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IBON Foundation's FLAWED Proposal in "Follow the Money"

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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 However, I'm focusing on the argument of IBON because how can an economic think-tank even keep suggesting proven,  outdated economic plans?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...
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The Rags to Riches Story Behind Lao Gan Ma, the Famous Chinese Chili Sauce

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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...
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Was Benigno Aquino III's One-Term Presidency Enough to Go Beyond Rising Tiger Philippines?

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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....
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