Catholic Church has billions invested in BPI, Philex, San Miguel

[redhorse1L]

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Maybe you forgot or maybe i'm just too naive to know this. There are savings but what I don't know is that they invest their money. Sure, mangayo ug donation. Naa gyud nai excess, the excess you spend for another day. If kulang, ngayo donation (cycle repeats). Dili man pud na sila mazero bai maskin dili na nila iinvest. That's the whole point of the tax exemption of the church and NPOs, because they are not supposed to generate income. if your money grows that IS INCOME. Can the church still, in good faith, claim that they are a non-profit org? I don't think so!

Wala ka kasabot unsa anang NPO?

Non-profit Organization is an organization that does not distribute its surplus funds to owners or shareholders, but instead uses them to help pursue its goals

Pangita kuno ug NPO nga dili mo-generate ug income. Unsa na? makililimos? Sige pangayo ug kwata?

Another thing, NPOs are AUDITED by the BIR and that all expenses must be liquidated by the end of the day. If naai sobra that would be deemed a profit and therefore taxable. If there is a discrepancy, heads will roll. The church doesn't have this kind of pressure.

But to answer your question, YES, dapat gyud ma zero by the end of the day (at least in the books). Well, technically speaking, all the money must be accounted for and spent where they were supposed to be spent.

Mao! kay dako na kaayo ka pag-salig sa BIR? Limpyo kaayo na ang BIR sa?
The church has also accounting section. Naa sad na internal and external auditors. Balanced sheet does not mean zero balance, nga wala na ka Cash-on-hand kay imo nang gipanghatag ang nakolekta.

Sus! kung mag-himo ka ug Charitable institution, dili pud uroy ko donate dinha nimo. Mura ra manka middleman, dawat sa wala balhin sa too.

Oi, dapat man diay ka sweldohan sa? aw, shot pud diay gamay sa imong bulsa!

Taxes are not donations bai. They are OUR hard earned money taken by force. And, yes, politicians DO go to jail if they invest OUR money for their personal gain (if maskapan) or they invest the money in transactions that are deemed conflicts of interest.
Don't compare them directly with priests bai. Most of all, the income generated by invested taxes goes the country's coffers. It is OUR common income. And you can honestly say bai that that money is OURS it belongs to the Filipino people.

Daghan na kaayo ka ug "ifs". Murag dako na kaayo ka pagsalig sa goberno nga mapriso jud dayon basta mag-binuang.

Of course, dapat lang ang kwarta is NOT for PERSONAL GAIN.

[sgrnim]

dili ka hibugngan ngano stable kaayo ang BPI katong pag down sa Lehman Brothers sauna ang uban bangko na tandog ato..mao dai nga ligoon kaayo ang BPI ky dato kaayo ang tagiya ang simbahan..wala jud lugi pirmi kya ng kwarta kwarta mn sa katawhan.hahahaha

[tokidoki]

Sus! kung mag-himo ka ug Charitable institution, dili pud uroy ko donate dinha nimo. Mura ra manka middleman, dawat sa wala balhin sa too.

Isn't that the whole point? Ana bitaw na. Ang nakalahi ra sa mga ing-ana kinsa ra ila balhinan sa tuo. It's as simple as that! Or did you believe naai complex mechanism in place to handle money that's simply just supposed to go to the people who need it? Oh, wait, to to them it is! Kai bulsahon baya ang uban.

Let me cut through your hypocrisy/BS bai. Di ka modonate nako kai di lang gyud ka ganahan nako. Dili kai "mura ko ug middleman". Correct? tuga tuga man ka ug supak oi nya klaro kaayo imong tuyo.

So unsa nalang ni? Adto nalang ka sa simbahan or lain donate kai daghan pa magic maabot before maabot sa nangayo? it appears you're the bigger FOOL here, bro. Mao na imo gusto? Ang purpose sa motabang taason pa ang istorya. Well, I'd imagine ganahan siguro ka daghan kuti.

They are all "middlemen" here. Mao bitaw there are also movements that are against charitable institutions. First of all, there is no regulation. (who is to say the money is going where it's supposed to). Secondly, there are more efficient means of helping others (like doing it your d4mn self) instead of paying chartiable institutions to do it.

[redhorse1L]

Isn't that the whole point? Ana bitaw na. Ang nakalahi ra sa mga ing-ana kinsa ra ila balhinan sa tuo. It's as simple as that! Or did you believe naai complex mechanism in place to handle money that's simply just supposed to go to the people who need it? Oh, wait, to to them it is! Kai bulsahon baya ang uban.

Let me cut through your hypocrisy/BS bai. Di ka modonate nako kai di lang gyud ka ganahan nako. Dili kai "mura ko ug middleman". Correct? tuga tuga man ka ug supak oi nya klaro kaayo imong tuyo.

So unsa nalang ni? Adto nalang ka sa simbahan or lain donate kai daghan pa magic maabot before maabot sa nangayo? it appears you're the bigger FOOL here, bro. Mao na imo gusto? Ang purpose sa motabang taason pa ang istorya. Well, I'd imagine ganahan siguro ka daghan kuti.

They are all "middlemen" here. Mao bitaw there are also movements that are against charitable institutions. First of all, there is no regulation. (who is to say the money is going where it's supposed to). Secondly, there are more efficient means of helping others (like doing it your d4mn self) instead of paying chartiable institutions to do it.

What I'm implying is that dili pud maayo nga sige lang ka dawat kwarta for donation, then distribute, as plain and simple as that. Daghan sad baya ka gastohanan like manpower or other resources. You should at least have some money management and keep aside some for savings / investments. If possible, find ways nga maka-generate ka ug other income, like concerts, or other projects para makatabang maka-add up sa imong funds.

Sakto ka, dili jud na malikayan ang doubts. But if you believe that the institution is doing the right thing, then padayon ug donate.
Kung duda ka. Aw, ayaw hatag.

Ayaw lang dauta ang institution kay wala ka'y solid proof nga naay anomaliya nahitabo.

We are talking about Church's investing.
If dako pa na nga anomaliya, why was it not brought up on the papers?

[noel_llapa]

It doesn't matter if the Church is a "wise investor" or "financially capable," the point is that they are KEEPING MONEY FOR THEMSELVES! Yes, save up, invest, profit even! But why not use such profit and the returns of your investment for the good of your flock? Nganong puros man na mga airconditioned mansions ug luxury SUVs ang paliton? If ingon anah kadak-a ila assets and investments, why arent we seeing large-scale charitable facilities. Nakabuild na unta sila ug perting dakoa ng mga orphanages ug shelters or even schools for the indigent! Ang mga dagko na hinuon na gipangtukod mga schools hinuon na exclusive! Mga seminaries na di-ercon! Mga retreat houses with mountain views na parentahan! Tsk tsk. Priests should be trained as teachers and helpers of the poor, not frickin stock brokers, financial consultants, and business tycoons!

[tokidoki]

What I'm implying is that dili pud maayo nga sige lang ka dawat kwarta for donation, then distribute, as plain and simple as that. Daghan sad baya ka gastohanan like manpower or other resources. You should at least have some money management and keep aside some for savings / investments. If possible, find ways nga maka-generate ka ug other income, like concerts, or other projects para makatabang maka-add up sa imong funds.

Sakto ka, dili jud na malikayan ang doubts. But if you believe that the institution is doing the right thing, then padayon ug donate.
Kung duda ka. Aw, ayaw hatag.

Ayaw lang dauta ang institution kay wala ka'y solid proof nga naay anomaliya nahitabo.

We are talking about Church's investing.
If dako pa na nga anomaliya, why was it not brought up on the papers?

I guess that was the purpose of the article bai. It may appear that way but I also believe the writer is also making a subtle nod in the other direction.

[stew_griff]

ang nindot ani ang financial adviser sa simbahan mg hold unta ug mga seminars on financial literacy (dapat bayran sa simbahan :P ),,that way at least ang katawhan aware pod and naa sila knowledge sa kwarta,, ila nalang buhaton is pag apply.

[tokidoki]

It doesn't matter if the Church is a "wise investor" or "financially capable," the point is that they are KEEPING MONEY FOR THEMSELVES! Yes, save up, invest, profit even! But why not use such profit and the returns of your investment for the good of your flock? Nganong puros man na mga airconditioned mansions ug luxury SUVs ang paliton? If ingon anah kadak-a ila assets and investments, why arent we seeing large-scale charitable facilities. Nakabuild na unta sila ug perting dakoa ng mga orphanages ug shelters or even schools for the indigent! Ang mga dagko na hinuon na gipangtukod mga schools hinuon na exclusive! Mga seminaries na di-ercon! Mga retreat houses with mountain views na parentahan! Tsk tsk. Priests should be trained as teachers and helpers of the poor, not frickin stock brokers, financial consultants, and business tycoons!

Exactly what I'm trying to point out to mr redhorse1L. Why are they still asking when there is already proof of immense wealth to meet their needs?

You mean to say 12Billion is not enough to build orphanages, housing projects, rehab centers, clinics, hospitals and even *cough* *cough* church improvement?

Dili ni exaggeration gyud. The truth is out there to see! We say this to politicians and now I say this to priests: ASA ANG RESULTA?

And if they say "we have this we have that but we need charitable souls" I would say "BULLSH*T"! In billions ang kwarta and they provide their projects with mediocre if not pitiful support.

[masterjanuarius]

Exactly what I'm trying to point out to mr redhorse1L. Why are they still asking when there is already proof of immense wealth to meet their needs?

You mean to say 12Billion is not enough to build orphanages, housing projects, rehab centers, clinics, hospitals and even *cough* *cough* church improvement?

Dili ni exaggeration gyud. The truth is out there to see! We say this to politicians and now I say this to priests: ASA ANG RESULTA?

And if they say "we have this we have that but we need charitable souls" I would say "BULLSH*T"! In billions ang kwarta and they provide their projects with mediocre if not pitiful support.

TS, Katoliko ka? How much do you contribute to the Church every time you go to Mass? If you give contributions, then you should trust the Church that your donations go to the charities which the church maintains, and they are many TS .. and billions are not even enough to make them float or working. Now, supposing you do not give Sunday contributions, then, why SULK?

Kadaot aning uban, they demand something from the Church of which they have no right at all .. being non-contributors! Ako, bro, I share my blessings to the church every time I go to Mass, and not only on Sundays. I am aware that the Catholic Church has shares in this or that business .. and that is good .. they put into good investments the help from people which will be , in turn, used for the many charitable institutions in this country and in the maintenance of Filipino missionaries outside the country...

Now, why put on the spot the Catholic Church? The contributions of the catholic laity vary from a .25 centavo to some thousands of some rich people .. Mind you that is nothing compared to the "IKAPU" of other churches: Dating Daan, Iglesia ni Kristo, Quiboloy's Church, Born again etc and etc .. No malice here my brothers christians .. Even the Church needs to put into good use the contributions of the Laity .. and this, whether TS likes or not.

[redhorse1L]

Exactly what I'm trying to point out to mr redhorse1L. Why are they still asking when there is already proof of immense wealth to meet their needs?

You mean to say 12Billion is not enough to build orphanages, housing projects, rehab centers, clinics, hospitals and even *cough* *cough* church improvement?

Dili ni exaggeration gyud. The truth is out there to see! We say this to politicians and now I say this to priests: ASA ANG RESULTA?

And if they say "we have this we have that but we need charitable souls" I would say "BULLSH*T"! In billions ang kwarta and they provide their projects with mediocre if not pitiful support.

Again, as a stockholder/investor, dili na pwede imo nalang i-withdraw ang stocks just for the sake nga maka-liquidate naka sa imong kwarta para naa ka gamitan. Stockholder ka kay you want to partly run the company / make decisions. When the business makes profit, naa ka dividends/share.. Mao to pwede nimo magamit. Dili kay ibaligya nimo ang 12Billion worth of stocks. Your practically killing the hen that lays golden eggs.

And dili pasabot, puros pari / obispo ang naglingkod dinha.
Basta makadungog gali ug simbahan, pari na dayon ang naa sa huna2x. Ayaw ko ingna puros pari / obispo ang naa sa accounting dept?

Again, you can question how they handle the distribution of the money, but I strongly disagree kung dauton nimo ang reputation sa simbahan, telling nga gisulod ra sa ilang bulsa. Like I said, gi-audit pud na ang kwarta, dili lang kay ang mga pari ra nag-ihap2x sa bahin sa kwarta.