Category Archives: Business

Cynthia Villar Wants To Close Down Schools To Make Way For More Land Development

MANILA, Philippines (The Adobo Chronicles, Manila Bureau) – Senator Cynthia Villar wants “underperforming” schools disbanded by the Department of Education.

 “‘Yung mga maliliit [na schools] baka idisband natin yun,” Villar said in an ambush interview Thursday at a Stratbase forum in Taguig City.

We caught up with Villar during her recent inspection trips to one of VistaLand’s land and housing development projects (Villar owns VistaLand), and this is what she told us:

”Sayang naman yung mga lupa na kinatatayuan ng mga underperforming schools.  Let’s put the land to good use by converting them to housing developments.”

Villar, many will recall, was the author of the Rice Tarrification Bill which is now law.  It stripped the National Food  Authority of its rice procurement function by allowing for unli importation of the staple commodity by private entrepreneurs.  Many rice farmers have complained that they are losing their only means of livelihood because of the law.  It is rumored that some of them are considering just selling their farm land to VistaLand.

Sa ikauunlad ng bayan, Vista an kailangan.

Manila Water, Maynilad To Invest P10.8 M In Bottled Water Business

MANILA, Philippines (The Adobo Chronicles, Manila Bureau) -What will Manila Water and Maynilad do with a total of P10.8 Billion awarded to them by the Permanent Court of Arbitration (PCA)? 

Invest in more water!

PCA has ordered the Philippine national government to pay the Ayala-owned Manila Water P7.4 Billion and Manny Pangilinan’s Maynilad P3.4 Billion for losses the two water concessionaires  incurred due to rejected water hikes back in 2015.

In a joint statement issued today, the two firms announced they will invest their award in bottled water.  “We always like to invest our money in more profitable ventures,” the statement said.

The bottled water — bearing the brand Manila Water and Maynilad — will be available to consumers starting this December, but only in Ayala Malls nationwide.

SM Malls have their own bottled water distributed under their Bonus brand.

 

Senators To Push For 1/2 Renewal Of ABS-CBN’s Franchise?

MANILA, Philippines (The Adobo Chronicles, Manila Bureau) – A small group of Senators identified with both the Administration and Opposition is reportedly considering to push for the renewal of ABS-CBN’s broadcast franchise which expires on March 30 next year.

We spoke with the group on condition of anonymity.

As a compromise to the growing clamor for the non-renewal of the network’s franchise, the group says it will file a bill to renew  1/2 of the broadcast license — just the entertainment portion of it.

What this means is that ABS-CBN will not be allowed to continue its biased news operations.  ABS-CBN is known for its “Teeeeeevey Patrol,” “Nagbabagang balita (smouldering news)” and “Hexclusives.”

The compromise seems to have the support of the majority of the Senators, especially Senator Grace Poe who is closely associated with the forever-running teleserye, “Ang Probinsiyano.”

The government’s communications arm, the Presidential Communications Operations Office (PCOO) is poised to take possession of ABS-CBN’s news facilities if the Senate proposal is approved.