In your face!

During the many debates on the Japan-Philippine Economic Partnership Agreement (JPEPA), its proponents promised us that the country would be treated well by Japan with this pact. And that we will gain much in trade, aid and investments, among other things.


What is this P1.3 billion loss?

This clearly shows that the Philippines is not a favored nation in spite of the JPEPA as Tokyo cuts its aid to Manila next year.

Time to make those who voted for JPEPA accountable. Remember them on May 10, 2010.

Big bang on May 9


Local fair trade advocates opened a mini-fair at the Matina Town Square yesterday to prepare for the big bang on May 9 to mark the World Fair Trade Day.

Activities for the mini-fair includes a forum, product exhibits and demonstrations and an evening concert.

Thanks to Katakus, an award-winning micro-enterprise NGO and volunteers of the UK-Philippines Global Xchange for organizing the mini-fair.

Join the big bang on May 9 by beating drums against poverty, against the global economic crisis and against climate change.


Here is an historic opportunity for transformation.

Sign in here to help address the global economic crisis.

Unusual times

These are indeed unusual times.

The Indonesian stock market, one of those suspended last week due to southward trading in a worldwide market meltdown, will open today – a Sunday. Most businesses usually close on this day, but the Jakarta bourse is trading today.

And the US by Monday could be buying bank stocks for the first time since the Great Depression to help calm down the market.

Let us take some time to laugh while we still can.

Thanks to Tony’s blog for this new dollar bill:


We have seen the closure of banks, financial institutions and insurance companies the past several months in the US, Europe and lately Japan as a result of the global financial crisis.

The opposite, however, is occuring here in Davao. Almost a new bank branch is being opened here every month. Yesterday, it was the First Consolidated Bank based in Tagbilaran, Bohol, which started operations at its sprawling center at Sasa. Last August, I also represented Mayor Rody Duterte at the opening of the East-West Bank infront of high-end shop Chimes along Sales St. in Chinatown. East-West Bank is opening another branch at Matina just off Ateneo very soon.

Last month, the long idle Madrazo property infront of Central Bank finally gave way to a new bank branch of Philsavings.

Davao is not immune to the financial crisis and the impending global recession but it is faring well, according to NEDA.

Ex-treasurer to discuss crisis

The Ambassadors Club of Davao will hold a joint-meeting with the American Chamber of Commerce of Davao on October 9 at Marco Polo Hotel to discuss the current global financial crisis.

The guest speaker is former national treasurer Omar Cruz, who is now chief investment officer of Philamlife, one of the country’s largest insurer. Its mother firm in the US, AIG, is one of those hit by the credit crunch. Cruz, indeed, would be an apt resource person to talk about the economic crisis and its effects on the Philippines.

Ambassadors Club president Roy Ferrer is encouraging members to attend the meeting and invite their friends, particularly potential recruits, to come along.

Recto is new NEDA chief

It’s 3:34 p.m. and Executive Secretary Ed Ermita has just announced in Malacanang the appointment of former Senator Ralph Recto as Director General of the National Economic Development Authority (NEDA).

My earlier post – Cabinet revamp – on this looming development proved to be true.

His appointment is to take effect immediately.