The Philippine Onion

Lies and half-truths shall set you free

Posts Tagged ‘philippine business’

Magdalo offer $100 reward for ‘kick me out’ sticker on Arroyo

Posted by commiedyan on December 2, 2007

by Mon Tofu

Responding to the government’s offer of P1 million for information aiding the capture of renegade Capt. Nicanor Faeldon, the underground Magdalo, composed of active and inactive military officers, has offered its own reward: $100 for any overseas Filipino worker who could tack a ‘kick me out sign’ on Gloria Arroyo’s back during her seven-day visit to Europe. In addition, the OFW would also be entitled to $100 worth of mobile phone credits available for global roaming.

The most recent rebel military adventure has drawn mixed reactions in the country and worldwide. Those arrested are still awaiting a decision by the justice department on whether the charges filed by police have probable cause. Faeldon has been charged in absentia.

The Philippine Daily Inquirer quoted Arroyo’s statement before she left last night: “I hereby direct all our government departments and agencies, especially our security and defense forces, to remain vigilant and flush out any remaining threats to national security and public safety in the country, while at the same time restoring among our people a state of normalcy and calm.”

According to Senator Miriam Defensor Santiago, the Magdalo reward comes from the Makati Business Club, and the phone credit was pledged by Globe Telecoms, lending credence, she said, to suspicions that the coup plotters are being financed by big business. She also called Oplan Peninsula a “harebrained idea hatched by narcissistic fungus-faced attention-grabbing lollipop-sucking nonbreast-fed amateurs.” We tried but failed to reach MBC executive director Read the rest of this entry »

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Posted in briefly noted, Malacañang, politics, security | Tagged: , , , , , , , , , , | 3 Comments »

Math lessons for Vic Mangosteen;business lessons from Danding Co(co)juangco

Posted by commiedyan on December 1, 2007

eduardo-cojuangco-jr.jpg

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: , , , , , , | 1 Comment »