Somehow it is common to see in the Philippines of non-ugly roads being destroyed so that new roads will be built. On the same spot. Any new value added to society? Or just count them as part of big budget Build Build Build?
These photos in Yakal St., Makati, today.
Last year, my former teacher at UPSE, Dr. Noel de Dios, wrote that the investment capital-output ratio (ICOR) under Duterte admin is high compared to previous administration. High ICOR means some or many investments like public infra are inefficient, if not wasteful.
Waste and means
By Emmanuel S. de Dios February 9, 2020 | 9:58 pm
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