Tuesday, September 28, 2010

Aquino brings home US$2.5 billion worth of investments: who will really benefit?

President Noynoy Aquino and his entourage just came back from their UN trip with an estimated US$2.5 billion worth of investments. Malacanang has just hailed this as a triumphant visit, which was capped by a 7 minute meeting between Obama and Aquino. 

Curiously though, no exact details were released on this alleged US$2.8 billion worth of investments. The big question is--who are the groups who will really benefit from this "windfall"? Will it be the Cojuangco Group who accompanied Aquino in his UN tour? Or the group of Mar Roxas, who, as Aquino himself revealed, introduced him to a group of bankers in New York?

There has been a lot of speculations about Aquino's trip. One thing is definitely for sure, the Filipino People is slowly being left out as a priority in this administration. The government of Aquino is slowly being unmasked as a poor implementor of anti-poverty programs. The number of poor people has increased. And more will definitely be added among the ranks of the poor due to the rising costs of goods and gasoline.

Aquino is starting to un-inspire a lot of people. His stance about the IIRC report is, to my mind, a letdown.