Category: Money Talks

Money matters. Indeed it does. How to make it, how to manage it when you get it, and how to spend it when you have too much of it.

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

Is Robert Carabuena worth the trouble to Philip Morris?

August 16, 2012 benign0 65 Comments

Quite unfortunate for Robert Blair Carabuena that he is employed by global tobacco giant Philip Morris International. It does not help the man whose reputation is currently being carpetbombed across social media that he is employed by what is also a much-demonised industry. Carabuena is currently under fire after he was caught on camera assaulting…

Crime, Culture, Money Talks

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

Social Media and Big Telco emerge as Filipino heroes

August 9, 2012August 9, 2012 benign0 3 Comments

In another one of its infomercial articles that it would like to pass off to the average sucker as a news “report”, ABS-CBN trumpeted another one of those dubious “achievements” Filipinos owe mainly to their enormous population — our undisputed place in the global scheme of things as the “social media capital of the world”….

Development, Environment, Money Talks, Politics

Should celebration of Catholic masses be allowed in shopping malls?

July 16, 2012April 16, 2014 benign0 13 Comments

The archdiocese of New York City (NYC) recently implemented a ruling that puts an end to a 26-year tradition of the Filipino community in that city of celebrating their Simbang Gabi pre-Christmas late night masses at the Philippine Center in Fifth Avenue. Last December 2011, NYC Archbishop Timothy Cardinal Dolan had allowed the masses to…

Culture, Lifestyle, Money Talks, Religion

CNN report on Philippine economy barely comes across as news

July 16, 2012 benign0 51 Comments

The Philippines has long had an economy propped up by consumption binges that are funded by overseas employment that sucks the substance out of the society from the inside, and outsourced work that turns the country’s brightest grads into red-eyed parrots. It all sounds awfully familiar. And why shouldn’t it? The above paragraph may as…

Development, Economy, Money Talks

Understanding the BS in being a ‘breakout nation’

July 9, 2012 benign0 6 Comments

In its most recent rah-rah story about how the government of President Benigno Simeon “BS” Aquino III has so far been the heroic beacon of progress as was “promised” during the campaign, “social news network” site Rappler.com has quoted Ruchir Sharma, head of Emerging Market Equities and Global Macro at Morgan Stanley Investment Management who,…

Development, Economy, Government, Media, Money Talks