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The Bangko Sentral ng Pilipinas said the country’s monetary policy setting is not tied with that of central banks in advanced economies particularly the US.

Government subsidies to government-owned and -controlled corporations ballooned to P10.28 billion in October, a nine-fold increase from the  P1.154 billion recorded a year ago, according to data from the Bureau of the Treasury.

The stock market managed to climb yesterday on selective buying after experiencing a decline during the early morning session.


This is an old and funny story I have stored in my files that is worth “looking” at from time to time.

Remember back in the days when the Philippine shoe industry, particularly in Marikina, was thriving so well?  We used to be known as the “Little Italy of Asia” because of the quality shoes we were exporting.

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