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Top one percent control a third of China’s wealth–study

A Chinese man smokes inside his tricycle as he waits for customer outside a shopping mall in Beijing, China on July 16. AP

The top one percent of households in communist-ruled China control more than one third of the country’s wealth, while the bottom 25 percent control just one hundredth, official media said, citing an academic report.

Posted: July 26th, 2014 in Latest News Stories,World | Read More »

Cayetano calls for freezing, forfeiture of ‘pork’ scam players’ wealth

Senator Alan Peter Cayetano.   INQUIRER FILE PHOTO

The Office of the Ombudsman was urged by a senator on Friday to start forfeiture proceedings on the properties allegedly obtained by Janet Lim-Napoles, certain senators and individuals through the P10-billion pork barrel scam.

Posted: June 6th, 2014 in Latest News Stories,Nation | Read More »

Who are the 10 richest Cabinet members?

Albert Del Rosario

Foreign Affairs Secretary Albert del Rosario is still the richest member of President Benigno Aquino III’s Cabinet, even increasing his wealth by almost P60 million in 2013.

Posted: May 28th, 2014 in Latest News Stories,Nation | Read More »

SALN shows Aquino richer by P1.3 million in 2013

President Benigno Aquino III. INQUIRER.net FILE PHOTO

President Benigno Aquino III earned P1.3 million pesos in his latest statement of assets and liabilities net worth (SALN), Inquirer Radio 990AM reported on Friday.

Posted: May 2nd, 2014 in Latest News Stories,Nation | Read More »

Uruguay’s leader declares $322,883 in wealth

In this Oct. 25, 2009, file photo Uruguay's President Jose Mujica stands in a tractor on his flower farm on the outskirts of Montevideo, Uruguay. Uruguay's president has been labeled “the poorest president in the world,” but his sworn declaration in 2014 shows a 74 percent increase since 2012. AP

Uruguayan President Jose Mujica has declared $322,883 in wealth.

Posted: April 16th, 2014 in Latest News Stories,World | Read More »