Can Noynoy hack it?
| EDITORIAL |
 |
| Click to enlarge |
Troubled times are ahead of us, even when the country was spared of the massive 9 magnitude earthquake that shook Japan and the devastating tsunami that has caused major radioactive problems for the nuclear plants in Japan, raising health concerns.
Already, with Japan in virtual physical and economic ruins, it is a certainty that the Philippines, as well as other countries in the world, would be feeling the impact arising from the problems Japan is now encountering.
Japan is a big trade partner of the country, and investments from Japan will have to slow down considerably. Trade between the two countries is also bound to suffer, as will jobs from our overseas Filipino workers (OFWs) in Japan, on whose remittances the world over, the Philippine government relies in propping up the economy. Foreign grants and loans from Japan are also likely to peter out and even stopped — for at least the time Japan gets back on its feet, which could take, optimistically, at least three years. Already, the Samaurai bond float has been halted, given Japan’s unfortunate tragedy..... MORE
Source: The Daily Tribune
URL: http://www.tribuneonline.org/commentary/20110316com1.html
0 comments
Post a Comment