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The conservative yet unconventional Governor

Yellow Pad By Filomeno S. Sta. Ana III Nesting Espenilla is a low-key Governor of the Bangko Sentral ng Pilipinas (BSP). He avoids the limelight, and that’s the way it should be for the head of an independent, non-political Central Bank. But unavoidably, he becomes headline news, especially during uncertain times when prices and the […]

TRABAHO: Setting free an urgent reform

Yellow Pad By Jenina Joy Chavez   The House of Representatives passed the Tax Reform for Attracting Better and High-Quality Opportunities or TRABAHO Bill in early September. The first major component of TRABAHO is the reduction of the corporate income tax (CIT) rate to 20% over a period of nine years, starting 2021. The Philippines […]

Low-carbon path

Yellow Pad By Roberto Verzola   A previous piece showed that our greenhouse gas reduction commitment to the Paris climate treaty meant a gradual 2.02% annual reduction in fossil-based electricity generation, for a total reduction of 23.3% by 2030 compared to 2017 levels. The annual reduction required by this low-carbon path is only half the […]

Advancing fiscal incentive reform

Yellow Pad By Filomeno S. Sta. Ana III   THE rationalization of fiscal incentives is a long-overdue reform. It is a necessary reform for several reasons. The current regime of incentives has resulted in the loss of huge potential revenues every year. In 2016 alone, the foregone revenues amounted to P178.56 billion. The Philippines has […]

Better wages for better drivers

Students, together with white and blue collar workers, are once again braving Metro Manila traffic as classes resume this month. For instance, vehicles move at just 16.3 to 19.4 kilometers per hour on average on EDSA, Metro Manila’s main thoroughfare. And yes, vehicles on EDSA crawl painfully slower than a moving bicycle. How much has […]

The cost of Metro Manila traffic congestion

CLOGGED ROADS have always been a part of the daily life of an ordinary Filipino citizen residing in Metro Manila. Commuters struggle as the morning rush brings intense traffic in the busy streets and avenues. Among the variety of transport modes available — private vehicles, MRT, LRT, taxis, and utility vehicles — a significant number […]