By MANUEL F. ALMARIO
The abnormality of the Disbursement Acceleration Program (DAP), supposedly crafted as a stimulus to our economy, can best be appraised from the perspective of how other countries managed their economic stimulus to cope with the consequences of the 2008-2009 Great Recession.
The snail-paced and much-delayed rehabilitation work in Eastern Visayas partly took a hit with the slowing down of the Philippine GDP’s (gross domestic product) growth rate, which was recorded at 5.7 percent in the first quarter.
The government’s agreement with the Moro Islamic Liberation Front has raised hopes that enduring peace will finally be attained in Mindanao. And beyond this is the tremendous economic impact that the agreement can bring the country.
By Roberto F. de Ocampo
For the third consecutive year, I was honored by an invitation from the Joint Foreign Chambers of the Philippines to be a principal speaker at its annual Forum.
By Ramon R. del Rosario Jr.
Our updated unemployment and underemployment statistics released last week, while not markedly different from recent periods, produced quite a stir. I think this is because the figures came on the heels of the report on our very impressive 7.2 percent GDP growth for all of 2013, the second highest in Asia. With a combined unemployment and underemployment rate of 26.4 percent for 2013 based on official government figures, the question that should be uppermost in the minds of our national leaders is: What more do we need to do to create the jobs that will address this critical problem?