Wealth watching

Published April 24, 2021, 12:14 AM

by Jullie Y. Daza

Medium Rare

Jullie Y. Daza

“As old as time” is the saying that the rich get richer and the poor beget children. Likewise, money begets money – the bank will not give you a loan because you’re so poor that you need money.

Well, this year’s list of the world’s super billionaires (in dollars) placing 17 Filipinos in the middle of the pile proves that you can actually, factually, numerically grow your wealth during a pandemic. With Manny Villar, Ricky Razon and Lucio Tan as the richest Filipinos in the list, even Forbes’ jaded wealth watchers were awed, wowed by the “astonishing” performance of the 100 richest.

After I asked a series of girl friends how they were getting along – assuming their purses were not bulging with millions – two became so concerned about my state of health that I had to assure them I was just bored. To entertain myself, I told them how I had rummaged through my notes, compiled before the New Year of 2021 and in anticipation of the Chinese Year of the Metal Ox, if only to compare 2020’s business outlook and see how far we’ve come in this 13th month of the world’s longest, strictest lockdown.

From my point of view, the following choice headlines, culled from November 2020 to January 2021, read like an impossible Cinderella fairy tale free of a midnight deadline for her carriage.

Gross international reserves soared to $103.8B in Oct.

PEZA ok’s P72.6B investments in 10 months

Filinvest Land earns P2.6B in 9 months

Security Bank books P6.7B net income in 9 months

Ikea hiring 496 more for world’s biggest outlet

‘We’re back in business’ – Dominguez

‘The worst is over’ – Diokno

BI optimistic about P1T in investments

RCBC reports unexpected surge from seniors

We share govt’s optimism – Shell president

MegaWorld, DMCI report uptick in (property) sales

A more buoyant outlook for Q1 of 2021 – BSP

OFW remittances up 9 percent

DA expects 2.5 percent growth in farms, fisheries

GCash hits P1T in transactions; 254 percent growth ‘remarkable’

No way to go but up – PCCI

I’m cautiously optimistic – Fernando Augusto Zobel de Ayala

Exports rose 3 percent in Nov, fastest in 10 months

BIR, Customs exceed 2020 targets

BSP gross int’l reserves surge to $110B

12 percent rise in BGC land value