TRAIN OF HOPE

AFTER more than two decades and lots of hurdles along the way, the construction of the proposed 830-kilometer Mindanao Railway Network (MRN) appears to be more certain now than ever before.

This after the National Economic and Development Authority (NEDA) Board on June 28 approved the P35.26-B allocation for Phase 1 of the Tagum-Davao-Digos segment of the big ticket project. 

The Department of Transportation (DoTr) aims to begin operations of the railway by 2022.

The multi-billion project which was first proposed in 1992 has seen four presidents come and go, and for various reasons has failed to make…

Read more: TRAIN OF HOPE

ALARMING GROWTH

DURING his last State of the Nation Address (SONA), President Rodrigo Duterte received a very rare nod of approval from opposition lawmakers for his stance on the reproductive health law.

The thumbs-up sign was given by the members of the so-called Magnificent 7 bloc in the House of Representatives, after he asked SC Chief Justice Maria Lourdes Sereno to reconsider the temporary restraining order (TRO) on the RH law.

To recall, his predecessor former President Benigno ‘Noynoy” Aquino III  signed into law Republic Act 10354 or the Responsible Parenthood and Reproductive Health Act in December 2012.

The controversial law has…

Read more: ALARMING GROWTH

TOURISM AND TERRORISM

Tourism Assistant Secretary Ricky Alegre

 

THE words terrorism and tourism may sound like a perfect rhyme, but they bring about contrasting meanings and effects especially in the case of our country’s travel competitiveness ranking.

This after the World Economic Forum’s (WEF) 2017 Travel and Tourism Competitiveness Index reported that terrorism has been pulling down the country’s travel and tourism sector causing it to slide five places to 79th spot out of 136 countries.

Also, the country got a very low overall score of 3.6 and of the 14 pillars considered, it was on safety and security that the Philippines…

Read more: TOURISM AND TERRORISM

RETHINKING RICE POLICY

IT SEEMS like the government’s dream of attaining rice self–sufficiency will remain just like that - a dream.

This after the National Food Authority (NFA) recently reported that the country would still fall short of the required buffer stock even with the planned importation of 250,000 metric tons of rice.

The law mandates that NFA must ensure a stock for 15 days for the whole year and 30 days for the lean months. NFA’s current inventory of the main staple is only good for six days.

Studies indicated that about 32,000 metric tons of rice are consumed daily which means…

Read more: RETHINKING RICE POLICY

TRUE GENIUS

FULLY appreciative of his contributions and what he had done to the financial sector and to the country’s economy as a whole, the highly respected The Asian Banker has recently handed outgoing BSP Governor Amando M. Tetangco Jr. a lifetime leadership achievement award.

In bestowing the award, The Asian Banker chair Emmanuel Daniel lauded Tetangco for playing the central role in helping the Philippines transform from a speculative to an investment-grade economy.

“[Tetangco] made a huge difference… lifting his country to becoming investment grade and stepping high and tall in the league of nations,” Daniel said  while also describing him…

Read more: TRUE GENIUS

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