Category Archives: Economy

How Many Zeroes In A Centibillion? We Asked Philippines’ Vice President Leni Robredo

MANILA, Philippines (The Adobo Chronicles) – She’s a lawyer, although she flunked the bar on her first try.  But she’s also known for her math skills, using them to publicly criticize the rising retail prices of rice and the Philippines’ inflation rate.

So  when it was recently reported that Microsoft founder Bill Gates  has joined Amazon founder Jeff Bezos as the world’s only two centibillionaires, we asked Robredo how many zeroes there are in a centibillion.

While math wizards quicky told us there are 11 zeroes in  a centibillion, Robredo disagreed, asserting that there are only 9 zeroes.

”Centibillion comes from two words — cent and billion. A cent is written out in numbers  as 0.01. So multiplying 1 billion by 0.01 gives is 9 zeroes.”

She even showed us a screenshot of her calculation using her China-made iPhone.

 

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Leni Robredo Deeply Concerned About The Philippines’ Declining Inflation Rate

F7CDB303-5755-46B2-9226-528871BFEFDCMANILA, Philippines (The Adobo Chronicles, Manila Bureau) – It was just this past September when Vice President Leni Robredo chided the Duterte government, saying that it can no longer continue to downplay the country’s inflation rate.

Well, reacting to February 2019’s inflation rate report, Robredo who, just last year, was guest speaker at a forum at the London School of Economics, expressed deep concern at the continued decline of the Philippines’ inflation rate — from 5.1% in December of 2018 to 4.4% in January and 3.8% in February this year.

”Lubos na nakakabahala,” (It’s very concerning) she told The Adobo Chronicles. “It’s about time Duterte and his economic managers do something to prevent a further decline in our country’s inflation rate.”

 

 

Senatorial Bets Blame TRAIN For Inflation, Urge NoyNoy Aquino To Fulfill Promise

MANILA, Philippines (The Adobo Chronicles, Manila Bureau) – Senatorial bets are urging  NoyNoy Aquino to now fulfill his promise when he was still President that he would let himself be run over by an MRT train.

The candidates issued the call during a televised debate after they blamed the country’s rise in inflation on the TRAIN law.