Filipinos: LEST WE FORGET! (tags)
We seem to have forgotten that once upon a time, not too long ago, there was this family, the Marcoses, comprised of Ferdinand (now deceased), Imelda (still gallivanting and traipsing the light fantastic in Manila and occasionally, kung maka lusot, overseas), and 3 children, including Ferdinand "Bongbong" Jr who's now running, under Presidential candidate Manny Villar, in the SAME Senatorial slate as political activists (??) Liza Maza and Satur Ocampo.
MERGER NG PNB-ALLIED BANK, GANAP NA KONTROL NI LUCIO TAN SA BANKO (tags)
Nalaman ngayon ng EPCC NEWS na magsasanib ng Philippine National Bank (PNB) at ang Allied Banking Corporation (ABC). Dahil dito ganap na makokontrol ni Lucio Tan ang kontrol sa PNB dahil makokompleto nito ang 80% dahil sa pag-aari niya sa Allied Bank. Ang Allied bank ay dating kontrol ni Juan Ponce Enrile at ng mga Marcos. Isa ito sa mga hinahabol na ari-arian ng PCGG subalit bigo sila sa kanilang pagiimbestiga laban dito maging sa ma kaso laban kay Lucio Tan.
Philippines agrees to settle NYC taxes for $9-M to save $29-M (tags)
Corruption stretch from the Philippine sea to the other side of the shining seas- in the United States. AJLPP learned through media sources that New York mayor Michael Bloomberg welcomed the Philippine government’s promise to pay $9 million in property taxes, including interest, calling it “what every other law-abiding property owner does.”
US court nixes RP ‘privilege’ over real estate tax debts (tags)
In a legal debacle for Manila, a United States federal court judge has ruled that the Philippines cannot invoke diplomatic privilege so that it would not be compelled to pay $19 million worth of unpaid real estate taxes to the New York City government. The New York City government scored a victory over real estate tax-delinquent states, including the Philippines, India and Mongolia, after US District Judge Jed Rakoff, in a written opinion, ruled in favor of the city. Rakoff’s ruling will force the three countries, which are renting out offices and business establishments housed in diplomatic buildings in New York, to settle their financial obligations to the city’s government. Reports said India owed the city $39.4 million including taxes, while Mongolia has to pay $4.2 million.
Govt battles martial law victims for Marcos funds (tags)
Victims of abuse under Ferdinand Marcos are battling the Philippines government in a Singapore court for $25 million plundered by the former dictator, lawyers said Thursday. About 10,000 victims of human rights abuses under Marcos, who died in 1989, are competing with claims from five foundations linked to the former dictator and the Philippine National Bank (PNB) as well as the government. The $25 million is all that remains in dispute after hundreds of millions of dollars in funds held in escrow overseas were earlier returned to the Philippines government after a 2003 court ruling.