Teresita Sy-Coson sits down with her five siblings for lunch every Tuesday to plot the direction of the Philippines’ largest family-run conglomerate. The sessions start at 11 and invariably spill over the allotted two hours, says Sy-Coson, 63, chairman of BDO Unibank Inc. and the eldest child of Henry Sy, the country’s richest man.
It was as close to a Stanley-meets- Livingstone moment as a 21st-century traveler is likely to get. After a weeklong odyssey involving planes, ferries, buses and motorcycles, I peered through sheeting monsoonal rain at a mist- shrouded island.
The former secretary of Imelda Marcos was found guilty of attempting to sell four missing paintings and failing to report taxes on the one that she did sell, a Claude Monet water lilies painting for $32 million, according to Manhattan District Attorney Cyrus Vance Jr.
Just after midnight one sultry Friday in August 1987, Manila became a battleground as rebel troops attempted a coup against Philippine President Corazon Aquino. Two blocks from the besieged presidential palace, insurgents opened fire on a car carrying Aquino’s only son, a bespectacled and soft-spoken 27-year-old junior insurance executive nicknamed Noynoy.
Ayala Land Inc. Chairman Fernando Zobel de Ayala, Philippine Secretary of Trade and Industry Gregory Domingo and “Miss Saigon” star Lea Salonga were among VIPs who prowled a Manila parking garage this week at a preview of Art Fair Philippines.
Philippine President Benigno Aquino said there will be no hero’s burial for the late former dictator Ferdinand Marcos under his watch. Marcos’ body had been kept in a refrigerated crypt for more than two decades in his home province in Ilocos, north of Manila.
In 1976, Philippine President Ferdinand Marcos and his acquisitive wife, Imelda, decided to depopulate an island 300 kilometers south of Manila and stock it with a menagerie of African animals. Welcome to the world’s strangest safari park.