BRILLIANT MOVE

THE reported plan by the Duterte administration to invest around US$23 billion in infrastructure tourism could not have come at a better time. 

If everything goes according to plan, that US$23 billion would certainly go a long way in making our country competitive as we bid to lure in tourists and away from other tourist destinations in the world.

Records indicate that the Philippines was visited by more than five million foreign tourists last year. For this year, the Tourism Department is eyeing to attract 10 million international tourists and 56 million local travelers. 

With more than 7,100…

Read more: BRILLIANT MOVE

GUT ISSUE

THE PESO continued its slide against the dollar and there are strong indications that the exchange might even breach the P50: US$ 1 mark.

This development has some political and economic analysts worrying even as they are trying to figure out the reasons for the skid and what would be its effect on our overall economic situation.

Some analysts theorize that the peso’s depreciation could be the result of risk aversion amid US political uncertainties and concerns over the impending US interest rates hike next month.

ING Bank Manila senior economist Joey Cuyegkeng said external developments play a significant role…

Read more: GUT ISSUE

MARCOS FACTOR

NO PERSON in the history of our nation has elicited more admiration, condemnation, controversy and much division both when alive and even in death than former dictator and President Ferdinand E. Marcos. 

As a young man, he caught the country’s imagination and admiration when he topped the bar examinations even while incarcerated for the alleged killing of a political rival of his father in their province. 

Marcos garnered 92.35 percent in topping the 1939 Philippine Bar Examinations which was quite a feat considering he was in jail and had to review by his lonesome before taking the examinations.…

Read more: MARCOS FACTOR

FROM SUBPAR TO SUBLIME

CONTRARY to what many political and economic analysts are saying, it appears that Donald Trump’s presidency would be better for the Philippines than Hillary Clinton’s victory.

While Trump espoused protectionism through his ‘America for Americans first’ declarations during the campaign, his most recent pronouncements indicated that he can bend over and make some compromises.

Most of the analysts’ uncertainties stemmed from the fact the Philippine economy had been highly dependent on Overseas Filipino Workers’ (OFWs) as well as the business process outsourcing (BPO) sector, majority of which cater to American firms.

Earlier, Japanese financial giant Nomura said in a report…

Read more: FROM SUBPAR TO SUBLIME

TIME TO STAND ON OUR OWN

IT APPEARS that the United States is starting to flex its muscle in showing to the Philippines who is the boss in this part of the world.

This after the planned sale by the US of some 26,000 assault rifles to the country’s national police was halted when Sen. Ben Cardin said he would oppose the move over concerns on human rights violations in the Philippines.

Earlier, the San Francisco Police Department also decided to stop training with Filipino cops on similar suspicions of their involvement in the summary killings of suspected drug personalities.

The twin moves would surely impact…

Read more: TIME TO STAND ON OUR OWN

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