Pernia: Work outside urban centers
Photo courtesy of the Philippine Daily Inquirer

TO HASTEN the development of rural areas, Socioeconomic Planning Secretary Ernesto Pernia urged the private sector to “work outside the urban centers and tap the potential of fringe regions.”

He made this appeal during the 8th Regional Development Council- Private Sector Representatives’ national convention in Panglao, Bohol where he also highlighted the importance of the private sector in boosting activities in the provinces to promote the administration’s inclusive growth agenda.

“Our partners in the private sector play a big role in the development process and thus in realizing our vision for the country,…

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The Problem is Perception and NOT Duterte

AS a Filipino, I am perplexed at the skewed vision of First World citizens. 

The questions that I get asked revolve around the drug killings, the terrorists, the typhoons, and the strong-armed anti-American President.  

Why is that? Unfortunately, it is the drama-driven biased news. There is hardly ANY good news found in the Philippines. 

It seems to be only the researchers, thank goodness, who report to their corporate c-suite bosses that the Philippines has many advantages for foreign business.  

These include fluent English-speaking leaders. Academia that reflects global business teachings and Economic Zones designed to assist…

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SUCCESS STORY. FODCC CEO and Chairman Engr. Fred dela Cruz (center) is flanked by the members of his family during the celebration of his James Bond- themed 50th birthday in Marriot Hotel recently.

FOR Engr. Fred O. Dela Cruz, the founder of First Orient Development and Construction Corp. (FODCC), the road to success was paved with lots of hardship, frustrations and hard work.

But his determination finally paid off 15 years after it was founded, when FODCC became the biggest and most respected construction and holding firms in the country.

Dela Cruz said his company’s success came when he made…


A Scary Trend for the Middle Class

CATHERINE L. Mann, OECD Chief Economist, stated the trend for global economics as “Better, but not good enough.”  The data incoming from around the world have counter-intuitive trends.  

Growth will rise from an average 3% GDP in 2016 to 3.5% in 2018. That is good, but the 20 years before the Great Financial Crisis (GFC), the average was 4%. 

Why am I so glum? The stock market is not the economy.  No more than a speed limit sign is an indication of how fast your car can travel. 

If you are on a gravel road…

Read more: A Scary Trend for the Middle Class

Pernia bats for lower power cost

THE National Economic and Development Authority (NEDA) has urged the private sector to participate in the Qualified Third Party (QTP) program that would improve power supply and reduce rates.

The move would ensure that the country can more forward faster, especially for the countryside where electrification is still low.

Socioeconomic Planning Secretary Ernesto M. Pernia said that the role of power companies, in partnering with the government, is crucial to economic growth.

Pernia added the private sector can support the government in meeting the growing demand for energy and bringing down the cost of electricity.

“Noting that energy security is…

Read more: Pernia bats for lower power cost

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Thursday, 19 October 2017
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