Pages

Tuesday, October 8, 2013

Did PHL really achieve its super 7.8% GDP growth because of stability and good governance?

Social and political criticisms
                                               
                                                Tuwid na daan nga ba? Tila maraming liko2?

According to Moody's reasons for raising PHL debt to investment grade were good governance, debt consolidation, and peace and order.   The same could be said as reason for the super growth of PHL in the 2nd Quarter which is even better than China.

But with all the news about PDAF and DAP running into billions of pesos, one begins to doubt these to be the true reason.  The BPO, the construction sector, the OFW remittances have stayed steady and growing;  Filipino investors have made large bets on the PHL.  The country grew inspite of these scandals.   Let us be more sober and work harder so that we can continue providing jobs to our people