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

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

The Roman Catholic Archbishop of Manila, for example, owns more than 300 million shares of BPI and is the bank’s 4th largest owner. How much are these shares worth? As of May 2011, this is valued at more than P17 billion. Yes, that’s seventeen billion pesos, with a B. Aside from banking, the Roman Catholic Archbishop of Manila, together with its subsidiary hospitals and companies, is also invested in mining and construction

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I’m curious to know where this money is being spent. Where are the financial statements?

Defending their faith

What gall to imagine they are the Catholic Church. What spleen to imagine they represent the bishopric at all. What bile to call on the faithful to defend their faith.

Not least by trashing the memory of all the priests and nuns, the bishops and lay workers, who marched with the poor, fists raised in solidarity and voices sounded like trumpets at the walls of tyranny, reminding the faithful they had a faith, and their faith made them strong, and their faith made them free.

~ Conrado de Quiros in “There’s The Rub” – July 18, 2011