I was doing a little research about the Philippine banks, when I came across a fact, and I searched for more details about it. Here's an excerpt from the wikipedia.org entry:
"The archdiocese is considered to be one of the richest archdioceses in the world, and the richest in the Philippines. It has a considerable number of real estate holdings located in Metro Manila and financial interests in some institutions, even after the division of its territories in the past few years. For one, the archdiocese owns 8.5% of
Bank of the Philippine Islands the Philippines' second largest bank and has shares in
San Miguel Corporation, Southeast Asia's largest food and beverage company. The archdiocese also owns schools, hostels, charitable institutions and a travel agency."
It is referring to the Roman Catholic Archdiocese of Manila. I don't mean to raise a religious debate here, or to insult religious persons, meron na kasi pati akong related thread, but since when naging business entity ang isang archdiocese, morally and legally?
Namumulat na ako sa hypocrisy ng church.