Sudden great wealth, ill gotten? From a govt scam

Every generation needs a revolution - an entrepreneurial revolution

Several years ago there bloomed a citizen from this place a citizen with great wealth.  She a govt employee acquired a hotel, a resort, a batching plant, several large parcels of land along the highway.  At her beck and call was a barangay captain who was brokering thing for her.   Or managing the businesses she owned as we were told.

He held the citizen in great awe.   How could she amass so much wealth so soon?  Her story defied all lessons on entrepreneurship and business management.

Until lately as she was disposing her properties (the long arms of the law may catch her and declare the assets she has as ill gotten (I hope she has proofs that her cash flows justified her ownership)  the broker agents revealed that the acquisition was due to the entrusting of the lady who is now jailed for the Congress scandal on govt funds scam via foundation. 

All of a sudden the admiration and high regards we had for the lady crumbled and vanished

https://www.facebook.com/ANCalerts/photos/pork-barrel-scam-list-given-by-camp-of-janet-lim-napoles-to-sec-panfilo-lacson/10152194879103791/

https://newsinfo.inquirer.net/1102082/in-the-know-janet-lim-napoles-and-the-pork-barrel-scam

Transportation companies hardest hit by pandemic due to lockdown, are exerting hard efforts to recover

Every generation needs a revolution - an entrepreneurial revolution

In an apparent effort to get back to their business bus companies are posting pictures of their latest modern buses to entice people to ride them.  Some familiar names:   Victory, Five Star, Partas, Dominion, Ceres, Bachelor.

Cebu Pacific has gone back to one peso flight promo  https://www.detourista.com/promo/new/cebu-pacific/

We do not know about shipping lines.  They should make much money on cargo and roro trucks.  But passengers are still few due to stringent SPass requirements and acceptance.   

In Batangas, the lines of freight trucks waiting to be loaded sometimes is a km long.   https://www.transportify.com.ph/roro-roll-on-roll-off-heavy-freight-shipping/    A real legacy by GMA - the nautical highway.  

With due respect to our top govt officials, a trading company does not require huge capital

Every generation needs a revolution - an entrepreneurial revolution

Many of our distinguished legislators are questioning why a trading company has the barest capital to transact billions with the govt.   Its a trading company that is why and relies on credit and trust of its suppliers.   It is contingent upon shipping companies, factories and airlines to have huge equity   

But not for a trading company.   We ran a supermarket before  and we were running at 90% debt to equity  The suppliers whose sales manager were the old school network trusted us with their merchandise on credit

A hardware company with chain of stores I learned had most of their goods on consignment   

There seems to be nothing wrong with the little trading company capitalized only a small fraction of the total deal   Especially if they are friends of the suppliers,