Two economic stories highlighted the past week—one, the stellar growth of the country’s gross domestic product or GDP; the other, the 50 Filipino families and individuals in the Forbes list of the world’s wealthiest for 2014.
By Conrado de Quiros
It was potentially explosive. It trotted out an explosive witness, one who knew whereof he spoke, having been party to the crime and willing to own up to it. It had an explosive target, who was nothing less than the Vice President, who was threatening to become the next president in two years’ time. And it had to do with an explosive scandal, a theft of billions that made the one Senators Juan Ponce Enrile, Jinggoy Estrada and Bong Revilla were accused of look like pickpocketing.
By Juan L. Mercado
Brazil today loses less than 6,000 square kilometers of forests yearly—down from 20,000 a decade back, The Economist reports. It spearheads the Amazon Region Protected Areas, which is 20 times Belgium’s size. This is the “transition curve, a turning point in seemingly irreversible deforestation.”
By John Nery
Conventional wisdom and expert judgment share a consensus: Associate Justice Francis Jardeleza will inhibit himself from Supreme Court deliberations on the fate of the Disbursement Acceleration Program. As solicitor general, he had not only argued the case before the Court; he had also submitted the motion for reconsideration.
By Cielito F. Habito
I’m often asked what needs to be done for our country to achieve inclusive growth, or economic growth with widest participation and whose attendant benefits are felt by all. We all know our economy has lately been growing faster than most in the region, but having that growth come from a broader base and uplift the lives of the least endowed among us remains elusive.