Philippines to incur Php 300 Billion in deficit for 2009 · According to the Department of Finance, the Philippines will likely report a budget deficit for 2009 of below PHP300 billion ($6.56 billion). · One of the reasons for the deficit is that the Bureau of Customs likely collected PHP50 billion less than it targeted … Continue reading Economics 2009; Deficit & Inflation
We got hired to run a planning seminar for a hotel in Subic. As I listen to my colleague conduct a program on customer service, I got the inspiration to write this blog. You see, not too long ago, my colleague was my assistant — now we are co-equals. Here’s more, the owner of the … Continue reading Have a mentor in 2010
… con’t. The Philippine government tried to copy the same cheap money scenario but the local game was played very differently. The government pegged the interest rate very low, yet the bank’s borrowing rates were still stiff and did not really trickle to benefit the economy the way the government wanted it to. As a … Continue reading John Maynard who? (part 2)
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