Category Archives: Economy

Leni Robredo Disappointed She Didn’t Win Nobel Prize For Economics

QUEZON CITY, Philippines (The Adobo Chronicles, Quezon City Bureau) – Philippine Vice President Leni Robredo is deeply disappointed that she wasn’t awarded the 2021 Nobel Prize for Economics.

The awards were announced yesterday.

Office of the Vice President Spokesperson Barry Gutierrez told The Adobo Chronicles said that Robredo was confident she woukd be recognized for her economic programs for the country’s laylayan (poor and disenfranchised), including her signature spaghetti distribution program and express Covid vaccination program using doses procured by the Duterte government.

She was also invited to speak at the London School of Economics in 2018.

This would have been the country’s second Nobel Prize after businesswoman Maria Ressa won the Nobel Peace Prize for her made-up stories on press freedom in the Philippines.

Well, better luck next time, Madam.

Leni Blames Duterte For Low Peso Exchange Against The U.S. Dollar

QUEZON CITY, Philippines (The Adobo Chronicles, Quezon City Bureau) – Nothing that President Rodrigo Duterte says or does escapes scrutiny by Vice President Leni Robredo — from the war on drugs to the Administration’s Covid-19 response. The U.S. Dollar to PH Peso exchange rate is no exception.

Today, Robredo lambasted Duterte for the suffering being experienced right now by Filipinos who earn their living or pension in the American currency.

The VP said she commiserates with the U.S. dollar-earning Filipinos whose incomes have been greatly reduced.

“If I become President, one of my priorities in my first 100 days is to make sure that the U.S. dollar will command a much higher rate for the Philippine peso.

Looks like Robredo’s economic managers failed to brief her that a lower PH exchange rate for the US dollar actually means the peso is strong against the dollar and bodes well for the economy.

Maginhawa Community Pantry Inspires Generosity Among Filipinos

MANILA, Philippines (The Adobo Chronicles, Manila Bureau) – It started with one community pantry on Maginhawa Street in Quezon City, and it blossomed into hundreds of similar spots all across the country.

The idea behind the community pantry was for anyone to take anything from the makeshift cart according to need, and for others to donate items according to their capacity.

Now, the community pantry has caught the entire Philippines like wildfire, and variations have also been seen in many places.

One community pantry offers free liquor, and another offers free cash. These have been quite popular among both takers and givers.

Only in the Philippines…