Economist Cielito Habito, in his column “Investment: our crying need” (Opinion, 2/17/14), says the low level of foreign investments in our country, compared to our neighbors, is the reason for the increasing joblessness.
The Board of Investments (BOI) of the Autonomous Region in Muslim Mindanao recently approved the registration of P1.451-billion worth of investments. This is a leap to progress as they indicate surging investors’ confidence in the forthcoming Bangasamoro region. The investments flowed in during the first two months of the year only; they were approved last Feb. 13. This is really a record high, and though this is not yet a reason or a time to rejoice, we are ecstatic.
By Cielito F. Habito
Headlines last week bannered the 27.5-percent joblessness rate reported by the Social Weather Stations (SWS) in the fourth quarter of 2013, a large jump from the 21.7 percent rate reported in the third quarter.
Government employees who dedicate their lives to public service are hard to come by. But one person fills the bill, and her name is Lilia B. de Lima.
By Peter Wallace
Last week I talked about the Metropolitan Waterworks and Sewerage System’s abrogation of its contract through the exclusion of tax it had committed to include. But there were other questionable decisions it made. It said there were some errors in the financial reports submitted by the concessionaires, but these are relatively minor items that could have been clarified with the latter, particularly as the external, independent auditors had found no such faults.