Posted by commiedyan on December 1, 2007
by Henry C. Bollas
Here’s the fruity Vic Mangosteen:
“EDUARDO Cojuangco Jr. borrowed P374 million from Cocobank to acquire the EnriqueZobel block in San Miguel Corp. in December 1983. As of yesterday’s market close, that 20 percent block, which paved the way for Cojuangco to eventually control the region’s largest food, beverage and packaging complex, was already worth about P18.8 billion, representing a 50-fold return in 24 years. Stated another way, Cojuangco saw his original investment, even during his exile years following the Marcos ouster, double every year.”
“San Miguel was trading at P22 a share when the hush-hush sale was being negotiated; Zobel, for still unknown reasons, did not seek any premium from Cojuangco for his block, according to the book, Boss Danding, by Earl G. Parreno.”
Hey thanks for the lesson Mangosteen, but your math is wrong and perhaps your politics is even Read the rest of this entry »
Posted in business, economics, people, politics, Roxas watch | Tagged: corruption, cronyism, danding cojuangco, pcgg, philippine business, philippine economy, vic agustin | 1 Comment »
Posted by commiedyan on November 28, 2007
by Old Spice
The recent return from the dead of Philippine political parties has driven me to a fit of nostalgia, back to my Cole Porter songbook, specifically ‘What a swell party this is.” But sadly, nostalgia just isn’t what it used to be, according to the girlfriend and pen pal of Jean Paul Sartre, in her memoirs.
Mar Roxas has virtually announced his presidential bid in Pia Hontiveros’s Strictly Nonsensical, and Manny Villar has put his money where his future is: the Nacionalista Party. Villar’s claim to fame is his railroading of the Erap impeachment bid way back in 2000, and his tapping into the excess demand of the lower middle class for pigeon holes with Camella and Palmera Homes.
Roxas and Villar are courting the Erap vote. In the politics of addition, Roxas is even open to welcoming back into the fold the constipated Al Atienza, who refused to distribute condoms to his constituents in Manila; and worse, the Defensors, including the prodigal son who was farted out into existence by his dad. Watch out for the supporters of Villar, including the thugs, the brothers Remulla.
We’ve heard that the Lakas and Kampi are soon to merge as SQL (status quo league) but they are in limbo at the moment.
Following closely behind the LP, NP, and SQL is the Kilusang Bagong Lipunan with exactly two and a half members: the charming and compulsively bootlicking Imelda Marcos, and the spitting images of her asses, Oliver Lozano and Ely Pamatong, but I can’t tell you which of the latter is half-cocked. If Imelda manages to seduce Rick Abcede of the PCGG, the KBL will have two and three fourths.
Now for a bit of sexy news: the mother of Roxas asks her son, “Anong K mo if you don’t dump Korina?” She would rather have either Pinky Webb or Ara Mina.
Posted in analysis, breaking news, entertainment, politics, Roxas watch | Tagged: ara mina, cole porter, imelda marcos, kbl, Korina Sanchez, lp, manny villar, Mar Roxas, pcgg, philippine politics, pia hontiveros, rick abcede, sql | 2 Comments »