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Why the Philippines is a third world country…
March 5, 2009Note from me: As a UP graduate, I was taught of so many social sciences theories (I was a Dev’t Studies major, mind you.). My former professors would go on and on about why the Philippines and Filipinos are like like what we are now. But I think this is one of the reasons why the Philippines is a third world country. Of course it’s just my opinion and I know there are still so many factors why we are like this. Anyway, I’m glad that part of our history (Marcos’ regime)is (almost) over.
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Philippines recovers 1.8bln dlrs from Marcos: official
AFP - Wednesday, March 4
MANILA (AFP) - - The Philippines has recovered at least 90 billion pesos (1.83 billion dollars) from deposed dictator Ferdinand Marcos’s family and allies, a government official said Tuesday.
Narciso Nario, a commissioner with the Presidential Commission on Good Government (PCGG), said this disproved accusations by some legislators that his agency should be abolished because it was not doing its job.
“We were able to recover 90 billion pesos in cash and other assets including lands and houses that were part of the Marcos ill-gotten wealth, since the PCGGs founding,” he told the agency’s employees.
The PCGG was created in 1986 to recover assets from Marcos and his allies following the popular revolt earlier that year in which he was deposed.
Nario cited the recovery last month of 261 million pesos in cash dividends from a Philippine telecommunications firm that the courts had recently ruled were illegally acquired by Marcos cronies.
Marcos ruled the country from 1965 to 1986, much of the time under martial rule, during which he is alleged to have enriched himself, his family and his allies through graft and corruption.
Marcos died in exile in 1989 but his family has regained some of its political prominence.
No one knows just how much Marcos and his associates stole and estimates vary from five to 10 billion dollars, much of it hidden in overseas bank accounts, including some in Switzerland.
After Marcos was overthrown, the Swiss government froze assets and 683 million dollars in his accounts.
Most of these assets were eventually transferred to the Philippine government but a full recovery has been complicated by the fact that much of it has been deposited in accounts held by former Marcos associates.
Source: http://ph.news.yahoo.com/afp/20090303/tbs-philippines-justice-marcos-059e858.html
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Me, Me, Me...
A thinker, a doer, a dreamer...A proud Filipina, a happy wife, an excited mum-to-be, an Iska (Go UP Maroons!)...A blogger writing about my new life here in Australia, with the love of my life. Read on and you'll know more about me. :p
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- Philippines President:
I’ve not spent a huge amount of time in the Philippines but its clear to me it’s a wonderful country. Anyway, I’m just commenting here because I’m researching blogs about filipino life and found your site on google. If you have any ideas on areas to go while in Manila then I’d love you to share them with me. Happy Holy Week!
- halfasniceasyou:
@Pat: Hi din sis! Hehe..Miss mo na ko? :p
@Sheila: Basta iwas na konti sa sweet at carbo. Kaya mo yan! :p- Pat:
Hi cess! Wala lang. Hehehe.
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*pounds pala
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Hi! Ilang punds si Baby Gab? From my last check up, sabi ng doc ko baka mahirapan daw ako kase malaki yung baby ko… Kailangan talagang mag push hard!
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ah, kaya pala m.i.a. sa fb ha. busy-busyhan magblog. hope you’re doing okay. ikiss mo si Gab for me. o cge, si Neddy na rin! LOL
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Ganyan din tsura ng belly ko… paling! Hehe! Naka-tilt naman sa right side. Hirap pala pag malaki na, ang tulis na ng bones.
Have a safe delivery… lapit na! I’ll be waiting for your delivery kwento.
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Hi sis, im back! Kamusta na? Dadating na si tita!
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Hi Pat & Sheila! Grabe less than a month na lang! Weeee!!!! :p
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Halu sis! Wala lang… hehehe.
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30 days na lang!
kakainip na mag antay! 
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@Pat: Grabe, malapit na malapit na sis. Pine-prepare ko na sarili ko sa sakit! Waaaahh!
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Cess and Ned’s baby, 31 days to go! Yoohoo!
- tinaaa:
wow pareho pala tayong may celeb this weekend. post mo lahat sa fb yung pics. ako rin magpopost eh. nagreply pala ako sa snoopy email mo
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- tinaaa:
sabi ko na nga ba NR! haha. okay lang yan. sorry sa pangha-harass. pati si patty alam! sinumbong mo ko noh? waahhaha
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hoy ang aga mo magupdate ng blog. yun kagad bumungad sa email ko. nyaha! may email pala ako sa snoopy mo. check mo dali!
- Cess:
@Sheila: Malapit na talaga. hehe.. and i’m still working hanggang mag-37 weeks ako. kamusta naman yun di ba? salamat po. :p
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Lapit na! Have a safe delivery.
- Cess:
Toinks talaga sa’yo Pat! Nagulumihanan ako in fairness! Ahaha..
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