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12/13/16

By: Cielito F. Habito, PhD
 
Finance has always been widely and easily available for large enterprises in the Philippines. Borrowing from the banks is easy for large companies, or those with 200 or more workers and/or P100 million or more in assets, which make up less than half a percent of our total firms in the country. The more well-known are often able to borrow “clean” loans,

12/09/16

By: Cielito F. Habito, PhD
 
Should we turn away from agriculture and focus our economic growth efforts elsewhere?
 
If one is to examine the statistics, trends could give the impression that agriculture is a sunset sector, given 1) its declining share in total output and employment, and 2) the way young people are shunning farming in favor of jobs in the cities. Much

12/06/16

By: Cielito F. Habito, PhD
 
This is not about the embattled vice presidency, the second highest elective post in the land, certainly of critical importance being “only a heartbeat from the presidency.” Rather, it’s about leadership of the country’s central bank, an extremely critical responsibility in modern economies, whose fortunes hinge heavily on how well the economy’s

12/02/16

By: Mr. Ser Percival K. Peña-Reyes, MA
 
With the theme “Ramping up Towards Philippines 2040”, the Philippine Economic Society (PES) held its 54th annual meeting at Novotel Manila, Araneta Center, on November 8. The theme alluded to “AmBisyon Natin 2040”, a long-term vision for the country that is now being translated into a socioeconomic development plan. The event served as an

12/02/16

By: Cielito F. Habito, PhD
 
The world has been seeing one disruptive change after another lately, and the signs suggest that we can expect more. While disruptions in the political sphere are more prominent these days, no less significant and consequential are disruptions in the technological sphere, promising to upend the world order in business and economics.
 
In

11/29/16

By: Cielito F. Habito, PhD
 
Remember the three M’s supposedly describing the ideal spouse—mabait (kind), mayaman (rich), and malapit nang mamatay (will die soon)? In our language, one can define any number of M’s to describe anything, as nearly all adjectives begin with “ma-” anyway. But Trade Secretary Ramon Lopez has aptly coined seven M’s in English, to sum up the essential

11/25/16

By: Cielito F. Habito, PhD
 
Counting net foreign exchange earnings brought into the economy, our biggest export earner is not electronics. It is people. And it has been that way for at least the past decade.
 
According to latest official statistics from the Bangko Sentral ng Pilipinas (BSP), overseas Filipino workers sent home $2.6 billion in September 2016, bringing

11/22/16

By: Cielito F. Habito, PhD
 
In crafting the now well-publicized “Ambisyon Natin 2040,” the National Economic and Development Authority, as the country’s premier planning agency, sought to start right in embarking on the formulation of the next six-year Philippine Development Plan. Any planning exercise must address three basic questions: 1) Where are we now? 2) Where do we want to

11/18/16

By: Alvin P. Ang, PhD
 
I had the opportunity to serve as one of the discussant in the plenary session of the AmBisyon Natin 2040 Expo held on November 15. President Duterte recently signed Executive Order 5 adopting and approving “AmBisyon” as the country’s blueprint for long-term vision. AmBisyon 2040 is the result of a nationwide study by the National Economic and Development

11/18/16

By: Cielito F. Habito, PhD
 
Almost since it began, foreign aid in its usual forms had started being branded as a self-serving “racket” by its most strident critics. Kinder ones point out its often-negative effects, or at least unclear benefits, on recipient nations. At the other end are people like economist Jeffrey Sachs who argue that aid levels have been too low, and large

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