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Hidden taxes

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The proposal of Sen. Sonny Angara to reduce the top income tax rate for individuals, which is currently 32 percent, to 25 percent by 2017 has surprisingly been welcomed by Malacañang, at least for the matter to be thoroughly studied and to possibly include as well the regular corporate income tax rate, which stands at 30 percent.

Posted: March 15th, 2014 in Columns,Editor's Pick,Featured Columns,Featured Headline,Inquirer Opinion | Read More »

Toward lower electricity rates

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The cost of electricity for Manila Electric Co. consumers reached record highs last December, which eventually led to a temporary restraining order issued by the Supreme Court. Meralco blamed this pass on Wholesale Electricity Spot Market prices, which reached record highs purportedly because of the reduced supply of electricity due to the Malampaya gas fields maintenance shutdown and scheduled and unscheduled shutdowns of other power plants. The general public was outraged, and blamed Meralco for the high electricity costs and the Energy Regulatory Commission (ERC) for its perceived failure to rein in these costs.

Posted: January 17th, 2014 in Columns,Editor's Pick,Featured Columns,Featured Headline,Inquirer Opinion | Read More »

Lessons learned (hopefully) from ‘Yolanda’

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Supertyphoon “Yolanda” wrought immeasurable damage and havoc to the people of Tacloban City and others in its deadly path. The preparations proved inadequate because no one expected the typhoon to be that strong.

Posted: November 16th, 2013 in Columns,Editor's Pick,Featured Columns,Inquirer Opinion | Read More »

Culture of corruption

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The public uproar over the pork barrel scam is understandable because of the amount, P10 billion, and the personalities involved, seasoned and highly respected senators and congressmen who are bastions of power and influence in our country. And with Janet Lim-Napoles flaunting her presumably ill-gotten wealth by throwing extremely lavish parties, buying prime real estate here and abroad as well as 30 cars, and claiming illness while seated in her Louis Vuitton wheelchair, we would be so calloused if we do not get fuming mad.

Posted: September 13th, 2013 in Columns,Editor's Pick,Featured Columns,Featured Headline,Inquirer Opinion | Read More »

Change should start in each of us

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Last week, 10 outstanding young Filipino-American professionals were in the Philippines for a three-day immersion program to get to know the country and their heritage better, and to eventually become champions of the Philippine cause in the United States.

Posted: July 20th, 2013 in Columns,Featured Columns,Featured Headline,Inquirer Opinion | Read More »

False hopes?

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May 13 will come and go. Another set of elections will be completed and the promises we heard during the preelection period will be forgotten, to be heard once more come the 2016 elections.

Posted: May 10th, 2013 in Columns,Featured Columns,Featured Headline,Inquirer Opinion | Read More »

Namfrel 2013

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The National Citizens’ Movement for Free Elections (Namfrel), which pioneered the people’s involvement in the electoral exercises of 1984 and 1986 (when President Ferdinand Marcos agreed to call a snap election), is back.

Posted: February 15th, 2013 in Columns,Editor's Pick,Featured Columns,Featured Headline,Inquirer Opinion | Read More »

Moving forward

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The third-quarter 7.1-percent growth in our GDP, which brought the year-to-date growth to 6.5 percent, coupled with the Philippine Stock Exchange index breaching the 5,800 level, augurs well for the country. Foreign direct investments in the first three quarters of the year are also up at $1.1 billion, registering a 40-percent increase. Our international reserves are also at its highest at $84 billion. We are now among the world’s fastest-growing economies for 2012 and, save for the temporary setback and devastation caused by “Pablo” in eastern Mindanao, the Philippines is now definitely set for takeoff.

Posted: December 15th, 2012 in Columns,Featured Columns,Featured Headline,Inquirer Opinion | Read More »

The RH bill is pro-development

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A number of arguments for and against the Reproductive Health bill have been posited and the debates have been mostly emotional, with the Senate seemingly succeeding in derailing the passage of the measure. The Catholic Church has taken the lead in opposing the passage of the bill into law, claiming that certain provisions are against Church teachings. The Church has even broadly defined abortion to include the use of condoms and other common contraceptives. It has mislabeled the RH bill as promoting abortion notwithstanding specific provisions to the contrary.

Posted: September 14th, 2012 in Columns,Featured Columns,Featured Headline,Inquirer Opinion | Read More »

Thinking out of the box

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Corruption—risk/reward equation. Faced with an opportunity to make a quick buck in an illicit manner, a rational person would consider the risks and consequence of being caught in relation to the expected benefits. This is a basic principle that is true both in business and in the government. In business schools, this would be Finance 101, or learning how to measure and manage the risks vis-à-vis the benefits. The goal is choosing the decision that provides the highest risk-adjusted return.

Posted: July 27th, 2012 in Columnists,Columns,Featured Columns,Featured Headline,Inquirer Opinion | Read More »

Thinking out of the box

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The first-quarter growth in the Philippine economy of 6.4 percent is great news, and the mood is very positive that this is sustainable. The buoyant stock market, with the PSE Stock Index breaching 5,200, is one of the best performing exchanges in the world. The Philippine peso continues to surge, which in general is an indication of a strong economy. More importantly, the business sector is optimistic of better things to come, with Malacañang’s determined fight to combat corruption.

Posted: July 13th, 2012 in Columnists,Columns,Editor's Pick,Featured Columns,Featured Headline,Inquirer Opinion | Read More »

Making a stand for truth and accountability

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The 5,000-strong pro-Corona demonstration, comprising mainly of employees of the Supreme Court and the Judiciary, as well as members of a religious group, made front-page news and prime-time TV last week. The demonstrators expressed their full support for Chief Justice Renato Corona, notwithstanding the preponderance of evidence that over P30 million, and still counting, of his assets were undervalued or not reported in his statements of assets, liabilities and net worth (SALNs).

Posted: February 17th, 2012 in Columnists,Columns,Featured Columns,Featured Headline,Inquirer Opinion | Read More »

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