Having a secondary income stream is such a big boost in this happy time of the year. It can be done through online trading, which is also something that folks who look to close the year strong with an investment can seriously consider. Online trading is a little more complicated than traditional investing, but it’s still...
Category: Business
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‘Maharlika Wealth Fund’ is uniting Filipinos in resisting it
The cost of administering the Maharlika Investments Fund (MIF), the Philippines’ sovereign wealth fund to be established should the bill seeking its creation be passed into law, is alarming many Filipinos. Its ability to generate the “consistent and stable investment returns” that its proponents tout is also raising loud questions. One wonders how the Fund...
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Endless want, endless Christmas
The Christmas holiday season in the Philippines starts in earnest after All Souls’ Day. Gift lists are updated, the holiday-party, vacation and reunion schedules finalized. Weeks prior, the mall and tiangge merchants are already on holiday marketing mode, playing carols to set the mood and reeling in customers with irresistible discount sales. But now is...
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Advocacy merch and the ‘latag’ economy
With the unfolding and evolving drama on Twitter comes the predictable worry that dialogue—whether mindless or profound and operating in so-called real time in a space that one has gotten used to—has been interrupted. For frequent Twitter users, the basic question boils down to this: How can they now make known their thoughts and opinions, as well...
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Tax the rich: 9 reasons for a wealth tax
Rising inequality has been an inescapable phenomenon of global economic development over the past 200 years. Per the United Nations’ Sustainable Development Goals, growing inequality affects 70% of the global population and threatens “long-term social and economic development, [harming] poverty reduction and [destroying] people’s sense of fulfillment and self-worth,” all of which “can breed crime,...
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The dubious legacy of the Marcos debt
As the nation marks the 50th year of the declaration of martial law on Sept. 21, 1972, it is relevant to recall how that chapter in Philippine history has affected the country and its people. Three months after the ouster of the Marcos regime in February 1986, a group of 16 economists from the University...
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Macquarie to invest $1.2B in Asia’s largest floating solar plant in Laguna Lake
Singapore-based Macquarie Capital has committed to invest at least $1.2 billion in the Philippines to build a 1,300- megawatt (MW) floating solar plant on Laguna Lake, touted to be the biggest of its kind in Asia. The investment firm signed a letter of intent during the state visit of President Ferdinand “Bongbong” Marcos Jr. in...
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Who’s misinforming the public on the debt service?
An issue has arisen on what exactly are the Philippines’ debt service obligations. Contending parties from the government and the media have issued contradictory statements on how to define the debt service: The government claims it is manageable; some in the media are raising alarm bells. Last Aug. 24, Budget Secretary Amenah Pangandaman was quoted...
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Food security? Ease the plight of farmers first
The issue of food security is in the headlines these days because of the attention the new administration is giving it and the fact that the new president, Ferdinand Marcos Jr., has positioned himself as head of the Department of Agriculture (DA). I have been living and working in the Philippines for 20 years, and...
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No contact apprehension: Can cameras end the traffic mess?
Have you ever opened your mail and found a notice of violation (NOV) jolting you with a fine of P2,000, or even P4,000? Your immediate reaction might well be “What the [expletive]!”—and understandably so. But then you’ll realize that the attached digital image of a vehicle shown, supposedly, running a red light or making an...