Here's my latest Rappler piece, co-written with @znsuzara. Build 3x was supposed to bring about a "golden age of infrastructure." But to make up for their lack of progress Duterte and his men took credit for projects started in previous administrations. 😤 rappler.com/voices/thought…
Here are 10 examples:
1) Skyway Stage 3 (a public-private partnership or PPP project of the Aquino admin, launched in 2014)
2) LRT-2 East Extension Project (approved by the NEDA board way back in 2012)
3) NLEX-SLEX Connector (greenlit by the Aquino administration in January 2013)
4) C5 South Link Expressway (approved by the Aquino admin, broke ground in May 2016)
5) MRT-7 (initiated way back in 2004, broke ground in April 2016)
6) PITX (another PPP project of the Aquino admin, awarded in 2015)
7) Mactan Cebu International Airport (New Passenger Terminal Building) (another PPP project of the Aquino admin, broke ground in July 2015)
8) New Bohol Panglao Airport (approved as early as 2003, got financing from JICA in 2013)
9) LRT-1 Cavite Extension Project (decades in the making, deal finally awarded in September 2015)
10) Cavite-Laguna Expressway (CALAX) (yet another PPP project of the Aquino admin, awarded in 2015)
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I think it's because our culture encourages conformity/collectivism. And in a country with 90% learning poverty, intelligence makes one stand out, and this tends to irk many people.
So more & more agri commodities have accelerating prices. What's the agri sec doing about this?
Some foresee a rice shortage later this year & early next year, owing to lower production & high cost of inputs (e.g., fertilizers have tripled in prices).
We may have no choice but to import more, but other countries are less & less willing to export. bworldonline.com/economy/2022/0…
Boy Abunda: May pagkakaiba ba ang ayuda at doleout?
LBM: Wala. Pareho lang. It's a transfer payment as they call it in economics. Walang kapalit, for example. Basta nagbibigay ka lang ng ayuda.
Hiyang-hiya naman ang conditional cash transfers. 🤷♂️
Rich of LBM to talk about OFWs. 🤬 The proportion of OFWs rose by about eightfold during the economic crisis in martial law. Bagsak kasi ang ekonomiya. Even my own parents left in the 1980s because of the dearth of good job opportunities here.
During martial law labor market conditions deteriorated. The unemployment rate doubled from 6.3% in 1972 to 12.6% in 1985.
Meanwhile, the underemployment rate rose from 12.7% in 1972 to 32.9% in 1984. Nearly 1 in 3 workers had insufficient pay!