Sunday, August 14, 2022
manilastandard.net
ADVERTISEMENT
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Others
    • Pets
    • Pop.Life
      • Newsmakers
      • Hangouts
      • A-Pop
      • Post Its
      • Performances
      • Malls & Bazaars
      • Hobbies & Collections
    • Technology
      • Gadgets
      • Computers
      • Business
      • Tech Plus
    • MS ON THE ROAD
      • Sedan
      • SUV
      • Truck
      • Bike
      • Accessories
      • Motoring Plus
      • Commuter’s Corner
    • Home & Design
      • Residential
      • Commercial
      • Construction
      • Interior
    • Spotlight
    • Gallery
      • Photos
      • Videos
    • Events
      • Seminars
      • Exhibits
      • Community
    • Biyahero
      • Travel Features
      • Travel Reels
      • Travel Logs
  • Advertise with Us
No Result
View All Result
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Others
    • Pets
    • Pop.Life
      • Newsmakers
      • Hangouts
      • A-Pop
      • Post Its
      • Performances
      • Malls & Bazaars
      • Hobbies & Collections
    • Technology
      • Gadgets
      • Computers
      • Business
      • Tech Plus
    • MS ON THE ROAD
      • Sedan
      • SUV
      • Truck
      • Bike
      • Accessories
      • Motoring Plus
      • Commuter’s Corner
    • Home & Design
      • Residential
      • Commercial
      • Construction
      • Interior
    • Spotlight
    • Gallery
      • Photos
      • Videos
    • Events
      • Seminars
      • Exhibits
      • Community
    • Biyahero
      • Travel Features
      • Travel Reels
      • Travel Logs
  • Advertise with Us
No Result
View All Result
manilastandard.net
No Result
View All Result
Home Opinion Columns So I See by Lito Banayo

Economics trumps politics

Lito BanayobyLito Banayo
October 8, 2018, 12:30 am
in So I See by Lito Banayo
Reading Time: 5 mins read
A A
72
SHARES
Share on FacebookShare on TwitterShare on Email

"Focus is still on the surge in prices of basic commodities."

“‹

 

Haven’t you noticed?  The filing of certificates of candidacy for local and national positions is just a few days away, yet people seem disinterested.

Focus is still on the surge in prices of basic commodities, from oil to rice, vegetables to poultry, to canned goods and fish, and practically everything else.

In a politics-crazy country like ours, this is one for the history books.  Finally, economics trumps politics.

ADVERTISEMENT

* * *

If my good friend Harry Roque accepts to be the press secretary and presidential spokesperson rolled into one (as of this writing I do not know how he will decide), I have an unsolicited advice: Get an assistant who will be the government’s spokesman on economic matters.

I have long advocated the need for a spokesman on the economy in this space.  I reiterate the need now.

If there was a spokesman for the economy while Train 1 was being deliberated upon in Congress, jeremiads of inflationary effects following its enactment into law could have been foreseen and explained to the public, neutralizing discontent to a great extent.

When oil prices started to boil in the world market, a good spokesperson could have forewarned the public on the effects of the international prices on the domestic economy which is almost wholly dependent on imported oil.

The cacophony of disparate excuses on the surge in the price of our staple food—rice, could have been more cogent.  In fact, a good economic spokesman could have given the leadership early warning signals on the likely increases, given the procrastination of the NFA and the NFA Council in importing the staple at the right time.

Even the unseemly brouhaha over galunggong, the erstwhile “poor man’s fish” would not have happened if we had a spokesman savvy enough on the economy.

Get a young man or woman who understands economics enough and has the ability to articulate its jargon into simple terms for the public to understand.  You see many of them on national TV, as anchors for business news, and get one or two on board.  Researchers can be sourced from NEDA or PMS to give the spokesperson adequate staff support.

 Tell you what: Inflation may abate somehow with imported rice “flooding” the market, or so NFA and DA says.  But that is not the end-all of inflation.  Other staples are moving up.  The peso is still depreciating vis-a-vis the strong dollar. And worse, imported oil seems to be going up, up and away.

And while hopes are being pinned on Secretary Alan Cayetano’s projection of a deal with China on West Philippine Sea oil reserves, fruition is going to be long in coming, if at all.

The Filipino people are getting a practicum on economics, albeit in not so pleasant ways, jolting them even.  But effective communication can help salve, not solve, the developments in our economy.

* * *

One can empathize with SAP Bong Go’s trepidation on whether or not to throw his hat into the senatorial derby, President Duterte’s encouragement notwithstanding.

Bong has not run for any elective post, not even councilor of Davao City.  Despite all the tarpaulins and stickers volunteered by friends and bootlickers, first-run jitters are but natural.

Not so in the case of Political Adviser Francis Tolentino, who has been mayor of Tagaytay for three terms and ran for senator three years ago.  He almost made it, placing first runner-up to the winning twelve.  His personal machinery must still be around; it’s only a matter of oiling and revving.

* * *

Which brings me back to how economics has trumped politics in the forthcoming mid-term election preparations.

Few seem to be enthused at who will run for senator, other than the periodic results of surveys which die down as coffee table talk the day after.  It seems the forthcoming senatorial elections are so boring, so predictable even.

The frontrunners have long been expected to hog the top: Grace Poe, Cynthia Villar, Pia Cayetano, Nancy Binay, Sonny Angara, Koko Pimentel.  The brothers JV Ejercito and Jinggoy Estrada are nipping at each other’s chances, but their chances in 2019 are still quite high, both of them or at worst, one cancelling out the other.

 Bam Aquino, despite the rather paltry chances of his companions in the yet-to-be-filled up opposition slate, is still a household name, and despite recent survey findings showing him slipping, could yet make it.

There seems to be little recognition of Chel Diokno, or Erin Tanada, based on present survey findings, despite the illustrious memory of their forebears. 

 On the administration front, Bato de la Rosa is in the winning circle, even if he would be an ideal governor in Davao del Sur, where there is hardly any opposition to him.  Imee Marcos is another likely shoo-in for senator.

But even the administration is finding it difficult to amass 12 winning candidates unless it co-opts all the reelectionist senators into its fold.

So far, the administration (whether Hugpong or PDP) has announced the following reelectionists: Villar, Pimentel, Angara and JV Ejercito.  And balik-senadora Pia Cayetano.  Hugpong also announced Jinggoy Estrada and Imee Marcos.

Then there’s Bato, Bong and Francis.

 Quien mas?

 As for the opposition, thus far it’s only Bam Aquino, Diokno, Tanada, Alejano and Makalintal.  Others previously mentioned have declared nolo interes.

Buoyed by survey results showing that Ang Probinsyano has resuscitated his chances for electoral comeback, Lito Lapid has announced his running under the Nationalist People’s Coalition. And Bong Revilla too, from the PNP Custodial Center where he has been withering the past four years.

 And it’s only three days before Comelec opens up the candidate registration process.

 Ho-hum.”‹

Tags: Bam AquinoCynthia VillarEconomicsGrace PoeHarry RoqueKoko PimentelNancy BinayPia CayetanopoliticsSonny Angara
ADVERTISEMENT
Lito Banayo

Lito Banayo

Related Posts

Headwinds

byLito Banayo
August 11, 2022, 12:10 am
0
402
A crisis president

"As much as one would like to hope for a quick recovery from our economic ills, there are headwinds, both...

Read more

Swan song hastens the inevitable

byLito Banayo
August 8, 2022, 12:10 am
0
557
A crisis president

"China, by hook or by crook, will annex what it considers a ‘renegade province’ in due time. And it keeps...

Read more

Para bellum

byLito Banayo
August 4, 2022, 12:10 am
0
547
A crisis president

"The whole world is now watching what China and Xi will do next. And accordingly, how the US of A...

Read more

Imee makes sense

byLito Banayo
August 1, 2022, 12:10 am
0
822
A crisis president

"In these parlous times, government resources would be best put to anything other than increased personnel salaries" Senator Imee Marcos’...

Read more

Sana

byLito Banayo
July 28, 2022, 12:10 am
0
536
A crisis president

"(Right-sizing) may send shivers down the spines of the incompetent and the ineffective, but first steps need to be taken"...

Read more

Give him space

byLito Banayo
July 25, 2022, 12:25 am
0
553
A crisis president

"Our internal economic problems are also a result of years and years of neglect, of putting premium on politics over...

Read more

Stories you may like

  • People …are talking about Liza Soberano

    Supermodel son is Philippine bet in Manhunt International

    5868 shares
    Share 2347 Tweet 1467
  • Judgments and their execution

    1265 shares
    Share 506 Tweet 316
  • Another oil price rollback likely as world economy further stalls

    1189 shares
    Share 476 Tweet 297
  • Appeal to BBM and Acuzar

    932 shares
    Share 373 Tweet 233
  • Basilan solon wants barangay, SK polls reset to May 2024 to save P8b for gov’t

    854 shares
    Share 342 Tweet 214

Print Edition

View More

Recent Posts

  • Palace clears ES in sugar mess
  • COVID-19 uptick, less physical distancing up in F-2-F classes
  • Makati initiates local prevention vs. monkeypox
  • Government to reclaim P1.9 billion in scuttled chopper deal
  • Salman Rushdie stabbed, may lose an eye
  • 5.9 quake jolts part of Mindanao, Taal Volcano no big blast sign yet
  • PSA targets 50 million National IDs distributed by end of the year
  • DAR creates task force for speedy land distribution

Advertisement

Latest News

5.9 quake jolts part of Mindanao, Taal Volcano no big blast sign yet

byNash B. Maulana
August 14, 2022, 1:10 am
0
140
Vax wastage, infection surge feared in Odette-hit areas

A magnitude-5.9 earthquake rocked parts of Mindanao Saturday afternoon, with the epicenter located at Datu Blah Sinsuat in Maguindanao. It...

Read more

PSA targets 50 million National IDs distributed by end of the year

byManila Standard
August 14, 2022, 1:00 am
0
139

The Philippine Statistics Authority (PSA) on Saturday said it will speed up the production of Philippine Identification System (PhilSys) cards,...

Read more

DAR creates task force for speedy land distribution

byMaricel Cruz
August 14, 2022, 12:50 am
0
139
Online portal to accelerate digital shift of education system

The Secretary of Agrarian Reform ordered over the weekend the immediate subdivision of collectively titled lands to enable farmer-beneficiaries to...

Read more

BTA eyes better education setup, women’s health services in BARMM

byManila Standard
August 14, 2022, 12:40 am
0
133
Vax wastage, infection surge feared in Odette-hit areas

A member of the Bangsamoro Transition Authority (BTA) on Saturday vowed to prioritize improving the education system in the Bangsamoro...

Read more

CHR urges KWF to review order banning 5 ‘subversive’ books

byManila Standard
August 14, 2022, 12:30 am
0
150
CHR probes fatal shooting of teenager

The Commission on Human Rights (CHR) on Saturday urged the Komisyon sa Wikang Filipino (KWF) to review its order to pull...

Read more

Advertisement

ADVERTISEMENT
Facebook Twitter Instagram Youtube

ABOUT US

Manila Standard

Manila Standard website (manilastandard.net), launched in August 2002, extends the newspaper’s reach beyond its traditional readers and makes its brand of Philippine news and opinion available to a much wider and geographically diverse readership here and overseas.

Digital Edition

In tone and content, the online edition mirrors the editorial thrust of the newspaper. While hewing to the traditional precepts of fairness and objectivity, MS believes the news of the day need not be staid, overly long or dry. Stories are succinct, readable and written in a lively style that has become a hallmark of the newspaper.

Download – Today’s Paper

Search

No Result
View All Result

6th Floor Universal Re Bldg., 106 Paseo De Roxas cor. Perea Street, Legaspi Village, 1226 Makati City Philippines

Trunklines: 832-5554, 832-5556, 832-5558

© 2021 Manila Standard - Designed and Developed by Neitiviti Studios.

No Result
View All Result
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Pop.Life
    • Newsmakers
    • Hangouts
    • A-Pop
    • Post Its
    • Performances
    • Malls & Bazaars
    • Hobbies & Collections
  • Technology
    • Gadgets
    • Computers
    • Business
    • Tech Plus
  • MS ON THE ROAD
    • Sedan
    • SUV
    • Truck
    • Bike
    • Accessories
    • Motoring Plus
    • Commuter’s Corner
  • Home & Design
    • Residential
    • Commercial
    • Construction
    • Interior
  • Spotlight
  • Gallery
    • Photos
    • Videos
  • Events
    • Seminars
    • Exhibits
    • Community
  • Biyahero
    • Travel Features
    • Travel Reels
    • Travel Logs
  • Pets
  • Advertise with Us

© 2021 Manila Standard - Designed and Developed by Neitiviti Studios.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Install Manila Standard Web App

Install App