Gordon Campbell | Parliament TV | Parliament Today | News Video | Crime | Employers | Housing | Immigration | Legal | Local Govt. | Maori | Welfare | Unions | Youth | Search

 

Filipino Migrants Question ANZ Bank's Ethics

PRESS RELEASE
September 26, 2008

Filipino Migrants Question ANZ Bank's Ethics

A group of Filipino workers is backing the Finsec union in its opposition to staff reductions at the ANZ bank.

Migrante Aotearoa, an Auckland based migrant Filipino worker organisation says ANZ’s treatment of its loyal workforce is deplorable but totally in line with its behaviour in the global arena.

Mr Maga says the bank is a large shareholder in the Oceana Didipio gold – copper mining project in the Phillipines which has caused widespread community displacement, human rights violations, economic dislocation, environmental devastation and social disputes in the national minority communities in Kasibu, Nueva Vizcaya.

“In New Zealand ANZ is preparing to throw hundreds of employees out of work. In the Phillipines the very same bank has investments in large scale mining that threatens poor peasants and indigenous peoples with eviction from their ancestral lands.

“Its time for the ANZ shareholders to be asking some hard questions about what sort of company they are part of.”

ENDS


Reference:

According to the Kalikasan, an environment advocacy network in the Philippines, the project of OceanaGold Corporation, a mining company listed on the Toronto, Australian and New Zealand stock exchanges under the symbol "OGC," has caused widespread community displacement, human rights violations, economic dislocation, environmental devastation and social disputes in the national minority communities in Kasibu, Nueva Vizcaya.

ANZ is listed as second in the top twenty shareholders in the mining company's report, holding 16.65% of the shares. It is also the largest holder of listed options with 13.80% of the total fully paid shares.

Kalikasan also noted that ANZ financed the Lafayette Polymetallic Project in Rapurapu, Albay. Lafayette, operator of Rapurapu flagship mining project of the Arroyo government, have entered into voluntary administration and filed for bankruptcy. The mining operation faced intense opposition from local residents and their supporters after it caused several fish kills, mine spills, massive environmental destruction and other negative impacts to the health and livelihood of the residents.


ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On The Life And Times Of Peter Dunne

In the end, Mr Pragmatic calmly read the signs of impending defeat and went out on his own terms. You could use any number of clichés to describe Peter Dunne’s exit from Parliament.

The unkind might talk of sinking ships, others could be more reminded of a loaded revolver left on the desk by his Cabinet colleagues as they closed the door behind them, now that the polls in Ohariu had confirmed he was no longer of much use to National. More>>

 

Gordon Campbell: On Labour’s Campaign Launch

One of the key motifs of Ardern’s speech was her repeated use of the phrase – “Now, what?” Cleverly, that looks like being Labour’s response to National’s ‘steady as it goes’ warning against not putting the economic ‘gains’ at risk. More>>

ALSO:

Lyndon Hood: Social Welfare, Explained

Speaking as someone who has seen better times and nowadays mostly operates by being really annoying and humiliating to deal with, I have some fellow feeling with the current system, so I’ll take this chance to set a few things straight.. More>>

ALSO:

Deregistered: Independent Board Decision On Family First

The Board considers that Family First has a purpose to promote its own particular views about marriage and the traditional family that cannot be determined to be for the public benefit in a way previously accepted as charitable... More>>

ALSO:

Transport Policies: Nats' New $10.5bn Roads Of National Significance

National is committing to the next generation of Roads of National Significance, National Party Transport Spokesperson Simon Bridges says. More>>

ALSO:

Gordon Campbell: On Why Labour Isn’t Responsible For Barnaby Joyce

As a desperate Turnbull government tries to treat the Barnaby Joyce affair as a Pauline Hanson fever dream – blame it on the foreigners! We’re the victims of the dastardly New Zealand Labour Party! – our own government has chosen to further that narrative, and make itself an accomplice. More>>

ALSO:

Rail: Greens Back Tauranga – Hamilton – Auckland Service

The Green Party today announced that it will trial a passenger rail service between Auckland, Hamilton and Tauranga starting in 2019, when it is in government. More>>

ALSO:

Housing: Voluntary Rental Warrant Of Fitness For Wellington

Wellington City Council is partnering with the University of Otago, Wellington, to launch a voluntary Rental Warrant of Fitness for minimum housing standards in Wellington, Mayor Justin Lester has announced. More>>

ALSO:

 
 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

Featured InfoPages

Opening the Election