The Market Monitor Minding the Nation's Business
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.
Points of View & Perspectives
December, 2015
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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.”
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22 November
Apec leaders press urgent need to cooperate against terrorism
By Jim Gomez / The Associated Press Manila—Asia-Pacific leaders have urged governments to urgently increase cooperation in the fight against terrorism as they wrapped up annual talks haunted by the Paris attacks.
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15 November
The World Bank Doing Business Report
Recently, one economic manager who, in the past, had been exceptionally ecstatic toward international financial agencies has been bursting a vein, virtually screaming bloody murder at the crash of our rankings in the World Bank Doing Business Report.
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15 November
Aquino’s corruption fight marks modest progress
Manila—The anti-corruption campaign of Philippine President Aquino has led to the arrest of a string of top officials, including three senators, a former national police chief and even his predecessor.
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15 November
Mar Roxas and the Filipino ‘don’
Critics of former Local Governments Secretary Mar Roxas may have wrongly accused him of one thing: of being cold and unfeeling.