Rizal Philippines | August 13 2014
Comment on Malaya post
It is really nice to hear criticisms against speeches and differ in views with the speaker. That is part of the democratic process. However, some criticisms need criticisms too because some of them could be very far from the truth.
The other issues are well taken (maybe the congestion at the Port of Manila causing increase in prices of commodities) however this corner disagrees that the measly $8billion in FDI is a poor indication of the economy. Rather than belittle the gains the country has made despite the low FDI, we should be proud of this. It MEANS FILIPINOS, MORE ENTREPRENEURS ARE BETTING ON THE COUNTRY'S BRIGHT FUTURE. We cant depend on the volatile foreign inflows to prop up our economy. The truth is we have more revenues from OFW remittances and BPO. Dear Sir. It is progress. It definitely lifted the lives of many people and has driven up real estate, consumer goods and many more.
The unemployment rate may mean too that those who left the labor force have now become entrepreneurs!!!. The stats do not show that.
Sometimes we think our role in the media in the government is about talk talk talk (yak yak yak like this post) but we should be realistic enough to see that things are moving, maybe not because of the govt and the very negative people we have but because we have many hardworking visionary Pinoys who want to see our country get better.
I hope this Senior Govt Official see it that way and his newbie staff research and analyze deeper.
Ano ba guys bulag ba tayo not see the way international analysts banks see that Philippines is now investment grade. Are you not updated? Dont you read Dr. Ciel Habito? Dont you attend economic briefings by NEDA? Or BSP?
