Category Archives: Economy

Revival Of Barter Trade In Mindanao Bad News For Bongbong Marcos

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DAVAO CITY, Philippines (The Adobo Chronicles, Davao Bureau) – The announcement by President Rodrigo Duterte of the revival of the age-old Barter Trade system in Mindanao is very bad news for former Senator Bongbong Marcos.

More specifically, Barter (the exchange of goods and services without the use of currency) renders Marcos’ pending electoral protest against Vice President Leni Robredo moot and academic.

Mindanaoans can now trade Presidential daughter and Davao City Mayor Inday Sara with Robredo to be their VP.

No such luck for the Ilocanos.

 

VP Leni Robredo Asks Ex-Aquino Government To Explain P7.16 Trillion National Debt

D7C595AC-477C-4AEB-B3E4-6D8A5D08D5A2MANILA, Philippines (The Adobo Chronicles, Manila Bureau) – Vice President Leni Robredo has suddenly changed her tune regarding her demand for the government to explain the country’s P7.16 trillion national debt.

Earlier, she made this demand saying that President Rodrigo Duterte needs to be transparent on where government funds go.

But after she was told by her staff at OVP that P6.4 trillion of the P7.16 trillion national debt was inherited by Duterte from NoyNoy Aquino, Robredo then turned to the ex-President and asked for an explanation.

As of this writing, PNoy has not yet responded to Robredo’s demand.

Bam Aquino Decries Deflation

0CDBD179-0D44-4033-95F5-4CAEB1CD1CA4.jpegMANILA, Philippines (The Adobo Chronicles, Manila Bureau) – Opposition Senator Bam Aquino has been very vocal about the rise in inflation rate in the country.  It has been his battlecry on his social media accounts, consistently pointing to the increasing prices of rice and other basic commodities.

With the recent rollback in gas prices and the stabilization of rice supply and retail cost, Aquino has found a new calling: to protest what he sees would be the next economic problem of the country: deflation.

Aquino has definitely mastered the art of making a mountain out of a mole.