Ann: OceanaGold Corporate Update Presentation, page-11

Yes Rykster, I've spent time in the Philippines, unfortunately.
And yes, they would be a lot better off if their political leaders did not have the history they do, and unfortunately it's a sad indictment on the society.

Courtesy of Forbes.
Duterte is turning the Philippines into a more corrupt and less democratic state.
https://www.forbes.com/sites/panosmourdoukoutas/2020/01/24/duterte-is-turning-philippines-into-a-more-corrupt-and-less-democratic-state

Duterte and the Face of Evil
https://opinion.inquirer.net/118098/duterte-and-the-face-of-evil

Aquino (president before Duterte)
Aquino Indited for Corruption by the Philippines.
https://www.aljazeera.com/news/2018...o-indicted-budget-misuse-180620084846137.html

Arroyo (president before Aquino)
Philippines charges Arroyo with Corruption
https://www.theguardian.com/world/2011/nov/18/philippines-asia-pacific

Estrada (president before Arroyo)
Estrada given life sentence for Corruption
https://www.theguardian.com/world/2007/sep/12/philippines

You, my friend, need to hone up on your history, and start facing objective realities about the Philippines' government and it's political leaders. It might be way past the time that you faced up to the real truth !!

The place is a seething mess of current and historical corruption.

Since 1987, every president has been charged with Corruption (and worse), and of course, before 1987 we had Marcos - say no more !

"Corruption, Violence, Kidnappings - The 4 Post Marcos Presidencies"
https://www.manilatimes.net/2016/04...ur-post-marcos-presidencies-1986-2010/256993/

Gw