We beg to differ.
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…
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….
Read More “Loser mentality: Filipinos’ 500-year dependence on foreign investment” »
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…
Read More “First Quarter 7.8% annual growth in Ph economy: The Bottom Line” »
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…
Read More “Loser mentality: Filipinos’ lazy development strategy of attracting foreign investment” »
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…
Read More “President Noynoy Aquino may have a good reason for giving a no-go to charter change!” »
“Here we are again Kate… Ups and Downs.” — Dick Gordon, May 20, 2010 Days after garnering 500,000 votes in the 2010 Presidential Elections I cringe at the thought that after the second automated national and local elections to be held in the Philippines, a sizable portion of the country’s electorate is back to square one. For…
Political dilettantes talk about “enabling steps” because that’s all they know. Most people can’t tell how a chess game will go simply just by looking at the opening game. Â I think it’s actually the middle game that determines a great game from a mediocre one and the greatness of the game is not seen in…
Workers unite! But then ask the question: Unite to do what exactly? That slogan has been around for more than two centuries now, and though many “activist” elements out there might want us to believe that their “fight” was what put iPhones in our hands, WiFI signals in our living rooms, and Hong Kong vacations…
Read More “Should we junk the minimum wage law in the Philippines?” »