If a city's wealth is to be judged by its skyline, then Metro Manila, Cebu and other major cities must be rapidly getting rich. And yet, poverty has barely budged in recent years and the housing deprivations of millions of Filipinos fester and grow even worse.
I got to see Sen. Juan Ponce Enrile up close and personal yesterday morning at his residence. For only a short while, mind you, but it helps that he lives right across the street from our house...
I write about Manuel L. Quezon (the president of the Philippine Commonwealth) for two reasons. First, it is a good introduction to our political season as we commit to choose a new leader next year. Second, and more important, August 19 marks his birthday anniversary.
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.
It seems the strongest argument used by supporters of Vice President Jejomar Binay when asked why they still want to vote for him in spite of his alleged corruption is: “Most politicians are corrupt anyway, and Binay at least shares with us.”
PICOP was to become the first company whose pulp and paper operations would be fully integrated with its raw material source, which is the forest concession. In conception, it was a bold new venture. Today, PICOP is essentially dead.
Professor Noel de Dios, my colleague at the UP School of Economics, correctly pointed out some errors in my article, “We’re losing the war against unemployment.” I have no excuse for the obvious misreading of some labor numbers. However, my commentaries are intact.
Prof. Jeffrey Sachs flew in earlier this week to give a lecture on sustainable development and launch the Sustainable Development Solutions Network (SDSN), a UN initiative. Sachs was Kofi Annan’s special advisor on the Millennium Development Goals (MDGs), and retains the same position under Ban Ki-moon.
The Philippines’ experience demonstrates that poverty alleviation and development cannot be left in the hands of mining companies alone.
Today, those who drive the highways of northeastern Mindanao (Caraga Region) will occasionally encounter trucks loaded with uniformly cut lumber of diameter size no more than a foot.
The twin problem of joblessness and poverty will define President Benigno S. C. Aquino III’s presidency. After five years in office, he has failed to put a dent on the unemployment and underemployment problem; in fact, one can make a strong case that it has worsened under his watch.