Don’t tell me you’re sorry ’cause you’re not
And baby when I know you’re only sorry you got caught
– Take a Bow, Rihanna
Bishop who got PCSO funds was a top Ayala stockholder
A bishop who sought and received Philippine Charity Sweepstakes Office (PCSO) funds for his retirement home actually had millions invested in one of the country’s biggest conglomerates, data from the Philippine Stock Exchange (PSE) show.
According to PSE records obtained by GMA News Research, the Roman Catholic Bishop of Tuguegarao owns more than 24,000 common shares of Ayala Corp. currently valued at P8 million.
With those holdings, retired Tuguegarao Archbishop Diosdado Talamayan held about 0.0049 percent of the total shares of the company which ranked him 73rd in the Top 100 stockholders list of Ayala Corp.
The Archdiocese of Tuguegarao is just one of the Catholic archdioceses that hold substantial volumes of stocks in companies whose shares are traded on the PSE.
PSE data show that these own stocks in the Bank of the Philippine Islands (BPI), Philippine Airlines, San Miguel Corp. and PHILEX Mining Corp.
In BPI, the Roman Catholic Archbishop of Manila ranks fourth on the bank’s list of Top 100 stockholders with more than 200 million shares currently valued at P17.3 billion, and represent 6.266 percent of the bank’s outstanding shares.
|Company||# Shares Owned||Rank in Top 100||Total Investment Value|
|ROMAN CATHOLIC ARCHBISHOP OF MANILA||Bank of the Philippine Islands (BPI)||222,843,681||4th||12,724,374,185|
|ROMAN CATHOLIC ARCHBISHOP OF MLA (REAL CASA DE MISERICORDIA)||Bank of the Philippine Islands (BPI)||41,408,841||8th||2,364,444,821|
|ROMAN CATHOLIC ARCHBISHOP OF MANILA (HOSPITAL DE SAN JUAN DE DIOS)||Bank of the Philippine Islands (BPI)||22,072,182||13th||1,260,321,592|
|ROMAN CATHOLIC ARCHBISHOP OF MLA (HOSPICIO DE SAN JOSE)||Bank of the Philippine Islands (BPI)||6,016,624||15th||343,549,230|
|ROMAN CATHOLIC ARCHBISHOP OF MLA (HOSP DE SA JUAN DE DIOS)||Bank of the Philippine Islands (BPI)||4,285,572||17th||244,706,161|
|ROMAN CATHOLIC ARCHBISHOP OF MLA (MAYORDOMIA DELA CATEDRAL)||Bank of the Philippine Islands (BPI)||2,664,266||21st||152,129,589|
|ROMAN CATHOLIC ARCHBISHOP OF MLA (ST. PAUL`S HOSPITAL)||Bank of the Philippine Islands (BPI)||1,772,418||26th||101,205,068|
|CARMEL OF THE DIVINE INFANT JESUS OF PRAGUE, INC.||Bank of the Philippine Islands (BPI)||726,819||49th||41,501,365|
|EL SUPERIOR DE LA CORPORACION FILIPINA DE PADRES AGUSTINOS RECOLETOS||Bank of the Philippine Islands (BPI)||551,382||60th||31,483,912|
|ROMAN CATHOLIC ARCHBISHOP OF JARO||Bank of the Philippine Islands (BPI)||491,385||64th||28,058,084|
|EL SUPERIOR DE LA CORPORACION FILIPINA DE PADRES AGUSTINOS RECOLETOS||San Miguel Corp (SMC)||2,370,000||31st||260,700,000|
|SUPERIOR DE LA CORPORACION ARCHICOFRADIA DE N.P.J.N DE RECOLETOS||San Miguel Corp (SMC)||1,234,603||75th||135,806,330|
|CARMEL OF THE DIVINE INFANT JESUS OF PRAGUE, INC.||San Miguel Corp (SMC)||957,516||79th||105,326,760|
|ROMAN CATHOLIC BISHOP OF TUGUEGARAO||San Miguel Corp (SMC)||856,639||81st||94,230,290|
|REAL MONASTERIO DE LA PURISIMA CONCEPCION DE NUESTRA MADRE SANTA CLARA DE MANILA||San Miguel Corp (SMC)||809,834||83rd||89,081,740|
|SUPERIOR DE LA CORPORACION DE PADRES RECOLETOS POR BECAS Y VOCACIONES||San Miguel Corp (SMC)||621,702||89th||68,387,220|
|CARMEL OF ST THERESE OF THE CHILD JESUS||San Miguel Corp (SMC)||592,956||91st||65,225,160|
|THE DISCALCED CARMELITE NUNS OF CEBU||San Miguel Corp (SMC)||451,864||95th||49,705,040|
|ROMAN CATHOLIC BISHOP OF NUEVA SEGOVIA DE VIGAN||San Miguel Corp (SMC)||428,067||98th||47,087,370|
|ROMAN CATHOLIC ARCHBISHOP OF MANILA||Philex Mining Corp (PX)||3,221,135||15th||66,677,495|
|RELIGIOUS OF THE VIRGIN MARY – B||Philex Mining Corp (PX)||3,125,777||16th||64,703,584|
|RELIGIOUS OF THE VIRGIN MARY-A||Philex Mining Corp (PX)||1,091,027||69th||22,584,259|
|ROMAN CATHOLIC BISHOP OF TUGUEGARAO||Ayala Corporation (AC)||24,015||73rd||9,289,002|
|KNIGHTS OF COLUMBUS FRATERNAL ASSOCIATION OF THE PHILS, INC.||Ayala Corporation Preferred Shares – A (ACPA)||60,000||2nd||31,800,000|
|ROMAN CATHOLIC BISHOP OF TAGBILARAN||Ayala Corporation Preferred Shares – B (ACPR)||10,000||64th||1,015,000|
|DAUGHTERS OF CHARITY OF ST. VINCENT DE PAUL||PHINMA Corp. (PHN)||159,575||19th||2,122,348|
|ROMAN CATHOLIC BISHOP OF THE DIOCESE OF JUAN DE DIOS||PHINMA Corp. (PHN)||153,880||20th||2,046,604|
|RELIGIOUS OF THE VIRGIN MARY||PHINMA Corp. (PHN)||58,975||52nd||784,368|
|ROMAN CATHOLIC ARCHBISHOP OF MANILA||Concrete Aggregates Corp (CA)||78,846||9th||3,469,224|
|ROMAN CATHOLIC ARCHBISHOP OF MLA (REAL CASA DE MISERICORDIA)||Concrete Aggregates Corp (CA)||13,067||18th||574,948|
|ROMAN CATHOLIC ARCHBISHOP OF MANILA (HOSPITAL DE SAN JUAN DE DIOS)||Concrete Aggregates Corp (CA)||8,317||24th||365,948|
|ROMAN CATHOLIC ARCHBISHOP OF MLA (HOSPICIO DE SAN JOSE)||Concrete Aggregates Corp (CA)||1,898||66th||83,512|
|ROMAN CATHOLIC ARCHBISHOP OF MLA (MAYORDOMIA DELA CATEDRAL)||Concrete Aggregates Corp (CA)||841||97th||37,004|
|ROMAN CATHOLIC ARCHBISHOP OF MANILA||ISM Communications (ISM)||38,399||48th||126,333|
|SOCIETY OF THE DIVINE WORD||Filipino Fund Inc. (FFI)||6,000||24th||48,000|
|ROMAN CATHOLIC BISHOP OF BANGUED||Filipino Fund Inc. (FFI)||1,500||49th||12,000|
|CATHOLIC WOMENS LEAGUE||Benguet Corp. – A (BC)||215||53rd||4,107|
|CORPORACION DE PADRES DOMINICOS||EEI||75,000||75th||256,500|
Full report on www.gmanews.tv.
* * * *
Well FINALLY, mainstream media took notice. What has been reported in Newsbreak in 2004 is finally snowballing: first, through the column of Elizabeth Angsioco in Manila Standard Today, and now, Sandra Aguinaldo’s report for GMA 7.
In 2009, a friend told me to switch banks since she knew the Archdiocese of Manila is a major stockholder of BPI. Through research, I later learned it also invested in San Miguel—but wow, even in mining? And for a bishop to beg for P2,500 for government funds when he had P8 million worth of shares? (Arroyo ended up giving the bishop P200,000 through the PCSO.)
How about a round of applause?
A standing ovation?