Another Funny Deal, My Lord, not again!

clipped from opinion.inquirer.net This is one funny contract from beginning to end. But no one is laughing. An investigation by the Senate, as some senators have suggested, is in order. You don’t have to be a financial wizard to know that you cannot go far in business with P62,500. That kind of money may be enough to stock up a small “sari-sari” store but it cannot pay even one month’s rental for a tiny office in Makati. But it seems some people have the colossal good luck to hit the big time in no time at all and with so little money. Transpacific Consolidated Resources Inc. (TCRI) is one such extremely lucky company. Registered in the Cebu office of the Securities and Exchange Commission in October 2007 with paid-up capital of only P62,500, it was awarded four months later a P956-million contract for the supply of coal by the National Power Corp. (Napocor). How it won, with virtually “laway lang ang capital” [literally, “only saliva for capital”], is a mystery that Napocor has to explain satisfactorily.

Where do supposedly bright people get the idea that they can make a fool out of other people or even think of them to be thick? Is this some kind of the psychological projection, where you think others are as thick or as dense as you are? (Sa lahat ng ayoko, iyong ginagawa kang tanga!)