Tag: DBM

Lacson to DND: Pursue cyber, tech capabilities in age of modern warfare

In this age of biotechnology and artificial intelligence, the Philippines should be developing its cyber- and technological capabilities to ward off threats on those fronts.

Sen. Panfilo M. Lacson stressed this on Tuesday as he exhorted the Department of National Defense to exhaust all means to pursue this course of action.

“We are in an age of biotechnology and artificial intelligence. We should be looking at control of the airwaves and cyberspace,” Lacson said at the hearing for the DND’s 2019 budget at the Senate.

Related:Β Ping sa DND: Pumasok na kayo sa cyber-world
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On the NEDA Chief’s Reported Claim that the Peso’s Weakness is ‘Nothing to Worry About’

We should all worry that the NEDA Director General and the DBM Secretary (as earlier announced) are not worried about the weak peso.

For one, our offshore debt stands at US$73.1 billion. In July 2016, or exactly two years ago, the peso-US dollar rate was PhP47.30 per US$1. Now, it has shrunk to an all-time low at PhP53.40 per US$1.

We don’t need to be rocket scientists to realize that right off, we have to pay an extra PhP445.9 billion with the PhP6.1 difference.

Add to that the fact that the manufacturing sector imports a great portion of their raw materials.

Pray tell me if we shouldn’t be concerned.