Shaun T. Dy's Business & Economics Perspective Blog

First and foremost, I'd like to tell people that I don't believe that the Marcos Years were the "golden years". I still agree with economist Cielo Magno that land ownership isn't a factor, since some countries without equity restrictions, don't allow foreigners to buy land. In contrast, inflation and the like were rampant during that time. However, we need to realize that any gains after EDSA 1986 weren't realized. As I was looking at Facebook, a page called Punch the Lies by Atty. Mike Navallo stated this:  FACT: The 1987 Constitution does not prohibit entry of global investors into PH. What it regulates is foreign investment in areas deemed critical such as public utilities; exploration, devt and use of natural resources; and certain investments as determined by Congress. (Art XII)   Public utilities (water, electricity, petroleum distribution, seaports, PUVs) are considered vital to socio-economic devt that's why they're subject to foreign owner

Manuel L. Quezon III"s Twitter Account The first issue I've had is people saying on social media, "No to the parliamentary system because the first Marcos Administration was parliamentary!" It's really something because such people never bothered to do any further research. Please, knowledge isn't that expensive! Benigno Simeon "Ninoy" A. Aquino Jr. even stated, "We had a parliamentary form of government without a parliament." Later on, even Ferdinand E. Marcos Sr.'s own words showed that the Philippines was still presidential . Why would people still insist that it was a parliamentary form of government? Even more, I'm not surprised that some people are saying on Facebook, "Economic charter change is all about term extension." Even worse, it can be from the Philippine mass media. Sadly, the late Lee Kuan Yew was right to fall the Philippine press rambunctious in his book From Third World to First . I can refer the book t

Tealive Asia I've tasted many milk tea brands. However, Tealive is the first one I've tasted that fits into the halal standards. Tealive Philippines has its more or less standard coffee shop food with a halal twist. During the time when the ube flavors came in-- I wrote that Tealive may want to invest in the Bangsamoro region . I checked the Tealive Asia Facebook page and found some items not yet served at Tealive Philippines. One of them is the Nasi Lemak Ayam Rendang (picture above). Historically, the Philippines has had its settlers from Malaysia and Indonesia. Taiwanese natives also descended from Malaysians and Indonesians. I even remember seeing how Malaysians and Indonesians are often mistaken as Filipinos. One might find similar delicacies between Mindanao Malaysia and Indonesia. For example, reading about  25 Malaysian desserts  made me think, "It's closer than expected!" The lokot-lokot of the Philippines is similar to the garajilu of Malaysia or Indones

  It's September and the -ber months are here. It's already known that  the Philippines has the longest Christmas celebration in the world . Christmas can be the most expensive time of the year. In the Philippines, Christmas decorations tend to be out earlier. With Christmas in mind, the keywords and key phrases that come to my mind are "overspending", "last-minute shopping", "buried in debt", "spending beyond your means", "feasting over finances", "just add sugar if it's bitter"--just to name a few of the many financial stupidities during Christmas. Such phrases can be linked to  the Filipino's typical lack of financial literacy . That's why discussing business and economics isn't more fun in the Philippines! It's not just because of financial illiteracy but also due to  economic illiteracy . Even worse, some people still adhere to what the late Lee Kuan Yew would call a third-world mentality . Suc

Đoàn Thanh niên Trường Đại học Ngoại thương Facebook page Tomorrow is Vietnam's Independence Day. I planned to publish  my article on Vietnam's Doi Moi project  today. However, I felt the urgency to publish it because some people on Facebook gossip that Vietnam is supposedly protectionist. While looking at the pages and using Google Translate--I found pictures of Vietnam's Foreign Trade University (FTU) --a university located in Hanoi, Northern Vietnam. Fortunately, there was an English page since I don't speak Vietnamese.  The idea that Vietnam doesn't accept FDI is silly. Those fools at the now-defunct Philippine Anti-Fascist League (and others) believe that Vietnam's only "FDI" is selling its products worldwide. However, this is also found in the  FTU's introduction : Promoting international cooperation has always been recognized as an important measure for the development of the FTU in an increasingly globalized environment. Towards the develo

Vietnam now enjoying the benefits of open FDI Source: Quan Doi Nhan Dan Some fools on Facebook are using Vietnam as a reason why the Philippines shouldn't open to FDI. The Philippine Anti-Fascist League (whose original Facebook page has been deleted) spread the misinformation that Vietnam progressed through protectionism. According to PAFL--Vietnam's real "FDI" is in distributing its products worldwide and not by accepting FDI. The idea is absurd on so many levels. Why would countries around the world want to buy Vietnamese products, if Vietnam wouldn't even allow their MNCs to do business in Vietnam?! Instead of listening to what fools say that Vietnam is a protectionist country--let's dig into an important part of its history. This important part of its history is called Doi Moi--which literally translates to restoration . Before that, I encourage you to read my article on why using Vietnam as an excuse against economic charter change for the Philippines, is

It's still Buwan Ng Wika or Month of the Language. Even if it's not Buwan Ng Produkto or Month of the Product --I still feel the need to write this. It's because schools tend to focus more on Filipino heritage than the Tagalog language. The meme above with Atty. Neri Colmenares of Bayan Muna (last 2016) has an absurd statement. Where do you think the microphone and other stuff that Atty. Colmenare is using, came from ? Atty. Colmenares' statement in complete English is, "The moment you allow entry of foreign products in the Philippines, they will beat down the local businesses and industry." The claim to that claim is baloney . What's Atty. Colmenares going to encourage? Would Atty. Colmenares encourage Filipinos to blame the richer Asian neighbors (read here )? Last August 10, I wrote about asking if the Philippines is poorer because Singapore is richer . I find the statement as stupid as saying the Philippine peso is weaker because the U.S. dollar is str