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Continue reading →: Oil notes: The point is there is overpricing
Based on our latest estimates (released last week) at Bayan (Bagong Alyansang Makabayan or New Patriotic Alliance), oil firms collect about P167.03 million in extra profits daily from consumers due to continued overpricing. The Big Three oil firms accumulate an estimated P138.14 million every day from overpriced petroleum products. Petron…
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Continue reading →: EU and DFA deceiving the public on European lobby for Cha-cha
The Head of the European Commission (EC) in the Philippines, Mr. Alistair Macdonald, and the Department of Foreign Affairs (DFA) are deceiving the public by claiming that there is no “request” from the European Union (EU) for the Philippine government to modify the 1987 Constitution, specifically to lift the constitutional…
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Continue reading →: Cha-cha and the economy
The Makati rally yesterday (June 10) drew in an estimated 10,000 to 13,000 people to protest what former President Cory Aquino described as “a shameless abuse of power” by the Arroyo administration. Organizers warned that the protest would surely escalate in the coming weeks, especially if congressmen force to convene…
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Continue reading →: Real worth of $2.2 billion in investment pledges from the latest presidential junket
What is the real worth of the reported $2.2 billion in investment pledges that Mrs. Gloria Macapagal-Arroyo “brought” home from her weeklong trip to South Korea and Russia? The reported amounts are “pledges”, a promise to invest and not actual investments. And investment pledges these days, at a time when…
I’m Arnold Padilla, a Filipino activist, writer, and researcher.
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