Category Archives: Finance

Vice President Leni Robredo’s Comment On Money Laundering Charges Filed In The U.S. Against Janet Napoles And Kin

F7ADF8D1-7F4E-442C-9CCB-78BA8331413E.jpegMANILA, Philippines (The Adobo Chronicles, Manila Bureau) – After receiving news that alleged PDAF Queen Janet Napoles and her kin were formally charged in the United States for money laundering, Vice President Leni Robredo sent The Adobo Chronicles this comment:

”Tunay na nakakabahala. Nguni’t higit sa lahat, sayang ang perang nilabhan.  Bakit kailangang gawin ito? Madumi naman talaga ang pera, hindi na dapat labhan at ikula. Sana, ipinamahagi na lang ito sa mga kababayan natin sa laylayan.”

 

SPOX Harry Roque: Philippines’ Inflation Rate Is Inflated!

E961B3CA-6AA3-45F2-B3CB-A943B76C7A79.jpegMANILA, Philippines (The Adobo Chronicles, Manila Bureau) – Presidential Spokesperson Harry Roque came to the defense of his boss, Rodrigo Duterte against critics who blame him for the current rise of the country’s inflation rate to an all-time high of 5.2% . (The last time inflation rate reached 5.2% was in 2011 during the tenure of NoyNoy Aquino.)

In a statement issued to the news media, Roque said that the 5.2% inflation rate is “inflated.”  “It’s more imaginary,” he added.

To prove his point, Roque listed his observations which attest to the fact that Filipinos are not feeling the impact of the supposed high inflation rate:

  • Malls and restaurants are always crowded
  • There are always long lines at ATMs
  • The long lines at groceries and supermarkets have become unbearable
  • Designer clothes, shoes and bags are always sold out at department stores
  • Filipinos have two, three or even more cellphones
  • When stuck in traffic, people can’t help notice the unbelievable number of new and expensive private cars
  • Filipinos are buying more condo units than they can manage
  • Philippine casinos and Bingo halls are always packed
  • Popular hotels like SOGO are always fully booked
  • The Vice President, Leni Robredo, is always traveling overseas

 

Move Over Angat Buhay, Leni Robredo Launches New Pilot Program

B9A74524-0476-4218-BEBF-4A8889585210.jpegQUEZON CITY, Philippines (The Adobo Chronicles, Quezon City Bureau) – “Angat Buhay” has been a signature project of Vice President Leni Robredo, aimed at helping poor Filipinos with livelihood projects that would improve their economic status.  But that’s  in the past.

As Robredo enterered her third year as Vice President yesterday (notwithstanding the still ongoing electoral protest filed by Bongbong Marcos), her office has announced a new nationwide project that would enable Filipinos to travel across the country and even internationally.

The new program is called “Travel now, pay later.”

The idea for the program came about when the Commission on Audit (COA) announced that the Office of the Vice President has not liquidated local and international travel funds received by her staff.  COA rules are crystal clear that cash advances for government travel must be liquidated within 30 days and excess funds returned within that period.

The OVP says it will ask Congress to increase its budget in the coming fiscal year in order to help jumpstart the travel program.

In the meantime, Robredo said the program will be implemented on a pilot basis, starting with her office staff.

So expect more local and international travel for OVP officers and employees.  They can all travel now and pay later.