Category: Economy

BusinessWeek cites Aquino anti-corruption drive in 2Q growth report

August 30, 2012 benign0 4 Comments

The National Statistical Coordination Board of the Philippine Government announced today that the Philippine economy grew 5.9 percent in the three months to the end of June 2012 over the same period in the previous year. Several news reports credited increased spending by the government and favourable perception created by the “anti-corruption” drive of Philippine…

Development, Economy, Media, Money Talks

Airbus in $7bn deal to supply aircraft to PAL

August 28, 2012 benign0 No Comments

European aviation giant Airbus has won a $7bn dollar deal to supply Philippine Airlines (PAL) with more than 50 aircraft over the next five to seven years. PAL, whose management had recently been taken over by San Miguel Corporation (SMC) after it bought a 49% stake in the airline is undergoing a massive re-fleeting program…

Economy, Money Talks, Politics

Why holiday economics makes good qualitative sense

August 15, 2012 FallenAngel 2 Comments

The Philippine calendar has quite a few holidays marked on it every year. We have regular holidays and special non-working days, all of which you can view here. Of particular interest this year 2012 is August, because aside from Ninoy Aquino Day and National Heroes Day the end of Ramadan (Eid Al-Fitr) is expected to…

Economy, Government, Money Talks

Overpopulation Atheism

August 13, 2012 Hector Gamboa 29 Comments

A couple of weeks ago when I visited Washington, DC, I came across an article by John Feehery in The Hill that used â€œPascalâ€™s Wagerâ€ in proving his point on the virtues of supporting environmental policy reforms to combat the global warming phenomenon. I think the very same line of thought can apply to the…

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Economy, Politics, Society

Metro Manila flood control master planning in chronic catch up mode over the last two decades!

August 8, 2012 benign0 12 Comments

Perhaps in this instance rather than refer to Philippine President Benigno Simeon ‘BS’ Aquino III by his catchy first two initials, he should instead be referred to as the ‘BT’ President — as in bad timing. Just two weeks before The Disaster that Could not be Named struck Manila and turned it into a real-life…

Development, Economy, Environment, Government

Could the Php 1.9 bn in flood control projects axed by Noynoy Aquino have saved Metro Manila from destruction?

August 8, 2012November 17, 2013 benign0 106 Comments

The latest deluge to hit Metro Manila once again demonstrates the sorry state of preparedness of state emergency services in the Philippines and the woefully insufficient flood control infrastructure of the country’s premier metropolis. Flooding brought about by days of southwest monsoon rains pounding the northern Philippine island of Luzon have once again paralysed vast…

Development, Economy, Government

Is Noynoy’s house of cards about to collapse?

July 29, 2012August 12, 2013 FallenAngel 34 Comments

If you’ve ever tried building a house of cards, perhaps even challenging yourself to use the entire deck of fifty-two (52), then you’ve probably realized how frustrating and exasperating it is. Even the slightest movement will cause the entire structure to collapse. You’ve got to have a very steady hand to make sure that the…

Crime, Culture, Economy, Government, Politics, Society

President Noynoy Aquino’s 2012 SONA still blames GMA and takes credit for her work

July 25, 2012July 25, 2012 Ilda 80 Comments

A news report said that President Benigno Simeon â€œBSâ€ Aquino got a total of 120 claps while delivering his third State of the Nation Address (SONA) before Congress. In Philippine society, such trivial detail seems important enough to be highlighted. It is crucial to let the public know that the President is still popular particularly…

Development, Economy, Government, Media, Politics