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Religious fanaticism grows along with worsening poverty

For 19 hours last Friday, a throng of 5.5 million painfully wound through the streets of Manila in what has become an annual massive show of veneration for – some say fanaticism over – a 300-year old burnt wooden figure of Jesus Christ called the Black Nazarene. This year’s toll of the centuries-old ritual: Two dead and hundreds seeking medical …

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Past papal visits justify security concerns

Security concern for Pope Francis, who opens his four-day visit on January 15, runs deep. Authorities have not forgotten November 27, 1970, the day an attempt on a pope’s life, believed to be the first in modern history, took place in Manila.

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BSP reports major gains in financial inclusion

Riza Lozada The goal of the Bangko Sentral Ng Pilipinas (BSP) on financial inclusion is gaining headway as the number of cities and towns without banking services went down to 12.6 percent from 37 percent in 2012, BSP Governor Amando M. Tetangco Jr. said.

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Indicators brighten as economy continues strong run—Neda

Luis Leoncio Apart from manufactures, total agro-based products also managed to sustain its robust growth in November 2014, with their exports value reaching $354.3 million, or up by 34.5 percent from $263.5 million in the same period last year.

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10-year study shows Phl among top dirty-money hubs

Luis Leoncio How does one measure the success of the concepts “tuwid na daan” (straight path), no “wang wang” (equal treatment to all), and good government is good economics that are the lynchpins of the social and economic policies of the Aquino administration?

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OFW transfers, BPO earnings kept FX flowing–Tetangco

Riza Lozada Remittances from Overseas Filipino Workers (OFWs) and receipts from the Business Process Outsourcing (BPO) jointly offset the foreign-exchange drain from trade and capital outflows in 2014.

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