AN COMPLICATED MIND: Good and bad news
By Joe Rivera
During his most recent state of the nation address (SONA), Philippine President Benigno “Noynoy” Aquino III rued the lack of enthusiasm in the local media in reporting on the progress of the Philippine economy. President Aquino said that commentators in the foreign media have been bedazzled, citing Bloomberg Business week’s “Keep an eye on the Philippines.” And according to Morgan Stanley’s Emerging Market Equities which Aquino quoted, “The Philippines is no longer a joke.”
Or perhaps, the joke is on us. Are the foreign media and foreign credit rating agencies better judges of the Philippines’ economic performance? It’s the local media who are reporting on the gloomy realities on the ground, and they should know better.