Controversial Maharlika fund a litmus test for Marcos admin
The key to making this sovereign wealth fund a success is to have it run by professional managers and insulate them from the vagaries of politics, notes the paper.
The key to making this sovereign wealth fund a success is to have it run by professional managers and insulate them from the vagaries of politics, notes the paper.
The use of a redistributive fiscal policy is a solution to the rising inequality, notes the writer.
According to the author, the government must critically examine Moody's credit downgrade and respond properly.
Only if the countries can consistently maintain their economic growth will their people have sufficient purchasing power to own EVs.
The writer says it is no longer the West versus East, with the Middle East picking up the pace.
What backs the dollar is people's trust, but trust is all too fragile given what the US has induced with its currency dominance, the author writes.
With so much disconnect around the world, the question is: Will deglobalisation linger or are we entering a different phase? Is globalisation metamorphosing yet again?
Rep. Kim Nam-kuk of the opposition Democratic Party of Korea had temporarily left the party to avoid a probe amid mounting allegations.
Getting out of the current crisis is not going to be an easy task and will require years, if not decades of focus and determination, says the writer.
The writer says money has lost so much value that many people don’t bother to count pesos in the hundreds anymore.