We celebrated yesterday our country’s 115th Independence Day. Our country is no longer a young democracy. In a way, we have reached a certain level of political maturity, having gone through less controversial election processes, with sincere electoral reforms and stricter COMELEC rules especially in the last election, and strong media campaigns to educate the public on the importance of voting the right candidates.
We can say that there is a good degree of political independence as well, obtaining freedom from a dictator since 1986, the freedom to speak, to write and to protest to the point that some groups even overdo or abuse this freedom. We have also always cited a good degree of economic freedom with better economic fundamentals, growth rates of 7.8%, low interest rate regime, record-level international reserves, strong run-up in the stock market (with recent corrections), followed by recent Investment Grade credit ratings. Read the rest of this entry »