Wealth of the Catholic Church in the Philippines

by Jose Alejandrino

The Catholic Church is one of the wealthiest entities in the Philippines. It is exempt from tax under the 1987 Constitution. It has billions invested in corporations like BPI, Philex, San Miguel, Ayala Corporation, Phinma.
The Church has 300 million shares in BPI and is the bank’s 4th largest owner.

As of May 2011 these were valued at more than 17 billion pesos. More than 500 million shares in San Miguel Corporation are owned by three Catholic groups. Much more are invested in companies outside the Philippines, in bonds, time deposits, real estate properties.

The Spanish Catholic Church is exempt by a Concordat with the Vatican from paying property tax. The Spanish government estimated this exemption costs the State a loss in tax revenue amounting to 3 billion euros annually or the equivalent of 150 billion pesos.




The Socialist Party which is now in coalition with the Partido Popular governing Spain wants to scrap this exemption and expand tax payment to all forms of rent of Church properties including services like garbage collection. Eighty percent of Spaniards polled recently favor the Socialist measure.

When my Spanish friends visited the Philippines recently I took them to the beach. There was a group of 14 nuns who were bathing in the sea dressed in their habit. One of my friends, Macario, the police chief of Madrid, observed how lovely our nuns were, giggling and splashing in the water. I said, “Yes, they are indeed lovely. That is why Aquino’s secretary of Justice could not qualify to be a nun.”

When the nuns came out of the water to dry themselves in their wet clothes, I asked if they had anything to eat. They said no. I called the restaurant waiter and asked him to bring some food to the nuns and add it to my bill.

I asked the Mother Superior where their convent was.

She answered in Arayat, my hometown. I asked whether their convent was being subsidized by the Church. She said they had to fend for themselves and grow their own food. I was shocked that the Catholic Church which is one of the richest entities in the country was doing nothing to support its own flock.




My mind went back to what President Duterte had said about the bishops. They were living in splendor in their palaces, interfering in State matters, and neglecting their spiritual duties. Jesus had said, “Render unto Caesar the things that are Caesar’s and to God the things that are God’s.” The CBCP was not even rendering to God the things that are God’s.

It is unfortunate that its president’s first name is Socrates who was a famous Greek philosopher in 400 BC and had influenced great minds like Plato and Aristotle. His parents made a tragic mistake. They should have named him Utakless.

 

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One thought on “Wealth of the Catholic Church in the Philippines

  • February 15, 2017 at 6:02 pm
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    It is unbiblical to claim that God opposes the death penalty in all instances. we must recognize that God has given government the authority to determine when capital punishment is due Christians should never rejoice when the death penalty is employed, but at the same time, Christians should not fight against the government’s right to execute the perpetrators of the most evil of crimes. (Romans 13:1-7).

    How should a Christian view the death penalty? First, we must remember that God has instituted capital punishment in His Word (Genesis 9:6);

    therefore, it would be presumptuous of us to think that we could institute a higher standard. God has the highest standard of any being; He is perfect. This standard applies not only to us but to Himself. Therefore, He loves to an infinite degree, and He has mercy to an infinite degree. We also see that He has wrath to an infinite degree, and it is all maintained in a perfect balance.

    Second, we must recognize that God has given government the authority to determine when capital punishment is due; Romans 13:1-7).

    Genesis 9:6 NIV

    “Whoever sheds human blood, by humans shall their blood be shed; for in the image of God has God made mankind.”

    Romans 13:1-7 NIV – Submission to Governing Authorities

    Verse: 1-7

    1 Let everyone be subject to the governing authorities, for there is no authority except that which God has established. The authorities that exist have been established by God.

    2 Consequently, whoever rebels against the authority is rebelling against what God has instituted, and those who do so will bring judgment on themselves.

    3 For rulers hold no terror for those who do right, but for those who do wrong. Do you want to be free from fear of the one in authority? Then do what is right and you will be commended.

    4 For the one in authority is God’s servant for your good. But if you do wrong, be afraid, for rulers do not bear the sword for no reason. They are God’s servants, agents of wrath to bring punishment on the wrongdoer.

    5 Therefore, it is necessary to submit to the authorities, not only because of possible punishment but also as a matter of conscience.
    6 This is also why you pay taxes, for the authorities are God’s servants, who give their full time to governing.
    7 Give to everyone what you owe them: If you owe taxes, pay taxes; if revenue, then revenue; if respect, then respect; if honor, then honor.

    in addition:
    many millions people were killed by ejk and a million women were murdered by ejk for being suspected as witches without proper evidences, by VATICAN, during the early / dark ages…..

    the church approved WW1 & 2 and blessed its soldiers to go and fight the war (WW1 &2) because they thought that it will be an easy win (that killed total over 100 million).

    Early / Dark Age – 50-150 million killed plus 1 million women killed
    (suspected as witches) by vatican

    the c. church has no moral right to persistently lambast non-stop with unwarranted degrading criticisms, special prayers and special letters recited during mass and homilies and internet media against on d30 on unproven ejk killings issues and against death penalty.

    Reply

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