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Showing posts with the label RCBC

Editorial 3/21/16 (banking, Philippines, money laundering, earth, protection, peace, Syria, RCBC)

Philippine Star  "Bank secrecy" Senators reportedly want to “dig deeper” into the money laundering scandal involving several casinos and a bank. Congressmen, apparently hit by publicity envy, have  announced plans to conduct their own probe. The congressional inquiries, ostensibly in aid of legislation, could be stretched all the way to election day.  With just three months left before incumbent officials finish their terms, can any piece of legislation even be proposed in connection with this probe? One measure  needed to prevent a repeat of the scandal has been sought by authorities since the Anti-Money Laundering Act was passed in 2001: an easing of bank secrecy laws,  which are among the toughest in the world. But every Congress has brushed aside the proposal. Will the ongoing probe make a difference?   [full text] Sun.Star Cebu  "Vote Earth" Launched by the World Wide Fund for Nature in 2007, the Earth Hour began as a “lights-off” event in Sy...

Editorial 3/14/16 (Abu Sayyaf, kidnapping, local government, violence, women, Davao River, international relations, Philippines, money laundering, RCBC)

Philippine Star  "Lucrative industry" Local governments play a crucial role in the success of any campaign against extremists and criminal gangs. But there is persistent suspicion that local officials  themselves are in cahoots with the bandits,  using kidnapping to raise funds. With the government’s no-ransom policy just meaningless rhetoric, kidnapping has become  one of the most lucrative industries in Mindanao.  The Abu Sayyaf and other bandit groups in Mindanao have successfully prevented the development of some of the poorest areas in the Philippines. They continue to give  the country a negative image overseas, dampening tourism even outside their areas of operation. The Abu Sayyaf should have been neutralized a long time ago, with a  combination of security and development approaches. The government cannot allow this blight to thrive.   [full text] Sun.Star Cebu  "Violence by women" According to the master narrative dictated by c...