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Why exclude the middle class for emergency assistance?

Fernando Fajardo 04/08/2020

  The “Bayanihan to Heal as One Act” grants emergency power to the President to tackle the current crisis caused by COVID-19. This power included a provision to provide emergency assistance amounting from 5,000 pesos to 8,000…

The much-awaited emergency subsidy, is there?

Fernando Fajardo 04/01/2020

  Last Saturday, March 28, 2020, Executive Secretary Salvador Campo Medialdea, acting on behalf of President Rodrigo Roa Duterte, issued a Memorandum providing for the implementation of temporary emergency powers granted to the President. The memorandum serves…

The COVID-19 special power law: What it contains

Fernando Fajardo 03/25/2020

  The “Bayanihan to Heal as One Act” as the measure was finally called was passed first by the House of Representatives using the version coming from the Senate. The Senate version changed some of the proposals coming…

Understanding community quarantine

Fernando Fajardo 03/18/2020

  President Rodrigo Duterte has declared the entire island of Luzon under enhanced community quarantine effective yesterday. First, what is the meaning of quarantine? Quarantine is a state or place of isolation for a person (or animal)…

Impact of COVID-19 on Philippine tourism, economy

Fernando Fajardo 03/11/2020

One of the most visible impacts of COVID-19 is seen in the tourism industry. What will be the extent of losses caused by COVID-19 to the Philippine tourism industry and to the national economy? As a background,…

Cagayan de Oro: The City of Golden Friendship

Fernando Fajardo 03/04/2020

I am still in Cagayan de Oro City (CDO) today. Known as the City of Golden Friendship, CDO is the capital city of Misamis Oriental and the regional center of Northern Mindanao. Coming here again is very…

The economics of COVID-19

Fernando Fajardo 02/26/2020

It has been 26 days since the World Health Organization (WHO) declared coronavirus, now known as COVID-19, as a global health emergency. At that time, China was only reported to have over 200 deaths with almost 10,000…

Dutertenomics: The last 3 and a half years and beyond

Fernando Fajardo 02/19/2020

President Rodrigo Duterte now has logged three and one half years in his office, plus another month and 19 days to be exact. What has happened to the economy during his watch, that is, from July 1,…

Impact of 2019 coronavirus outbreak on tourism and the economy (Part 2)

Fernando Fajardo 02/12/2020

  The World Travel and Tourism Council (WTTC) reported that in 2017 the total benefits that travel and tourism gave to the Philippines amounted to P3,348 billion (US$66.3 billion), about 21.1 percent of the country’s gross domestic…

Impact of 2019 coronavirus outbreak on tourism and the economy (Part 1)

Fernando Fajardo 02/05/2020

  Up to last year or before the advent of the coronavirus, travel and tourism was seen as one of the most important and fastest growing economic activity in the world. It may not be anymore this…

Why we fail in our quest for export industrialization

Fernando Fajardo 01/29/2020

Achieving a higher level of development is closely intertwined with the industrialization of an economy, Cypher and Diets said in their book, The Process of Economic Development. Their data in the 1970s up to the 1990’s would…

The inadequacy of Philippine import substitution industrialization

Fernando Fajardo 01/22/2020

Last week, we saw how the first industrial revolution changed the level of development of the different nations of the world from being almost equal and constant in thousands of years to one where some countries managed…

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