Filipino entrepreneur Wilson Lee Flores can still recall the first time he saw President Xi in person. It was in November 2018 at a dinner in Manila held in honor of the first Chinese leader to visit the Philippines in 13 years.
Policymakers in Manila have historically been making decisions for the entire country, to the frustration of those in provinces who feel that they have little say.
If the next administration hopes to minimize the budget deficit and shrink the poverty rate, it has to raise spending on social security at the expense of some infrastructure projects, according to analysts.
HOTSPOT
Big business, foreign chambers of commerce and foreign creditors cannot hide their glee over President-elect Ferdinand Marcos, Jr.’s choices for his economic team. They are so happy to see the names of Benjamin Diokno, Arsenio Balisacan, and Felipe Medalla.
One thing should stand out by
President-elect Ferdinand Marcos Jr. is expected to face some tortuous crossroads as he navigates through the first year of his presidency. To our mind, these are 10 of the top concerns: Targeting only a 6.5% GDP growth rate amidst a raging 4% inflation wil