The number of people exploring online trading continues to grow, for good reason. Online trading provides an opportunity for buying and selling stocks, currencies, commodities, and other financial instruments through a trading platform easily accessible via the internet. It is a viable means to create an additional income stream and build generational wealth. But because...
Category: Business
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‘Let’s not be blind to history’ in enforcing new rice production program
The strongman Ferdinand Marcos Sr. was said to have achieved some measure of success in “Masagana 99,” when farmers harvested more palay per hectare in the late 1970s. Backed by new technology, high-yielding varieties, cheap fertilizers and the construction of megadams in Luzon, the rice production program yielded modest surpluses for farmers for one or...
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Opposition to the Maharlika Investment Fund continues
Last May 31, with lightning speed, the Senate passed the controversial Maharlika Investment Fund (MIF) bill in a plenary session that ran until 2 a.m. Until the end, critical lawmakers’ questions were unanswered and their concerns unaddressed. Because the House of Representatives subsequently accepted the Senate version in its entirety, the bill was no longer...
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Users want GCash to disclose what really happened
On the morning of May 9, GCash issued an advisory intended to assure its millions of users: “We’re back!” The advisory was posted after GCash extended a scheduled maintenance job “to investigate and determine that no hacking had occurred” the day before, when unauthorized deductions were made on certain accounts. The downtime that prevented users...
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Contract awarded for world’s largest floating solar project
The government has awarded to SunAsia Energy Inc. and Blueleaf Energy the contract to build and operate the world’s largest floating solar project in the Philippines. The project has a cumulative capacity of over 750 megawatts (MW). The move is viewed as a milestone in the Philippine energy sector, with the Department of Energy (DoE)...
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Southeast Asia’s economic perils
The easing of pandemic restrictions and the opening up of economies saw Southeast Asia’s growth for 2022 being calculated by the Asian Development Bank (ADB) at a higher 5.5% from an earlier estimate of 5.1% “on stronger-than-expected domestic consumption, exports and services, particularly tourism.” Downplaying the Philippines’ seemingly impressive 2022 growth of 7.6%, economist JC...
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Imagine if gov’t allocates P15B for PUj modernization
That amount is equivalent to only 14.7% of the budget for the planned Mega Manila Subway (P102 billion), which is expected to carry 370,000 passengers per day. It’s also equivalent to just 9.8% of the budget for the planned North-South Commuter Railway (P152 billion), which is expected to transport 400,000 passengers per day. It’s likewise...
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Jeepney driver says: Let us run our own show
By all means, phase out the traditional jeepneys, but let the operators and drivers modernize on their own—basically, run their own show—without the need of a cooperative that may only serve big business. This, in essence, is jeepney driver Rey Escanilla’s stance on the government’s fresh push to modernize the Philippines’ iconic “king of the...
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Needed: a just transition for jeepney drivers and operators
EDITOR’S NOTE: What was intended as a weeklong strike starting March 6 to protest the phaseout of traditional jeepneys was ended late the next day by strike leaders after a meeting with officials in Malacanang. Manibela chair Mar Valbuena said the protesters were banking on President Ferdinand Marcos Jr.’s directive to concerned agencies to fully...
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My understanding of economics
High prices often confront us. Government is trying to control inflation, which is increasing beyond its desired levels—an ideal of about 2% annually but currently is about 9%. Why do prices increase and why do they drop? Why do things appreciate and increase in value over time? Why do they depreciate? Market forces, we are...