Tuesday, May 17, 2005

 

A Couple of Good News from Our Asian Neighbors

The good news brought about by Chinese President Mr. Hu Jintao's visit to the Phlippines with his pledge to loan us $2 billion for various projects is still fresh in our memories. Now we have the Taiwanese government with yet more good news of economic assistance. The Taiwanese are looking at the Subic Bay industrial center for some possible investments. This is great and exciting news! If this continues and hopefully other nations jump in on the bandwagon, we may be witnessing the beginning of a renewed trend of foreign investment coming to our country. Or we could be witnessing and benefitting from a rivalry of sorts from the two Chinese heavyweights in economy. It would be great to see these two try to outdo each other in who could provide the bigger investment.

More good news from yet another Asian neighbor . This time it is the battle against corruption which if we remember is the worst killer of economies. With funding from our European friends Hong Kong has 'loaned' us their corruption buster and he is very positive he can eradicate corruption in the Philippines!! If that isn't good news , I don't know what is! Remember this guy put an end to Hong Kong's corruption years ago. And our increasingly smarter players in government have hired his services. I like this guy's prescription on how to eradicate corruption in the Philippines. I think he means business.

Now, if only we would start seeing similar positive projections on how corruption is to be eradicated in our country from the more prominent quarters of our government. It is still a rare occurrence to see any news about any of our Congressmen or Senators proclaim to the public and lay out a game plan on corruption busting. Well, we have our hopes up. They will hopefully rally support behind the gentleman from Hong Kong soon. Our neighbors have taken an interest in helping us get on our feet, help us start walking then perhaps take off on a sprint to an economic first base. We should not then be so shy at doing all we can so we can pull a few home runs!
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