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    (articles form Manila Standard Today)  
 

In defense of the non-party litigant
It seemed no more than a gentle, though nevertheless firm reminder that the Supreme Court, early last month, gave to the courts below:
“Courts are hereby reminded to take greater care in issuing injunctive relief to litigants, that it would not violate any law.  The grant of a preliminary injunction in a case rests on the sound discretion of the court with the caveat that it should be made with great caution.  Thus, the issuance of the writ of preliminary injunction must have basis in and be in accordance with law.  All told, while the grant or denial of an injunction generally rests on the sound discretion of the lower court, this Court may and should intervene in a clear case of abuse.” 
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Is Wawa River capable only of 50 MLD?
It is accepted by both proponents and opponents of the Wawa Dam as an alternative (or supplementary) source of raw water for Metro Manila and environs that the dam can deliver 50 million liters per day (MLD).  This is admitted by Metropolitan Waterworks and Sewerage System (MWSS) Administrator Diosdado Allado.  This is part of NEDA’s presentation at the Philippine Development Forum on March 31, 2008 at Clark, Pampanga.
The real question is: is 50 MLD all that Wawa can deliver? 
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Is pollution relative?
It was probably inevitable that, after the initial proponent of the rehabilitation of Wawa Dam had demonstrated the logic of his project, crab mentality would rear its ugly head. The successful proponent must be brought down and the crabs’ tool for disparagement is emotionally charged accusation of pollution.
Barely seven months after the administrator himself of the Manila Water Sewerage System (MWSS), which is the government bureaucracy tasked, among others, “to ensure an uninterrupted and adequate supply and distribution of potable water for domestic and other purposes at just and equitable rates”, had accepted the offer, on 07 March 1997, of a private proponent, San Lorenzo Ruiz Builders & Developers Group, Inc., to undertake what was then known as the Montalban River Project, a senior official in the MWSS, publicly took a position contrary to his boss’. 
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Wawa, naman
Before Angat, there was Wawa.  Built by the Americans in 1908, the Wawa Dam, located in Montalban, Rizal, at the foothills of the Sierra Madre Mountains, supplied the needs of Metro Manila up 1968.  It was abandoned in favor of Angat Dam by then President Marcos who was allegedly worried that his tenure in Malacanang was in danger of being shortened if Wawa Dam were to burst inundating the Palace.
As a consequence, millions of gallons now flow over the Wawa dam, into Marikina, on to the Pasig river, and out towards Manila Bay. Now that Angat Dam is, by virtue of its sitting atop an earthquake fault, undeniably not only vulnerable to the shifting of the earth but also inadequate as Manila’s sole water source, its time to call back into service this trusty and faithful servant.  Rehabilitating Wawa is, I submit, a much better option than developing Laiban.
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speech of Atty. Ricardo J. Romulo

 

 

Click and Go To TOAP Page
Directory of Members of the Trust Officers
Association of the Philippines- 2008



The Living Trust is Alive and Well
powerpoint presentation

Click and Go To TIFP Page

 
Wealth Magazine articles:
Give to tax credit certificates their credit due?
A lean harvest of tax cases
VAT -erred BIR
 
From the Trust Guru of ManilaStandardToday (more)
o In defense of the non-party litigant (Nov 4,2009)
o Is Wawa River capable only of 50 MLD? (Oct 28,2009)
o Is pollution relative? (Oct 21,2009)
o Wawa, naman (Oct 14,2009)
o Laiban’s dam cost (Oct 7,2009)

 

 

           

  For the full text of articles that appeared at the trust guru's column in TODAY, click on TRUST AND ESTATES  
For the full text of articles that appeared at the trust guru's column in THE MANILA METEOR, click on geronimo@tax
 
To effect true banking reform...we have to cede back...prerogatives we have learned to enjoy.
rjrsmla.jpg (1654 bytes)"Excoriating BSP officials for not preventing the misuse of the banking system is pointless, unless Congress passes the necessary legislation empowering BSP to enact and enforce the relevant regulations," says Atty. Ricardo J. Romulo, Chairman of the Makati Business Club, before the Rotary Club of Manila during its regular meeting on 22 February 2001.  Reflecting on his brief but stressful experience as Chairman of the Board of Equitable PCI Bank from December 19, 2000 to January 31, 2001, Atty. Romulo observed that the shortcomings in the banking sytem in the areas of governance, transparency and discipline are primarily the result of the demands of the banking public.  Thus, he maintained that in order to effect true banking reform, those who avail themselves of banking services must be prepared to give up some of the "creature comforts" customarily extended the banks to its favored clients.  The full text of his address is found in News and Views.
   

 

 

 

 

    

       

      
Mission To serve as a hub where those who need and those who provide professional trust and other fiduciary services, as well as those in related fields, may avail themselves of reliable and recent information, exchange with one another views and comments on current developments, engage in a common effort to upgrade the standards of ethics and practice in the industry.
 
Vision A world where  trusts and other similar services are familiar household  amenities, where fiduciary duties and responsibilities are rendered and availed of with highest standards of loyalty, prudence, and professionalism.
 
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