Wednesday, May 11, 2011

SALNs and Weighing Scales-Tinimbang ka Kulang pa rin

Dear insansapinas,

The government employees must have submitted their Statement of Assets, Liabilities and Networth for the year 2010 as of this date. Deadline was April 30. The President himself submitted his but I have not seen a copy yet. Only an explanation why his networth increased by Php 4 million.  Based on the complaints of some investigative journalists, asking for copies of SALNs is like asking for the Holy Grail to be exhibited for public view.
The SALns of the senators disclosed their networth.

Senator Manuel “Manny” Villar is still the richest among his peers with a net worth of P725.2 million in 2010.
Villar, who lost to former senator Benigno Aquino III in the last presidential elections, is known for his businesses in the real estate industry.
Senator Antonio Trillanes IV is still the poorest with P3.8 million.
The others are:
  • Ralph Recto, P418.5 million
  • Ferdinand Marcos Jr., P311.5 million
  • Ramon “Bong” Revilla Jr., P125.7 million
  • Juan Ponce Enrile, P116 million
  • Jose “Jinggoy” Estrada, P93.5 million
  • Sergio OsmeƱa, P82.3 million
  • Pia Cayetano, unchanged from the previous year at P75.85 million
  • Teofisto Guingona III, P73.9 million
  • Edgardo Angara, P70 million
  • Vicente “Tito” Sotto III, P48.9 million
  • Loren Legarda, P45.5 million
  • Juan Miguel Zubiri, P41.2 million
  • Miriam Defensor Santiago, P40.3 million
  • Franklin Drilon, P33.4 million
  • Panfilo Lacson, P24.7 million
  • Gregorio Honasan, P19.3 million
  • Manuel “Lito” Lapid, 18.9 million
  • Alan Peter Cayetano, P15.9 million
  • Francis “Kiko” Pangilinan, 12.4 million
  • Joker Arroyo, P11 million
  • Francis Joseph Escudero, P8 million 

Frankly, I believe that SALNs are only useful if the declarant is honest. A government official who has a lot of assets illegaly procured will not declare these assets in SALN. It is easy to put the ownership to a trusted relative, friend and more than friends. Take for instance the case of Mikey Arroyo. He did not declare the house and lot in Foster City claiming that it is owned by a holding company where he owned a minority share. 

The same is true for glass mansion allegedly owned by a Malacanan official who also denied ownership and instead pointed a holding company to have owned the house.

 The company where hareholders are his friends and relatives was capitalized for less than a million while the house is said to have a value of Php 40 M. Lucky house.

Weighing Scales
The "dishonest wieghing scales" have been part of the" merkado" long before I can take my weight in a scale. So when I read the news that several weighing scales were confiscated, I can only say hohum, balita pa ba yan.

In all walks of life, there is corruption. Vendors in the market cheating the customers, companies underpaying their workers, policemen collecting tongs, procurement officers buying low quality products at exhorbitant prices, entertainment writers and political columnists practising yellow journalism-- and now the new social media people's failure to report gifts, honorariums and tokens in their Income Tax returns.


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