The holidays are over and once again we are back to the reality of everyday life.
And the harsh reality is that life is getting harder and harder for the ordinary Filipino.
No less than the country’s statisticians have noted that the country’s inflation rate accelerated to 1.8 percent last December 2025, from the 1.5 percent recorded in November.
Meanwhile, the Bangko Sentral ng Pilipinas (BSP) has acknowledged that – and we're quoting the central bank's actual statement here – “the outlook for domestic economic growth has weakened further... Business sentiment has continued to decline on governance concerns and uncertainty over global trade policy."
The shadow of the billion-peso flood-control corruption scandal still hangs heavily on our political and economic life.
Not only that, the public is still waiting in vain for the much-promised “accountability”; months after the flood control scandal broke out, high-ranking officials who are suspected of having raked in billions from looting the public treasury still walk free.
And both the rising rate of inflation and the weakening outlook for domestic growth is indicative of how the business sector itself is losing trust in the Marcos administration’s ability to resolve not only the flood-control scandal but also the still pressing problems of inflation, unemployment, stagnating economic opportunities, and managing an increasingly volatile global situation.
The final years of the first Marcos regime showed that when big business feel the pinch of unfettered corruption and oppression, they will mobilize their resources to feed the anger of the masses.
Whether business will now join the persistent calls of the public for genuine change in governance is a matter of “when,” not “if.”
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