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Much of the public’s concerns against the much touted Maharlika Investment Fund (MIF), the country’s first ever sovereign wealth fund, have to do with billions in ill-gotten wealth supposedly stashed in secret bank accounts abroad.
It was a tough UAAP Season 86 and a heartbreaking championship game, at least for us, the Diliman faithful. We were so close, yet as fate would have it, the ball slipped through the Maroon boys’ hands in that epic ‘do or die’ game against the Green Archers.
Inside a war room of sorts within Cebu Pacific’s sprawling Airline Operations Center in Pasay near the Ninoy Aquino International Airport (NAIA), agents, perhaps with bated breath, are glued to giant monitors that show the airline’s social media accounts.
It might have been a scene straight out of the gripping HBO series Succession because it was about the retirement of a media empire’s big boss and the announcement of his successor. But the comparison ended there; there was neither a cunning plot to steal the throne or a dark denouement as what happened to the Roy family in the television series.
Alas, some of the vertigo-inducing actions of Rody Duterte’s administration have now been put in the spotlight and, one way or another, are being rectified. That’s the good news.
The Asian Development Bank (ADB), the Transaction Advisor on the privatization of the Ninoy Aquino International Airport (NAIA), has spoken.
Once in a while, rare treasures from decades past – which are almost always intertwined with the country’s history and our story as a people – surface or resurface, thanks in no small measure to some of the richest and most powerful families in the Philippines and their obsessions for rare and priceless finds.