Tag: savings

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

Filipino attitude towards money highlighted yet again

March 5, 2012March 5, 2012 FallenAngel 21 Comments

Recently, a renowned financial expert in the United States, Suze Orman, was in town for a series of talks about personal finance. Bank of the Philippine Islands (BPI) brought her over as part of their financial wellness advocacy. Naturally, one of the things she focused, and expressed concerns about, is the Filipino attitude towards money….

Culture, Economy, Government, Lifestyle, Money Talks, Society

In development terms Philippines is no Manny Pacquiao

May 10, 2011 benign0 9 Comments

In his latest article “Divergent paths“, Inquirer.net columnist Cielito Habito shared some interesting statistics that provide breathtaking insight into the divergence of the fortunes of what were once the “virtual identical twins” that the Philippines and Thailand were back in 1970, that made the two countries the “estranged twins” that they are today. The divergence…

Development, Economy, Money Talks

Being cluey about foreign capital

January 23, 2011August 13, 2022 benign0 76 Comments

One of the key aspects of the Constitutional Reform agenda revolves around the proposal to open the Philippines to full foreign ownership of business assets and private property. It is a worthwhile option to explore as it has been known for quite some time how inept Filipinos are with creating capital indigenously and at keeping…

Charter Change, Culture, Development, Economy