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León Gallery is preparing to host a significant event that celebrates the rich heritage of Philippine history at its Kingly Treasures Auction on November 30, Saturday, at 2:00 p.m. This auction will pay homage to two of the nation’s most revered heroes, José Rizal and Andrés Bonifacio, whose contributions were instrumental in freeing the Philippines from colonial rule. Among the standout pieces is José Rizal’s sculpture, “Josephine Sleeping,” a poignant tribute to his deep affection for Josephine Bracken, his ultimate love. Created during his exile in Dapitan, this work not only highlights Rizal’s artistic prowess but also reveals a tranquil and deeply personal aspect of his life. Also featured is “The Last Seal of the Katipunan,” a significant artifact that resurfaces just in time for Bonifacio’s 161st birthday. This emblem symbolizes Bonifacio’s vision for freedom and unity in the Philippines and is associated with his final days during the revolution. The seal is part of the collection of Trinidad H. Pardo de Tavera, a noted scholar and ilustrado . The auction showcases an impressive array of works by celebrated artists, including Guillermo Tolentino’s “Bust of Andrés Bonifacio,” cast from the iconic “Monumento” dedicated to Bonifacio. This piece, entrusted to León Gallery by historian Ambeth R. Ocampo, offers collectors a rare opportunity to own a fragment of Philippine revolutionary history. Professor Ocampo has also bequeathed other important pieces from his collection, including Félix Resurrección Hidalgo’s “Per Pacem et Libertatem.” Additionally, the auction highlights another Hidalgo masterpiece: his “Portrait of Raimunda Chuidian Roxas,” depicting a matriarch whose lineage significantly influenced both Batangas’ landscape and Manila’s economy. Fernando Zóbel’s works are also among the lots to watch for. “Orilla 69, En Amarillo y Gris” belongs to Zóbel’s last series, inspired by the powerful River Jucar that flows through Cuenca, where he lived later in life. “Azul sobre pardo,” from his coveted Saetas series, is particularly rare; only nine blue Saetas were ever painted by Zóbel, as noted by Alfonso de la Torre, author of the artist’s catalogue raisonné . The Kingly Treasures Auction also celebrates women who have shaped Philippine history. Carlos “Botong” V. Francisco’s “Tinikling No. 2,” from Estefania “Fanny” Aldaba Lim’s collection—who was not only the country’s first female cabinet secretary but also a pioneer in psychology—captures the essence of Filipino culture through its depiction of traditional dance. Anita Magsaysay-Ho’s “Lavanderas by the Stream,” created in 1934, showcases her early exploration of women as subjects, influenced by her mentor Fernando Amorsolo. Meanwhile, Nena Saguil’s abstract work, once a gift to Tetta Agustin, reflects the synergy between two women who redefined their paths —one in art and the other in international fashion. Collectors who are vital to the Philippine art scene will play a key role in this highly anticipated sale. The collection of Freddie and Elizabeth Webb features notable Filipino artists, including Mario Parial’s “Higantes Festival” and Juvenal Sansó’s “Jagged Shore.” From Ambassador Pedro Conlu Hernaez’s collection comes Juan Luna’s “La Majordoma,” a profound piece from Luna’s social realist era. Additionally, Jerry Elizalde Navarro’s “A Foul Wind on the 11th Day of February 1986” commemorates Evelio Javier, whose tragic death catalyzed the People Power Revolution. Art enthusiasts can also look forward to Alfonso Ossorio’s large-scale mixed-media panel, infused with the energy of his friendship with Jackson Pollock. With only five such works ever created, this offering is truly rare as it represents the last remaining piece in a private collection. In the spirit of giving this season, León Gallery is partnering with the International School Manila (ISM), which will auction several key lots— including a Jigger Cruz masterwork from his golden year of 2013—to support the ISM Filipino Scholars Program. The Kingly Treasures Auction will take place on November 30 at Eurovilla 1, Rufino Corner Legazpi Streets, Legazpi Village, Makati City. The preview week runs from November 23 to November 29 from 9:00 a.m. to 7:00 p.m. For further inquiries, e-mail info@leon-gallery.com or contact +632 8856-27-81. To browse the catalog, visit www.leon-gallery.com. Follow León Gallery on their social media pages for timely updates: Facebook— www.facebook.com/leongallerymakati and Instagram @leongallerymakati. Atty. Jose Ferdinand M. Rojas II received his Law degree from Ateneo de Manila University in 1994. He is currently engaged in the General Practice of Law through the firm he established, Jose M. Rojas Law Office. Prior to getting his Law degree, Atty. Rojas graduated Cum Laude in Economics and Political Science from the University of Massachusetts. He used to chair the Philippine Racing Commission (Philracom) and, more recently, used to sit as Vice-Chairman and General Manager of the Philippine Charity Sweepstakes Office (PCSO). Atty. Rojas is an opinion columnist for the Business Mirror and Pilipino Mirror, and 2014 awardee of People Asia’s “Men Who Matter.” He is a member of the Saturday Group of artists and is married to Atty. Patricia A.O. Bunye.Production tax credits to 'level the playing field'
Opeyemi Bamidele dismisses report of fight with AkpabioThis was a rough summer and fall for all who grew up loving their summer nights spent at Wonderland Pier in Ocean City. The pier was sold to Eustace Mita, CEO and developer of ICONA Resorts. Once summer 2024 came to an end, everyone grew worried about the future of Wonderland Pier and what it would look like going forward. People fear that their cherished memories, along with the sights and sounds of the park, will be gone for forever, never to return. The Ferris Wheel and the Carousel, I would say, are at the center of this heartbreak. These rides aren't just pieces of equipment. They represent decades of Ocean City history, offering breathtaking views of the beach and the bay. Residents are desperately trying to preserve them. There have been efforts to get these rides recognized as historic landmarks, and many hope they'll be saved in some form, even though most now accept the fact that Wonderland Pier itself will likely disappear. The new owner of the property, Eustace Mita, has made some promises about keeping the Ferris Wheel and Carousel, but many people are skeptical. Mita plans to build a new hotel on the site, and while he has said the rides would remain, there's growing concern that he may not actually follow through. Things got even more suspicious when a price sheet appeared online , listing the Ferris Wheel and Carousel for sale along with several other rides from Wonderland. If that price sheet is real, it would suggest that Mita is planning to sell off the rides, which would mean the end of two of the park's most iconic attractions. It's suspicious, though, because it lists certain rides I don't recall from the pier. Moby Dick, for example, is a ride that I know for a fact is on Morey's Piers in Wildwood. I don't recall there being one on Wonderland in Ocean City, but I could be wrong. My memory might be doing me a disservice, at the moment. Now, tensions are rising. Locals are furious, and social media is buzzing with debate over whether the price sheet is authentic or just a rumor. If it turns out to be true, Mita could face serious resistance in his efforts to tear down the park and build a hotel. The Ocean City community is united in its love for Wonderland Pier, and they aren't going to let go of it easily. If Mita does want to move forward with his plans, he will need to get the area re-zoned for a hotel, which could be a huge challenge if residents continue to push back. The fight to save the Ferris Wheel and Carousel is more than just about rides. It's about protecting the heart of a community and ensuring that the history and joy of Wonderland Pier live on for future generations. Take a look at the price sheet shared by the folks who run the "Save Wonderland" Facebook group . Comments suggest they reached out to Rides4U.com, the site reportedly listing the rides for sale, and confirmed the price sheet's legitimacy. We will neither confirm nor deny that legitimacy until we hear from them ourselves. We will be reaching out to them as well to see what we can uncover. We'll keep you updated! In the meantime, do you think this price sheet is real or fake? Sad look inside Wonderland Pier in Ocean City, NJ, the day after it closed Gallery Credit: Chris Coleman Foxes Play For The Camera In Ocean City, NJ A local NJ-based photographer captured the beauty of Jersey's beaches perfectly when she got the chance to shoot foxes frolicking on the beach in Ocean City. Gallery Credit: Jahna MichalNone
Recent storms have served as a reminder of how vulnerable communities are from slippage of coal tips, a Welsh politician has said. Joel James MS, the shadow social partnership minister, was speaking in response to the Welsh Government's announcement that more than £100m will be invested into coal tip safety this Senedd term to expediate work on disused tips across the country and that a Disused Mine and Quarry Tips (Wales) Bill will establish a Disused Tips Authority for Wales. Mr James said: “In addition to the weather there is a very real risk from scrambler bikes and 4x4 offroad vehicles that use the tips as a playground, ripping up the surface and destabilising them.” “The Welsh Conservatives welcome the Disused Mine and Quarry Tips (Wales) Bill that is being introduced and will be looking to ensure that more is done to stop damage from scramblers and 4x4 offroad vehicles, communities are involved in the decision-making process of making safe coal tips and that biodiversity is protected.” His comments come after the landslip in Cwmtillery after Storm Bert.Campus notes: November 24, 2024
WASHINGTON (AP) — A person accused of accosting U.S. Rep. Nancy Mace in a Capitol Office building pleaded not guilty on Wednesday to a misdemeanor assault charge. Witnesses told police that James McIntyre, 33, of Chicago, shook Mace's hand in an “exaggerated, aggressive” manner after approaching the South Carolina Republican in the Rayburn House Office Building on Tuesday evening, according to a police affidavit. Mace, who is identified only by her initials in a court filing, posted a string of social media messages about the incident. She said she was “physically accosted” at the Capitol, and she thanked President-elect Donald Trump for calling her Wednesday morning to check on her condition. “I’m going to be fine just as soon as the pain and soreness subside,” Mace wrote. Mace declined to be treated by a paramedic after her encounter with McIntyre, who was arrested Tuesday by the Capitol Police, the affidavit says. Mace told police that McIntyre said, “Trans youth serve advocacy,” while shaking her hand. Last month, Mace proposed a resolution that would prohibit any lawmakers and House employees from “using single-sex facilities other than those corresponding to their biological sex.” Mace said the bill is aimed specifically at Delaware Democrat Sarah McBride — the first transgender person to be elected to Congress. A magistrate judge ordered McIntyre’s release after an arraignment in Superior Court of the District of Columbia. Efforts to reach an attorney for McIntyre weren't immediately successful.
CHICAGO (AP) — Sam Darnold threw for 90 of his 330 yards in overtime to set up Parker Romo's game-ending 29-yard field goal , and the Minnesota Vikings outlasted the Chicago Bears 30-27 on Sunday after giving up 11 points in the final 22 seconds of regulation. Darnold threw two touchdown passes, Jordan Addison caught eight passes for a career-high 162 yards and a touchdown, and T.J. Hockenson had 114 yards receiving for the Vikings (9-2), who remained one game behind Detroit in the rugged NFC North. Caleb Williams threw for 340 yards and two touchdowns for the Bears (4-7), who lost their fifth straight and fell to 5-18 in one-possession games under coach Matt Eberflus, who is 14-31 in 2 1/2 seasons. Minnesota appeared to have the game in hand, leading 27-16 with 1:56 left after Romo kicked a 26-yard field goal. But the Bears weren’t finished. Deandre Carter made up for a muffed punt that led to a touchdown in the third quarter with a 55-yard kickoff return to the 40. Williams took it from there, capping an eight-play drive with a 1-yard touchdown pass to Keenan Allen. A 2-point conversion pass to DJ Moore made it 27-24 with 22 seconds remaining. The Bears recovered the onside kick and Williams hit Moore over the middle for a 27-yard gain to the 30 before spiking the ball. Cairo Santos made a 48-yard field goal as time expired. Chicago won the coin toss, but Williams was sacked for a 12-yard loss on second down, leading to a three-and-out. The Vikings took over at the 21, and Darnold led a 10-play drive, overcoming a sack and two penalties. Darnold connected with Hockenson for a 29-yard completion that put the ball on the 9. He took a knee and then Romo nailed the winner. Darnold surpassed his previous season high of 19 touchdown passes with a 2-yarder to Addison on the first play of the second quarter, and he made it 14-7 with a 5-yard score to Jalen Nailor late in the first half. He completed 22 of 34 passes. Aaron Jones ran for 106 yards and a score for the VIkings. Williams was 32 of 47 with a 103.1 passer rating in his second straight solid performance since Thomas Brown replaced the fired Shane Waldron as offensive coordinator. Moore caught seven passes for 106 yards and a touchdown, and Allen added 86 yards receiving and the late TD. Injuries Vikings: LB Ivan Pace Jr. (hamstring) and LT Cam Robinson (foot) left in the first quarter. ... Darnold missed two plays after he was hit by Gervon Dexter Sr. on a pass play with about 6 1/2 minutes. Up next Vikings: Host Arizona next Sunday. Bears: Visit Detroit on Thanksgiving. AP NFL: https://apnews.com/hub/NFL
Sable Resources Ltd. ( CVE:SAE – Get Free Report ) fell 16.7% on Friday . The company traded as low as C$0.03 and last traded at C$0.03. 758,789 shares were traded during trading, an increase of 342% from the average session volume of 171,599 shares. The stock had previously closed at C$0.03. Sable Resources Trading Down 16.7 % The firm has a market capitalization of C$7.18 million, a P/E ratio of -0.63 and a beta of 1.08. The stock has a 50-day simple moving average of C$0.04 and a two-hundred day simple moving average of C$0.04. The company has a current ratio of 0.69, a quick ratio of 40.33 and a debt-to-equity ratio of 1.33. About Sable Resources ( Get Free Report ) Sable Resources Ltd. engages in the acquisition, exploration, and development of mineral resource properties in Mexico and Argentina. The company explores for gold, silver, copper, lead, zinc, and other deposits. It holds 100% interests in the Don Julio project covering an area of 63,314 hectares; the El Fierro project covering an area of 58,510 hectares; the El Fierrazo project, the Los Pumas project, and the Laspina project located in San Juan Province, Argentina; and the Vinata project and the El Escarpe project located in Mexico. Recommended Stories Receive News & Ratings for Sable Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sable Resources and related companies with MarketBeat.com's FREE daily email newsletter .29 Fun Impulse Buys Because, Admit It, You Love Treating Yourself
Pakistan’s rivalry with India is isolating it from South Asia
By Benjamin R. Punongbayan In recent weeks, there appear to be a welling up of commentaries, particularly on social media, about corruption in our government. There seems to be a growing perception that this disastrous practice is getting worse in terms of both its widening spread and the increasing scale of the amounts involved. This observation aroused an interest in me to analyze and try to portray in an understandable way the broad effects of corruption in the Philippine economy. Indeed, corruption in government has been prevalent in the Philippines for so long and appears to continue undiminished in the foreseeable future. I will not consider, though, that this lamentable practice is a part of Philippine culture, as others would do, for the simple reason that it is practiced by only a “few”. I mean “few” in relation to the number of perpetrators as compared to the entire Philippine population. Corruption is actually a crime that regrettably goes generally unpunished. I recognize, though, that others may claim that for the fact that a much greater part of the Philippine population tolerates the perpetration of this criminal practice makes the practice of corruption a part of Philippine culture. I would agree if such toleration is unforced. But it is not. The perpetrators hold considerable power. This power exudes intimidation and threat of retribution that greatly inhibits the concerned but unorganized citizens from taking appropriate action to challenge the perpetrators. Estimate of amount of corruption In the latest Corruption Perception Index released in September 2023 by the Berlin-based Transparency International, the Philippines is ranked 115 among 180 countries as being perceived to have a higher prevalence of corruption. While the country is not the most corrupt, it is more corrupt than 114 other countries out of 180. In a paper presented by an officer of the Department of Justice at the 13th Regional Seminar on Good Governance for Southeast Asian Countries in Tokyo in 2019, he stated that the amount of corruption in the Philippines at the national level was then estimated at 20% of the annual national budget. He applied that proportion to the 2015 and 2016 national budgets to show the magnitude of the resulting amounts. If we apply the same proportion on the current 2024 national budget, the amount of corruption at the national level currently translates to an estimated amount of about ₱1.6 trillion. And that estimated amount relates only to corruption at the national government level. If we include estimates of similar corruption at the level of the LGUs and bribery amounts at both national and local levels, the overall total will certainly be gargantuan. Types of corruption Corruption in government may be classified in a number of ways. For purposes of this commentary, I will classify them based on their nature, namely: overpricing; unrestricted appropriated funds; and bribery at both the national and local government levels. Overpricing relates to infrastructure and other construction contracts; purchases of equipment, materials, and supplies; and procurement of labor for the use of the national and local governments, including that of the various institutions under their respective jurisdictions. I define unrestricted appropriated funds or, simply, unrestricted appropriations as composed of what are commonly known as pork barrel, intelligence funds, and other intentionally mislabelled funds appropriated in both the national budget and local government budgets. Overpricing results in a complete loss of government funds equivalent to the amount of the overprice, while unrestricted appropriations result in a partial loss of government funds to the extent of the amount not used for the benefit of the Filipino people plus the overpricing of those goods procured for the benefit of the citizens. Bribery is different in the sense that these are in the form of money or valuable goods owned by citizens, private businesses, and other organizations and given to government officers and personnel, under coercion or not, to facilitate or expedite the release of required government permits, licenses, and other documentary requirements and approvals of all kinds. It also includes awarding of franchises and rights for exploitation and use of national resources and privileges; and favorable court decisions and regulatory rulings to deserved or undeserved persons, activities, and pending cases. While these corrupt practices do not result in direct loss of existing government funds, some of these practices may result in loss of government revenue in the form of exemption from or reduced amounts of legally collectible taxes, duties, and fees in exchange for the bribe money. Economic effects of corruption on government programs and activities In sum, corruption in government results in loss of government funds in the cases of overpricing and portions of unrestricted appropriations, and loss of revenue in some cases of bribery. On the basis of the estimated rate of corruption mentioned earlier, the total amount of these losses of government funds and revenue on an annual basis is huge. When put together, the recurring total annual amount could have been deployed in large-scale programs that have long-term and wide beneficial effects on the nation’s economic growth and development, such as in large infrastructures that provide connectivity within and among the country’s various islands (roads, railways, bridges, sea ports, airports, and similar others); rehabilitation of the education system; substantial reduction of poverty; a more expansive health care system; and other urgently needed economic and social development programs. When broadening the base estimate of losses from corruption referred to earlier for reasons explained thereafter, the expanded annual estimate would be significantly higher than the ₱1.6 trillion current annual estimate mentioned before. By multiplying whatever higher amount that may come to mind by any number of years, it provides a result that gives us a picture of the enormity of the opportunities for continuous economic growth that we lost during the past many years. And much more than this, we continue to suffer such losses annually, and there seems to be no end in sight. There is an additional unfavorable economic effect in the case of overpricing, especially in infrastructure contracts. To enable the corruption, some or much of the completed constructions will generally be of a quality level lower than what is specified in the contract. As a result, the completed infrastructure would provide benefits only for a much shorter period of time than planned and will necessarily entail large amounts of opportunity cost during the period of necessary repairs and replacements. Moreover, such early repairs and replacements will necessitate a premature round of sourcing the required funding. As a result, this premature funding crowds out new economic development initiatives, which clearly further delays in no small measure Philippine economic growth. In addition, this condition creates a cycle that goes on indefinitely under present circumstances. There are similar effects in the case of overpricing in the government procurement of equipment, materials, supplies and labor if the level of quality of the procured goods and services is not in accordance with specified quality levels. In the case of unrestricted appropriations, whatever portion is spent for the benefit of the Filipino people, it is spent in a scattered way in relatively small amounts. The power of using that money in the aggregate to fund large-scale economic development programs that provide much wider and longer-term benefits to the nation is forever lost. Economic effects of using corrupt money On the part of the corrupt persons, they obtain additional wealth for their own personal benefit and disposal. To the extent that they deploy this additional wealth in consumption, investments, and savings in the Philippines, such deployment would offset to some extent the harmful effects of the loss of government funds and revenue. However, based on general observations, much of this corrupt money is not spent in the Philippines but instead is used to purchase foreign, especially expensive, goods and to transfer some portion abroad in the form of foreign currency. In those cases, no benefit accrues to the Philippine economy at all, except maybe for some retail sale markups and applicable payment of local taxes and fees, which sum up to a relatively small amount. Other effects on the national economy The huge fund losses resulting from corruption have required the Philippine government to borrow much more than would have been necessary. Such additional borrowings result in a higher debt ratio (to GDP) that in turn results in a lower international credit rating than would otherwise be and consequently entails a higher interest cost. Of course, the government may choose to retain that level of borrowings and, without corruption, spend the additional borrowings for expenditures on large-scale programs that have long-term and wide beneficial effects on the nation’s economic growth and development, as explained earlier. Conclusion Clearly, widespread corruption has caused the Philippines to lose great opportunities continuously over a long period of time to become a more economically developed country. Equally sadly, the country will continue to lose such great opportunities in the foreseeable future. I purposely confined myself to analyzing the economic effects of corruption in government, except for a few comments in passing that corruption, in my opinion, is not a part of Philippine culture. I avoided commenting on the underlying issue of righteousness regarding the practice of corruption. I do not think I have the right to suggest to anyone to be like Mother Teresa. _________ Ben Punongbayan is the Founder of Punongbayan & Araullo. He is currently a member of the Board of Governors of the Management Association of the Philippines. Spotlight is BusinessWorld’s sponsored section that allows advertisers to amplify their brand and connect with BusinessWorld’s audience by publishing their stories on the BusinessWorld Web site. For more information, send an email to online@bworldonline.com . Join us on Viber at https://bit.ly/3hv6bLA to get more updates and subscribe to BusinessWorld’s titles and get exclusive content through www.bworld-x.com .Joel Embiid sounds off after details of Sixers’ team meeting emerge: ‘Whoever leaked that is a real piece of [expletive]’
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