We are all aware that life is hard these days and businesses really need the injection of additional funds to stay alive. It was already clarified that as far as the ASEAN countries are concerned, there has been no official subsidy on financial allocations for Asian Countries as stated by the World Bank. If you will recall, Philippine President Gloria Macapagal-Arroyo widely announced that money was on the way only to sheepishly retract and declare that she was misinformed.

Now in the headlines of leading newspapers comes a proposed 100 billion development fund to help improve local infrastructure and shield the country from possible recession of the United States. For a third-world country that has been holding its head above water, where will you get the funds for that?

The brainchild proposal is proposed by the Philippine Chamber of Commerce and Industry (PCCI) to help protect the Philippines and would be used to finance education, agriculture, social welfare, and other projects that promote “human capital formation.”

Talk about timing, this really stinks. Rather than concern yourself with the ongoing local war and the impending rise in unemployment you are investing on other aspects that are very well going down the drain. While the intention is good, it needs the proper placement on when to implement it. Unfortunately, this is not the time to talk about investing money in an area which is certainly something that can only help benefit the government and of course the pirate businessmen who can only think of money to burn.

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