Community Whispers by Ray Junia
Community Whispers

The "comparable" 3% and 0.01%

Jul 19, 2022, 12:20 AM
Ray L. Junia

Ray L. Junia


Last month, I got invited to two weddings in the family. Truly, June is the wedding month and it’s no surprise our FB is flooded with “happy birthdays” in March.

I am happy for the bridegroom to have caught such beautiful bride. Then, I get reminded of that wise counsel: “Man is incomplete until he is married. Then he is really finished.”


To the bride, I wish she knows that a wedding is like a tourniquet, it prevents her circulation.


In the reception, I was seated next to an astonishing lady in her forties. I noticed something wrong and gamely asked, “Aren’t you wearing your wedding ring on the wrong finger? She answered, “Yes, I am. I married the wrong man.”


From wedding comes the kids. The bride and the groom become parents. Parenting is very challenging, even more challenging than the tantrums of the wife. So parents should be heard and listened to when it comes to their children.

This should be true on the issue of completely banning online learning in our education system starting November. The teachers and schools are not confident the health situation is ready for full time F2F in schools. They are supported by the parents.

The government should listen to the parents, they know better and they have only the welfare of their children in mind.

Face to face return should be phased.


On China loans to the Philippines, former Finance Secretary Carlos Dominguez III, says these loans are “based on favorable terms and conditionalities, broadly comparable with loan from other sources.”

Then, my good friend, DOTr Undersecretary for Railways Cesar Chavez, announced the cancellation of the loans, telling reporters that China loan carried a 3 percent interest, “much higher” than the 0.01 percent rate charged by Japan.

Indeed “broadly comparable,” the difference is too broad and wide, between 3 percent and 0.01 percent, that I wonder now why PPRD got him to head the DoF.

Sec. Sonny Dominguez, parrying questions on the propriety of the Chinese loans relative to Philippine interests, emphasized that Chinese loans obtained by the Duterte administration were all aboveboard.

I agree, they are too high above that ordinary mortals are not allowed to see and understand why 3 percent is comparable to 0.01 percent in interest rates.

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