May 12-15, 2018 Volume 28 - No. 39 • 4 Sections – 30 Pages
Justices oust Sereno from PH Supreme Court by RAE
Minutes after the ruling was made public on Friday, May 11, Chief Justice Maria Lourdes Sereno addressed her supporters, thanking them and asking the public to be more vigilant. Philstar.com photo by KJ Rosales
USA
DATELINE Thomas Small: Culver City’s new Fil-Am mayor at the front of the city’s renaissance FROM THE AJPRESS NEWS TEAM ACROSS AMERICA
CULVER City, which celebrated its centennial last year, is undergoing a phenomenal renaissance fueled in part by the many tech and entertainment companies choosing to call the city home. At the frontline of its booming changes is Filipino-American Culver City Mayor Thomas Aujero Small
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‘No more fighting’: Mayweather says no to rematch with Pacquiao BOXING champion Floyd Mayweather Jr. confirmed that there will be no rematch between him and fellow boxer Manny “Pacman” Pacquiao. Stylish and luxurious, he arrived at the Ninoy Aquino International Airport (NAIA) last Tuesday, May 8, and readily answered questions. “I’m an old man. There’s no more fighting in Floyd Mayweather,” he said, rejecting the possibility of a rematch with Filipino eightdivision world boxing champion, Pacquiao. However, there is one thing Mayweather would like to do with Pacquiao if given the chance — shoot some hoops. “My love for boxing is like my love for basketball,” the retired boxer said. Mayweather is currently on a world tour aboard his $3 million Gulfstream IV on a personal mission to meet and greet boxing fans the world over.
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ANN VARONA AJPress
THE Philippine Supreme Court on Friday, May 11 voted to oust its first female chief justice who has been critical of the country’s President Rodrigo Duterte and his controversial war on drugs. Resulting from an 8-6 vote, Chief Justice Maria Lourdes Sereno was removed from the country’s highest court on the grounds that she allegedly failed to fully disclose her wealth from years before her appointment in 2012 under former President Benigno S. Aquino III. Supporters of Sereno — including the hundreds who protested outside the court on Friday
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SURRENDERED FIREARMS. President Rodrigo Duterte leads the inspection of the firearms surrendered by the ISIS-Maute Group at the Capitol Gymnasium in Sacayo, Marawi City on Friday, May 11. Also in the photo are Philippine National Police Director General Oscar Albayalde, Sec. Bong Go of the Office of the Special Assistant to the President and National Security Adviser Hermogenes Esperon Jr. Malacañang photo by Karl Norman Alonzo
New tourism chief accepts Pres. Duterte’s challenge to affirm ‘no corruption’ policy by RITCHEL
MENDIOLA AJPress
NEWLY-appointed Tourism Secretary Bernadette Romulo-Puyat revealed President Rodrigo Duterte’s first instruction for her was to maintain a “no corruption” policy as she takes over the department that was recently involved in a P60-million advertising deal controversy. (L-R) Philippine Pres. Rodrigo Duterte, German Chancellor Angela Merkel, Chinese Pres. Xi Jinping, “My only instruction from the President when he of- Russian Pres. Vladimir Putin and U.S. Pres. Donald Trump. Photos courtesy of Forbes Nagazine fered it and then I accepted – he said, ‘Congratulations! All I want is no corruption. Don’t steal,’ he told me. And I said, ‘Yes, of course,’ ” Puyat said Wednesday, May 9. Wanda Tulfo-Teo resigned from her post after the Newly-appointed Tourism Secretary Commission on Audit (COA)’s report about a questiontive’s “raw and vulgar vocabuby GAEA KATREENA CABICO Bernadette Romulo-Puyat Philstar.com photo u PAGE A2 Philstar.com lary.” “He called Obama ‘son of a MANILA — President Rodrigo whore’ and has used homophoDuterte has been included in bic slurs to describe opponents,” Forbes Magazine’s Most Power- Forbes said. His inclusion on Forbes’ list ful People of 2018. Duterte ranked 69th of the 75 came days after he was named as The first batch of Congressional Gold Medals awarded to Filipino WWII leaders, advocates and entrepre- of one of the strongmen in TIME neurs in the international busi- magazine’s cover story. He, howveterans and next of kin in a ceremony in Historic Filipinotown ness magazine’s roster of who it ever, denied that he is a leader ors Filipino and Filipino-American WWII deems the most powerful people who rules with force. by KLARIZE MEDENILLA AJPress In several speeches, Duterte veterans with the Congressional Gold Med- worldwide. In 2016, he placed allayed fears that he would beal (CGM), the highest congressional honor 70th. FILIPINO World War II veterans in LA on awarded to civilians. The entry about Duterte took come a dictator. But there were On Oct. 25, 2017, two dozen Filipino note of his rise to power on the also instances when he defended Wednesday, May 9 began receiving their Congressional Gold Medals, a long-await- WWII veterans traveled to Congress to of- back of his campaign that prom- his brand of leadership, stressing ed formal recognition for the more than ficially accept the CGM, and on Wednesday, ised to eradicate street crimes that there would be no progress if he did not act like one. 260,000 Filipino soldiers and guerrilla fight- veterans in Los Angeles began personally and the drug trade. Duterte’s ally, Chinese Presireceiving their honors at the ceremony held ers who fought under the American flag. “So far, his war on crime has In 2016, 70 years after the Rescission Act by the Filipino Veterans Recognition and already resulted in the killing of dent Xi Jinping, seized the top of 1946 annulled benefits that would have Education Project (FilVetREP). thousands of people across the spot in the 2018 ranking. He re“This award ceremony is long overdue, archipelago country,” Forbes placed Russian President Vladibeen awarded to Filipino soldiers for their mir Putin, who held the title for military service, former President Barack and we’ve heard time and again from living said. Obama signed into law a measure that honIt also cited the chief execuu PAGE A3 u PAGE A5
Duterte on Forbes’ most powerful people list again
Filipino World War II veterans receive Congressional Gold Medal awards in LA
Ultra-rich Filipinos seen doubling in 5 years by RICHMOND
MERCURIO Philstar.com
MANILA — The number of ultra-high net worth individuals or those with net assets of $50 million or more in the Philippines is expected to nearly double over the next five years, the second fastest projected growth in the world behind China. Results of The Wealth Report of Results of The Wealth Report of global property consultancy firm Knight Frank showed the number of ultra-high net worth individuals in the Philippines is seen global property consultancy firm expanding by 84 percent from 310 in 2017 to 570 in 2022. Philstar.com photo Knight Frank showed the number
of ultra-high net worth individuals in the Philippines is seen expanding by 84 percent from 310 in 2017 to 570 in 2022. This means that the Philippines will see 260 new ultra-wealthy individuals over the next five years, most of whom are homegrown Filipinos, the report said. The growth is expected to be the second highest globally behind China, in which ultra-high net worth individuals are seen growing by 104 percent until 2022.
“The growth is driven mainly by a bullish real estate industry, strong macroeconomic fundamentals and will be further fueled by the influx of Chinese investments into the Philippines through the Belt & Road Initiative,” Knight Frank chairman and CEO Rick Santos said. “The Philippine economy has a number of strengths. It’s all down to economic growth and improvements in infrastructure and FDI
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