Category Archives: Business

Senator Kiko Pangilinan Has Several Theories On Missing Affordable NFA Rice

9B0A5A39-0195-4469-A1B3-3935F00FE9AD.jpegMANILA, Philippines (The Adobo Chronicles, Manila Bureau) – At the recent Senate hearing on the shortage of affordable NFA rice in the market, Senator Kiko Pangilinan  repeatedly asked why NFA rice is nowhere to be found.

As a result of his own investigation, Pangilinan identified three possibilities that would provide the answer to his question:

1. The Office of Vice President Leni Robredo mass-purchased the NFA stocks to use in photo opportunities in connection with her ‘Angat Buhay’ pet project.

2. The Liberal Party bought all NFA rice stocks to hoard and release during the 2019 senatorial elections. The political practice is called vote buying.

3. Former President NoyNoy Aquino purchased the NFA rice to build a barricade around his 25 Times Street, Quezon City residence.  Sacks of rice make for good protection against any form of fire power.

Pangilinan’s theories practically exonerate the NFA from criticism on the depletion of affordable rice stocks.


Senator Grace Poe Calls For The Abolition Of The Law Of Supply And Demand

90864C87-C1AD-4BEF-ABC4-1B6DCC48A866MANILA, Philipppines (The Adobo Chronicles, Manila Bureau) – Senator Grace Poe on Tuesday said those responsible for rice price fixing should be unmasked and be held accountable.

The Senate is currently conducting an investigation on the reported shortage of rice stocks of the National Food Authority.

“To hold accountable also the people who have to be accountable perhaps for the price fixing, o kung ano-ano pang ginawa na pampahirap sa ating consumers at ating magsasaka,” Poe said in her opening statement.

When told by the resource persons that the current price situation of rice in the country is due to the law of supply and demand, Poe said: “Then I move to abolish the law of supply and demand.”




Rappler Senior Managers Revolt Against CEO Maria Ressa

E17C13E0-883B-4E44-BAC0-7719F8AAFF2FMANILA, Philippines (The Adobo Chronicles, Manila Bureau) – It’s the best news one could ever receive: that someone just gave you P5 Million pesos.

That’s exactly what happened to 14 of Rappler’s senior managers who received the news that the online news source’s foreign investor, Omidyar Network, is donating its P78 Million investment to them – equally. 

But there is one problem: Omidyar’s investment has long been gone.  Rappler has failed financially and has used up all the investment money.

That’s very depressing for Rappler’s 13 senior managers (Ressa is the 14th).  So they are planning to stage a protest rally tomorrow in front of Rappler’s officers to demand an accounting of funds — local and foreign.

More trouble for an already-troubled Rappler.