Category: money

8 in 10 Filipinos ‘struggling, suffering’ financially

By Camille Diola

MANILA, Philippines — Only 18 percent of Filipinos saw themselves as “thriving” financially, while the rest of the represented population said they are “struggling” or “suffering” in terms of economic security.

The recent Gallup-Healthways State of Global Well-Being Index 2014 reported that Filipinos’ perception of financial security is notably below the Asian and global averages of 25 percent.

Read on…

Why Senate should not allow the redefinition of savings and change the meaning of ‘errata’

By Leonor Magtolis Briones 

Last Monday, November 17, 2014 a number of interesting events happened in the Senate. In the morning, a necrological service was held for the much-loved Senator Juan Flavier. Two other related events took place: the referral to the Committee on Finance of the General Appropriations Bill (House Bill 4968) and a briefing by Social Watch Philippines on why the Senate should not allow the redefinition of savings and change the meaning of the word “errata.”

Read on…

Brion’s hand on Abad’s collar

By John Nery

Much has already been said about the incident involving Budget Secretary Butch Abad and a score of student protesters at the University of the Philippines the other week. Inquirer reporter Erika Sauler’s summary sentence, in a report she filed a few days after the incident, can serve as a helpful wrap-up: “As he exited the auditorium [and made his way] to his vehicle, a group of protesters from Stand UP (Student Alliance for the Advancement of Democratic Rights in UP) ganged up on him, calling him a thief as they threw crumpled pieces of paper, placards and coins in his direction.” Other reports described one protester grabbing Abad by the collar.

Regardless of where one stands on the issue, whether the students were justified in their violent protest or not, the incident seems to me to demonstrate that words in fact have consequences in the real world.

When the Supreme Court released its decision finding parts of the controversial Disbursement Acceleration Program unconstitutional, the following two paragraphs were immediately taken as justification for the anti-DAP position.

“Nonetheless, as Justice [Arturo] Brion has pointed out during the deliberations, the doctrine of operative fact does not always apply, and is not always the consequence of every declaration of constitutional invalidity. It can be invoked only in situations where the nullification of the effects of what used to be a valid law would result in inequity and injustice; but where no such result would ensue, the general rule that an unconstitutional law is totally ineffective should apply.

“In that context, as Justice Brion has clarified, the doctrine of operative fact can apply only to the PAPs that can no longer be undone, and whose beneficiaries relied in good faith on the validity of the DAP, but cannot apply to the authors, proponents and implementors of the DAP, unless there are concrete findings of good faith in their favor by the proper tribunals determining their criminal, civil, administrative and other liabilities.”

In other words, President Aquino, Abad and other officials were deemed guilty until proven innocent (or possessing good faith). I think there is a straight line from this extraordinary inversion, from Justice Brion’s hand, to Abad’s collar.

where’s our sense of priorities? #bohol

boholanos are feeling abandoned, said tina monzon-palma on anc news last night; many devastated boholanos had yet to receive any kind of relief goods and services three days after the quake.  on tv patrol charie villa observed that there seemed to be no foreign assistance coming in, unlike in other disaster ops, and noli de castro said it could be because the government had said we didn’t need help, we could handle it (or something to that effect).  of course it could also be because the roads leading to these neglected towns and barangays have been rendered impassable, and yet ANC was able to get there.  and on dzmm teleradyo’s SRO, doris bigornia asked pointedly why the congressmen of bohol, relampagos and yap, in particular, were nowhere to be seen or heard.

maybe it would have been different if the prez had been around — i’m sure south korea would have understood if he had postponed the trip to a better time — and then, again, who knows.  what’s clear lang is that other concerns seemed to have overwhelmed, such as how metromanila would fare if/when the west valley fault acts up, and meanwhile, are manila’s old churches safe? is malacanang palace?  and, of course, back in bohol, the question of bohol’s ruined churches, for which there is much wailing and gnashing of teeth, and the call for restoration seems to be getting more government attention, as if these were more important than the hungry, thirsty, miserable people of bohol, some of them desperate for loved ones still buried in rubble.

please, first things first.  unahin naman ang taongbayan ng bohol na kalunoslunos ang kalagayan, hindi ang mga simbahan that used to be.  those churches are gone. let’s settle for ruins as tourist attraction, why not, and build new ones on the side, stronger versions.  but all that should wait until life is back to normal for boholanos.  all that can wait until it is clear where the money will be coming from.  meanwhile, church authorities will simply have to fend for themselves and for their parishes, find places to hold mass and other rituals, rain and/or shine.  this is not a good time to ask the faithful for help to rebuild churches, not even the rich parishioners; any available funds and resources should first be poured into helping the people of bohol rebuild their lives.

and speaking of funds.  ano ba ang totoo?  ubos na nga ba ang 2013 calamity funds — break it down, please — and this is why palace spokesman lacierda is saying that they hope to use the “savings” aka DAP to respond to the needs of bohol?  i suppose he was also thinking DAP when he said this:?

“What we need in terms of assistance from international friends would be experts in restoring churches…these are heritage sites. We’re looking at making sure were able to restore churches,” Lacierda said.

“We will appreciate (international aid). We’re not calling for aid. No man is an island. Kagandahan lahat ng bansa, nagtutulungan ang marami. May concern sa bayan kung may maitutulong. We appreciate international assistance although we have enough resources to handle the situation,” he added.

or is it just a ruse to pressure the supreme court to rule on DAP’s legality fast, otherwise kawawa naman ang bohol?  sana naman hindi.  surely mayroong matuwid na paraan.