Category Archives: Economy

PHL Refuses EU “Conditional” Aid/Grant- Why?

Philippine Press Secretary Ernesto Abella in one of his press conferences confirmed that President Duterte has decided to reject grants with certain conditions from the European Union (EU). He further clarified that the Government is only refusing EU grants that impose conditions, which the Government considers as allowing EU to interfere with the country’s affairs. The Executive Secretary also mentioned that the Government is “willing to forego about 250 million Euros ($278.88 million) worth of grants to prevent EU from meddling in its internal affairs”. A top government official likewise stated that the Philippines’ decision to stop development assistance from … Continue reading PHL Refuses EU “Conditional” Aid/Grant- Why?

ASEAN IN ITS GOLDEN ANNIVERSARY: ARE THERE “GOLDEN” OPPORTUNITIES?

Heads of the Association of Southeast Asian Nations (ASEAN) 10-member countries will be gracing the 30th ASEAN Summit in the Philippines on 27-28 of April, 2017. The Philippines is honored to host this year’s ASEAN gathering, as such President Duterte is the Chairman of the said event . Just a brief backgrounder, ASEAN was created in 1967 in Bangkok, Thailand with the Philippines, Indonesia, Malaysia,Singapore and Thailand as the Founding Members, initially using the so-called “sports-shirt diplomacy” (friendship and solidarity). Other member states such as Brunei Darussalam, Cambodia, Laos, Myanmar and Vietnam joined in later. ASEAN Summit 2017 with its … Continue reading ASEAN IN ITS GOLDEN ANNIVERSARY: ARE THERE “GOLDEN” OPPORTUNITIES?

Dutertenomics: Economic Banner of Duterte Administration

The Philippine Government’s economic managers launched this month (Apri18th)  Duterte Administration’s  banner flag, known as “Dutertenomics”, a platform for the country’s economic growth and development, taking into account its  socioeconomic 10-point agenda. As Secretary Benjamin Diokno of Dept. of Budget and Management (DBM) mentioned, the Government took an ambitious economic plans and programs as it would require roughly P8.4 Trillion (or $172 Billion) in a span of 6 years, ramping up Government’s infrastructure expenditures, vis-a-vis previous administrations’ infra-related projects. Under Dutertenomics, the following major national infrastructure projects (mainly focusing on transportation and social infrastructure projects) are envisioned to sustain Philippine’s … Continue reading Dutertenomics: Economic Banner of Duterte Administration

A Strong US$ Makes “Mary” Happy!

The Bureau of Labor Statistics of the U.S. Labor Department posted an increase in job employment of 271,000 in October 2015 (compared to 142,000 in September), cutting down the unemployment rate to 5%, the lowest so far since 2008. Investment experts are now speculating that the said healthy labor market may trigger Federal Bank’s or “Fed” (U.S. Central Bank) decision to raise interest rates sometime in December next month. For economists, an increase in interest rates would mean many things to the economy. There are pluses and minuses, there will be winners and losers, depending on which part of the … Continue reading A Strong US$ Makes “Mary” Happy!

“The Music That Moves Lives”: A Corporate Social Responsibility

Even before the word “Corporate Social Responsibility” (CSR) was coined, the business culture of giving back to the community has already been practiced by small and medium enterprises in all corners of the world. This could be either through simple acts of kindness, e.g. sponsoring uniforms for a particular local sports team, handing over small packs of goodies to loyal customers during holidays and anniversaries, etc.) or maintaining good communication and customer relationship which have been proven to be effective schemes in achieving good reputation, quality service and customer’s loyalty. Nowadays, CSR is a must-have/must-do strategy for large and even … Continue reading “The Music That Moves Lives”: A Corporate Social Responsibility

A Happy Thanksgiving Meal to Millions of Undocumented Immigrants!

For many, Thanksgiving Day is the most important holiday in the U.S. where Americans would take the holiday off and spend time with family and friends, catching up and  enjoying their Thanksgiving turkey. I know right, Thanksgiving Day is not meant to give thanks to and hail immigrants, it is not Immigration Day! Hello??? However, millions of undocumented immigrants would have more reasons to celebrate this year’s Thanksgiving Day in view of President Obama’s unilateral decision pursuant to an  executive order issued last week providing relief from deportation to about 5 million of undocumented immigrants (of which approximately  600,000 to … Continue reading A Happy Thanksgiving Meal to Millions of Undocumented Immigrants!

“Making Waves” in Another Country: Is It Easy?

The preceding blog on Migration, entitled “The New Wave of Immigrants in the U.S.” briefly discussed on why people emigrate. People move freely, transport out their families to other countries and look for better opportunities, if and when given the chance. It is their inherent right to travel to any place either for leisure or for exploration purposes, be it for business, employment or to build a new home. When people decide to move out to a new place, what they have in mind is a positive stance, that everything will fall into place, that it will make their lives … Continue reading “Making Waves” in Another Country: Is It Easy?

The New Wave of U.S. Immigrants

So, why do people pull up stakes in their respective homelands, move their families out and rebuild their lives in another country foreign  to them, and with  no guarantees of any sort? There are so many reasons behind this, but one thing is sure, everyone who goes out would like to bring home the “bacon”! The following brief discussion on the subject explains for itself. Let’s backtrack a little bit. The United Sates of America (U.S.A) has the most immigrants (both documented and undocumented) throughout the world, hence its label as the “nation of immigrants”. Based on U.S. history, America’s … Continue reading The New Wave of U.S. Immigrants

World Economic Forum: Will It Be Beneficial To Us?

As the name implies, the World Economic Forum (WEF) is not just an ordinary  forum, but a high-profile gathering of leaders, men and women in Governments, Businesses, Non-Governmental Organizations and  civil society throughout the world to discuss on the world’s economic (past and present) challenges. WEF is one of the organizations which embraces globalization, trade liberalization, private sector participation and other related economic development jargon. WEF is a Geneva-based non-profit organization, wherein its Annual General Meetings are usually held in Davos, Switzerland. Apart from its Annual Meetings, WEF also holds regional meetings each year in a pre-identified location which is … Continue reading World Economic Forum: Will It Be Beneficial To Us?

Temporary Protected Status: Just A Temporary Relief!

November 8, 2013 was that dreadful day when certain parts of the Philippine Islands particularly the region of Eastern Visayas was ravaged by super typhoon Haiyan (also known as “Yolanda”). Thousands of people perished and millions of families have been affected, majority of them were left with nothing, no more livelihood in fact, except for few pieces picked up after the typhoon and donated by generous individuals and other organizations. It has been 5 months since,  and the victims are still struggling to cope with the consequences of the deluge, with the grief and its psychological and economic impact on … Continue reading Temporary Protected Status: Just A Temporary Relief!