Tag Archives: Philippine business

Cronyism and the ‘padrino’ system: what they do to the Philippine’s political and business culture, and how to get rid of them


Cronyism and the ubiquitous padrino (patronage) system describe an economy in which certain business people and government officials maintain a close relationship, resulting in favoritism in the allocation of government contracts, permits, grants, benefits, etc. In its more despicable form, … Continue reading

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Harry Stonehill: enterprise helped him build a business empire, recklessness and lack of political finesse brought it all down


I remember Harry S. Stonehill. In his final months as a powerful and sometimes feared businessman in the Philippines, I would meet with him at his Magsaysay Building office in Ermita where we plotted PR campaigns aimed at curbing the … Continue reading

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