Business & Economics Perspective Blogger

Asia's Best Choice What's a business site without talking about rags to riches ? Sure, I could keep focusing on Filipino rags to riches stories but I'd like to talk about an item that's selling worldwide. It's called Lao Gan Ma-- which literally means old godmother . It gets interesting because Lao Gan Ma can be used in different types of cooking. But what wasn't too surprising is the rags to riches story behind Lao Gan Ma. In fact, the founder herself Tao Huibi, who's currently 79 years old , came from a poor background and never learned to read and write. Last 2017, when she was 70 years old , she actually drove a Mercedes Benz, two Rolls-Royces, and a BMW .  The story was actually pretty tragic . Tao herself lost her husband where she had two sons, and to work multiple jobs to survive. However, this poor widow rather than play the blame game , decided ot open a small noodle shop in Guiyang in 1989. This is where her fermented soybeans and chili sauce bec...

Bilyonaryo News Channel It's time for me to address IBON Foundation yet again. I often receive comments that I'm not an economist like the IBON Foundation writers. I can cite authoritative sources to support my criticism. It's easy to accuse me of ad hominem. However, I'm focusing on the argument of IBON because how can an economic think-tank even keep suggesting proven,  outdated economic plans? Recently, the Bilyonaryo News Channel has featured Jose Enrique "Sonny" Africa. Here's something that Africa said that Lee Kuan Yew would've called third-world  mentality : “ We have to get over this thinking that foreign capital will save us ,” he said. “We also have to get over this thinking that we can’t produce enough food and therefore have to import everything. More household purchasing power means more aggregate demand. More aggregate demand means a bigger market for Filipino agriculture and Filipino industry. If Filipino agriculture and Filipino indus...

Credit: Verywell / Dennis Madamba Some time ago, I wrote about the Broken Windows Theory and school insults . Whenever I remember the vicious cycle where the insulter usually gets a free pass (out of the name of "kids just being kids"), I also get more violent despite the interventions done. It wasn't until I was in another school that both sides were usually mediated, even if teachers could often lapse into just "dealing with the bigger offense". It made me think that several fights I got into in high school, even if the conflict wasn't resolved immediately, eventually fizzled because when I got scolded for overreacting, the aggressor still had the punishment that met the offense. For example, I got the harder scolding for overreacting,  while the other person got scolded also for triggering the offense. I even felt that reconciliation with some of my former enemies may have been much harder without mediating between the  two sides of the conflict. I mean, ...

GMA News Online Today is the fifth year of Benigno Simeon "Noynoy" C. Aquino III's demise . The Philippines can be too easily divided. Honestly, I can admit that I didn't vote for or support Noynoy, or that I actually got caught in between one-sided political debates . As always, I will confess there would be biases,  and I'm not free from them. Now, to make an assessment, it's easy to see tributes for Noynoy can go from what deserves credit ot actually crediting him beyond his power . Whether we want to admit it or not, Noynoy's legacy should be viewed as a complicated legacy . Even good kings made terrible decisions too! We must give credit where credit is due. In fact, even former Singaporean prime minister Lee Hsien Loong actually wrote this on his X account: Saddened to hear of the passing of former Philippine President Benigno Aquino III yesterday. Had the pleasure of meeting him many times over the years, including when he visited Singapore in 2014....

Justin Sullivan—Getty Images News There's no doubt that Facebook is one of the most valuable tools. However, when a business monopoly is created, it becomes a real problem . Facebook took over Friendster, and I used Facebook around 2009. Now it's 2024. It's a real problem, and I noticed that link sharing has become unpredictable . In fact, one of the biggest problems that anyone could face right now is that they spend an entire day, or maybe even a week or more, writing an online article. However, instead of getting that beautiful link preview, you get it without it , which can turn people off. People want the previews because they want to know where the link leads.  Whether I want to admit it or not, Facebook has become a toxic ecosystem that some people opt for restricted access (locking their profile) or even just using Messenger already. The walled garden environment is all about "keep people in Facebook as long as possible". Never mind that when people click ...

Chinoy TV This is a viral Facebook post right now. Zhang Yingfei, who was dubbed as "Linda Walker "in a micro-drama  The Heiress Who Won With Brains . Sure, there are tensions right now between the Chinese government and ASEAN countries. Back then, I remember I was "outstanding" in the Chinese class, in the sense of being disconnected from the Chinese language classes and getting bad grades . It's because the classes were taught in Hokkien , where your only reward was actually passing; the siansi (teacher) didn't spank you with a ruler or do any absurd punishment for compliance, and the foundations were built on dead repetition . Thankfully, the Chinese School Association shied away from the mandatory Hokkien to the  open-house approach . It's because the open-house approach would mean, "You learn Mandarin in the language you already know. Let's teach Mandarin using English or your local dialect." It's like one of our Chinese siansis a...

Bongbong Marcos' Facebook Page It's June 12, and it's time for Philippine Independence Day. Given that today is a Friday , it's an Independence Day long weekend . I was thinking about not writing anything today, but the IBON Foundation wrote an entry called "Still Dreaming of Freedom" , which is built on the Filipino First Policy . I would be writing this Philippine Independence Day post to talk about economic interdependence . In 2024, I wrote a post where I discussed that Philippine Independence Day doesn't mean rejecting FDI altogether .  Wait, isn't FDI a form of neocolonialism? For a start, FDI isn't neocolonialism. To understand, Britannica defines neocolonialism as: neocolonialism , the control of less-developed countries by developed countries through indirect means . The term neocolonialism was first used after World War II to refer to t he continuing dependence of former colonies on foreign countries, but its meaning soon broadened to ap...