News & Current Events

Photos and videos of the Glorietta Mall blast

Eleven (11) people were confirmed dead and more than a hundred injured during the October 19, 2007 blast at the Glorietta Mall in Makati, Philippines. News report from

A powerful blast, believed to be caused by a bomb, rocked a crowded shopping mall in Manila's financial district about 1:30 p.m. Friday, killing at least 11 people and injuring more than a hundred others.

The explosion caused extensive damage throughout the Glorietta 2 shopping complex in Makati City, toppling roofs, destroying walls, and sending debris crashing onto cars outside.

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Pictures and videos of the blast site below.

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The Best Erap Jokes (laugh or you'll be sent to jail!)

Erap is guilty of plunder, thus says the Sandiganbayan. He amassed millions of dollars from illegal gambling and made himself and his family rich. He will be detained or house arrested while the appeal is pending but if the decision is upheld, he will most probably spend his entire life jailed.
C’mon now, people. Give the former Philippine President a break. He may be a plunderer, but remember the times he made you laugh because of his Erap jokes?
Here are a few of those jokes and quotable quotes to help refresh your memory of the Erap we once knew.

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Impact of the Sept. 12 Erap verdict on the Philippines

Will September 12 be a Black Wednesday for the Philippines?

Fifteen years ago, on September 16, 1992, Wednesday, Britain was forced to withdraw the Pound currency from the European Exchange Rate Mechanism (ERM) following its uncontrollable decline due to pressure by currency speculators. Total losses caused by the day's events were said to reach more than £3.4 billion. That day has since been known as Black Wednesday.

Tomorrow, September 12, Wednesday, the Sandiganbayan is set to announce its verdict on the six-year-old plunder and perjury cases filed against former President Joseph "Erap" Estrada. Whether Black Wednesday will materialize tomorrow — with the Philippine stock market heading for a nosedive — depends more on the response of pro- and anti-Erap groups and also of the Arroyo government, and not on the verdict per se.

If Estrada is convicted, will pro-Erap groups stage a repeat of "Edsa III," complete with violent protests and renewed threats to oust Pres. Gloria Macapagal-Arroyo? Such chaos is abhorred by the market and this can cause stocks to plunge again.

If, on the other hand, Estrada is acquitted, will more social unrest erupt considering Erap is already free to move around, easily capable of rallying people against Arroyo?

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Anti-Money Laundering Council (AMLC) warns vs. HYIP investing

The Philippines' Anti-Money Laundering Council (AMLC), together with the Securities and Exchange Commission (SEC) and the Bangko Sentral ng Pilipinas (BSP), reiterated its warning to Filipinos against investing in so-called High-Yield Investment Programs or HYIPs.

The official statement from AMLC, also circulated by the SEC and BSP, goes:

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