Has Mindanao’s promise been fulfilled?

Fernando Fajardo 05/22/2019

I did not know exactly when the idea of Mindanao as promise land started. When I was young, I saw for myself two of our neighbors who left with their whole family for Mindanao. I did not…

God bless the Philippines!

Fernando Fajardo 05/15/2019

This is the first time I write on politics here. Now I say that that it pains me to learn that not one member of the Otso Diretso team which run for senators won in last Monday’s…

The Central Visayas 2018 economic performance

Fernando Fajardo 05/08/2019

The latest report on the performance of the different regions of the country shows that the Central Visayas Region grew by 7.6 percent in 2018 in real terms at constant 2000 prices, up from 5.2 percent in…

Public Private Partnership: The Case of UV-Dalaguete

Fernando Fajardo 05/01/2019

  In the 2000 Census, the Municipality Dalaguete in the province of Cebu had a total household population of 49,113 aged five years old or higher. Of these, only 5,895 or 12.01 percent had post-secondary or higher…

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…

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