We beg to differ.
“Economic experts” sprouted overnight after the Philippine Statistics Authority (PSA) released its economic data the other day. The PSA numbers showed that the Philippines moved out of recession territory with GDP growth turning positive for the first time since its tumultuous plunge last year on the back of the first lockdown which effectively shutdown the…
The problem with leftist-militant groups is they shoot a shotgun to hit all the targets and end up shooting themselves in the foot instead. I wonder how Sonny Africa, Executive Director of the leftist “think tank” IBON Foundation, will run the National Economic Development Authority (NEDA) in the unlikely event he’s appointed as its chief?…
The Delta variant just dashed the hope that a global economic recovery would begin two years into the pandemic. While most of the opinions expressed have been about pandemic response, both good and bad, the no one has dared to point out the elephant in the room that is the only clear path to putting…
Economist Cielito Habito in his Inquirer piece “Election boost” writes of his optimism that the coming elections will boost the Philippine economy “from the deepest slump seen in our part of the world as a result of the ongoing pandemic”. Why do elections perk up the economy? As everyone knows, large amounts of money go…
I keep wondering why everything that is wrong with this country is blamed on former President Ferdinand Marcos and current President Rodrigo Duterte and not the political bloc that was in power for thirty years since 1986. Marcos was in power for twenty-one. Duterte six. That’s a total of twenty-seven. You don’t need to have…
Read More “Blame on Marcos and, now, Duterte for the Philippines’ underdevelopment is a LIE” »
The US quietly pulled out of Afghanistan last week. It was actually more sneaking out as the last Americans pulled out under the cover of darkness as Alex Magno writes in his PhilSTAR piece “Defeat”. The Americans left behind the Afghans who supported their war against the Taliban, which was also their own creation at…
Appeasement or rapprochement? How it it exactly that you deal with a regional superpower like China? Among Association of Southeast Asian Nations (ASEAN) member countries, only Vietnam has fought a land and sea conflict against China. But among ASEAN also, Vietnam has the most battle-seasoned military. The Vietnam War ended relatively recently in 1975. In…
Read More “Opposition prefers a Philippine sellout to the US over working with China” »
The opposition will surely make a mountain out of a molehill about this issue of the Philippines’ “downgraded” credit rating again. https://twitter.com/PhilippineStar/status/1414713681485520896?s=19 There is, however, no basis for worry. The debt-to-GDP (gross domestic product) ratio is still manageable. The budget deficit increased but the gross international reserves of the Bangko Sentral ng Pilipinas (BSP) are…
Read More “COVID-19 Delta Variant a bigger threat than “downgraded” credit ratings” »
