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RCBC Finally Fires Out Maia Santos Dequito

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The Asia Forum Journal

Recently, RCBC fired Maia Santos Dequito and Angela Torres. Ms. Torres is crying foul and complains “harassment from RCBC top brass.”

The case of RCBC is unprecedented, but there are other scams that have gone way up higher than the world’s tallest skyscraper that went undetected. Investigators still need to uncover for instance what happened to many heritage accounts at the Central Bank of the Philippines – CBP (renamed by Tita Cory to Bangko Sentral ng Pilipinas thereby giving away the CBP’s license as a Bullion Bank.)


Unscrupulous officials and private individuals have been milking the heritage accounts by conning the holders and signatories of those accounts and enriching themselves by forging the signatures and misrepresenting those real holders and signatories.


The RCBC scandal is really such a miniscule affair, too insignificant were it not for the alarm bells it raised due to minor mistakes made by the perpetrators. But…

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#Philippines, #Yolandahelp, #Yolandaph, #Yolandaupdate, air line, business sector, downturn, impact of #Yolanda, Philippine civil aviation industry, private enterprise, victims

Reconstruction and Recovery

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The World Bank says that timely reconstruction will help lessen the impact of super typhoon Yolanda. Before we digest these words, it is also significant to look back into the past.

There was a time in fairly recent past when NBC news anchor Brian Williams sounded like a broken record repeating the words over and over again that: Aviation in the United States of America is dying.

This is now true with Philippine air line companies and selected several other businesses in the Philippines right at this very moment.

During the post-Yolanda period, only at least one air line company that very enterprisingly lowered its passenger rates (presumably including for cargo) per seat-mile, notwithstanding that the Philippine government ordered that a number of fees and charges being levied in the aviation sector will be waived, among other behests in order to lessen the burden for victims of the calamity and those that had to fly to ground zero to participate in disaster relief and recovery operations. It is not difficult to hear a wisecrack such as: this suddenly successful air line company must have entered into a conspiracy with Yolanda just to boost its sales.

Dire is a weak description for the situation that a select number of businesses in the Philippines are in right now. More > >