Carandang isn’t looking at the big picture.

apanfilo,

Were you serious with that statement?

Gasoline is now being rationed in Metro Manila gasoline stations. I cannot go to Tarlac tomorrow for the interment of someone close to us because I can only purchase maximum of P100.00 gasoline for my car.

Is this policy of Pres. GMA an invitation to chaos as blackshama hinted?

Tama ka. I was assuming that they are correct, those being audited and at least one is a listed company. But then again, financial shenanigans are very real too.

Besides, the UAAP is run by La Sallites. : >

Dean

You can cook the Financial Statement Books. Like most
of those Corporations that put the U.S. economy in
near Depression. Most of the Chief Financial Officers
(CFO) of those companies are now in jail, or awaiting
trial.

The UAAP (University of asia and Pacific) conducted a study on whether there was overpricing. According to their study, wala daw.

Its an old study though. Someday when the DOE Secretary has time, he might read it.

And then someday in the distant future…he might understand it.

Regards,
Dean

Just to substantiate your premise on oil co, profitabilities.

If you do the math on the financial statements of the oil companies you might see that their internal rates of returns are hradly what one can call profitable. Caltex or Chevron for one is only clearing about 9%. That is on the asssumption that the audited statements are true which I assume they are until someone can show that these officials reports supplied to the DOE and the SEC are false.

Regards,
dean

Cocoy, it’s a myth that we don’t have enough money to fund these programs. As a medium income country, we have enough today to eliminate absolute poverty, it’s just that it’s too concentrated to a few families. A lot of wealth is locked up under the control of a few Oligarchs (old and new). If we can free these up from them, then funding will not be a problem. Whether we have the political will to do so has always been the question.

I agree 100%. Carandang doesn’t understand what he’s saying. I wonder whose ideas those are though. I doubt that they are his.

Dean