Author Archives: DAVAO TODAY

17 years ago

Manny Pacquiao withdraws his money, instigates ‘mini bank run’

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Apparently upset that he was defeated in his congressional bid and that his ‘principals” in Manila has so far failed to reimburse him the 140 million pesos he supposedly spent in the elections, boxing hero Manny Pacquiao reportedly instigated what amounted to a mini bank run after he withdrew all his remaining money from three banks.

According to BusinessMirror, “Informed sources said Pacquiao withdrew all his money from a bank in General Santos City as he conducted a personal audit and found he spent more than P140 million in election-related expenses but was still trounced by his diminutive political opponent.”

Read the full story here.

17 years ago

Gov’t, MILF urged: Extend life of ceasefire body

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Without the intervention by the AHJAG — which investigates incidents of violence or disturbance that, on many occasions in the past, complicated the negotiations — elements from the military and the MILF could easily engage in confrontation, given the often unknown or unclear origins of violent conflicts, particularly in the MILF areas in Central Mindanao. Criminal syndicates operate in that area and their activities have often been blamed on the MILF, thus complicating the peace process and the implementation of the ceasefire agreement.