The Phl head of monetary policy is under criticism from the masses who were irked that some of the solution of Phil. monetary woes were due to poor savings habit and tendency to buy luxury goods. This did not sit well with most wage earners who could barely make both ends meet let alone, save.... He could be made to explain why he caved in to pressure to sell Phl gold reserve. It should be stable haven amidst the worsening worldwide economic woes...
What is your opinion of his comments? On poor savings rate; on luxury goods purchase?
This came as Remolona is the highest paid govt employee, with his salaries doubling in the last four years.
