POST PRANDIUM: The failed Mindanao promise

Fernando Fajardo 02/10/2019

  For the poor regions, like those in Mindanao, development means overcoming widespread poverty and unemployment achieved through faster economic growth and the redistribution of income in favor of the poor to make their people live comfortably…

Will the Philippines become a middle income class country?

Fernando Fajardo 02/03/2019

  To guide its work, the WB classifies countries into low income, lower middle income, upper middle income, and higher income. This started in 1962. In that year, it placed the Philippines at the lower middle-income class…

The porky national government budget and messy budgeting process

Fernando Fajardo 01/27/2019

In theory, budgeting starts with a plan that outlines where we want to be and how we arrive at it. That is why every president has his or her own Philippine Medium Term Philippine Development Plan (MTPDP).…

The 2018 Philippine economic performance

Fernando Fajardo 01/20/2019

  In his campaign, the President admitted his lack of knowledge in economics. Nevertheless, the President in his 2016 State of the Nation Address (SONA)  stated his vision and strategy for the country’s development this way: To…

Life is more of economics than politics

Fernando Fajardo 12/27/2018

Cebu Daily News will cease to exist in print version right after the close of the year. CDN will continue to exist though in its new digital format on the internet. The reason? That is where the…

Where are the promised jobs?

Fernando Fajardo 12/20/2018

Where are the promised jobs of this administration? Part of it is gone with the TRAIN and inflation that decreased consumer demand. From the labor force survey in October, the government reported that the country’s unemployment rate…

Is the Philippine economy overheating?

Fernando Fajardo 12/13/2018

Some sectors are concerned that the economy is overheating. JC Punongbayan in his September 28, 2018 Rappler article cited the International Monetary Fund, the World Bank, the ASEAN+3 Macroeconomic Research Office, and Fitch as among those which…

Inflation rate down, is it okay now?

Fernando Fajardo 12/06/2018

When interest rate goes up, expect investments, including the interest rate sensitive consumption expenditures, to fall. The government placed the country’s inflation rate last month at 6.0 percent. It is actually lower in Metro Manila at 5.8…

Why are our farmers still poor?

Fernando Fajardo 11/29/2018

We measure the success of agriculture programs by the increase in farm output, the increase in income of the farmers, and by the improvement in their well-being. It is now more than 70 years since independence and…

What now Build Build Build?

Fernando Fajardo 11/22/2018

By end of last year, however, none of the 55 flagship projects had taken off. After the visit of President Duterte to Beijing, the government immediately announced that China has pledged $24 billion to finance the country’s…

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