The Market Monitor Minding the Nation's Business
President Aquino needs to look into what looks like Philippine Deposit Insurance Corp. (PDIC) shenanigans as the policy wonks at the government bank receiver have displayed a remarkable difference in their handling of shuttered banks or those with huge government bailouts. The President, who has a firm grasp of economics, needs to ask just a few questions from the officials …
Points of View & Perspectives
December, 2015
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6 December
Social media, the new megaphone for violent perpetrators
Palo alto, California— Tashfeen Malik, the woman involved in last week’s Southern California mass shooting, has another claim to notoriety: She’s the latest in a growing line of extremists and disturbed killers who have used social media to punctuate their horrific violence.
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6 December
The 11 countries that haven’t made pledges for climate deal
By Karl Ritter / The Associated Press Le bourget, France— Some are at war, others recovering from natural disasters and some are simply ideologically opposed to the climate deal taking shape in United Nation (UN) talks outside Paris.
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4 December
How do you solve a problem like Mar Roxas?
We can only commiserate with the campaign strategists of former Local Government Secretary Mar Roxas, who is now the Liberal Party standard-bearer.
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3 December
Troubling PDIC goings-on
There are troubling goings-on at the Philippine Deposit Insurance Corp. (PDIC) that we learned about in connection with the closure of a thrift bank, Unitrust Development Bank, and they speak of an important cog in the Philippines financial sector going awry. And that is quite troubling.
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3 December
A postmortem on Apec
It’s over. They’ve left and the traffic and street dwellers are back. One airline is facing a multi-million peso damage suit, another, millions more in dollar-denominated unrecoverable losses. Kris has her tan and her brother, his two-day P10- billion learning experience – a tax-paid tuition the equivalent of capitalizing several world-class universities.
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3 December
Cats used as bait to lure tourists back to Brussels
By Maria Cheng / The Associated Press Brussels—After a five-day lockdown prompted by the maximum security alert, Brussels officials are attempting to entice back tourists who may have been scared away by images of soldiers armed with machine guns in the capital’s deserted streets. Their secret weapon? Cats.
November, 2015
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22 November
Apec’s predatory underside
Let’s be defensive before we’re accused of being offensive. We are committed advocates of capitalism. Even of the kind that foists profits as ideal, relegating social responsibility, corporate citizenship and charity as offshoots following Adam Smith’s crusted cliché on the “Invisible Hand.”
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22 November
8990 Holdings eyeing Malaysian foray?
One sidelight of the Asia-Pacific Economic Cooperation (Apec) summit was a one-on-one between Malaysian Prime Minister Najib Abdul Razak and mass-housing developer Januario Jesus Atencio, CEO and president of 8990 Holdings, the country’s No. 1 low-cost housing developer, and the topic was affordable housing.
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22 November
The ‘borrowed strength’ of PNoy and Mar
In his speech at the CEO Summit of the recent Apec meeting, President Aquino reverted to his trademark blame-game strategy, hitting at former President Gloria Arroyo as he trumpeted what he alleged to be the country’s significant “inclusive growth.”