OF SUBSTANCE AND SPIRIT As we wrote this piece, the election in the US was likened into a woman in travail, laboring in child birth. In a few hours, the world will know whether it’s a Donald or a Kamala. The market believes it could be problematic if the US pivots back to narrow economic...
OF SUBSTANCE AND SPIRIT We have been participating almost every year in the Asian Development Bank’s (ADB) Asian Regional Forum on Investment Management of Foreign Exchange Reserves, before and after my retirement from central banking in 2019. While there was some lull during the pandemic in...
OF SUBSTANCE AND SPIRIT When the Royal Swedish Academy of Sciences announced the winners of the Nobel Prize for Economics in Stockholm last Oct. 14, the role of political institutions in economic development and long-term prosperity received some kind of a revival. It’s been 12 years since the...
OF SUBSTANCE AND SPIRIT It was the Royal Swedish Academy of Sciences that announced the winners of the Nobel Prize for Economics at a press conference in Stockholm last week. They were Daron Acemoglu of Massachusetts Institute of Technology (MIT), Simon Johnson also of MIT, and James...
OF SUBSTANCE AND SPIRIT The photos of those who trooped to the Manila Hotel and other Comelec offices to file their certificates of candidacy (COCs) gave us the impression that they have all figured out what they seriously intend to do in the next few years once they get...
OF SUBSTANCE AND SPIRIT Two days ago, Oct. 1, poll aspirants started to flock to various filing centers of the Commission on Elections (Comelec) to file their certificates of candidacy (COC) for 18,280 elective positions for the May 2025 national and local elections. Filipinos will be choosing 12...
OF SUBSTANCE AND SPIRIT Disrespecting the law is no less than an act of insolence, and in the “Law Insider” formulation, that is arrogant, presumptuous, impudent, or in fact even insulting. It could even be at once rude because it is no less than the Philippine law that is being crushed. ...
OF SUBSTANCE AND SPIRIT While we were rocked by the news of alleged irregularities in the use of confidential funds in one government office, it was as shocking to know of another irregularity in the procurement of laptops in the Department of Education, of all departments. As...
OF SUBSTANCE AND SPIRIT (Concluding Part) Last week, we concluded our piece with the quote from Finance Secretary Ralph Recto that the full remittance and appropriate use of PhilHealth’s ₱89.9 billion could boost GDP by 0.88 ppts and employment by 600,000. It is not as simple as deciding...
OF SUBSTANCE AND SPIRIT (Part 1) Clear from the genealogy of PhilHealth is its continuing mandate to provide comprehensive and equitable health care. Policy-wise, there should be no more question that aside from quality education, effective public health is a good “strategy for bringing about...
OF SUBSTANCE AND SPIRIT (Part 1) Tik Toks have institutionalized the Carlos Yulo landings in his floor routine for which he was awarded a perfect 15. We see people ending whatever they are doing with Yulo’s trademark open arms, or a series of tumbling into their shoes. With a 3.5 twist, Yulo...
OF SUBSTANCE AND SPIRIT To be sure, and we heard them from NewsWatch Plus, there were many “sanas” during the 3rd SONA (State of the Nation Address) of President Ferdinand Marcos Jr. Sana bumaba ang presyo ng bilihin. Sana dumami ang trabaho. Sana ipagtanggol ang West Philippine Sea. Sana...
