Tag: credit rating

COVID-19 Delta Variant a bigger threat than “downgraded” credit ratings

July 14, 2021 Ramon Ortoll 3 Comments

The opposition will surely make a mountain out of a molehill about this issue of the Philippines’ “downgraded” credit rating again. https://twitter.com/PhilippineStar/status/1414713681485520896?s=19 There is, however, no basis for worry. The debt-to-GDP (gross domestic product) ratio is still manageable. The budget deficit increased but the gross international reserves of the Bangko Sentral ng Pilipinas (BSP) are…

Economy

The Real Reason Why PNoy Does Not Want to Lower Income Tax

September 15, 2015September 16, 2015 Hector Gamboa 22 Comments

So President Noynoy Aquino (PNoy), in response to proposals by some legislators, said that he is not convinced that lowering income tax rates would be beneficial to the country. He claims that: “If we lower income tax rates, revenues will be smaller while the deficit will be wider. The widening deficit will be a negative…

Economy, Government, Politics

Jejomar Binay: Unworthy to be President

August 14, 2015 Virtual Vigilante 15 Comments

Jejomar Binay has criticized P-Noy for being dictatorial like Ferdinand Marcos in the context of the impeachment of the former Chief Justice of the Supreme Court, Renato Corona, whose appointment at the eleventh hour of then outgoing administration was highly questionable, by the former President, GMA, whose mandate was just as spurious (“Hello Garci”). The…

Crime, Development, Politics

PNoy’s speech should be shut down the minute he attacks the Supreme Court #SONA2014

July 28, 2014July 28, 2014 benign0 9 Comments

What further use to Filipinos is a president who had all but painted himself into a corner? That is essentially the way Philippine President Benigno Simeon ‘BS’ Aquino III will come across to the public today when he delivers his State of the Nation Address (SONA) to joint sessions of Philippine Congress. Rather than see…

Crime, Development, Economy, Government, Politics

Three recent events that could divert the Filipino’s attention from current government blunders

October 3, 2013October 5, 2013 FallenAngel 11 Comments

Even without external forces exerting much effort to do so, Filipinos can be easily distracted from whatever they are engaged in. When they manage to eke out some sort of civic responsibility or outrage against the ineptitude of their government is certainly no exception. Are they angry at the government? Just give them some feel-good…

Civics, Lifestyle, Media, Society

Pork is Cheap in Bahana Republic

August 19, 2013 John Bay 1 Comment

I seem to be part of the lucky few in my city where 15 out of 18 barangays are submerged in water after a continuous downpour of ‘Maring’. The great revelation in all of this is that floodwaters always have a way of bringing all things to the surface. It is a trite simile of…

Economy, Government, Media, Politics

Philippine economic growth rate and credit rating upgrade not enough to keep unemployment down

June 14, 2013June 14, 2013 Ilda 22 Comments

If you want to know how the Philippine economy is doing, you will find it hard to get a straightforward answer from the mainstream media. There’s enough spin to counteract every piece of bad news out there to do your head in. It seems the Philippine government is doing its best to project an image…

Development, Economy, Media

Noynoy Aquino government hires Fitch Ratings to give Philippine economy a thumbs up

April 3, 2013October 20, 2013 Ilda 49 Comments

Incumbent Philippine President Benigno Simeon “BS” Aquino is beaming with pride now that the country has scored an “investment-grade” credit rating from Global rating agency, Fitch Ratings under his watch. You might be asking yourself, “What the heck does it all mean?” Well, it means a lot of things that some folks will never understand….

Development, Economy