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Category: Economy

Why is a $1bn deposit to the IMF such a big deal?

Posted on June 23, 2012 By benign0 21 Comments on Why is a $1bn deposit to the IMF such a big deal?
Why is a $1bn deposit to the IMF such a big deal?

Over the last several days, I’ve been getting snippets of news and information lately about a USD 1 billion loan extended by the Philippines to the International Monetary Fund (IMF). The first I heard of it was in a “news” article that came across as a trumpeting of how the Philippines is now a “net…

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Economy, Government, Money Talks

Is the Philippine government hell-bent on milking poor OFWs of money?

Posted on June 21, 2012June 21, 2012 By Ilda 110 Comments on Is the Philippine government hell-bent on milking poor OFWs of money?
Is the Philippine government hell-bent on milking poor OFWs of money?

Another lawmaker has thought of a brilliant way to make money out of our hardworking and mostly cash-strapped Filipino overseas foreign workers (OFWs). Congresswoman Ma. Theresa Bonoan-David authored a bill that would increase the contribution of every departing OFW to the Overseas Workers Welfare Administration (OWWA) from $25.00 to $50.00 (Php2,400). Unsurprisingly, her bill is…

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Economy, Government, Politics

When it rains, it pours: weathering the Filipino calamity

Posted on June 3, 2012 By FallenAngel 4 Comments on When it rains, it pours: weathering the Filipino calamity
When it rains, it pours: weathering the Filipino calamity

Starting this week, we still living here in the Philippines encountered the first bouts of deluge that are a sure sign of the arrival of the rainy season. With the advent of the rainy season, the start of the school season comes along with it too. Expect there to be heavy traffic starting tomorrow, as…

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Culture, Economy, Environment, Government, Society

MBC and MVP inflate the significance of the impeachment trial to economic progress

Posted on May 30, 2012 By a 4 Comments on MBC and MVP inflate the significance of the impeachment trial to economic progress
MBC and MVP inflate the significance of the impeachment trial to economic progress

Partisan social news network Rappler recently published an article, narrating the local businessmen’s joy over Renato Corona’s conviction in his impeachment trial. Businessmen lauded the results of the over 4-month-long impeachment trial of former Supreme Court Chief Justice Renato Corona that was sealed by a 20-3 votes of senator judges on Tuesday, May 29. “Our…

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Economy, Money Talks, Politics, Society

What does the acronym AI signify to you as a Filipino?

Posted on May 29, 2012 By FallenAngel 14 Comments on What does the acronym AI signify to you as a Filipino?
What does the acronym AI signify to you as a Filipino?

All right, all right. American Idol is yesterday’s news. Jessica Sanchez lost. Pinoys still suck, and they’re still stuck with the government they deserve whatever the outcome of the circus, I mean, impeachment trial is. Plus, Manny Pacquiao has a fight coming up in about two (2) weeks, so I don’t think that will be…

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Culture, Economy, Politics, Society, Tech Talk

Run for the banks! Senator Judges behold the return of the ‘S’ word: SEQUESTER

Posted on May 21, 2012 By benign0 32 Comments on Run for the banks! Senator Judges behold the return of the ‘S’ word: SEQUESTER
Run for the banks! Senator Judges behold the return of the ‘S’ word: SEQUESTER

Unintended consequences — the evil spawn of those famous last words: It seemed like a good idea at the time. It’s the cancerous mass-thinking process that latches humanity onto the glitzy, glossy, mind candy of easy shortcuts and quick fixes fuelled by sef-important notions of what one considers to be “noble” goals. “Cheaper faster better”…

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Civics, Crime, Economy, Government, Politics

Off Loading Tells You ‘We Don’t Care’

Posted on May 19, 2012 By Don 15 Comments on Off Loading Tells You ‘We Don’t Care’
Off Loading Tells You ‘We Don’t Care’

In the past twelve months, I flew to Laoag, Masbate, Legaspi, Kuala Lumpur, Zamboanga and Cagayan De Oro. My favorite carrier of choice then was Air Phil because of their low fares. Unfortunately, this changed when my pop-up display booths were off-loaded when I took an Air Phil flight to Zamboanga last December 2011. This…

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Civics, Economy, Lifestyle, Society

Coin Hoarding and Microfinance

Posted on May 14, 2012May 15, 2012 By a 4 Comments on Coin Hoarding and Microfinance
Coin Hoarding and Microfinance

Low-income families struggling to get by might be in big trouble as Senator Manuel Lapid filed a bill that might suck the good ol’ piggy banks dry. Senator Manuel Lapid has filed a bill to penalize the hoarding of coins to avoid coin shortage. Citing figures from the Bangko Sentral ng Pilipinas (BSP), Lapid said…

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Economy, Money Talks

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