Rizal Philippines
December 22, 2019
Just 2 days before Christmas, time to be happy and to celebrate.
Not for the executives, employees of the two water distributors: Maynilad and Manila water, their employees and investors.
Which includes the govt pensions who owns large chuks of two water companies and the pensioners whose pensions are at risk, what with huge loss of value of the pensions shareholding. The value of water companies dived byas as much as $2.4 billion in a single day of trading, after it was announced that the term extension of the water companies will not be allowed.
P127 Billion lost due to Dutertes spat with water companies
What are we talking about as oligarchs? They Ayala and MVP are simply heads, executive and not the sole owners. of the water companies and since they are public held/listed companies, the small investors are the oligarchs are to be sent to jail as well? Not to mention the P17 billion exposure of local banks to these water companies. All ready they are no longer releasing loans
Hinay hinay lang sirs.
It is worth noting that what was lacking in the actions and thought process is systems thinking ie that nothing is the world is now linear cause and effect and that one decision affects a myriad of other factors and elements. The demise, malfunction causes malfunction of others. It was part of the book of Hibino and Nadler PDF Breakthrough Thinking It is change in mindset, not rhethoric or bragadoccio, not high ratings
The top guns may brush aside this post as another mere academic ek ek. But practicing this will not get us to this dilemna, and another problem of the pension fund inability to pay the pensioners because of this showmanship. (The estimated loss to the govt pension and SSS is about P4 billion - peanuts eh.) No one can advise the Chief to analyze the effect of decisions on the nation as he shoots from the hip? I have an acquaintance who is a Usec who have strong ties with the Chief and who can advise...
What about perception of the investing companies of the Philippines as an investment haven? Loss of confidence due to impetuousness of the leader?
Another case in point. Non renewal of Franchise of TV and radio of ABS CBN. Think of the possible exit plans of the said company:
1. They have alternative TV and radio station to go to, ABC 5 which is languishing, the TV station of JIL
2. The company is now a content producer: TV shows movies magazines etc. which they can simply distribute.
3. They have IWAN TV that is a pay for view platform for their movies and other shows.
Who cares sir if you throw me in the river sir? Will the turtle drown sirs...
Well the head of state is the head of state. We are simply analyzing the problems that are being caused by certain decision. Things will be better.
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