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Category: Economy

Fitch Ratings upgrade: Will the Philippines’ new ‘investment grade’ status spell good times ahead?

Posted on March 28, 2013October 10, 2013 By benign0 40 Comments on Fitch Ratings upgrade: Will the Philippines’ new ‘investment grade’ status spell good times ahead?
Fitch Ratings upgrade: Will the Philippines’ new ‘investment grade’ status spell good times ahead?

In John Landis’s 1983 hit movie Trading Places, Billy Ray Valentine, a bum and hustler played by Eddie Murphy is picked up from the streets, cleaned up and dressed in an expensive business suit as part of an experiment instigated by wealthy brothers Randolph Duke and Mortimer Duke. The made-over Valentine is then set up…

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Development, Economy

Non Sequiturs are poor policy, and even worse credit references

Posted on March 26, 2013 By BenK 4 Comments on Non Sequiturs are poor policy, and even worse credit references
Non Sequiturs are poor policy, and even worse credit references

If there is one thing that has been thoroughly regrettable about the apparent economic progress of the Philippines in the Aquino 2.0 era, it is that it has led the Administration to believe that what it is doing is actually working. Perhaps we should not judge them too harshly for that – after all, far…

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Economy, Money Talks, Politics

End of the road for Filipino Hong Kong residency hopefuls

Posted on March 26, 2013March 26, 2013 By benign0 25 Comments on End of the road for Filipino Hong Kong residency hopefuls
End of the road for Filipino Hong Kong residency hopefuls

Looks like one of the last big frontiers of the Filipino migrant has pretty much shut its doors to a big chunk of Filipino humankind. Reportedly ruling that Filipino domestic workers are not “ordinarily residents” in the territory and that they temporarily reside there under contracts that tie them to “finite stints of temporary employment,”…

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Economy, Lifestyle

One Night at a Liberal Party Fundraiser: What Team P-Noy Can Learn from Baguio’s Local Liberals

Posted on March 20, 2013 By MidwayHaven 6 Comments on One Night at a Liberal Party Fundraiser: What Team P-Noy Can Learn from Baguio’s Local Liberals
One Night at a Liberal Party Fundraiser: What Team P-Noy Can Learn from Baguio’s Local Liberals

Photo courtesy of Time.com I couldn’t help but smirk when I found out that Team P-Noy’s election rally was a dud here in Baguio last Sunday (17 March 2013). Melvin Jones field, with a capacity of 5,000 people, managed to gather less than 1,500 attendees, even under fair weather. Though their pet media outlets would…

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Economy, Environment, Government, Media, Politics, Society

Annoyed by Anti-Monopoly Policy, PAL Puts Airport Plans on Hold

Posted on March 12, 2013 By BenK 15 Comments on Annoyed by Anti-Monopoly Policy, PAL Puts Airport Plans on Hold
Annoyed by Anti-Monopoly Policy, PAL Puts Airport Plans on Hold

In a press briefing last week, Philippine Airlines (PAL) President and CEO Ramon S. Ang announced that the airline’s plans to construct a $6 billion airport as an alternative to the outdated and overcrowded Ninoy Aquino International Airport were being put on hold. According to the Philippine Star (which still insists on calling the privately-owned…

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Development, Economy, Money Talks

What sequestration means for the Philippines

Posted on March 2, 2013March 2, 2013 By BenK 5 Comments on What sequestration means for the Philippines
What sequestration means for the Philippines

At the very end of 2012, the US media and public was gripped with near-panic over what was then called the “fiscal cliff,” a combination of tax increases and a programmed series of government spending cuts that was to automatically take effect on January 1 of this year. Just as the deadline passed, the US…

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Development, Economy, Money Talks

Raising Standards for Domestic Workers

Posted on March 1, 2013November 20, 2014 By BenK 1 Comment on Raising Standards for Domestic Workers
Raising Standards for Domestic Workers

Although the record of the current administration of the Philippines with respect to regulating labor has been unimpressive so far, Republic Act 10361, also known as the Batas Kasambahay or “Domestic Workers’ Act,” which took effective on February 10, is a notable exception. The law, which was signed by President Aquino on January 18, provides…

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Culture, Economy, Money Talks

Making sense of EDSA I, 27 years down the yellow brick road

Posted on February 28, 2013September 10, 2013 By FallenAngel 3 Comments on Making sense of EDSA I, 27 years down the yellow brick road
Making sense of EDSA I, 27 years down the yellow brick road

In past years, the dates of the EDSA People Power revolution were declared national holidays. This means even workers had the day off. This year, though, it seems only students had the day-off. People with jobs had to go to work. For those who normally going through EDSA, it would mean slugging it out in…

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Culture, Development, Economy, Government, Politics, Society

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