Monday, January 3, 2011

Good news in Mining!

What's mine is also yours!

Cumulative investments since 2004 may have reached $2.89 billion as of early May 2010. The government targets to reach $17 billion by 2016.

To make this work for the Philippine economy in the long-term, the government should make sure most of the positions are given to Filipinos and technology is little by little transferred to Filipinos. We cannot repeat what happened to Nauru (among other national victims of resource depletion by transnational corporations). We can learn from the wonderful experience of Malaysia.

No comments:

Post a Comment