaries of all Government Owned one of those are the Philippine Air Lines or PAL she approved in January 1992 the sale of 67% of the stocks of the Philippine Air Lines (PAL) to an investment group headed by her relatives, composed of one of her Tanjuatco nephews and three of her Cojuangco nephews. The sale resulted in a loss of USD 300-million plus for the Filipino people. The Philippine government, through the Government Service Insurance System (GSIS), owned the shares. And worse, her nephews did not even have the money to pay for the airline stocks. They borrowed the money that they used to pay the GSIS from three Philippine government-owned banks, even using the PAL stocks as collateral. “The PAL Scandal,” where Cory authorized in 1992 the sale of the PAL Building in San Francisco, California. It resulted, according to the column of the late journalist Louie Beltran, into a USD 6-million loss to the national airline. Cory did not charge Mr. Beltran with libel on this issue about the PAL Building. She, however, did file a libel case against Mr. Beltran and his publisher, Maximo V. Soliven on a separate issue, when Beltran wrote that Mrs. Aquino “hid under her bed during a coup d’etat attempt at the presidential palace in Manila”. And the assets of the Marcoses, the Romualdezes and their cronies were supposed to have been sequestered by the new Aquino administration, but Kokoy Romualdez’s (Ferdinand Marcos Sr.’s brother in law) 38 companies, which were worth billions of pesos, were not turned over to the Presidential Commission on Good Government. Cory instead during her first months in office, permitted the transfer of these 38 companies to her own brother-in-law, Ricardo “Baby” Lopa. What’s worst, was the fact that all 38 companies were bought back by Lopa during the transfer for the price of only USD 227,000. The same case happened with the ownership of the Philippine Long Distance Company. Instead of sequestering the company for the Philippine government (as it was then controlled by the Marcos cronies), she returned the billion-dollar company to her Cojuangco nephews. She claimed that her nephews were illegally eased out by Mr. Marcos. The truth was that the Marcos cronies, whether their money were ill-gotten or not, paid the Cojuangcos the prevailing market-stock prices during the sale of equity that happened between them at the time when Marcos was still president.
2nd is Gloria Arroyo she sold the spratly islands to the China. We were sold by the previous Gloria Macapagal-Arroyo to China by signing an agreement of joint exploration with China state-Owned China national oil company and the Philippines without informing the congress!! Now our current govt. is having problems in asserting out claims on the Spratlys.
WIKILEAKS: CHINA USED ZTE TO BUY GMA INFLUENCE; A 'TYPICALLY' CHINESE DEAL
MANILA, AUGUST 27, 2011 (TRIBUNE) By Michaela P. del Callar - The United States did not see as a threat the flourishing ties between the Philippines and China during the past administration of former President Gloria Arroyo but said the anomalous National Broadband Network (NBN) deal awarded to Chinese supplier ZTE was "typical of the deals that China reportedly uses worldwide to make friends and buy influence," a 2008 U.S. Embassy cable released yesterday by online whistleblower Wikileaks stated.
Then U.S. Ambassador to Manila Kristie Kenney, in her April 28, 2008 cable labeled as "sensitive," believes the U.S. remains a reliable ally of the Philippines despite Manila's increasing engagement with Beijing as corruption and graft-tainted projects entered into by the two countries had cast a dark cloud over its intensifying relations.
"Strengthened Philippine-People's Republic of China ties do not imply a weakening of our strong bonds with the Philippines," the cable said. "Recent scandals have reawakened long-held views among Filipinos that link ethnic Chinese to corrupt practices."
The scuttled deal between Chinese firm Zhong Xing Telecommunication Equipment Co., Ltd., or ZTE and the Arroyo administration, is an allegedly overpriced deal that was supposed to establish a nationwide telecommunications network such as broadband Internet services, video conferencing, landline, mobile phone calls and e-mail requirements for all government agencies from the national to the local level.
Arroyo, her husband Jose Miguel Arroyo and close political allies reportedly received millions of dollars worth of bribes from the Chinese firm, according to witnesses who testified before Senate hearings.
"Unlike the World Bank, the IMF, and many bilateral providers of assistance here, China does not link its aid to issues such as good governance, rule of law, or respect for human rights."
Thus, "public skepticism and scrutiny have underlined shortcomings in China's soft power efforts," Kenney said. .
The U.S. and China have been at loggerheads in Asia, where they have tried to court support and expand security and economic clout. In recent years, the Philippines' bilateral relations with China, particularly the economic aspect of its ties, increasingly became more dynamic and vibrant than the U.S. In 2008, Kenney said bilateral trade figures surged to a record high of $30.62 billion, an almost 10-fold increase from the $3.14 billion in 2000.
But the worst is Aquino Family, because what they are doing is just changing the name of the most popular/famous place and infrastructure here in the Philippines. An the new PENDING PETITION for changing name is EDSA and NLEX both of those are trying to change the name into cory`s name. If they are really a HERO and they have a lot good deeds why they still need to change the name just to remember them?. Its sound annoying when you are going the the place that the name start with Ninoy or Cory Aquino. Although what Former President Gloria did is also terrible, but for me Aquino is still worst compare to GMA.
MARCOS is not included because he didn`t sell anything that government owned. If do you have a problem regarding the corruption issue about him that is a different topic and not fit to this topic. You can read or vote who is the most corrupt president in the Philippines here from Marcos to the Present.
1st is Cory Aquino and her allies. Their family is the major beneficiaries of all Government Owned one of those are the Philippine Air Lines or PAL she approved in January 1992 the sale of 67% of the stocks of the Philippine Air Lines (PAL) to an investment group headed by her relatives, composed of one of her Tanjuatco nephews and three of her Cojuangco nephews. The sale resulted in a loss of USD 300-million plus for the Filipino people. The Philippine government, through the Government Service Insurance System (GSIS), owned the shares. And worse, her nephews did not even have the money to pay for the airline stocks. They borrowed the money that they used to pay the GSIS from three Philippine government-owned banks, even using the PAL stocks as collateral. “The PAL Scandal,” where Cory authorized in 1992 the sale of the PAL Building in San Francisco, California. It resulted, according to the column of the late journalist Louie Beltran, into a USD 6-million loss to the national airline. Cory did not charge Mr. Beltran with libel on this issue about the PAL Building. She, however, did file a libel case against Mr. Beltran and his publisher, Maximo V. Soliven on a separate issue, when Beltran wrote that Mrs. Aquino “hid under her bed during a coup d’etat attempt at the presidential palace in Manila”. And the assets of the Marcoses, the Romualdezes and their cronies were supposed to have been sequestered by the new Aquino administration, but Kokoy Romualdez’s (Ferdinand Marcos Sr.’s brother in law) 38 companies, which were worth billions of pesos, were not turned over to the Presidential Commission on Good Government. Cory instead during her first months in office, permitted the transfer of these 38 companies to her own brother-in-law, Ricardo “Baby” Lopa. What’s worst, was the fact that all 38 companies were bought back by Lopa during the transfer for the price of only USD 227,000. The same case happened with the ownership of the Philippine Long Distance Company. Instead of sequestering the company for the Philippine government (as it was then controlled by the Marcos cronies), she returned the billion-dollar company to her Cojuangco nephews. She claimed that her nephews were illegally eased out by Mr. Marcos. The truth was that the Marcos cronies, whether their money were ill-gotten or not, paid the Cojuangcos the prevailing market-stock prices during the sale of equity that happened between them at the time when Marcos was still president.
2nd is Gloria Arroyo she sold the spratly islands to the China. We were sold by the previous Gloria Macapagal-Arroyo to China by signing an agreement of joint exploration with China state-Owned China national oil company and the Philippines without informing the congress!! Now our current govt. is having problems in asserting out claims on the Spratlys.
WIKILEAKS: CHINA USED ZTE TO BUY GMA INFLUENCE; A 'TYPICALLY' CHINESE DEAL
MANILA, AUGUST 27, 2011 (TRIBUNE) By Michaela P. del Callar - The United States did not see as a threat the flourishing ties between the Philippines and China during the past administration of former President Gloria Arroyo but said the anomalous National Broadband Network (NBN) deal awarded to Chinese supplier ZTE was "typical of the deals that China reportedly uses worldwide to make friends and buy influence," a 2008 U.S. Embassy cable released yesterday by online whistleblower Wikileaks stated.
Then U.S. Ambassador to Manila Kristie Kenney, in her April 28, 2008 cable labeled as "sensitive," believes the U.S. remains a reliable ally of the Philippines despite Manila's increasing engagement with Beijing as corruption and graft-tainted projects entered into by the two countries had cast a dark cloud over its intensifying relations.
"Strengthened Philippine-People's Republic of China ties do not imply a weakening of our strong bonds with the Philippines," the cable said. "Recent scandals have reawakened long-held views among Filipinos that link ethnic Chinese to corrupt practices."
The scuttled deal between Chinese firm Zhong Xing Telecommunication Equipment Co., Ltd., or ZTE and the Arroyo administration, is an allegedly overpriced deal that was supposed to establish a nationwide telecommunications network such as broadband Internet services, video conferencing, landline, mobile phone calls and e-mail requirements for all government agencies from the national to the local level.
Arroyo, her husband Jose Miguel Arroyo and close political allies reportedly received millions of dollars worth of bribes from the Chinese firm, according to witnesses who testified before Senate hearings.
"Unlike the World Bank, the IMF, and many bilateral providers of assistance here, China does not link its aid to issues such as good governance, rule of law, or respect for human rights."
Thus, "public skepticism and scrutiny have underlined shortcomings in China's soft power efforts," Kenney said. .
The U.S. and China have been at loggerheads in Asia, where they have tried to court support and expand security and economic clout. In recent years, the Philippines' bilateral relations with China, particularly the economic aspect of its ties, increasingly became more dynamic and vibrant than the U.S. In 2008, Kenney said bilateral trade figures surged to a record high of $30.62 billion, an almost 10-fold increase from the $3.14 billion in 2000.
But the worst is Aquino Family, because what they are doing is just changing the name of the most popular/famous place and infrastructure here in the Philippines. An the new PENDING PETITION for changing name is EDSA and NLEX both of those are trying to change the name into cory`s name. If they are really a HERO and they have a lot good deeds why they still need to change the name just to remember them?. Its sound annoying when you are going the the place that the name start with Ninoy or Cory Aquino. Although what Former President Gloria did is also terrible, but for me Aquino is still worst compare to GMA.
MARCOS is not included because he didn`t sell anything that government owned. If do you have a problem regarding the corruption issue about him that is a different topic and not fit to this topic. You can read or vote who is the most corrupt president in the Philippines here from Marcos to the Present.
THIS IS ONLY MY IDEA. I GOT THOSE DATA BY SEARCHING IN THE INTERNET IF YOU HAVE A PROBLEM REGARDING IN THIS ARTICLE JUST DON`T FORGET TO LEAVE A COMMENT BELLOW
Post a Comment Facebook Disqus