The excessive amount of time and effort being spent by public officials on inconsequential matters—case in point, the Metro Manila Development Authority–Land Transportation Franchising Regulatory Board rift—could place the Philippine economy on a slippery slope downwards to a big black hole.
The country’s economic growth dropped to 5.7 percent in the first quarter of 2014, slower than the revised 6.3 percent target. It’s the slowest expansion in over two years.
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