Category: Economy

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

Posted on 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 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

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

Posted on 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

The Quest Endures…

Posted on By P. Farol 18 Comments on The Quest Endures…
The Quest Endures…

“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…

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Charter Change, Development, Economy

Why Enabling Steps Are Not Enough

Posted on By P. Farol 47 Comments on Why Enabling Steps Are Not Enough
Why Enabling Steps Are Not Enough

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.  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…

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Charter Change, Culture, Development, Economy

Should we junk the minimum wage law in the Philippines?

Posted on By benign0 46 Comments on Should we junk the minimum wage law in the Philippines?
Should we junk the minimum wage law in the Philippines?

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…

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Development, Economy, Lifestyle, Politics

The Rediscovery and Re-enchantment of Our Humanity: in Honor of the May Day and In Defense of the Global Occupy Movement

Posted on By Jose Mario de Vega 8 Comments on The Rediscovery and Re-enchantment of Our Humanity: in Honor of the May Day and In Defense of the Global Occupy Movement
The Rediscovery and Re-enchantment of Our Humanity: in Honor of the May Day and In Defense of the Global Occupy Movement

The present times are complicatedly so fast and furious. So fast the pacing that we forget to stop and pause to enjoy the quality time with our family and savor the moment with our friends! We are so concern with so many pressing issues and material needs that we forgot the importance of silence, of…

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Civics, Economy, Lifestyle, Society