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Category: Economy

The Philippines: One Big Broken Promise to investors

Posted on June 25, 2013 By benign0 3 Comments on The Philippines: One Big Broken Promise to investors
The Philippines: One Big Broken Promise to investors

Hardly surprising. Much of the “gains” in the Philippine economy scored by the administration’s media lackeys and spin doctors mainly on the basis of a prolonged bullish run by the share market is turning out to be no more than smoke-and-mirrors. A surging sharemarket in essence says nothing about the underlying substance of a national…

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Economy, Money Talks

Singapore haze: Airborne waste from slash-and-burn agriculture descends upon the wealthy enclave

Posted on June 24, 2013 By benign0 1 Comment on Singapore haze: Airborne waste from slash-and-burn agriculture descends upon the wealthy enclave
Singapore haze: Airborne waste from slash-and-burn agriculture descends upon the wealthy enclave

Singapore — resource-poor and dependent on services, exports, and tourists — is reeling from the effects of smog reportedly coming mainly from waste being burned in Indonesia’s palm plantations. For days, a haze has blanketed the prosperous city-state and the “smell of burning wood” has seeped into buildings making residents’ efforts to avoid its effects…

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Economy, Environment

Pining for Manila’s Old Glory is a Sign of a Lack of Vision (Part Two)

Posted on June 16, 2013 By P. Farol 6 Comments on Pining for Manila’s Old Glory is a Sign of a Lack of Vision (Part Two)
Pining for Manila’s Old Glory is a Sign of a Lack of Vision (Part Two)

I left off my previous post with a paragraph that had the sub-heading, “Without a Vision, Reviving Manila is a Lost Cause”.  SOS Save Manila Bay’s woeful calls for “environmental” and “heritage” preservation is as shallow and meandering as the silted Pasig River that disgorges its black sewerage water into Manila bay. Why? It’s not…

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Development, Economy, Environment

Philippine economic growth rate and credit rating upgrade not enough to keep unemployment down

Posted on June 14, 2013June 14, 2013 By Ilda 22 Comments on Philippine economic growth rate and credit rating upgrade not enough to keep unemployment down
Philippine economic growth rate and credit rating upgrade not enough to keep unemployment down

If you want to know how the Philippine economy is doing, you will find it hard to get a straightforward answer from the mainstream media. There’s enough spin to counteract every piece of bad news out there to do your head in. It seems the Philippine government is doing its best to project an image…

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Development, Economy, Media

Loser mentality: Filipinos’ 500-year dependence on foreign investment

Posted on June 13, 2013July 8, 2015 By benign0 10 Comments on Loser mentality: Filipinos’ 500-year dependence on foreign investment
Loser mentality: Filipinos’ 500-year dependence on foreign investment

To understand the fundamental flaw in the idea of the Philippines’ relying on a strategy of counting on “foreign investment” to rescue its people from their own self-created wretchedness, it is important to understand the equally fundamental definition of poverty. Quite simply: Poverty is a habitual entering into commitments one is inherently unable to honour….

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Charter Change, Development, Economy

First Quarter 7.8% annual growth in Ph economy: The Bottom Line

Posted on June 3, 2013 By benign0 4 Comments on First Quarter 7.84 annual growth in Ph economy: The Bottom Line
First Quarter 7.8% annual growth in Ph economy: The Bottom Line

Reports of economic growth in the Philippines as measured by its Gross Domestic Product (GDP) reaching an annualised 7.8 percent in the first quarter of the year is sending waves of optimism rippling across Philippine society. One of the centrepieces of the newly-booming economy put up by recent reports on this economic phenomenon such as…

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Economy, Money Talks

Loser mentality: Filipinos’ lazy development strategy of attracting foreign investment

Posted on May 28, 2013May 28, 2013 By benign0 33 Comments on Loser mentality: Filipinos’ lazy development strategy of attracting foreign investment
Loser mentality: Filipinos’ lazy development strategy of attracting foreign investment

The title of today’s Inquirer.net editorial Excess money says it all. There is enough money swirling around in the domestic economy to fund significant capital expansion. Big Philippine banks manage a big chunk of these funds. Trouble is, as the Inquirer editor observes, “banks choose to park these funds at the Bangko Sentral ng Pilipinas…

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Development, Economy, Lifestyle

President Noynoy Aquino may have a good reason for giving a no-go to charter change!

Posted on May 22, 2013 By benign0 45 Comments on President Noynoy Aquino may have a good reason for giving a no-go to charter change!
President Noynoy Aquino may have a good reason for giving a no-go to charter change!

In a pre-emptive strike on the whole discussion around ‘charter change’ that is likely to come up after the opening of the 16th Congress in July, President Benigno Simeon “BS” Aquino III issued his two cents on the matter of foreign ownership of land in the Philippines. “I don’t think they are necessary detriment to…

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Charter Change, Development, Economy

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