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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 »

The year that was

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The crowning glory came at the beginning.

Posted: December 31st, 2012 in Columnists,Columns,Editor's Pick,Inquirer Opinion | Read More »

‘After the sun goes out’

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The Year 2012 is now almost out the door. Was it an undiluted “Annus Horribilis” or “Year of Horrors”? Queen Elizabeth II dusted off that phrase in a 1992 address. Fire had gutted parts of Windsor Palace, and family scandals were capped by the Prince of Wales separating from Princess Diana.

Posted: December 28th, 2012 in Columnists,Columns,Editor's Pick,Featured Columns,Featured Headline,Inquirer Opinion | Read More »

To make or break

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There are two star performers for 2012. They are President Benigno Aquino III and the Filipino as a people. The combination or relationship of the two carried over a momentum that began in 2011 when the government blocked the attempted, post-haste exit of former President Gloria Macapagal Arroyo. By coincidence or synchronicity, a major shift began [...]

Posted: December 27th, 2012 in Columns,Viewpoints | Read More »

Postscript on dollar deposits and SALNs

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Acting on the motion of PSBank, the Supreme Court dismissed the bank’s petition to stop the Senate from opening the dollar deposits of then Chief Justice Renato C. Corona on the ground that the case had become moot and academic. The impeachment trial has long been terminated and the Court’s adjudication of this case is no longer relevant or material to the impeachment proceedings.

Posted: December 15th, 2012 in Columnists,Columns,Editor's Pick,Featured Columns,Featured Headline,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 »

The government as land-grabber

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Land-grabbing has become rampant in the Philippines, not only by squatters and certain Torreses but also, in the unkindest cut, by the government itself, which is supposed to protect private property.

Posted: September 18th, 2012 in Columnists,Columns,Editor's Pick,Inquirer Opinion | Read More »

Where is our sense of right and wrong?

The House minority bloc is seeking compassion for ousted Chief Justice Renato Corona. Some people are even suggesting we should forgive him and not be vindictive.

Posted: September 14th, 2012 in Inquirer Opinion,Letters to the Editor | Read More »

P-Noy a sincere leader?

President Aquino is about to complete his first three years in office (one-half of his term of office) by the end of May next year. However, I regret to say that up to the present he has not displayed enough guts to properly lead his people. On the contrary, he failed as a leader to show sincerity in most of his actuations.

Posted: September 13th, 2012 in Inquirer Opinion,Letters to the Editor | Read More »

Snippets

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Today, I’m going to list a few snippets that have been sitting around on my desk in something of a cleanup that might amuse you.

Posted: September 13th, 2012 in Columnists,Columns,Inquirer Opinion | Read More »

More than lip service

Incredibly enough, the Republic of the Philippines counts over a century of existence but only recently made its first successful conviction of a tax evader. The landmark case against businesswoman Gloria V. Kintanar, who has been ordered arrested by the Court of Tax Appeals, hinged on her having evaded P15 million in back taxes on commissions she earned from her multilevel marketing business. Kintanar blamed her accountants for her failure to file income tax returns in 2000 and 2001. The tax appeals court, in a decision upheld by the Supreme Court, ruled that the businesswoman knew her legal obligations but that she “nevertheless, voluntarily, knowingly and intentionally failed to file the required returns.”

Posted: September 4th, 2012 in Editor's Pick,Editorial,Inquirer Opinion | Read More »

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