Shaun T. Dy's Business & Economics Perspective Blog

Looking at the IBON Foundation's page can be laughable . One may notice Atty. Neri Colmenares, someone who fortunately lost the senatorial race twice . I remember arguing about people who'd believe in the lies that Colmenares would propagate about FDIs. There's the call to stop water privatization (the call for the nationalization of the water industry) and the constant opposition to allowing foreigners to own 100%. Do they even get that 100% FDI ownership is all about share ownership and not land ownership ? As the summer heat intensifies due to the El Niño, I decided to write this entry. A good question to ask now is, "Would you rather die of thirst or a heatstroke than accept quality water and electricity services from MNCs?"  What organizations like the IBON Foundation and Migrante International insist is on national industrialization over the acceptance of FDIs. The question is how do they expect to industrialize the nation based on doing everything on their

Cabalen AETA Farmers & Partners While looking for something new to write today, I found this meme on Facebook. I remember my college days when I would ride a taxi to go home. Sure, I rode a jeepney but there were limits to where the jeepneys were allowed to enter. I'd like to share my experience with snob taxi drivers . These people have had all their excuses. I'll translate some of the captions above for non-Tagalog speakers. "Traffic 'don!" means "It's traffic there!" "Malayo!" means "Far!" "Ban Uuber and Crab! Ito lang kabuhayan natin!" means "Ban Uuber and Crab! It's our only livelihood!" A lot of Filipinos may have faced these types of snob taxi drivers . Some time ago, I wrote an article asking if one would be willing to eat rotten meat in an isolated-type Philippines . Another question is whether one would endure faulty and/or arrogant Filipino transportation services. That's endure such fool

I remember being chastised and said, "The customer is always right!" It became hypocritical because the same person who told me that later chastised me for yelling at the service provider in public . I'd admit that I screamed at the phone or even in person because things didn't go my way. My favorite excuse would be, "You said the customer is always right, right?" Going by the logic that the customer is always right, I'm right in doing the wrong that I did to service providers. It also reminds me of some rude manager lady (who I believe got fired sometime later, not going to mention her name or the company) who's heard to be highly unreasonable . She would scream in public louder than the late Miriam Defensor-Santiago.  I'd like to give an illustration of the fault of that phrase. The news of a raging customer who threw hot soup at the manager can create debate . Was she in the right when she threw the hot soup at the manager instead of talking t

Food Craving Reviews Tomorrow is Hari Raya Puasa. Previously, I Googled "Mhat Am Kape" some time ago, only to discover that the place had been permanently closed . It was closed in 2020 before the Delta Variant came out in 2021. Their Facebook page is still on but the place is already closed . I tried eating there, calling the place mediocre, and when I talked with workers for Arabian halal resto owners, they mentioned that the place was definitely dirty. I could imagine how the Arab bosses would react to the lack of proper hygiene in the place.  I'd like to share a few photos I took from Mhat Am Kape's Facebook page. One needs to find out why the place closed down. I assume somebody sent the Cebu City Health office photos. The pastils (empanadas) on the floor (right) are an open invitation to pests . As a result, the establishment would be forced to close down. If these photos were taken sometime in July 2020 and the establishment closed in August 2020-- I assume Ce

News of Tealive establishing its 50th branch in the Philippines  (which makes me wish Jollibee would expand faster in Malaysia soon) makes me ask, "When are they going to enter the Bangsamoro region?" Some time ago, I wrote a post about how Tealive opening in the Bangsamoro region would be a huge business opportunity . It should be noted that  former Malaysian prime minister, Mahathir Mohamad, saw the potential of the Bangsamoro Region . Tealive isn't a Taiwanese but a Malaysian company where  the company uses only Halal-approved ingredients . Here's a photo from the Manila Bulletin Lifestyle's Facebook page . This was also written about the upcoming Ube series: LOOK: Tealive opens its 50th store in the Philippines at Park West, BGC, Taguig City.  At the event, ube is definitely in. Apart from celebrating the opening of their 50th branch, Tealive unveiled new “UBEr flavors,” cementing the status of the bright purple root as the flavor of the year for 2024 .  The

If there's one thing I can say, after many years in business school, is that the Philippine education system sucks . How can one be an economist and think of economic protectionism and national industrialization as keys to progress? That can be said about development economists even in the best schools in the Philippines . The IBON Foundation made this meme above (and take that #FactCheckPH is using it as a source) to say that charter change is bad. It's a Slippery Slope argument where one assumes that any amendment in the "sacred" 1987 Constitution of the Philippines (never mind that Article XVII is ever-present, meaning it's open for amendments and not set in stone ) would automatically be bad. If they continue to use the first Marcos Administration as a reason to say no to charter change--they better answer why was a new constitution needed to replace the 1973 Constitution of the Philippines. I may have confused national industrialization with the nationalizati

Yes, you got that right! This meme is a fact that Filipinos are the most powerful race in the world. That has been proven by the Trust Me Bro Factcheckers of the Philippines. It's the case of Filipino Exceptionalism. One can read on Facebook something like, "How many times do I have to tell you that the Philippines isn't Vietnam/Singapore/China/Taiwan/Japan, etc.?" Ever read that? If you haven't then you must be exceptionally stupid. That's why the Philippines should never learn from other countries, especially from Singapore. Why are you always listening to foreigners? Why listen to the advice of a stinky Indian when you can have the advice of the best constitutionalist in the world, Atty. Hilario G. Davide Jr.? You say that nations of the world go to Kishore Mabhubani in Singapore instead. Forget them because the Philippines is so unique that it can do everything on its own. It was proven by the greatest president that the Philippines always had, namely Carl