Conditions Warranting

SENATE PRESIDENT Juan Ponce Enrile and House Speaker Feliciano Belmonte make it clear that the amendment they are working at doing in the Philippine Constitution will not be doing away with the 40/60 ownership ratio that must be guaranteed for ownership of properties by foreign entities in the country in order to make the law of the land "flexible" to changing business environment. The First Amendment will involve making it possible for the Congress to change the ratio when "warranted."

Just what conditions that warrants increasing the foreign ownership ratio in order to be flexible? This opening can end up giving foreigners 90/10 over Philippine properties.

Comments

50 Cents a-Rap

American rapper 50 Cents continued to attack Pambansang Kamao Manny Pacquiao in Twitter on recycled and outdated charges on steroids while praising his friend and now legally in trouble Floyd Mayweather. 50 Cents is just being his nature and perhaps sole talent--a rapper--and is just rapping with envy at Pacman.

Era of the Bugs

Recently Microsoft Corporation was attached by electronic bugs, which had been blamed on Russian hackers. However, a few knew just yet that another bugs are becoming more popular in Europe. In London, Horizon Insects , a bug-based restaurant is offering dishes made featuring different bugs, including cricket pizza (uses powder of Acheta domesticus ). The company also distributes beetle beer in Belgium, cricket chips in the Czech Republic, bug burger in Germany. Welcome to the Bugged World!

Cyclone Category 5

Queensland, Australia-resident Ric Marino told ANC of a cyclone category 5. He said: "Once people hear there's a categor 5 cycle, they shop excessively. When we go to the shopping centeres, there are many empty shelves. A retailer worth his mettle will have to ask Marino this question: "Is there a way Australia can manufacture Cyclone Category 5 and send it to the Philippines at least once a month?"

Quick Lines

Search This Blog