In a recent forum at the University of the Philippines (UP) Diliman, an economist, a biologist, a political scientist and a physicist questioned whether the proposed US-led Pax Silica hub would bring meaningful industrial development to the Philippines, or leave it bearing the environmental and economic costs of another foreign-led venture. Before the Philippines builds...
Tag: Cielo Magno
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Gov’t can ill afford Palace’s ‘populist’ policies on rice, says ex-finance official
The Marcos administration’s imposition of a price cap on rice and new prices for palay as well as its subsidy for rice retailers could be “costly” to the government, according to resigned finance undersecretary Cielo Magno. The government can ill afford the costs arising from the three policy packages because these are not part of...