DELIBERATE DEVALUATION IS GOOD

Economists schooled or trained by American institutions stick to cautious and market-driven depreciation of the peso to the US dollar. But Asian countries which really progressed a lot have used deliberate devaluation to grow their economies proving the scheme to be beneficial.

Immediately sectors that benefit from devaluation are the overseas Filipino workers, the exporters and the farmers who export their products to the world.  

Devaluation is a strategy used by Asia’s developing economies to better their export trade. Japan did that and so did South Korea.

Just recently, the United States of America (USA) got piqued by the…

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STOP THE RAPISTS

THE rape is over.

For the longest time, our mountains, forests and other natural resources have been abused by giant mostly foreign-owned mining firms, causing untold destruction and death in their areas of operation all over the country.

Certainly, something must be done to correct this horrible situation and it is good that the government specifically Environment Secretary Gina Lopez is taking these abusive mining firms by the horn.  

 

Marcopper and Other Mining Disasters

In 1996, 1.6 million cubic meters of toxic mine tailings from the Marcopper Mining Corporation spilled into the Boac River in Marinduque after a…

Read more: STOP THE RAPISTS

THE CIGARETTE WARS

THE debate on whether to continue the unitary tax rate on cigarette or to adopt a two-tier system must go beyond revenues but on its impact on the local tobacco and cigarette industries.

A singular tax rate would force local cigarette consumers to buy the more pricey brands as the tax would have minimal impact on its retail price while significantly forcing prices up for the lower-priced brands.

The benefit of course would go to Philip Morris International, which globally, is known to kill competition by acquiring or merging with the present market leader so it can be the single…

Read more: THE CIGARETTE WARS

MIRACLE IN MANILA

MIRACLES do happen. In 2015, it happened in the City of Manila.

The miracle came to pass after Mayor Joseph “Erap” Estrada successfully turned around what many believe to be the worst disaster that has visited that city, a city that for the longest time has been one of the most progressive local government units in the Philippines. 

The disaster was in the form of the city’s treasury that went bankrupt and incurred some P3.5-B in debt which Mayor Estrada discovered when he first assumed office in 2013.

 

Most Competitive City

The major turn- around came after…

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BAN FLOATING COFFINS

OLD and dilapidated sea vessels derisively known as floating coffins that traverse in the country’s nine major sea bodies connecting to the notoriously turbulent Pacific Ocean need to be banned and fast.

The immediate replacement of those old almost ghostly ships would help avert the sea mishaps that perennially happen in our bodies of water resulting to the loss of thousands of lives yearly.

This after a study showed that overcrowding and essentially old (secondhand) sea crafts braving fickle weather and tides were among the major reasons for the 15 major ferry accidents in the Philippines in the years 2000-2012.…

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