We beg to differ.
The Opposition continues to use the late former President Ferdinand Marcos as a scapegoat for the state of the Philippine economy. They refuse to acknowledge the validity of Marcos’s economic strategy from the beginning of his first term which was to focus on rebuilding infrastructure destroyed during World War II. After the declaration of martial…
The Opposition has been nitpicking about the GDP turning positive the other day as announced by the Philippine Statistics Authority (PSA). Even Sharon Cuneta weighed in. Now it’s the Professor Emeritus of the UP Economics Department who now puts in her two cents on the back of what is, by now, an all-too-familiar script —…
What is Foreign Direct Investment? Foreign Direct Investment (FDI) as defined by the Organization for Economic Cooperation and Development (OECD) is “a category of cross-border investment in which an investor resident in one economy establishes a lasting interest in and a significant degree of influence over an enterprise resident in another economy. Ownership of 10…
Read More “Foreign Direct Investment in the Philippines – January through May 2021 report” »
“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” »