We beg to differ.
Hardly surprising. Much of the “gains” in the Philippine economy scored by the administration’s media lackeys and spin doctors mainly on the basis of a prolonged bullish run by the share market is turning out to be no more than smoke-and-mirrors. A surging sharemarket in essence says nothing about the underlying substance of a national…
Read More “The Philippines: One Big Broken Promise to investors” »
Singapore — resource-poor and dependent on services, exports, and tourists — is reeling from the effects of smog reportedly coming mainly from waste being burned in Indonesia’s palm plantations. For days, a haze has blanketed the prosperous city-state and the “smell of burning wood” has seeped into buildings making residents’ efforts to avoid its effects…
I left off my previous post with a paragraph that had the sub-heading, “Without a Vision, Reviving Manila is a Lost Cause”. SOS Save Manila Bay’s woeful calls for “environmental” and “heritage” preservation is as shallow and meandering as the silted Pasig River that disgorges its black sewerage water into Manila bay. Why? It’s not…
Read More “Pining for Manila’s Old Glory is a Sign of a Lack of Vision (Part Two)” »
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…
To understand the fundamental flaw in the idea of the Philippines’ relying on a strategy of counting on “foreign investment” to rescue its people from their own self-created wretchedness, it is important to understand the equally fundamental definition of poverty. Quite simply: Poverty is a habitual entering into commitments one is inherently unable to honour….
Read More “Loser mentality: Filipinos’ 500-year dependence on foreign investment” »
Reports of economic growth in the Philippines as measured by its Gross Domestic Product (GDP) reaching an annualised 7.8 percent in the first quarter of the year is sending waves of optimism rippling across Philippine society. One of the centrepieces of the newly-booming economy put up by recent reports on this economic phenomenon such as…
Read More “First Quarter 7.8% annual growth in Ph economy: The Bottom Line” »
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…
Read More “Loser mentality: Filipinos’ lazy development strategy of attracting foreign investment” »
In a pre-emptive strike on the whole discussion around ‘charter change’ that is likely to come up after the opening of the 16th Congress in July, President Benigno Simeon “BS” Aquino III issued his two cents on the matter of foreign ownership of land in the Philippines. “I don’t think they are necessary detriment to…
Read More “President Noynoy Aquino may have a good reason for giving a no-go to charter change!” »
