Shaun T. Dy's Business & Economics Perspective Blog

Art by Hugo Yunzon It's finally August or Buwan Ng Wika (Month of the Language), though it may be better to call it Buwan Ng Kultura (Month of the Culture). Buwan Ng Wika programs tend to focus more on the uniqueness of several types of Filipino people. What I recall back in my high school days (late 1990s) is how I was asked to play an "American" in a Buwan Ng Wika program. There were also other people asked to portray the Chinese traders, Arab traders, Indian traders, and the Japanese occupation. It would be good to do a review of the pre-colonial Philippines. The name Philippines was derived from the Spanish king, King Philip. Back then, the natives were called Indios which sounds very similar to Indonesia . Yes, most Filipinos are either Malay or Indo. A look at the Indonesians and Malaysians would have one mistake them for Filipinos. A note is that the Chinese population there usually speaks Hokkien.  From Purdue Filpino --here's some basic information about Fili

Two years ago, I wrote about the socio-economic cost of Pinoy Pride Economics . It might be better to call it Pinoy Fried Economics because such mentalities have caused the Philippines to fail. Pinoy Pride Economics  has  fried  up any potential for the Philippines to improve. As it's August, the month is commonly called Buwan Ng Wika (month of the language), the celebrations tend to focus more on the celebration of Filipino Culture instead of Tagalog. I remember Buwan Ng Wika programs tend to showcase how cultural exchange evolved the Filipino Culture--such as showing the Chinese traders and Americans in their interaction with Filipinos. On this very first day of August, I'll discuss the problem of the Filipino vs. Foreigner dichotomy. Last I re-studied Filipino History, I never saw it as once free from foreign influence. The Chinese traded with the Philippines--way before the Chinese Communist of China (CCP) caused trouble because of their country's terrible leadership .

It's really annoying when people keep up with their #SahodItaasPresyoIbaba economics. It's easy to ridicule me because I'm not using a domain, unlike sites like the IBON Foundation. However, they may be very beholden to the WordPress blog of Atty. Teodoro "Teddy" A. Casiño (which is currently not as updated as intended, presumably due to his busy schedule as a lawyer), which is a free domain just like BlogSpot. Now, I'm going to write another post on the job market. Since I'm being belittled because of my lack of degrees like the Monsod couple (I'm neither a lawyer nor an economist) or the people at IBON, I'm going to quote other sources.  Graph taken from CFI I came across the Corporate Finance Institute   (where I got the graph above) where I found a useful article on the job market. This would be to help me understand why salaries just shouldn't be increased (or decreased) at a whim . This would also help understand how allowing more MNCs to

I could remember how useless the Chinese classes were, not because Chinese is a useless language (there are actually over a billion speakers worldwide), not because the Chinese teachers were stereotypically very strict (Grade 2 was strict, Grade 3 was even stricter than Grade 2, Grade 6 was said to be the strictest ), but because of the way Chinese was to be taught. That's why I got encouraged to write about learning Chinese through meaningful conversations, not parroting . Fortunately, those old Sinjiang textbooks are no longer available except for museum purposes (read here ).  Just looking at this question and answer sweet from Ling Ling Mandarin's Instagram account--I remember what my Grade 4 Chinese teacher said, "If you want only one bon toi (question and answer), go back to Grade 1. But I don't think Grade 1 only has one bon toi." The problem with the old class was that we had to learn Hokkien before learning Mandarin. I confess my Hokkien is really bad. Th

The Express Tribune The recent Microsoft Global Outage was caused by Crowdstrike. Since I'm no IT or CS expert--it's better if I let them talk in the news. From BBC News , here's a detail from Crowdstrike that reveals the root cause of the problem has been systemic with an update: This is still a little unclear. CrowdStrike is known for producing antivirus software, intended to prevent hackers from causing this very type of disruption. According to CrowdStrike boss George Kurtz, the issues are only impacting Windows PCs and no other operating systems, and were caused by a defect in a recent update . "The issue has been identified, isolated and a fix has been deployed," he said. "This is not a security incident or cyber-attack." What exactly was wrong with the update is yet to be revealed, but as a potential fix involves deleting a single file, it is possible that just one rogue file could be at the root of all the mayhem. Thankfully, those who created th

  Last time, I wrote about Jollibee purchasing 70% shares ownership of Compose Coffee . It's easy to shout, "Pinoy Pride! The Philippines has conquered South Korea." I mentioned in that same article about one of my favorite tea franchises--Gong Cha. Gong Cha Korea currently owns 70% of the shares while Gong Cha Global owns only 30%. The big question is did South Korea just "conquer" Taiwan in what it did?  Pinoy Pride Economics (read about its socio-economic costs here ) might say yes to that. They might use Gong Cha as an example saying, "Are you crazy? Look at what happened to Taiwan! South Korea just checkmated it as Gong Cha Korea now owns 70%!" A good question to ask is, "If that's so why does Taiwan still remain a sovereign state and not bought by South Korea?"  Pinoy Pride Economics would rejoice with Jollibee growing worldwide but not in MNCs investing in the Philippines. Did they really think the Philippines checkmated South Kore

Yes, you read it right--Jollibee is set to acquire 70% of the shares of South Korean coffee brand Compose Coffee. This is an excerpt from the Philippine Star Global : JFC’s wholly owned subsidiary Jollibee Worldwide Pte. Ltd. (JWPL) is set to acquire majority shareholding of 70 percent in Compose Coffee Co. Ltd. and JMCF Co. Ltd., collectively called Compose Coffee, for approximately $340 million . Titan Dining II LP and Elevation Equity Partners Korea Limited will hold the remaining shareholdings in Compose Coffee with effective interest of five percent and 25 percent, respectively. Through JWPL, JFC has a 90 percent participating interest in Titan Fund II , which is focused on strategic investments in food and beverage concepts with the objective to further grow in Asia Pacific food service brands and bring strong global food service brands to the region. It's effortless to start the cheer and dance when a Filipino company opens abroad. This is a meme by the CoRRECT Movement on F