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...
Tag: politics
Post
‘On the Job: The Missing 8’ is not a sequel but an altogether different story
I’ll cut to the chase. John Arcilla does more than a good job in “On the Job: The Missing 8”; he gives nothing less than a masterclass in acting in the role that’s front and center in a sprawling sociopolitical dramatic thriller about the labyrinthine corruption in Philippine politics and media. If that sounds like the...
Post
Peace and the FVR presidency
In my assessment of the peace process during a conference examining the Fidel V. Ramos (FVR) presidency, I gave his administration the grade of 6 out of 10. Looking back at that event organized by then University of the Philippines president Jose “Pepe” Abueva, since deceased, I concede that it was a stingy grade. It...
Post
From fish vendor to town mayor
I was in Dolores, Eastern Samar, a few weeks ago and had a chance to take a photo of the new mayor of the third-class municipality (annual income: P15-20 million) facing the Pacific Ocean, on a billboard near the port. The story of Rodrigo “Onoy” Rivera, 62, a fish vendor who became mayor, is one...