Wednesday, April 25, 2012
Cojuangcos on a blitz to promote nuke power
"Nuclear power cannot really be justified on the grounds of environmental sustainability, largely due to its production of radioactive wastes that stay hazardous for millenia, and the risk of catastrophic nuclear accidents that can never be ruled out. Finally, from the point of view of social equity, nuclear power is an inefficient way to deliver energy to the hundreds of millions of people living in villages spread out over a vast countryside - the very people that policy makers disingenuously use to justify their nuclear policy". (quoted from an Al Jazeera article)
Let Filipinos be warned!
Monday, November 7, 2011
Kris & Baby James: What’s siksik & sulit Mama?
I voted for Noynoy & Mar. I want Pnoy’s administration to succeed. I continue to support him despite the fact that I feel that the Liberal Party is inutile. But that’s not the point of this article. This is about Kris Aquino’s latest tv ad.
Baby James asks Kris, “What’s siksik Mama”? And then later, “What’s sulit Mama”? Kris replies to the latter question, “It’s getting more than what you paid for”.
Implications.
The presidential nephew does not know Filipino. He is asking in English about the meaning of basic Filipino words. Shame on us.
And then the jugular.
“Getting more than what you paid for” maybe a good approach for commercial advertisement. But it has a very bad implication for a presidency that prides itself with its advocacy for transparency and accountability.
Certainly, in a country where businessmen and politicians connive to rob the poor, getting more than what you pay for is a recipe for corruption.
Baby James asks Kris, “What’s siksik Mama”? And then later, “What’s sulit Mama”? Kris replies to the latter question, “It’s getting more than what you paid for”.
Implications.
The presidential nephew does not know Filipino. He is asking in English about the meaning of basic Filipino words. Shame on us.
And then the jugular.
“Getting more than what you paid for” maybe a good approach for commercial advertisement. But it has a very bad implication for a presidency that prides itself with its advocacy for transparency and accountability.
Certainly, in a country where businessmen and politicians connive to rob the poor, getting more than what you pay for is a recipe for corruption.
Tuesday, October 11, 2011
A Glance At The Philippine Left
The current spotlight given to Ronald Llamas, President Aquino’s Presidential Political Adviser, should give us a chance to take a look again at the leftist political parties in the Philippines. Llamas himself represents Akbayan, a political party belonging to the so-called democratic Left in the country.
It is worthwhile to take a closer look at leftist political parties if only for the fact that they are the only ones who really have clear ideologies and party programs (at least compared to traditional parties such as Arroyo’s Lakas-Kampi, Villar’s Nacionalista, or even Aquino’s Liberal Party).
We have recently read an incisive book about the Philippine Left written by Nathan Gilbert Quimpo. The book is entitled, “Contested Democracy” and published by the Ateneo Press. It devotes most of its pages to the travails of Akbayan and other leftist political groupings in the Philippines. It is certainly not the most complete; but comprehensive enough to give us a not-so-current situationer about the Philippine Left.
That among the harshest critics of Llamas had been Representatives Casino and Tinio of the leftist Bayan Muna and ACT, respectively, vindicates Quimpo’s assertions in his book that the communist and socialist groups (both leftists) in the Philippines are not happy with each other’s presence.
There was a time that we thought Akbayan advocates active nonviolence. But Llamas’ AK47 (and four other firearms) seems to substantiate recent reports that Akbayan is already controlled by BISIG (Bukluran sa Ikauunlad Ng Sosyalistang Isip at Gawa), a socialist group which is not exactly known for advocating nonviolence, and to which Llamas reportedly belongs.
We are not admirers of Llamas, nor of Akbayan. But for Bayan Muna and ACT, which are reputed or alleged to be among the legal fronts of the Communist Party of the Philippines, the New People’s Army and National Democratic Front (CPP-NPA-NDF), to criticize Aquino or Llamas for carrying guns is the height of hypocrisy. Philippine Communists had been waging a violent war (an armed struggle) against the Philippine government for decades.
So, who’s promoting a “Bang Bang” policy, Teddy?
It is worthwhile to take a closer look at leftist political parties if only for the fact that they are the only ones who really have clear ideologies and party programs (at least compared to traditional parties such as Arroyo’s Lakas-Kampi, Villar’s Nacionalista, or even Aquino’s Liberal Party).
We have recently read an incisive book about the Philippine Left written by Nathan Gilbert Quimpo. The book is entitled, “Contested Democracy” and published by the Ateneo Press. It devotes most of its pages to the travails of Akbayan and other leftist political groupings in the Philippines. It is certainly not the most complete; but comprehensive enough to give us a not-so-current situationer about the Philippine Left.
That among the harshest critics of Llamas had been Representatives Casino and Tinio of the leftist Bayan Muna and ACT, respectively, vindicates Quimpo’s assertions in his book that the communist and socialist groups (both leftists) in the Philippines are not happy with each other’s presence.
There was a time that we thought Akbayan advocates active nonviolence. But Llamas’ AK47 (and four other firearms) seems to substantiate recent reports that Akbayan is already controlled by BISIG (Bukluran sa Ikauunlad Ng Sosyalistang Isip at Gawa), a socialist group which is not exactly known for advocating nonviolence, and to which Llamas reportedly belongs.
We are not admirers of Llamas, nor of Akbayan. But for Bayan Muna and ACT, which are reputed or alleged to be among the legal fronts of the Communist Party of the Philippines, the New People’s Army and National Democratic Front (CPP-NPA-NDF), to criticize Aquino or Llamas for carrying guns is the height of hypocrisy. Philippine Communists had been waging a violent war (an armed struggle) against the Philippine government for decades.
So, who’s promoting a “Bang Bang” policy, Teddy?
Tuesday, September 27, 2011
Poverty & Corruption: Not necessarily related.
After all, the biggest thieves were never poor. Marcos was a bar topnotcher who became a senator; and then President. Subsequent presidents who were accused of huge corruption weren’t poor either. General Fidel Ramos wasn’t poor. Erap Estrada came from a very rich family; a successful actor with many wives. Gloria Macapagal Arroyo grew up as a daughter of a President. Mike Arroyo’s family owns a hacienda in Negros, don’t they?
Corruption and the Poor: Not necessarily exclusive of each other, too.
I mean, if you listen to communist propaganda they always say they are working and fighting for the poor. In fact, they have a saying in the communist movement, “ang masa lamang ang tunay na bayani” (only the masses are the true heroes). A former Marxist activist turned Redemptorist Brother published a book recently entitled, “Masses are Messiah”. As if the masses are blameless.
But look, who are the instruments of the corrupt? Aren’t they the poor? Who are the ones who sell their votes during elections to corrupt politicians? In this sense, two of the groups who claim to represent the poor (the Roman Catholic Church and the Communist Party) are huge failures. They’ve been on that pro-poor advocacy for a long long time. But still, they have failed to prevent the poor from selling their votes during elections; they have failed to prevent the poor from gambling in jueteng, swertres, etc. Even in so-called Red Areas controlled by the Communist Party the poor sell their votes. Even in areas where there are frequent novenas and prayer meetings of churches the poor sell their votes and there is rampant jueteng and gambling.
Corruption and the Poor: Not necessarily exclusive of each other, too.
I mean, if you listen to communist propaganda they always say they are working and fighting for the poor. In fact, they have a saying in the communist movement, “ang masa lamang ang tunay na bayani” (only the masses are the true heroes). A former Marxist activist turned Redemptorist Brother published a book recently entitled, “Masses are Messiah”. As if the masses are blameless.
But look, who are the instruments of the corrupt? Aren’t they the poor? Who are the ones who sell their votes during elections to corrupt politicians? In this sense, two of the groups who claim to represent the poor (the Roman Catholic Church and the Communist Party) are huge failures. They’ve been on that pro-poor advocacy for a long long time. But still, they have failed to prevent the poor from selling their votes during elections; they have failed to prevent the poor from gambling in jueteng, swertres, etc. Even in so-called Red Areas controlled by the Communist Party the poor sell their votes. Even in areas where there are frequent novenas and prayer meetings of churches the poor sell their votes and there is rampant jueteng and gambling.
Thursday, August 11, 2011
Capitalism is like a beauty contest
Capitalism is like a beauty contest; and or vice versa. The height of stupidity!
In beauty contests, if the winner just gains a few pounds in weight, she loses her crown. In capitalism, one stupid organization called Standard and Poor simply says something, and the whole world economy goes down! Stupid capitalism! Stupid beauty contests!
Tuesday, July 26, 2011
Bishop who got PCSO funds was a top Ayala stockholder
GMANews – Sat, Jul 16, 2011
A bishop who sought and received Philippine Charity Sweepstakes Office (PCSO) funds for his retirement home actually had millions invested in one of the country's biggest conglomerates, data from the Philippine Stock Exchange (PSE) show.
According to PSE records obtained by GMA News Research, the Roman Catholic Bishop of Tuguegarao owns more than 24,000 common shares of Ayala Corp. currently valued at P8 million.
With those holdings, retired Tuguegarao Archbishop Diosdado Talamayan held about 0.0049 percent of the total shares of the company which ranked him 73rd in the Top 100 stockholders list of Ayala Corp. Since Talamayan retired, he presumably no longer has control of the investments.
Letter to Gloria
In 2009, Talamayan asked then President Gloria Macapagal-Arroyo for funds to finish a retirement home in conjunction with his 25th anniversary as a bishop.
It was earlier reported that some P200,000 from PCSO's public relations fund were funneled into the "operational expenses" of a clergy retirement home in Solana town, Cagayan as requested by the bishop for the celebrations marking his 25th year as a Catholic bishop.
The money was disbursed despite the fact that the celebration's organizers, in a letter to then PCSO director Ma. Fatima Valdes, only requested for P2,500 for the tickets to a fundraising dinner the diocese organized.
According to documents obtained by GMA News, Talamayan personally wrote former President Gloria Macapagal-Arroyo a letter in 2009 requesting funds for the retirement home’s "finishing touches."
“Our retirement home, which you helped construct, needs only the finishing touches. And I pray that God give me the graces to adjust smoothly to my new phase in my life," the archbishop said in his letter to Arroyo.
In a resolution dated November 2009, the PCSO board decided to grant a request from the Office of the President specifying Talamayan's wishes, but the exact amount of the grant was not disclosed. The board said the money will be charged to the PCSO Charity Fund which, according to its Charter, could only be used for "medical assistance and services and/or charities of national character."
Dioceses as stockholders
The Archdiocese of Tuguegarao is just one of the Catholic archdioceses that hold substantial volumes of stocks in companies whose shares are traded on the PSE.
PSE data show that these own stocks in the Bank of the Philippine Islands (BPI), Philippine Airlines, San Miguel Corp. and PHILEX Mining Corp.
In BPI, the Roman Catholic Archbishop of Manila ranks fourth on the bank's list of Top 100 stockholders with more than 200 million shares currently valued at P17.3 billion, and represent 6.266 percent of the bank’s outstanding shares.
In an interview with GMA News’ Sandra Aguinaldo on "State of the Nation," retired Lingayen-Dagupan Archbishop Oscar Cruz said there's nothing wrong with the Church's investments in local firms, since its wealth was merely inherited from Spanish friars over a century ago and was invested in strong companies to nurture it.
But in the view of columnist and staunch Reproductive Health Bill advocate Elizabeth Angsioco, these bishops had effectively deprived the poor of the financial help from PCSO when they, in fact, had the wealth to fund their needs.
"Nagulantang ako doon sa laki ng pera na nasa stocks. Bukod pa do’n, yung panghihingi nila doon sa PCSO, ang kinumpetensya nila, ay yung mga mahihirap na mamamayan," Angsioco said in the same interview.
The P200,000 that went to Talamayan is ten times the P20,000-cap on PCSO's Individual Medical Assistance Program.
Church investments in mining
While Cruz condoned the Church's stock investments, he criticized the bishops’ holding of shares in mining firms.
"Ngayon nga ang mining nasalaula. [Ito] ay nakakasira ng environment. Palagay ko panahon na [para] kunin [ng mga obispo] nila ‘yun, ilabas na nila at i-invest nila sa iba naman," Cruz said.
Company# Shares OwnedRank in Top 100Total Investment Value
ROMAN CATHOLIC ARCHBISHOP OF MANILABank of the Philippine Islands (BPI)222,843,6814th12,724,374,185
ROMAN CATHOLIC ARCHBISHOP OF MLA (REAL CASA DE MISERICORDIA)Bank of the Philippine Islands (BPI)41,408,8418th2,364,444,821
ROMAN CATHOLIC ARCHBISHOP OF MANILA (HOSPITAL DE SAN JUAN DE DIOS)Bank of the Philippine Islands (BPI)22,072,18213th1,260,321,592
ROMAN CATHOLIC ARCHBISHOP OF MLA (HOSPICIO DE SAN JOSE)Bank of the Philippine Islands (BPI)6,016,62415th343,549,230
ROMAN CATHOLIC ARCHBISHOP OF MLA (HOSP DE SA JUAN DE DIOS)Bank of the Philippine Islands (BPI)4,285,57217th244,706,161
ROMAN CATHOLIC ARCHBISHOP OF MLA (MAYORDOMIA DELA CATEDRAL)Bank of the Philippine Islands (BPI)2,664,26621st152,129,589
ROMAN CATHOLIC ARCHBISHOP OF MLA (ST. PAUL`S HOSPITAL)Bank of the Philippine Islands (BPI)1,772,41826th101,205,068
CARMEL OF THE DIVINE INFANT JESUS OF PRAGUE, INC.Bank of the Philippine Islands (BPI)726,81949th41,501,365
EL SUPERIOR DE LA CORPORACION FILIPINA DE PADRES AGUSTINOS RECOLETOSBank of the Philippine Islands (BPI)551,38260th31,483,912
ROMAN CATHOLIC ARCHBISHOP OF JAROBank of the Philippine Islands (BPI)491,38564th28,058,084
EL SUPERIOR DE LA CORPORACION FILIPINA DE PADRES AGUSTINOS RECOLETOSSan Miguel Corp (SMC)2,370,00031st260,700,000
SUPERIOR DE LA CORPORACION ARCHICOFRADIA DE N.P.J.N DE RECOLETOSSan Miguel Corp (SMC)1,234,60375th135,806,330
CARMEL OF THE DIVINE INFANT JESUS OF PRAGUE, INC.San Miguel Corp (SMC)957,51679th105,326,760
ROMAN CATHOLIC BISHOP OF TUGUEGARAOSan Miguel Corp (SMC)856,63981st94,230,290
REAL MONASTERIO DE LA PURISIMA CONCEPCION DE NUESTRA MADRE SANTA CLARA DE MANILASan Miguel Corp (SMC)809,83483rd89,081,740
SUPERIOR DE LA CORPORACION DE PADRES RECOLETOS POR BECAS Y VOCACIONESSan Miguel Corp (SMC)621,70289th68,387,220
CARMEL OF ST THERESE OF THE CHILD JESUSSan Miguel Corp (SMC)592,95691st65,225,160
THE DISCALCED CARMELITE NUNS OF CEBUSan Miguel Corp (SMC)451,86495th49,705,040
ROMAN CATHOLIC BISHOP OF NUEVA SEGOVIA DE VIGANSan Miguel Corp (SMC)428,06798th47,087,370
ROMAN CATHOLIC ARCHBISHOP OF MANILAPhilex Mining Corp (PX)3,221,13515th66,677,495
RELIGIOUS OF THE VIRGIN MARY - BPhilex Mining Corp (PX)3,125,77716th64,703,584
RELIGIOUS OF THE VIRGIN MARY-APhilex Mining Corp (PX)1,091,02769th22,584,259
ROMAN CATHOLIC BISHOP OF TUGUEGARAOAyala Corporation (AC)24,01573rd9,289,002
KNIGHTS OF COLUMBUS FRATERNAL ASSOCIATION OF THE PHILS, INC.Ayala Corporation Preferred Shares - A (ACPA)60,0002nd31,800,000
ROMAN CATHOLIC BISHOP OF TAGBILARANAyala Corporation Preferred Shares - B (ACPR)10,00064th1,015,000
DAUGHTERS OF CHARITY OF ST. VINCENT DE PAULPHINMA Corp. (PHN)159,57519th2,122,348
ROMAN CATHOLIC BISHOP OF THE DIOCESE OF JUAN DE DIOSPHINMA Corp. (PHN)153,88020th2,046,604
RELIGIOUS OF THE VIRGIN MARYPHINMA Corp. (PHN)58,97552nd784,368
ROMAN CATHOLIC ARCHBISHOP OF MANILAConcrete Aggregates Corp (CA)78,8469th3,469,224
ROMAN CATHOLIC ARCHBISHOP OF MLA (REAL CASA DE MISERICORDIA)Concrete Aggregates Corp (CA)13,06718th574,948
ROMAN CATHOLIC ARCHBISHOP OF MANILA (HOSPITAL DE SAN JUAN DE DIOS)Concrete Aggregates Corp (CA)8,31724th365,948
ROMAN CATHOLIC ARCHBISHOP OF MLA (HOSPICIO DE SAN JOSE)Concrete Aggregates Corp (CA)1,89866th83,512
ROMAN CATHOLIC ARCHBISHOP OF MLA (MAYORDOMIA DELA CATEDRAL)Concrete Aggregates Corp (CA)84197th37,004
ROMAN CATHOLIC ARCHBISHOP OF MANILAISM Communications (ISM)38,39948th126,333
SOCIETY OF THE DIVINE WORDFilipino Fund Inc. (FFI)6,00024th48,000
ROMAN CATHOLIC BISHOP OF BANGUEDFilipino Fund Inc. (FFI)1,50049th12,000
CATHOLIC WOMENS LEAGUEBenguet Corp. - A (BC)21553rd4,107
CORPORACION DE PADRES DOMINICOSEEI75,00075th256,500
Source: pinoymoneytalk.com
According to PSE data, the Archbishop of Manila, the Archbishop of Zamboanga and two accounts of the Religious of the Virgin Mary have stocks in PHILEX. Together, the 8.5 million shares of the group in the leading mining firm amount to more than P200 million.
Ironically, several bishops in the past were some of the staunchest oppositionists to the mining industry, especially in Eastern Visayas. In 2010, at least six bishops led the charge against mining permits issued in Samar and Leyte, citing the potential harm the activity could inflict on the environment.
The bishops include Palo Archbishop Jose Palma, Catarman Bishop Emmanuel Trance, Borongan Bishop Crispin Varquez, Maasin Bishop Precioso Cantillas, Calbayog Bishop Isabelo Abarquez, and Naval Bishop Felomino Bactol.
The Catholic Bishops Conference of the Philippines even carried the bishops' statement on its own website.
“As shepherds of our flock, it is our collective sentiments that the continuing drive for development of the Eastern Visayas region anchored on mining as well as other extractive economic pursuits, only reinforce the irreversible trend of permanently damaging nature's endowments," according to the CBCP.
“As a consequence, the many lines of opportunities upon which our people can draw their life sustenance will definitely be threatened immensely," the CBCP added. — ELR/VS/HS, GMA News
http://ph.news.yahoo.com/bishop-pcso-fund-mess-holds-shares-stock-ayala-123509105.html
A bishop who sought and received Philippine Charity Sweepstakes Office (PCSO) funds for his retirement home actually had millions invested in one of the country's biggest conglomerates, data from the Philippine Stock Exchange (PSE) show.
According to PSE records obtained by GMA News Research, the Roman Catholic Bishop of Tuguegarao owns more than 24,000 common shares of Ayala Corp. currently valued at P8 million.
With those holdings, retired Tuguegarao Archbishop Diosdado Talamayan held about 0.0049 percent of the total shares of the company which ranked him 73rd in the Top 100 stockholders list of Ayala Corp. Since Talamayan retired, he presumably no longer has control of the investments.
Letter to Gloria
In 2009, Talamayan asked then President Gloria Macapagal-Arroyo for funds to finish a retirement home in conjunction with his 25th anniversary as a bishop.
It was earlier reported that some P200,000 from PCSO's public relations fund were funneled into the "operational expenses" of a clergy retirement home in Solana town, Cagayan as requested by the bishop for the celebrations marking his 25th year as a Catholic bishop.
The money was disbursed despite the fact that the celebration's organizers, in a letter to then PCSO director Ma. Fatima Valdes, only requested for P2,500 for the tickets to a fundraising dinner the diocese organized.
According to documents obtained by GMA News, Talamayan personally wrote former President Gloria Macapagal-Arroyo a letter in 2009 requesting funds for the retirement home’s "finishing touches."
“Our retirement home, which you helped construct, needs only the finishing touches. And I pray that God give me the graces to adjust smoothly to my new phase in my life," the archbishop said in his letter to Arroyo.
In a resolution dated November 2009, the PCSO board decided to grant a request from the Office of the President specifying Talamayan's wishes, but the exact amount of the grant was not disclosed. The board said the money will be charged to the PCSO Charity Fund which, according to its Charter, could only be used for "medical assistance and services and/or charities of national character."
Dioceses as stockholders
The Archdiocese of Tuguegarao is just one of the Catholic archdioceses that hold substantial volumes of stocks in companies whose shares are traded on the PSE.
PSE data show that these own stocks in the Bank of the Philippine Islands (BPI), Philippine Airlines, San Miguel Corp. and PHILEX Mining Corp.
In BPI, the Roman Catholic Archbishop of Manila ranks fourth on the bank's list of Top 100 stockholders with more than 200 million shares currently valued at P17.3 billion, and represent 6.266 percent of the bank’s outstanding shares.
In an interview with GMA News’ Sandra Aguinaldo on "State of the Nation," retired Lingayen-Dagupan Archbishop Oscar Cruz said there's nothing wrong with the Church's investments in local firms, since its wealth was merely inherited from Spanish friars over a century ago and was invested in strong companies to nurture it.
But in the view of columnist and staunch Reproductive Health Bill advocate Elizabeth Angsioco, these bishops had effectively deprived the poor of the financial help from PCSO when they, in fact, had the wealth to fund their needs.
"Nagulantang ako doon sa laki ng pera na nasa stocks. Bukod pa do’n, yung panghihingi nila doon sa PCSO, ang kinumpetensya nila, ay yung mga mahihirap na mamamayan," Angsioco said in the same interview.
The P200,000 that went to Talamayan is ten times the P20,000-cap on PCSO's Individual Medical Assistance Program.
Church investments in mining
While Cruz condoned the Church's stock investments, he criticized the bishops’ holding of shares in mining firms.
"Ngayon nga ang mining nasalaula. [Ito] ay nakakasira ng environment. Palagay ko panahon na [para] kunin [ng mga obispo] nila ‘yun, ilabas na nila at i-invest nila sa iba naman," Cruz said.
Company# Shares OwnedRank in Top 100Total Investment Value
ROMAN CATHOLIC ARCHBISHOP OF MANILABank of the Philippine Islands (BPI)222,843,6814th12,724,374,185
ROMAN CATHOLIC ARCHBISHOP OF MLA (REAL CASA DE MISERICORDIA)Bank of the Philippine Islands (BPI)41,408,8418th2,364,444,821
ROMAN CATHOLIC ARCHBISHOP OF MANILA (HOSPITAL DE SAN JUAN DE DIOS)Bank of the Philippine Islands (BPI)22,072,18213th1,260,321,592
ROMAN CATHOLIC ARCHBISHOP OF MLA (HOSPICIO DE SAN JOSE)Bank of the Philippine Islands (BPI)6,016,62415th343,549,230
ROMAN CATHOLIC ARCHBISHOP OF MLA (HOSP DE SA JUAN DE DIOS)Bank of the Philippine Islands (BPI)4,285,57217th244,706,161
ROMAN CATHOLIC ARCHBISHOP OF MLA (MAYORDOMIA DELA CATEDRAL)Bank of the Philippine Islands (BPI)2,664,26621st152,129,589
ROMAN CATHOLIC ARCHBISHOP OF MLA (ST. PAUL`S HOSPITAL)Bank of the Philippine Islands (BPI)1,772,41826th101,205,068
CARMEL OF THE DIVINE INFANT JESUS OF PRAGUE, INC.Bank of the Philippine Islands (BPI)726,81949th41,501,365
EL SUPERIOR DE LA CORPORACION FILIPINA DE PADRES AGUSTINOS RECOLETOSBank of the Philippine Islands (BPI)551,38260th31,483,912
ROMAN CATHOLIC ARCHBISHOP OF JAROBank of the Philippine Islands (BPI)491,38564th28,058,084
EL SUPERIOR DE LA CORPORACION FILIPINA DE PADRES AGUSTINOS RECOLETOSSan Miguel Corp (SMC)2,370,00031st260,700,000
SUPERIOR DE LA CORPORACION ARCHICOFRADIA DE N.P.J.N DE RECOLETOSSan Miguel Corp (SMC)1,234,60375th135,806,330
CARMEL OF THE DIVINE INFANT JESUS OF PRAGUE, INC.San Miguel Corp (SMC)957,51679th105,326,760
ROMAN CATHOLIC BISHOP OF TUGUEGARAOSan Miguel Corp (SMC)856,63981st94,230,290
REAL MONASTERIO DE LA PURISIMA CONCEPCION DE NUESTRA MADRE SANTA CLARA DE MANILASan Miguel Corp (SMC)809,83483rd89,081,740
SUPERIOR DE LA CORPORACION DE PADRES RECOLETOS POR BECAS Y VOCACIONESSan Miguel Corp (SMC)621,70289th68,387,220
CARMEL OF ST THERESE OF THE CHILD JESUSSan Miguel Corp (SMC)592,95691st65,225,160
THE DISCALCED CARMELITE NUNS OF CEBUSan Miguel Corp (SMC)451,86495th49,705,040
ROMAN CATHOLIC BISHOP OF NUEVA SEGOVIA DE VIGANSan Miguel Corp (SMC)428,06798th47,087,370
ROMAN CATHOLIC ARCHBISHOP OF MANILAPhilex Mining Corp (PX)3,221,13515th66,677,495
RELIGIOUS OF THE VIRGIN MARY - BPhilex Mining Corp (PX)3,125,77716th64,703,584
RELIGIOUS OF THE VIRGIN MARY-APhilex Mining Corp (PX)1,091,02769th22,584,259
ROMAN CATHOLIC BISHOP OF TUGUEGARAOAyala Corporation (AC)24,01573rd9,289,002
KNIGHTS OF COLUMBUS FRATERNAL ASSOCIATION OF THE PHILS, INC.Ayala Corporation Preferred Shares - A (ACPA)60,0002nd31,800,000
ROMAN CATHOLIC BISHOP OF TAGBILARANAyala Corporation Preferred Shares - B (ACPR)10,00064th1,015,000
DAUGHTERS OF CHARITY OF ST. VINCENT DE PAULPHINMA Corp. (PHN)159,57519th2,122,348
ROMAN CATHOLIC BISHOP OF THE DIOCESE OF JUAN DE DIOSPHINMA Corp. (PHN)153,88020th2,046,604
RELIGIOUS OF THE VIRGIN MARYPHINMA Corp. (PHN)58,97552nd784,368
ROMAN CATHOLIC ARCHBISHOP OF MANILAConcrete Aggregates Corp (CA)78,8469th3,469,224
ROMAN CATHOLIC ARCHBISHOP OF MLA (REAL CASA DE MISERICORDIA)Concrete Aggregates Corp (CA)13,06718th574,948
ROMAN CATHOLIC ARCHBISHOP OF MANILA (HOSPITAL DE SAN JUAN DE DIOS)Concrete Aggregates Corp (CA)8,31724th365,948
ROMAN CATHOLIC ARCHBISHOP OF MLA (HOSPICIO DE SAN JOSE)Concrete Aggregates Corp (CA)1,89866th83,512
ROMAN CATHOLIC ARCHBISHOP OF MLA (MAYORDOMIA DELA CATEDRAL)Concrete Aggregates Corp (CA)84197th37,004
ROMAN CATHOLIC ARCHBISHOP OF MANILAISM Communications (ISM)38,39948th126,333
SOCIETY OF THE DIVINE WORDFilipino Fund Inc. (FFI)6,00024th48,000
ROMAN CATHOLIC BISHOP OF BANGUEDFilipino Fund Inc. (FFI)1,50049th12,000
CATHOLIC WOMENS LEAGUEBenguet Corp. - A (BC)21553rd4,107
CORPORACION DE PADRES DOMINICOSEEI75,00075th256,500
Source: pinoymoneytalk.com
According to PSE data, the Archbishop of Manila, the Archbishop of Zamboanga and two accounts of the Religious of the Virgin Mary have stocks in PHILEX. Together, the 8.5 million shares of the group in the leading mining firm amount to more than P200 million.
Ironically, several bishops in the past were some of the staunchest oppositionists to the mining industry, especially in Eastern Visayas. In 2010, at least six bishops led the charge against mining permits issued in Samar and Leyte, citing the potential harm the activity could inflict on the environment.
The bishops include Palo Archbishop Jose Palma, Catarman Bishop Emmanuel Trance, Borongan Bishop Crispin Varquez, Maasin Bishop Precioso Cantillas, Calbayog Bishop Isabelo Abarquez, and Naval Bishop Felomino Bactol.
The Catholic Bishops Conference of the Philippines even carried the bishops' statement on its own website.
“As shepherds of our flock, it is our collective sentiments that the continuing drive for development of the Eastern Visayas region anchored on mining as well as other extractive economic pursuits, only reinforce the irreversible trend of permanently damaging nature's endowments," according to the CBCP.
“As a consequence, the many lines of opportunities upon which our people can draw their life sustenance will definitely be threatened immensely," the CBCP added. — ELR/VS/HS, GMA News
http://ph.news.yahoo.com/bishop-pcso-fund-mess-holds-shares-stock-ayala-123509105.html
Wednesday, July 6, 2011
The Tragedy of Violence
Anyone who saw the video of Mayor Sarah Duterte repeatedly punching the sheriff cannot deny at least two things: she was angry and she was violent. Yes, she was.
I did not have the chance to know personally the late Soling Duterte, the mother of Rodrigo Duterte, Sarah’s father. But I know that Soling fought the violence of Marcos in a non-violent way.
Today, his son Rodrigo is known for keeping Davao City in order (not necessarily peaceful and lawful) and for being feared by the people. People follow the rules because they are afraid of the consequences. That is not necessarily bad. In fact, I prefer Duterte to Nograles, one of Gloria Macapagal-Arroyo’s henchmen.
But that does not prevent me from saying that the tragedy of what has happened to Davao City is the fact that its people now have a higher tolerance for violence. Some of my friends in Davao City, among them women, defended Sarah’s public display of violence.
When Rodrigo Duterte was the mayor, he played Robinhood or Diego Salvador. He literally disciplined the people in his city into submission, including the communist and muslim rebels who roam around his turf. I thought that with Sarah as the new lady mayor, the Duterte administration would have a more humane face. But I was wrong. She didn’t even apologize for what she did.
It will be difficult for Davao City to recover from this culture of violence. This is a huge challenge to Davao’s peace advocates. Let there be Light!
I did not have the chance to know personally the late Soling Duterte, the mother of Rodrigo Duterte, Sarah’s father. But I know that Soling fought the violence of Marcos in a non-violent way.
Today, his son Rodrigo is known for keeping Davao City in order (not necessarily peaceful and lawful) and for being feared by the people. People follow the rules because they are afraid of the consequences. That is not necessarily bad. In fact, I prefer Duterte to Nograles, one of Gloria Macapagal-Arroyo’s henchmen.
But that does not prevent me from saying that the tragedy of what has happened to Davao City is the fact that its people now have a higher tolerance for violence. Some of my friends in Davao City, among them women, defended Sarah’s public display of violence.
When Rodrigo Duterte was the mayor, he played Robinhood or Diego Salvador. He literally disciplined the people in his city into submission, including the communist and muslim rebels who roam around his turf. I thought that with Sarah as the new lady mayor, the Duterte administration would have a more humane face. But I was wrong. She didn’t even apologize for what she did.
It will be difficult for Davao City to recover from this culture of violence. This is a huge challenge to Davao’s peace advocates. Let there be Light!
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