The Wait
It was long hours of waiting while checking on different social media platforms to read updates on the Philippines election 2022.
Election Result
At around 9:00 in the evening, the results started showing on the websites (of the national media). Ferdinand "Bong Bong" Marcos, Jr. was the leading candidate.
It was around 11:00 in the evening when the supporters of Vice President Leni Robredo showed disheartened posts on Twitter.
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| A screenshot from a post on Twitter |
On Tuesday, May 10, 2021, a Twitter post from Inquirer bothered many. It said that " American financial services giant J.P. Morgan dropped the Philippines to the bottom of an investment list... "
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| A screenshot from a post on Twitter by Inquirer |
The news is very alarming for many who are working hard to attain economic progress in our localities. We are still trying our best to recover from the continuous devastation of the pandemic and natural calamities.
In the Municipality of Loreto, Agusan del Sur, micro/small businesses are mushrooming. The development update videos posted on Loreto LEED Youtube Channel show how Loreto is emerging.
We are bothered that the predictions of some of the economic experts might come true. We've seen posts from entrepreneurs working with international investors withdrawing their contracts. They do not want to continue doing business in the Philippines when the poll rapidly unravels the winners.
If the backing out of international investors continues, I believe this is the time we should embrace local products. We should strengthen the local producers by providing financial, material, or educational support. Collaborate with local manufacturers/logistics to enhance and distribute the products in different areas in the Philippines or the world.
The 2022 election is over, but many of the citizens of the Philippines are outraged because of the results. Many rallied in different provinces to call out the Commission on Elections (COMELEC).
It is not the right time for the Filipino people to divide, feel defeated, or be chaotic. We need to broaden our understanding and find ways to recover from the crises we currently face and are about to face.
The Eight Key Conditions for Economic Development
by Takehiko Nakao
- Infrastructure investment
- Investment in education and health to develop human capital
- Macroeconomic stability
- Open trade and investment regimes, an active private sector
- Public governance
- Social inclusiveness
- Vision for the future
- Political stability, security, and good relations with neighboring countries