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Insights into the World Bank’s Insights

Yellow Pad By Filomeno S. Sta. Ana III   The World Bank has come out with a Philippine poverty assessment report titled Making Growth Work for the Poor (2018). It works on the assumption, now an adage, that growth is a necessary but insufficient condition to reduce poverty. The publication has loads of information, drawn […]

Low-cost housing for the rich

Yellow Pad By Madeiline Joy Aloria   The Housing and Urban Development Coordinating Council (HUDCC) estimates that the country’s total housing backlog will accumulate to 3.6 million units by the end of 2018. For some politicians, addressing this long-existing problem means giving the most generous tax and non-tax perks to real estate developers. This is […]

Tyranny of the Minority?

Yellow Pad By AJ Montesa   The “tyranny of the minority” is a term not often used. In democracies such as ours, primacy in decision making is given to the majority. But the power of the minority can be very real. Whether by formal or informal political structures, it is the reason that obviously beneficial […]

Fixing unfairness of incentives and more in TRAIN 2

Yellow Pad By Karla Michelle Yu   In our engagement with the private sector with regard to the second package of the comprehensive tax reform, I often hear a similar view from the businessmen: “Of course, we support the rationalization of fiscal incentives, of course we support leveling the playing field, but given our different […]

Upheaval

Yellow Pad By Filomeno S. Sta. Ana III As 2017 draws to a close, and even before we celebrate Christmas, the country is bracing itself for an upheaval. Consider the following major developments: 1. The Supreme Court Chief Justice Maria Lourdes Sereno is being impeached. Notwithstanding the word of President Rodrigo Duterte that he is […]

Making the Philippines Investment Friendly for Growth and Employment: Are Labor Regulations the Binding Constraint?

Foreign direct investment (FDI) has long been acknowledged to be one of the critical inputs to developing the Philippine economy. Recognizing the potential benefits of FDI, the Government has sought to make the investment climate more hospitable by liberalizing its investment policies. However, in spite of various measures to open up more areas to foreign participation in the last twenty years, the country still lags behind its regional neighbors in terms of FDI inflows. There has in fact been a noticeable decline in FDI inflows in the last few years.