13 Jan '11, 9am

Philippine president Benigno Aquino is under fire for splurging on a luxury Porsche sportscar

MANILA - PHILIPPINE President Benigno Aquino said on Thursday he had splashed out on a luxury Porsche sportscar, sparking criticism in a country where a third of the population live on less than a dollar a day. 'It appeared to be out of character. He had campaigned against luxury cars and here he is buying a Porsche,' Milo Tanchuling, secretary general of the activist group Freedom from Debt Coalition, told AFP. 'There is a danger that it will be viewed by many as a sign of extravagance and an unnecessary flaunting of wealth amid massive poverty.' Local press cited a recent Aquino order banning government units from buying luxury cars as service vehicles. The 50-year-old bachelor said he sold his old BMW and took out a personal loan to buy the Porsche, which he said allowed him a relaxing drive amid his gargantuan responsibilities. 'I was happy with the deal because its mi...

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