WIKIPEDIA on “Conspiracy Theory” (CT): It is an explanation to an event that asserts the existence of a conspiracy by sinister groups, when other explanations are more probable.”
DOUBTLESS, China’s golden years—in economics and politics—are slowly disappearing from view.
IT was US Congress Speaker Tim O’Neill who first famously said “that all politics is local.” One meaning in the Philippines of that statement is that all nationally elected politicians depend on the barangay leaders to get themselves elected.
FORMER Socioeconomic Secretary Ernesto M. Pernia recently lamented the high Philippine population growth rate that had caused the stunting of the economic growth of the nation. Pernia was the sixth of six former NEDA heads who spoke at the UP School of Economic Auditorium in 2023- reflecting “50 Years of Economic Policy-Making.”
“This land is mine, God gave this land to me. This brave and golden land to me. If I must fight, I’ll fight to make this land our own. Until I die, this land is mine.”
THEY are always an odd couple: former US President Donald Trump and Russian dictator Vladimir Putin. Odd because being ideologically estranged, the symbol of rabid capitalism (Trump) and a straggler of communist politics (Putin), are chums in real life.
BOHOL island is on a major “run” in tourism, its flagship industry, pushed by the “revenge travel” phenomenon and big investor enthusiasm.
OUR first fascination with AI (Artificial Intelligence) was seeing how they moved in sci-fiction movies like “The Terminator” and “Matrix.”
THE country’s economic growth was stopped abruptly by the Covid pandemic. But with Covid now spoken in the past tense and the economy reopened after the world’s longest lockdown, are we headed for Paradise? Hardly.
There are danger signs that the next geopolitical flashpoint could be Taiwan. Batanes is just a shouting distance from Taiwan, and more is the danger.
Since my hometown, Tagbilaran City, is 15 minutes drive from the shorelines of the fabulous Panglao beaches, I had not really visited Boracay for many years now.
BASIC to understanding the national budget are the facts that the “power of the purse” solely lies entirely in hands of Congress and that “specific line items have replaced lump sum” items to get rid of the abominable “pork barrel” entirely, in principle.
“Crowdfunding” provides a platform that affords mostly small businesses to get funding options and investors to participate in the growth of companies online. In the Philippines, companies can source as much as P50 million a year. Crowdfunding has also been approved by the Securities and Exchange Commission (SEC) as a safe and sustainable form of investment.
AS if the pandemic woes and the Ukraine-Russia war fallout were not enough, bad news from the Chinese real estate and banking industries added more fuel to the fear of a world recession.
THERE is always room to put in context economic figures as advanced by Finance Secretary Carlos G. Dominguez and Bangko Sentral ng Pilipinas Governor Benjamin E. Diokno last week at the PICC (Philippine International Convention Center).
ALAN GREENSPAN, the 18-year US Federal Reserve Chairman, was onboard a commercial flight from Geneva, Switzerland back to the USA on September 11, 2001.
OVER the years, compared to the other economic pillars of our gross domestic product, namely, industry and services, agriculture always lagged behind. In the pandemic year (2020), it did not change with Agriculture accounting for only 10.18 percent of the GDP compared to Service of 61.42 percent and Industry 28.40 percent. Yet, the country is agricultural by nature and topography and millions are into marginal farming.
FOR their own sakes, China and the Republic of the Philippines (RP) had to come to the table recently: the 6th Bilateral Consultation initiated in 2016 by President Duterte and Chinese President Xi Jinping. It had to come to this.
CHINA’S aggressive building of man-made islands and the recent presence of hundreds of Chinese fishing vessels and/or paramilitary ships over the South China Sea could provide a flashpoint for a big war.
HERETOFORE, the Philippine stock market was largely influenced by foreign players who would quickly opt out even by the mere rise in the interest rates by the Fed. Looming large, locally, were the institutional and employed workforce who were, by a huge measure, not too aggressive in their investment risk taking.
MAKE no mistake about it, the next World War will be fought between drones (an air force without men), hand-to-hand combat between robots and terminators and, of course, the ballistic nuclear bombs.
“Health is wealth” is a satirical parody popular in social media these days. It means if one wants to be rich—fitchy rich—be a senior Philippine Health Insurance Corp. (PhilHealth) official.
Attending a forum in late 2017 organized by a major business group, we were shocked to be told by the speaker, Truly Savvy, or T.S. that the world was at the edge of a monumental meltdown “the likes we may not have seen in our lifetimes.”
TODAY there are 10 million rice farmers in the Philippines. Extrapolating their number of dependents, they constitute a big portion of the over 100 million Filipinos today, and they are in trouble.
The parable is spoken in business that the First Generation provides the vision and the stability of the enterprise; the Second Generation develops it to its full blooming and the Third Generation sends it to its grievous ruins or sells it to strangers not having the same love for the mission of the enterprise.
INDEED, we live in the 4th industrial revolution today. Many changes will occur in the way we do things because of technology.
NOT too long ago, the Philippines outflanked India and became the No. 1 darling country of choice for business-process outsourcing (BPO) more popularly known as call centers.
PRESIDENT Duterte had sound reasons for trying to anchor his presidential campaign on three fronts: a war on drugs, the fight versus corruption and conversion into a federal system of government.