Category Archives: Finance

Leni Robredo Says She Too Wants To Be Financially Independent

QUEZON CITY, Philippines (The Adobo Chronicles, Quezon City Bureau) – Philippines’ Vice President Leni Robredo told The Adobo Chronicles today that like Great Britain’s Royal Couple Harry and Meghan, she too wants to be “financially independent.”

Robredo was reacting to the shocking news that the Duke and Duchess of Sussex have decided to “step back” from their Royal duties and receive no funding from the Monarchy.

Asked how exactly she’d go about it, Robredo said she will voluntarily abdicate the half a million-peso budget of the Office of the President and return it to the national coffers. “I think it is not fair to the Filipino taxpayers that I’m spending their hard-earned money for doing nothing to help them and our country,” she said.

While the VP says she will continue her pet projects like “Angat Buhay,” she will rely on private donations from the country’s top Oligarchs as well as foreign sources.

Already, Robredo’s announcement has received praise from both sides of the aisle — the Yellowtards and the die-hard Duterte supporters.

Why Philippines’ Central Bank Is Issuing P20 In Coins

MANILA, Philippines (The Adobo Chronicles, Manila Bureau) – Starting in the last quarter this year, the Central Bank of the Philippines (CBP) is expected to issue a coin version of the twenty peso bill.

Officially, CBP is saying that the move will extend the denomination’s shelf life. The paper bill usually lasts for just a about a year before it succumbs to wear and tear. The coin, on the other hand, can last between 10 and 15 years.

Unofficially, a CPB spokesperson told The Adobo Chronicles the real purpose for the coins is to help Filipinos save more money. “Coins will encourage people to deposit into their piggy banks,” he said.

President Rodrigo Duterte supports the move, saying it complements his “Build, Build, Build” program.  He’s calling the coin issuance “Ipon, Ipon, Ipon.”

How Many Zeroes In A Centibillion? We Asked Philippines’ Vice President Leni Robredo

MANILA, Philippines (The Adobo Chronicles) – She’s a lawyer, although she flunked the bar on her first try.  But she’s also known for her math skills, using them to publicly criticize the rising retail prices of rice and the Philippines’ inflation rate.

So  when it was recently reported that Microsoft founder Bill Gates  has joined Amazon founder Jeff Bezos as the world’s only two centibillionaires, we asked Robredo how many zeroes there are in a centibillion.

While math wizards quicky told us there are 11 zeroes in  a centibillion, Robredo disagreed, asserting that there are only 9 zeroes.

”Centibillion comes from two words — cent and billion. A cent is written out in numbers  as 0.01. So multiplying 1 billion by 0.01 gives is 9 zeroes.”

She even showed us a screenshot of her calculation using her China-made iPhone.