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Continue reading →: PPP summit: A grand party of the biggest compradors and finance oligarchs hosted by a haciendero President
Senior government officials led by President Aquino himself, some 150 to 200 foreign and local investors, and high-level representatives from the World Bank, Asian Development Bank (ADB), Japan Bank for International Cooperation (JBIC) as well as private financial institutions like the Deutsche Bank AG, HSBC, Standard Chartered, and ING Bank…
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Continue reading →: SLEx toll hike: Supreme Court defends private profit over public interest
Last October 21, the Supreme Court (SC) upheld the constitutionality of toll hikes and of public-private toll deals, paving the way for the quadrupling of the rates at the South Luzon Expressway (SLEx). According to SLEx’s private operator, the South Luzon Tollway Corp. (SLTC), they will implement the higher rates…
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Continue reading →: The Philippines for sale: Noynoy’s first 100 days (Part 2)
First published by the Philippine Online Chronicles Read Part 1 Aquino used his first foreign trip as President as an opportunity to heavily promote his PPP scheme. In a speech before members of the Council on Foreign Relations, a New York-based think tank, he said: “Given the scarce resources that we…
