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    White Paper No. 13: How Tommy Osmena Buried Cebu City Deep in Debts of P29.994 Billion With Japanese Financiers

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    Abbey B. Canturias
    This independent documentation of the debt trap into which the city of Cebu and its people have had fallen under the mayorship of Tomas Osmena attempts to explore how P29.994 billion in borrowings from Japanese banks were arranged. Moreover, this explains how much largesse went to the hands of clay of Osmena and his cohorts at the Metro Cebu Development Projects (MCDP) and Department of Public Works and Highways (DPWH) during the 22 years he was in power as mayor and lawmaker representing the South Congressional District of Cebu City.

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    White Paper No. 13: How Tommy Osmena Buried Cebu City Deep in Debts of P29.994 Billion With Japanese Financiers

    Uploaded by

    Abbey B. Canturias
    194 views40 pages
    This independent documentation of the debt trap into which the city of Cebu and its people have had fallen under the mayorship of Tomas Osmena attempts to explore how P29.994 billion in borrowings from Japanese banks were arranged. Moreover, this explains how much largesse went to the hands of clay of Osmena and his cohorts at the Metro Cebu Development Projects (MCDP) and Department of Public Works and Highways (DPWH) during the 22 years he was in power as mayor and lawmaker representing the South Congressional District of Cebu City.

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    White Paper No. 13: How Tommy Osmena Buried Cebu City Deep in Debts of P29.994 Billion with Japanese Financiers

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    This independent documentation of the debt trap into which the city of Cebu and its people have had fallen under the mayorship of Tomas Osmena attempts to explore how P29.994 billion in borrowings from Japanese banks were arranged. Moreover, this explains how much largesse went to the hands of clay of Osmena and his cohorts at the Metro Cebu Development Projects (MCDP) and Department of Public Works and Highways (DPWH) during the 22 years he was in power as mayor and lawmaker representing the South Congressional District of Cebu City.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPT, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as ppt, pdf, or txt
    194 views40 pages

    White Paper No. 13: How Tommy Osmena Buried Cebu City Deep in Debts of P29.994 Billion With Japanese Financiers

    Uploaded by

    Abbey B. Canturias
    This independent documentation of the debt trap into which the city of Cebu and its people have had fallen under the mayorship of Tomas Osmena attempts to explore how P29.994 billion in borrowings from Japanese banks were arranged. Moreover, this explains how much largesse went to the hands of clay of Osmena and his cohorts at the Metro Cebu Development Projects (MCDP) and Department of Public Works and Highways (DPWH) during the 22 years he was in power as mayor and lawmaker representing the South Congressional District of Cebu City.

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    of 40

    White Paper No.

    13: Kabus nga Katawhan Gilubong ni Tommy sa Utang

    Survey sa BOPK Nagpakita: Tommy Ray Nabulahan sa Proyektong Inutang

    Ikaw ug Ako ang Hukom


    Si Tommy nangutang Tommy nabulahan Katawhan nadut-an Sugbu nabug-atan Ato bang subli-an? Unlod ang dakbayan Kon atong sublian Luoy tang tanan!

    Preference Tracking Poll Cebu Mayoralty Race March 23-31, 2013

    Local/City Tracking Poll BOPK Survey Data

    Mayor Michael Rama nag-una batok Osmena

    Hagba sa North District: 1,116 Rama batok 950 Osmena

    Hagbong sa South District 1,795 Rama; 1,528 Osmena

    Tagak sa Kinatibuk-an 2,912 Rama; 2,481 Osmena

    Ngano mag-Rama mga tawo? Tubag: Daghan siyag nahimo

    Tan-awa... Daghan, di ba?

    Tan-awa ang pruyba

    Saksi ang mga katawhan

    Cebu: A huge magnet for BPO

    Ligdong, Di Manglubag Braso

    Governance Way Kawat

    Robinson Galleria Breaks Ground

    High tax income collection

    Revenue Position when Rama was City Council member (1992-2001)

    First 10-year tenure of TOMAS OSMENA as mayor


    (Tax map in billions of pesos)

    Rama Intervention as Vice Mayor in Revenue Collection

    2nd 9-year tenure of TOMAS OSMENA as mayor


    City Treasurers Office: (Tax map in billions of pesos)

    First 2-year Revenue Performance Mayor Rama


    City Treasurers Office: (Income in billions of pesos)

    Ngano si Tomas Di Subli-an?

    Sugbo, Nasud Lubong sa utang P29.994 Bilyones

    Ania, Tan-awa ang Modus ni Mayor Pala-utang

    Utang #1: MCDP Phase 1


    P864.23 MILYONES Official development Assistance (ODA) Japan Bank for International Cooperation Annual interest: P25.926 million Pagabayran gikan 1989 hangtod sa 2019
    Source: National Economic and Development Authority (2012) Report

    Scope of Projects: Arterial roads, traffic management improvement, Cebu South Bus Terminal, consulting services.
    Corruption style: Gobyerno pa-utangon Contractor pa-trabaho-on: Gorones Contractor tiklo-on 20% Commission surikboton P175-M in kickbacks suyopon
    Sources: Commission on Audit Summary Reports, 1989-1994 Bureau of Local Government Finance (2012)

    Utang #2: MCDP Phase 2


    P17.13 BILYONES Official development Assistance (ODA) Japan Bank for International Development Annual interest: P514.05 million Bayran nato gikan 1995 taman 2025
    Source: National Economic and Development Authority (2012) Report

    Scope: Arterial roads, city traffic management improvement


    Corruption style: Gobyerno pa-utangon Contractor pa-trabaho-on: Gorones Contractor tiklo-on 20% S.O.P. Commission kobrahon P3.46-B in kickbacks: DPWH surikboton
    Sources: Commission on Audit Summary Reports, 1989-1994 Bureau of Local Government Finance (2012)

    Utang #3: SRP Phase 1


    P5.116 BILYONES Official development Assistance (ODA) Japan Bank for International Development Annual interest: P568.44 million Bayran nato gikan 2006 taman 2036
    Source: National Economic and Development Authority (2012)

    Scope: Coastal reclamation, 54% engineering, 6% marketing/promotions


    Corruption style: Gobyerno pa-utangon Contractor pa-trabaho-on: Real estate developers tiklo-on: SM, Filinvest 20% S.O.P. Commission P1.05-M in kickbacks suyopon P316-M promo budget nasurikbot intawon
    Source: Commission on Audit Summary Reports, 2006-2012

    Utang #4: SRP Phase 2


    P6.884 BILYONES Official development Assistance (ODA) Japan Bank for International Development Annual interest: P764.88 million Bayran nato gikan 2006 taman 2036
    Source: National Economic and Development Authority (2012)

    TRO: Perwisyo sa Sugbo


    Pagkalubong sa utang: P29.994 BILYONES Nasud Pilipinhon: P17.994 BILYONES Mga Sugbuanon: P12 BILYONES Loan interest: P1.33 BILYONES matag tuig Population: 1.54 million Matag Sugbuanon utangan: P7,792.20 matag usa bata ug tiguwang
    Sources: National Economic and Development Authority, Ibon Data Bank, Philippine Institute of Applied Politics

    Handler sa kwarta ni Tommy sa bangko

    Tomas ray nahayahay Sugbo Nasarasay!

    P926-M sa bangko

    Sources: Cebu City Bankers Club; World Fact Book, US Central Intelligence Agency (2013 Edition)

    Dollar account: $3.6-M

    Source: Hong Kong Bankers Circle; World Fact Book, US Central Intelligence Agency (2013 Edition

    Survey sa Team Rama

    Ikaw ug Ako ang Hukom


    Si Tommy nangutang Tommy nabulahan Katawhan nadut-an Sugbu nabug-atan Ato bang subli-an? Unlod ang dakbayan Kon atong sublian Luoy tang tanan!

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