Innocuous. Nonthreatening. On its face, that’s what a lot of people would think of the current congressional move to amend our Constitution. After all, it consists of only five words, “unless otherwise provided by law".
Land reform should strengthen property rights. But the experience is that it threatened these on a wide scale in agriculture. Thus, it has instead shaken the stability of property rights.
Recent economic growth has not been inclusive. Rising joblessness and lingering poverty accompanied the strong growth. Foreign direct investments that could have created more decent jobs, and inject new dynamism and technological change into the Philippine economic system remain anemic.
The story of “Manny Sundalo” is such a breath of fresh air amid the “hindi mo ba alam kung sino ako” variety, that it deserves telling and retelling—in the hope that it will inspire our leaders to remember that they are servants first and foremost.
Chapter 13: Shabbat conversationsChapter 14: Jerusalem stories
A central component of Philippine agricultural policy is tied up with the agrarian reform program. After many years of implementation, the program is nowhere near the objective that land reform in the country was set out to fulfill.
As a program for land asset equity, CARP by 2014 shall have accomplished 99% of its target, a whopper of a success for a government program. As a program to advance the economic welfare of farmers, it has accomplished the opposite of its stated goals.
There is a small group of wealthy Filipinos who are in search of investment opportunities. They might find an economy that is expanding, albeit at a slower rate, a stock market that’s less vibrant than before, and a real estate market that’s losing steam. In brief, potential investors may have to be more cautious, selective,...
The brouhaha over the shift in the academic calendar is an unnecessary and tedious distraction. For the change contemplated is unlikely to accomplish what its proponents say it will, i.e., impart an “international character” to Philippine higher education.
Three cheers for University of the Philippines Diliman. It refused to be rushed into approving the proposal to change the academic calendar and, when it was discussed in its University Council, disapproved it, calling for careful study.
[with Akiko Terada-Hagiwara]. Existing literature concludes cash remains ‘king’ and that debt capacity does not provide the same degree of downside protection. We consider why firms hold cash, and what determines how much cash firms hold, with particular attention to Asian firms.