Venture capitalists or true believers?
by Roel R. Landingin
AS A veteran fund-raiser for presidential candidates tells it, there are fewer awkward moments in the campaign than a meeting between the candidate and a potential donor, especially if they are seeing each other for the first time.
Recalling one such meeting ahead of the recent May 10 polls, the fund-raiser says that what actually lasted a fleeting 15 minutes seemed to take forever. “They talked about everything else except the money,” the moneyman tells the Philippine Center for Investigative Journalism (PCIJ) on condition of anonymity. “At the end, when there was nothing else to talk about, the donor just said ‘By the way, here’s something for the campaign.’”
Sidebar
by Roel R. Landingin
A CLOSE look at election spending reports of seven presidential candidates and three political parties in the May 10 polls reveals that election campaigns are funded in the manner and mold of financing for risky business start-ups.
Money comes mostly from personal funds, family members, and friends rather than a wide network of supporters of the political party, organization, or movement. In business, these private-equity sources of funding are ideal for ventures with low success rates but high pay-offs that are usually shunned by banks and the capital markets.
by Karol Anne Ilagan and Malou Mangahas
THE PHILIPPINE PRESS, widely held to be the freest and most rambunctious in Southeast Asia, has no reason to boast and gloat as journalists across the globe observe World Press Freedom Day today.
Aside from the string of unsolved murders of journalists, spotty compliance and outright mockery of the law on the disclosure of statements of assets, liabilities and net worth (SALN) by the country’s justices, lawmakers and executive officials continue to hinder the people’s right to know – ironically this year’s theme in commemorating press freedom.
Our latest offering is a series of stories about the gigs, gimmicks and exploits in college of three candidates for president — the Liberal Party’s Benigno C. Aquino III, the Nacionalista Party’s Manuel B. Villar Jr., and the Lakas-Kampi’s Gilberto C. Teodoro Jr.
These stories were written by communication students who are now working with the PCIJ on internship basis. We sent them out to field to discover how these candidates were like when they were students their age.
Presidential campaign: Month 2
by Che de los Reyes
THIS presidential campaign is turning out to be the most expensive yet in Philippine political history, but it is also a story of two extremes – profligacy and penny-pinching on political advertisements by the candidates.
In just the two months since the official campaign period began last February 9, six candidates for president racked up a daily average ad spending total of P10.5 million, or almost P633 million in 60 days. By contrast, the remaining three candidates had a total tri-media ad bill of zero, with data by media monitoring company Nielsen failing to yield a single print or broadcast spot bought by any of them.
by Ed Lingao
IN THE unnervingly expensive race for the Philippine presidency, the candidates who splurge are those less open to discussing their campaign spending, while candidates who spend the least are the most open to talking about their finances.
The Philippine Center for Investigative Journalism (PCIJ) managed to ask most of the presidential candidates about their positions on various issues involving campaign finance: where they get their campaign money, their major donors, and their expenses.
