Category Archives: Economy

Rappler Releases Its 2018 Networth

8D980DCA-46AB-41BE-A492-8A1941ADE32DMANILA, Philippines (The Adobo Chronicles, Manila Bureau) –Rappler is reporting that Philippine Presient Rodrigo Duterte’s networth for 2018 increased by P1 Million compared to last year.  This figure comes from the President’s latest Statement of Assets, Liabilities and Networth (SALN).

In the meantime, the online news source which has been troubled by the Securities and Exchange Commission (SEC) decision to revoke its media license because it violated the Constitutional provision that media companies are supposed to be 100% Filipino-owned, released its own networth.

According to Rappler CEO Maria Ressa, her company’s worth in 2018 has been reduced to ‘worthless.’


Leni Robredo’s Speech At London School Of Economics Lukewarmly Received

183A0D0D-9C02-4AED-AA06-4D01EBCE4D69.jpegLONDON, United Kingdom (The Adobo Chronices, Berlin Bureau)- Organizers of Leni Robredo’s speaking engagement at the London School of Economics (LSE) must be twisting and turning in bed tonight following the lukewarm reception extended to the Philippine Vice President.

Outside, a group of London Filipinos staged a protest rally, calling Robredo a ‘fake VP’ and expressing disgust over news from back home that the recount of votes in the 2016 VP Elections was marred with discovery of wet ballots and missing vote logs.

D98EE2B8-CBBD-4F17-9742-3A0A940A079AInside, Robredo tackled the issue of politics and its role in alleviating poverty.  She talked about her programs distributing free lugaw (rice porridge) to poor Filipinos.

Sources present at Robredo’s speech told The Adobo Chronicles that leading economists and some students in attendance walked out in the middle of her talk. They expected a more scholarly speech and were clearly disappointed.

Senator Bam Aquino Invokes Law Of Gravity In Seeking NFA Administrator’s Resignation

CE536368-9F9A-49FF-B9D3-8EDB51F3727A.jpegMANILA, Philippines (The Adobo Chronicles, Manila Bureau) – Yesterday, The Adobo Chronicles reported that Senator Grace Poe wanted to repeal the Law of Supply and Demand as she publicly called for the resignation of NFA Administrator Jason Aquino. Poe blamed Aquino for the short supply of NFA rice.

Another Senator, Bam Aquino, also called for his namesake (no relation) to step down, but had a different argument.

Senator Aquino invoked the Law of Gravity in seeking the NFA head’s resignation.

”What goes up, must come down,” Aquino said, “Administrator Aquino was on top, now he must come down.”