Thursday, August 25, 2005

Nagsalita na naman ulit Teddy Locsin

From the Malaya:

Locsin described the impeachment proceedings as a "fight between two groups of liars – the minority that claims it has proof of (Arroyo’s) guilt and the Palace which insists it is innocent."

Walang ebidensiya you say Mr. Teddyboy? Hindi lang naman yung "Hello garci" tape ang ebidensiya na may dayaan eh. What about the conflicting ERs and COCs that were presented during the canvassing of votes, Mr. Teddyboy? What about the "bokyahan" (GMA gets all the votes in that area, the rest all gets zero votes). Or the fact that GMA won in areas where mas maraming bumoto kaysa sa registered voters?

There were enough election fraud evidence presented during the canvassing of votes in 2004, but those were just "noted" away by kiko pangilinan and now DOJ secretary Raul Gonzalez. The opposition's request for a recount were denied more than 200 times by GMA's stonewallers. Dinaan nila sa numero ang pag-railroad ng proclamation ni GMA.

Sinabi rin ni Locsin na nagsisinungaling raw ang Palasyo dahil "hindi rin inosente" ito. Pero hindi specific si Teddyboy kung ano yung tinutukoy niya.

Hindi innocent si Arroyo dahil ninakaw niya ang eleksyon? O baka naman sa tingin ni Locsin ay "guilty" lang si Arroyo dahil nakipag-usap siya kay Chairman Ben Abalos at "lapse of judgment" lang ang kasalanan ni GMA? Medyo malabo si Locsin dito.

Ito kasi ang problema sa mga pro-Arroyo people (at mga pro arroyo bloggers, you know who they are) na nagkukunwaring "neutral" raw sila, but they spend most of their time criticizing the opposition instead of the administration on the GLORIAGATE case -- as if yung opposition, si Lacson at si FPJ ang nandaya at nagko-coverup sa nakaraang presidential election.

Locsin also advised the "united" opposition to pull its act together.

"If they continue to be bedeviled with their broad coalition, like Marcos, Cory, Erap and others, it would be very hard to reconcile (their conflicting views). Like, how can you have a rally with a Marcos and an Aquino? What would you call it, the Assassins of Ninoy Aquino for Freedom Movement?" he said.

well, the fact that people from opposite extremes like cory and erap have come to the same conclussion about GMA's illegitimacy without any quid pro quos or bayaran involved says a lot, don't you think Teddyboy?

And Imelda Marcos is now pro-Arroyo, FYI.

UPDATE: Garcillano's case is being revived.

3 comments:

Anonymous said...

Locsin is connected to the Yuchengcos, a crony businessman of gma.

Anonymous said...

FIRST JOB
Dragon Lady is mellowing (just a tad)
Posted: 1:21 AM | May 08, 2005

Tina Arceo-Dumlao
Inquirer News Service

FEISTY is the word often used to describe veteran stockbroker and deal maker, Vivian Yuchengco.

Certainly not one to run from a fight, the former head of the defunct Makati Stock Exchange and director of the unified Philippine Stock Exchange has been known to call a person a crook, stupid, incompetent or a liar—among other colorful words—to his or her face.

As such, people usually give her a wide berth when she walks the halls of the PSE, and not a few would cringe during PSE board meetings when Yuchengco speaks her mind, which is often.

Yuchengco tells SundayBiz in an interview that she really does not mean to be controversial or be branded as a fighter. She is just being honest, a trait she says she inherited from her mother, who single-handedly raised her and elder sister, Connie.

"She is the best mom," Yuchengco says of her 86-year-old mother.

The mother

Her mother, Vicencia, was born with the proverbial platinum spoon in her mouth due to the flourishing business that her father had.

The founder of the Yuchengco group of companies, Don Enrique Tiaoqui Yuchengco, was in the construction business, among others, and listed the Post Office and the library of the University of the Philippines among his landmarks.

The spoon was yanked from her mouth, however, due to some family disagreements that forced Yuchengco's mother, who had long separated from her husband, to fend for herself and her two daughters.

She started a trading business from scratch and nurtured it through hard work and the Yuchengco flair for business. She invested what she had in the best education for her two daughters.

Vicencia managed to send her daughter, Connie and Vivian to the International School, but that meant living in a small, rented flat in Malate, owned by the family of writer Gilda Cordero-Fernando. The house was filled with cables and wires sold by Vicencia's fledgling business.

"My mother used her good name to start the trading business. She was into auto supplies, and when she went big time, our whole house looked like a hardware store. That was how she made her own money," Yuchengco says.

Though Yuchengco's mother was never really physically around for her daughters because of all the work that she had to do, Yuchengco says her mother was still a big influence on the person she has become.

She learned from her how to be unafraid to stand up for what she believes in, to be strong and protect the name that opened doors for her in business circles. These lessons prepared her well when her turn to enter the labor force came up.

Yuchengco was just 15 when she got into Solid Banking Corp. as a summer trainee, under the tutelage of banker Wilfrido Tecson.

Yuchengco handled new accounts, opened letters of credit and saw how corporate planning worked.

It was during those summer months when she met some of today's prominent names in banking circles, such as Bangko Sentral ng Pilipinas Governor Rafael Buenaventura, former Far East Bank founder Octavio V. Espiritu and former Philippine National Bank president Peter Favila.

Yuchengco's first real job after graduating with an Economics degree from Boston came courtesy of her uncle, Alfonso Yuchengco.

"I first joined Malayan Insurance, then to Philippine Pacific and Nomura where I learned about the stock market," Yuchengco says.

She learned the ropes in the stock market at the same time that she was learning to play her new roles of wife to journalist and now Congressman Teodoro Locsin Jr., and mother to first-born daughter, Margarita.

She got married before graduation amid mixed feelings from her family.

But who could resist the pull of the deluge of love letters that the eloquent Teddyboy mailed her when she was still studying in the United States?

Yuchengco certainly did not, thus, she went home and had a society wedding that had two receptions—one for 1,000 people hosted by her mother, and another for 100 hosted by her husband.

Era of the docile one

When the wedding was over, the marriage—and the era of the "docile" Yuchengco—started.

"I am docile when I'm in love. That brings out my soft side. I cooked for Teddyboy. I got those law books for him and took classes in Adamson for him. In a way, I helped put him through law school," Yuchengco says.

At the same time, Yuchengco was becoming an expert in the market.

She learned all she could beside such veterans as the late Myron Papa, who taught her when to take risks, and when to pull back and cut losses.

Her knowledge of the market grew, become more fine-tuned. But not her marriage. This despite the birth of another daughter, Bianca.

After six years as a couple, and four years as husband and wife, the sweethearts called it quits.

Yuchengco, however, vowed not to do what her mother did, which was keep her daughters away from their father.

"My mother completely erased my father from our lives. I never knew him. I told myself that I am not going to do that and deprive my daughters of their father who adore them. I am glad that my daughters came out well balanced," she says.

Again, she has to give credit to her mother.

"I was lucky that I had my Mommy with me. She took care of my children. She was with them all the time. She even went to their parent-teacher meetings," Yuchengco says.

Yuchengco is proud to say that she was able to put her daughters to good schools by her own effort to grow the brokerage that she set up in 1979 when she was just 28 years old.

She bought the seat of First Pacific Resources Inc. from the Manila Stock Exchange in 1979 for P1.5 million at a time when stocks were traded using hand signals.

She only had a handful of clients, and at one point only had P500 in her bank account.

But she is a Yuchengco, after all, and was lucky in business.

It was not so much the brokerage business that cemented her reputation, but her knack for getting wind of potential deals.

"One of my first deals involved the sale of Metro Drug to Manny Pangilinan who was then in Hong Kong. I would like to believe that I got him back to the Philippines in 1979," she says.

It has been 26 years since she got into the exchange and it has been a roller coaster ride, one marked by lawsuits that went all the way to the Supreme Court, heated arguments with fellow brokers that reportedly involved ashtrays being thrown during board meetings, fractious elections and major deals.

But she has no regrets and at 54, claims to have mellowed down. She is not as vicious, she says.

She is tired of fighting other people's battles, and is now looking forward to playing more badminton and spending more time for herself, now that her daughters are living their own lives.

Elder daughter Margarita is now a licensed lawyer in New York. Younger daughter, Bianca, is the writer in the family, an accomplished athlete and has Master's degrees under her belt.

"It's funny because my elder daughter looks like a Locsin, but is very much like me. Bianca, on the other hand, looks like me but is very much her father's daughter. She acts like a Locsin," she says.

One of her pet projects these days is the Galing Pilipino Movement, which aims to propagate faith and confidence in what the Filipino can do.

"I give to that movement. It is nothing much, but it is a start. We should all be proud to be Filipinos. I am giving what I can by continuing to bring foreign investors into the country," she says.

Though retirement is far off in the horizon, Yuchengco is spending less time at work and more time pursuing her interests, such as sports, travel and charity work.

"In the end, I want to be remembered as someone who truly tried to reform the PSE and protect the investing public, in the very real sense of the world. That I was out there for the good of the industry, and to pursue some hidden agenda," she says.

And oh, she also wants to be remembered as the Dragon Lady—one who breathed fire to the end.

Anonymous said...

If read the article you posted, it says that Vivian IS NOT the daughter of the "crony businessman of GMA", but of the sister whose "spoon was yanked from her mouth, however, due to some family disagreements". She has also been separated from Locsin for DECADES.