Category Archives: Economy

SWS Survey: Filipinos Well-Fed In Past Three Months

MANILA, Philippines (The Adobo Chronicles, Manila Bureau) – Despite the economic impact of the Covid-19 pandemic, Filipinos remained well-fed, according to new survey released by the Social Weather Station (SWS).

CNN Philippines reports that the survey found that 2.5 Million Filipino families (which is but a small percentage of the total population) experienced hunger once in the past three months. This means that for the rest of the time, they were full and well-fed.

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.