Dear reader, your paper of record is turning another page, just two years shy of 40 as of today. It is a milestone that seemed unthinkable just a few years back, when we faced such challenges as a ruthless pandemic that brought most businesses to their knees, not to mention political forces that sought to shrink democratic space and crush press freedom. That an independent media institution like the Inquirer has survived is testament to
The “money-men”—the professionals in finance—always see a rapidly growing gross national product (GNP) as healthy. Those in the government emphasize GNP since they will enjoy tax revenues from the growth in domestic production and international trade. They depend on the quarterly GNP statistics provided by the Philippine Statistical Authority. Those in private banks and stock trading will enjoy business from the growth in financial transactions among the producers and the consumers, regardless of which sectors grow the most or have the best outlooks. Their business is highly correlated to the GNP; thus, many banks do their own forecasts of GNP. For Filipinos
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