OFW Filipino Heroes

Thursday, September 3, 2015

Tourist blatantly breaks Davao city's anti-smoking ordinance, swallows cigarette butt

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Duterte forces smoking tourist to swallow cigarette butt

* A local tourist openly defied Davao City’s anti-smoking ordinance

* He also mocked the restaurant owner who confronted him about the violation

* Duterte poked gun at the man’s crotch and gave the smoker three choices

* The man ended up eating his own cigarette

'Papiliin kita: barilin ko ang bayag mo, i-preso kita, o kainin mo ang upos ng sigarilyo mo,' asks the feisty Davao City mayor of a tourist caught smoking

 

MANILA, Philippines – A tourist literally got a taste of Davao City Mayor Rodrigo Duterte’s non-conventional style of law enforcement.

A Filipino tourist was forced by the mayor to swallow the butt of the cigarette he was smoking after refusing to follow Davao City’s famed smoking ban, according to a Facebook post in a page calling for Duterte’s presidential bid.

The post was written by former North Cotabato governor and former journalist Manny Piñol, who openly supports a presidential candidacy for Duterte.

The tourist was in the city for the Kadayawan Festival when he dared to smoke in a restaurant one night, read the post, crediting “sources close to” Duterte for the information.

The restaurant owner informed the tourist of the anti-smoking ordinance in the city which prohibits smoking in public places.

The smoker allegedly asked, “On whose orders? Bakit pera ba ni Duterte and binibili ko ng sigarilyo? (Why, am I using Duterte’s money to buy a cigarette?)”

Unfortunately for the tourist, the restaurant owner turned out to be a friend of Duterte. The owner asked the police to inform Duterte of the tourist’s transgression.

A few minutes later, the mayor himself walked into the restaurant, prompting the shocked tourist to drop his cigarette and step on it.

Duterte then sat beside the tourist, “pulled out a snub-nosed .38 revolver and poked it at the man’s crotch,” Piñol wrote.

The mayor then allegedly told the smoker: “Papiliin kita: barilin ko ang bayag mo, i-preso kita, o kainin mo ang upos ng sigarilyo mo (I’ll give you these choices: I’ll shoot your balls, send you to jail, or you eat your cigarette butt).”

To these the smoker could only muster a measly “Sorry Mayor” before picking up the cigarette butt and swallowing it, wrote Piñol.

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Davao City is 9th safest City in the World. Image source: Davao Eagle

Dare to challenge the law?

Before leaving the restaurant, witnesses heard Duterte tell the smoker, “Never ever challenge the law.”

Duterte has earned adulation for his hands-on leadership style that many say helped turn Davao City into one of the safest in the country.

But his “vigilante style” of justice and open support for killing criminals has also sparked outrage among human rights advocates and even Justice Secretary Leila de Lima.

Surveys tag him as a popular choice for president in the lead-up to the 2016 national elections. In a May 8-18, 2015 survey done by Laylo Research Strategies, Duterte and former president Joseph Estrada were tied at 3rd place with their national rating of 10%.

Though Duterte is yet to declare his presidential bid and although he has been sending mixed signals about his real intentions for 2016, he has been going around the country explaining his would-be platform and all-out support for federalism in the Philippines. – Pia Ranada/Rappler.com / Kickerdaily

Tuesday, September 1, 2015

The Philippines and KR big winners from China's slowdown but Fearing Investors for MARCOS Jr bid for 2016 Presidency

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The Philippines and South Korea are the big winners from China's slowdown

How panicked were investors last week about China's stock market plunge? Enough to treat the Korean peninsula, a place that was teetering on the brink of war, as a safe haven.

Even as policy makers braced for renewed military confrontation between North and South Korea, the won staged a rally.

It may be time to start counting Korea as a developed nation, rather than an emerging market. 

That's made South Korean assets one of the few bright spots in a dark time for emerging markets. On August 24 alone, investors yanked $2.7 trillion out of developing nations, with Indonesia, Malaysia and Thailand especially hard hit. It matched the violent September 2008 selloff after Lehman Brothers collapsed.

Back then, Korea was battered so hard that pundits were calling it the "next Iceland" and the "Bear Stearns economy". Now, together with the Philippines, it's one of Asia's only refuges from chaos.

It's not hard to explain why many Asian economies are suffering from China's slowdown. Exporters of commodities, who depended on a humming Chinese market, have especially suffered. But why are there such big outliers among battered emerging markets?

Less like lemmings

The answer is that investors are finally basing their decisions less on herd mentality than nuanced, case-by-case analyses.

"Emerging market investors have become a lot savvier," says economist Frederic Neumann of HSBC in Hong Kong.

"Gone are the days where emerging markets were all lumped into one bucket. Today, countries with stronger fundamentals are able to resist the spread of contagion washing over global financial markets."

Along with South Korea and the Philippines, Neumann notes that even some frontier economies, like Vietnam, "have weathered global financial turmoil with apparent ease".

The common link among the success stories is they've got the basics right since Asia's 1997 financial meltdown. They have healthier financial systems, greater transparency, stronger banks, sober national balance sheets, and reasonable current-account deficits.

Malaysia's reckoning, by contrast, is long overdue.

The ringgit is trading near 17-year lows because scandal-plagued Prime Minister Najib Razak cares more about staying in power than modernising the country's unproductive economy.

Meanwhile, Thailand's military junta is undoing much of the progress Bangkok made since the late 1990s in strengthening the rule of law. And for all its gripes that Indonesia is being unfairly lumped in with Asia's laggards, President Joko Widodo's administration is rapidly losing the trust of investors.

While there's still time to win it back, Widodo's first 315 days in office have been a case study in timidity, drift and lost opportunities.

Korea credible

Korea, by contrast, is on the "more credible side of the spectrum," says economist Marc Chandler of Brown Brothers Harriman.

Even though China's downshift and US interest rate hikes will eventually make a dent, the won was Asia's top performer last week. Its 2.7 percent gain almost matched the drop in the Chinese yuan since August 11.

Meanwhile, Korean bond yields are falling. It turns out that the world's central banks had it right last year when they boosted their Korean debt holdings. In 2014, they made up 45.4 percent of the foreign-held portion of Korea Treasury bonds, up from 41.8 percent a year earlier.

It may be time to start counting Korea as a developed nation, rather than an emerging market. Korea still faces many challenges, not least of which are its rogue family-run conglomerates. But its macroeconomic performance deserves the recognition it's receiving from investors.

The same goes for the Philippines. Since 2010, President Benigno Aquino has steadily improved his nation's debt position (winning investment-grade ratings in the process), attacked graft and drawn in waves of foreign-direct investment.

Last month, reporters asked Philippine central bank governor Amando Tetangco if he's worried about the spectre of economic crisis haunting Asia at the moment.

"There's a herd mentality," he said, "but there'll be differentiation."

So far, he's been proven right. The country formerly derided as the "sick man of Asia" has been standing its ground amid market chaos.

Still risks

Risks abound, of course. While South Korea's economic fundamentals are stable – it's growing at a rate of 2.2 percent with a 3.7 percent jobless rate – its high household debt of $458 billion is a concern.

Manila, for its part, faces an uncertain 2016 election, in which Ferdinand Marcos Jr, son of the dictator who ravaged the nation in the 1970s and 1980s, may make a bid for the presidency. History has shown that emerging markets are often just one bad leader away from relapsing into chaos.

For now, the relative stability washing over Korea and the Philippines underscores that steady leadership and long-term thinking matter. It also shows that global investors are getting better at identifying those factors in Asia. - Bloomberg / The Sydney Morning Herald

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