It is glorious to be superrich. And to have Mr. Aquino as president

AS corporations declare their third quarter earnings this current reporting season, those that report earnings of just a few billion pesos do so without any enthusiasm. Under the boom times of Mr. Aquino, a few billion pesos in net is unremarkable, embarrassing even. The corporations that earn big cite so many reasons for their success. but the binding narrative is this: there has never been an administration that friendly – and that supportive - to business and capital.

That Mr. Aquino, as a leader, “is all-business” is something that can be taken literally and he seems proud and unapologetic of that governing philosophy.