DIE HARD III
Herman Tiu Laurel
09/17/2010
When I watched the farcical Senate, with the likes of Joker Arroyo faulting media’s work in the hostage crisis, and read such do-nothing solons criticizing our colleagues Michael Rogas of RMN and the TV crews, I can only thank media for risking life and limb to get the full story or else the tales of the dead hostages and Senior Insp. Rolando Mendoza may never have come to light — this, as the highest officials of the land are still trying to cover up their dark motives, siopao predilections, and gross incompetence.
Media need not apologize; the authorities failed to direct the scene in every way. But as I watch these farces, I remember the real struggle of a few good men of idealism and vision, continuing their fight for justice and social change despite the absence of media’s klieg lights: Sen. Antonio Trillanes IV, still in unjust detention, and Capt. Gary Alejano, who won the mayorship of Sipalay, Negros Occidental but was Hocus-PCOSed and now fights for a manual recount.
Media should pay more attention to these real struggles, as these people are the ones who can make the difference. In fact, the women behind these warriors are as dedicated and visionary, too: Arlene Trillanes, once a military officer in her own right, and Minnie Alejano, who carried the campaign when Gary was in detention. The public knows much more about Senator Trillanes than they do about Gary Alejano. The latter is a young Marine officer who abandoned the much-coveted Medal of Valor Award almost eight years ago on the day he chose to join the Bagong Katipuneros’ march to Oakwood to make a stand for change by condemning corruption in the military and beyond. In all these years, Alejano’s twin girls only grew up visiting and playing with him inside the Fort Bonifacio brig and later the Camp Crame detention center.
Capt. Gary Alejano’s aborted Medal of Valor was based on his rescue of a team of soldiers from another unit trapped and under severe threat from enemy combatants in an encounter along the Narciso Ramos Highway, which connects Marawi and Parang to Cotabato. The Medal of Valor is the highest, most prestigious, and most coveted honor given to any member of the Armed Forces of the Philippines for “acts of conspicuous gallantry” and a deed “of personal bravery and self-sacrifice above and beyond the call of duty so conspicuous as to distinguish himself clearly above his comrades in the performance of more than ordinary hazardous service.”
Gary, whom I have come to know well since his detention in 2003, exhibits truly heroic humor and equanimity in the face of the worst possible crises, as I have witnessed when I was arrested and detained with him after the Manila Peninsula stand-off at Camp Crame.
Candidate Alejano ran in the last elections, along with fellow Magdalo partymates in other parts of the country, such as Navy Seal Lt. James Layug, Army Capt. Dante Langkit and Lt. Ace Acedillo, who ran for congressional seats in Taguig, Kalinga, and Cebu, respectively. Even though Magdalo was not accredited as a party despite its track record as a national organization of around 85,000 card carrying members to date, these four gentlemen still had the fortitude to run as independents.
By all accounts, Alejano won in his bid for the mayorship of Sipalay, a city which he has great vision for — a vision that inspired his constituents to come together to vote for him in the hope of freeing their beloved place from the monopoly of the Montilla dynasty that prevents the full development of tourism and mining potentials there.
On election day itself, the camp of the Montillas had already become mournful. Their impending debacle became clearly written on the wall. Eight of 10 “deacons” of a religious sect had joined the campaign of Alejano despite the promise of money and threat of expulsion from their church. Volunteer campaign workers for Alejano had swelled the ranks, and nothing stood in the way of a people’s victory over the old dynasty.
The mood in the other camp only turned for the better when rumor filtered out from their headquarters that they had found the “fix” to deliver the “winning” votes. Alas, as in so many areas of the country, such as in the premier city of Manila, where candidate Lito Atienza is now engaged in a recount of the Hocus-PCOS votes, the issue of manipulated voting machines reared its ugly head.
Alejano has filed a protest with the Commission on Elections, calling for a recount, and is still being asked to fork over P235,000. That is not an amount easy to come by; yet he is determined to push through with the recount to prove the election anomaly — in the interest of future election exercises which would become meaningless if the Hocus-PCOS is allowed to wreak havoc again. I have joined Alejano’s struggle to obtain this manual recount of votes, to prove the Hocus-PCOS fraud and seat the rightful and deserving leader in place.
Contributions to Alejano’s “Election Protest Fund” can be sent directly to Gary Alejano, Samahang Magdalo HQ, 2/F Timog Bldg., Barangay South Triangle, Quezon City. I am also doing the rounds of friends and supporters personally to raise funds for this cause. Please help restore our democracy; let’s each do our share.
(Tune in to Sulo ng Pilipino, Monday, Wednesday and Friday, 6 to 7 p.m. on 1098AM; watch Politics (and Economics) Today, Tuesday, 8 to 9 p.m., with replay at 11 p.m. on Global News Network, Destiny Cable Channel 21; visit our blogs, http://newkatipunero.blogspot.com and http://hermantiulaurel.blogspot.com)
Friday, September 17, 2010
Monday, September 13, 2010
The DoF’s ‘Foolish-ima’
DIE HARD III
Herman Tiu Laurel
09/13/2010
As always, great horn-blowing accompanies the latest multi-billion peso borrowing announced by PeNoy Aquino’s Finance chief. Cesar Purisima clearly hopes this will drown out objective and critical analysis of the P44.1 billion in new loans added to the already enormous P4.6-trillion national government debt stock and our total debt of about P7 trillion. One headline even quotes the Hyatt 10 balik-secretary describing the oversubscribed issue as a “landslide vote of confidence,” the “first peso-denominated bond outside the country,” a “milestone,” and “the first time an Asian country conducted a float using its own currency.”
By real honest standards, however, forensic financial analyst Hero Vaswani of the Kilusang Makabansang Ekonomiya explains that there is nothing really great about it. If anything, that huge borrowing is merely evidence that the Philippine economy is unable to generate revenues, and that the government still has to borrow to finance its operations, despite claims of a 7.9-percent GDP growth.
A debt is a debt. Yet Purisima says the peso bond issuance “is the latest development in the (country’s) financing program in support of the government’s proactive management of external liabilities, particularly with respect to reducing its vulnerability to foreign currency risks.”
But isn’t it really just the foreign financial syndicates’ way of avoiding the volatility of the US dollar by tying up a debtor country to an exchange rate for the bond? So far, only the weak and unstable countries, such as Colombia in South America, have become suckers to this scheme of issuing local currency bonds.
National Treasurer Roberto Tan even supported the new peso bond debt, saying it would “enhance the government’s debt investor profile,” despite past examples of investor profiles given to countries such as Greece that have shown the scoring by the financial ratings agencies to be really meaningless.
Even as Purisima boasts that the peso bond issuance was oversubscribed 13 times, we ask: Isn’t this oversubscription just a symptom of the hard times in the western economies? The US is facing an on-going “low intensity depression” and its policymakers have already pumped trillions of dollars into the system, leading to desperation on where to park the overflowing financial assets.
Further, Vaswani explains that the US is lending at practically zero interest; which is why so-called “investors” have started to use this to buy Third World debt earning upwards of 5 percent. This reminds me of the “petrodollars” 40 years ago when US dollars overflowed after the Organization of Petroleum Exporting Countries required oil to be traded only in that currency, as the Middle East crises (of created wars and oil embargoes) exploded oil prices from $15/bbl to almost $90/bbl (adjusted to 2008 dollar values). Trillions of US dollars then had to be recycled by finagling or forcing Third World countries to swallow a lot of un-payable loans.
Purisima is simply doing what all his predecessors have done: Increasing our debt; failing to raise revenues for government; and relying on new debts to finance the growing national budget with its increasing annual deficit-spending. The two months under the PeNoy administration has not brought about new ideas for generating greater revenues without imposing new taxes and other pains onto the public. Hence, the imbroglio over the value-added tax (VAT) on tollways, the raising of MRT fares, and now, the removal of the senior citizens’ VAT exemptions, which came out in the news just last Sept. 9.
Where then is the much-vaunted “anti-corruption dividend,” where savings from cleaning up waste from graft and corruption are supposed to make up for the deficits and fulfill the “no new taxes” pledge from PeNoy’s election campaign?
The plain truth is, the Philippines will never be able to break loose from the tightening strangle of the “debt trap” because every administration since the February 1986 elite counter-revolution (with the sole exception of Erap Estrada) had all been against the national economic development paradigm of Ferdinand Marcos.
After Cory Aquino took over, state revenues and the people’s wealth — as directed by the US State Department and Makati Business Club — were aggressively transferred to the oligarchy through trade liberalization (jumpstarted by Cory and Bobby Tañada’s removal of 3,000 items from tariff protection); privatization and deregulation of strategic industries and public utilities (Meralco, Petron, Napocor, etc.); and reversal of progressive income taxation through the institution of the regressive VAT system.
It went on through Fidel Ramos and peaked under Gloria Arroyo, where Big Business raked in P3 trillion in profits in just nine years!
To stop this bloodletting, the people must wrest power away from the oligarchy and put a genuinely democratic leadership in place. Unless PeNoy undergoes a miraculous transformation and becomes truly Pinoy — no longer for and of the US and the Makati Business Club — Filipinos will have to continue their search for genuine nationalist and patriotic leadership. It could be still by elections, if we can stop the future use of those Hocus-PCOS machines, or it can well be by other means, which may prove feasible when the time comes.
In the meantime, let’s continue to expose what the current Finance secretary is really doing in contracting all these new debts — whether in peso, dollar, euro, or yen. Debts in any currency are just the same old financial foolishness. Right, Mr. Foolish-ima?
(Tune in to Sulo ng Pilipino, Monday, Wednesday, and Friday, 6 p.m. to 7 p.m. on 1098AM; watch Politics (and Economics) Today, Tuesday, 8 p.m. to 9 p.m., with replay at 11 p.m. on Global News Network, Destiny Cable Channel 21; visit our blogs, http://newkatipunero.blogspot.com and http:hermantiulaurel.blogspot.com)
Herman Tiu Laurel
09/13/2010
As always, great horn-blowing accompanies the latest multi-billion peso borrowing announced by PeNoy Aquino’s Finance chief. Cesar Purisima clearly hopes this will drown out objective and critical analysis of the P44.1 billion in new loans added to the already enormous P4.6-trillion national government debt stock and our total debt of about P7 trillion. One headline even quotes the Hyatt 10 balik-secretary describing the oversubscribed issue as a “landslide vote of confidence,” the “first peso-denominated bond outside the country,” a “milestone,” and “the first time an Asian country conducted a float using its own currency.”
By real honest standards, however, forensic financial analyst Hero Vaswani of the Kilusang Makabansang Ekonomiya explains that there is nothing really great about it. If anything, that huge borrowing is merely evidence that the Philippine economy is unable to generate revenues, and that the government still has to borrow to finance its operations, despite claims of a 7.9-percent GDP growth.
A debt is a debt. Yet Purisima says the peso bond issuance “is the latest development in the (country’s) financing program in support of the government’s proactive management of external liabilities, particularly with respect to reducing its vulnerability to foreign currency risks.”
But isn’t it really just the foreign financial syndicates’ way of avoiding the volatility of the US dollar by tying up a debtor country to an exchange rate for the bond? So far, only the weak and unstable countries, such as Colombia in South America, have become suckers to this scheme of issuing local currency bonds.
National Treasurer Roberto Tan even supported the new peso bond debt, saying it would “enhance the government’s debt investor profile,” despite past examples of investor profiles given to countries such as Greece that have shown the scoring by the financial ratings agencies to be really meaningless.
Even as Purisima boasts that the peso bond issuance was oversubscribed 13 times, we ask: Isn’t this oversubscription just a symptom of the hard times in the western economies? The US is facing an on-going “low intensity depression” and its policymakers have already pumped trillions of dollars into the system, leading to desperation on where to park the overflowing financial assets.
Further, Vaswani explains that the US is lending at practically zero interest; which is why so-called “investors” have started to use this to buy Third World debt earning upwards of 5 percent. This reminds me of the “petrodollars” 40 years ago when US dollars overflowed after the Organization of Petroleum Exporting Countries required oil to be traded only in that currency, as the Middle East crises (of created wars and oil embargoes) exploded oil prices from $15/bbl to almost $90/bbl (adjusted to 2008 dollar values). Trillions of US dollars then had to be recycled by finagling or forcing Third World countries to swallow a lot of un-payable loans.
Purisima is simply doing what all his predecessors have done: Increasing our debt; failing to raise revenues for government; and relying on new debts to finance the growing national budget with its increasing annual deficit-spending. The two months under the PeNoy administration has not brought about new ideas for generating greater revenues without imposing new taxes and other pains onto the public. Hence, the imbroglio over the value-added tax (VAT) on tollways, the raising of MRT fares, and now, the removal of the senior citizens’ VAT exemptions, which came out in the news just last Sept. 9.
Where then is the much-vaunted “anti-corruption dividend,” where savings from cleaning up waste from graft and corruption are supposed to make up for the deficits and fulfill the “no new taxes” pledge from PeNoy’s election campaign?
The plain truth is, the Philippines will never be able to break loose from the tightening strangle of the “debt trap” because every administration since the February 1986 elite counter-revolution (with the sole exception of Erap Estrada) had all been against the national economic development paradigm of Ferdinand Marcos.
After Cory Aquino took over, state revenues and the people’s wealth — as directed by the US State Department and Makati Business Club — were aggressively transferred to the oligarchy through trade liberalization (jumpstarted by Cory and Bobby Tañada’s removal of 3,000 items from tariff protection); privatization and deregulation of strategic industries and public utilities (Meralco, Petron, Napocor, etc.); and reversal of progressive income taxation through the institution of the regressive VAT system.
It went on through Fidel Ramos and peaked under Gloria Arroyo, where Big Business raked in P3 trillion in profits in just nine years!
To stop this bloodletting, the people must wrest power away from the oligarchy and put a genuinely democratic leadership in place. Unless PeNoy undergoes a miraculous transformation and becomes truly Pinoy — no longer for and of the US and the Makati Business Club — Filipinos will have to continue their search for genuine nationalist and patriotic leadership. It could be still by elections, if we can stop the future use of those Hocus-PCOS machines, or it can well be by other means, which may prove feasible when the time comes.
In the meantime, let’s continue to expose what the current Finance secretary is really doing in contracting all these new debts — whether in peso, dollar, euro, or yen. Debts in any currency are just the same old financial foolishness. Right, Mr. Foolish-ima?
(Tune in to Sulo ng Pilipino, Monday, Wednesday, and Friday, 6 p.m. to 7 p.m. on 1098AM; watch Politics (and Economics) Today, Tuesday, 8 p.m. to 9 p.m., with replay at 11 p.m. on Global News Network, Destiny Cable Channel 21; visit our blogs, http://newkatipunero.blogspot.com and http:hermantiulaurel.blogspot.com)
Posted by
admin
at
5:42:00 AM
Friday, September 10, 2010
More 'peace bonds' as poverty rises
DIE HARD III
Herman Tiu Laurel
09/10/10
Ihe latest poverty survey of the Social Weather Stations (SWS) from June 25 to 28 tracks a new rise in self-rated poverty — from 43 percent (or 8.1 million families) to 50 percent (or 9.4 million families) — for the first two quarters of 2010. This was the same period that posted a 7.9-percent “growth,” according to the economic managers of Gloria Arroyo and PeNoy Aquino. Worse, food poverty went up, from 31 percent (affecting 5.9 million households) to 38 percent (or 7.2 million households).
Much of this increase in poverty in the rural areas, especially in Mindanao, makes food poverty or hunger particularly troublesome in light of the PeNoy government’s solution, which is to get identified poor families queuing for P1,400 monthly while denying the National Food Authority (NFA) any fund for price support to farmers who form a big part of the poor. All these as the business headlines trumpet PeNoy’s so-called Public-Private Partnership (PPP) scheme, with “Discount bonds to fund PPP” and “Taipans queuing for PPPs.”
The concept of “discount bonds” is the same as the “zero coupon” bonds at the heart of the Code-NGO PeaceBonds infamy, which SGV man Cesar Purisima, now at the Department of Finance, explained as being “… so-called because they do not pay interest but are sold at a deep discount and later redeemed at full face value...”
Actually, the interest is all paid, compounded at that, at the end of the maturity period. So it turns out to be a whopping amount, where government which got, as in the case of the PeaceBonds, say, P10 billion in 2001 (when the bonds were issued) will have to pay an amount such as P35 billion upon maturity (in 2011).
The discussion on the PPP zero coupon bond is not clear at this point because Purisima and Butch Abad are still throwing many figures around — from a low of P15 billion to a high of P200 billion (in projects), and even up to P400 billion by 2013. Then, as Purisima says that these bonds will be sold to “pension funds,” does this mean the Government Service Insurance System and the Social Security System? They have not explained as yet.
Speaking of these pension funds, we have been wondering why Franklin Drilon is raising a howl at this time when the high salaries and benefit packages of government-owned and -controlled corporations (GOCCs) have long been known and when, at most, the guilt would only be “insider trading.” Is there a hidden agenda in the timing of these exposés? Some are wary that these may just be a prelude to a new drive to “privatize” the pension funds that started with the financial mafia’s appointment of Vitaliano Nañagas in 2001, who was ousted when the unions opposed it.
Then, in explaining the bonds to be used in the PPPs, Purisima referred to countries with similar programs, such as Indonesia and India; but it only goes to show that these schemes are being pushed by Finance. Reports also say that proceeds of the bonds will “become part of a fund the private sector can tap for PPP projects” (with none for farmers’ rice production, as usual). The suspicious part is that the bonds would provide “equity participation or financing guarantees for private infrastructure projects.” In addition, Purisima, Abad, and the business chambers agree that the PPP projects will be on infrastructure, power generation (and transmission, water supply, airport development, and the like. So it will still be the same set-up that has gotten taxpayers into so much financial burden, paying for subsidies to rich corporations.
The energy and electricity sector is where the issue of privatization and undue advantage, given to corporations over the welfare of the people, is most highlighted. As in the MRT fare increase issue, taxpayers and electricity consumers are being made to pay for the next 25 years P932 billion worth of debts, as well as stranded costs left behind by privatization, where the favored foreign and local oligarchs already got a profit windfall by acquiring state assets cleaned of debts, aside from a fuel supply subsidy and the onerous take-or-pay provisions in contracts.
And as there is now a Facebook page called “Protest against Meralco Electricity Price Hike” with 50,000 members, those who are members of that social networking site should therefore support this page by swelling its ranks to millions to show the nation’s outrage. This is but one of the many pro-Big Business policies PeNoy and the Yellows are adopting that’s hurting every Filipino. Let’s take action to demand that only actions to save the public and remedy this injustice are taken: Take back the public utility assets to pay off whatever debts through generated profits. The past decade alone, by Joey Salceda’s own admission, saw these Big Business conglomerates’ earnings at a staggering P3 trillion while the total national debt stood at P4.42 trillion by the end of 2009!
Lastly, let me digress: DILG Undersecretary Rico Puno says he is willing to “take a bullet for the President,” so why didn’t he take the fall for his President when the latter was compelled to “take responsibility” for the recent hostage tragedy? Meantime, given this move, what penance is PeNoy offering? Jesse Robredo will no longer be submitted to the Commission on Appointments, so is PeNoy choosing his shooting buddy over a Ramon Magsaysay awardee? Puno, in defending his appointment, says that Arroyo even appointed her hairdresser and gardener. So Puno now admits that he’s on that level too.
Hans Palacios sent us this text to sum it all up: “It’s the pot calling the kettle black. Congress is having trouble impeaching the Ombudsman because congressmen are forced to go against one of their own kind.” Well, so is PeNoy the same as Arroyo.
(Tune in to Sulo ng Pilipino, Monday, Wednesday and Friday, 6 p.m. to 7 p.m. on 1098AM; watch Politics (and Economics) Today, Tuesday, 8 p.m. to 9 p.m., with replay at 11 p.m. on Global News Network, Destiny Cable Channel 21; visit our blogs, http://newkatipunero.blogspot.com and http://hermantiulaurel.blogspot.com)
Herman Tiu Laurel
09/10/10
Ihe latest poverty survey of the Social Weather Stations (SWS) from June 25 to 28 tracks a new rise in self-rated poverty — from 43 percent (or 8.1 million families) to 50 percent (or 9.4 million families) — for the first two quarters of 2010. This was the same period that posted a 7.9-percent “growth,” according to the economic managers of Gloria Arroyo and PeNoy Aquino. Worse, food poverty went up, from 31 percent (affecting 5.9 million households) to 38 percent (or 7.2 million households).
Much of this increase in poverty in the rural areas, especially in Mindanao, makes food poverty or hunger particularly troublesome in light of the PeNoy government’s solution, which is to get identified poor families queuing for P1,400 monthly while denying the National Food Authority (NFA) any fund for price support to farmers who form a big part of the poor. All these as the business headlines trumpet PeNoy’s so-called Public-Private Partnership (PPP) scheme, with “Discount bonds to fund PPP” and “Taipans queuing for PPPs.”
The concept of “discount bonds” is the same as the “zero coupon” bonds at the heart of the Code-NGO PeaceBonds infamy, which SGV man Cesar Purisima, now at the Department of Finance, explained as being “… so-called because they do not pay interest but are sold at a deep discount and later redeemed at full face value...”
Actually, the interest is all paid, compounded at that, at the end of the maturity period. So it turns out to be a whopping amount, where government which got, as in the case of the PeaceBonds, say, P10 billion in 2001 (when the bonds were issued) will have to pay an amount such as P35 billion upon maturity (in 2011).
The discussion on the PPP zero coupon bond is not clear at this point because Purisima and Butch Abad are still throwing many figures around — from a low of P15 billion to a high of P200 billion (in projects), and even up to P400 billion by 2013. Then, as Purisima says that these bonds will be sold to “pension funds,” does this mean the Government Service Insurance System and the Social Security System? They have not explained as yet.
Speaking of these pension funds, we have been wondering why Franklin Drilon is raising a howl at this time when the high salaries and benefit packages of government-owned and -controlled corporations (GOCCs) have long been known and when, at most, the guilt would only be “insider trading.” Is there a hidden agenda in the timing of these exposés? Some are wary that these may just be a prelude to a new drive to “privatize” the pension funds that started with the financial mafia’s appointment of Vitaliano Nañagas in 2001, who was ousted when the unions opposed it.
Then, in explaining the bonds to be used in the PPPs, Purisima referred to countries with similar programs, such as Indonesia and India; but it only goes to show that these schemes are being pushed by Finance. Reports also say that proceeds of the bonds will “become part of a fund the private sector can tap for PPP projects” (with none for farmers’ rice production, as usual). The suspicious part is that the bonds would provide “equity participation or financing guarantees for private infrastructure projects.” In addition, Purisima, Abad, and the business chambers agree that the PPP projects will be on infrastructure, power generation (and transmission, water supply, airport development, and the like. So it will still be the same set-up that has gotten taxpayers into so much financial burden, paying for subsidies to rich corporations.
The energy and electricity sector is where the issue of privatization and undue advantage, given to corporations over the welfare of the people, is most highlighted. As in the MRT fare increase issue, taxpayers and electricity consumers are being made to pay for the next 25 years P932 billion worth of debts, as well as stranded costs left behind by privatization, where the favored foreign and local oligarchs already got a profit windfall by acquiring state assets cleaned of debts, aside from a fuel supply subsidy and the onerous take-or-pay provisions in contracts.
And as there is now a Facebook page called “Protest against Meralco Electricity Price Hike” with 50,000 members, those who are members of that social networking site should therefore support this page by swelling its ranks to millions to show the nation’s outrage. This is but one of the many pro-Big Business policies PeNoy and the Yellows are adopting that’s hurting every Filipino. Let’s take action to demand that only actions to save the public and remedy this injustice are taken: Take back the public utility assets to pay off whatever debts through generated profits. The past decade alone, by Joey Salceda’s own admission, saw these Big Business conglomerates’ earnings at a staggering P3 trillion while the total national debt stood at P4.42 trillion by the end of 2009!
Lastly, let me digress: DILG Undersecretary Rico Puno says he is willing to “take a bullet for the President,” so why didn’t he take the fall for his President when the latter was compelled to “take responsibility” for the recent hostage tragedy? Meantime, given this move, what penance is PeNoy offering? Jesse Robredo will no longer be submitted to the Commission on Appointments, so is PeNoy choosing his shooting buddy over a Ramon Magsaysay awardee? Puno, in defending his appointment, says that Arroyo even appointed her hairdresser and gardener. So Puno now admits that he’s on that level too.
Hans Palacios sent us this text to sum it all up: “It’s the pot calling the kettle black. Congress is having trouble impeaching the Ombudsman because congressmen are forced to go against one of their own kind.” Well, so is PeNoy the same as Arroyo.
(Tune in to Sulo ng Pilipino, Monday, Wednesday and Friday, 6 p.m. to 7 p.m. on 1098AM; watch Politics (and Economics) Today, Tuesday, 8 p.m. to 9 p.m., with replay at 11 p.m. on Global News Network, Destiny Cable Channel 21; visit our blogs, http://newkatipunero.blogspot.com and http://hermantiulaurel.blogspot.com)
Posted by
admin
at
7:07:00 AM
Subscribe to:
Posts (Atom)