Multimedia

Lowering the interest rates in the Philippines will be timely given the weak growth rate in the first six months of 2019 and the lengthy tit-for-tat between the United States and China that is slowing down the global economy.

The event that ushered in the Philippine Revolution against more than 300 years of Spanish occupation is as significant as it is controversial. Sick of the oppression under foreign rule and craving for freedom and independence, Filipino revolutionaries under the leadership of Andres Bonifacio tore their “cedulas” (residence certificate) as a sign of their resistance.

President Duterte’s call for government agencies to issue permits within three days is a boon for social services and the economy in general.

It will not only help eliminate red tape and corruption in the bureaucracy but will also boost economic activities, which are currently restrained by the slow pace of the government approval process.