Bernardo M. Villegas
 
Featured Article
Restarting Wonderful Friendship With Spain

            Before the Great Recession that started in 2008, Spanish investors were conspicuously absent among the foreign investors in the Philippines.  There were some failed attempts in the last century in the banking, food manufacturing and tourism sectors (notable exceptions were Mapfre, largest insurance company in Spain and Indra, an IT enterprise).  In my travels to other ASEAN countries, I was struck by the greater presence of Spanish business in Vietnam and Indonesia than in the Philippines, despite our much closer historical and cultural ties with what was referred to as the “Iberian Tiger” in the last quarter of the twentieth century and the first years of the third millennium.    Of course, part of the problem was our own fault.  We were for too long the “sick man of Asia” in the last century.  Foreign investors in general were repelled by our many protectionist policies, a good number of them embedded in our Constitution.  On the side of Spain, their investors were focused on Latin America, Africa and Europe.  Spanish business people had little exposure to Asia, with the exception of China.

   Featured Books
POSITIVE DIMENSIONS OF POPULATION GROWTH

       The historical trends, empirical findings, and policy updates are discussed in detail in the essays compiled in this book. The most convincing argument that supports the thesis of the book, i.e. that population growth is a poitive factor in attaining sustainable human development, is found in the foreword to the book, which is adopted from an article written by Mr. Roberto de Ocampo, former Finance Secretary of the Philippines and multi-awarded finance official in Asia. Thanks to the continuing growth of the Philippines population, Filipinos are in more than 100 countries all over the world, contributing much-needed foreign echange and purchasing power to the Philippine economy and fostering the human and spiritual development of the most diverse of peoples and cultures on this planet.

   Featured Video
Inside Business: Critique on RH Bill

ANC Interview by Coco Alcuaz regarding the RH bill and the Philippine economy.