TUGUEGARAO OBISPO NA HUMINGI NG PERA SA PCSO, MAY ARI NG SHARES AT TOP SHAREHOLDER NG AYALA CORP.! WTF!
MALALIM NA BALON NG KAYAMANAN NG SIMBAHAN.
THE CHURCH DO NOT PAY TAXES! MAY TAGO NA BILYONG BILYONG PERA, NANGHIHINGI PA SA PERA NG BANSA! NAGPAPAYAMAN ANG SIMBAHAN! WALANG DAW MASAMA SA PAG-INVEST. WHENEVER THEY COMMIT IMMORALITIES, NOTHING IS WRONG? WTF!
BISHOP WHO GOT PCSO FUNDS IS A TOP AYALA STOCKHOLDER
JM TUAZON, GMA News
07/15/2011 | 07:48 PM
A bishop who sought and received Philippine Charity Sweepstakes Office (PCSO) funds for his retirement home actually has millions invested in one of the country's biggest conglomerates, data from the Philippine Stock Exchange (PSE) show.
According to PSE records obtained by GMA News Research, the Roman Catholic Bishop of Tuguegarao owns more than 24,000 common shares of Ayala Corp., currently valued at P8 million.
With those holdings, retired Tuguegarao Archbishop Diosdado Talamayan holds about 0.0049 percent of the total shares of the company which ranked him 73rd in the Top 100 stockholders list of Ayala Corp.
Letter to Gloria
In 2009, Talamayan asked then President Gloria Macapagal-Arroyo for funds to finish a retirement home in conjunction with his 25th anniversary as a bishop.
It was earlier reported that some P200,000 from PCSO's public relations fund were funneled into the "operational expenses" of a clergy retirement home in Solana town, Cagayan as requested by the bishop for the celebrations marking his 25th year as a Catholic bishop.
The money was disbursed despite the fact that the celebration's organizers, in a letter to then PCSO director Ma. Fatima Valdes, only requested for P2,500 for the tickets to a fundraising dinner the diocese organized.
According to documents obtained by GMA News, Talamayan personally wrote former President Gloria Macapagal-Arroyo a letter in 2009 requesting funds for the retirement home's "finishing touches."
"Our retirement home, which you helped construct, needs only the finishing touches. And I pray that God give me the graces to adjust smoothly to my new phase in my life," the archbishop said in his letter to Arroyo.
In a resolution dated November 2009, the PCSO board decided to grant a request from the Office of the President specifying Talamayan's wishes, but the exact amount of the grant was not disclosed. The board said the money will be charged to the PCSO Charity Fund which, according to its Charter, could only be used for "medical assistance and services and/or charities of national character."
Dioceses as stockholders
The Archdiocese of Tuguegarao is just one of the groups connected with the Roman Catholic Church that hold stocks in companies whose shares are traded on the PSE.
PSE data show that several archdioceses and church groups own stocks in Bank of the Philippine Islands (BPI), Philippine Airlines, San Miguel Corp. and PHILEX Mining Corp.
In BPI, the Roman Catholic Archbishop of Manila ranks fourth in the bank's list of Top 100 stockholders with more than 200 million shares currently valued at P17.3 billion, and represents 6.266 percent of the bank's outstanding shares.
In an interview with GMA News' Sandra Aguinaldo on "State of the Nation," retired Lingayen-Dagupan Archbishop Oscar Cruz said there's nothing wrong with the Church's investments in local firms, since its wealth was merely inherited from Spanish friars over a century ago and was invested in strong companies to nurture it.
But in the view of columnist and staunch Reproductive Health Bill advocate Elizabeth Angsioco, these bishops had effectively robbed the poor of the financial help from PCSO when they, in fact, had the wealth to fund their needs.
"Nagulantang ako doon sa laki ng pera na nasa stocks. Bukod pa do'n, yung panghihingi nila doon sa PCSO, ang kinumpetensya nila, ay yung mga mahihirap na mamamayan," Angsioco said in the same interview.
The P200,000 that went to Talamayan is ten times the P20,000-cap on PCSO's Individual Medical Assistance Program.
Investments in mining
While Cruz condoned the Church's stock investments, he criticized the bishops' holding of shares in mining firms.
"Ngayon nga ang mining nasalaula. [Ito] ay nakakasira ng environment. Palagay ko panahon na [para] kunin [ng mga obispo] nila 'yun, ilabas na nila at i-invest nila sa iba naman," Cruz said.