We beg to differ.
The Opposition continues to use the late former President Ferdinand Marcos as a scapegoat for the state of the Philippine economy. They refuse to acknowledge the validity of Marcos’s economic strategy from the beginning of his first term which was to focus on rebuilding infrastructure destroyed during World War II. After the declaration of martial…
Neoliberals like Richard Javad Heydarian are the first to put the blame for the Philippines’ troubles on the so-called “bobotantes“. In his Inquirer column “The foolish myth of ‘bobotante’ voters”, he points out that “authoritarian nostalgists shouldn’t forget that their idols wouldn’t have made it to Malacañang without the support of a plurality of urban…
The Opposition has been nitpicking about the GDP turning positive the other day as announced by the Philippine Statistics Authority (PSA). Even Sharon Cuneta weighed in. Now it’s the Professor Emeritus of the UP Economics Department who now puts in her two cents on the back of what is, by now, an all-too-familiar script —…
The more critical thinkers among the public have noticed Vice President Leni Robredo’s speech pattern to be mostly incoherent. She can’t organize her thoughts verbally in a manner which she can be understood by her audience. Most wonder why this is considering she is a UP graduate of Economics. Even her grasp of her major…
Read More “Leni Robredo has FAILURE written all over her face” »
It would appear that the noose is getting tighter around the neck of Health Secretary Francisco Duque over the release of the latest COA report summarizing the glaring deficiencies in its compliance with government accounting standards as defined by the audit agency. GMA News Online reports that Sen. Panfilo Lacson has again called out Duque…
Read More “Ping Lacson declares war on wasteful government spending and corruption” »
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” »
“Economic experts” sprouted overnight after the Philippine Statistics Authority (PSA) released its economic data the other day. The PSA numbers showed that the Philippines moved out of recession territory with GDP growth turning positive for the first time since its tumultuous plunge last year on the back of the first lockdown which effectively shutdown the…
A miracle in Tokyo. That is how I am going to describe the campaign of the Philippine delegation at the 2020 Summer Olympics that is currently being held in Tokyo, Japan. For the first time since it began participating at the Olympic Games, the Philippine delegation has scored a major medal haul. So far, Filipino…