Browsing All Posts filed under »Economics«

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

June 24, 2013


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


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


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 […]