FRIDAY |FEBRUARY 22, 2008| PHILIPPINES

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Business Circuit


“Never wrestle with a pig. You get dirty and only the pig enjoys himself.”- Mark McCormack, founder of Int’l Management Group, 2000

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Tongue-lashing from GMA

I WOULD not guess whether Romulo Neri will tell all.

I am satisfied that he was quoted as telling Jun Lozada that President Arroyo is evil.

But, if I have to believe my sources in Malacañang, Neri has another ace up sleeve that would send the President going ballistic.

What I have been told is that the President lashed out at Neri and ordered him to approve the ZTE contract under the guidelines that she herself is said to have drawn up.

The first instruction was to avoid the "build-operate-transfer" mode and go for a loan.

Neri was even told, according to a particular source, to drop other projects such as, military and police housing and the rehabilitation of the Angat Dam which are already in the pipeline.

Noting the anomalies, Neri refused to approve the contract and said so in public.

To avoid suspicious that Neri is stubborn when asked to do wrong, he was forthwith named acting chairman of the CHed.

"Acting" because the law covering the CHed states that its chairman must have an earned Ph. D.

Let us wait and see if Neri can be handled by Malacañang to its own advantage although the refusal to approve the ZTE contract is not a good sign. The way I see it, Malacañang is nice to Neri because he has a bag of beans to spill.

Stupid to give up the ODA

The only problem for those who want to make money from ODA loans such as Japan Bank for International Development is to make sure that the bidding is transparent.

In some cases, the donors insist that the contracts be awarded to its own businessmen.

The government is also asked to make a peso counterpart of as high as 30 percent.

But in the case of JBIC, the counterpart is even provided although at commercial interest rates.

There is hardly any downside in ODA-financed projects. The work is done according to specifications; the government spends very little amounts in interest cost.

But then ODA projects deny the chiselers the opportunity for bribes and overprice.

That might well be why the President cancelled 10 of them. Which proves what many suspect: There is too much money to make from projects financed by loans from China.

On the other hand, there is very little to make from ODA-assisted infrastructure.

The choice is between big bribes and overprice and saving the government huge amounts in interest cost plus the integrity of the project. The choice of the President is obvious.

‘Thou shalt not bear false witness’

I have been told that Dante Madriaga, known as former consultant in the Department of Transportation and Communications, might be the next witness in the investigation of the ZTE scandal.

I would not guess what he will say before the Senate Blue Ribbon Committee.

What I do know is that he has been saying a lot of old tales already mentioned by several witnesses who appeared before the Blue Ribbon.

I am a bit scared of Madriaga. I know that he offered Sen. Panfilo Lacson supposedly new unheard of documents regarding the scandal.

But then an adviser of Lacson told me that Madriaga wanted a reward – maybe money.

Lacson immediately turned him down. Not learning from the first lesson, he reportedly went to Joseph Estrada offering the same rotten bill of goods.

He wanted a bigger reward. Estrada showed him the door. There are booby traps all over the investigation. I hope Madriaga’s, if he testifies, is not one of them.

I won’t trust Noli either

Archbishop Oscar Cruz does not trust Vice President Noli de Castro as a potential president. Neither do I.

I have always been uncomfortable with people who get recognition because of their exposure in media.

Very few of them are fit for public office.

Kabayan Noli is not.

When he was in broadcast TV, his audience believed that he was reporting the news from the top of his head. No, he never did that. He could not do it. Nobody does.

They have the so-called "idiot box" where the "readers" or "anchors" read the news but make it appear they are not reading at all.

I do now know any better than Kabayan Noli. But if he would oblige, I would be too happy to debate with him on any subject. No script.

The voters are entitled to have full knowledge of the capabilities or lack of them of their leader.

I think there is too much empty space between the ears of Noli. He is handsome, telegenic, yes. But does that qualify him to lead a country battered to the bone by the President he won with?

The presidency is not a popularity contest. It needs brains to even gun for it.

Bow and arrow

It was most stupid for Malacañang to say that the search for truth must be accompanied by justice.

The search for truth is necessarily accompanied by justice and fairness. The means does not justify the end.

Is there injustice in the search for truth in the ZTE scandal? There is, on the part of government.

Who reportedly took bribes? Not the senators. Who abducted Jun Lozada? Not the senators.

These are all acts of injustice clearly calculated to stop the Senate from getting to the truth.

Who is committing injustice? The witnesses against the ZTE contract or government people trying every known trick to prevent the truth from coming out?

Justice and truth are almost synonymous. They are like a bow and an arrow. Useless each without the other, to quote Henry Wadsworth Longfellow’s "The Song of Hiawatha."

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

   






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