As a public official, you commit acts of graft and corruption, but no one has caught on yet, so you haven’t been charged. Your term ends. You get reelected. As viewed by our Supreme Court, your reelection has wiped the slate clean.
Vietnam’s economic development is one heavily driven by foreign direct investments. It follows the early development paths of the East Asian economic tigers.
This early, there are signs that the Philippine government will not meet its economic goal of 7% to 8% GDP growth in 2015.
Vice President Jejomar Binay and Makati Mayor Junjun Binay refused to cooperate with the Senate blue ribbon subcommittee. The reason? There are already charges filed in the Office of the Ombudsman, so let justice take its course.
The harsh reality is that the next administration will be faced with more formidable spending challenges. The K+12 educational reform is a good program but it is seriously underfunded.
Vietnam has undergone sustained industrial and economic transformation in recent decades with GDP (gross domestic product) growth averaging close to eight percent per year.
This is the time of year when many of our countrymen troop to the churches and through national highways for a vacation to cooler places. The summer heat brings to mind the shade and comfort that trees provide. As I write, I have with me three weighty materials on the subject of native trees.
In an unfortunate twist of fate, going into the final year of his presidency, Mr. Aquino’s high political capital has been virtually dissipated.
Everything can be condensed into the following: Lee Kuan Yew made Singapore immensely rich, while Makati made Mr. Binay immensely rich. That’s the difference.
No leader of a small island nation of four million inhabitants has made an impact on the world at large as Lee Kuan Yew of Singapore did. Lee died at the age of 91 this week.
Foreign direct investment flows into the Philippines have been lately encouraging and the government is hyping all this. President Aquino thinks we are doing well and there is no need to improve FDI policies. To sharpen the discussion, let us just compare Philippine FDI accomplishments with that of Indonesia.
One should be unhappy with the government’s fiscal performance. During the last five years, from 2010 to 2014, actual government spending has been below planned spending. Yet, Finance Secretary Cesar Purisima is elated that actual budget deficit is much smaller than planned deficit.