[In This Economy] When invoking supply and demand can get you fired

  • 📰 rapplerdotcom
  • ⏱ Reading Time:
  • 41 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 86%

Finance Finance Headlines News

Finance Finance Latest News,Finance Finance Headlines

Sacking Cielo Magno also gives a very bad signal to reform-minded individuals who might want to join government

For example, she was the one tasked to spearhead reforms when it comes to the, which is draining the public coffers at an alarming rate.

Before joining government, Cielo was also the chairperson of the Philippine Extractive Industries Transparency Initiative. As an official of the DOF, she was well-placed to ensure that mining taxes were high and reasonable enough to keep the mining industry in the country in check. Again, let’s hope that mining tax reforms are implemented after she leaves.

Some people ask, “Why did Cielo join the Marcos administration in the first place?” I guess any well-meaning economist confronts that question at the start of any administration, when extended the invitation to serve. It’s hypocritical, in fact, since Marcos himself said at the start of his term that he was willing to work with and appoint critics, regardless of political color. Obviously, his clarion call for “unity” was just for show.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in FİNANCE

Finance Finance Latest News, Finance Finance Headlines