Sa tanginamong matapobre, pakyu ka.

  • 6 Posts
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Joined 1 year ago
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Cake day: June 21st, 2023

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  • https://business.inquirer.net/407127/biz-buzz-remolona-drops-us-citizenship

    After spending a good part of his illustrious career on foreign soil—14 years at the Federal Reserve Bank of New York and 19 years at the Bank for International Settlements, among others—newly appointed Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona was ready to return to the Philippines and contribute what he can to nation-building.

    Remolona was so serious about his intent to give back to the country that he gave up his American citizenship with the help of Finance Secretary Benjamin Diokno, a colleague from their early days at the School of Economics of the University of the Philippines.

    Like many Filipino professionals based abroad, Remolona held dual citizenship. But now, he is solely a Filipino citizen.

    Some people would call him crazy to give up what they thought is the ultimate privilege card. However, it remains to see how well he would perform as the new BSP chief.







  • It’s a double-edged sword.

    Trying to regulate will be an impossible task in that personal irresponsibility, susceptibility to scams (like fake THC oils and unbelievable health claims), and escapism (due in part by poverty and despair) are chronic national problems. Then there will be employers complaining about absentee employees, as well as the potential for getting into accidents. For legalization, a complex collection of rules and regulations will have to be produced, but enforcement will be a nightmare.

    Chronic should be hit by those who are responsible enough, and knowing when it’s time to put down the tooter.