In 2010, the yearend outstanding debt was just P4.36 trillion ($98.623 billion) and debt burden per capita was P46,377 ($1,049 for each of 94 million Filipinos). By next year, every Filipino would be indebted by nearly P63,000 ($1,425), no thanks to a fiscal program that remains dependent on loans. – Kabataan Partylist Rep. Terry Ridon…
By BENJIE OLIVEROS Bulatlat perspective Last week, this writer wrote about the implications of the law signed by President Aquino liberalizing the banking sector. The article dealt with how multinational banks would be able to control local business activity and the economy as a whole once they begin dominating the banking and finance sector. Actually,…
MANILA – Artists, yoga practitioners and activists staged a solidarity action for the people of Palestine at the Boy Scout Circle, Timog ave., Quezon City, Aug. 7. Led by the Concerned Artists of the Philippines (CAP), the protesters condemned the US-backed Israeli aggression against the Palestinian people. To date, nearly 2,000 Palestinians have been killed.…
“The Hoya Glass management told us that they had to close down to avoid incurring losses. But according to the company’s financial statement for 2010 to 2012, which was submitted to the Securities and Exchange Commission (SEC), it has in fact registered bigger profits.”