MAV scheme must be nixed, risks corruption–MB member
A SYSTEM that allows traders to import a certain amount of goods at lower tariffs must be abolished, according to a member of the Monetary Board.
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A SYSTEM that allows traders to import a certain amount of goods at lower tariffs must be abolished, according to a member of the Monetary Board.
THE restrictive provisions of the 1987 Constitution have stymied the country’s economic development for decades, according to a former socioeconomic planning secretary.
THE anti-graft court Sandiganbayan acquitted Senator Jinggoy Estrada of plunder charges in connection with the alleged misuse of his multi-million Priority Development Assistance Fund (PDAF), also known as pork barrel funds.
A lawmaker has proposed the integration of the government’s corrections, jail, and probation management systems through the creation of Department of Corrections to finally address the longstanding problems of congestion, abuse, and corruption in the country’s penal facilities.
Last May, in the wake of her passing, video clips of the great Tina Turner performing “Proud Mary” went viral, and hearing it rekindled my lifelong interest in the songwriter behind the song and the band that performed it first—John Fogerty and his band Creedence Clearwater Revival. John Fogerty who? You’ll probably say.
For years the Integrity Initiative has tried to create Integrity Nation, a nation where transparency and integrity rule, and where corruption is no longer part of everybody’s life. Have we succeeded? Not yet. One day we claim: Corruption is Dead! And then we realize: Long live Corruption!
THE 6.4-percent slowdown in growth of gross domestic product (GDP) in the first quarter of 2023 underscores the “urgency” of boosting domestic demand and the economy’s supply response to spur inclusive growth, Ibon Foundation Inc. said.
VATICAN CITY—Pope Francis on Saturday denounced how migrants, the poor and marginalized see their “human dignity crucified” every day through injustice and corruption, and urged the faithful in an Easter Vigil message to keep hope alive for a better future.
When corruption has become systemic, it resembles organized crime. It has its own parallel system of recruitment and hierarchy, or rewards and punishments, of contracts and enforcement. This parallel system has some inherent weaknesses: for example, in no country in the world are bribery and extortion legal. Therefore, they must be kept (somewhat) secret. The money gained must be hidden. New members cannot be openly recruited. The mechanism for enforcement is illicit.
SEOUL, South Korea—The foes of South Korea’s likely new leaders have called them blindly naive, closet North Korea followers and anti-American—an unsettling accusation in a country where the alliance with Washington has been the military bedrock for seven decades.
If the Philippines has earned an unsavory reputation as the third- most corrupt country in the world, it is not undeserved. After all, corruption seems to be taking place everywhere—especially at the immigration, customs and internal revenue bureaus, even at the Land Transportation Office and Land Transportation Franchising Regulatory Board, two attached agencies of the Department of Transportation—that President Duterte has reiterated his policy of zero tolerance for monkey business in the bureaucracy.
“Honey ants survive in difficult times by depending on certain members of their group known as “honey pots.” They take in so much nectar that they swell up until they resemble little round berries, hardly able to move. When food and water become scarce, these ants act as “social stomachs” and sustain the entire colony by dispensing what they have stored in their own bodies.”
“…In uncertain economic times, there is a stronger temptation to defend one’s interest without concern for the common good, without paying much heed to justice and legality. For this reason, everyone, especially those who practice a profession which deals with the proper functioning of a country’s economic life, is asked to play a positive, constructive role in performing their daily work.”
A faction of lawmakers in Park Geun-hye’s ruling party is calling for her ouster, putting the opposition closer to the numbers needed to impeach South Korea’s president over an influence-peddling scandal shaking Asia’s fourth-biggest economy.
During the 20 years Ferdinand Marcos spent as president of the Philippines, his official salary never rose above $13,500 a year. Nonetheless by 1986, when the “people power” revolution prompted him and his wife to flee into exile in Hawaii, they had amassed a fortune. Imelda Marcos left behind her shoe collection, but her husband brought with him jewelry, gold bricks and freshly printed Philippine currency, together worth around $15 million. In all, he and his cronies are thought to have plundered perhaps $10 billion.
In President Park Geun-hye’s hometown of Daegu, a city at the heart of South Korea’s economic boom in the 1970s, even the sight of her face is enough to make residents cringe.
Customs Commissioner Nicanor E. Faeldon on Wednesday assured he is ready to subject Bureau of Customs (BOC) officials and personnel to a lifestyle check, as part of the government’s campaign to address corruption in the agency.
It is a scene out of the movie The Gang That Couldn’t Shoot Straight.
THE Volunteers Against Crime and Corruption (VACC) on Monday implicated former Government Corporate Counsel Raoul C. Creencia and another former official of the Philippine Amusement and Gaming Corp. (Pagcor) in the P234- million plunder and graft charges it earlier filed against the state-controlled gaming company’s former chairman, Cristino Naguiat, and 10 others.
THE Senate will not readily comply with the Ombudsman’s order dismissing Sen. Joel Villanueva, who is seeking reconsideration of the ruling, over alleged misuse of P10-million Priority Development Assistance Fund (PDAF) in 2008 when Villanueva was still a congressman.
Yak Yew Chee, a former BSI SA private banker, became the first person to be found guilty in
a Singapore case linked to 1Malaysia Development Bhd. (1MDB). He also became the first banker to be convicted in the global corruption and money- laundering probes surrounding the Malaysian investment fund.
One of South Korea’s biggest anti-government protests in decades has escalated pressure on President Park Geun-hye to resign over an influence-peddling scandal.
Indian jeweler Bachhraj Bamalwa’s phone hasn’t stopped ringing since Prime Minister Narendra Modi announced on national television that high-denomination bills will be withdrawn from Wednesday as the government cracks down on corruption.
AN umbrella network of road users has been allowed by the Commission on Appointments (CA) to present its case against the confirmation of Transportation Secretary Arthur P. Tugade.
THE Department of Finance (DOF), acting on the ruling of the Office of the Ombudsman, has ordered the dismissal of the municipal treasurer of Buguias, Benguet, for her alleged involvement in the P728-million fertilizer-fund scam.
A lawmaker has urged President Duterte to order the investigation on how the multibillion-peso funds allotted for Supertyphoon Yolanda rehabilitation and reconstruction were spent during the term of former President Benigno “Noynoy” S. Aquino III.
Sen. Joseph Victor “JV” G. Ejercito expressed readiness on Monday to serve a 90-day suspension ordered by the Sandiganbayan for an alleged offense committed when he was still San Juan mayor involving purchase of firearms using the town’s calamity fund. In a privileged speech justifying the transaction, Ejercito said he was even willing to go to jail to “protect my constituents.”
SEOUL, South Korea—In only a few days, South Korea’s biggest scandal in years has done what six decades of diplomacy and bloodshed couldn’t. It has united the rival Koreas, at least in one area: indignation against South Korea’s leader.
South Korean President Park Geun-hye’s former secretaries were arrested early on Sunday on charges of involvement in a political scandal that has led to calls that Park herself step down.
By Elmer V. Recuerdo | Correspondent
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