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Statement
Archive
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(articles form Manila Standard
Today)
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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.”
Click
for Complete Article
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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?
Click
for Complete Article
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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’.
Click
for Complete Article
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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.
Click
for Complete Article
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speech
of Atty. Ricardo J. Romulo

Directory of Members of the Trust Officers
Association of the Philippines- 2008
The
Living Trust is Alive and Well
powerpoint
presentation
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For
the full text of articles that appeared at the trust guru's column in
TODAY,
click on TRUST AND ESTATES |
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For
the full text of articles that appeared at the trust guru's column in THE MANILA METEOR,
click on geronimo@tax |
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"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. |
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Mission |
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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. |
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Vision |
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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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