Category Archives: Business

Business, Economy, Government, International, Law Enforcement

Dozens Of Filipinos Arrested For Using Chinese Currency In Divisoria

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MANILA, Philippines (The Adobo Chronicles, Manila Bureau) – Dozens of Filipino shoppers in Divisoria  were arrested by police authorities for trying to pay with renminbi, the currency of China.

Most of those arrested recently visited Beijing and other cities in China as part of a tour group and had leftover Chinese currency.

Apparently, those apprehended read a news story in radyo.inquirer.net that Chinese currency may now be used in business and other transactions in the Philippines. It was supposedly one of the 29 agreements signed by Philippine President Rodrigo Duterte and Chinese President Xi Jinping during the latter’s recent visit to Manila.

Others said they saw a tweet by retired celebrity Jim Paredes about the Inquirer story.

 

Business, Government, Law Enforcement, Media, Social Media

BREAKING: SEC Clears Rappler, Says It’s Not A Media Company After All (Yellow Edition #3)

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MANILA, Philippines (The Adobo Chronicles, Manila Bureau) –  There’s bad news and there’s good news.

The bad news: The Department of Justice has indicted Rappler, Maria Ressa and several others for tax evasion.

The good news: The Securities and Exchange Commission (SEC) has cleared Rappler from charges of violating the Philippine Constitution that prohibits foreign ownership of media companies.

The new SEC order means that Rappler and its parent company Rappler Holdings Corporation can continue to do business with or without foreign investment.

A spokesperson for SEC told The Adobo Chronicles that after careful review of the documents provided by Rappler, as well as tons of its previously published stories, SEC concluded that the online news source is actually not a media company and as such is not coverecd by the Constitutional requirement of 100% Filipino ownership.

“It has become quite clear that the “news stories” published by Rappler over the years are actually personal opinions of Ressa and her corps of Rapplerettes,” the spokesperson said.  Just like personal blogs, published opinions such as those of Rappler’s are not covered by media ownership regulations.”

Champagne flowed at Rappler’s headquarters soon after the SEC news broke.

As for the tax evasion indictment of Rappler? Well that’s a different opinion, uhm, we mean news story.

Business, Government, Politics

Duterte To Business People: You Can Give Government Officials A Pat On The Back

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0396C2EE-5C0D-44A6-9A23-15DAD68A1500MANILA, Philippines (The Adobo Chronicles, Manila Bureau) –  President Rodrigo Duterte on Wednesday night repeated his call for businessmen to slap and humiliate corrupt government officials and personnel in his presence.

Speaking at the brand launch of Guangzhou Automobile Corporation Motor Philippines in Pasig City, Duterte assured businessmen that he’d be available 24 hours to meet them should they wish to air their concerns against corrupt officials.

“And I assure you that if it is indeed something which amounts to corruption or graft, I’ll give you the privilege of slapping that person a dozen times in front of me,” Duterte said.

The Adobo Chronicles asked President Spokesperson Salvador Panelo this question: But what if it turns out that the government officials are proven to be honest and doing an excellent job?

”Then,” Panelo said, “ the businessmen and women can give the government officials a pat on the back.

Fair enough!