The economy, the economy stupid. It’s all about the economy. And when corruption is still a big player in our country, a poverty stricken nation we will continue to be. I’m worried about the recent report by The Asian Development Bank, Philippines: Critical Development Constraints. The Financial Times, Forbes, and The [...]
I was talking to an Overseas Filipino Worker (OFW) the other day, she was complaining that while The Peso Dollar Exchange rate may be good for our nation, it is horribly bad for the OFWs in America who have to remit their hard earned dollars back to The Philippines. As of this writing the [...]
The story in the news today, as well as coming from the Malacañang spin-doctors is that the economy has grown and is “on a roll”.
In the Inquirer,
MANILA, Philippines — The Philippine economy surged 6.9 percent in the first quarter of the year from the same period in 2006, way above expectations, prompting officials to declare [...]
The Selloff started in China, then the US followed suit, as also the rest of the world. The DOW fell by 416 points, the biggest since 2001.
What happened in China, was probably the result of the following events.
The market has been on a tear, it doubled in value, the day before the selloff [...]
I think that some Filipinos do not see the big effect that Overseas Filipino Workers have on The Philippines. I mean, individually we may think that it’s great for their families or the OFWs themselves. But, our biggest investors are becoming our very own kababayans. That makes me happy a bit. [...]
In a statement made by the President last Friday, she responds to the improved Credit Rating that Moody has given The Philippines. Say what you will about this Administration, but since last year The Philippines has seen a continued increase in its economy and its financial outlook.
Here is the statement in full:
