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The year of damaged institutions

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This paper’s recent banner story described 2012 “as one of the best years ever for the Philippines.” Déjà vu: Businessmen were euphoric over the “surprising” economic growth right after martial law was imposed—nearly 10 percent in 1973, still an unbeaten record. The stock market boomed in 1973, with volumes growing five times, and indices by 115 percent (compared to 50 percent last year). The economy boomed, posting a 6-percent annual average GDP growth from 1972 to 1980.

Posted: January 9th, 2013 in Columnists,Columns,Editor's Pick,Inquirer Opinion | Read More »

AMLC politicized, now Aquino’s deadly hit man

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The Anti-Money Laundering Law (AMLC), amended in 2003, was enacted mainly to prevent organized crime and global terrorists from using the banking system. President Aquino however has debased it, turning it into his deadly weapon against his enemies.

Posted: January 3rd, 2013 in Columnists,Columns,Editor's Pick,Featured Columns,Featured Headline,Inquirer Opinion | Read More »

Aquino’s brazen blitzkrieg in Cebu

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IN THE ’70s, Cebu was heroically defiant of Marcos’ dictatorship. By some quirk of fate, it is again proving to be the nemesis of a more modern type of one-man rule, this time mainly based on the power of media and with a Machiavellian expertise in manipulating laws for its vile aims.   For nearly [...]

Posted: December 26th, 2012 in Columnists,Columns,Editor's Pick,Inquirer Opinion | Read More »

Rice smuggling explodes under Aquino

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rice-smuggling-from-vietnam

Despite former National Food Authority Administrator Angelito Banayo’s claims of a tuwid na daan policy during his watch, International Monetary Fund trade figures show that rice smuggling in the Aquino administration’s first two years—abetted by the NFA head himself, witnesses recently alleged in the Senate—has exploded to unprecedented levels, estimated at over P16.6 billion worth during this period.

Posted: December 19th, 2012 in Columnists,Columns,Inquirer Opinion | Read More »

SC in crisis: What did they expect?

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Barely six months after President Aquino removed Renato Corona as chief justice, his replacement—the grossly inexperienced Lourdes Sereno who had boasted of “18 years of judicial stability”—created a crisis in the Supreme Court that has dented its integrity as the bastion of the rule of law.

Posted: December 13th, 2012 in Columnists,Columns,Editor's Pick,Inquirer Opinion | Read More »

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