OPINION | Marcos Jr. faces a balancing act [Numbers Don’t Lie By Andrew J. Masigan] READ:
Philippine Star/ KJ Rosales Ferdinand “Bongbong” R. Marcos, Jr. took his oath of office as the 17th president of the Philippines before Chief Justice Alexander Gesmundo at the National Museum of Fine Arts in Manila on June 30. — PHILIPPINE STAR/ KRIZJOHN ROSALESresident Bongbong Marcos has inherited an economy that is barely able to make ends meet. In fact, it depends on debt to fill its budgetary gaps. That said, the Marcos Jr.
The Duterte administration will pass on to Marcos Jr. the highest ratio of maturing debts since Erap bowed out and GMA took over. It will be recalled that when Erap was ousted, 17.9% of debts were falling due within the year and 22.5% were falling due in the medium term. The IMF recommends adjusting personal income taxes, particularly wealth tax for billionaires. Records show that Filipino billionaires saw their wealth increase by over 35% during the pandemic while 3.7 million Filipinos fell into extreme poverty. Only 143,000 families control 70% of the country’s economic output.
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Analysts praise Marcos veto of Bulacan economic zone bill - BusinessWorld OnlineAnalysts mostly welcomed newly installed President Ferdinand R. Marcos, Jr.’s veto of a bill that would have created a special economic zone north of the Philippine capital, saying it sent a message that public interest should trump business gains.
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Good governance key to Marcos’ unity call, economic program - BusinessWorld OnlinePRESIDENT Ferdinand R. Marcos, Jr. will have to pursue reforms for good governance to substantiate his campaign slogan of unity and pull off support towards economic recovery, according to political analysts and economists.
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Marcos lists increased rice, corn output as DA priority - BusinessWorld OnlinePresident Ferdinand R. Marcos, Jr. said he took on the Department of Agriculture (DA) post to prepare the agency for an impending food crisis, and signaled his intent to raise domestic output of rice and corn. READ:
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PNP starts security preparations for Marcos' first SONAThe Philippine National Police (PNP) has started security preparations for President Ferdinand "Bongbong" Marcos Jr.&39;s first State of the Nation Address (SONA) at the Batasang Pambansa later this month.
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Marcos urged to make Filipino the medium of instructionThe ACT Teachers partylist called on President Ferdinand “Bongbong” Marcos Jr. to make Filipino the medium of instruction in schools so that students can better understand their lessons.
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UN lauds Marcos for environment effortsPRESIDENT Ferdinand 'Bongbong' Marcos Jr. has been lauded by the United Nations Human Habitat for his innovative environmental efforts in his home province of Ilocos Norte.As...
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