GLOBAL BALITA

by Manuel Buencamino from Filipino Voices http://filipinovoices.com/camella-and-palmera-homes-bond-default?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+FilipinoVoices+%28Filipino+Voices%29 I asked a banker friend about the famous Camella and Palmera Homes bond default of the late 90s and how it related to the VistaLand IPO. Below is the banker’s explanation The Story (all of which, except where indicated, are publicly available information): 1. In July, 1997, Camella [...]

by Lito Banayo from MALAYA                Last Tuesday, we detailed how Manny Villar and his housing corporations made its billions, piggy-backing on the monies of the Republic of the Philippines.  By a scheme called “takeout”, Camella and Palmera, among others, sold socialized cost housing units to any Tom, Dick and Harry, regardless of whether these [...]

by Gil C. Cabacungan Jr. from Philippine Daily Inquirer http://newsinfo.inquirer.net/breakingnews/nation/view/20100424-266198/Aquino-Why-did-Villar-not-declare-P5-B-bonanza BASCO, Batanes, Philippines—Liberal Party presidential candidate Senator Benigno Aquino III said that his rival, Senator Manuel Villar Jr. of the Nacionalista Party, should explain why he failed to declare the P5 billion windfall he earned from the early sale of his and his wife’s stake [...]

by Andreo C. Calonzo from GMANews.TV  (UPDATED 8 p.m.) Senator Manuel Villar Jr. allegedly pressured corporate regulators into allowing him to sell stocks of his listed holding company — in violation of stock market rules — in 2007 so he could fund his presidential campaign. The camp of former President Joseph Estrada bared this allegation [...]

by Gil C. Cabacungan Jr., Nikko Dizon from Philippine Daily Inquirer http://newsinfo.inquirer.net/inquirerheadlines/nation/view/20100424-266114/Aquino-thanks-Estrada-Enrile-Satur-Ocampo-worries SOLANO, NUEVA VIZCAYA, Philippines—Liberal Party presidential candidate Sen. Benigno Aquino III on Friday said he was thankful that deposed President Joseph Estrada and Sen. Juan Ponce Enrile were able to get the evidence that he himself had been pursuing concerning the actuations of [...]

by Gerry Lirio from Philippine Daily Inquirer http://newsinfo.inquirer.net/inquirerheadlines/nation/view/20100423-265926/Villar-Trouble-with-hellos   NP bet used influence to twist stock market rules  (First of two parts) MANILA, Philippines—Hello Fe! Hello Francis! Sen. Manny Villar called Fe Barin, chair of the Securities and Exchange Commission, and Francis Lim, then president of the Philippine Stock Exchange, many times sometime between May [...]

by Frank Wenceslao One of the most memorable passages of President John F. Kennedy’s inaugural address goes as follows: “For only when our arms are sufficient beyond doubt can we be certain beyond doubt that they will never be employed.” That’s why we’ll be reminding Gloria Macapagal Arroyo as often as possible with the support [...]

by Lito Banayo from MALAYA  I do not know if you have come across a well-researched video documentary in the Net about a place called Savannah.  It was put together through the efforts of Manuel Mejorada of Iloilo.  This article is really Boy Mejorada’s work. Boy shows how Manny Villar, through his Crown Communities, Inc., [...]

AS I WRECK THIS CHAIR by William M. Esposo from The Philippine Star Something wonderful happened in our country last Monday. Led by Chief State Prosecutor Claro Arellano, the Department of Justice (DoJ) prosecutors stepped out of their offices and delivered a strong denouncement of Justice Secretary Alberto Agra’s dropping of the murder charges against [...]

Grassroots & Governance by Teresa S. Abesamis from Business World http://www.bworldonline.com/main/content.php?id=9439 The only way presidential candidate Manny Villar could put his motley team together the way it is shaping up is to think “addition.” How can you have Satur Ocampo, BongBong Marcos, Bong Revilla, Pia Cayetano, Adel Tamano, Gilbert Remulla, and Chavit Singson all in [...]