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Showing posts with the label Filipino First Policy

The Filipino First Policy May Actually be Encouraging Dummy Investors Instead (Even with the Anti-Dummy Law)

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I wrote a post where I discussed whether or not Alice Guo (and I heard her real name is supposedly Guo Hua Ping) should be a reason to say "No to economic charter change." A certain idiot I've dubbed Porky Madugo even wrote this on his Facebook account: Back on topic, I would like to emphasize that the Filipino First Policy may actually be encouraging dummy investors instead of discouraging them. Some people may use Alice to say, "See, I told you so, you (insert demeaning name)! If Alice can enter so easily, what about we allow 100% FDI and China buy us all!" That's the logic of that certain Porky Madugo, whose name and picture I blocked, despite my immense dislike for his stupidity. If Alice has been faking it  by lying she's a Filipino citizen (and sadly, this incident has been used to justify hatred against Chinese Filipinos), then the real root cause is this. The Filipino First Policy makes it too difficult for foreigners to do business in the Phili...

Some Filipinos Still COULDN'T Tell the Difference Between Foreign Direct INVESTMENT and Foreign INVADERS

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Bombo Radyo Cebu  Today is National Heroes Day 2025. Why do I feel that Buwan ng Wika (National Language Month), alternatively called Buwan ng Kasaysayan (National History Month), has been used to justify the Filipino First Policy, which caused the Philippines to fail? Some time ago, and it wasn't Buwan ng Wika, I actually wrote an entry begging Filipinos to abandon the thought that foreign investors are foreign invaders .  Whether we want to admit it or not, even the meaning of the words investor and invader are too different. A simple dictionary definition would show that investor and invader are two different words . An investor is "a person or group of people that puts its money into a business or other organization in order to make a profit:", according to the Cambridge Dictionary . Meanwhile, the Cambridge Dictionary defines invader as "an army or country that uses force to enter and take control of another country:". Big difference! Get more dictionaries ...

Should the Philippines Rely SOLELY on Filipino Economists, for Economic Advice?

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In the Philippines, I associate August not with National Language Month but with National History Month. The Buwan ng Wika (Month of the Language) programs tend to showcase more on cultural heritage and history . However, it was in August of 1934 when the National Economic Protectionism Association was created. Again, let me remind people that protectionist measures should only be enacted as legislation, not enshrined in the Philippine Constitution. It's more than time to address how Pinoy Pride is often associated with making even socio-economic decisions (read here ). That's what I call  Pinoy Pride Economics --something akin to Filipino First Policy .  It should be crazy that a certain fat guy with glasses said something like, "Why are you looking for foreign economists to see what needs to be done with the Philippines? Idiot, if you want to change, ask our local economists like the Monsods." What should even be funnier is that the guy advocates Communism , an ideo...

Senator Kiko Pangilinan SHOULD Prioritize Economic Reforms in the Constitutional Amendments

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It can be easy for some Filipino social media influencers to rejoice that Senator Francis "Kiko" Pangilinan has taken over Senator Robin Padilla. I confess I never voted for Padilla because I don't like voting for celebrities. However, Padilla has been more active in reforming the constitution than most lawyers. It's easy to talk about Padilla's bad-boy image in the 1990s. However, Padilla was right in some areas where lawmakers could be wrong.  Right now, I want to present this post, not to derail Pangilinan, but to give some constructive criticism, as a taxpayer. Just because I'm a nobody doesn't mean that I should just shut up and never talk. Unfortunately, is it me or do many Filipino youngsters, yesterday and today, have been taking the national heroes for granted ? Talk about voting for the late Benigno Simeon "Noynoy" C. Aquino III, without thinking that his father, Benigno Simeon "Ninoy" A. Aquino Jr., actually risked his neck t...

Philippines' Obsession with Symptoms vs. Singapore's Obsession with SYSTEMIC Solutions

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Lawrence Wong's Facebook Page Happy 60th anniversary to Singapore. I could remember the first time I went to Singapore. It was when I experienced a city far better than Cebu City. It was a fine city because you get fined  a lot if you refuse to keep the place, clean and orderly. It's that fine that makes Singapore a fine city. As Singapore hits 60, it reminds me that Singapore was once an impoverished country , as documented in the late Lee Kuan Yew's book From Third World to First . What truly sickens me, though, is how often LKY's words on the Marcoses are held high, all the while his useful economic advice is often ignored (read here ). In fact, we have stubborn Filipino boomers who can quote LKY in one moment, then they would choose to listen to Atty. Hilario G. Davide Jr. instead of the  more proven Kishore Mahbubani (read here ). The Philippines' obsession with symptoms (short-term) I was thinking about the logic of Facebook pages like Silent No More PH . Do t...

How Do Pinoy Pridists Propose to Pay Growing National Debt?!

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Bombo Radyo Cebu  It doesn't take a doctorate in economics at (insert prestigious university) to understand that Makabayan Bloc is a bad joke . For example,  Kabataan Partylist  has a real lack of knowledge of economics. That's why I wrote that Kabataan Partylist will need to learn economics from the Ho Chi Minh Communist Youth Union . Just thinking about what Makabayan bloc wants irritates me to no end. Come on, Atty. Renee M. Co is a lawyer,  and Raoul Daniel A. Manuel is a mathematics major. Raoul is a mathematics major but how could he promote the idea of increasing salaries while reducing prices at the same time?  This is a proposal made by Kabataan Partylist some time ago. I could just imagine what the Ho Chi Minh Communist Youth Union, aka the Vietnam Youth Union, would have to say about that. If Makabayan bloc members understood basic accounting and economics, they wouldn't be saying such stupid stuff (read here ). It's because a wage increase is only be...