Quote:
Originally Posted by etsys
And the oligarchs/cronies are only busy stashing their money .. so no, cannot help the local economy, unless some dumb foreigner pumps in money, so the oligarchs/cronies can steal some out of the investor ..
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Please dun have the presumption that Filipinos are always the crooks.
Just a few days ago Mr. Hwang , the korean CEO of Fontana Resort in CDC has been arrested for false accounting to cover his siphoning of funds from the company. This fund consists of money invested by the local populace and the Philippines Government in the company to develop the CDC.