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3 Cost Effective Ways to Solve Metro Manila's Traffic Problem

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The Facebook page of ANC 24/7 is asking for its reader's suggestion on how to solve Metro Manila's traffic problem. This got me thinking, "what is the best way to solve Metro Manila's traffic problem?" It's easy to make suggestions, what's hard is the implementation and the cost of implementation. So what is the the best way to solve Metro Manila's traffic problem and the most cost effective solution? Punitive Fines Add caption First of all, any implementation will definitely cost money, a lot of money. The cause of the traffic mess is the people themselves so it's only right that those causing the traffic problem should be fined and the fine should hurt. That way, the fines will pay for the cost of enforcing the law. The fines should start at P500 and goes up every week if you don't pay it within 15 days. To enforce this and prevent people from ignoring the fine. It will be tied to their driver's license or car registr...
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Bloomberg Global Outlook - Philippines

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News from Bloomberg about the state of the Philippine economy. There was a 120% foreign net inflow or $819M from 2011. The stock market is up 285% since 2008 beating global stock markets by 124%. The Philippines is the third fastest growing economy in Asia next to China and Thailand. As of yesterday, the PSE closed at 7,070.99.
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PSE chairman: Good governance luring investors

From the Inquirer . The Philippines is experiencing a surge in portfolio investments from abroad on the back of renewed confidence among fund managers in the country’s economic prospects, Philippine Stock Exchange (PSE) chairman Jose Pardo said Tuesday. Pardo pointed out that some P24.3 billion worth of net foreign buying in local shares had so far been recorded this year, reversing the net foreign outflow in the same period last year. “The continued strengthening of our macroeconomic fundamentals, positive outlook on the growth of our listed companies and confidence in your administration’s good governance drive, among others, have been catching the attention of investors locally and globally,” Pardo said in a speech before President Benigno Aquino III took to the PSE trading floor to celebrate the stock index’s rise on Monday above the 5,000 mark. “This historic rise of the index is a strong testament to the growing investor interest in the Philippines,” Pardo added. Climb ...
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Estrada Sues Alfonso Yuchengco and Philippine Daily Inquirer

What else is new? Joseph Estrada files a libel suit against Alfonso Yuchengco and the Philippine Daily Inquirer for their reports about him blackmailing Alfonso Yuchengco to sell his PLDT shares. Joseph Estrada really hates the Philippine Daily Inquirer doesn't he? Remember the ad boycott of the Philippine Daily Inquirer ordered during his Presidency? The guy's a really bully isn't he? It also makes you wonder whether it's worth it to invest in the Philippine stock market if one can be pressured politically to sell your shares. It may not affect you if you're a small investor, but a major investor would think twice before buying shares in the Philippines if things like this can happen. And to think I was thinking of buying a significant block of BPI and Jollibee. Tsk...
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