Wednesday, October 3, 2007
of growth and politics
For the past weeks and months, the Philippines was and is on the rise. Well, economically speaking that is. The country's economy has been improving a lot. The Philippine Stock Exchange is rising, the peso is getting stronger, there are now more investors in the country, inflation rate is slowly decreasing and a whole lot of economic improvements. The country is experiencing growth nobody expected. Of course, it is a very good thing. After the Asian Crisis exactly a decade ago, it was hard to imagine that the country could recover in less than 10 years. Now, one can see more buildings being constructed, more BPO companies, more infrastructure being built and the focus is not just Manila but the provinces as well. All these things are good and great. If not for the political controversies hounding the country, the Philippines could have even been stronger. A lot of issues are plaguing the country. One of it is the ZTE scandal, which involves resigned COMELEC chair Benjamin Abalos and the First Gentleman himself. There are also the Cyber-Ed Project and the Hello, Garci scandal. How weird and funny (and sometimes wise and stupid) politicians are in the government. They make the biggest mistakes and ask the wrong questions and everyting becomes so controversial. Now, Filipinos eat politics for breakfast, lunch and dinner (together with showbiz news). All these make the Philippines a fun place to live. One is experiencing growth in the economy, and also has politicians as the public's entertainers.
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