Nardong putik children
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The seven Ms of dynasty building
Wednesday, March 14th, 2007
FERDINAND Marcos recognized the power of money and amassed a world-class fortune during his presidency. [PCIJ photo] |
1. MONEY
The families that endure and survive political upheaval are more likely to be those that have a sustainable economic base to finance their participation in electoral battles. Philippine elections are costly — a congressional campaign in 2004, according to campaign insiders, could have cost up to P30 million in Metro Manila. In rural areas, the price tag is much less: P10 million on average, although campaigns can be run for P3 million or less in smaller districts where the competition is not too intense.
The investment may be worth it, as the rates of return can be high, depending on how well congressional office is exploited. Historically, families have been able to use their positions to expand their landholdings or their business empires, using their preferential access to privileges from the state — loans, franchises, monopolies, tax exemptions, cheap foreign exchange, subsid
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Island Cove (Cavite)
Island and gambling complex in Cavite, Philippines
Island Cove was an online gambling complex primarily owned and controlled by Chinese nationals in Island Cove and Animal Island in Kawit, Cavite, Philippines.
It was originally a resort and leisure park called "Covelandia Island Resort", which then closed in 2018, then reopened under the name "Island Cove Resort and Leisure Park" or simply as "Island Cove" in 2021. Both were owned by the Remulla political family before it hosted a hub for Philippine Offshore Gaming Operators (POGOs). The site was operated by the Philippine Amusement and Gaming Corporation (PAGCOR) before it was shut down in 2024.
Island Cove used to be known as Pulo ni Burunggoy (transl. Burunggoy's Island).[1]
History
As a resort
The two islands used to be a property owned by the Remulla political family. It hosted a resort and leisure complex twice; the first being Covelandia Island Resort which operated in the 1970s to the 1980s,[2] and the second being Island Cove Resort and Leisur
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