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Makati City
Friday, January 20, 2017
By Butch Fernandez, Recto Mercene & Catherine N. Pillas AS real-estate mogul and business magnate Donald J. Trump ascends to the presidency tomorrow, January 20, emerging economies are speculating how the United States’ ties with Asia, solidified during former President Barack Obama’s term, will evolve. Foreign direct investment (FDI) from the...
FOR those used to air travel, it’s easy to doze off on your seat, especially if you know it’s going to be a long flight.  But when you wake up only to find out that you’re still on the tarmac you should have left an hour ago, you just...
By VG Cabuag, Lorenz S. Marasigan, Jonathan L. Mayuga & Joel R. San Juan DESPITE challenges experienced by the equities market and the new administration of President Duterte, players and government officials remained optimistic of the new year. Market executives noted that 2016’s biggest lowdown was the failure of the Philippine Stock...
By Rea Cu THE credit-card industry in the Philippines is seen to grow over the coming years, as more consumers rely on using financial cards for their transactions and payments, according to a report from the Euromonitor International. According to the 2016 Euromonitor report “Financial Cards and Payments in the Philippines,”...
By Rene Acosta & Jonathan L. Mayuga FROM North to South, the war with the Moros and communist rebels has caused years of political and economic stagnation for the country, political leaders, who have dealt with the two conflicts, said in their lexicon. It is for this reason President Duterte is...
By Roger Pe | Special to the BusinessMirror WHEN asked on how the Philippines is preparing for its 6th, 7th or 8th million foreign visitor, Tourism Secretary Wanda Corazon T. Teo gave a visionary answer: “I want to compete with Bangkok and the best of Asia.” “I want to take the...
By Catherine Elizamarie N. Pillas & Jonathan L. Mayuga AT past 6 in the evening, P. Campos Street in Dasmariñas City, Cavite, is engulfed by a gray mist. There Susan (not her real name) stands almost every day for five days. There, just outside the gates of a housing subdivision...
BECAUSE the Philippines is a laggard in railway infrastructure development in the region, the Duterte administration has grown obsessed in building a number of train networks across the country to enhance connectivity among provinces and cities. Transportation Assistant Secretary for Rails Cesar B. Chavez admitted that the new administration is...
AMID the pomp and poise in the August halls of Malacañang stood an unassuming young man. Magiting Gonzales, a person with autism, was dressed for the occasion and patiently waited for his turn to receive an award from the President. It was 2011, and Magiting, Filipino for valor, just brought...
WASHINGTON—Donald Trump claimed his place on Wednesday as America’s 45th president, an astonishing victory for the celebrity businessman and political novice who capitalized on voters’ economic anxieties, took advantage of racial tensions and overcame a string of sexual-assault allegations on his way to the White House. Sri Vasamsetti, 22,...
The dollar plunged, as Republican Donald Trump pulled ahead in critical battleground states in the US presidential race, shocking foreign-exchange traders who had all but priced in a Clinton victory. A broker reacts as President-elect Donald Trump shows up on a television screen at the stock market in Frankfurt,...
The government of Canada immigration and citizenship web site crashed on Tuesday night, presumably under the weight of anxious Americans worried about their status under a Trump presidency. A spokesman for that office did not immediately return a request for comment. Moving to Canada is not quite as simple as...
By Roger Pe OZAMIZ was one of the original four Mindanao cities, along with Davao, Zamboanga and Cotabato, when development of the country’s second-biggest island was just starting to be felt. It was formerly a Spanish town called Misamis, a name people say came from the Subanon word Kuyamis, a coconut...
By Joel R. San Juan & Jonathan L. Mayuga POVERTY as a person could be languishing in jail in perpetuity: It has been blamed for many social ills. One such ills is why many children commit crimes. However, the real challenge, according to advocates and pundits, lies in the failure of the...
HOW do you solve a problem like Naia? Slowly, it seems, as solving the air-congestion woes at the Ninoy Aquino International Airport (Naia) would take some time, according to transportation officials. Hence, the Duterte administration asked Secretary Arthur P. Tugade to appraise the Clark International Airport (CRK) as an alternative,...
THE Los Angeles Times has called the 100 days of President Duterte as being marked by more a war on the poor as a war on drugs.  “The drug war’s statistics are staggering,” the LA Times’s Jonathan Kaiman wrote. “Yet, many observers have called Duterte’s drug crackdown a ‘war...
THE road to perdition is paved with good intentions, as the saying goes, and could be applied to the bottom-up budgeting (BuB) tack of the government of former President Benigno S. Aquino III. Developed jointly by the Human Development and Poverty Reduction (HDPR) and the Good Governance and Anti-Corruption (GGAC)...
THE poor Filipinos of this country are so wealthy they are targeted to pay additional taxes. That is, if proposals at the 17th Congress are approved and a new tax law is passed. This is the reason lawmakers are treading so lightly on such proposals. “We are currently studying it if...
A NATION’S future does not depend only on the state and its people, but also to corporate citizens who, over time, have evolved from just being philanthropists to real “change-makers” of the society. “Poverty and economic growth is not the responsibility of government alone,” League of Corporate Foundations (LCF)...
By David Cagahastian, Jovee Marie dela Cruz & Butch Fernandez LIKE in previous administrations, President Duterte’s P3.35-trillion “budget for real change” for 2017 focuses on social and economic services. In his budget message, Mr. Duterte said his first budget was designed “to realize change” in the government. “We have designed fiscal rules...