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Brownouts: short-term remedies and long-term solutions

It is not as if we only come to know about it today. The looming power shortage has been known, and was made known to the public, as early as more than 3 years ago. At that time, it was estimated that if the growth rate of demand persists, a power shortage would be experienced in Mindanao as early as 2009. That is if the government and the private sector will do nothing which would clearly point us to our only but unacceptable option – to sacrifice and forego business and investment opportunities especially those requiring power … Continue Reading

The Commendable Achievements

As I was reading a national paper, I feel so elated and a bit agitated to note the kind of progress that we have so far achieved when I came across a series of government-paid advertisement “Ganito Tayo Noon, Ganito Tayo Ngayon”. The material compares the social, economic and physical conditions some 10 to 20 years ago and that of the last 10 years based on acceptable indicators and backed up by hard facts and official records.

No one could possibly argue with the presentation; the figures and hard data can very well speak for themselves. … Continue Reading

Business as engine of growth

The business sector is the engine of economic growth. It propels the emergent opportunities and the quiescent potentials of any striving economy. At the very least, the sector could infuse capital which could result to the generation of jobs, the creation and production of more goods in the market, and the opportunity for the government to collect more taxes and the consequent provision of more public goods and services for the benefit of the people.

With the onset of the 2010 elections, however, there are valid fears that new investments would be sluggish during the campaign period and up … Continue Reading