1) Japan has promised to conduct a more comprehensive feasibility study for building an underground subway system in Metro Manila at the request of the Philippine president.
2) The president believes strong infrastructure is important for a strong economy.
3) Japan will consider providing further assistance for the subway project and new airport project, recognizing Japanese technology could be utilized.
1) Japan has promised to conduct a more comprehensive feasibility study for building an underground subway system in Metro Manila at the request of the Philippine president.
2) The president believes strong infrastructure is important for a strong economy.
3) Japan will consider providing further assistance for the subway project and new airport project, recognizing Japanese technology could be utilized.
1) Japan has promised to conduct a more comprehensive feasibility study for building an underground subway system in Metro Manila at the request of the Philippine president.
2) The president believes strong infrastructure is important for a strong economy.
3) Japan will consider providing further assistance for the subway project and new airport project, recognizing Japanese technology could be utilized.
1) Japan has promised to conduct a more comprehensive feasibility study for building an underground subway system in Metro Manila at the request of the Philippine president.
2) The president believes strong infrastructure is important for a strong economy.
3) Japan will consider providing further assistance for the subway project and new airport project, recognizing Japanese technology could be utilized.
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Good governance is good economics
By Cesar V. Purisima. Philippine Daily Inquirer
4:46 am | Wednesday, May 21st, 2014 http://opinion.inquirer.net/74793/good-governance-is- good-economics#ixzz35jyFdSdI As policymakers and business leaders gather in Manila this week for the World Economic Forum on East Asia, the talk will inevitably turn to growth. Sustaining economic growth has become harder for Asian policymakers as interest rates in the developed world rise on signs of recovery. After years of easy credit, emerging markets will have to compete for funds to fuel development, and woo investors with fundamentals and structural reforms. Reforms have the power to alter a countrys economic destiny. This is why they inspire confidence from markets, businesses and citizens. To see how reforms can change perception and reality, one may look at the Philippines. Since assuming office in 2010, President Aquino has turned around a country from being the sick man of Asia to an economic comeback story. He undertook reforms that economists have been urging and politicians shirking (from). These include the Sin Tax Law that raised the levy on alcohol and tobacco products, and spurred the revamp of commonplace procedures.Our reforms have been rewarded. Rating upgrade Gross domestic product grew by 7.2 percent in 2013, the fastest in the Asean (Association of Southeast Asian Nations) region, notwithstanding natural calamities, including Super Typhoon Yolanda (international name: Haiyan) that is said to be one of the strongest ever recorded. Moreover, the Philippines received investment grades from Fitch, Standard & Poors and Moodys in 2013, lowering the countrys borrowing costs and allowing us to redirect funds for social services and infrastructure. The Philippines earned another rating upgrade this month from S&P, which showed the reforms will endure beyond President Aquinos term. A powerful force Our efforts have boosted the countrys ranks in global surveys. Its rank jumped 26 places in the World Economic Forums Global Competitiveness Index since 2010, and 30 places in the International Finance Corp.s Doing Business Index in 2013. Despite our gains, much remains to be done both at the national and Asean levels. In the remaining years of our term, the Aquino administration will intensify efforts at reform by opening up more sectors to foreign investments, rationalizing tax incentives and institutionalizing transparency. Those who doubt our commitment should take note of the unpopular enactment of the reproductive health bill and the amendment of the Sin Tax Law. Across Asean, we must integrate our economies in a way that simplifies rules and lowers the cost of doing business. With our young populations and growing economies, we have the potential to become a powerful force for liberalization. However, we need reforms. Without those, growth is fleeting. For too long, many politicians have avoided unpopular reforms. But our citizens deserve better. Reward for telling truth The Aquino administrations electoral success and approval ratings are proof that voters listen to, and reward, politicians who tell the truth. This is as true in the rest of the Asean as it is in the Philippines. The good news is that reforms are not rocket science. We are well-aware what needs to be done. Good governance is good economics. Just look at the Philippines.
Overtaxed
Philippine Daily Inquirer 12:12 am | Tuesday, June 10th, 2014 http://opinion.inquirer.net/75475/overtaxed#ixzz35jyeL Qz4
Calls to lower the income tax rates on ordinary workers have again been sounded in Congress, all seeking to unburden those who have to give as much as a third of their salaries to the government. Rep. Rodrigo Abellanosa (2nd district, Cebu City) filed last week House Bill No. 4372, which seeks to drastically reduce the income tax of individuals to 15 percent from the current 32 percent. He argued that his proposal would translate to higher take-home pay for income earners that, in turn, would help them cope with the ever-increasing costs of living. Eventually, this would make local employment more attractive and help curb the migration of Filipino workers to seek opportunities abroad. Abellanosas bill is the third such measure filed in the House this year. Last March, Rep. Magtanggol Gunigundo (2nd district, Valenzuela City) filed HB 4099, which seeks to reduce individual and corporate income tax rates to 15 percent from the current 32 percent and 30 percent, respectively. Gunigundo said his proposal would reduce the number of Filipinos who do not pay taxes as lower tax rates would mean higher compliance levels. He cited another advantage of having a 15-percent income tax rate: the stimulating effect it would have on the economy, by providing individual taxpayers with more after-tax or disposable income. This income, he said, could either be saved or spent on services or goods subject to the value-added tax, which could somehow offset the revenue loss that the government would have to shoulder from the lower income tax rate.
Last April, Rep. Angelina Tan (4th district, Quezon) filed HB 4278, which also seeks to reduce the income tax rate on individuals to 15 percent. She argued that aside from helping the workforce cope with inflation and the higher costs of living, it was necessary so the Philippines can fully benefit from the integration of the economies of the Association of Southeast Asian Nations (Asean) in 2015. In the Senate, Sen. Juan Edgardo Angara is pushing for the passage of a less drastic bill that seeks to reduce the individual income tax rate to 25 percent by 2017. He suggested that the reduction be spread over a three-year period starting in 2015, to soften the revenue impact of the lower tax rates. As expected, the Bureau of Internal Revenue is against all these bills. At one House hearing, finance officials argued that the government would lose much-needed revenue if the bills would be passed. The BIR also reiterated during the hearing that it would oppose any measure that would result in revenue loss. But there are arguments to be made for lowering the tax rates on ordinary workers. For one, as Angara noted, the Philippines has the third-highest individual income tax rate in Asean (after Thailands 37 percent and Vietnams 35 percent). The highest tax rate of Cambodia is 20 percent; Burma (Myanmar), 20 percent; Singapore, 20 percent; Laos, 24 percent; Malaysia, 26 percent, and Indonesia, 30 percent. Perhaps a more important reason for giving ordinary taxpayers a tax break now is so the government can help the workforce keep up with the ever-increasing costs of basic goods and services. Inflation in May, as reported last week by the Philippine Statistics Authority, rose to its highest in 30 months. The prices of essential goods and services have constantly been on the rise, yet there has been no significant increase in wages in the past several years. Reducing the income tax rates on individuals is one sure way of helping ordinary workers keep up with the costs of living. Its also time for Congress to revisit tax rates considering that the last time the legislature reviewed these was in 1977. Since then, consumer prices have significantly increased, eroding the earnings of taxpayers, particularly salaried workers. The BIR has estimated that it stood to lose about P34 billion if lower tax rates were to be implemented until 2017. Gunigundo suggested another way of looking at it: as a P34-billion gain for taxpayers that would translate to additional disposable income of P34 billion for salaried workers. And, of course, all these proposals to provide relief to an overtaxed working class would be less of an issue today if only our taxes did not end up lining the pockets of corrupt officials.
Aquino: Japan vows better study on Metro Manila subway system
By Louis Bacani (philstar.com) | Updated June 25, 2014 - 3:07pm http://www.philstar.com/nation/2014/06/25/1338868/aq uino-japan-vows-better-study-metro-manila-subway- system
MANILA, Philippines Japan has promised to conduct a more comprehensive study on the feasibility of building a subway system in Metro Manila, President Benigno Aquino III said late Tuesday night. In his arrival statement after his visit in Japan, Aquino said he thanked Prime Minister Shinzo Abe for the studies conducted by the Japan International Cooperation Agency (JICA) that aim to improve the transportation systems in Metro Manila and in nearby areas. "Dagdag pa rito, nangako ang Japan na gumawa ng mas detalyadong pag-aaral para tukuyin kung posible ang isang subway system para sa kalakhang Maynila," Aquino said. "Naniniwala po tayo na ang matibay na imprastruktura ay sandigan ng mas malakas na ekonomiya," the President also said. Aquino's statement comes after the JICA released earlier this month a transport infrastructure roadmap for Metro Manila, Bulacan, Rizal, Cavite and Laguna, as requested by the National Economic Development Authority The roadmap includes preliminary studies for a subway project in the said areas and for a new project on the Ninoy Aquino International Airport (NAIA). Nation ( Article MRec ), pagematch: 1, sectionmatch: 1 "We will consider the possibility of further assistance for the Subway and New NAIA, which we believe Japanese technologies can be utilized," JICA Philippines Chief Representative Noriaki Niwa said. The Department of Transportation and Communications (DOTC) unveiled last March major railway projects including the proposed P135-billion project to build an underground mass rail service between the Makati central business district and Pasay City. The project is a proposed 20-kilometer loop that would consist 16 kilometers of tunnel and four kilometers of elevated railway especially in the reclaimed area in Pasay City. It would consist of 11 stations consisting of five underground, four interchanges and two elevated.
Price of garlic hits P400 per kilo
(philstar.com) | Updated June 26, 2014 - 12:45pm http://www.philstar.com/business/2014/06/26/133928 6/price-garlic-hits-p400-kilo
MANILA, Philippines - The price of garlic continues to soar, hitting up to P400 per kilo on Thursday. The culinary staple hit P400 per kilo at the Commonwealth Market in Quezon City, while prices in other markets range from P200 to P300 per kilo. Producers earlier said they are planning to increase production of garlic to fight against the sharp increase in prices. Agriculture Secretary Alcala said the state agency is investigating the possibility of hoarding which drives the prices up. Other commodities saw their prices rising as well, with NFA rice adding up to P4 per kilo. The price of chicken added up to P30 per kilo while the price of pork cost up to P200 per kilo. The price of fish, meanwhile, remained unchanged.
Palace: Gains vs smuggling resulted in price surge
By Delon Porcalla (The Philippine Star) | Updated June 20, 2014 - 12:00am http://www.philstar.com/headlines/2014/06/20/13368 36/palace-gains-vs-smuggling-resulted-price-surge
MANILA, Philippines - Malacaang believes the governments unrelenting efforts against smuggling and the congestion of shipping containers in the port of Manila led to the surge in prices of basic commodities. Presidential Communications Operations Office Secretary Herminio Coloma Jr. yesterday told reporters this was the finding of the National Price Coordinating Council (NPCC) of the Department of Trade and Industry (DTI), which has been monitoring the prices of basic commodities. This was also partly the reason why pork prices have increased as well, he said.As to poultry products, he said this was due to the summer season and the Palace expects prices to stabilize in a months time. President Aquino directed concerned Cabinet members yesterday to focus on providing a stable supply of prime commodities in the market to protect the interest of consumers. Aquino issued the directive in the aftermath of the surge in prices of rice, garlic, ginger, pork, chicken and milk, among others. The NPCC convened Wednesday seeking to provide a solution to the problem.Coloma said the NPCC directed the National Food Authority (NFA) to double its efforts in going after unscrupulous businessmen creating an artificial shortage of rice even if there is more than enough supply in the market. The NPCC is made up of the DTI and the departments of Agriculture, Health, Environment and Natural Resources, Interior and Local Government, Transportation and Communications, Justice and Energy, the National Economic and Development Authority and representatives of the consumers, agricultural producers, trading and manufacturing sectors. Mass action: Militant workers will hold a mass action today to dramatize their protest against the governments inaction to bring down the prices of essential commodities.Workers belonging to Kilusang Mayo Uno (KMU) will stage a picket at the Nepa-Q Mart in Quezon City. Members of the Koalisyon ng Progresibo ng Makabayang Manggagawa at Mamamayan (KPMM) also aired frustration over the governments unpreparedness for the El Nio phenomenon and its impact on the prices of agricultural products. KPMM spokesman Sammy Malunes alleged that Aquino has done essentially nothing to help Filipinos address the rising prices of basic products. Food security is under serious threat, and food prices including rice prices will go on reaching for the sky, but Aquino and his government remain essentially unprepared, he said.Malunes alleged that some members of the Aquino administration are involved in rice smuggling and cartel operations. It is the height of irony that while the Philippines is an agricultural country, a rice-producing country, it continues to import rice at exorbitant prices. On the other hand, locally grown rice is being left to rot in the warehouses of rice cartels who bought the rice from impoverished farmers at unjust and insultingly low prices, he said. House inquiry Meanwhile, the House of Representatives will investigate the continued smuggling of rice into the country amid the increase in retail prices of the staple. The inquiry will also cover rice importation. A resolution, authored by Cagayan de Oro City Rep. Rufus Rodriguez, prompted the inquiry. Separately, party-list group Bayan Muna called for a probe on rice importation. In his resolution, Rodriguez said the Department of Agriculture and the NFA claim that under the law, the NFA is the only entity allowed to import rice into the country, and that all rice import shipments by any individual or corporation are illegal unless covered by NFA permits. In view of this contention, he said the NFA has asked the Bureau of Customs to file smuggling charges against five importers that recently brought in a total of 243,000 bags of rice through the port of Davao City. With Jess Diaz, Mayen Jaymalin
PH now on Britains list of priority markets
By Amy R. RemoPhilippine Daily Inquirer 9:27 am | Thursday, June 19th, 2014 http://business.inquirer.net/173160/ph-now-on- britains-list-of-priority-markets
MANILA, PhilippinesThe United Kingdom has placed the Philippines on its list of priority markets for trading and investments, as it considers the country to be a strategic gateway for British companies hoping to gain entry or expand operations in Southeast Asia. UK Trade Envoy to the Philippines George Freeman MP said in a briefing on Wednesday that, due to the countrys strong economic growth, good governance and skilled English-speaking labor force, the Philippines could serve as a natural launchpad for British companies where they could set up their regional headquarters. The Philippines is a major trading partner, Freeman said. We want to bring more companies to the Philippine economy as it develops. The UK move to further diversify its markets outside of Europe was due to the slow growth and the banking crisis on the continent, he said. The UK will continue its trade with Europe, but the emerging countriesone of which is the Philippinespresent huge opportunities in the fields of agriculture, energy, medicine, professional services and luxury goods. On his first visit to the Philippines, Freeman was accompanied by five British energy companies seeking investment opportunities and partnerships with local players. Proof of the UKs strong confidence in the local economy is the establishment of a new British Business Centre, which will be managed by the British Chamber of Commerce in the Philippines. The facility in particular will help small and medium sized enterprises (SMEs) in the UK to expand their operations in emerging countries like the Philippines. Big British corporations may establish their positions in the Philippines more quickly than SMEs, which make up 90 percent of registered businesses in the UK, Freeman said. There are over 200 British firms operating in the country. Lord Stephen Green of Hurstpierpoint, former UK Minister of State for Trade and Investment, earlier said that they would double trade and investment links between the UK and the Philippines in five years time.
Promises
Philippine Daily Inquirer 12:30 am | Tuesday, March 25th, 2014 http://opinion.inquirer.net/72937/promises
If theres one thing that the Aquino administration can be proud of, its the remarkable economic growth of 7.2 percent and 6.8 percent in 2012 and 2013, respectively. But if theres one thing that should keep it from bragging, its the fact that this prosperity has yet to be felt by those who need it most. The inroads in terms of economic development cannot be denied. The Philippines got three investment-grade ratings in 2013 because of the governments success in keeping its fiscal house in order. Then there was the passage of higher taxes on alcohol and tobacco products, despite stiff lobbying. Another major accomplishment was in improving the ease of doing business in the country by cutting not only red tape but also the time needed for entrepreneurs to set up their businesses. The Philippines was the most improved last year in the World Banks annual Ease of Doing Business report, jumping 30 slots to 103rd place. Still, much needs to be done. Unemployment remained high at 7.5 percent as of Januaryjust marginally better than the 8 percent at the end of the previous administration. President Aquinos flagship public- private partnership infrastructure program launched in 2010 is another disappointment. Only one projecta 4- kilometer, P2-billion toll roadhas been successfully bid out (aside from the classroom projects that Congress is threatening to investigate). Bigger ones such as the P17.5-billion redevelopment of the Mactan Cebu International Airport and the P60-billion Light Rail Transit line 1 extension are mired in legal and technical issues. The Presidents vaunted influence on Congress did not seem to work as far as key economic measures were concerned. In 2010, he announced in his first State of the Nation Address (Sona) a package of economic reforms, including the rationalization of fiscal incentives, amendments to the Build-Operate-Transfer Law, and passage of legislation on antitrust and national land use. Today, the bills rationalizing fiscal incentives and on land use remain pending in Congress. Proposed amendments to the BOT Law are also pending, and several versions of the antitrust bill, aimed at restraining monopolies, are still languishing. In his 2011 Sona, the President touched on the energy sector, boasting that the construction of a new power plant for the Luzon grid could lead to lower power rates by 2014. This did not happen. In fact, Manila Electric Co. sought controversial rate hikes for December 2013 and January 2014. The furor generated by this move led to investigations and the eventual recomputation of the rate increases. In 2012, infrastructure was part of the Presidents Sona: new airports in Bohol, Legazpi and Laguindinganall to be completed by the end of his term. He also promised the repair of structural defects of Naia Terminal 3 by 2013, as well as the completion of the LRT Line 1 Cavite extension project and two new NLEx-SLEx connector roads by 2015. While the upgraded airport in Laguindingan opened in 2013, the completion of new airports in Legazpi and Bohol is not expected until 2017. Naia 3s original contractor, Japans Takenaka, started work to remedy the structural defects in the facility only last year; work on San Miguels portion of the connector road began just this year; and Metro Pacific Investments Corp. has yet to start work on its own connector road. Among industries, it is in the mining sector where government action has been missing. In 2010, the government extracted P145 billion in income from mining but only P13.4 billion (or 9 percent) went to the national treasury. These natural resources are yours. It shouldnt happen that all thats left to you is a tip after theyre extracted, the President told the Filipino people in his Sona in 2012. But to date, not one lawmaker has filed a bill that will change the tax regime for the local mining industry. The President just needs to look back at the promises that he made to the nation over the last four years and direct his economic managers and allies in Congress to work more than double-time to translate those promises into action. They should focus on job-generating and poverty-alleviating projects, mostly in infrastructure, agriculture, mining and tourism. The investment-grade ratings and all the other statistics touted as proof of a resurgent economy mean nothing if a quarter of the population remains mired in poverty and millions are without jobs.
Debt relief
Philippine Daily Inquirer 12:12 am | Tuesday, April 22nd, 2014 http://opinion.inquirer.net/73815/debt- relief#ixzz35k22MIyV
Debt condonation is something a government avoids because of its repercussions on a countrys financial and economic wellbeing. A country that expresses even the slightest hint of a request for debt condonation worries the international lending community. However, an appeal two weeks ago by an independent expert tasked by the United Nations to monitor the effects of foreign debt on the enjoyment of human rights is worth looking into. Cephas Lumina, the UN independent expert, had voiced concern that the Philippines post-typhoon reconstruction efforts could be undermined by its heavy debt load. Independent experts are not UN staff and are appointed by the UN Human Rights Council with an honorary title to examine and report back on a countrys situation. While noting the international support given the Philippines in the aftermath of Supertyphoon Yolanda, Lumina pointed out that the country needed about $22 million a day to service its foreign debts. While around $3 billion has left the country to serve its debt since the typhoon struck [in November 2013], the country has received so far only $417 million [from] international and private donors, [or] about half of the total relief requested, the expert added. To date, the World Bank has provided a $500-million support loan and a $480- million loan for rebuilding infrastructure and social services, and the Asian Development Bank has made available nearly $900 million in assistance. But these were mostly in the form of new loans, with only $23 million given in the form of grants. Loans for reconstruction cannot generate returns to allow the debt to be paid as these are spent only to rebuild damaged infrastructure. This led to Luminas appeal to international creditors to cancel part of the Philippines debt and provide aid instead of new loans. The expert highlighted the importance of canceling debt to ensure the Philippines recovery from the devastation caused by Yolanda. Believed to be the most powerful storm ever to hit land, it displaced more than four million people, destroyed half a million houses, and had a catastrophic impact on the regions infrastructure, hospitals, schools and public services. The cost of damage was estimated at $12 billion. A plea for a cancellation of part of the Philippines foreign debt was actually made in December 2013, when the Jubilee Debt Campaign, the local Freedom from Debt Coalition, the Jubilee South (Asia) and the Christian Aid launched a petition addressed to official lenders. These nongovernment organizations had earlier launched the global jubilee movement to cancel developing-country debts, resulting in the condonation of $130 billion worth of obligations mainly of poor African countries. The Philippines was excluded from the scheme because it was deemed too rich for debt relief by the International Monetary Fund and the World Bank. In their petition, the NGOs noted that the impact of a burgeoning foreign debt burden had been devastating for the Filipino people, with public services such as health and education persistently getting inadequate funding. They argued that while an estimated 16 million Filipinos were malnourished and living in poverty, more than 20 percent of government revenue, or almost as much as funding for health and education combined, was being spent annually for foreign debt service. This was what Sarah-Jayne Clifton, director of the Jubilee Debt Campaign, had to say: The Philippinesurgently needs funding for relief and reconstruction efforts, as well as to adapt to the unavoidable impacts of climate change and support communities who live in areas that are beyond adaptation. International lenders should put life before debt and cancel the Philippines foreign debt obligations as a matter of urgency. While the Philippines is classified as a lower-middle- income country and is disqualified from international debt relief programs, there should be exemptions such as when extreme disasters wreak havoc. Such was the case when Yolanda ravaged the Visayas late last year. The fact that a fourth of the Philippine population lives in povertya figure enlarged by people displaced by Yolandais also worth considering. Add to this the fact that for 2014 alone, the Philippines has to pay $8.8 billion in debt service, money that could otherwise be spent on basic social services.
Build back better
Philippine Daily Inquirer 12:42 am | Tuesday, June 24th, 2014 http://opinion.inquirer.net/75916/build-back-better- 2#ixzz35k2RHfly
The Aquino administration is set to submit to Congress next month its national budget proposal for 2015. At P2.6 trillion, it is 15-percent higher than last years P2.26 trillion. According to Budget Secretary Florencio Abad, the proposal could have been submitted much earlier if not for this thing called build back better. Obviously, he was referring to the reconstruction of areas devastated last year by Supertyphoon Yolanda (international name: Haiyan) and other calamities. We have to induce resiliency in a way, for vulnerable areas to adjust their designs so that they can take on Yolanda- like eventualities, and that means an increase in their costs of change in design, Abad explained. The spending will be mostly in infrastructure, which is targeted to receive P587 billion, a substantial increase from this years P400 billion. The government is planning to increase this to P800 billion in 2016, the last year of the Aquino presidency. The aim is to boost the infrastructure budget from 3 percent of the economy (as measured by the gross domestic product or GDP) to 4.2 percent in 2015 and to 5 percent by 2016, a level that economists believe is comfortable enough to meet the requirements of a growing economy. Build back better is an Aquino slogan crafted in the 2014 budget after the country experienced one tragedy after another in the latter part of 2013: the MNLF siege in Zamboanga City, the earthquake in Bohol and the devastation of Yolanda in the Visayas. The calamities triggered an inflow of funding mainly for rehabilitation and reconstruction. In fact, in the 2014 national budget, Congress appropriated bigger allocations for calamities (P13 billion), rehabilitation and reconstruction program (P20 billion), and reconstruction projects under the governments unprogrammed fund (P80 billion). Congress also passed a P14.6-billion supplemental budget and extended the validity of the rehabilitation and reconstruction funds under the 2013 budget to this year. Under President Aquinos build back better campaign, devastated communities must be rebuilt to a much better state than they were in before the calamities to avoid the vicious cycle of destruction and reconstruction: Permanent and resilient housing would have to be built in safer zones, and infrastructure would have to be made climate-proof. However, a recent briefing by the International Red Cross indicated that people in areas ruined by Yolanda were going back to their destroyed properties. Early this month, nearly seven months after tsunami-like waves caused by Yolanda swept away homes and lives, Philippine Red Cross chair Richard Gordon reported that some families in disaster-stricken Tacloban City were back in a danger zone. In a recent visit to Tacloban City, he said, he saw newly rebuilt houses on the coast of Barangay 69, supposedly a designated no-build zone under the governments build back better program. Gordon noted, in particular, that makeshift houses were back in the section of the city where Yolandas deadly storm surge pushed ships to shore. Earlier, there was also the complaint of rehabilitation czar Panfilo Lacson about uncooperative Cabinet secretaries frustrating efforts to speed up the rebuilding process. The slow pace of rehabilitation could be one reason why affected residents are going back to the no- build areas. We are not new to the wastage of taxpayer money earmarked for infrastructure, going back to previous regimes. We have heard too often of overpriced and substandard highways, airports, school buildings, and many other exploited projects. President Aquinos Daang Matuwid campaign to stamp out corruption may have instilled fear among many government personnel. However, it has also delayed the approval and funding of many vital infrastructure projects. Build back better should not go the way of Daang Matuwid, which has caused a lot of undue delays. Build back better should focus not only on damaged schools in areas devastated by Yolanda, but also on thousands of other substandard schools that could be destroyed by even the weakest of typhoons. Build back better should turn out roads that dont need to be repaired after every rainy season, and drainage systems that dont get clogged up even when it rains hard. Build back better should mean building back everything better this time. Build back better ought to be not just another slogan.