Tag: economic growth

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

Could the Php 1.9 bn in flood control projects axed by Noynoy Aquino have saved Metro Manila from destruction?

August 8, 2012November 17, 2013 benign0 106 Comments

The latest deluge to hit Metro Manila once again demonstrates the sorry state of preparedness of state emergency services in the Philippines and the woefully insufficient flood control infrastructure of the country’s premier metropolis. Flooding brought about by days of southwest monsoon rains pounding the northern Philippine island of Luzon have once again paralysed vast…

Development, Economy, Government

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

Businessweek’s business of talking up the Philippine economy

May 1, 2012November 2, 2015 benign0 11 Comments

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 —…

Development, Economy, Media, Money Talks

The RH Bill: Economic growth alone will not solve overpopulation

May 20, 2011May 24, 2011 Ilda 23 Comments

I cannot say in absolute terms that I am a strong advocate of the proposed Reproductive Health bill (RH Bill). In a perfect world, we wouldnâ€™t need to introduce such legislation. But we do not live in a perfect world and if one’s intention is to seek flaws in the proposed bill, one will surely…

Development, Economy, Education, Environment, Government, Politics, Religion