Browsing All Posts filed under »Economics«

Subsidizing informal settlers: the PH government’s knack for small and short-sighted programs

June 24, 2013

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On top of Philippine president Benigno “Noynoy” Aquino III’s absurd Conditional Cash Transfer (CCT) program, the government has once again come up with a strange course of action; persuading informal settlers of Metro Manila to rent somewhere else by covering their expenses. MANILA, Philippines–Malacañang on Monday brushed aside objections to the government’s offer of P18,000 […]

BSP favoring a weak peso: too much faith on fiat?

June 13, 2013

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In response to plummeting exports and rising unemployment, the Bangko Sentral ng Pilipinas (Philippine Central Bank or BSP), expressed an inclination towards having a weaker peso to remedy the below-satisfactory performance of Philippine exports. The Bangko Sentral ng Pilipinas is seen favoring a weakening of the peso against the dollar following the double-digit decline in […]

Recto and Salceda: The issue of the “selfish” rich

June 12, 2013

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Two government officials recently aired their resentment towards the “selfish” rich for keeping mum about the worsening poverty in the Philippines. A senator and a provincial governor, both of them economists, are blaming the “selfish” rich for the widening income inequality in the Philippines, which persists despite the economic growth in the first three years […]