Salceda notes that only 8,000 FB subscribers for the magazine that rated PH “least secure”


Albay District 2 Representative Joey Salceda. APPLICANT PHOTO FILE

MANILA, Philippines – An international business magazine with less than 8,000 Facebook subscribers should not be taken “too seriously,” according to Albay representative Joey Salceda.

Salceda, the chair of the House Ways and Means panel, was reacting to the Philippines’ dismal ranking in Global Finance magazine’s list of the world’s safest nations.

The international business magazine recently published a report showing the Philippines at the bottom of its list, marking it as the least secure of the 134 countries in the world, behind Colombia (133rd place) and war-torn Yemen (124th).

3 factors

Global Finance said it took into account three factors – war and peace, personal security and the risk of natural disaster, “including the unique risk factors arising from COVID-19” – to determine which countries are safe.

Salceda said there were other “useful and productive” global comparisons that give a more comprehensive assessment of measures against COVID-19 that have worked or failed in other countries in the same situation.

“For that, I would speak to our multilateral partners, such as the Asian Development Bank, the World Bank and the International Monetary Fund. I would speak to our counterparts in the legislatures of other countries and in their governments. I would speak to reputable universities and research institutes in those countries. I would talk to their private sector, ”he said.

“I wouldn’t take a magazine with just under 8,000 Facebook subscribers too seriously and I wouldn’t allow it to receive the kind of attention it received from the national press,” said Salceda, who counts more than 453,000 Facebook subscribers.

Global Finance’s social media accounts showed that she had 7,591 followers on Twitter, over 1,000 subscribers on YouTube and 7,407 likes on her Facebook page.

According to its website, Global Finance is a monthly magazine founded in 1987 with a circulation of 50,050 copies. He says his readers are mostly senior executives “responsible for making strategic investment and business decisions in multinational corporations and financial institutions” in 163 countries.

The magazine annually selects the best financial institutions from around the world and prides itself on its website,, as a valuable source of data on 192 countries and international financial markets.

Yemen, Venezuela

Salceda, an economist, said the magazine rated Yemen “where a literal humanitarian crisis is occurring, better than the Philippines.”

“Venezuela, where there is a political crisis bordering on civil war, is supposed to be safer than the Philippines,” he added.

“If none of this makes sense to you, we shouldn’t be giving him the kind of airtime he’s been allowed to take. The methodology was not even sufficiently well explained to allow us to draw any meaningful lessons from the investigation, ”said Salceda.

The lawmaker pointed out that “one of our least useful tendencies is that we sometimes breathe life into the wildest claims, even from the smallest foreign companies,” and Filipinos “tend to seek approval. strangers “.

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