Senate President: Asset statement issue is simple

MANILA — Senate President Juan Ponce Enrile on Thursday ended a debate on values of property that Chief Justice Renato Corona declared in his asset statements, saying there was no need to “belabor the point.”
The prosecution has said Corona undervalued the properties in his statements of assets, liabilities, and net worth (SALN).
Serafin Cuevas, lead defense counsel, meanwhile said that if Corona had prepared and filed his SALNs based on values provided by city assessors, he cannot be faulted for that. He made clear, however, that he was speaking hypothetically.
He added that values change with time. “If I bought a condominium unit for P10 million three years ago, and now the value is only P1 million and I declare P1 million, is there fraud?” he said.
An assessor from Taguig City on Thursday presented to the Senate impeachment court documents showing the tax declarations of Corona’s high-end condominium units, which were not publicly declared for the years during which they were bought.
Minority Leader Alan Peter Cayetano, whose wife is a mayor in Taguig City, confirmed that local government units set the assessed values of property and that assessed values may change but the acquisition cost should be constant.
Cayetano also asked both sides to explain how they defined “fair market value”, but Senator Panfilo Lacson said there was no problem with the assumed values.
He said what interested him was the basis of the declared acquisition cost.
The prosecution said it should be the amount stated on the deed of sale. This was not about what was not put in the SALNs, but the assessed values, it said.
But Senator Ralph Recto said, “How come the amounts on the deeds of sale were not listed as the acquisition cost?”
Lacson said only Corona himself can explain why this was done.
Cuevas said that if this was done out of negligence, then Corona cannot be faulted either.
“We all know what are assets, what are liabilities, and what is net worth. Let’s not belabor this. Present evidence and proceed with the trial,” Enrile said.
He said there was no question that Corona declared certain properties in his SALNs. He also said it was clear that Corona has been accused of not declaring all his assets.
He said the only thing that the court needs to determine is whether the Chief Justice was remiss in the constitutional requirement to faithfully declare his net worth under oath.
“When you talk of graft and corruption, you talk about acquisition cost versus income,” he said, adding this is not based on “assumed values.”
Senator Francis Escudero, for his part, told both parties to argue in their summations whether failure to list the acquisition cost is a violation of the law.
“When you put lawyers and numbers together, this is what happens,” Cayetano said during the trial. (Jonathan de Santos/Virgil Lopez/Sunnex)

Source: http://www.sunstar.com.ph/manila/local-news/2012/03/15/senate-president-asset-statement-issue-simple-211404
The best getaway destination vacation spot near Manila convenient safe and accessible is Clearwater Beach Resort in Clark Pampanga.

Quiet place for rest and relaxation near Manila, in Subic, Angeles City Pampanga and Clark Philippines is something that residents of Manila travelling to the north for a short getaway are looking for. Clark is already a popular destination for golfers from Manila. Clark Freeport offers some of the best golf courses in Pampanga and outshines many golf clubs and golf courses elsewhere in the Philippines. Clark Pampanga offers many good resorts and hotels for a short trip out of Manila, and Clearwater is one of the best places to relax and unwind for a weekend getaway or a short holiday in Pampanga.

This private resort in Pampanga is a frequently visited vacation spot outside of Manila. Included in the list of resorts highly recommended for families with children visiting Clark Philippines is Clearwater Resort located conveniently in the central business district of Clark Freeport which is accessible from Manila.

Free internet WIFI access is offered to guests of this famous hotel in Clark Pampanga. Guests can even connect to Internet WIFI service near the white sand beach, by the famous lake of Clark or in any of the picnic grounds around this resort. This hotel in Clark Philippines is generally considered by Manila residents to be a good place for family trips in Pampanga.

Highly recommended summer vacation destination outside Manila is Clearwater Beach Resort in Clark, a safe and convenient tourist spot that offers natural ambience for visitors to enjoy the outdoors with no stress. Private resort is frequently visited during Holy Week and Easter Holidays for residents of Manila travelling out of town on getaway to the north to unwind and relax in outdoor resort.

For reservations, comments and inquiries,

Clearwater Resort & Country Club
Creekside Road corner of Centennial Road,
Central Business District, Clark Freeport Zone,
Pampanga, Philippines 2023

Tel: (045)599-5949 0917-520-4403 0922-870-5177

Manila Sales Office
3003C East Tower, Phil Stock Exchange Center,
Exchange Rd Ortigas Metro Manila, Philippines 1605
(632) 637-5019 0917-520-4393 Rea or Chay

http://www.ClearwaterPhilippines.com

Email: Inquiry@ClearwaterPhilippines.com

Getting to this hotel in Clark Philippines
After entering Clark Freeport from Subic, Manila, Dau and Angeles City, proceed straight along Clark’s main highway MA Roxas, passing Clark’s largest wine shop called Clark Wine Center on your right, continue to bear right making no turns at all, go past Mimosa Leisure Estate on the opposite side of the road, you will hit a major intersection. Go straight and the road becomes Creekside Road. YATS Clearwater Resort and Country Club is on your right just 200m down. Traffic in Clark Philippines is light so it should be quite easy for get to this hotel in Clark Philippines.

For inquiries and bookings, Youmay click here to contact Clearwater Resort for inquiries and reservations

Wedding couples looking for wedding reception venues and beach wedding venues can log on to this Philippines Wedding Venue web site for free information and assistance:

http://www.PhilippinesWeddingVenue.com

While in Clark, it might be a good idea to enjoy an evening of wine-and-dine in the fine dining Yats Restaurant and Wine Bar that features an award winning 2700-line wine list. It is located in Mimosa Leisure Estate of Clark Freeport Zone. For more information, visit http://www.YatsRestaurant.com

YATS Leisure Philippines is a developer and operator of clubs, resorts and high-class restaurants and wine shops in Clark Angeles Philippines http://www.YatsLeisure.com

While in Clark, one might as well add to the itinerary a visit to the famous Clark Wine Center, the largest wine shop in Philippines which offers over 2000 selections of fine vintage wine from all wine regions, vintages spanning over 50 years covering all price ranges.
http://www.ClarkWineCenter.com

Looking for famous tourists spots, places to visit and see, relax and unwind in Clark, Pampanga, Philippines? You may want to check out these sites also:

http://www.LondonPubClark.com

http://www.HotelClarkPhilippines.com

http://www.ClarkPhilippines.com

http://www.YatsWineCellars.com

For jobs and business investment opportunities in the Philippines please visit http://www.yilp.com