That the Ninoy Aquino International Airport (Naia) is the third most stressful airport in Asia and Oceania is not a surprise—that it did not take the first spot is. Anyone who has traveled through Manila’s three international terminals, especially during peak travel season, has experienced stress: the numerous security checks (as many as four for certain routes); the long, often disorganized check-in queues; the notorious arrival procedures red-tape; the lack of seats at the departure gates;
As though our current national debt was not troubling enough, the bright boys around President Marcos Jr. are planning to set up a state investment fund that seeks to participate in the highly diversified global investment game. Dubbed the “Maharlika Investments Corp.,” the proposed entity is to be headed by Mr. Marcos as chair of the board. The concept of sovereign wealth funds (SWF) is not new, although the term itself is fairly recent. Some countries have more money than they need, and they use this to generate more money. This may come from proceeds from the extraction of mineral resources
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