Business & Economics Perspective Blogger

I'm amazed (but not surprised) at Kabataan Partylist's economic illiteracy . The group seems to be stuck in the pre-Doi Moi days of Vietnam. Do they believe that Vietnam actually got rich through national industrialization? Thankfully, the Philippine Anti-Fascist League Facebook page (old one) collapsed like the Berlin Wall. However, I decided to look at Kabataan Partylist's Facebook page and found another idiotic statement. Yes, it's by Atty. Renee Co. Right now, with the Philippine justice system being so weak (just remember how the Vizconde Massacre and the Chiong Sisters Case are both, case unclosed ), I'm no longer too beholden to lawyers. There are good lawyers but I don't think Renee is one of them! Anyway, to translate Renee's statements in English, it would be like: The real reason behind the oil price hike is deregulation. The government is no longer in control and they're allowing the oil businessmen to increase prices, whenever they wish. Eve...

Foreign Trade University A few days ago, I wrote about Kabataan Partylist needing to learn economics from the Ho Chi Minh Communist Youth Union . Otherwise, I'll continue using Vietnam Youth Union for convenience. Speaking of which, the Foreign Trade University in Vietnam is actually a government-owned university (read here ). For this post, I decided to expand on a point, saying that Kabataan Partylist needs to learn from the Vietnam Youth Union on entrepreneurship . I pretty get jealous of the Vietnam Youth Union members with their practical early immersion.  The  National Defence Journal   of Vietnam gives out this important detail of the Vietnam Youth Union:  Fifth, enhancing the support of young intellectuals to get access to opportunities of work, research, develop ideas, products, and start-up to legitimately enrich themselves, the community and the country. Support the implementation of startup ideas and projects of young intellectuals in practice, making pra...

High School Philippine History Movement Yes, Carlos P. Garcia made his most important contribution to the Philippines--he died! It's sickening how schools condition students to believe in Pinoy Pride Economics aka the Filipino First Policy. If we're to talk about it, some people say, "Oh the Filipino First Policy is so good!" However, if I were to really address it, the Filipino First Policy advocates' list of favorite sources are: The statements of any framers of the 1987 Constitution of the Philippines. They are put at high regard . For example, an old man I met say, "I will not believe anything if it's not from the framers, concerning the Philippine constitution."  Faulty DepEd textbooks that are already notoriously known for factual error , even today! The statement of any priest from the Catholic Bishops' Conference of the Philippines (CBCP). For example, cite the words of Archbishop Socrates Villegas. Garcia is still hailed as a hero and bu...

I would say it as it is that this impeachment process is potentially a waste of time. That's why I've been an advocate for the Philippines to go for the parliamentary form of government. If we were in a parliamentary system, Vice President Sara Duterte-Carpio would've been subjected to a vote of no confidence . In short, if Sara loses, she loses  and she would need to step down.  Moving on, I recently read that the Makati Business Club said delaying Sara's impeachment trial, could turn off political investors . Some time ago, someone even said that nobody would want to invest in the Philippines, because of a political dynasty. Please, don't tell me that the late former president Benigno Simeon "Noynoy" C. Aquino wasn't part of a political dynasty! We blame everything except the nonsense 60-40 restrictions! We blame it solely on government corruption, never mind that the 60-40 policy is also something loved by corrupt politicians !  The Makati Business ...

Back in 2022, I wrote an essay describing the obsession with ayuda . It's crazy how the Makabayan bloc composed of groups like Bayan Muna, Gabriela, and Kabataan Partylist, are obsessed with ayuda . It's utterly hypocritical to complain about spending PHP 10,000.00 (or more) to amend the constitution from its defects. However, they have no problem giving PHP 10,000.00 ayuda (proposed) to lazy people who do nothing all day. It's one thing to give people with disability (PWDs) their ayuda. It's another thing to give ayuda for people who are  still capable of working. 4Ps is supposed to be a conditional cash transfer program . People are supposed to do what's required, or they don't get the cash to be given. Anybody wasting their money are to be removed from the program.  The problem with several anti-reform people (such as those who belong to the Makabayan bloc) is they may have a beggar mentality . They would demand for wage increase (never mind that wage increas...

I saw this post shared on Facebook. Fortunately, the person's name has been cropped out,  so I don't have to censor it using MS Paint or Affinity Photo. I would like to address why 60-40 is a huge issue. I don't like relying on ChatGPT or any AI for the answers. I would only use AI to help me find the source. Now, I would like to do some common-sense refute with this. Of course, I'm expecting more people to still be 60-40 apologists. I'm going to present my argument. First and foremost, whoever this person is (and it's best that I censor his/her name out) has no idea about different types of FDI restrictions We're already in the Internet age or the digital age . Should we only rely on gossip from a limited group instead of searching for other sources? Are we still stuck with the favorite sources such as the 1987 Constitution framers, faulty DepEd textbooks, biopics, etc.? The person, whoever he/she is, has no idea about the different restrictions in the coun...

I was planning to write sparingly, as sparingly as possible. More is less in blogging, right? However, I decided to write about this because I'm reading several Facebook comments on the Philippine Star Facebook page . Isn't it amazing how the education system of the Philippines is so bad? I've heard DepEd textbooks have never improved  until today. Filipino First Policy still good? People still insist that equity restrictions embedded within the "holy and infallible" 1987 Constitution of the Philippines, are for security reasons (read here )? It's just plain stupid if you ask me!  This is an excerpt from the same article on the Philippine Star : MANILA, Philippines — Unlike Thailand, Malaysia and other regional peers, the Philippines lacks the fiscal capacity to provide government subsidies to shield Filipinos from rising electricity costs . “It’s not possible. The subsidy comes from the Universal Charge for Missionary Electrification (UCME),” Energy Undersecr...

China Daily HK Tomorrow is Ho Chi Minh's birthday. I would like to raise another FDI issue between democratic Philippines and Communist Vietnam. I remember with a certain woman I'll call Miss Clueless, to respect her privacy. Miss Clueless probably never saw a map, called FDI as Favored Duterte-China Investments, and I told her the bigger problem with the constitutional restrictions. Miss Clueless kept talking about that the late Benigno Simeon "Noynoy" C. Aquino III made us a tiger economy, regardless. However, I wrote that relying too much on Noynoy's economic legacy, is pretty much landing into the same fatal mistake that Nokia did . Relying on past successes is a surefire recipe for failure. As Miss Clueless blamed former president Rodrigo R. Duterte, the person still believes that people must change first before systems. I asked her, "Why are people choosing Communist Vietnam over the Philippines." The reason I heard from Miss Clueless was something...