What if the Bangko Sentral ng Pilipinas Charter (aka RA 7653 aka New Central Bank Act 1993) was amended to allow the BSP to get back into development spending (including methods like peso depreciation) & possibly help grow the PH economy faster with it?

What if the Bangko Sentral ng Pilipinas Charter (aka RA 7653 aka New Central Bank Act 1993) was amended to allow the BSP to get back into development spending (including methods like peso depreciation) & possibly help grow the PH economy faster with it?

in brief the BSP is said to have a "single mandate" of just keeping inflation down. not all central banks around the world are limited to this because other countries have central banks that have a 2nd mandate of creating jobs & growth, via development financing—if I understand this right this involves things like deliberate devaluation of currency including printing money (and most Pinoys would be like "the horror! over our 115 million dead bodies!") as well as extensive borrowing to fund large-scale projects like infrastructure & local industry investment.

this wasn't always the case because before 1993 the old Central Bank of the Philippines (founded 1949) had a "dual mandate" like the US Federal Reserve (ironic it's the bank of the US colonisers who imposed the gold standard on PH as a colony in the first place but more on that later); it could engage in development spending, infra. & industry loans &c. ... but since Miguel Cuaderno, its founding head, was so much "more austerity-obsessed than the Americans" he & nearly every central bank governor since (and their teams) focused near-exclusively on the inflation & just followed suit. it finally became their sole legal policy mandate in 1993 ... & they're still doing it today.

AI says this "single mandate" is now more common to central banks around the world today. it might be part of the "neoliberal wave" since the 1980s & it's common in Latin America & even the European Central Bank. in PH it's conventional wisdom because we're all inflation-&-strong-peso-obsessed; per the "jukebox economists" & industrial policy supporters like Leloy Claudio, Stephen Cuunjieng &c. amongst others (with much paraphrasing) it's a possible reason why PH can't develop as fast or as much as other Asian economies, which do allow & aren't scared of depreciation or deficit spending, though minsan via separate development banks or state corporations (in fairness tayo may DBP naman & ADB does help out so there's that?).

one theory BSP was barred from funding developmental projects by borrowing or devaluing is because we're so afraid of taking risks (and its main risks are inflation & corruption) & a lot of this is likely due to economic trauma from the Marcos Sr dictatorship—but Leloy suggests it's even older & a US-colonial original (as in Phil-Am-war-old; also see the early 1920s PNB scandal which was largely due to a post-WWI global economic crisis as much as colonial corruption if not more so), long before US & related agencies like WB & IMF really started pushing neoliberal reforms only in the 1970s-80s. just like with counterinsurgency, militarised policing, red-tagging, disinformation & everything else, yet again PH is a colonial lab rat for bad stuff the US later pushes around the world I guess.

so tl;dr = what if we "make BSP spend again" by amending the BSP charter / RA 7653 / 1993 New Central Bank law to allow it to go beyond just "managing inflation" & get back into the "growth, employment & development mandate"? including developmental borrowing & (shudder) peso devaluation where needed.

based on a post on r/todayIlearnedPH. (and yes I put it in "out of the box" because it's so unheard-of that even suggesting the BSP depreciate the peso is like saying Rizal & Magsaysay weren't perfect & were problematic ganung kalala lol).

sources:

RA 7653 - New Central Bank Act

Claudio, L. (2025). "The profligate colonial: how the US exported austerity to the Philippines". Cornell Press.

Heydarian, R. & Claudio, L. (2025 Jul 21). "Claudio: Corruption did not make Philippines poor (Full Episode) | The View From Manila". OneNews.ph. Youtube.

Fausto, R. F. & Claudio, L. (2026 Jul 15). " CORRUPTION IS NOT THE PROBLEM?". FQ Mom Channel. Youtube.

u/timawaphone — 11 days ago
▲ 36 r/PHInfra+1 crossposts

What if Ayala MRT station platforms were widened by taking up the EDSA tunnel space & re-digging the tunnel roads farther out?

the station platforms are very narrow / makitid kaya punung-puno parati & mahabang pila. ironic given it's one of the busiest stations since it links directly to Makati CBD with all the offices & malls as well as condos & high-rise residences & businesses (bakit pa kasi inilalim well dahil nga sa oligarch subdivision NIMBYs lol).

but I looked it up & it might still be possible to expand the station platforms out a bit kasi they just eat into the EDSA tunnels, sure that might mean re-digging & rerouting the tunnels farther out, and in case may concerns na tatama sa One Ayala on one side & Dasma on the other, ewan ko it seems wide enough underneath to move it out a couple of lanes or two, and anyways it might only be a small reduction in road space for cars (which are big) but a large expansion of station area for MRT commuters (which are small). course I'm not a engr. or architect or transport planner or anything so ano ba alam ko but malay natin.

thoughts guys?

u/timawaphone — 1 month ago

Fictional depictions of politicians or govt. officials in Filipino films & series (and even animation kung meron)?

looking for PH movies or TV series (or even animation kung meron lol) that feature fictional politicians or government officials. (I know there's real-life ones depicted in our movies but ibang usapan na yon for now yung mga explicitly fictional at least in names, even if heavily based on real-life ones but at least binago yung pangalan so I'm not looking muna for Emilio Aguinaldos & Marcos Srs. in film for this one. unless siguro borderline-legendary).

setting or time period can be any time in PH history whether it's presidents, congressmen or senators or govs., mayors & even brgy. capts. today, or assemblymen & municipal presidentes in the American era or even gobernadorcillos or capitan municipales & cabeza de brgys. in the Spanish era. ruling from anywhere in PH. executive or legislative or civil service or independent commissions (kahit nga siguro judiciary but separate class na rin yon). any morality whether good or bad, corrupt or not-so-corrupt (even reformists & honest ones kung meron man lol).

(ewan ko if datus & sultans & precolonial leaders count, as well as Spanish & American colonial officials & even the heads of Chinese communities, but that can be separate classes na rin but welcome na rin dito I guess, just identify them as such) thanks po

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u/timawaphone — 1 month ago
▲ 18 r/makati

what if nagkaroon ng Makati-specific flood control protest o rally?

sobrang lala na yung baha dun sa Buendia/SLEX & I'm sure iba pang bahagi ng Makati para bang walang natutunan yung mga nakaupo since last year.

tho yung mga rally last year eh parang "generic" & mostly nasa People Power monument o sa bandang Luneta. what if ngayon city by city (tapos Makati na isa dun).

either way ingat sa baha though.

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u/timawaphone — 2 months ago

did Spanish fashions in this era (c 1850-1900) differ at all significantly from Anglo-American & other Western fashions at the time, or was it generally the same?

hi & thanks for having me on this.

I'm trying to research what specifically Spanish fashions were like in the late 1800s.
because I'm from the Philippines & taking interest in the late Spanish colonial era for stories or art possibly.

I know this sub probably puts priority on Victorian-era Anglo-American (UK/US and British Empire settler states like Canada & Australia) cultures, and thus fashions, but is anyone here a expert on Spanish fashions in the same era? (and I guess immediate neighbours like Portugal, France & generally southwestern Europe or just continental Europe in general, as well as maybe Spanish-influenced Western fashions in Mexico & the most Hispanicised/Westernised parts of Latin America also works)

were there any significant differences or distinctly Spanish flourishes on general Western men's suits & women's dresses in this time, or did it look generally the same anyway? if there was differences what might these look like, in cut, colour, pattern, style etc.?

thanks guys

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u/timawaphone — 2 months ago

is it practical to promote football in PH by encouraging "street football" (a la street basketball) first?

hi thanks for having me here.

kinda new to watching it but ... isip ko one reason football isn't growing here as much as it should is our misconceptions of the sport. a big one is most of us Pinoys think the big field is required to play it in.

but ... lack of a big field never stopped generations of Latino, African, Arab/West Asian & Southeast Asian kids from kicking footballs in the streets though. (tho many of their countries do have big fields not far off in the cities, but point is they don't need the fields when just starting out).

just get two beer or gin bottles, timba or lata, bollards or even just rocks or draw a literal chalk line on the ground for the goalposts & then try to kick the balls through there or defend from them. hell it technically requires even slightly less equipment than street basketball which still needs at least a ring or some target high on a tree or wall to shoot at. and knowing there's things like futsal / indoor football that works with smaller spaces even inside malls eh that's also lower barrier to entry.

maybe while we're still building & opening up more big fields would it make sense to just go all-out aggressive in promoting "football para sa masa" or "kanto football" with players & coaches demonstrating it in urban barangay streets, in Metro Manila slum areas or really any PH towns & cities etc. ... unless we're already doing this? more power if so hope it helps grow the sport.

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u/timawaphone — 3 months ago

Philippines - Pineapple Cloth Frock Coat (1840-1849). -- would this have been worn over a barong Tagalog or camisa chino underneath? maybe by principalia men?

I know principalia men like gobernadorcillos & cabezas de barangay often wore coats or jackets over their barongs in the mid-to-late Spanish era, including the 1840s, like the decade this "pineapple frock coat" was from.

but were the principalia outer coats ever translucent & made of piña cloth like the baro(ng) itself? I thought they were always (relatively) thicker & made of darker, opaque material like maybe linen or cotton; maybe they could also be white, but usually actually opaque. (would anyone else have worn it like some Chinese merchants or even Spanish or other European civilian men, mestizos &c.?)

and do we have any other preserved original examples of "principalia jackets/coats" from the 1800s at least? actual samples not just artwork or photos.

shared from here. specific description from here:

"The production of pineapple cloth is specific to the Philippines and West Indies. Woven by hand from the leaf fiber of the pineapple plant, and often embellished with intricate embroidery, this highly valued fabric was fashioned into clothing and accessories that were a part of the traditional Filipino cultural heritage for centuries. Exportation to Europe and America started early, but became widespread during the 19th century, when it was promoted by Christian missionaries. The exported items, fashioned for both men and women, were highly prized for their beauty and novelty."

  • Title: Frock coat
  • Date: 1840–49
  • Culture: Philippine
  • Medium: cotton, piña
  • Credit Line: Brooklyn Museum Costume Collection at The Metropolitan Museum of Art, Gift of the Brooklyn Museum, 2009; Gift of Rebecca Grand, 1963
  • Object Number: 2009.300.322
  • Curatorial Department: The Costume Institute
  • Brooklyn Museum. "Of Men Only: A Review of Men's and Boy's Fashions, 1750- 1975," September 18, 1975–January 18, 1976.
  • https://www.metmuseum.org/art/collection/search/158133
u/timawaphone — 4 months ago
▲ 22 r/makati

hyper-local as in down to brgy. level (or mga magkalapit na brgy.) and of course I guess Makati-specific.

type of event can involve dinners or coffee shop afternoons (or mornings), group runs, creative events like sketchings or paintings or even just journalling or writing stuff together, or things like movie showings, concerts / gigs / shows, or even groups that would like to travel basta taga-Makati or even taga-same couple of brgys. lang, etc.

(ako I'm particular to creative events. maybe also runs.)

events can also be welcoming or even tailored to personality types, neurotypes (e.g. ADHD / autism / neurodivergent-friendly), etc.

tingin nyo?

if you're interested gawa na ba ng Discord server or TG group chat maybe? or meron na ba?

thanks guys

reddit.com
u/timawaphone — 6 months ago

I know it's an epic & it probably isn't trying to go for strict historical accuracy, but was Balagtas educated enough to have a specific era in mind--down to at least the decade, or at the very least the half-century or even century? all I can guess of it is it's set somewhere sa High or Late Middle Ages or something.

and if it can be pinned down to a specific time period in the Balkans, Greece, Byzantine Empire, southeastern Europe, Persia/Iran, etc., then has anyone attempted to make the costumes & sets (stage, screen, komiks or art) anywhere near reasonably, historically accurate to the best of their abilities? has anyone ever come close? what would they look like if someone tried to?

reddit.com
u/timawaphone — 6 months ago

I know it's an epic & it probably wasn't trying to go for strict historical accuracy, but was Balagtas educated enough to have a specific era in mind--down to at least the decade, or at the very least a half-century or even a century? all I can guess of it is it's set in the High or Late Middle Ages or something.

and if it can be pinned down to a specific era in the Balkans, Greece, southeastern Europe, Persia/Iran, etc., then has anyone attempted to make the costumes & sets (stage, screen, komiks or art) anywhere near reasonably, historically accurate? has anyone come close? what would they look like if someone tried to?

reddit.com
u/timawaphone — 6 months ago