Category Archive for: komentaryo

komentaryo

George Ty’s estate: How the wealthy can get away with anything

It surprises me that no one seems to care — or is there a news blackout? — on the crisis of the George Ty estate. After all, we’re talking a conglomerate that has its hands dipped in insurance (AXA Philippines), transport (Toyota), banking (Metrobank), and real estate development (Federal Land), not to mention education (Manila Tytana Colleges) and energy (Global Business Power Corporation). GT Capital also has major stakes in Metro Pacific Investments Corp. (MPIC), which builds roads and tollways.

And while one might like to think that these are private businesses anyway, and therefore none of us should care about what happens to it, that would be small-minded of us. Obviously, this means thousands of jobs on the line. We should also be looking at all the public projects of GT Capital, the ones that it was able to get traveling with Duterte on his official visits to countries like Japan. And let’s not even start about the thousands of Metrobank and AXA Philippines clients, the properties being developed by Federal, the subscribers of Global Business.

It’s also a surprise, that for a President who insists that he is against the abusive rich, the wealthy, the elite, and whose propagandists insist that he wants to tax the rich more than the poor, that Duterte has fallen silent on the Ty’s estate-in-crisis.

George Ty died with a net worth of $3.4 billion dollars as of a June 2018 publication. That’s approximately P174,589,025,357.36 pesos, read: P174.5 BILLION PESOS given current exchange rates. But as of this report, whoever’s holding Ty’s will is  is only declaring his estate to be worth P3 BILLION PESOS.

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komentaryo

Duterte’s children, lust for power, and a discredited Congress

I don’t know what it is we still expect from a House of Representatives ruled by Duterte’s people — men and women who have clearly made the decision to follow this President’s every whim, who have sold their souls to this devil of a government that engages in state violence, impunity, and the murder of democracy.

But then again, we should’ve known this was going to happen. After all, we watched Congress Reps up in arms versus the better Duterte appointees, when he still had his head on straight, but had absolutely no control over even his own party-mates — oligarchs, businessmen, miners, landlords — who were threatened by the likes of Gina Lopez, Judy Taguiwalo, and Paeng Mariano in the Cabinet. Even then, for all his tapang Duterte was revealed to be nothing more but a coward: there is no one he can control other than those people he can fire or kill — and Congress Reps aren’t that.

And then there are his children — more people he cannot even control, a son and daughter who do not listen to their father, and who have their own agendas. If there’s anyone putting Duterte to shame (more than his big mouth), it is his own children.  (more…)

komentaryo

Why this silence surrounding George Ty’s estate-in-crisis?

I rarely — if at all — care about the movements among big business and oligarchs, except when they are in cahoots with government and China to push for anti-people policies, and of course when the issue at hand is one that is about oppressing workers, demolishing the urban poor, and / or violating basic rights. And in this country, we’ve got a lot of that.

But this bit about what has happened since George Ty’s death in November 2018, via Vic Agustin’s Money Go Round column in the Inquirer, piqued my interest. On the surface, and admittedly, it was this narrative of two wives — one Filipino, one Chinese — that made it hard to ignore. (One wonders why Mother Lily isn’t making this into a Mano Po film yet, harhar.) But a bit of research on Ty, and one realizes that what has actually hung in the balance since Ty’s death are far more important: (1) thousands of Filipino jobs, (2) billions of pesos in people’s investments and savings, and (3) the national and global business conglomerate of the ninth richest man in the Philippines.

Even more surprising? If not suspicious, is how it seems like it’s being kept quiet, this whole Ty Estate crisis. Because after it filled mainstream news in February 2019, suddenly there was complete silence about what’s been going on. Save for Agustin’s June 2019 piece, there is practically nothing. No credible status update about Ty’s estate, a silence that puts at risk everyone that works and invests with GT Capital, but also puts at risk the credibility of the whole Ty conglomerate.

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komentaryo

China, Duterte, and Philippine democracy

No, I don’t think Duterte is scared of China.

I think that he and his men entered into agreements with China, they signed on for projects and the Belt and Road Initiative, and now cannot even take a stand against whatever aggression our fishermen experience from the Chinese in West Philippines Sea. Government (i.e., the Philippines) is so deep in China deals that it has become difficult to even speak. Utang na loob is one of the more effective forms of silencing for Filipinos after all, and China — cunning as it is — doesn’t even need to invoke it; they just know someone like Duterte would feel so indebted there would be no way he would be able to take a stand.

Government propagandists call it “diplomacy.” But let’s assess this situation for what it is: Duterte put all his eggs in the China basket, and now he can’t even find his balls.

Here’s the ironic part though: China has realized that it doesn’t matter that they hold Duterte by the balls. It doesn’t matter because it doesn’t mean they can do all that they want with and in the Philippines. What it’s up against is the rest of us. And Philippine democracy — no matter how it’s been discredited and put into question by the success of Duterte propaganda — still has its balls intact. (more…)

komentaryo

Sitio Malipay and the Villars: a story of landgrabbing

The news has (rightfully) been taken over by the fact that a China Maritime Militia (CMM) vessel, where the CMM is “a subset of China’s national militia, an armed reserve force of civilians available for mobilization to perform basic support duties,” also “a fighting force on the front-line of China’s quest to control the seas.”

But so many things (as always) are happening across the country: activists and human rights advocates are being killed, Mangyan communities are being bombed.

And then there’s Malipay. An urban poor community in Bacoor Cavite which yesterday experienced violence in the hands of armed security and demolition personnel hired by the developers who want to destroy their homes and takeover their land.

To the Malipay community, the perpetrators are clear: the developer Vistaland and Lifescapes Inc. That’s the company OWNED by Senator and Duterte-campaign-funder Cynthia Villar, Duterte crony Manny Villar. DPWH Secretary Mark Villar. (more…)