IN late September and early October, many middle-class communities across the country were giddily discussing one thing that was not about the usual suspects: politics, sports, entertainment or the launch of a new technology product. It was rather about a bond offering from a property developer on a hotel-building spree overseas that carried an unprecedented 8-percent return a year. A recently retired overseas Filipino worker (OFW) couple — he, in the Middle East; she, in the Czech Republic — kept gushing about the 8-percent yearly return from the bond offeror as we were swapping boars (their Anglo-Nubian for my Boer) at their farm-cum-retirement place on Oct. 1.
If you were there and were observant enough, you would have known outright where the couple's giddiness was coming from.
Register to read this story and more for free.
Signing up for an account helps us improve your browsing experience.
ContinueOR
See our subscription options.