Business & Economics Perspective Blogger

Yes, it's been a day since Typhoon Tino. It was a stormy, scary time, and I thought about how expenses were piling up after I was hit by Typhoon Odette . Thankfully, I had contingency savings at that time. However, with Uswan moving upwards and entering another area of the Philippine Area of Responsibility, I considered the issue of emergency savings. I thought about how Christmas can be the most stressful time of the year, with issues such as traffic caused by last-minute Christmas shopping . This time, I thought about some not-so-surprising statistics on Filipinos. It turns out that   only 2/10  Filipinos have enough emergency savings .  This should be considered disturbing,  and this is another thing I failed to consider in my younger, more foolish years, according to the Philippine Star : Commissioned by insurance firm EastWest Ageas, the PURPLE Report conducted by consumer intelligence company NielsenIQ showed that most Filipinos only have P50,000 in emerg...

October is United Nations Month. I would like to bring up the issue of Atty. Hilario G. Davide Jr., the favorite source and echo chamber of the anti-constitutional reform groups. I wrote an earlier post where I asked to whom Filipinos should listen to between Kishore Mahbubani and Davide, that Davide was actually a former UN diplomat , until such time of his honorable resignation . I Googled "Hilario Davide Jr. United Nations" and discovered Davide actually studied in SOKA University, during the time he was a UN diplomat ! I would even want to share these words written by Davide, 50 years after Soka University was founded. In just fifty years from its founding on April 2, 1971, our SOKA University has more than fully proven itself as the "highest seat of learning for humanistic education; cradle of a new culture; and a fortress of peace for mankind." It has gone beyond the borders of a great nation through various units in other parts of the world and its comprehens...

GMA News When it comes to constitutional reform, I'm afraid one of the worst sources quoted would come from the Makabayan Bloc. Some people I face who are so against FDI also want to end the OFW program. The solution comes out rather absurd, as the Philippines must have its own state where it's all beg and beg . It would be like: "Free education for all! No to FDI for schools!"  "Free lunch in school!" "No to open FDI! The government must fund our local production!"  " Increase the salaries, lower the prices of goods! " (which is just plain bad accounting ) That's just a few of the crazy demands that have been given! My favorite question has always been, "Where will you get the funding?" The usual answers can be: " Print more money! " "The government should just make it a law!" "Tax the rich all the more!" which can often be accompanied by, " After all, it's the fault of the rich that p...

Philippine Information Agency Buwan Ng Wika or Buwan ng Kasaysayan may be over. With September, one can always think of the late Ferdinand E. Marcos Sr., and his use of the Filipino First Policy to nearly, its fullest. The late Carlos P. Garcia, was the enabler . People tend to argue how "great" and how "good" the Filipino First Policy is. Garcia was the first to be buried at the Libingan Ng Mga Bayani . It's effortless to say that Filipino First has no place in the Rising Asian Century (read here ). After writing that piece back in 2024, I'm going to write about glocalization . It's a concept that was introduced to me back in college, but I've revisited the term for this article. Investopedia gives this basic definition of what glocalization is: What Is Glocalization? Glocalization merges globalization and localization, allowing products and services to be tailored to local markets while maintaining a global presence . This strategy adapts global o...

Vietnam Youth Union It's been 80 years since Vietnam achieved its independence in 1945. Some time ago, I wrote about how Vietnam's Doi Moi actually disproves the Trust Me Bro School of Economics . I wasn't too accustomed to researching Vietnam's ironic economic miracle . Vietnam is a one-party state ruled by the Communist Party of Vietnam. The word Communism would evoke fear and terror. What I find funny is that some people are using Vietnam as an excuse not to open up the Philippine economy (read here ). Such misinformed  people think that Vietnam "won this revolution," supposedly self-industrialized from its own treasury before opening up to FDI. In short, some people either believe that (1) Vietnam is an example of how a highly protectionist economy works, or (2) that Vietnam made itself rich before opening to FDI. Both of them are lies. I'll focus on the second point for this new blog post!  Right now, some people say that I'm just another marites...