Estrada Sues Alfonso Yuchengco and Philippine Daily Inquirer

What else is new? Joseph Estrada files a libel suit against Alfonso Yuchengco and the Philippine Daily Inquirer for their reports about him blackmailing Alfonso Yuchengco to sell his PLDT shares.

Joseph Estrada really hates the Philippine Daily Inquirer doesn't he? Remember the ad boycott of the Philippine Daily Inquirer ordered during his Presidency? The guy's a really bully isn't he?

It also makes you wonder whether it's worth it to invest in the Philippine stock market if one can be pressured politically to sell your shares. It may not affect you if you're a small investor, but a major investor would think twice before buying shares in the Philippines if things like this can happen.

And to think I was thinking of buying a significant block of BPI and Jollibee. Tsk...