Local government fiscal performance: the case of Dalaguete, Cebu

Fernando Fajardo 04/24/2019

Fiscal prudence requires that government, whether local or national, is constraint to raising taxes, expenditures, deficits, debts, and other liabilities only within affordable and sustainable limits. Fiscal prudence goes with the responsibility of the local government units…

International trade and Philippine economic growth

Fernando Fajardo 04/21/2019

No one country has all the necessary resources or capacity to satisfy the need of their own people. However, by developing and exploiting their domestic resources, one country can produce a surplus, and trade them for the…

Understanding the Philippine poverty report

Fernando Fajardo 04/14/2019

The Philippine Statistics Authority (PSA) recently reported the country’s official poverty statistics for the first semester of 2018. This report provides the estimates of poverty incidence using income data from the first visit of the Family Income…

The Galleon trade and Cebu

Fernando Fajardo 04/07/2019

  Cebu was known to be a thriving entrepôt even before Magellan came in 1521. When he arrived in Cebu, the chieftain demanded tribute for his landing like what was done with other foreign vessels that came…

POST PRANDIUM: It is good to raise the SSS member’s contribution

Fernando Fajardo 03/31/2019

Beginning next week when April comes, SSS member’s contributions will increase by one percentage point to 12 percent of the credited salary, 8 percent to come from employers, and 4 percent from the employee. The maximum credited…

POST PRANDIUM: Why do we have a large trade deficit?

Fernando Fajardo 03/24/2019

In most of the years since the last war, our imports exceeded our exports. What causes a trade deficit? What does it mean to the economy and to us? We can answer these questions this way. On…

POST PRANDIUM: Why is total employment declining or not growing as fast as before?

Fernando Fajardo 03/17/2019

Again, if there is anything that most poor people must have in order to prosper in life, it is a good paying and secure job. Very few of them are prepared to go into business for lack…

POST PRANDIUM: The unintended consequences of last year’s interest rate increase

Fernando Fajardo 03/03/2019

The Bangko Sentral ng Pilipinas’ (BSP) objective in increasing its policy interest rate by 1.75 percent overall from 3.0 percent in 2017 to 4.75 percent in 2018 was to bring down the inflation rate. How much of…

POST PRANDIUM: What is cooking with Mega Cebu?

Fernando Fajardo 02/24/2019

To coordinate and direct the development of Metro Cebu, the Central Visayas Regional Development Council (RDC VII) created in the 1990s the Metro Cebu Development Council (MCDC). Misunderstanding about the role of the council, led to its…

POST PRANDIUM: The Philippine labor and employment situation

Fernando Fajardo 02/17/2019

  If there is anything that most ordinary people must have in order to prosper in life, it is to have a good paying and secure job. Paid work, according to the World Employment and Social Outlook…

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