Last of Two PartsTHEY CALL it “Dutertenomics.” Its tagline: “Build, build, build.” Its boast: “The golden age of Philippine infrastructure.” Its estimated bill: PhP8.4 trillion, to be sourced from taxes, foreign and local loans, and Official Development Assistance (ODA) from bilateral partners.By 2022, senior officials of the Duterte administration promise that roads, bridges, skyways, and […]
By Kenneth Cardenas* Fellow, Philippine Center for Investigative Journalism ———————————————————————————————————————————————————————————AVLB Asia Pacific Conglomerate, Inc.AVLB Asia Pacific is primarily engaged in coir, peat, and upholstery padding. As of end-2014, it had yet to operate commercially. Its registered address is JGD Plaza, at the corner of Lizada Street and Monteverde Avenue, Davao City. The same address is […]
EDITOR’S NOTE: In this analytical essay, PCIJ fellow Kenneth Cardenas takes a closer look at the multibillion-dollar deals signed during President Rodrigo R. Duterte’s state visit to China in October 2016 and raises questions about transparency, due diligence, and the role of money in the current administration. ———————————————————————————————————————————————————————————————- By Kenneth Cardenas* Fellow, Philippine Center for […]
As China’s go-go economy rose, Sun Tiangang played the offshore game like a master.
He set up dozens of companies, he says, in the Cayman Islands, Bermuda, and the British Virgin Islands as he made a fortune in hotels, electronics, food packaging and, eventually, as an oil baron.
Close relatives of China’s top leaders have held secretive offshore companies in tax havens that helped shroud the Communist elite’s wealth, a leaked cache of documents reveals.
A cache of 2.5 million files has cracked open the secrets of more than 120,000 offshore companies and trusts, exposing hidden dealings of politicians, con men and the mega–rich the world over.
The secret records obtained by the International Consortium of Investigative Journalists lay bare the names behind covert companies and private trusts in the British Virgin Islands, the Cook Islands, and other offshore hideaways.
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[simpleviewer id=10 width=640 height=550]KOBE – When the Great Hanshin-Awaji Earthquake struck on Jan. 17, 1995, this port city in western Japan was devastated in an instant, leaving 6,437 either dead or missing and about $100 billion worth of infrastructures damaged.Today there is not a trace of the tragic event in this city nestled in between […]
IN A FIELD of restored and restricted democracies, and repressive regimes, the Philippines’ so-so score in the 2010 Open Budget Survey is cause enough to celebrate. One of Southeast Asia’s economic laggards, the Philippines did one better: it tops 10 other countries in the region in terms of budget transparency.
This is even as the Philippines scored a measly 55 out of a possible 100.
IT IS Southeast Asia’s largest country in terms of land area, yet there is reason why Burma is unfamiliar to many people, even within the region.
For one, it has been isolated for the last few decades as a result of both Burmese and international actions. For another, press freedom is unknown in Burma, which means accurate and up-to-date information is hard to find — and report — even within the country itself.
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