We beg to differ.
It’s easy to blame higher rice prices on the previous administration for passing the rice tarrification law when one conveniently forgets the corruption that came with rice import permits. Importers were openly paying farmers’ cooperatives to apply for permits which they used to import rice. The cooperatives didn’t have the financial capacity to import which…
It was then incoming Secretary of Finance Carlos Dominguez who set the administration’s 0-10 point socio-economic agenda which was basically the key performance indicators (KPIs) set by the administration for what it expected to achieve by the time its term ended. I tend to disagree to the scores Inquirer columnist Peter Wallace laid out in…
It is the Opposition that has been causing the distraction from Day One of the administration of President Rodrigo Duterte and not, as Boo Chanco asserts in his PhilSTAR column “Distracted leadership”, the president. According to Chanco, “Duterte has always been distracted since the start of his term. There has been little decent policymaking on…
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” »
Devolution. This was the spirit in which Nene Pimentel authored the Local Government Code of 1991. Pimentel and Ruben Canoy were the leaders of the federal movement which was fledgling then. Since the movement couldn’t find legs to stand on, Pimentel decided that devolution was the next best option. The local government code was passed…
If the fundamentals weren’t sound, as Winnie Monsod asserts in her Inquirer piece “So much for sound fundamentals”, we’d be worse off to begin with. Mareng Winnie attempts to dismiss even the smallest iota of optimism in the prognoses issued by the country’s economic managers saying these are all just coming from people whose job…
Read More “Opposition “economists” like Winnie Monsod sow doom and gloom in lead up to 2022” »
President Rodrigo Duterte hasn’t been able to make good on his promise of charter change but Congress is doing what it can in the time left before the President steps down on June 30, 2022. The Public Service Act is 85 years old. It is obsolete yet it is only now that this issue is…
Here we go again — the infamous “sick man of Asia” label. A throwback to the Marcos era is all “economist” Winnie Monsod could come up with in her Inquirer piece “Why we are again the sick man of Asia”. You would think that the Opposition would be creative enough to come up with a…
Read More “The UP School of Economics was USELESS when Filipinos needed its “expertise” the most” »