We beg to differ.
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.
Assets are good and liabilities are bad. Having more assets than liabilities is good and having more liabilities than assets is bad. But why do total assets and total liabilities in a business’s balance sheet always “balance” (i.e. always equal each other)? It’s not really that mysterious. Balance sheets are just snapshots taken at a…
Read More “Finance 101 Lesson 1: Why do balance sheets balance?” »
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…
Get Real Post blogger Ilda wrote an article about manufacturing as a potential economic driver for the Philippines. And as it turns out, economists tuned in to the Philippine economy has the same thing in mind. Filipino chipmakers must graduate to assembling iPads while churning out Oscar-winning animation to generate more jobs and sustain economic…
With growth in big developed economies all but flatlining, what do firms — investment banks and securities trading houses — whose entire business models hinge upon “growth” ad infinitum turn to? Where else but to ever more volatile and unreliable “emerging markets”. The Philippines is in one of these arbitrary lists of “emerging” economies —…
Read More “Businessweek’s business of talking up the Philippine economy” »
The lessons learnt from outsourcing was long in coming. “Cheap” manufacturing meant taking “cost” advantage of foreign exchange and purchasing power disparities between rich nations and poor ones. And the low costs that were outcomes of these arrangements were bandied as “efficiency gains” in the home market despite no real operating efficiencies being actually realised…
Read More “Repatriation of workers should match a repatriation of jobs” »
Flag carrier Philippine Airlines (PAL) is up for a long-overdue $500 million to $1 billion fleet modernisation program following full takeover of management control by San Miguel Corporation (SMC). SMC had recently acquired 49 percent of publicly-listed PAL Holdings which gives SMC an indirect 40 percent stake in Philippine Airlines. SMC president Ramon S. Ang…
Amidst the political turmoil that continually pervades our country, a strong and passionate plea reverberates among the mouths of the marginalized. Amidst the slums of the Philippines echoes the unswerving determination of the less-fortunate to assert what they want from the government, as shown by the series of protests conducted by advocacy groups across the…
I remain convinced that America’s immense creative and commercial energy will shine through whatever social order is imposed on it; much the same way as the might of Chinese entrepeneurial and industrial ethic managed to thrive in the repressive communist regime of the mainland as well as in even most the dysfunctional and corrupt governments…
Read More “Counter-intuitive solutions to fixing the Philippine economy” »