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Showing posts with the label Filipino First Policy

A Sensible Middle Road on My Stance with Pax Silica?

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Britanica The Pax Silica deal can set out many false dichotomies . We can think about dichotomies like pro-AI vs. anti-AI. Filipino Pride vs. Colonial Mentality, etc. However, it's possible that a person can be for FDI, for AI, and oppose Pax Silica on other grounds . For example, I found some people who actually comment on Facebook like: "Yes to FDI but let's be careful about what we allow." "We can allow 100% FDI, but I don't think the Philippines is fit for Pax Silica." "I'm for AI, but let's face it, we need to think about nature first."  It's a good thing that I'm reading some who oppose Pax Silica aren't raising alarmism like Kabataan Partylist is apparently doing . Right now, I can't really say if I'm for Pax Silica or against Pax Silica. It's because I'm for FDI,  but I'm not for FDI without  reasonable restrictions. What I want to do now is to do some analysis on the situation. Why I definitely w...

Does Kabataan Partylist Really Understand Economics in Opposing Pax Silica?

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Right now, I reserve the right to be critical of Kabataan Partylist. Kabataan Partylist is part of the Makabayan Bloc. I often get insults on Facebook, like saying, "Where's your mass base like Kabataan Partylist?" or "Have you rallied enough like Kabataan Partylist?" That's the "You Too Fallacy". As always, it becomes Makabayan Bloc's mindset to stick to what I call "Vietnam War Economics". The late Lee Kuan Yew would call their mentality a third-world mindset . Here's a post by Kabataan Partylist on their Facebook page: KABATAAN: Marcos Continues to Submit to Washington; Down with the Pax Silica Framework! House Assistant Minority Leader and Kabataan Partylist Rep. Atty. Renee Co expressed fierce condemnation today over the impending November finalization of the predatory Pax Silica framework, calling it an “outright declaration of economic warfare and imperial exploitation against the Filipino people.” With the Philippine gove...

Do My Fellow Filipinos Understand the ECONOMIC WHY Behind High Electricity Rates?

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Yes, it's official, and it's sad. Recently, the Philippines has had  the highest electricity rate in Asia. Right now, I feel like that, even as a casual blogger, I still feel the need to react to current events. After all, this is a business and economics perspective blog . Now, going back to the topic, the Philippine Star (the blatant source of the picture above addresses the issue.  The blow was even felt in the Visayas, with Southern Leyte Electric Cooperative recording the highest on-grid residential rate at P16.57 per kilowatt hours (kWh), 32 percent up from a month ago’s P12.53 per kWh. Manila Electric Co., the country’s biggest power distribution utility that serves Metro Manila and nearby provinces, was also among the top distribution utilities with high rates. In June, its residential rate reached P14.48 per kWh. It's annoying, but social media comments can show downright economic ignorance  As always, I will not directly shame people, but their comments . In fa...

Indonesia's Barito Group's $5 Billion Offer to Buy EDC isn't an Trojan Horse for Invasion, It's an INVESTMENT

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Some time ago, I remember writing about Jollibee's acquisition of Shabu All Day  and Compose Coffee . It might be easy to scream to the top of one's lungs, "Pinoy pride! The Philippines is taking over the world ! However, when news like t he recent plan of the Barito Group from Indonesia to purchase the Energy Development Corporation of the Lopezes  for $5 Billion (which might be in USD) arrived, I'm getting comments like: "This should be blocked by the Philippine Competition Commission!" "Foreign ownership of such a big percentage of our electrical generating capacity might have national security implications." "What does this mean for the Philippines' energy future? Maybe a higher price increase? The Philippines is selling everything! "The Philippines has its own but keeps selling everything." I wonder if the same people who are writing their comments danced, thinking that the Philippines was "conquering the world" th...

A Tale of Two Economic Policies: Why Vietnam's Doi Moi BEATS the Filipino First Policy

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Updated on: July 18, 2026 Last July 7, 2026, I read an article from ABS-CBN called " A tale of two economies: Why the Philippines now lags Vietnam ". I found the art above on Facebook; perhaps it's AI art that shows the Philippines lagging behind Vietnam. The Philippines used ot be ahead, but what happened? Speaking of ABS-CBN, I'm still reminded of how the network has the tendency to be hostile to constitutional reform. Now, putting that aside, I'd like to share an excerpt from the article, for a start: The Philippine Department of Economy, Planning, and Development (DEPDev) admitted that the Philippines has been on a slow growth pace for the past decades. Secretary Arsenio Balisacan said many ASEAN neighbors have outgrown the country, including Vietnam. “If you’re asking why we are poor, the big part of the story is the country has not grown as fast as our neighbors,” Balisacan said. Comparing the Philippines to other ASEAN neighbors, Singapore’s GNI per capita ...

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...

Accepting FDIs isn't a Threat to Philippine Independence, It's All About Developing Economic INTERDEPENDENCE

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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...