IN the first part of my reflections on political-administrative leadership, I focused on national leadership and emphasized that it is situational. Leaders emerge during different periods in our country's history.A particular leader might be appropriate for a specific historical need and, perhaps, not for any other period. I cited the cases of Manuel L. Quezon, Manuel A. Roxas and Ramon Magsaysay.
One of the biographies on bureaucratic leadership contains an extemporaneous reflection shared with students of public administration by a bureaucrat who had served the country in different capacities not only as a government official, but also as a well-known leader of civil society. Her brand of leadership has been described as 'principled-centered' leadership.One student recorded her off-the-cuff remarks thus:'To be a bureaucratic leader is to suffer.
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Philippine Banks to Benefit from Robust Economy, says Fitch RatingsFitch Ratings predicts that the strong economy will support the asset quality and earnings of Philippine banks in the next two years, despite lower interest rates. The ratings agency expects GDP growth to accelerate to 6.0-6.5% in 2024 and 2025. Fitch also anticipates stable issuer default ratings for Philippine banks, driven by the expectation of support from the Philippine sovereign if needed. Private banks such as BDO Unibank, Bank of the Philippine Islands, and Metropolitan Bank & Trust Company are expected to outperform state-owned banks due to their underwriting standards and business profiles.
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