Hi! I am Nina Lasala, former Treasurer of the Philppines. This blog is meant to be an open forum for investors, fellow finance professionals, and other interested parties to discuss the state of Philippine Debt Management.

Thursday, March 10, 2005

To Our Friends in Media, Thank You!

Zoe Television Channel, Channel 11 invited us to its program "Diyos at Bayan", hosted by Brother Eddie Villanueva and Ms. Kata Inocencio last night, March 10, 2004, between 9:00 to 10:30 in the evening.

The objective of the program was to ventilate the issues surrounding the Third Party Custodianship and Connectivity. They invited Mr. Nesting Espenilla, Assistant Governor of the Bangko Sentral ng Pilipinas and Atty. Elna Cruz, former Executive Assistant of the former Treasurer at the Bureau of the Treasury.

The reasons why we have been opposing the implementation of BSP circular nos. 392 and 428 were cited. It was a very good opportunity for us to have been able to make the public aware of the harm to the country and the people that the said circulars could cause if implemented.

The challenge given at the end of the show by Atty. Cruz is a warning we wish to reiterate to every well-meaning reader/citizen. It is the driving force which makes us continue this crusade against the implementation of the said circulars, and it is essentially this: It is not enough for one to know what is right and wrong. Whenever we see that a wrong is being committed or about to be committed, we must speak up and be willing to take a stand. For if we keep our silence or fail to take action to correct the wrong, we abet its perpetuation and become accessories to the wrongdoing. To put in another way, we quote a familiar saying: "THE KEY TO THE TRIUMPH OF EVIL IS FOR GOOD MEN TO DO NOTHING."

Once again, thank you to all of you who have taken up this cause with us. Let us continue the good fight!! May the Lord bless and prosper you.


Anonymous move on! said...

I think that airing the issues on Bro. Eddie's show is a disservice to the fine efforts that the BAP and BSP are doing to uplift the capital markets and promote investor protection. With all due respect to Bro. Eddie, these are complex issues that have been well studied by the industry and the regulator. The last thing we need is to make this another political football!

6:47 PM

Anonymous Anonymous said...

thank you my media friends my a**! since when did the JIL channel qualify as REAL MEDIA?

bro. eddie is just trying to take pot shots at the administration. that's the only reason why they would take on nina as a guest. he'll put anyone on the air who has views that are anti-GMA! self-serving...

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