anything under the sun (formerly general discussion)

[lolean]

HOLIDAY BA SA MONDAY? SONA
THANKS

[bamboo_sticks]

Sir V, what stocks do think would benefit more from the SONA next week? day of reckoning for mining na rin pala diba? TIA

[Vercingetorix]

Sir V, what stocks do think would benefit more from the SONA next week? day of reckoning for mining na rin pala diba? TIA

If they want to pump the market, it would be the index issues that would benefit. As for mining I'm looking at NIKL right now.

[bamboo_sticks]

i see. thanks, sir!..

[LION LURKER]

Memory...

[michaelcorleone]

hi guys, i'm new in FM. Tanong lang is it possible for an engineering graduate to land a job as a prop trader or stockbroker here in philippines?

[Vercingetorix]

hi guys, i'm new in FM. Tanong lang is it possible for an engineering graduate to land a job as a prop trader or stockbroker here in philippines?

Yes, but you need certification first, you need to pass the board exam; Securities Representative Certification Exam (SRCE) of SEC.
Either you finished a vocational course for Securities trading (I think Ateneo and IAcademy offer such course), or a broker endorsed you (means you were already hired before taking the license exam) to attend the SEC seminar & training for Securities Representative license.

The Trader ladder:
Telephone Clerk --> Order Trader --> Senior Trader --> Associated Person --> Manager

Hope this helps

[+amdg]

http://my.chicagotribune.com/#section/- ... -76714069/

[michaelcorleone]

hi guys, i'm new in FM. Tanong lang is it possible for an engineering graduate to land a job as a prop trader or stockbroker here in philippines?

Yes, but you need certification first, you need to pass the board exam; Securities Representative Certification Exam (SRCE) of SEC.
Either you finished a vocational course for Securities trading (I think Ateneo and IAcademy offer such course), or a broker endorsed you (means you were already hired before taking the license exam) to attend the SEC seminar & training for Securities Representative license.

The Trader ladder:
Telephone Clerk --> Order Trader --> Senior Trader --> Associated Person --> Manager

Hope this helps

thank you sir! nakita ko yung vocational course na securities trading sa ateneo medyo may kamahalan pag na endorse ba ng broker free na ang training?

[Vercingetorix]

thank you sir! nakita ko yung vocational course na securities trading sa ateneo medyo may kamahalan pag na endorse ba ng broker free na ang training?

Yes, sagot ng stockbroker ang pag-aaral & training

[Vercingetorix]

Something to Read & Think about over the weekend

Previous: Aquino-Cojuangco's Connection with the Communist Rebels, pg 265

The Coup Masterminds


A scene from People Power Hidden Truth video, at 4:43

Excerpt from: anuncomplicatedmind.blogspot.com/2012/03/la-coup-curacha.html

General Fidel V. Ramos, circa 1985; defected to the rebels during 1986 to oust Marcos.

There are at least nine “assaults” on the modern Philippine presidency since the ouster of Ferdinand Marcos in 1986, including the puerile 1986 Manila Hotel siege where Arturo Tolentino, Marcos’s running-mate in the February snap election that led to his ouster by EDSA I people power revolution, was sworn as acting president by no less than former Supreme Court Justice Serafin Cuevas, the current head counsel of Renato Corona’s defence team. But that event quietly fizzled out as the Aquino presidency was reinforced by the loyalty of General Fidel Ramos, then Armed Forces chief, and the support of the United States.

RAM Movement

The other attempts were all undertaken by the military to directly take control of the government under Cory Aquino in 1987 and 1989, and against President Gloria Macapagal-Arroyo in 2003 and 2006. For the first time in Philippine history, these putsches were instigated by reformist military officers organized under the umbrella of Reform the Armed Forces (RAM) Movement led by Col. Gregorio “Gringo” Honasan during the Aquino period and by the Magdalo faction during Arroyo’s term. Col. Honasan’s RAM helped install Mrs. Aquino as president in the bloodless revolution in 1986 but became disgruntled by the way she ran the country.


Juan Ponce Enrile [Center], Gregorio Honasan [Right]

Two of the six failed coup attempts in 1987 and 1989 were aimed in unseating President Cory Aquino. Col. Honasan, the leader of these coups went into hiding in 1989 after being charged with rebellion for leading the most serious coup against the government. The official casualty list included 99 people dead, including 50 civilians, and 750 wounded. Under orders from President George H.W. Bush, the United States military supported the Aquino government in allowing the use of U.S. airpower from the USS Midway and USS Enterprise aircraft carriers and F-5 fighters from Clark Air Base in the Philippines in shooting down the military rebels if necessary.

Col. Honasan eventually came out from hiding in 1992 after accepting amnesty from General Fidel Ramos, who succeeded Cory Aquino for the presidency. Honasan entered politics and was elected senator in 1995, and now joins his colleagues in the Senate as jurors in the impeachment trial of Chief Justice Corona.


Juan Ponce Enrile [Center], Fidel V. Ramos [Far Right], circa 1986

Another leader of the 1986 EDSA I People Power Revolution, Senator Juan Ponce Enrile, the defence chief during that time and now President of the Senate, was also arrested for his involvement in the 1989 coup led by Col. Honasan, Enrile’s former military aide. Prior to the coup, Enrile was Cory Aquino’s defence secretary, but he resigned after becoming increasingly dissatisfied with the Aquino government. Enrile was among seven people indicted for “rebellion with murder” in connection with the bloody 1989 coup attempt, charges which were eventually thrown out by the Supreme Court.

Reliving their Coup de etat against Marcos
Source: ph.news.yahoo.com/enrile-ramos-111717192.html

Enrile To Ramos: Are You With Me?
Manila Bulletin – Fri, Feb 24, 2012

(Editor's note: The writer has covered the defense beat since 1974)

MANILA, Philippines - ''Eddie, the time has come. Are you with me?''

That question, put by Juan Ponce Enrile to Fidel Ramos on the phone, sealed the alliance that would challenge the armies of President Ferdinand Marcos in February 1986.

I was the night editor of the Philippines News Agency (PNA), the stateowned news agency, when the EDSA uprising broke out. Monitoring the events on television I was anticipating a bloodbath.

The breakaway military group of Enrile, the defense minister, and Ramos, the AFP Vice Chief of Staff, was entrenched in Camp Crame, ringed by the army of President Ferdinand Marcos. It was a terrible mismatch.

The battle lines were drawn along EDSA, but the no-man's land between the two forces was soon engulfed by a sea of humanity. People Power was born.

Many attribute the ''miracle'' on EDSA to divine intervention. They could be right, if you consider Manila Archbishop Jaime Cardinal Sin's radio appeal for people to rush to EDSA to protect Enrile and Ramos' ragtag band from the thousands of troops and column of tanks that Marcos had sent to crush the uprising.

Several thousands rallied to Sin's call in the early evening of February 22. The crowd would balloon to two million in the next four days.

Flashback to the afternoon of February 22, when Col. Gregorio ''Gringo'' Honasan, Col. Eduardo Kapunan and Maj. Noe Wong arrived at Defense Minister Enrile's residence in Makati City. They informed Enrile of their impending arrest.

Enrile called Ramos to ask his support.

At his house in Alabang, Ramos had just received the news that Enrile was about to be arrested. Soon after, the phone rang. It was Enrile calling.

''Eddie (Ramos' nickname), the time has come. Are you with me?'' Enrile said.

Ramos had earlier promised Enrile that he and the entire Philippine Constabulary would back up the defense minister.

Ramos prepared to join Enrile who was in Camp Aguinaldo. He instructed his driver, M/Sgt. Abel Modequillo to take a circuitous route as a security measure. His convoy arrived at 6 p.m. in Camp Aguinaldo.

At a hastily called press conference at the Social Hall of the Ministry of National Defense, Enrile and Ramos jointly declared their breakaway from Marcos.

''Enough is enough, Mr. President,'' Enrile said.

Ramos declared he was casting his lot with Enrile. ''The reason for my being here is because the Armed Forces of the Philippines has ceased to be the real Armed Forces which is supposed to be the defender of public safety and enforcer of the law. What has developed under Marcos and Ver is an elite armed forces within the AFP that no longer represents the ranks and the officers' corps of the Armed Forces of the Philippines.''

By this time, Cardinal Sin had aired his appeal.

Butz Aquino, brother of slain Sen. Benigno S. Aquino Jr. arrived at Aguinaldo with his supporters in ATOM (August Twenty One Movement). He declared they were ready to protect Enrile and Ramos and the rest of the rebel soldiers ''with our bodies.''

At 9 o'clock that evening, Ramos transferred from Aguinaldo to the Constabulary headquarters in Camp Crame to consolidate his defensive position.

Just before midnight of February 22, Marcos appeared on TV, accusing Enrile of plotting a coup. Marcos warned Enrile and Ramos that he could annihilate them, together with the rebel forces and called on them to surrender to end ''this stupidity.''

Cut off for the first time from Ramos whom I have covered for many years, I relied on other sources for my news dispatches. I learned from one such source that the forces of Enrile and Ramos had prepared a contingency plan for any such attack.

They would defend Camp Aguinaldo and Camp Crame for a while after which they would disperse into small groups and launch a guerrilla warfare.

The crowd that gathered along EDSA stood their ground. Brig. Gen. Alfredo Lim, commander of the Northern Police District, defied an order from Marcos to disperse the crowd. Instead, he and his men defected to the Enrile-Ramos camps.

On the second day of the uprising, Sin continued his call for people power over ''Radyo Bandido'' with the help of broadcaster June Keithley.

On the second day, Ramos invited Enrile to join him at Camp Crame nearby. Enrile and the RAM boys joined Ramos at the PC headquarters that afternoon.

That morning, military rebels attacked the government TV station Channel 4 which was guarded by soldiers loyal to Marcos. The rebel soldiers overran the TV station after a brief gunfight.

I proceeded to Camp Crame where I saw the multitude gathered on EDSA.

A column of armored Landing Tank Vehicles (LTV) and Armored Personnel Carriers (APC) from the Philippine Marines, backed by other military vehicles under Brig. Gen. Artemio Tadiar arrived near the vicinity of Ortigas Avenue along EDSA.

The tanks threatened to mow people down under its massive metallic weight unless the crowd cleared the path leading to Camp Crame. But the crowd stood their ground. Steadfast in their faith, the people kneeled in the middle of EDSA, raised their rosaries, brandished their crucifixes, and lifted their voices in prayers that drowned the rumble of the idling armored vehicles.

Tadiar gave the order to withdraw to Fort Bonifacio. Another case of divine intervention? Prayers and faith averted what could have been a bloody battle.

On the second day of the uprising, more soldiers defected to the Enrile-Ramos camp, and on the third day, February 24, an unexpected turn of events: The 15th Strike Wing of the Philippine Air Force (PAF) led by Col. Antonio Sotelo joined the rebels.

Many of the crowd cried tears of joy thanking God and through the intercession of the Blessed Virgin Mary, the patron saint of the Philippines, for answering their prayers at the time the country needed most.

On Day 3, two Sikorsky helicopter gunships fired rockets at Malacanang.

On February 25, the First Scout Ranger Brigade of Brig. Gen. Felix Brawner defected to the rebels. It was the last major fighting force of the Marcos regime.

Juan Ponce Enrile & Gregorio Honasan who helped placed Cory Cojuangco-Aquino into power after Marcos, planned coup against her.
Source: articles.latimes.com/1990-02-28/news/mn-1480_1_philippine-coup-attempt

Enrile Arrested in December Coup Bid : Philippines: The senator is a political foe of Aquino. He is viewed as a mentor of mutinous young soldiers.
February 28, 1990|BOB DROGIN | TIMES STAFF WRITER

MANILA — President Corazon Aquino's government arrested Sen. Juan Ponce Enrile, a key opposition leader, inside the Philippine Senate late Tuesday on a charge of rebellion and murder stemming from the December coup attempt that nearly toppled Aquino's government.

Enrile, a co-leader of the 1986 military revolt that helped catapult Aquino to power, was charged with causing the death of a boy killed by a rebel plane on the first day of the bloody Dec. 1-9 military uprising.

The surprise arrest of Aquino's lone Senate opponent and harshest public critic is likely to increase political pressure on her struggling four-year-old administration, which faces almost daily threats of a seventh coup attempt.

Enrile, 66, a flamboyant political leader and former defense secretary under both Aquino and the late President Ferdinand E. Marcos, is seen as a mentor to many of the young soldiers responsible for the six military uprisings.

Aquino has been heavily criticized in the past for not punishing coup ringleaders. Enrile, a Harvard-trained lawyer, is the most prominent figure ever to be indicted in a Philippine coup attempt. Six other civilians were also charged.

Enrile was taken into custody in the Senate president's office shortly after he delivered an emotional speech on the packed Senate floor. Red-eyed and his voice choked with emotion, he shook hands and said goodby to most of his colleagues before leaving the building with Alfredo Lim, director of the National Bureau of Investigation.

The two men drove away in Enrile's bulletproof van. After providing photos of himself to police, Enrile met with reporters through the night in Lim's plush air-conditioned office. Officials said it was unclear when or if he would be jailed.

Enrile, who was martial-law administrator under Marcos, was implicated but never charged in a 1986 coup attempt against Aquino. He has denied any complicity in the most recent mutiny. Instead, he portrayed his arrest as a blow against freedom and democracy, warning that Aquino will have to "answer to God and history."

"I really hope that history will remember that there was one soul who lit a candle of freedom," Enrile told reporters at the Senate building. "And hoped it would flicker. And that one soul is named Juan Ponce Enrile.

"They are giving me a rare opportunity to bring to public attention the corruption, the oppression and the lack of justice in our lives," he said.

The formal combined charge of "rebellion . . . murder and multiple frustrated murder" carries a maximum penalty of life in prison, prosecutors said. Enrile was also charged with harboring rebel leaders during the height of the coup.

The December uprising left more than 113 dead and 500 wounded.

Aquino and Enrile have traded bitter barbs in recent weeks in a personal and political grudge that dates back to when Enrile jailed her late husband, Benigno S. (Ninoy) Aquino Jr., for nearly eight years in the 1970s. Aquino, the longest held prisoner of Marcos' political opponents, was assassinated at Manila airport when he returned from exile in the United States on Aug. 21, 1983. Six years later, that case is still in court here.

Also charged in Tuesday's filing was former army Lt. Col. Gregorio (Gringo) Honasan, a former Enrile aide who already has a $250,000 bounty on his head as a career coup plotter, and Rodolfo Aguinaldo, another former aide who was recently suspended as governor of Cagayan province for announcing over Manila radio that he was sending tanks and artillery to the capital to support the coup attempt.

Others charged were retired Brig. Gen. Felix Brawner and retired Lt. Col. Billy Bibit, who the government alleges were key coup leaders. Charges were also filed against a Manila hotel owner, Rebecco Panlilio, and his wife, Erlinda. Prosecutors said they provided food for a party that Enrile threw for Honasan and 100 armed rebel troops during the first night's fighting.

A 25-page court document filed with the charges alleges that Enrile also met with coup leaders at the Hotel Inter-Continental in Makati while rebel troops were occupying the swanky financial district of the capital.

At a press conference, senior state prosecutor Aurelio G. Trampe said Enrile is considered a "participant" rather than a coup sponsor.

"We charge conspiracy," Trampe said. "When there is a conspiracy, the act of one is the act of all. The guilt of one is the guilt of all in this conspiracy."

Under that theory, Enrile is charged with murder in the death of Rolando Estrada, who died when a rebel T-28 "Tora-Tora" plane tried to bomb the government-run Channel 4 television complex in suburban Quezon City and instead hit several houses. Four other people were wounded in the blast.

Justice Secretary Franklin Drillon said prosecutors recommended against granting bail, but a department spokesman said later that a judge could overrule the recommendation when Enrile is arraigned. No date was set.

Aquino issued no comment, but her spokesman, Tomas Gomez, praised the prosecutors' action. "What we are witnessing today is the effective operation of our criminal justice system under a constitutional democracy," Gomez said. "Crimes have been committed, criminals have been identified, and therefore, cases have to be filed."

They were granted amnesty when their friend Fidel Ramos became President after Cory.
- Gregorio Honasan Profile Page, Philippine Election 2013

Their lives after the Coup...

Fidel V. Ramos
12th President of the Philippines (June 30, 1992 – June 30, 1998)


Gregorio "Gringo" Ballesteros Honasan II
Senator of the Philippines (present)


Juan Ponce Enrile, Sr.
26th President of the Senate of the Philippines (November 17, 2008 – June 5, 2013)

Did they set a good example for our Armed Forces of the Philippines?

Oakwood Mutiny
From Wikipedia


Senator of the Philippines (present)
Former Lieutenant Sergent of the Philippine Navy

The Oakwood mutiny occurred in the Philippines on July 27, 2003. A group of 321 armed soldiers who called themselves "Bagong Katipuneros" (Filipino: New Katipuneros) led by Army Capt. Gerardo Gambala and LtSG. Antonio Trillanes IV of the Philippine Navy took over the Oakwood Premier Ayala Center (now Ascott Makati) serviced apartment tower in Makati City to show the Filipino people the alleged corruption of the Gloria Macapagal-Arroyo administration.

Manila Peninsula rebellion


Armored Fighting Vehicle (AFV), broke into the hotel lobby to arrest the rebels, coverage by Al Jazeera

The Manila Peninsula rebellion occurred on November 29, 2007 at The Peninsula Manila hotel in Makati, Philippines. Senator Antonio Trillanes IV, Brigadier General Danilo Lim, and 25 other Magdalo (mutineers) officers walked out of their trial and marched through the streets of Makati. The mutineers called for the ousting of President Gloria Macapagal-Arroyo, and seized the Rizal function room on the second floor of the Manila Peninsula Hotel along Ayala Avenue.

Well, they set a standard for the future defectors and rebels

[Vercingetorix]

Update
Previous: viewtopic.php?f=1&t=858&p=588461#p588461

Related posts:
Filipinos to remain at the mercy of oligarchs
My Weekly Market Views (July 15 - 19, 2013)

An In-Depth Look at SMC's Meralco Stake

Source: bloomberg.com/news/2013-07-18/san-miguel-seeks-310-million-from-manila-electric-share-sale.html

San Miguel Seeks $310 Million From Manila Electric Share Sale
By Ian Sayson & Philip Lagerkranser - Jul 18, 2013 6:35 PM GMT+0800

San Miguel Corp. is seeking to raise $310 million from selling part of its stake in Manila Electric (MER) Co., the largest power retailer in the Philippines.

Manila-based San Miguel is offering 46.3 million to 48 million Manila Electric shares at 270 pesos to 280 pesos apiece, according to terms for the transaction obtained by Bloomberg News. The price range is a 7.4 percent to 10.7 percent discount to the stock’s closing price today. San Miguel has an option to increase the sale by $75 million, the terms show.

The sale of part of its 32.8 percent stake in Manila Electric will help San Miguel raise the funds it needs to expand beyond beer and food production. The Philippines’ most acquisitive company plans to spend $35 billion to transform into an investor in energy, mining, airlines and roads. The company announced 40 purchases worth $7.8 billion since 2000.

This is how SMC acquired MER stake and how it is wrapped with controversy

Plunder complaints vs Ang, Ongpin filed

https://www.youtube.com/watch?v=JZhILsNx0VY
Description: Plunder complaints have been filed before the Ombudsman against
officials of San Miguel Global Power Holdings Chairman Ramon Ang and board
member Roberto Ongpin, former Finance Secretary and Land Bank Chairman
Margarito Teves, and Gilda Pico, president and CEO of Land Bank.

Source: interaksyon.com/business/43953/4-years-after-meralco-stake-sale-land-bank-san-miguel-execs-face-plunder-complaint

4 years after Meralco stake sale: Land Bank, San Miguel execs face plunder complaint
By: Likha Cuevas-Miel, InterAksyon.com
September 24, 2012 8:21 PM

MANILA - The race to own the country's biggest power distributor four years ago has spawned a plunder and economic sabotage complaint against San Miguel Corporation president Ramon S. Ang, former trade minister Roberto Ongpin, and Land Bank of the Philippines president Gilda Pico.

On Monday, Emilio Aguinaldo Suntay III filed before the Office of the Ombudsman a complaint and petition to investigate the 2008 transaction between Land Bank and San Miguel, allowing it to own more than 30 percent of Manila Electric Co.

In his petition, Suntay said he "strongly believes and is willing to prove" that the purchase agreement entered into by Land Bank "is grossly disadvantageous to the government and inimical to the interest of the state and public."

In December 2, 2008, the state-owned lender sold 46 million Meralco shares for P4 billion or at P90 apiece to Global 5000 Investments Corp., which was identified with Ongpin and businessman Inigo Zobel.

Global 5000 has been renamed San Miguel Global Power Holdings Inc.

Under the special purchase agreement, SMC Global would be able to buy the Meralco shares in three installments for three years for P90 a share, with last payment due on January 31, 2012.

San Miguel was able to buy the shares of state-run Government Service Insurance System for the same price prior to this deal with Land Bank.

When Philippine Long Distance Telephone Co. and San Miguel were fighting for majority ownership of Meralco in 2009, the power distribution firm's share price breached P300-a-share at some point.

On Monday, Meralco closed at P261 for a maket value of over P9 billion.

Suntay said he is willing to prove that the transaction did not involve payment and consideration. He cited a December 17, 2008 letter from SMC Global's treasurer, Rhogel Gandingco, to Pico, saying that no payment will be given to the state-owned lender.

Suntay also said no public bidding for the said Meralco shares was held by Land Bank and that all the government financial institutions "accepted" SMC Global's terms and price.

He also said Land Bank failed to undertake any due diligence, with other GFIs "blindly" following the lender.

In his statement to media, Suntay said Land Bank, GSIS, the Social Security System and other GFIs chaired by then finance secretary Margarito Teves were allowed to sell at least P20 billion worth of Meralco shares to a company that was "undercapitalized and had no track record, without the benefit of public bidding and due diligence at the very least."

"Who is the real party behind and ultimate owner that Ongpin represents in SMC Global, Alphaland, Top Frontier, and the subfund he manages under Ashmore Funds for whom then secretary Margarito Teves, Gilda Pico and other presidents of government financial institutions sold all their Meralco shareholdings in haste and under anomalous conditions?" Suntay said.

InterAksyon.com is still awaiting response from Land Bank, San Miguel and Teves on the issue as this article went online.

The complainant said Land Bank lost at least P157 million annually because the bank sold its Meralco stake in tranches even though the group led by Manuel V. Pangilinan had offered P90 per share in cash back in 2007.

InterAksyon.com is the online news portal of TV5, which Pangilinan chairs.

"Interest alone forgone by accepting SMC Global's offer robbed the government more than at least P157 million at 3.75 percent of P4.19 billion annually; 3.75 percent is the benchmark interest rate currently and the average since 2008 is 4 percent," Suntay said in his complaint to the Ombudsman.

He said SMC Global did not have the financial capacity to buy the Meralco shares since based on the January 28, 2012 Commission on Audit report, the San Miguel company had net assets of only P60 million as of January 2009. Despite this, SMC Global was allowed to buy the Meralco shares owned by the government.

In his petition, Suntay sought the cancellation of the contract between Land Bank and SMC Global and the disqualification of the company and its allies from participating in other government auctions.

The petition also seeks the cessation of all transactions with SMC Global and its allies, and the filing of plunder and economic sabotage cases against Ongpin, Ang and San Miguel legal counsel Estelito Mendoza.

The Meralco shares in question are still in the name of Josefina Lubrica, who acted in behalf of Federico Suntay. Based on Supreme Court G.R. No. 170220, Emilio is an heir of Federico, who in turn had a land valuation dispute with Land Bank and the Department of Agrarian Reform.

These shares were acquired as ill-gotten wealth by the Asset Privatization Trust and were transferred to Land Bank in 2000. In 2005 the shares were part of a block auctioned by the Regional Agrarian Reform Adjudicator when Land Bank refused to pay a valuation made in 2001 by RARAD amounting to P157 million for 943 hectares of Suntay's land that was put under the Comprehensive Agrarian Reform Program.

The valuation, judgment and original writ of execution was declared final and executory by the Supreme Court in G.R. 1759145 in DARAB v Lubrica on April 2005.

In December 2008, the Department of Agrarian Reform Adjudication Board ordered Meralco to cancel the transfer of shares held by Land Bank to Lubrica. The DARAB also ordered Meralco to restore the ownership to the state-owned bank and record these in the stock and transfer book of the utility, which back then was majority owned by the Lopezes.

The DARAB told the Philippine Stock Exchange, Philippine Depository and Trust Corporation, the Securities Transfer Services Inc., the Philippine Dealing System Holdings Corporation and its subsidiaries, dealers and traders that they should stop the trading of the Meralco shares until the issue is settled.

Prior to this order from DARAB, Meralco had cancelled the 42 million shares or 3.77 percent of the company held by Land Bank in the utility in favor of Lubrica, in keeping with the 2005 Supreme Court decision. Meralco said that it maintained that the cancellation of Land Bank’s shares in the company in favor of Lubrica was in order and valid.

Among the parties copy furnished with the order include San Miguel lawyers Honorato Y. Aquino, Hector B. Feliciano, Wilfredo P. Saquilayan, Ernesto B. Francisco, and Urbano Ancheta Sianghip & Lozada.

Also receiving the copy were Land Bank, the Securities and Exchange Commission, Meralco corporate secretary Emmanuel Sison, the PSE, PDS Group, PDTC, the presiding judge of Regional Trial Court of Occidental Mindoro, the Court of Appeals and Supreme Court.

At that time, SEC said it was looking into the matter "in order to assess what steps we can take to protect the investors, to assure that there is a level playing field."

In early 2009, the PLDT group and SMC waged a price war for Meralco, which was later made public in March.

Meralco is now folded under Metro Pacific Investments Corporation, the Philippine unit of Hong Kong-based First Pacific Company Limited.

SMC Global Power Holdings Corp. owns 69,059,538 shares or 6.13% of MER
Source: http://www.pse.com.ph/resource/corpt/20 ... un2013.pdf

[Vercingetorix]

Something to think about (Sunday Special)

Because it's SONA tomorrow

Previous: The Cancer Report, Truth & Cures

Source: opinion.inquirer.net/55445/sino-ang-bobo

Sino ang bobo?
English: "Who's stupid?"
By Jose Ma. Montelibano
Philippine Daily Inquirer
10:41 pm | Thursday, June 27th, 2013



Bobo is now a popular word. It is derogatory in meaning, of course, a cross between simpleton and stupid. There are nuances to ignorance and lack of capability for intelligence. The bobo is a living defiance of Creation’s plan.

The sad thing about calling people bobo, less as individuals but more as a class, is that the ones calling others bobo may be more bobo than their intended victims. Perched from a pedestal of superiority, largely self-claimed from a conclusion that they are 1) more powerful, or 2) wealthier, or 3) more educated, or 3) more holy, or 4) more connected to those who are from 1, 2, 3 and 4, the bobo callers reveal their arrogance or holier-than-thou attitude.

Visibly, the world is not equal in its exteriority. There is basis for some to be more than others, in looks, in talents, in wealth, in color and in many other ways. That is why the more refined societies insist on the virtue of respect. Respect alone levels the playing field like no other, and no society can transcend to development or maturity without it. And this is why the ones who think of, or call, others bobo show their own bobo character.

From the bobo-ness of the self-rated superior, if such have authority or great influence over authority, flow the bobo-ness of policies and programs. The politicians, bureaucrats, the elite, and the hierarchy of the Church who are the equivalent of the former in the field of the religious, dictate the value system of governance and power. Sometimes, the academe tempers the bobo-ness of authority. Sometimes, too, the academe submit to and justify this bobo-ness.

One important feature about being bobo is that it is a matter of choice. That means the bobo has options, and to be bobo is one of them. The poor and the ignorant, who are most of the time being the ones called bobo, have the least of options. They exist in a largely choice-less world of isang kahig, isang tuka, or the world of pure survival. In their own dimension, the Filipino poor have been great survivors.

In fact, many of them are now great achievers, especially the OFWs and their families who have crept out of the pit of poverty by their bootstraps and not by the generosity, wisdom or resources of those above them. Because they now have much more options than before, OFWs and their families have the possibility of being bobos themselves. They have escaped from a historical trap only to soon find that the world of more money is a mine field as well.

Bobos are self-made. Admittedly, they become so mindlessly, blinded or blind-sided by power, wealth, influence, or egos that color or cover the truth. But because of their superior material resources and the influence they wield because of such resources, bobos are the most dangerous class of Philippine society. They rule, period.



The extent of their wisdom, or bobo-ness, largely expresses itself through the abundance or scarcity of respect they give others, and the massiveness or insignificance of impoverished citizens that society hosts. The “No Wang-Wang” announcement of P-Noy is decidedly the most radical attitude to the traditional sense of entitlement of the bobos, the most respectful attitude towards those prejudiced by the bobo class. P-Noy only has one more achievement to accomplish that will surely earn for him a status not far from Rizal; P-Noy only has to drastically break the yoke of poverty of half of Filipinos by political will, by moral courage, and by a powerful sense of destiny.

I am especially influenced by some strategic views of the famous Albert Einstein who described insanity as “doing the same thing over and over again and expecting different results.” He actually calls those whom I refer to as the real bobos as insane. What does that make of all our societal leaders who have been confronting our major problems by giving the same failed solutions decade after decade? Should we consider them as bobo or insane?

Einstein went on to say that we cannot solve our problems with the same thinking we used to create them. I use Einstein’s thoughts and words because they ring true more than just because they came from Einstein. I wish what he said is flawed in a significant way because the repetitive solutions we apply to the same historical problems point to serious levels of stupidity on our part. And I say “our” deliberately for the kind of tolerance we show the bobo or the insane.



The poor in this country of ours did not create itself. It was not laziness, it was not kabobohan, it was not even failure that made them poor – they were simply born poor. How can they, then, be the problem? They are victims of poverty, not its author. Only those with the authority, the power, the resources and influence to make the historically non-poor into the poor as we know them now can be the problem.

Why can we who have the desire, the clarity of mind, the generosity of heart, the practically of life, why can we not jump out of the same mindset that we used to condemn our people to poverty, or to tolerate it once condemned? We can be the superior class, the warriors and heroes who can save the rest of our people. We need not stay bobo all our lives. Worse than bobo, we cannot stay unconcerned for brothers and sisters.

One day, we will talk about the way of the warrior, of bayan, bayani and bayanihan. Soon, I know, because I feel the new dawn is here even before I see the light. The dream team of Filipinos is born. The cry of the suffering among us has been heard, their stories now being told and retold. Relief is around the next bend, and the future is full of hope.

Related Posts:
Philippine Politics & Crime - pg 849, 1st post
Philippine Politics & Crime - pg 848, 9th post

[silentmax]

http://blog.heritage.org/2013/07/22/enh ... e-the-day/

Enhanced Military Cooperation: U.S. and Philippines Should Seize the Day

According to press reports, the U.S. and the Philippines have floated the possibility of building joint storage facilities for U.S. humanitarian and disaster relief equipment on Filipino territory.
Military cooperation between the two nations is already strong, but greater U.S. presence in the region would help the Philippines counter an increasingly aggressive China. Clashes between China and the Philippines over the South China Sea were up significantly in 2011 and 2012 and continue to spill over into 2013. And Chinese rhetoric asserting sovereignty right up to the Philippines shoreline has rarely been louder.
The Philippines relies on American technical support and training for its military. Support often comes in the form of joint training exercises, such as the Balikatan joint military exercises and the Cooperation Afloat Readiness and Training that just occurred earlier this month. The U.S. and the Philippines also run counterterrorism and counterinsurgency drills, perform civil-military operations, and engage in intelligence sharing.

[hotconut]

Yeah read this too, another guy also named Wi To Lo...

No offense but really funny..

Capt Some Thing Wrong apparently switched carriers to SouthWest.

Paybacks a bitch.

[silentmax]

can there be now a "Filipino Dream"

http://www.youtube.com/watch?feature=player_embedded&v=ROfEORJ2XTk

How a Pinay garbage collector became a millionaire


MANILA - A grade school dropout turned garbage collector is living proof that one can make money from trash.

Trining Climaco is now a junkshop owner, who made her millions sorting through garbage and turning discarded bottles and scrap metal into thousands of pesos every week.

On ABS-CBN's My Puhunan, Climaco tearfully related to Karen Davila how she worked hard to make sure her children would never experience the hardships she endured at a young age.

[ict121]

Anyone here invested in the AIG Winning Edge by Philam Life last 2008?