Inclusive economy to sustain PHL growth

INCLUSIVE growth is necessary in order for the Philippines to sustain its growth momentum according to Finance Secretary Carlos Dominguez III.

In a recent speech before the Economic Journalists Association of the Philippines (EJAP), Dominguez pointed out that in the Philippines, market information and other issues related to the economy are kept from ordinary Filipinos and exchanged within a narrow section of the population, “a testament to our economy being an exclusive rather than an inclusive one.”

“This situation cannot persist for too long. Unless our economy becomes truly inclusive, with ordinary folk making market decisions and shaping economic…

Read more: Inclusive economy to sustain PHL growth

Weak Philippine Labor Movement

THE Philippine government is not a socialist state despite President Rodrigo Roa Duterte’s claims that he is a “socialist” or a “leftist.”

Thus, a true Marxist, or even a veteran bearer and advocate of Mao Tse Tung Thought, should know that Duterte’s promise to end contractualization in the country when he was still campaigning to win the May 9 elections will not be carried out.

A politician’s promises are part of his tactic to win votes. Duterte was not exempted from that dirty old tactic.

Remember that Duterte made the promise to end contractualization once he becomes president not…

Read more: Weak Philippine Labor Movement

Brokers slam ATI's ‘faulty’ booking system

By Chito L. Junia

CUSTOMS brokers doing at business Asian Terminals, Inc. have scored what they described as error prone booking system more popularly known as Terminal Appointment Booking System (TABS).

One of the brokers who requested anonymity for fear of reprisals complained that he has lost money over “unexplained and mysterious reasons” while trying to facilitate a booking for their cargo vehicle.

He claimed that he allegedly lost an earlier deposit for TABS without getting a clear explanation from ATI why and how it happened. 

The broker alleged that when he was trying to get a booking schedule…

Read more: Brokers slam ATI's ‘faulty’ booking system

Freedoms of the Air

The signing of the Chicago Convention on International Aviation in 1944

By Romeo N. Dyoco 

WHEN nation-states began to be established on the face of the earth, one immediate concern was to establish jurisdiction and control over their territorial coverage. 

This was obviously politically and economically strategic. In fact, many ambitious nations sought to expand their territories even to the extent of waging wars against other nations. Conquests and colonization became major policy and strategic undertakings.

Each country, in most cases, easily defined the coverage and limits of its territory in terms of the land and the sea (waters).…

Read more: Freedoms of the Air

The tax reform paradox

AT FIRST glance, the idea of reducing individual and corporate tax rates to 25 percent, especially for those earning P1 million or less in a year, seems to be pro-poor as the wage earners are now considered the most taxed sector of the economy.

But with government raising the consumption tax (value added tax) and excise tax on petroleum products and sugar-based products as well as sin taxes , these measures would again weigh more heavily on the targeted sector--the marginal wage earners.

There seems to be a complete disconnect and paradox in the way economic planners are working out…

Read more: The tax reform paradox

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