We beg to differ.
Money matters. Indeed it does. How to make it, how to manage it when you get it, and how to spend it when you have too much of it.
Imagine getting your power supply from big 220-volt cylindrical batteries that are charged at power generating plants and then delivered to you every week by truck to be hooked up to your home’s wiring. You then load the spent battery from the previous week onto the truck which then hauls it back to the nearest…
Pity the 21st Century wife and mother. It seems there is some kind of mysterious social force today that puts pressure on her to be some sort of “supermom”. The typical self-described supermom is a sort of sad caricature of the “liberated woman” aspired to by the old late-1960s feminist movement. She is a creation…
Recently, a renowned financial expert in the United States, Suze Orman, was in town for a series of talks about personal finance. Bank of the Philippine Islands (BPI) brought her over as part of their financial wellness advocacy. Naturally, one of the things she focused, and expressed concerns about, is the Filipino attitude towards money….
Read More “Filipino attitude towards money highlighted yet again” »
Following the landmark decision coming from the Senate court trying the impeachment of Chief Justice Renato Corona to uphold a Supreme Court restraining order on the opening of Corona’s dollar accounts, much attention has now been directed to the Philippines’ “archaic” bank secrecy laws. According to also secret United States embassy cables revealed by Wikileaks,…
As the circus that is the impeachment trial of Supreme Court Chief Justice Renato Corona drags on, there is much collateral damage being wrought upon the already fraying society of the Philippines. One is the spectre of a constitutional crisis now casting a pall over the nation’s hallowed institutions. The other is the undermining of…
Recently, an unexpected twist has occurred in the highly controversial impeachment trial of Chief Justice Renato Corona; the Senate has allowed the prosecution’s issuance of subpoenas on bank executives to testify in court regarding the respondent’s bank records. This surge of excessive liberality on the Senate’s behalf seemingly fuelled the dying momentum of the prosecution,…
Word hit the streets the other night that renowned “investigative journalist” Raissa Robles could be the “small lady” referred to by Oriental Mindoro Rep. Rey Umali as the “anonymous source” of an envelope allegedly filled with bank documents. We’ll get to that in a while. Do recall first how on the 7th of Feb the…
The Philippine banking system is out of luck. Trust is the key component of the social capital deficit that saps Philippine society of the substance and conviction needed to do things properly and aspire to greatness. Even as the honourable statesmen of the Philippine government debate its definition, the broader swath of Philippine society consistently…
Read More “Ill-gotten evidence used to prove ill-gotten wealth” »
