Oops, Trillanes did it again



Update (7:30 p.m.): The show is now over. The standoff has ended with Sen. Trillanes and the rest of his cohorts arrested and sent back to jail. Better luck next time, Senator.
——————–
Update (3:00 p.m.): Thirty soldiers led by elected Senator Antonio Trillanes IV walked out today of a Makati court and holed themselves up at a hotel in Makati, the Philippines’ central business district.
The scene is reminiscent of the Oakwood saga in 2003 where more than 300 soldiers also led by Trillanes took over the Oakwood Hotel demanding the resignation of President Gloria Macapagal-Arroyo (GMA), except this time the hotel setting is The Manila Peninsula.
The 2003 mutiny ended unsuccessfully after it failed to rally support from the public and the Armed Forces. Will Trillanes be successful this time around?
I think the odds are still stacked against him. The walkout comes at definitely a less-than-expected time: the Philippine peso is surging against the dollar, the stock market is rallying, and OFW remittances are flowing in at all-time high. How can you convince the majority of Filipinos to join in destabilizing the government if the economy is on an upswing?
Oh, and the date was just plain wrong. Tomorrow’s a non-working holiday and a lot of people have already made plans. Rising up against the government surely was not one of them. Earlier today, people just wanted to unwind and go home — not be stuck in Ayala because of this Oakwood Mutiny Part 2.
Besides, the “critical mass” — the middle class believed to be the moving force that can overthrow a President (as in the case of former Philippine leaders Ferdinand Marcos and Joseph Estrada) — has neither been seen nor formed in recent years. Who then is to support the Magdalo soldiers in their crusade against GMA? The old faces? But wait, even pardoned ex-President Estrada is not joining the call. Tough luck.
So there, I think Trillanes’s charade is again bound to fail. Right fight, wrong move.
Better luck next time, Mr. Senator. The third time might be a charm.
Join the discussion of this event in the Makati Rally headed by Trillanes on going! They want Gloria down! thread in the PMT Forum.

About the Author

PSEi support seen at 6,200 and 6,000 amid weaker Peso

In a not-so-surprising move, the U.S. Federal Reserve (Fed) yesterday raised interest rates by 75 basis points (bps) or 0.75% in a bid to tame rising inflation in the United States. This was the third consecutive 0.75% rate hike by the Fed, which brings the federal funds rate, the central bank’s benchmark interest rate, to ... Read more

Official SWIFT Code of BDO, BPI, Metrobank, Philippine banks

When sending cash remittances or wire transfer to a bank account in the Philippines (such as BDO, BPI, Metrobank, Landbank, DBP, etc.), you’ll surely need the SWIFT Code of the bank. Look no further because you can find all the SWIFT Codes you need in this list! Make sure you’re using the right bank code ... Read more
blank

How to Waive your Credit Card Annual Fee (BDO, BPI, Metrobank, RCBC, Citibank, UnionBank)

Without a doubt, one of the most annoying fees that credit cardholders have to pay is the annual fee. Majority of cardholders are familiar with this fee and majority of us likely pay this grudgingly year after year after year. In the case of my credit card with BPI (Bank of the Philippine Islands), I’m ... Read more
blank

Why Filipinos do not become business owners or entrepreneurs

For a majority of Filipinos, entrepreneurship does not seem to be a typical, expected path. This is not surprising, considering that in school, students are primarily taught to become employees after graduation. Students train for years to become staff workers, reporting to a supervisor, and just waiting to receive their wages or salaries every month. ... Read more
blank

My experience investing in Mutual Funds in the Philippines

I started investing in mutual funds when I was 22 years old. As an Overseas Filipino Worker (OFW) then, I was fortunate to be able to save some money at that young age because of my work abroad. One time while I was on vacation in the Philippines, I saw a large billboard in EDSA ... Read more
blank

Income Tax Tables in the Philippines (2022)

The Philippines’ new tax reform bill, known as TRAIN or Tax Reform for Acceleration and Inclusion, was signed into law on December 19, 2017 and its implementation began on January 1, 2018. What are the new income tax rates under the TRAIN law? How will TRAIN affect income taxes of individuals and corporations? How is the ... Read more
blank

PSE Stocks Performance under each Philippine President (1987-2021)

Did you know that Philippine stocks were able to achieve an astounding growth of 800% in a span of 30 years? From 1987 until 2018, the Philippine Stock Exchange index (PSEi) rose from 1,000 points to a peak of 9,000 points — generating a return of 800% over 30 years. (The PSEi is an index ... Read more
blank

SSL 2022: Salary Increases for Teachers, Nurses, Gov’t Employees

Good news to all government employees! There’s a new round of salary increases beginning January 1, 2022! Millions of employees of the Philippine government — including public school teachers, nurses and staff of government hospitals, and workers in local and national government agencies, etc. — will be getting an automatic salary adjustment this 2022 under ... Read more
blank

PSE Trading Hours in 2022: What time open, when closed?

Before you take the plunge into stock trading and investing, make sure you understand what stocks are and how the Philippine Stock Exchange (PSE) operates. Unlike other investments that are relatively safe, stock trading is risky and loss of money is a possibility. So before you deep dive into the exciting world of stock trading, ... Read more

Price Floor and Price Ceiling of PSE Stocks

Trading bands in the PSE come in two forms: Price Ceiling, or the upper price limit, and Price Floor, or the lower price limit.

7 thoughts on “Oops, Trillanes did it again”

  1. really? i thought it was not a total waste, it opened more questions and opinions against the government, at least something change with his little play

    Reply
  2. We deserve who we elect. This boy Mr. Sonny Trillanes & Mr. Danilo Lim, formerly in the Army simply wants to toy with our ECONOMY what with the crude oil at almost US$100/barrel. They should abolish the Philippine Military Academy (PMA) and change it with the Philippine Marketing Academy (PMA)so these guys can learn about business, entrepreneurship, finance, economics, marketing and learn how to do business and make money just like us in the PMT!
    We dont need any military as nobody would ever invade us even if we throw ourselves to the Chinese, they would reject us with our attitude problem. Besides we have an Air Force with only air but no force. Since everyone wants to play the police so convert all of our military as policemen.

    Reply
  3. Sure Mr Frustrated Trillanes is at shame. He will never have the power and will to take this government down. Its the people who wants election, I want a charter change. I want martial law and all these frustrated heroes die!

    Reply
  4. I say good on him. Most of you people are like sheep you just sit back and let GMA ruin your lives. She didn’t even win the last elections she cheated a good man out of an election. At least heroes like Trillane’s have the balls to stand up against a corrupt leader who doesn’t give a damn against the poor. I hope that Erap, Cory, Ramos, FPJ’s widow, Honasan etc… and the opposition and there supporters unite together and throw that repugnant little dwarf/mole out of office in the next elections.

    Reply
  5. nobody loss in the elections actually, all they say is that they were cheated! common mentality of filipinos like you coupled with your damn ideals and rethorics! get a life!

    Reply

Leave a Comment