Home along da riles in Naga City

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A rustic rail side community in Naga City.



Photo submitted by Joshua Nellasca.

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Leni Robredo misdeclared MERALCO stocks possibly worth 6 million pesos!

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Leni Robredo admitted to Mike Enriquez during a radio interview on May 9 that she owned stocks at Meralco. She also admitted that such had a value of 95k pesos in 1995. Robredo did not declare the value of these stocks, and while she declared owning stocks, the value of such is not listed in her SALN as an asset. Now after doing some crowd-sourcing and math, here is what I found out. I could not get the share prices of Meralco stocks in 1995. What I got thanks to Carlos A Jr Cortes is the value in 2000 which is 4 pesos per share. Using this, and this is even conservative since the price in 1995 must have been lower than 4 pesos, then Robredo owned at least 23,750 shares of stocks (95k divided by 4). The current share price of Meralco is 272 pesos per share. If we use this value, then Robredo has at least 6.46 milion pesos (at least 23,750 shares multiplied by 272 pesos per share) of assets which she failed to declare in her SALN. Using the Corona precedent, this is an i...
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Reporters Karen Lema and Manuel Mogato of @Reuters LIED about the Duterte "Hitler" quote

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The oh-so-noble journalists are at it again, this time, with Duterte’s Hitler comment. I am no Duterte fanatic. I criticize him more scathingly than anyone when his mouth is out of line. But this time, Duterte really didn’t say anything wrong. The real culprits behind the fuss over his Hitler comment are Karen Lema and Manuel Mogato, two Filipino reporters of the Reuters news agency, who wrote this article: “ Philippines’ Duterte likens himself to Hitler, wants to kill millions of drug addicts ”. Lema and Mogato are Filipinos. There’s no way they could have misunderstood what Duterte really meant in his speech. I watched the video and this is what the President said: “Hitler massacred 3 million Jews. There are 3 million drug addicts. I’d be happy to slaughter them. At least, if Germany had Hitler, the Philippines would have ….. my victims, all criminals, to finish a problem of my country, and save the next generation.” (See for yourself here . The Hitler part is at 14:40....
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Over 100M-peso cost of #DongYanWedding shouldered by GMA Network as publicity investment!

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I was correct with my gut feelings. My friendly butiki, who listens to everything inside the executive offices of GMA7, confirmed that it was the network that paid for everything (repeat, everything) in the so called 'royal wedding'. It was over Php100m on the wedding day alone, not including other expenses in the pre-nuptial activities. This is an eye-popping amount if it is just a wedding expense (as I am one of those who think that a 20m wedding is already stupid and insensitive in a Third World setting, even if one could afford a 500m one). Over 100m, however, is a justifiable amount, even cheap vis-a-vis the ROI, if it is accounted as marketing and advertising expense of a large corporation that regularly spends much more anyway in their ads and promos. If the network has been able to project that their signature stars are bigger than those from competition, then they would have been able to deliver the message that GMA7 is the bigger kid in the block (don't get me...
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Duterte BPI bank scandal a trap set for Trillanes?

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There are now papers floating around that the BPI account in Julia Vargas has a running balance of around Php22,000xx from March 2015 to March 2016. It's peanuts, and Trillanes makes a big fuzz about it? Sonamagan, even call center agents would have this kind of bank accounts; definitely does not show a corrupt DU30. And then, Trillanes talks of 42 real estate properties, but mostly owned by the children of DU30. Yet, the first one that media checks is a unit in P Guevarra, which is only valued at 2.3 million. Even ordinary employees could buy such unit. That could hardly buy just the main door, an imported antique, in the house of Binay, which has been valued at 15 million, yes just the freaking door by itself. What is this, they are again using trial by publicity, which they effectively used on CJ Corona whom they accused him of having 80 properties. In the end, it comes out Corona had only four properties, three of which was purchased for investment purposes only. I don'...
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