Shaun T. Dy's Business & Economics Perspective Blog

I read through some arrogant fat guy's Facebook post. As always, I will not openly or directly mention him. He shared a post from the Philippine Star which mentioned that more than half or 54% of chief executive officers (CEOs) are worried about the viability of their business beyond the next decade without implementing changes to their business model, according to a PwC survey. He wrote and said that the solution for tangas (inattentive in English) is for open FDI. I wonder if that arrogant fat guy ever bothered to read the article ? PwC means  PricewaterhouseCoopers International Limited , which the survey was conducted, is a multinational firm . The arrogant fat guy hates FDI but when he's confronted about his use of imported stuff, stuff made by capitalists, etc.--he always has his arrogant answers such as, "Oh no! Not the imported stuff card again!" I believe the fat guy believes that he and his kind have "no choice"--because the foreigners "unfair

Whoever made this meme is laughable! It's really laughable at the extent people will defend the Filipino First Policy. Some people even make the late Carlos P. Garcia some kind of hero (and he's buried at the Libigan Ng Mga Bayani, translated as Heroes' Graveyard). Eventually, the late Ferdinand E. Marcos Sr. was laid beside him in that same graveyard. Not exactly ironic if you think that Marcos Sr. himself used economic protectionism as part of his policies.  The  UP School of Economics   states that the first Marcos Administration was heavily protectionist . Under the second Marcos Administration under Ferdinand R. Marcos Jr.--the talk for economic charter change is there. It gets clouded with talks about how economic charter change means giving the Philippines to China (and the same gossip is said to federalism, and China is a unitary state ), doing Ad Hominem attacks on Senator Robinhood Padilla (read here ), and saying that it will just allow POGO, Chinese spies, and F

VNUA Some time ago, I remember the   now-defunct  Philippine Anti-Fascist League Facebook page. One of its administrators (and I heard that it's actually run by a group of Gen-Z brats) berated the CoRRECT Movement. I'll put a screenshot of that statement made by one of the administrators (and I heard one of them was just a 13-year-old brat at that time). For the sake of non-Tagalog speakers (although the Philippines is my default target readers), I will translate what this prick of an administrator wrote on their  now-defunct  Facebook page. Although it's already been taken down, I believe the need to continue refuting their past arguments along with other similar pages. Refute them using common sense and research data from economists from  first-world countries ! The translation goes like this: Vietnam won the revolution, and they had a national industrialization and agrarian reform. What Vietnam's "Open FDI" means that the koriktor (a mockery of Corrector) a

Radio Free Asia Some Filipinos on Facebook continue to comment that the problem is corruption , not the economic provisions of the 1987 Constitution of the Philippines. Why do they treat the current Philippine constitution like some religious text, when Article XVII allows amendments? They blame corruption but they don't realize that Vietnam, despite its status as a Communist country and its corruption charges, has become more feasible than the Philippines. If I recall correctly, Kathy Yap-Yang of ABS-CBN, also asked that question on ANC. People could blame Rep. Gloria Macapagal-Arroyo's expensive dinner . The USD-PHP dollar exchange rate in 2009 was on average, PHP 34.27, meaning that Mrs. Arroyo ate dinner worth PHP 685,400.00. What might be ignored is that President To Lam from Vietnam, who was the top cop in the country at that time, also had a costly dinner . All that happened after To Lam and his fellow comrades of the Communist Party of Vietnam laid flowers at Karl Marx&

The Kahimyang Project It's June 12 again tomorrow, isn't it? It was said, "The 100th year of Philippine Independence only happens once." There were even a lot of jokes about Philippine Independence Day during the 1990s. Now, it's the 126th celebration of Philippine Independence Day. One could always brag it's the first country in Asia to be independent. However, the Philippines gained real independence from foreign powers on  June 4, 1946 . The United States of America (USA) never granted the Philippines independence immediately. There was still the Commonwealth government and the Japanese occupation. Some people may use the Philippine Independence celebrations to say no to economic charter change.  It's one thing to defend the Philippines from foreign intrusion in the West Philippine Sea . It can be easy to talk about POGOs--these are obviously illegal operations . However, some people can be foolish enough to confuse invasion with investment. One article

Do econ cha-cha opponents have no choice because FDIs "unfairly" own the means of production (read here )? There's always the tendency to say that they participate in capitalism because they have "no choice" but to participate in it to survive. The screenshot above is of Rosario Guzman of the IBON Foundation . They say that the business owners "unfairly" own the means of production (read here ). The photo above makes me laugh because why in the world are they using a MacPro ? I ask, "If you hate capitalism, why use Apple?" They have their usual rhetoric that it's because the workers should own the means of production as if workers were the ones who bought the equipment. It's as if the workers become the most liable for bad business decisions. One wrong check mark and the company may go south. Another question to fire is, "Did society force you to buy Apple products which you know for well, is rather expensive?"  This may mak

Wired   I'm out of topics to write for now. However, I'd like to reminisce about some crazy experiences in business school more than 20 years ago at the University of San Carlos-Downtown Campus. I had a marketing professor who one might say has OCD. She was very particular about case studies. She would really warn the class about failing them. Sure, I was able to finally make up for that missing activity so I don't get an NC. I do love that teacher for her meticulous detail. I had many ups and downs with that teacher. In my case, I'd like to discuss an out-of-league case study in a marketing class. The third and fourth case studies were made individually because free riders were becoming common. It was time to look for volunteers. I volunteered to be in the first. I discussed airline rates in a price war. I lost the soft copy because it was from an old PC. I doubt the business administration department will let me dig into their archives. A classmate wasn't paying

As talks for economic charter change (read why we need it now here ) are on (or I'd better call it economic constitutional reform ), I'm not surprised at opposition (for the sake of it) on Facebook . Back in 2021, an economist I admire named Andrew James Masigan wrote about the need for economic charter change . As you already know, I'm not an economist but I'll clarify that gossip against economic charter change is getting prevalent. It's sad that many Filipinos (if ever) still can't understand what foreign direct investment (FDI) is. Some of them believe in lies such as (1) accepting FDI means solely relying on foreigners (read my rebuttal here ), (2) that only FDIs will get rich if they invest in the Philippines (read my rebuttal here ), (3) that it will just benefit the oligarchy (read my rebuttal here ), (4) that FDIs are invaders (read my rebuttal here ), (5) that FDIs will only provide jobs for foreigners and none for Filipinos (read rebuttal here ), (6)