OTHER VOICES : South-East Asia Press : Fund scam

Published
0

FOR Blue Ribbon committee chairman T.J. Guingona to salvage a measure of credibility … the inquiry into the Malampaya Fund scam is necessary. If public and not party interest is to be served, the misuse of the fund generated from government royalties out of the lucrative natural gas project … should have had priority similar to the investigation into the Priority Development Assistance Fund ... anomaly.

…[I]f the Senate really wants to go deep into the root of corrupt practices in government, the investigation should be pursued to its conclusion and not halted midway to selectively condemn chosen personalities. Suspicions abound that the Malampaya Fund’s misuse will involve key personalities of the administration of [President] Noynoy which may reach all the way to the doors of Noynoy at Malacañang, which is the reason for the foot dragging of Guingona in holding a probe on it. In one of the Senate hearings, economic officials of Noynoy admitted that the collections from the Malampaya royalties that reached P130 billion was being used as a general fund and juggled at will. ... — (May 5)

Opinion

Editorial

Fixing bond markets
01 Oct, 2026

Fixing bond markets

THE plan to deepen the domestic local currency bond market by allowing the public to trade government securities...
Call centre rackets
01 Oct, 2026

Call centre rackets

A NUMBER of recent raids conducted by the authorities in different cities point to the growing threat fraudulent ...
Homeward bound
01 Oct, 2026

Homeward bound

FIVE months after Somali pirates captured an oil tanker carrying a 19-member multinational crew, Somali maritime...
Kashmir unresolved
Updated 30 Sep, 2026

Kashmir unresolved

The just solution lies in India addressing the issue through a trilateral dialogue involving the legitimate representatives of the Kashmiri people and Pakistan.
Water shortage
30 Sep, 2026

Water shortage

THAT the country is entering the Rabi season with an anticipated water shortage of nearly 25pc, the lowest carryover...
Young hearts
30 Sep, 2026

Young hearts

THE observance may have passed, but the message of World Heart Day should not fade with it. The occasion is a useful...