Category: Userposts

ERAP for President, again?

We just came across this picture from one of the presidential candidates for the coming elections – ERAP. Joseph “ERAP” Estrada (born Jose Marcelo Ejercito on April 19, 1937) was the 13th President of the Philippines, serving from 1998 until 2001. Estrada, like U.S. president Ronald Reagan, gained popularity as a film actor, playing the…

Suspected Al-Qaida-linked militants raided a village in the southern Philippines early Saturday, killing 11 people in the country’s worst militant attack on civilians in nine years. Gunmen from the extremist Abu Sayyaf group backed by renegade Muslim separatist rebels fired grenade launchers and automatic rifles on houses while residents were asleep, killing one government-armed militiaman…

The Philippines now has an up to date bankruptcy framework which aims for a faster and more orderly rehabilitation or liquidation of financially distressed companies and individuals. This took 10 years to achieve. Before the end of the 14th session of the congress they passed the “Financial Rehabilitation and Insolvency Act” on Tuesday. This is…

Gloria Arroyo steps down

President Gloria Arroyo on Thursday stepped down as leader of the Philippines’ ruling party but offered no clues about her future plans amid talk she may seek a seat in Congress. Arroyo, whose six-year presidency, tainted with allegations of graft, ends next year, urged her party to rally behind its presidential candidate, Defence Secretary Gilberto…

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