Hmm….
I was pleasantly surprised today. In a post written shortly after the Makati Standoff, I predicted that Trillanes would make our upswinging economy go down, and make our stock market and peso fall. Turns out I was wrong.
Though Trillanes did affect the international perspective of our country, it didn’t slow our economy down. Thank goodness for that. Based on Monday’s stock market performance, everything seemed to be going up up up. Investors are upbeat, and the peso strong. Even the Peninsula is upbeat after last week’s Makati standoff. We’re back, they announced today as that grand hotel reopened.
Perhaps people were impressed at how quickly the government handled the crisis, with no fatalities and little to no extra damage, save for a damaged hotel and a controversial incident where a number of journalists were hauled off to a faraway camp.
But even with those as negatives, government is already making amends to the Press, with no less than the President telling government units not to rile the media. In fact, that controversy with the Media may have a positive effect as well, because now government and the Media are meeting to discuss “rules of engagement” in order to avoid a repeat of that incident.
For the first time in what seems like a long time, things seem to be looking up for the Philippines. Despite everything, we remain strong and hopeful and bullish on the future.
I have never been so glad to be as wrong as I am now.
We still have to make sure to keep Trillanes and company away from five-star hotels though.
Filed under: Blog, Business, Current Events, Politics | Tagged: economy, Philippines, stock market, Trillanes
The first thing my brother said when we saw this story was, “I hope the Cake Shop is still okay”.
We used to live in Urdaneta. Also, back in my highschool days I would skate with the local pinoys along that building strip outside the Barangay - dodging the ladies of the night was always an adventure.
I’ll be back to check out your blog once in a while. Found it through a comment @ Modite. Cheers!
Hi Thrive!
Thanks for taking the time to write. I hear the cake shop at the peninsula is ok now, though I can’t be too sure about that until I actually go visit it. I’ll let you know how it is over there as soon as I do see the lobby after-Trillanes with my own two eyes. Take care!
Kelvin