Category: Economy

Netizen slams PNoy’s views on OFWs in viral ‘open letter’ posted on Facebook

February 1, 2016 benign0 25 Comments

A note posted by Facebook user Lesley Dianne Siojo Cabildo containing “an open letter” to Philippine President Benigno Simeon ‘BS’ Aquino III is going viral. The letter accompanied a meme originally posted by Cabildo on the 24th August 2015. The meme (pictured below) quoted the following statement supposedly made by the president: Filipinos leave their…

Development, Economy

Next Philippine president should cut Ph dependence on easy OFW money

February 1, 2016 benign0 33 Comments

Overseas Filipino Workers (OFWs) rock. They number in the millions and, collectively, are the bedrock of the Philippine economy. They account for up to 10 percent of the value of the country’s gross domestic product (GDP) and fuel the massive expansion of the Philippines’ retail and entertainment industries. But the question most often asked about…

Development, Economy, Money Talks

Can Chinese Filipinos Make the Philippines Great Again?

January 30, 2016 zaxx 64 Comments

A mid-aged Japanese guy told me that when he was young, many products sold in his country back then were “Made in the Philippines.” Well, things have obviously changed. From being on the tipping point of becoming the next rising tiger cub of Asia ready to pounce and join the club of Singapore, Taiwan, and…

Charter Change, Development, Economy

Rise of the machines to result in net loss of 5.1 million jobs!

January 20, 2016 benign0 33 Comments

According to a report on the results of a World Economic Forum (WEF) survey conducted across 15 economies that “account for approximately 65 per cent of the world’s total workforce”, robots and artificial intelligence technology will eliminate 7.1 million jobs over the next five years. The new technologies will, however, create 2 million “new positions”…

Economy, Tech Talk

Our Banana Chips for Your Computer Microchips

January 12, 2016January 12, 2016 zaxx 36 Comments

Some years ago, a Japanese visiting professor told a Physics professor of a Philippine university that was hoping to set up some local semiconductor research capability a rather condescending joke “our microchips for your banana chips” – commenting on the level of bilateral trade/exchange our two countries had. The Physics professor, unfortunately due to the…

Economy, Technology

Filipinos Want Snow

January 9, 2016 zaxx 54 Comments

Another Christmas has just passed, and here we go again on another cycle of facing a new year which will later build up in excitement and anticipation on the supposedly colder “ber” months leading towards that long awaited Christmas Eve. To many who have lived in a land where the closest thing to winter is…

OFW party could be over for the Philippines as Saudi Arabia runs out of money

January 6, 2016 benign0 24 Comments

A CNN Money reports today that the Kingdom of Saudi Arabia is running out of money. This bit of news is practically unsurprising considering the drastic movements in the traditional energy market seen in recent months. Within less than two years, oil prices have dropped from $100 per barrel to just $36. Why is this…

Economy, Lifestyle

4 Ways The Cycle Of Poverty Proliferates In The Philippines

January 3, 2016 Grimwald 48 Comments

It seems that Zaxx’s statements in his last article is earning quite a bit of attention from our readers, both positive and negative alike. While Zaxx’s proposals may seem harsh, I can safely assume that many of his opinions regarding that of squatters is because of the many problems they cause to society as a…

Culture, Development, Economy, Government, Politics, Religion, Society