Skip to main content

MY TAKE ON THE NAIA/FRAPPORT SCANDAL

When the NAIA 3 Terminal project scandal exploded. My initial feelings were nothing but pity for Frapport AG. They were given a contract by the Philippine government and invested a lot of money into the country. Like Tutubi, I felt that the Philippine government's move to have the contract invalidated for constitutional reasons came very late and was tantamount to changing the rules in the middle of the game. The problem was, Frapport had already poured the money into the country and there was no way that they can take it back.

However, the revelation that there was a grand conspiracy to defraud the Filipinos by knowingly engaging in acts that violates Philippine laws made me change what I felt. If the documents brought into the country by a Frapport stockholder will indeed show that the Frapport officials knowingly approved illegal measures, an official summon should be sent to the people involved and if there is sufficient evidence, the principal characters should be prosecuted. I am not invoking an angry/mob like justice for the accused. The hearings and prosecution should be handled delicately like the war crimes hearing at the Hague. That is the only way that the Philippine government can smoothly can get away with this.

Without any criminal prosecution, the Philippine government will look like a shrewed double talking business enterprise.

Comments

Anonymous said…
Infatuation casinos? inquire this babyish [url=http://www.realcazinoz.com]casino[/url] advisor and seize up online casino games like slots, blackjack, roulette, baccarat and more at www.realcazinoz.com .
you can also go upward of our modishness [url=http://freecasinogames2010.webs.com]casino[/url] orientate at http://freecasinogames2010.webs.com and undergo on hold of above-board overflow !
another late-model [url=http://www.ttittancasino.com]casino spiele[/url] on the extend is www.ttittancasino.com , in profit german gamblers, sire the rise via humanitarian online casino bonus.

Popular posts from this blog

Land Reform: Land of Bondage Land of the Free

One of the most moving speeches that I've read. During grade school, this was the most often recited elocution piece in my school. Here it is, the text of Raul Manglapus' Land of Bondage, Land of the Free. Land of Bondage, Land of the Free By Raul Manglapus And yet, ladies and gentlemen, the tao is constitutionally free! No wonder, then, that the tao being a slave has acquired the habits of a slave. No wonder that after three centuries in chains, without freedom, without hope, he should lose the erect and fearless posture of a freeman, and become the bent, misshapen, indolent, vicious, pitiful thing that he is! Who dares accuse him now? Who dares rise up in judgement against this man, reduced to this subhuman level by three centuries of oppession? Ladies and gentlemen the tao does not come here tonight to be judged -- but to judge! Hear then his accusation and his sentence: I indict the Spanish encomendero for inventing taxes impossible to pay! I indict the usurer for s...

US PRESIDENTIAL CONVOYS

A columnist for a Philippine newspaper talks about the costs and massive preparations required by the US Secret Service whenever President Bush and other (US Presidents) travel outside of Washington DC. I remember watching a CNN report that showed how big a US presidential convoy is, compared to the two vehicle transport being used by Prime Minister Tony Blair of the UK.

How's the Philippine Economy?

The papers report the following: Mutual Funds are UP: First Metro leads the pack with a yield of 18% (year-to-date)with the others, not too far behind. It simply means that an investment made at the start of the year would have already earned 18% of its original value, by now. The Philippine currency is UP: The peso is close to breaking below PhP 48 to a dollar. The Stock Market index is close to attaining an all time (Pre Asian Crisis level). What does it actually say? The continued success of the country's Mutual Funds will most probably lure more foreign (short term investments) into the country. With the american mutual funds market hitting an average of only 10% for the entire 2006, more hot money can be expected to come in. If this momentum continues, coupled with a sustained increase in OFW (overseas foreign workers) remittances, and the absence of a sharply negative occurence in all the other sectors of the economy, the US dollar will most likely continue to decline. D...