Wasting a crisisBSP Governor Eli Remolona Jr. said it right. “Last year’s crisis can be the jolt we need to pursue the bold reforms we want.”The Governor said reforms are essential to restoring investor confidence and sustaining strong economic growth. My colleagues at the Foundation for Economic Freedom have long believed that we should never waste a good crisis as an opportunity to introduce reforms. But our politicians are resistant to such reforms that reduce or eliminate their ability to steal from the government with impunity. But in the context of a sub-zero trust rating for BBM, words are no longer enough.

Source: Philippine Star January 22, 2026 16:33 UTC