Tag: central bank

Blame on Duterte government for Ph peso depreciation UNFOUNDED

September 23, 2018 benign0 10 Comments

Many “activists” allied with the Yellowtard-led Philippine Opposition have been screeching about the slide of the Philippine peso against the US dollar — hinting that this is indicative of mismanagement of the economy by the government of Philippine President Rodrigo Duterte. The fact is, it is not entirely true that the peso is depreciating against…

Economy, Money Talks

Loser mentality: Filipinos’ lazy development strategy of attracting foreign investment

May 28, 2013May 28, 2013 benign0 33 Comments

The title of today’s Inquirer.net editorial Excess money says it all. There is enough money swirling around in the domestic economy to fund significant capital expansion. Big Philippine banks manage a big chunk of these funds. Trouble is, as the Inquirer editor observes, “banks choose to park these funds at the Bangko Sentral ng Pilipinas…

Development, Economy, Lifestyle

Is Noynoy Aquino turning MalacaÃ±ang into an organised crime syndicate?

February 21, 2012February 21, 2012 benign0 43 Comments

New revelations emerging in yesterday’s court session in the on-going impeachment trial of Supreme Court Chief Justice Renato Corona shed further light into the true priorities of the governement of Philippine President Benigno “Noynoy” Aquino III. Senator-Judge Joker Arroyo in a speech before the court last Monday (the 20th February) encapsulated this disturbing character of…

Crime, Government, Media, Politics