Statements RSS feed for this section

Turning Crisis into Opportunity

Several months have passed since the media first bannered the warning
of the 11 faculty members of University of the Philippines School of
Economics (UPSECON) about a looming economic catastrophe in the event that a worsening fiscal crisis is not arrested. The good news is that everyone, from Gloria Macapagal-Arroyo (GMA) to the man on the street, is aware of the gravity of the problem. But the bad news is that the administration has not yet acted decisively on the problem. Its actions to date are far from reassuring.

What’s the deal on Maynilad?

The Action for Economic Reforms (AER) yesterday expressed grave concern over the continuing failure of the Metropolitan Waterworks and Sewerage System (MWSS) to draw for the full amount the US$120,000,000.00 Performance Bond posted by the Maynilad Water Services, Inc. (Maynilad) in favor of MWSS. The Performance Bond is intended to secure, among others, the payment of Concession Fees by Maynilad, pursuant to its Concession Agreement for the management and operation of water and sewerage service in the West Service Area.

Statement from Action for Economic Reforms Regarding the Demand Letter to the MWSS Board

Public interest organizations, namely Action for Economic Reforms and
the Bantay Tubig network, as well as individual consumers submitted a
demand letter to the Board of Trustees of the Metropolitan Waterworks
and Sewerage System (MWSS) on 19 July 2004. Their urgent demand is for the MWSS Board to immediately and effectively draw on the Maynilad performance bond and to desist from further negotiating a compromise agreement with Maynilad.

We need a credible President to help cushion RP’s economic free fall

A full-blown economic crisis is looming. This is no exaggeration, even
as we emphasize the gravity of our collective concern. In truth,
we are already experiencing a fiscal crisis. This description came from no less than former Finance Secretary Jose Isidro Camacho. The Asian Development Bank (ADB) and the International Monetary Fund (IMF) had also expressed their fear—and dismay—in more subtle words.

Poe and Arroyo: Tweedledum and Tweedledee

The intelligentsia is agitated. We dread the scenario of the ascendancy of Fernando Poe, Jr. or FPJ. The commentators among us have written sophisticated pieces that appeal to an already convinced middle class
to reject FPJ. But there is something missing in the analysis.

Think Beyond Cancun, Recast Philippine Trade Policy

Cancun will be a turning point in the battle between the liberalization
fundamentalists on one side, and the growing anti-globalization
activists on the other side. The liberalization fundamentalists will
come in full force to secure an agreement on framework modalities in
Cancun. They want to clinch new agreements to deepen and add to the agreements under the General Agreement on Tariffs and Trade-Uruguay Round (GATT-UR). The GATT_UR has a 10-year implementation period that ends on 31 December 2004. The objective is to sustain the dominance of the WTO agenda of ever-deepening liberalization. Anti-globalization activists, on the other hand, will also come in full force on the streets of Cancun and in the WTO member country capitals, calling for the dismantling of the WTO.