Barbero ni Juan

Another one…and many more.

Several construction firm owners, government officials and politicians have been accused of pocketing funds from the projects.

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And we are famous globally. Thanks to you Bongbong Marcos

Nearly 10,000 flood control projects worth over US$9 billion, many substandard or never built, have come under scrutiny since Marcos took office in 2022. MORE: yhoo.it/4drgJYu

Congratulations Bongbong Marcos

CHAT, ARE WE COOKED?

is when an economy faces weak growth, high inflation and worsening employment at the same time. The Philippines might not be in full-blown stagflation right now, but recent figures are raising the question.

GDP grew just 2.3% in Q2 2026, while inflation reached 6.1% in August, well above the government’s 3% target.

The PSA reported this morning that unemployment also climbed to 6.0% in July, equivalent to about 3.1 million people.

The combination is uncomfortable: economic growth is losing momentum even as households continue facing rapid price increases.

The government earlier this year denied that the country had drifted into stagflation territory, citing strong growth, low inflation and unemployment from the past few years. | TM

Bongbong Marcos more to add to your accomplishments!

The Philippines’ unemployment rate and magnitude in July matched levels last seen during the tail-end of the Covid-19 pandemic, the latest Philippine Statistics Authority (PSA) data released on Tuesday, Sept. 8, showed.

Read the full article in the comments section below.

Your legacy Bongbong Marcos

"WE’RE NEGLIGIBLE NOW”

In an interview on One News’ Money Talks, Ed Francisco, President of BDO Capital & Investment Corp, said some foreign fund managers have all but written off the Philippines—not because local companies are underperforming. Once neck-and-neck with Vietnam as Southeast Asia's growth leader, the Philippines has slipped to the bottom of the region's growth rankings, and that, along with political noise, is giving investors plenty of reason to stay away.

Francisco warned that over time, if valuations stay depressed, more companies may choose to delist rather than remain listed at prices they see as unfair. No new company has done an IPO in the Philippines so far this year, while bourses in Vietnam and Malaysia have raised billions of dollars in new market cap.

Locally, latest data show foreign portfolio investment eked out just $66 million in net inflows in July, a 91% plunge from a year ago and the smallest monthly gain in three months. Year-to-date, the country has seen $3.94 billion flow out, reversing the $2.25 billion that flowed in over the same stretch last year.

An economy in crisis, Marcos doesn’t have a plan
By Rigoberto D. Tiglao

Read more: https://mrf.lu/2q38g

This is the “Bagong Pilipinas” indeed Bongbong Marcos

“ASEAN IS MOVING FORWARD. THE PHILIPPINES? FALLING BEHIND.

The graphic below is certainly provocative, but the uncomfortable part is that the Philippine number is correct: according to the Philippine Statistics Authority, GDP grew by only 2.3 percent year-on-year in Q2 2026. That compares with Vietnam at 8.39 percent, Malaysia at 6.0 percent, Singapore at 5.9 percent, and Indonesia at 5.29 percent in the same quarter.

So what happened to the much-advertised “Bagong Pilipinas”?

While some of our ASEAN neighbors are accelerating, the Philippines has slowed to its weakest year-on-year quarterly growth since 2021. Even more troubling, first-half growth averaged only 2.6 percent, well below the government’s already-lowered 3.5–4.5 percent full-year target.

And the headline 2.3 percent does not tell the whole story.

The PSA figures reveal something potentially more disturbing underneath: industry contracted by 2.4 percent and gross capital formation fell by 9.2 percent. Household consumption—the traditional engine of the Philippine economy—grew by only 2.8 percent.

Regional analysis has flagged the deterioration in Philippine investment as a concern because, if it continues, it could further weaken the country’s growth. Meanwhile, Vietnam’s strong performance has been supported by robust investment, manufacturing and exports—the very foundations needed for longer-term productive capacity.

Nevertheless, the more important question is:

Why is one of ASEAN’s traditionally faster-growing major economies suddenly near the bottom of the regional growth table?

External shocks certainly matter. The Middle East conflict, elevated energy and commodity prices, inflation, and weaker global conditions have affected the region. But those explanations become less convincing when several of our ASEAN neighbors are confronting many of the same external pressures while growing substantially faster than we are. The Asian Development Bank now projects Philippine growth of only 3.8 percent for 2026, compared with 7.2 percent for Vietnam and 5.2 percent for Indonesia.

And that brings the issue back to governance.

After four years of Marcos Jr.'s administration, “NO measurable economic outcomes are concretely seen, rather there are lot of questions that need some answers such as:

Are investments actually materializing? Are industries expanding? Are infrastructure expenditures producing productive assets? Are businesses confident enough to invest? Are ordinary households becoming economically stronger? And, most importantly, why are our regional competitors pulling ahead while the Philippines is losing momentum?

Vietnam at 8.39 percent and the Philippines at 2.3 percent should not merely be another regional economic forecast... It should be a WAKE UP CALL for Filipinos!

So what now, Mr. President Marcos Jr.?

Goodness! 🙄🙄🙄”