Outsourcing sector still on growth path

By Amy R. Remo
Philippine Daily Inquirer
First Posted 23:02:00 08/23/2010

THE LOCAL business process outsourcing sector remains optimistic of further growth and expansion this year, due largely to the increasing acceptance of outsourcing as a cost-saving and productivity-enhancing measure.

According to the results of a recent industry forum and a related survey, close to 80 percent of BPO companies in the Philippines expect to expand their workforce by 6 percent to as high as 80 percent in the next 12 months.

“Our previous survey showed a return to optimism in the industry. The current survey shows that sentiment achieving momentum,” said Oscar Sañez, chief executive officer of Business Processing Association of the Philippines (BPAP).

The online survey was commissioned by BPAP and Outsource2Philippines (O2P) and was conducted by TeamAsia from June 20 to July 29. The survey had a response rate of 26 percent and invitations were sent to 685 BPO executives in a broad range of sectors, including voice, back office, information technology, finance, legal, medical and creative services.

Industry executives also attributed their positive business outlook to improved perception of the Philippines following the automated national elections in May.

Almost 90 percent of the respondents indicated that the automated election had a significantly positive effect on investor and client perception of the country, while almost 60 percent cited the smooth transition to the new administration as a confidence booster.

According to BPAP, greater optimism in the regulatory and business environments following the election is expected to raise the Philippines’ profile as a stable investment location.

BPO executives also anticipate a productive working relationship with the administration of President Benigno Aquino III, it added.

“The Philippines has a window of opportunity to enhance its country brand and increase positive visibility to investors,” added Outsource2Philippines chief executive Michael Alan Hamlin.

However, respondents also identified potential hurdles to expansion, such as the tight labor market and corruption, which are still viewed as top investor concerns. Almost 60 percent of respondents cited labor as a major concern.

Further, developing and retaining capable middle managers was also identified as an emerging issue. As BPOs continue to shift to increasingly complex services, labor concerns are expected to intensify.

Competition from emerging BPO centers has likewise become a bigger threat, due in part to aggressive marketing campaign efforts. Up-and-coming centers in Africa, Latin America, and Asia, such as Egypt, Costa Rica, and China, have increased concern over the competitiveness of the Philippines, with almost 40 percent of respondents indicating increased competition as a top risk.

“While the outlook is positive, the industry is realistic about potential threats. Respondents appear not to take the outlook for granted,” added Gillian Joyce G. Virata, BPAP executive director for information and research

http://business.inquirer.net/money/topstories/view/20100823-288437/Outsourcing-sector-still-on-growth-path

New Quezon City business center to issue permits in 25 minutes (http://goodnewspilipinas.com/?p=12436)

The Quezon City government has launched a business center aimed at
simplifying the processing of applications for business permits and reducing
the waiting time to just 25 minutes, assuming all requirements are in.

The Business One Stop Shop, a new business registration system, intends to
hasten the registration of new businesses from 25 minutes to a maximum
period of nine days if the business type requires an ocular inspection.

:horse:

The release of GDP quarterly growth figures seems to express the efficiency of a government to get things like statistics done. Economic superpowers like the US and Japan already had their Q2 GDP growth released in the first week of this month. A week later other developed nations released theirs. Now Indonesia and Thailand has released theirs, we shouldn't wait too long for our Q2 GDP, no?

Just for reference, our SSC members' prediction of growth:

1) Fengrun - 7.8
2) IMF-6.0
3) Kintoy-7.0
4) Manila Eye - 8.0
5) Wino - 8.2
6) Oreotm - 7.2
7) 296619 - 7.7
8) Poizonous - 8.1
9) Ady001 - 9.0
10)crappypants-10.0
11) flymordecai - 9.4
12) diz - 7.2
13.) epik ll ian - 8.4
14.) Fraulein - 7.5
15.) Carjel - 8.0
16.) pi_malejana - 8.6
17.) cyrusal - 7.5
18.) RonnieR - 7.8
19.) Ecija -7.9

I'm sticking to my 9.4% :D

^^ haha may nakaalala ng pustahan!!

ano ba PRIZE?!

My estimate for Q2: 7.1 - 7.8% = Ave Growth est 7.4% :)

It's mainly due to ALI... and if it was indeed a trading error.. then we gonna see instant millionaires tomorrow.. someone bought 500,000 shares at 14, where it should be around 16... sayang!

We will still recover, our fundamentals are strong.. this is just a knee jerk reaction.. anyway in a few months time, tourists will come back, effect on the economy will be minimal.

And for PNOY, I hope this serves as a lesson for you.

Opportunity for ALI missed again :( it's now at 16.20!

It is still a positive growth. What do you want, a negative?

Philippine Economy Posts a Scintillating 7.9 Percent GDP Growth :banana:
Posted 26 August 2010

ChartDespite the El Niño phenomenon that scorched the Agriculture sector, a synergistic confluence of factors resulted in two consecutive quarters of GDP growth of over 7.0 percent. The peaceful national elections, improved investors confidence especially among local investors, the global economic recovery, increased capital expenditure of government and a low base fueled the domestic economy to a scintillating 7.9 percent growth in the second quarter of 2010 from 1.2 percent last year. The last time we experienced two consecutive quarters of more than 7 percent GDP growth was in the first and second quarters 2004 (7,2 percent and 7.1 percent, respectively), also preceding a presidential election. Together with an upwardly revised first quarter GDP growth of 7.8 percent (from 7.3 percent), the first semester sizzled to a 7.9 percent GDP growth, the highest semestral growth since 9.3 percent in the second semester of 1988.

For the second consecutive quarter, the Industry sector strongly supported by Services was the main driver of economic growth. Manufacturing sustained its first quarter production in response to the improved domestic and external demand and was shored up by Construction, Trade, and Mining & Quarrying.

On the demand side, increased consumer and government spending, increased investments in Construction and Durable Equipment, and the second consecutive quarter of immense growth in external trade contributed to the highest quarterly growth since the second quarter of 2007.

The continued inflow of compensation of our overseas workers sustained the NFIA, but at a much lower growth of 7.7 percent from 30.4 percent last year, pulling GNP growth to 7.9 percent from 4.4 percent in 2010.

For the first semester, GNP grew by 8.2 percent, its highest since 8.9 percent in the second semester of 1988.

However, removing the base effect and comparing 2010 with 2008 and 2008 with 2006, the first semester GDP growth from 2008 to 2010 is 8.8 percent, lower than the 11.6 percent first semester growth from 2006 to 2008.

The seasonally adjusted estimate of the GDP grew by 1.3 percent from 3.8 percent the previous quarter slowed down by the continuing decline of AFF. The Agriculture, Fishery and Forestry sector declined by 0.2 percent while Industry, the main growth driver for two consecutive quarters, grew at a slower pace of 3.5 percent from 5.1 percent the previous quarter. Services likewise decelerated to 0.4 percent from 4.4 percent. GNP slowed down as well to a 1.8 percent quarter on quarter growth from 2.0 percent.

Industry revved up the economy with a double-digit growth for the second consecutive quarter at 15.8 percent supported by Services which posted 6.4 percent while AFF declined by 3.0 percent for the third consecutive quarter. For the first semester, Industry grew by 15.9 percent, the highest semestral growth ever.

As population reached an estimated 93.8 million, per capita GDP rebounded by 5.9 percent, the highest since the second quarter of 2007, from negative 0.8 percent in the previous year while per capita GNP accelerated to 5.8 percent from 2.4 percent. On the other hand, Per capita PCE slowed down to 2.9 percent from 3.4 percent. At current prices, the per capita GNP now stands at P49,532 or US$ 1,082 for the first semester.

On the expenditure side, consumer spending grew at slower pace of 4.9 percent from 5.5 percent in the previous year.

With continued disbursement for ongoing projects, increased provision for pro-poor programs and the additional requirements of the 2010 national automated elections, Government Consumption Expenditure (GCE) grew, albeit at a slower pace, by 5.6 percent from 11.9 percent.

Investments in Fixed Capital Formation in the second quarter of 2010 rebounded to 25.5 percent from negative 0.3 percent boosted by increased investments in Durable Equipment and Construction.

Public Construction maintained its double-digit growth of 28.7 percent from 39.1 percent largely due to the carry-over disbursement for Ondoy rehabilitation and reconstruction activities and settlement of on-going and completed projects. Likewise, Infrastructure investments by the private sector managed to reverse the growth of Private Construction to 13.8 percent from negative 4.9 percent resulting to the expansion of Construction by 22.5 percent from 16.6 percent. Meanwhile, Investments in Durable Equipment rebounded to a roaring growth of 34.1 percent from negative 19.7 percent year ago as investments poured in to sixteen (16) out of the twenty (20) types of equipment. The growth in the investments in durable equipment was the highest registered since the second quarter of 1994.

Total Exports soared to 27.4 percent, the highest since the third quarter of 1986, from negative 18.0 percent last year as Total Merchandise Exports rebounded while Non Merchandise Exports accelerated. The country’s total merchandise exports rebounded to 30.2 percent, the highest ever, from negative 22.3 percent registered in 2009. On the other hand, Exports of Non-Factor Services accelerated to 17.2 percent in the second quarter of 2010 from 3.0 percent recorded last year.

Total imports rebounded to 23.9 percent from the negative 2.1 percent registered in the previous year, with robust performance from both Merchandise Imports and Non Merchandise Imports. Total Merchandise Imports rebounded to 25.3 percent from negative 2.1 percent posted last year. Likewise, Imports of non-factor services rebounded to 6.5 percent from negative 1.7 percent recorded in the second quarter of 2009.

Total Exports (Merchandise and Non-factor Services), valued at P760.9 billion pesos fell behind Total Imports (Merchandise and Non-factor Services), valued at P771.8 billion pesos at current prices, resulting in a trade deficit of P10.9 billion. In the same period last year, trade balance posted a surplus of 16.5 billion pesos. The current trade deficit is 0.5 percent of GNP compared to last year’s surplus of 0.8 percent.

The terms of trade during the quarter posted a trade index of 95.1 percent. This was lower than the trade index of 102.0 percent a year ago. Trading loss for the quarter amounted to 9,531 million pesos.
GNP Implicit Price Index (IPIN) stood at 541.9 percent from 520.6 percent in the previous year or 4.09 percent inflation.

^^ thank you former pres GMA for this miracilous growth :banana: :cheers:

Philippine Growth Unexpectedly Quickens to Fastest Pace in Three Years
http://www.bloomberg.com/news/2010-08-26/philippine-economy-expands-7-9-faster-than-estimates-peso-extends-gains.html


Philippine economic growth unexpectedly accelerated in the second quarter to the fastest pace in three years as consumer and government spending countered weaker farm output.

Gross domestic product increased 7.9 percent from a year earlier, compared with a revised 7.8 percent gain in the three months through March, the National Statistical Coordination Board said in Manila today. That’s faster than the 6.3 percent median forecast of 14 economists surveyed by Bloomberg News, and is the fastest pace since the second quarter of 2007.

Just for reference, our SSC members' prediction of growth:

1) Fengrun - 7.8
2) IMF-6.0
3) Kintoy-7.0
4) Manila Eye - 8.0
5) Wino - 8.2
6) Oreotm - 7.2
7) 296619 - 7.7
8) Poizonous - 8.1
9) Ady001 - 9.0
10)crappypants-10.0
11) flymordecai - 9.4
12) diz - 7.2
13.) epik ll ian - 8.4
14.) Fraulein - 7.5
15.) Carjel - 8.0
16.) pi_malejana - 8.6
17.) cyrusal - 7.5
18.) RonnieR - 7.8
19.) Ecija -7.9

I'm sticking to my 9.4% :D

7.9% IT IS!!!

ECIJA WON!!! congrats lol :D

oh man , talo. well there 's still two quarters left. :)

oh man , talo. well there 's still two quarters left. :)
mabuhay,nabura iyong hindi magandang nangyari sa Luneta.

well,higher growth is possible because of the upward trend in all sectors.

7.9% woohoo!!:banana: di na malayong maabot ang 10%...:D

7.9%!!!!!! Maraming Maraming Maraming Salamat po PGMA!!!! :D

7.9%!!!!!! Maraming Maraming Maraming Salamat po PGMA!!!! :D

Mali yata yan! Kay Pnoy tayo magpapasalamat!

Balikan natin ang ka-bitteran ni Pnoy :lol::lol::lol:


Aquino not impressed by 1st Q growth

By Philip Tubeza
Philippine Daily Inquirer
First Posted 19:16:00 05/29/2010

Filed Under: Economy and Business and Finance, Government

MANIL, Philippines—This former student of President Gloria Macapagal-Arrroyo is not impressed.

Presumptive President-elect Benigno Aquino III on Saturday belittled the Arroyo administration's boast that it had improved the economy with the country's gross domestic product growing by 7.3 percent in the first quarter of the year.

Aquino, who was Arroyo’s economics student at the Ateneo de Manila University, said the increase in the economic figures for the first quarter was primarily due to campaign spending for the May 10 general elections.

"Economic figures for the first quarter are inflated by the campaign spending and hence can't be claimed as the result of wise economic policies," Aquino said.

Arroyo on Friday said that the next administration should build on the economic achievements of her administration.

But on Thursday, Aquino expressed his concern that the outgoing administration was still on a spending spree despite the growing budget deficit.

"Many are saying that the (fund) releases are continuing. I hope this is not covered by the campaign ban. We are looking for a demonstration of managing the deficit but what we've heard is that the spending is continuing," Aquino said.

"If this spending continues despite the large deficit, how can you be (considered) fiscally responsible? I hope these allegations of midnight transactions—it looks like a last hurrah—are not true, that the funds needed to empower the citizenry in the next administration are going missing," he added.

congrats ecija for winning the forecast game.

7.9 is relatively high. but we can still push it to 10% quarterly growth. kung thailand nga nagawa nila na over 9% despite the tumult months ago. we just need a positive outlook.

Mali yata yan! Kay Pnoy tayo magpapasalamat!

This is still a momentum created by good economic policy be the former administration.

Balikan natin ang ka-bitteran ni Pnoy :lol::lol::lol:


Aquino not impressed by 1st Q growth

By Philip Tubeza
Philippine Daily Inquirer
First Posted 19:16:00 05/29/2010

Filed Under: Economy and Business and Finance, Government

MANIL, Philippines—This former student of President Gloria Macapagal-Arrroyo is not impressed.

Presumptive President-elect Benigno Aquino III on Saturday belittled the Arroyo administration's boast that it had improved the economy with the country's gross domestic product growing by 7.3 percent in the first quarter of the year.

Aquino, who was Arroyo’s economics student at the Ateneo de Manila University, said the increase in the economic figures for the first quarter was primarily due to campaign spending for the May 10 general elections.

"Economic figures for the first quarter are inflated by the campaign spending and hence can't be claimed as the result of wise economic policies," Aquino said.

Arroyo on Friday said that the next administration should build on the economic achievements of her administration.

But on Thursday, Aquino expressed his concern that the outgoing administration was still on a spending spree despite the growing budget deficit.

"Many are saying that the (fund) releases are continuing. I hope this is not covered by the campaign ban. We are looking for a demonstration of managing the deficit but what we've heard is that the spending is continuing," Aquino said.

"If this spending continues despite the large deficit, how can you be (considered) fiscally responsible? I hope these allegations of midnight transactions—it looks like a last hurrah—are not true, that the funds needed to empower the citizenry in the next administration are going missing," he added.

Anu kaya sasabihin ni Pnoy ngaun sa GDP growth? Eh diba sila din naman nagsabi na 55 days palang naman ang aquino administration as compared sa 9 years ni PGMA? Kaya ba nyang sabihin ngaun na namana lang ng administration nya ang GDP growth na eto? :lol::lol::lol::lol:

Hulaan ko anu magiging headline sa TV patrol ngaun regarding 2nd quarter GDP..

"Ekonomiya lumago ng 7.9% sa unang limangput limang araw ng panunugkulan ni Presidente Aquino"


:lol::lol::lol::lol:

This is still a momentum created by good economic policy be the former administration.

Reversed ko lang! At least, they will be happy for a moment! hehehe

Mr. Benjamin Diokno? what were you saying again? :lol::lol::lol::lol:

1Q GDP seen as unsustainable


Manila Times
Monday, 31 May 2010 00:00
BY DARWIN G. AMOJELAR SENIOR REPORTER AND LAILANY P. GOMEZ REPORTER

The country’s economic expansion during the first quarter—the highest in 30 years—is unsustainable because it depended solely on election spending, a former Cabinet secretary said. Benjamin Diokno, the former Budget secretary during the Estrada administration, said the better-than-expected growth the Philippines experienced during the first three months was not sustainable because it was mainly driven by election-related spending and because of base effects.

“I estimate that if election related spending was netted out, [the] first quarter GDP [gross domestic product] growth would be in the neighborhood of 3.6 percent,” the University of the Philippines economics professor said.

Last week, the government reported that the economy expanded by 7.3 percent from 0.5 percent in the same period last year and election-related spending contributed about 0.39 percent of GDP.

But Diokno said that only the two leading broadcasting companies, ABS-CBN Broadcasting Corp. and GMA Network Inc., benefited from the national elections.

“The fastest growing activity during the quarter was broadcasting media, up by a staggering 31.4 percent from 1.3 percent during the same quarter last year,” the economist said.

Waste collection/disposal businesses were also some of the entities that gained from the May polls as the sector grew by 9.5 percent from 1.9 percent.

“This involves cleaning up the clutter right before the start of the campaign period. The other election-related activity is the rental business for offices, [which went] up by 10.9 percent from negative 4.6 percent,” Diokno said.

Because of this, the 7.3-percent GDP growth from January to March may not be considered broad-based. Diokono said that the agricultural output during the period has declined largely because of El Niño and the lingering effects of Typhoon Pepeng.

“For Filipinos who rely on agriculture for their livelihood and employment—for those who live in the rural areas—poverty and hunger is not far behind. For them, the growth statistic is just a number. It can’t be used to feed one’s family, it can’t be used to educate one’s children and it can’t provide a better future for their children and their children’s children,” Diokno said.

For the whole of 2010, the government expects the GDP, which measures the value of all goods and services produced in the country, to grow between 2.6 percent and 3.6 percent for 2010.

The Bangko Sentral ng Pilipinas Deputy Governor Diwa Guinigundo said many factors are considered before the government can assure of a positive economic performance all throughout the year.

”There are many ifs and buts. Base effects are important. If they start to fade out then you will have less support for a large year-on-year growth,” he said.

Some of the other factors that the next administration should consider include putting up infrastructure to ensure that economic activity is sustained, controlled fiscal expenditure and higher tax collection.

”It may or may not involve new taxes. It may not involve better tax administration but it can be a combination of those two that will translate into better public finances,” Guinigundo said.

The central bank official also said that it would not be “a bad thing” if the new administration finds it difficult to keep the budget deficit from breaching caps because of public expenditure as long as it communicates to the markets and to the investors that the steps are crucial in expanding the economy.

“We may have to do these because we want to make sure that the necessary infrastructures are put in place so that we can really sustain a high economic growth of 7 percent or 8 percent,” Gunigundo said.

Balikan natin ang ka-bitteran ni Pnoy :lol::lol::lol:


Aquino not impressed by 1st Q growth

By Philip Tubeza
Philippine Daily Inquirer
First Posted 19:16:00 05/29/2010

Filed Under: Economy and Business and Finance, Government

MANIL, Philippines—This former student of President Gloria Macapagal-Arrroyo is not impressed.

Presumptive President-elect Benigno Aquino III on Saturday belittled the Arroyo administration's boast that it had improved the economy with the country's gross domestic product growing by 7.3 percent in the first quarter of the year.

Aquino, who was Arroyo’s economics student at the Ateneo de Manila University, said the increase in the economic figures for the first quarter was primarily due to campaign spending for the May 10 general elections.

"Economic figures for the first quarter are inflated by the campaign spending and hence can't be claimed as the result of wise economic policies," Aquino said.

Arroyo on Friday said that the next administration should build on the economic achievements of her administration.

But on Thursday, Aquino expressed his concern that the outgoing administration was still on a spending spree despite the growing budget deficit.

"Many are saying that the (fund) releases are continuing. I hope this is not covered by the campaign ban. We are looking for a demonstration of managing the deficit but what we've heard is that the spending is continuing," Aquino said.

"If this spending continues despite the large deficit, how can you be (considered) fiscally responsible? I hope these allegations of midnight transactions—it looks like a last hurrah—are not true, that the funds needed to empower the citizenry in the next administration are going missing," he added.

mabuti yan, at least try niyang lalampasan yan, or else he'll be a failure.

Can they blame the 7.9 growth to the previous administration also?

Hulaan ko anu magiging headline sa TV patrol ngaun regarding 2nd quarter GDP..

"Ekonomiya lumago ng 7.9% sa unang limangput limang araw ng panunugkulan ni Presidente Aquino"


:lol::lol::lol::lol:

hahaha ayus. :lol:

Hulaan ko anu magiging headline sa TV patrol ngaun regarding 2nd quarter GDP..

"Ekonomiya lumago ng 7.9% sa unang limangput limang araw ng panunugkulan ni Presidente Aquino"


:lol::lol::lol::lol:

Malaking himala po ito. Ipagbunyi po natin ang ating pangulo.:bash:

RP economy posts 7.9% in second quarter
MANILA -- The Philippine economy continued to post economic gains in the second quarter at 7.9 percent, bringing the growth in the last six months of the Arroyo administration to a similar 7.9 percent on the back of “synergistic confluence of factors.”

“The peaceful national elections, improved investors confidence especially among local investors, the global economic recovery, increased capital expenditure of government and a low base fueled the domestic economy to a scintillating 7.9 percent growth in the second quarter of 2010 from 1.2 percent last year,” said National Statistical Coordination Board (NSCB) secretary general Romulo Virola.

Socioeconomic planning Secretary Cayetano Paderanga earlier made a government forecast of 5.9-6.9 percent for the second quarter.

The NSCB said the quarter’s gross domestic product (GDP), which is the total amount of goods and services produced in the country, is supported by the growth in the industry sector (15.9 percent) followed by the services sector (6.36 percent).

The agriculture, fishery and forestry sector plunged by 3 percent due to the successive storms in the last quarter of 2009 and the El Nino phenomenon in the first quarter this year.

The NSCB also revised the first quarter GDP growth rate from 7.3 percent to 7.8 percent while the gross national product (GNP), which factors net income from abroad, jumped to 7.9 percent.

Virola said the Philippines last experienced two consecutive quarters of above 7 percent in 2004, an election year, when it the country posted 7.2 percent and 7.1 percent respectively.

“We have once again shown that a high economic growth is attainable for the Philippines,” said Paderanga.http://www.sunstar.com.ph/network/rp-economy-posts-79-second-quarter-243-pm

^^^^^^Wow!great great news!

Credit goes to P-noy and maybe the Arroyo administration.:cheers::cheers:

Malaking himala po ito. Ipagbunyi po natin ang ating pangulo.:bash:

^^ Isang milagro ni Tita Cory yan. ;)

Just for reference, our SSC members' prediction of growth:

1) Fengrun - 7.8
2) IMF-6.0
3) Kintoy-7.0
4) Manila Eye - 8.0
5) Wino - 8.2
6) Oreotm - 7.2
7) 296619 - 7.7
8) Poizonous - 8.1
9) Ady001 - 9.0
10)crappypants-10.0
11) flymordecai - 9.4
12) diz - 7.2
13.) epik ll ian - 8.4
14.) Fraulein - 7.5
15.) Carjel - 8.0
16.) pi_malejana - 8.6
17.) cyrusal - 7.5
18.) RonnieR - 7.8
19.) Ecija -7.9

I'm sticking to my 9.4% :D

I'm short by .1%. GNP rose by 8.2%. That's really a feat.

^^^^^^Wow!great great news!

Credit goes to P-noy and maybe the Arroyo administration.:cheers::cheers:

I give credit to Arroyo administration since the period covered was from April, May and June. P. Noy started July 1....:)

^^^^^^Wow!great great news!

Credit goes to P-noy and maybe the Arroyo administration.:cheers::cheers:

lol what?:lol::?

lol what?:lol::?

Wag ka nang angal! Mahirap baguhin ang data! Survey ending June 2010!

Bat kaya biglang NO COMMENT ang mga aquino fantards di2?
Calling, bitoy and eastern dragon!!! san na kau? anu na naman kaya excuses este opinions nyo? share naman jan :lol::lol::lol::lol:

Wag ka nang angal! Mahirap baguhin ang data! Survey ending June 2010!

:lol: hehe ibig ko sabihin bakit "maybe" lang eh samantalang panahon pa ni GMA ang Q2...:D

Bat kaya biglang NO COMMENT ang mga aquino fantards di2?
Calling, bitoy and eastern dragon!!! san na kau? anu na naman kaya excuses este opinions nyo? share naman jan :lol::lol::lol::lol:

Wag namang ganyan p're! Hirap na nga maghagilap ng sagot eh!
Basta ba sasagot nang punto por punto and above-board, okay sa lahat yon!

Basta masasabi ko, salamat PGMA, ramdam ang kaunlaran:D

Anu kaya sasabihin ni Pnoy ngaun sa GDP growth? Eh diba sila din naman nagsabi na 55 days palang naman ang aquino administration as compared sa 9 years ni PGMA? Kaya ba nyang sabihin ngaun na namana lang ng administration nya ang GDP growth na eto? :lol::lol::lol::lol:

baka sabihin nya na dahil sa mga political adds noong election period ang nagpataas sa GDP ng pilipinas! :nuts:

Philippine Growth Unexpectedly Quickens to Fastest Pace in Three Years
http://www.bloomberg.com/news/2010-08-26/philippine-economy-expands-7-9-faster-than-estimates-peso-extends-gains.html


Philippine economic growth unexpectedly accelerated in the second quarter to the fastest pace in three years as consumer and government spending countered weaker farm output.

Gross domestic product increased 7.9 percent from a year earlier, compared with a revised 7.8 percent gain in the three months through March, the National Statistical Coordination Board said in Manila today. That’s faster than the 6.3 percent median forecast of 14 economists surveyed by Bloomberg News, and is the fastest pace since the second quarter of 2007.

Imagine if our agricultural sector grows as well, 105 is easy to achieved. Hoping that they will give importance to that sector because majority of the poor are farmers in the province.

Guys diko alam kung tama bang dito ilagay to pero this one is a good read.

The Philippine Bus and Miss Universe
http://www.huffingtonpost.com/daniel-wagner/the-philippine-bus-and-mi_b_694544.html?ref=fb&src=sp

Economy posts 7.9% growth in Q2

By Ronnel Domingo
Philippine Daily Inquirer
First Posted 13:19:00 08/26/2010


MANILA, Philippines – The Philippine economy grew by 7.9 percent, higher than expected, in the second quarter, the National National Statistical Coordination Board said Thursday.

NSCB chief Romulo Virola said the growth – as measured by the gross domestic product (GDP) – was attributed mainly to peaceful elections, improved investor confidence and global recovery. GDP refers to the value of goods and services produced within the country at a given time.

Virola said the last time there was growth of more than seven percent in two consecutive quarters was in the first half of 2004.
:cheers::cheers:

^^ Excellent news!
The Philippine Economy grew 7.3%... now 7.9% ... 8.5%... 9.4%!!!

Salamat GMA, BCA at MABUHAY ANG PILIPINO!!!


:horse:

The question is, will it hold up after this recent crisis with HK tourists and the chinese peoples negative reactions?

WOW!!! 7.9% GDP growth! :banana::cheers1:
I'm so excited for the 3rd & 4th quarter. Sana umabot ng 10% sa last quarter. :)

The question is, will it hold up after this recent crisis with HK tourists and the chinese peoples negative reactions?

Why not? Thailand had a tumultuous protest yet they posted 9+ growth during that quarter. Plus, these current negative reactions are just for a meanwhile. It will pass once a bigger controversy arises :lol:

^^ :lol: Hopefully things would calm down right away and the increase keeps going up steadily.

expect higher growth in the last 2 quarters, christmas season na diba?

^^Merry Christmas Monsignor!

RP SMEs most bullish in Asia
(http://www.malaya.com.ph/08272010/busi4.html)

Philippine small-to-medium enterprises (SME) see better financing activities and growth for the year, compared to their neighbors, making the local small businesses the most bullish in Asia, latest UPS Asia Business Monitor (ABM) 2010 survey showed.

Attributed to the Philippine election optimism, the survey shows that 85 percent of Philippine SME leaders see more opportunities for themselves locally this year than last year.


:horse:

Economy up 7.9% in 2nd quarter

Highest in 3 years, say gov't economists
By EDU LOPEZ and CHINO LEYCO
August 26, 2010, 5:19pm

The Philippine economy pulled off another surprise in the second quarter, growing at its fastest annual pace in years, buoyed by a rebounding export sector and consumer spending fueled by a steady stream of money sent home by Filipinos working overseas and election spending.
The National Statistical Coordination Board (NSCB) said on Thursday that gross domestic product (GDP) in the April-June quarter expanded 7.9 percent from the year-earlier period, when the economy rose at a sluggish 1.2 percent due to the global economic slowdown.
The GDP expansion in the second quarter was higher than the 7.3 percent recorded in the first quarter which was revised by the NSCB to 7.8 percent. This was the second time in six years that the domestic economy posted a back-to-back robust growth above 7.0 percent, which most economists noted came preceding a presidential polls. The last time was in the first and second quarters of 2004 wherein the local economy grew by 7.2 and 7.1 percent, respectively.
The highest recorded was 8.3 percent in the second quarter of 2007.
Socio-Economic Planning Secretary Cayetano Paderanga said the Philippine economy grew faster in the second quarter than Indonesia and Vietnam but slower than Malaysia, Thailand, and Singapore.
Despite the better-than-expected GDP performance, Paderanga said the government will keep the growth target for the year since spending plans based on the current target are already set at a range of 5-6 percent.
Although he said that the projected the local economy to grow at a rate higher than the official target.
Like Paderanga, Finance Secretary Cesar V. Purisima believed that the domestic economy has shown more resilience than neighbors including Malaysia and Thailand, where growth is slowing as faltering recoveries in the US and Europe threaten exports.
“It's a reflection of the economic activity during the time of elections. Looking at the number, I am very pleased and I am hopeful that if we will implement the programs that we have identified as such as investments in infrastructure, we will be able to sustain the number,” Purisima told reporters.
He, however, admitted that the challenge is to sustain the growth momentum.“The key is sustaining it, not just keeping it once. Sustaining it for over a long period of time.”
The financial markets reacted positively to the good performance.
As of 1:13 p.m. on Thursday, the peso appreciated 0.3 percent to 45.122 to a dollar while the benchmark stock index rose 1.2 percent to 3,595.58. The Philippine composite index has increased 17.8 percent this year.
The peso’s two-day advance has erased almost all of the 1 percent slump on August 24, a day after a sacked policeman killed eight members of a Hong Kong tourist group.
“With upbeat economy and improving consumer sentiment plus Christmas holiday season, I see it sustainable,” BDO Capital and Investment Corporation President Ed Francisco said.
Meanwhile, Yuji Kameoka, a senior economist based in Tokyo at Daiwa Institute of Research Limited said the Philippine growth is also strong like other Southeast Asian countries.
The country’s gross national product (GNP) rose by 7.9 percent on account of the 7.7 percent growth in net factor income from abroad. Net factor income refers mostly to the dollar remittances of millions of overseas Filipino workers.
“We have once again shown that a high economic growth is attainable for the Philippines and all of us must work harder to maintain, if not surpass, this high economic growth achievement of almost 8 percent for the first semester of 2010,” Paderanga said.
He pointed out that the industry sector maintained its strong growth momentum in the second quarter.
“All sub-sectors expanded vigorously, led by the 12.4 percent growth in manufacturing and the 22.6 percent rise in construction activities.
The 36.3 percent growth of the mining sector, mainly coming from nickel, gold and other non-metallic minerals, was driven by higher demand from a recovering global economy and the continued high metal prices in the world market.”
Complementing this was the 13.8 percent growth in private construction activities, which benefited the quarrying subsector as it expanded by 20.3 percent vis-a-vis the 4.2 percent growth in the same period in 2009, said Paderanga.
“Lending support to overall growth is the utilities sub-sector, which grew by 19.1 percent on account of stable consumption and brisk pace of commercial services.”
Growth in the services sector was led by trade, private services, and ownership of dwellings and real estate due to improved market sentiment, continued recovery in the global economy, and election-related spending.
However, Paderanga said agricultural production performance remained in the negative territory. The 3.6 percent growth in livestock, poultry, and other crops, which accounted for 40 percent of total gross value added in agriculture, failed to make up for the losses in major crops, particularly palay and corn which continued to be adversely affected by the El Niño episode.
On the demand side, domestic demand continued to significantly support overall economic growth as both consumer and investor confidence held up well in the second quarter, said Paderaanga.
Investment in fixed capital grew by 25 percent, outpacing private consumption as the major source of growth.
Considering the prevailing positive business sentiment, the overall investment spending continued to strengthen in the second quarter.
Paderanga said the growth was mainly driven by the private sector with investment in durable equipment up by a hefty 34.1 percent. Uptick in public construction, also, contributed to the 22.5 percent increase in construction expenditure.
Significant improvement in private construction spending was noted as total gross value added in private construction grew by 13.8 percent in the second quarter.
Another factor was the upbeat in private consumption as evidenced by the sustained increase in spending on essentials such as food, transportation and communication, utilities, and beverages.
On the other hand, external demand, mainly, reflected the continuing recovery of the global economy with many economies in Asia, including the Philippines, growing robustly. This was mirrored by the expansion in the country's net exports, thus providing more impetus for growth.
Merchandise exports remained vibrant in the second quarter, growing by 30.2 percent in real terms as the country benefited from the strong growth in many of its Asian trading partners and the uptick in import demand of the United States.
Exports of services, likewise, maintained its strong growth with a 17.2 % expansion in the second quarter on the backdrop of a vibrant Business Process Outsourcing (BPO) industry and other IT (information technology)-enabled services in the country.
The increase in merchandise trade flows also provided firm support to the export of transportation services including cargo handling, storage and warehousing, and packing services, said Paderanga.

Wow!... Though may effect din dito ang economic trend sa buong mundo...

Wow!... Credit goes to the arroyo admin...

May nakakaalam po ba dito kung anong ave. GDP per year sa panahon ni Arroyo? TY!

1stQ - 7.8 GDP
2ndQ - 7.9 GDP and 8.2 GNP

na revise pala ung first quarter to 7.8%!!!

OMG!! hehe thank you pangulong GMA..

now it's NOYNOY's turn next quarter.. abangan ang susunod na kabanata.. hehe

Let's all give credit to the past administration. Go Philippines!

Wow!... Though may effect din dito ang economic trend sa buong mundo...

Wow!... Credit goes to the arroyo admin...

May nakakaalam po ba dito kung anong ave. GDP per year sa panahon ni Arroyo? TY!

1stQ - 7.8 GDP
2ndQ - 7.9 GDP and 8.2 GNP

its good to know that our economy grew that much but the next administration must see to it that our countryside will also get a fair share of the growth and infrastructure developments dili lang kay ncr or regional centers lang ang makakuha sa majority of government funds. the people in the far flung areas of the philippines need most of the funding to up their living standards.

its good to know that our economy grew that much but the next administration must see to it that our countryside will also get a fair share of the growth and infrastructure developments dili lang kay ncr or regional centers lang ang makakuha sa majority of government funds. the people in the far flung areas of the philippines need most of the funding to up their living standards.

Very true. But they say: MANILA = PHILIPPINES! So, what can our brothers in Mindanao do? Or Palawan which I seldom hear to be included even in weather reports?
It was a bit balanced with GMA before because she has roots in Luzon (Pampanga) as well as in Mindanao and the Visayas. Her mother is a Macaraeg of Iligan and husband is of Ilongo descent, lawyer Mike Arroyo of Binalbagan, Negros Occidental.

Very true. But they say: MANILA = PHILIPPINES! So, what can our brothers in Mindanao do? Or Palawan which I seldom hear to be included even in weather reports?
It was a bit balanced with GMA before because she has roots in Luzon (Pampanga) as well as in Mindanao and the Visayas. Her mother is a Macaraeg of Iligan and husband is of Ilongo descent, lawyer Mike Arroyo of Binalbagan, Negros Occidental.

so far gma administration has proven to distribute the infrastructure developments to the countryside maybe because she has roots from different parts of the country. now its pinoy time to give priority on countryside development.

Very true. But they say: MANILA = PHILIPPINES! So, what can our brothers in Mindanao do? Or Palawan which I seldom hear to be included even in weather reports?
It was a bit balanced with GMA before because she has roots in Luzon (Pampanga) as well as in Mindanao and the Visayas. Her mother is a Macaraeg of Iligan and husband is of Ilongo descent, lawyer Mike Arroyo of Binalbagan, Negros Occidental.

Well, Noy has roots in China and Luisita:D:lol:

Well, Noy has roots in China and Luisita:D:lol:

Sa outer space? Simpson's, you know?

RE: GDP GROWTH OF 7.9%

parang naglaho lahat ng doomsayers nuong term ni GMA.. LOL

i remember President Noy being one of them... tsk tsk tsk.. Unsustainable daw... malamang batikusin nia na naman ang babae..

so far gma administration has proven to distribute the infrastructure developments to the countryside maybe because she has roots from different parts of the country. now its pinoy time to give priority on countryside development.


Kaya pala paborito ni GMA ang Pampanga dati :lol:

its good to know that our economy grew that much but the next administration must see to it that our countryside will also get a fair share of the growth and infrastructure developments dili lang kay ncr or regional centers lang ang makakuha sa majority of government funds. the people in the far flung areas of the philippines need most of the funding to up their living standards.

Im holding on sa pinangako ni Noynoy na palalaguhin ang Agrikultura natin. Kung mangyayari yun baka next year nasa 10% na ang GDP growth natin.:cheers:

Better yet magconcentrate muna ang Pilipinas sa ibang aspeto ng economy natin habang mainit pa ang issue about hijacking. Tapos pag medyo ok na ang sitwasyon promote ulit ang Pilipinas sa buong mundo.

yes food production has to be increased to lower the costs of foods and supply the ever increasing population. It will also help with the tourism industry since cheaper costs of foods will increase the quality of foods available to tourists which is a very big part of the tourist experience. Pnoy needs to do something aggresive about the population. it's out of hand, MM is uncomfortably crowded and you don't want to just keep moving these people out of MM to make other MM all over the country.
Another thing he can do is phase out the jeepneys and tricycles slowly, they are hampering productivity by causing traffic and polluting the city making it look like a giant smoke factory , and the costs of health problems created by this cloud of smoke in the air. Painting is futile as the smoke belchers make the city look like a giant ghetto.
ANother thing educate drivers with common courtesy of driving, punish those drivers who make singit singit and drive outside of their lanes to lessen traffic, it's horrible.
If he does these things I guarantee he can make 10%

RE: GDP GROWTH OF 7.9%

parang naglaho lahat ng doomsayers nuong term ni GMA.. LOL

i remember President Noy being one of them... tsk tsk tsk.. Unsustainable daw... malamang batikusin nia na naman ang babae..

tumahimik lahat pati si P. Noy hehehehe. Anyway, I heard in the news that signs for 3rd quarter growth are also strong (industry, services).....

Thank You So Much Madam CGMA...

^^That's her proven legacy as shown on PCSO ad wraps on various MRT/LRT coaches: Ekonomiya.

mabuti yan, at least try niyang lalampasan yan, or else he'll be a failure.

Why not make this 'bitter' remark of PNoy be converted into positive? Make this a challenge for new administration to do even better economic performance. So the statement of Pnoy should be like this:

"7.3% lang? Kakayanin ko yan aabot pa sa 10%..." :nuts:

Statement of Socioeconomic Planning Secretary Cayetano W. Paderanga Jr. on the second quarter 2010 national income accounts

[August 26, 2010]

We just heard how the Philippine economy remained strong along with the robust growth momentum in the Southeast Asian region and other Asian economies. Real gross domestic product (GDP) expanded significantly by 7.9 percent in the second quarter following an equally strong revised 7.8 percent growth in the first quarter. These are two consecutive periods of above-trend growth.

Philippine GDP grew faster in the second quarter than Indonesia and Vietnam but slower than Malaysia, Thailand, and Singapore.

Meanwhile, the Gross National Product (GNP) grew by 7.9 percent on account of the 7.7 percent growth in net factor income from abroad.

The industry sector maintained its strong growth momentum in the second quarter. All sub-sectors expanded vigorously, led by the 12.4 percent growth in manufacturing and the 22.6 percent rise in construction activities. The 36.3 percent growth of the mining sector, mainly coming from nickel, gold and other non-metallic minerals, was driven by higher demand from a recovering global economy and the continued high metal prices in the world market. In addition, the 13.8 percent growth in private construction activities benefited the quarrying subsector as it expanded by 20.3 percent vis-a-vis the 4.2 percent growth in the same period in 2009. Lending support to overall growth is the utilities sub-sector, which grew by 19.1 percent on account of stable consumption and brisk pace of commercial services.

Growth in the services sector was led by trade, private services, and ownership of dwellings and real estate due to improved market sentiment, continued recovery in the global economy, and election-related spending.

As expected, growth in total agricultural production remained negative. The 3.6 percent growth in livestock, poultry, and other crops, which accounted for 40 percent of total gross value added in agriculture, failed to make up for the losses in major crops, particularly palay and corn which continued to be adversely affected by the El Niño episode.

On the demand side, domestic demand continued to significantly support overall economic growth as both consumer and investor confidence held up well in the second quarter. Investment in fixed capital grew by 25 percent, outpacing private consumption as the major source of growth. Considering the prevailing positive business sentiment, overall investment spending continued to strengthen in the second quarter. Growth was mainly driven by the private sector since investment in durable equipment rose by a hefty 34.1 percent. Further pick up in public construction contributed to the 22.5 percent increase in construction expenditure. More importantly, significant improvement in private construction spending was noted as total gross value added in private construction grew by 13.8 percent in the second quarter. Private consumption remained upbeat as evidenced by the sustained increase in spending on essentials such as food, transportation and communication, utilities, and beverages.

External demand on the other hand mainly reflected the continuing recovery of the global economy with many economies in Asia, including the Philippines, growing robustly. The country’s net exports substantially improved, thus providing more contribution to growth. For instance, merchandise exports remained vibrant in the second quarter, growing by 30.2 percent in real terms as the country benefited from the strong growth in many of its Asian trading partners and the uptick in import demand of the United States. Exports of services, likewise, maintained its strong growth with a 17.2 percent expansion in the second quarter given the still vibrant BPO industry and other IT-enabled services in the country. The increase in merchandise trade flows also provided firm support to the export of transportation services including cargo handling, storage and warehousing, and packing services.

Looking forward, we still expect the agriculture sector to remain sluggish given the possibility that a transition to La Niña will materialize in the second half of 2010. However, given the stronger than expected performance of industry and services sectors and the robust investment growth in the first two quarters, it is likely that full year GDP growth in 2010 will be leaning towards the upper end of the 5-6 percent GDP target, perhaps, even higher than that.

We have once again shown that a high economic growth is attainable for the Philippines and all of us must work harder to maintain, if not surpass, this high economic growth achievement of almost 8 percent for the first semester of 2010.

Thank you very much and good morning.

www.neda.gov.ph

Why not make this 'bitter' remark of PNoy be converted into positive? Make this a challenge for new administration to do even better economic performance. So the statement of Pnoy should be like this:

"7.3% lang? Kakayanin ko yan aabot pa sa 10%..." :nuts:

For a thinking man like you, yes that would be best.
Meron kayang konting liwanag sa isip ni Pnoy upang i-reverse yung mindset na "blame glo"? I hope in time he will catch up. He's not getting any younger, you know?

Another thing he should focus on is preserving and protecting the environment .
that's our main advantage he should capitalize on. We have 7000 islands where beautiful beaches are a dime a dozen there's no reason why we should 'nt be a tourist mecca.
We have one of the richest marine ecosystem in the world, we should be harnessing this to be the number one seafood exporter in the world.
The young population can be an asset too if he educates everysingle filipino kid and not just the rich kids who can afford good schools. We already have the foundation and structure it just needs to be fine tuned. The good news is training these people to be skilled is cheaper than it does in other countries. Do you know Filipino trained dentists are second in numbers of foreigners practicing in the US. there is good news and bad news to that. But how much does it cost to train a dentist in the PHils compared to US? much less.
The only problem I see is all these cheap imports from
China, flooding markets everywhere from baclaran, to greenhills and SMs. I doubt they're paying taxes , that has to be addressed. And SM is getting too big. It's not good to let one company monopolize everything , he even supplies his own stores with his own Bonus products which i'm sure he sources from China. I wonder how efficient is the tax collection on that. If he does all these things I'm sure he can make the miraculous growth of 12% easy.

Kaya pala paborito ni GMA ang Pampanga dati :lol:

mas paborito niya ang cebu because she is the president of the cebuanos not the philippines according to senator loren legarda. we deserve our very own republic of cebu then:lol::lol::lol:

mas paborito niya ang cebu because she is the president of the cebuanos not the philippines according to senator loren legarda. we deserve our very own republic of cebu then:lol::lol::lol:

another stupid remark from senator legarda.

mas paborito niya ang cebu because she is the president of the cebuanos not the philippines according to senator loren legarda. we deserve our very own republic of cebu then:lol::lol::lol:

Boinks. Sinabi ni Legarda yan? Link please.

mas paborito niya ang cebu because she is the president of the cebuanos not the philippines according to senator loren legarda. we deserve our very own republic of cebu then:lol::lol::lol:

no basis....unreliable statement.

Salamat PGMA:D toinks

hehehe

Philippine GDP growth rates 2001-2009

2000 4.4
2001 3.2
2002 4.6
2003 4.7
2004 6.0 (revised from 6.1)
2005 5.0 (revised from 5.1)
2006 5.4
2007 7.8
2008 3.8 (revised from 4.6)
2009 0.9

GMA average 4.6


source: NEDA (http://www.neda.gov.ph/econreports_dbs.asp)

mabuti yan, at least try niyang lalampasan yan, or else he'll be a failure.

He'd better do a better job than this because we are sinking deeper and deeper into a vile pit.

mas paborito niya ang cebu because she is the president of the cebuanos not the philippines according to senator loren legarda. we deserve our very own republic of cebu then:lol::lol::lol:

^^ Hindi ko alam pero palagi akong nakakabasa ng ganitong mga comment sa mga taga Cebu. Anyway Goodluck :)

Give credit where credit is due.. Thanks to the previous administration! :)

For Q3, sectors to watch: Agriculture, Manufacturing, Construction, and Tourism.

IMO, Agriculture may be up due to the rains, Manufacturing slowing down due to slowing exports, Construction will slow down due to cutbacks of Aquino admin, and Tourism will be down due to security concerns (effect will be minimal overall). Consumption will still drive growth but at a slower pace compared to Q1 and Q2..

GDP forecast - 6 - 7%, unless there are revisions on previous growth rates. :)

Naku, yung Tourism na inaasahan, naging bato pa, paano na yan Pnoy.

^^ Hindi ko alam pero palagi akong nakakabasa ng ganitong mga comment sa mga taga Cebu. Anyway Goodluck :)
Here's why:http://globalnation.inquirer.net/cebudailynews/news/view/20080724-150385/GMAs-mom-once-lived-in-Cebu
GMA’s mom once lived in Cebu
Cebu Daily News First Posted 11:11:00 07/24/2008 Filed Under: Family, Construction & Property
As President Gloria Macapagal Arroyo is set to inauguarate Plaza Sugbo and the Doña Eva Macaraeg-Macapagal session hall at the Cebu City Hall today, local officials and society scribes recalled the life spent by the President’s mother in Cebu.

“Evangelina ‘Eva’ Macaraeg-Macapagal had quite a strong personality,” recounted Jaime Picornell, lifestyle columnist.
“She was frank. She spoke what she thought and you’d know from looking at her that she was refined and well educated. She had good bearing,” Picornell said.

Picornell said he first met Doña Eva , President Gloria Macapagal-Arroyo’s mother, when she became the first lady.
“She and then President Diosdado Macapagal paid an official visit to Cebu in 1964. I was working for the Morning Times,” he said.

Picornell recalled that the first lady spoke Spanish very well in their first meeting at the reception area of what was once Magellan Hotel in Lahug.
“After the reception, the guests had dinner at the Villalon mansion,” he said.
But Picornell said it was only recently that he knew Doña Eva, a physician and the second wife of Diosdado Macapagal, had lived in Cebu with her family when she was in her teens.

Her father, Juanito Macaraeg, was a district engineer at the Department of Public Works and Highways. He was assigned in Cebu in 1926 when the South Road connecting Santander town to the Cebu Port was being built.
It was then that he brought his whole family with him.

“Eva Macaraeg had her debut at a club house near where the Redemptorist Church is now,” Picornell said. Picornell said the area where the club house stood belonged to the Unchuans who donated the area to the Redemptorist Church later. Doña Eva was close to the Unchuans, specifically Elena Tan Unchuan, who died last May 6. They met during the Macaraeg family’s stay in Cebu. Unchuan was President Arroyo’s guardian when she went to the United States and studied at Georgetown University.

“From what I heard, Ms. Macaraeg was quite popular during her stay in Cebu,” Picornell said. “She was once crowned Carnival Queen in the 1930s,” he said. The Carnival Queen is usually the highlight of the summer season and the most popular girl was chosen as the Carnival Queen, he added.

Cebu City Vice Mayor Michael Rama said President Arroyo told him and other city officials that her mother used to live in Cebu. He said when the President mentioned donating P15 million in 2006 for the renovation and landscaping of Cebu City Hall, local officials suggested naming the session hall after her late father. “But she said there are already many halls named after her dad, and suggested we name it after her mother, Eva Macaraeg, who used to live in Cebu City when her grandfather was assigned here. So we did,” Rama said.

According to Cebu City Councilor Sylvan Jakosalem, Doña Eva was indeed popular and was known by a lot of people in Cebu society. “She and my dad, lawyer Silvan Jakosalem, were friends. They used to go out,” Jakosalem said. He said it was President Arroyo who recalled this relationship during a function in 1996 when she was still a senator.
At the time, Jakosalem said, he was president of the Cebu chapter of the Kapisanan ng mga Brodkaster sa Pilipinas (KBP).
“We were sitting next to each other and we introduced ourselves. She said, ‘Jakosalem? That sounds so familiar.’ And she called somebody on the phone, probably her mother and she laughed. Then she said, ‘my mom knew your dad,’” he said.
“Maybe they used to go out... I don’t know, maybe as friends. But the President joked once and said ‘you could have been my brother,’ so yeah, maybe they went out, with chaperones probably,” Jakosalem said.
/Joyce C. Abaño

DTI names electronics among top priority sectors

By Ma. Elisa P. Osorio
(The Philippine Star)
Updated August 28, 2010 12:00 AM Comments (0) View comments

MANILA, Philippines - The Department of Trade and Industry (DTI) named the electronics industry as one of its top priority industries and promised to bring back the $1-billion investments the country enjoyed during the industry’s prime in 2007.

In a meeting with the Semiconductors and Electronics Industry in the Philippines (SEIPI), Trade Secretary Gregory l. Domingo said that electronics along with the business process outsourcing (BPO) and tourism are the top three priority industries of the administration.

In a statement, SEIPI said that Domingo promised to improve the country’s business environment by strictly monitoring the competitiveness ratings and put a lot of effort in cutting red tape.

To cut the red tape, DTI will revamp all frontline services that deal with customers beginning with the registration of business names.

Likewise, the process of registering a business name will be cut down to 15 minutes from four to eight hours.

Earlier, SEIPI reported that investments in the electronics sector grew to $511 million for the first seven months of the year as it overshot last year’s investments figure of $469 million.

“The industry is very bullish in terms of investments,” SEIPI president Ernesto Santiago said.

In fact, he said their target is to reach $1 billion worth of investments for this year. For January to July, Santiago said most of the investors are new players.

However, the electronics industry said growth will start to slow down in the third and fourth quarter after growing by 44 percent for the first five months of the year.

“We are preparing for the softening of the market by the end of third quarter until the fourth quarter. Hopefully it does not extend until 2011,” Santiago said.

Because of the softening of the market, Santiago said it is possible that they will not be able to hit their revised target of 25 percent to 30 percent.

“For the third quarter, it will be lower than expected. The growth will taper down,” Santiago noted.

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Naku, yung Tourism na inaasahan, naging bato pa, paano na yan Pnoy.

I'm still optimistic about it. OA lang mga yan. Babalik at babalik pa rin yan sa Pilipinas dahil laki kita singko singko alaw alaw. :lol:

I'm still optimistic about it. OA lang mga yan. Babalik at babalik pa rin yan sa Pilipinas dahil laki kita singko singko alaw alaw. :lol:

Yep. I hope you are right! Laki nga kita, liit naman mata!

Good, naging optimistic ka na ngayon na si ponoy na ang lidel:D dati kasi pulo masama lalabas sayo:D

Gov’t keeps P325-B budget deficit cap

By Ronnel Domingo
Philippine Daily Inquirer
First Posted 22:43:00 08/27/2010


THE AQUINO administration’s economic managers are not inclined to lower the budget deficit target of P325 billion this year despite a stronger-than-expected output growth in the first semester.

Finance Secretary Cesar V. Purisima said the economic team, which met Friday as the Development Budget Coordination Committee, did not consider any revision to the government’s economic assumptions for the year.

“We are sticking with the P325-billion budget shortfall for 2010, which is 3.9 percent of gross domestic product,” Purisima said.

Economic Planning Secretary Cayetano W. Paderanga Jr. said the GDP growth target range of 5 to 6 percent would also stay.

However, Paderanga said on Thursday that full-year growth “may lean toward the upper end or even higher than that.”

Paderanga said this as the National Statistical Coordination Board reported that GDP growth in the first semester hit 7.9 percent, the highest half-year growth since the 9.3 percent posted in the second semester of 1988.

GDP refers to the total value of products made and services rendered within a country at a given time.

Stronger growth indicates a greater chance for the government to raise revenues—and thus pare down any budget deficit—considering that production and consumption will be higher.

Last week, Purisima reported that the national budget deficit in the seven months to July reached P229.4 billion, higher by 22 percent compared to the P188 billion posted in the year-ago period.

Purisima said overspending in the first seven month already represented 70.6 percent of the projected full-year deficit of P325 billion.

In the seven months to July, revenues reached P695 billion, or 7.9 percent more than the P644.1 billion posted in the same period last year.

The BIR contributed P467.3 billion, up 7.9 percent from year-ago collections of P433.2 billion. The Bureau of Customs chipped in P153 billion, also up 18.6 percent year-on-year from P129 billion.

Seven-month expenditures reached P924.4 billion, increasing by 11.1 percent from P832.1 billion.

7.9% growth is a pleasant surprise. What I hope is for population growth to stop completely at 0%; an equilibrium - where the number of births equals the number of deaths whilst the economy grows at 10% per annum for the next 25 years; now that'll be a winning combination.

On the other hand, vBulletin should at least change the web design of the site. It' still the same old tired format since my interest in skyscrapercity began in 2002.

Philippine GDP growth rates 2001-2009

2000 4.4
2001 3.2
2002 4.6
2003 4.7
2004 6.0 (revised from 6.1)
2005 5.0 (revised from 5.1)
2006 5.4
2007 7.8
2008 3.8 (revised from 4.6)
2009 0.9

GMA average 4.6


source: NEDA (http://www.neda.gov.ph/econreports_dbs.asp)

its unfair for GMA to compare the performance with Pnoy based on GDP growth, as GMA is the Global Financial Crisis president.

It is of course that Pnoy would perform better.

its unfair for GMA to compare the performance with Pnoy based on GDP growth, as GMA is the Global Financial Crisis president.

It is of course that Pnoy would perform better.

Yep. Bean counters do that always. Averaging is not the proper thing to do. Trending perhaps or modeling of the finance system. Been there, done that. And number cranking for the sake of achieving an unrealistic target is meaningless, IMO. Use the power of computers, it's already here, and it helps.

Yep. I hope you are right! Laki nga kita, liit naman mata!

excuse me but do we really have to be racist in our comments here?

hehehe, relax it's just a joke!

tumahimik lahat pati si P. Noy hehehehe. Anyway, I heard in the news that signs for 3rd quarter growth are also strong (industry, services).....

Malaki ang chance ng Aquino administration na ma-sustain ang momentum ng ating ekonomiya...maganda naman ang line-up ng economic team niya eh. lalo na pag na minimize niya ang corruption at mabawasan ang red tape. nakakasa na ang super region ni GMA sana ituloy ito ng Aquino administration.

Malaki ang chance ng Aquino administration na ma-sustain ang momentum ng ating ekonomiya...maganda naman ang line-up ng economic team niya eh. lalo na pag na minimize niya ang corruption at mabawasan ang red tape. nakakasa na ang super region ni GMA sana ituloy ito ng Aquino administration.

Sana nga ma-sustain, problema lang marahil ay napangako nila na walang additional VAT. Yong kay GMA kaya lang nakatagal nang ganoon na continued growth ay dahil sa sagana pa sa epekto nang Vat income merong pang-gastos, pero tipong kapos na ngayon. Mahirap kunin yon sa ibang source, gaya nang smuggling, corruption tatahimik lang ang mga yan. Pwede marahil yong gaya noong kinasuhan nang Tax Evasion, kung mgakaganoon man palagay ko lahat halos nang big shots may kaso.:lol:

Yon lang VAT tollway pahirapan at huwag naman sana kasi parang sa southern Luzon ang kargo nito, patay kami sa amin yata kukunin ang shortfall sa VAT.:nuts:

Palace vows to improve on 7.9% economic growth
By MADEL R. SABATER
August 28, 2010, 9:20pm

Malacañang on Saturday assured the nation that the government will continue to find ways on how to further improve the economy, following the 7.9 percent economic growth in the second quarter of the year, which is said to be the highest in three years.

“Pag-iibayuhin natin ang ating pagsisikap na gawing tuloy-tuloy na yan [We will improve our efforts in ensuring that it will be a continuous economic growth],” Presidential Communications Operations (PCO) Secretary Herminio “Sonny” Coloma said on Saturday over governmentrun radio station DZRB.

Coloma said President Aquino met earlier this week with officials of German multinational firm Deutsche Bank, which has a positive outlook on the Philippine economy, adding that its officials had even been urging other foreign investors to invest in the country.

“Hindi sila nangangamba, bagkus, sila ay panatag at nananalig na uunlad pa, lalakas pa ang ating ekonomiya at handa sila magdagdag ng investments,” said Coloma. [“They don’t see any threat to the Philippine economy. In fact, they are confident and optimistic that our economy will continue to surge and they will be pouring in more investments.”]

President Aquino said he is optimistic on the country’s growing economy despite the effects of the Manila bus hostage crisis on the economy, particularly the tourism industry.

Aquino and Finance Secretary Cesar Purisima met with the multinational bank’s officials, led by Deutsche Bank AG Singapore managing director and Asia Pacific head of the Corporate and Investment Bank Loh Boon Chye last week.

Deutsche Bank AG Manila managing director and Global Markets head Enrico Cruz, Deutsche Knowledge Services CEO Chris Sullivan, Asset Management head Manuel Malabanan, and Asset Management chief investment officer Frederico Ocampo were also in the meeting.

The Deutsche Bank Group in the Philippines employs over 1,700 staff members in the country.

Malacañang, meanwhile, remains optimistic that the 2011 budget will be approved before the end of the year.

Coloma said that the executive branch stands ready to discuss the 2011 budget with Congress to ensure that an acceptable and reasonable 2011 budget is passed before the end of the year.

He said budget hearings may be held starting next month.

its unfair for GMA to compare the performance with Pnoy based on GDP growth, as GMA is the Global Financial Crisis president.

It is of course that Pnoy would perform better.

the law on averages or mean is not the best measure to assess the performance of past presidents. that's a no brainer comparison even if the source is neda.

DENR pushes for revival of local wood industry

By Marianne V. Go
(The Philippine Star)
Updated August 29, 2010 12:00 AM Comments (0) View comments

MANILA, Philippines - Environment and Natural Resources Secretary Ramon Paje is eyeing the revival of the local wood industry.

However, he is urging members of the Philippine Wood Producers Association (PWPA) to do their part in helping the Department of Environment and Natural Resources (DENR) resurrect the industry, particularly urging them to refrain from corrupting the agency’s personnel.

Paje vowed he will run after the bribe-givers as well as the erring DENR employees. “You have to help me if you want me to help the industry. Do not bribe my people. Not only will I run after my people but I will also run after you. This duty must be two-way,” he said.

The DENR chief’s call came amid renewed efforts being undertaken by the Aquino administration to infuse more investment into the forestry sector especially in the establishment of tree plantations in the countryside.

Because it is a renewable resource, Paje said the country’s wood industry can thrive and compete in the local and international arena.

He said he has firm faith in the winning combination of the enterprising Filipino tree farmers and PWPA’s effectiveness in watching its ranks.

“The forestry industry will be revived. It will not be a sunset industry. We will make the industry a winner industry,” Paje said.

He revealed that foreign investors are already lining up, with one possible investor in China Development Bank (CDB).

In a recent meeting, Paje said CDB assistant governor Zhao Jianping said they are seriously looking at investing in forestry and in the pulp and paper sectors as well as in mining projects, bringing in investments of up to $1 billion.

CDB is the most profitable bank in China and is owned by the Chinese government.

Paje said the Philippines would benefit from such investment since the viability of tree plantations and pulp and paper consumption “is directly proportional with population.”

the law on averages or mean is not the best measure to assess the performance of past presidents. that's a no brainer comparison even if the source is neda.

aww, sino ba kasi nag average:D:lol:

7.9% growth is a pleasant surprise. What I hope is for population growth to stop completely at 0%; an equilibrium - where the number of births equals the number of deaths whilst the economy grows at 10% per annum for the next 25 years; now that'll be a winning combination.

On the other hand, vBulletin should at least change the web design of the site. It' still the same old tired format since my interest in skyscrapercity began in 2002.

0% Population growth will do no good for us in the long run, we need at least 1.2% to replace ourselves and not decline in numbers like what's happening to the West. Even Malaysia has problems with their small population.

We won't grow if we lose our healthy and young labor force.

0% Population growth will do no good for us in the long run, we need at least 1.2% to replace ourselves and not decline in numbers like what's happening to the West. Even Malaysia has problems with their small population.

We won't grow if we lose our healthy and young labor force.

Yep, you're right.
You and your wife should raise three kids because I only got two! 5/4 = 1.25, just a bit over the limit spec'ied.

nah, just kidding you!

0% Population growth will do no good for us in the long run, we need at least 1.2% to replace ourselves and not decline in numbers like what's happening to the West. Even Malaysia has problems with their small population.

We won't grow if we lose our healthy and young labor force.

o% is good. you need to lose a little bit of the population. It is overpopulated already. Overpopulation will jeopardize the tourism industry also. Can't even achieve 2.1 so I doubt that 0% is achievable anyway. It's wishful thinking.

Yep, you're right.
You and your wife should raise three kids because I only got two! 5/4 = 1.25, just a bit over the limit spec'ied.

nah, just kidding you!

yeah I got it! we're just trying to add humor....... :)

o% is good. you need to lose a little bit of the population. It is overpopulated already. Overpopulation will jeopardize the tourism industry also. Can't even achieve 2.1 so I doubt that 0% is achievable anyway. It's wishful thinking.

Me either, it's like near impossible to go down to as much as 0% Pop growth. But still, I don't think it's gonna be favorable in the long run. Those healthy workforce are what fuels this economy even tourism itself. They are the ones struggling everyday to survive, they're the ones buying goods from markets and could possibly even invest here. If we can just maintain 100 M people would not pose any problem but going beyond that....... I don't know.....:)

yeah I got it! we're just trying to add humor....... :)



Me either, it's like near impossible to go down to as much as 0% Pop growth. But still, I don't think it's gonna be favorable in the long run. Those healthy workforce are what fuels this economy even tourism itself. They are the ones struggling everyday to survive, they're the ones buying goods from markets and could possibly even invest here. If we can just maintain 100 M people would not pose any problem but going beyond that....... I don't know.....:)

the 'one-child policy' of japan few years back proved to be a major disaster. they are now wondering who will be working to pay for the pension of the retiring population. the outlook of their next generation of workforce is insufficient to drive their economy forward. their government is now encouraging japanese couples to have more children by enticing them with financial incentives and family assistance programs. this is not working either, the new generation of japanese couples are now content with the convenience of having one child or even nothing at all.

all i can say is a reasonable population growth for philippines is ok, definitely not the growth we are having now - it's way too fast, too many.

aww, sino ba kasi nag average:D:lol:

^^:lol:...hanggang dito yun rin ang label sa kanya?...:lol:...confirmed na talaga...:lol:

the 'one-child policy' of japan few years back proved to be a major disaster. they are now wondering who will be working to pay for the pension of the retiring population. the outlook of their next generation of workforce is insufficient to drive their economy forward. their government is now encouraging japanese couples to have more children by enticing them with financial incentives and family assistance programs. this is not working either, the new generation of japanese couples are now content with the convenience of having one child or even nothing at all.

all i can say is a reasonable population growth for philippines is ok, definitely not the growth we are having now - it's way too fast, too many.

I hope Japan would open it's door on foreign migration. I mean not as a worker but an actual resident and would accept citizenship. That would solve their problem and would help filipinos who wish to live in Japan.

I'm still optimistic about it. OA lang mga yan. Babalik at babalik pa rin yan sa Pilipinas dahil laki kita singko singko alaw alaw. :lol:

Im planning to visit HK for the 3rd time next year, unfortunately I have doubts and I have changed my views on HK.. well, anyway, I'll better tour around the country and help our tourism industry rather than going abroad (specifically to my once favorite destination) and be ridiculed. :nuts:

its good to know that our economy grew that much but the next administration must see to it that our countryside will also get a fair share of the growth and infrastructure developments dili lang kay ncr or regional centers lang ang makakuha sa majority of government funds. the people in the far flung areas of the philippines need most of the funding to up their living standards.

I concur!... Hope madevelop din ang iba pang lugar sa kanayunan para mas makamit nito ang nakatago niyang potential... at marami pang idle lands sa kanayunan...:)^^

:)Quote:
Originally Posted by Kintoy http://www.skyscrapercity.com/images/buttons/viewpost.gif (http://www.skyscrapercity.com/showthread.php?p=62675209#post62675209)
Philippine GDP growth rates 2001-2009

2000 4.4
2001 3.2
2002 4.6
2003 4.7
2004 6.0 (revised from 6.1)
2005 5.0 (revised from 5.1)
2006 5.4
2007 7.8
2008 3.8 (revised from 4.6)
2009 0.9

GMA average 4.6


source: NEDA (http://www.neda.gov.ph/econreports_dbs.asp)

[/QUOTE]
Originally posted by Fengrun
its unfair for GMA to compare the performance with Pnoy based on GDP growth, as GMA is the Global Financial Crisis president.

It is of course that Pnoy would perform better. [/QUOTE]


the law on averages or mean is not the best measure to assess the performance of past presidents. that's a no brainer comparison even if the source is neda.

Hi... I was the one who asked for the average but not really to compare that of Arroyo with that of the other presidents...

Natanong ko lang po, kasi lagi ko nalang nababasa sa broadsheet yung mga averages nayan kahit hindi pa lumalabas yung GDP growth rate at hinuhusgahan nila si Arroyo na mababa daw yung 4._+ percent na yun...

Naisip ko rin naman yung naisip ni Fengrun na bakit mo icocompare by averaging samantalang iba ang situation ng mundo per year or per term ng president ( I'm pertaining to external factors, not those that are within the control of the president).... Tulad nlng kay GMA na yung 2009 GDP ay mahahatak yung average niya pababa samantalng Taon yan ng economic crisis....:)...

By the way, thanks to Kintoy for answering my querry which actually is intended not to compare performances of Presidents by GDP averaging but to dispute actually that idea!...

Buti nalang, nacheck at natumbok mo kaagad MatudnilaBaby!....:cheers:
:)

:)
Naisip ko rin naman yung naisip ni Fengrun na bakit mo icocompare by averaging samantalang iba ang situation ng mundo per year or per term ng president ( I'm pertaining to external factors, not those that are within the control of the president).... Tulad nlng kay GMA na yung 2009 GDP ay mahahatak yung average niya pababa samantalng Taon yan ng economic crisis....:)...

By the way, thanks to Kintoy for answering my querry which actually is intended not to compare performances of Presidents by GDP averaging but to dispute actually that idea!...

Buti nalang, nacheck at natumbok mo kaagad MatudnilaBaby!....:cheers:
:)

If I maybe allowed to add:
It's basically not a problem on economic indicators comparison. It was a problem in statistics, IMO.

If you wanted to gauge how administrations compare with each other, GDP is not one of those indicators. GDP is the total performance of the country, including the private sector. GDP could be impacted by the administration's policy but then that impact is nil.
You should have gathered data regarding:

how much that administration spend/allocated for public or social services, irrespective of whether the private sector was engaged by that government or not (government spending)
how much effort has been exerted to achieve balance in the country's finances, balanced budget; (debt servicing, balance of trade, etc)
government efficiencies and effectiveness (control of operational expenses, rethinking of the scope of activities, redirection of resources to achieve better results)
government workforce performance assessments, number of re-trainings/ job enhancement programs to these gov't employees
number of shady deals occurring, number of graft cases resolved (favorable to the government/country)

Those are the things I have seen that could be good indicators for comparing our chief executives' performance. Others may add.
The economic crisis all countries are experiencing definitely require country leaders to be really good: consolidates the fiscal gains, builds capacity of his people to tackle complex problems, and maintaining accountability and transparency at the same time.
With the idea that government will have a big impact on the economy being the biggest spender, taxer, and an employer; its up to the president during his/her watch which item he/she will give more importance to raise our economy! If he keeps everything down, then that economic impact will be lesser; ultimately making the government irrelevant to our country!
Respectfully.

If I maybe allowed to add:
It's basically not a problem on economic indicators comparison. It was a problem in statistics, IMO.

If you wanted to gauge how administrations compare with each other, GDP is not one of those indicators. GDP is the total performance of the country, including the private sector. GDP could be impacted by the administration's policy but then that impact is nil.
You should have gathered data regarding:

how much that administration spend/allocated for public or social services, irrespective of whether the private sector was engaged by that government or not (government spending)
how much effort has been exerted to achieve balance in the country's finances, balanced budget; (debt servicing, balance of trade, etc)
government efficiencies and effectiveness (control of operational expenses, rethinking of the scope of activities, redirection of resources to achieve better results)
government workforce performance assessments, number of re-trainings/ job enhancement programs to these gov't employees
number of shady deals occurring, number of graft cases resolved (favorable to the government/country)

Those are the things I have seen that could be good indicators for comparing our chief executives' performance. Others may add.
The economic crisis all countries are experiencing definitely require country leaders to be really good: consolidates the fiscal gains, builds capacity of his people to tackle complex problems, and maintaining accountability and transparency at the same time.
With the idea that government will have a big impact on the economy being the biggest spender, taxer, and an employer; its up to the president during his/her watch which item he/she will give more importance to raise our economy! If he keeps everything down, then that economic impact will be lesser; ultimately making the government irrelevant to our country!
Respectfully.


Ekonomista ka Parchie? That was a well articulated post.

Ekonomista ka Parchie? That was a well articulated post.

This has been a very sticky question during my MBA class many years ago! You know, it's still on! The Philippines never really changed a lot; still the same unaddressed problems and I don't know why this is still so!

:)Quote:
Originally Posted by Kintoy http://www.skyscrapercity.com/images/buttons/viewpost.gif (http://www.skyscrapercity.com/showthread.php?p=62675209#post62675209)
Philippine GDP growth rates 2001-2009

2000 4.4
2001 3.2
2002 4.6
2003 4.7
2004 6.0 (revised from 6.1)
2005 5.0 (revised from 5.1)
2006 5.4
2007 7.8
2008 3.8 (revised from 4.6)
2009 0.9

GMA average 4.6


source: NEDA (http://www.neda.gov.ph/econreports_dbs.asp)

[QUOTE]Originally posted by Fengrun
its unfair for GMA to compare the performance with Pnoy based on GDP growth, as GMA is the Global Financial Crisis president.

It is of course that Pnoy would perform better. There was no comparison so why worry?

I have just some points, the year 2000 was Erap's time and the first 2 quarters of 2010 is still under GMA's watch.

PNoy is not yet there since he has just started his term.


Hi... I was the one who asked for the average but not really to compare that of Arroyo with that of the other presidents...

Natanong ko lang po, kasi lagi ko nalang nababasa sa broadsheet yung mga averages nayan kahit hindi pa lumalabas yung GDP growth rate at hinuhusgahan nila si Arroyo na mababa daw yung 4._+ percent na yun...

Naisip ko rin naman yung naisip ni Fengrun na bakit mo icocompare by averaging samantalang iba ang situation ng mundo per year or per term ng president ( I'm pertaining to external factors, not those that are within the control of the president).... Tulad nlng kay GMA na yung 2009 GDP ay mahahatak yung average niya pababa samantalng Taon yan ng economic crisis....:)...The statement in bold is actually true. 4% ave. real GDP growth, according to economists, is not enough to eliminate poverty since our population growth rate is 2%. But if this economic performance is compared with other administrations, this would be the highest for 30 years. No wonder and tagal nating yumaman.

This has been a very sticky question during my MBA class many years ago! You know, it's still on! The Philippines never really changed a lot; still the same unaddressed problems and I don't know why this is still so!

Yeah! our case is similar to the Revolving Door, difference is just the who's in or out. Anyway, some good reading realated to the case, people really did'nt change a lot.

http://pcij.org/i-report/edsa20/eggie-apostol.html

If you wanted to gauge how administrations compare with each other, GDP is not one of those indicators. GDP is the total performance of the country, including the private sector. GDP could be impacted by the administration's policy but then that impact is nil.I just have a question, do we really have to ignore GDP as an indicator or we should include it as one of the indicators of development? I just find it weird to remove it altogether since almost if not all of economists use this as one of the most important indicators of economic development.

I think HDI is a better measure than GDP for overall development

I just have a question, do we really have to ignore GDP as an indicator or we should include it as one of the indicators of development? I just find it weird to remove it altogether since almost if not all of economists use this as one of the most important indicators of economic development.

I think HDI is a better measure than GDP for overall development

GDP and HDI are some of the indicators in a basket of indicators used to (artificially) measure socio-economic development (take note socio-economic development).

In Europe, a new indicator called "social exclusion" is now being used.:):)

I think Parchie was trying to point out some ways to assess SPECIFICALLY, our PRESIDENT/ADMINISTRATION's performance. Or better yet, if we want to distill it into areas where it is the efforts of the government itself that led to development. There is not a way to simplify all of these (especially on the macroeconomic level) but he makes a good point because sometimes, the private sector could do well even if our government sucks. And sometimes, the government takes much of the credit hehehe.

:)Quote:

The statement in bold is actually true. 4% ave. real GDP growth, according to economists, is not enough to eliminate poverty since our population growth rate is 2%. But if this economic performance is compared with other administrations, this would be the highest for 30 years. No wonder and tagal nating yumaman.

Yep... I agree, but the point of using this ave. GDP in guaging a president's performance is somewhat questionable... I really can't explain the nitty-gritty just like how Parchie did!...

All I can say is... I CONCUR!:)^^

I think Parchie was trying to point out some ways to assess SPECIFICALLY, our PRESIDENT/ADMINISTRATION's performance. Or better yet, if we want to distill it into areas where it is the efforts of the government itself that led to development. There is not a way to simplify all of these (especially on the macroeconomic level) but he makes a good point because sometimes, the private sector could do well even if our government sucks. And sometimes, the government takes much of the credit hehehe.I agree with what Parchie had said. I was just asking if it is really possible to ignore the GDP numbers since this has been used by economists as one of the most important economic indicators in gauging the progress of the economy or in comparing performances of leaders and countries. I came up with that question because some of the points raised were actually variables of GDP itself (in expenditure method) like government and private consumption, investment, etc.

I agree with what Parchie had said. I was just asking if it is really possible to ignore the GDP numbers since this has been used by economists as one of the most important economic indicators in gauging the progress of the economy or in comparing performances of leaders and countries. I came up with that question because some of the points raised were actually variables of GDP itself (in expenditure method) like government and private consumption, investment, etc.

@ le Reine:
First, let us agree that GDP is a measure/ indicator that tells something about a country's performance. Basically, it means the market value of all the goods and services of a country for a certain period. It is however improper to equate country economic development to the performance of the administration because the factors for production does not depend solely on the government. A country can achieve progress even if the government is a so-so, given the right conditions for progress. If you are sure that it is the government who single-handedly effected the rise in GDP, then that GDP is indicative of the performance of the government (as in totalitarian states). In our country, government sometimes make claims for good things that happen and blame others on misfortunes that may befell on us! So bad!
Second, a variable to an indicator are those that are directly/inversely impacting the value or outcome of the indicator. I cannot follow you when you say "some points raised were variables of GDP in expenditure method". What expenditures are you thinking that could impact the GDP? E.g. does government spending on improvement of RORO ports affect the volume of the products? It may lessen the cost incurred by the businessmen but does not change the outcome/product.
If what you meant is for government to intervene in production by spending money to some sectors, we call that subsidies. Governments around the world found it very hard to be engaged on every economic endeavor of its constituents. There is never enough money to spend. Governments have to sacrifice even the most basic of the public and social services to do those. Our government may end up bankrupt like what happened to Greece or Iceland!
Thirdly, from the principle that says "you can't improve something that cannot be measured", the criteria chosen should be measurable or be represented by numbers. That is why I wrote my list as; amount spent on services. . , number of cases resolved. . number of assessments. . , trainings. . etc.
GDP is a good indicator but since there is inequitable distribution of wealth in countries, it doesn't necessarily mean that peoples' lives are improved by just looking at the GDP! Human development index (HDI) is used by most analysts as a broader indicator of economic progress of countries. Measures for HDI are: 1. life expectancy, 2. literacy, 3. education, and 4. GDP.
Very sorry for the long, boring post!

It's basically not a problem on economic indicators comparison. It was a problem in statistics, IMO.

If you wanted to gauge how administrations compare with each other, GDP is not one of those indicators.
You should have gathered data regarding:

how much that administration spend/allocated for public or social services, irrespective of whether the private sector was engaged by that government or not (government spending)
how much effort has been exerted to achieve balance in the country's finances, balanced budget; (debt servicing, balance of trade, etc)
government efficiencies and effectiveness (control of operational expenses, rethinking of the scope of activities, redirection of resources to achieve better results)
government workforce performance assessments, number of re-trainings/ job enhancement programs to these gov't employees
number of shady deals occurring, number of graft cases resolved (favorable to the government/country)


@ le Reine:
First, let us agree that GDP is a measure/ indicator that tells something about a country's performance. It is however improper to equate country economic development to the performance of the administration because the factors for production does not depend solely on the government. A country can achieve progress even if the government is a so-so, given the right conditions for progress. If you are sure that it is the government who single-handedly effected the rise in GDP, then that GDP is indicative of the performance of the government (as in totalitarian states).

Second, a variable to an indicator are those that are directly/inversely impacting the value or outcome of the indicator. I cannot follow you when you say "some points raised were variables of GDP in expenditure method". What expenditures are you thinking that could impact the GDP? E.g. does government spending on improvement of RORO ports affect the volume of the products? It may lessen the cost incurred by the businessmen but does not change the outcome/product.

If what you meant is for government to intervene in production by spending money to some sectors, we call that subsidies. Governments around the world found it very hard to be engaged on every economic endeavor of its constituents.

Thirdly, from the principle that says "you can't improve something that cannot be measured", the criteria chosen should be measurable or be represented by numbers. That is why I wrote my list as; amount spent on services. . , number of cases resolved. . number of assessments. . , trainings. . etc.I was not disagreeing with your post, I was merely asking.

For example, you said that "If you wanted to gauge how administrations compare with each other, GDP is not one of those indicators." I was asking if we totally remove GDP as an indicator of an administration's performance or find some other indicator that would complement it? I was asking because we are used to seeing economists in news articles for example gauging economic performance using GDP.

My other question was, the points you've mentioned like "how much that administration spend/allocated for public or social services, irrespective of whether the private sector was engaged by that government or not (government spending)" and "how much effort has been exerted to achieve balance in the country's finances, balanced budget; (debt servicing, balance of trade, etc)" would be, in GDP terms, lumped under government spending and net exports, aren't they?

And with your other points, I agree with them.

Don't get me wrong, I was just asking because I may be misunderstanding you. And no, I don't find it boring. It's exciting to talk about these things. :lol:

Im planning to visit HK for the 3rd time next year, unfortunately I have doubts and I have changed my views on HK.. well, anyway, I'll better tour around the country and help our tourism industry rather than going abroad (specifically to my once favorite destination) and be ridiculed. :nuts: yeeey, punta me sa Hongkong Sept 22 to attend da birthday celebration of da pamangkin. :lol: :lol: :lol: :drunk:

If I maybe allowed to add:
It's basically not a problem on economic indicators comparison. It was a problem in statistics, IMO.

hmmm...:):)

If you wanted to gauge how administrations compare with each other, GDP is not one of those indicators. GDP is the total performance of the country, including the private sector. GDP could be impacted by the administration's policy but then that impact is nil.
You should have gathered data regarding:

Agree that GDP includes the private sector.:):)

Policy includes actual involvement in the economy.

Ex.

BSP and its monetary policy
DOT and tourism industry (direct involvement through PTA and LGUs)
BOC, BIR, Pagcor, LTO (among the largest contributor of government revenues..)

But as a measure of the overall performance of an administration, definitely yes. The government since independence I think, has been the major driving force of the economy. An indication is the MTPDP (in recent years Marcos?-present).

But, with all due respect, the idea that the impact of government policy/or the participation of the government may probably nil is inaccurate.

For one thing, this mixed economy of ours exemplify an economy with active government involvement (policies and even in business i.e. GOCCs and GFIs).

Considered perhaps as the largest spender (as a single entity including the national government, government agencies and LGUs), employer and income generating entity in the country.:)


how much that administration spend/allocated for public or social services, irrespective of whether the private sector was engaged by that government or not (government spending)

Agree. :)

how much effort has been exerted to achieve balance in the country's finances, balanced budget; (debt servicing, balance of trade, etc)

Fiscal policy.

Included should be the control and management of the money supply, interest rates and foreign exchange.

government efficiencies and effectiveness (control of operational expenses, rethinking of the scope of activities, redirection of resources to achieve better results)

Public finance, fiscal policy and governance

government workforce performance assessments, number of re-trainings/ job enhancement programs to these gov't employees

public administration and governance (how do you measure this vis-a-vis GDP)?

number of shady deals occurring, number of graft cases resolved (favorable to the government/country)

governance (how do you measure this vis-a-vis GDP)?


Those are the things I have seen that could be good indicators for comparing our chief executives' performance. Others may add.
The economic crisis all countries are experiencing definitely require country leaders to be really good: consolidates the fiscal gains, builds capacity of his people to tackle complex problems, and maintaining accountability and transparency at the same time.

In other words, GDP is a clear and important indicator of the performance of a particular administration.

With the idea that government will have a big impact on the economy being the biggest spender, taxer, and an employer; its up to the president during his/her watch which item he/she will give more importance to raise our economy! If he keeps everything down, then that economic impact will be lesser; ultimately making the government irrelevant to our country!
Respectfully.

Agree with the highlighted. So the impact of the government most likely will not be nil..:cheers:

Respectfully:cheers::cheers:

Allow to respond to your reply..:):)

@ le Reine:
First, let us agree that GDP is a measure/ indicator that tells something about a country's performance. Basically, it means the market value of all the goods and services of a country for a certain period.

Which Includes government investments in public infrastructures like roads, bridges, dams, airports, irrigation and railways. And services like education (salaries and school buildings), services provided by GFIs ( banking services, insurance, investments, pension) and GOCCs (NFA, Subic, Clark, PPA etc)

It is however improper to equate country economic development to the performance of the administration because the factors for production does not depend solely on the government. A country can achieve progress even if the government is a so-so, given the right conditions for progress.


The government is just one part of the equation but the government sets the tone. The idea of "favorable investment climate (good governance i.g. right policies, security/peace and order, production costs, good infrastructure)," "public investments" (Keynesian) and economic stimulus (keynesian) come to our mind. These are significant in making the economy run smoothly and definitely needs humongous investments usually coming from the government.:)

Most Third World countries cannot progress economically because of poor state governance (check M. Todaro). Its the government who largely provide a climate that will make the economy grow. :)

If you are sure that it is the government who single-handedly effected the rise in GDP, then that GDP is indicative of the performance of the government (as in totalitarian states).

Agree with this:)

But GDP can be an indication of a good performance of the government.:)


In our country, government sometimes make claims for good things that happen and blame others on misfortunes that may befell on us! So bad!

Hmm...you are referring to the Arroyo government:lol::lol:

Second, a variable to an indicator are those that are directly/inversely impacting the value or outcome of the indicator. I cannot follow you when you say "some points raised were variables of GDP in expenditure method". What expenditures are you thinking that could impact the GDP?

I agreed that the government is the largest spender, employer and investor in the country. When you spend and invest--thats expenditure. Thus, by expenditure method, the equation is C+I+G+(x-m)+ NFIA=GNI or GNP. C+I+G+(x-m)=GDP.

G means government expenditure.

E.g. does government spending on improvement of RORO ports affect the volume of the products? It may lessen the cost incurred by the businessmen but does not change the outcome/product.

In the law of supply, there is this so-called non-price factors of supply. If you lessen or increase the costs of factors of production (including overhead costs) supply of goods increases or decreases (meaning production of goods increased or was reduced). :)

So, it may affect in terms of the quantity of output produced or the quality of the output and theprice of the output. Supply and even demand side is affected.:)

If what you meant is for government to intervene in production by spending money to some sectors, we call that subsidies.

Agree. But right now, government is more on giving tax incentives.:):)

Governments around the world found it very hard to be engaged on every economic endeavor of its constituents.

True.:)Thats why China is communist politically but capitalist economically. With heavy government subsidy and incentives.

There is never enough money to spend. Governments have to sacrifice even the most basic of the public and social services to do those.

Agree.:)

Our government may end up bankrupt like what happened to Greece or Iceland! If the government will provide a certain amount of public goods and services not commensurate to the revenues earn by the government.


Thirdly, from the principle that says "you can't improve something that cannot be measured", the criteria chosen should be measurable or be represented by numbers. That is why I wrote my list as; amount spent on services. . , number of cases resolved. . number of assessments. . , trainings. . etc.

True. Even policy can be measured (outcome that is):):):)

GDP is a good indicator but since there is inequitable distribution of wealth in countries, it doesn't necessarily mean that peoples' lives are improved by just looking at the GDP!

True. Thats why there is a basket of economic and non-economic indicators now. The MDG is another "new" indicator.


Human development index (HDI) is used by most analysts as a broader indicator of economic progress of countries. Measures for HDI are: 1. life expectancy, 2. literacy, 3. education, and 4. GDP.

socio-economic indicator.:)

Very sorry for the long, boring post!

me too, sorry for the long reply..happy reading!:cheers::cheers::):)

heehe nakikibasa lng and i learned so much from you guys. thanks!

C+I+G+(x-m)+ NFIA=GDP.

G means government expenditure.

what are the other variables stand for?

BOI-listed investments hit P172 billion in 7 months
By Ma. Elisa P. Osorio (The Philippine Star) Updated August 31, 2010 12:00 AM Comments (4) View comments

MANILA, Philippines - Committed investments for the first seven months of the year surged by almost 300 percent as the Board of Investments (BOI) recorded P171.8 billion worth of investments.

The BOI has expressed confidence that an all-time high level of investments worth P400 billion will be recorded this year.

BOI data show that from January to July, committed investments reached P171.8 billion, 297 percent higher than the P43.226 billion worth of investments registered during the same period in 2009.

The number of projects also increased by 14 percent to 99, from only 87 projects during the same period last year. However, projects this year generated less jobs with only 14,715 from 16,343.

For the period Aug. 1 to 24, the BOI accepted 10 more projects with a combined worth of P5 billion. BOI Executive Director Lucita P. Reyes said they expect the August figures to increase further because the current figure does not show approvals given during the last two meetings.

Reyes said they have many investments in the pipeline. In fact, she noted that there are P111.5 billion worth of investments that they have already accepted but have not processed.

Reyes disclosed that at least two companies now located in China have agreed to transfer their operations here in the Philippines. She said that an American manufacturing firm in China said they will be moving here from China after the communist nation decided to impose additional taxes.

“They told us that since they are export oriented firms, it is not viable for them to locate in China anymore because of the additional taxes,” Reyes noted.

A European firm involved in the manufacture and export of food products is also expected to transfer operations here from China, she said.

“Based on the applications, we will be able to hit our target,” Reyes said.

She noted that most of the investments came after the country was able to hold a peaceful and credible election. In fact, June investments was the highest for the first semester with P126 billion from P549 million in June 2009.

“We are optimistic that we will get the P400 billion worth of investments,” Reyes told reporters. “We will reach the 2008 level which was the all time high for investments.” According to her, the P400 billion is combined investments from both the BOI and the Philippine Economic Zone Authority (PEZA).

Saudi-UK partners to visit Philippines

By RODOLFO C. ESTIMO JR. | ARAB NEWS
http://arabnews.com/economy/article120384.ece

Published: Aug 31, 2010 01:14 Updated: Aug 31, 2010 01:14

RIYADH: A Saudi and London-based group partners will travel to the Philippines in October to meet the country's top officials in the agriculture and trade and industry departments, according to Ambassador Antonio P. Villamor. "They will discuss with the two departments the possibility of food production in southern Philippines, with the government providing them the needed land," Villamor said.

Habib F. Faris, member of the board of the Fina Investment Asia Ltd., called on Villamor on Monday and asked how the embassy could help him and his Saudi partner, Mohammed Abunayyan, regarding the project.

Abunayyan is the chairman of the Abunayyan Commerce and Trading Co.

"Consul Romulo Victor M. Israel, Jr and I told Mr. Faris that if they traveled as a delegation from Saudi Arabia, the embassy could facilitate the issuance of their visas. The embassy could also provide them the names of officials and individuals in the public and private sectors whom they should meet in the Philippines. We could also facilitate the arrangement of meetings with the officials concerned," Villamor said.

The envoy also said the food and cereals to be produced would be imported to Saudi Arabia to complement the food production program of the Saudi government for self-sufficiency.

"The Saudi and UK-based partners are aware of the ongoing negotiations between the Saudi government and the Philippines for food production on Mindanao island, where hundreds of thousands of hectares will be utilized for food sufficiency in the Kingdom," Villamor said.

Last year, a big Saudi delegation headed by Saudi Agriculture Minister Fahd bin Abdulrahman bin Sulaiman Balghunaim traveled to the Philippines in view of a royal decree issued by Custodian of the Two Holy Mosques King Abdullah concerning the food security program in the Kingdom.

The delegation, which was composed of eight members from the government and 12 from the private sector, met the agriculture secretary and private sector representatives.

"If and when the Saudi and UK partners' venture starts, it will be good, not only for Saudi Arabia because of increased availability of food but also for the Philippines because of job opportunities. The manpower will be recruited locally. Imagine the number of Filipinos employed to work on, for example, 100,000 hectares of farm land," Villamor said.

He added that the partners also intended to go into mining, leather production export and money remittance, among others.

"All of these ventures — if they materialize as planned — will rely on local manpower. So, it's a win-win situation both for Saudi Arabia and the Philippines," Villamor said.

DENR pushes for revival of local wood industry

By Marianne V. Go
(The Philippine Star)
Updated August 29, 2010 12:00 AM Comments (0) View comments

MANILA, Philippines - Environment and Natural Resources Secretary Ramon Paje is eyeing the revival of the local wood industry.

However, he is urging members of the Philippine Wood Producers Association (PWPA) to do their part in helping the Department of Environment and Natural Resources (DENR) resurrect the industry, particularly urging them to refrain from corrupting the agency’s personnel.

Paje vowed he will run after the bribe-givers as well as the erring DENR employees. “You have to help me if you want me to help the industry. Do not bribe my people. Not only will I run after my people but I will also run after you. This duty must be two-way,” he said.

The DENR chief’s call came amid renewed efforts being undertaken by the Aquino administration to infuse more investment into the forestry sector especially in the establishment of tree plantations in the countryside.

Because it is a renewable resource, Paje said the country’s wood industry can thrive and compete in the local and international arena.

He said he has firm faith in the winning combination of the enterprising Filipino tree farmers and PWPA’s effectiveness in watching its ranks.

“The forestry industry will be revived. It will not be a sunset industry. We will make the industry a winner industry,” Paje said.

He revealed that foreign investors are already lining up, with one possible investor in China Development Bank (CDB).

In a recent meeting, Paje said CDB assistant governor Zhao Jianping said they are seriously looking at investing in forestry and in the pulp and paper sectors as well as in mining projects, bringing in investments of up to $1 billion.

CDB is the most profitable bank in China and is owned by the Chinese government.

Paje said the Philippines would benefit from such investment since the viability of tree plantations and pulp and paper consumption “is directly proportional with population.”

What a weak statement. It needs to be more forceful.

:lol:
mana-mana lang yan:D

heehe nakikibasa lng and i learned so much from you guys. thanks!

C+I+G+(x-m)+ NFIA=GDP.

G means government expenditure.

what are the other variables stand for?

Correction:

C+I+G+ (x-m)=GDP

C+I+G+(x-m)+NFIA= GNI


Sorry for the mistake.

Anyway, C=private consumption; I=private investments; x-m =export-import;

NFIA= stands for net factor income from abroad i.e. remittances:):):)

Allow to respond to your reply..:):)

In the law of supply, there is this so-called non-price factors of supply. If you lessen or increase the costs of factors of production (including overhead costs) supply of goods increases or decreases (meaning production of goods increased or was reduced). :)

So, it may affect in terms of the quantity of output produced or the quality of the output and the price of the output. Supply and even demand side is affected.:)


Lest the lay people get bored with this issue, I would like to rest my case by saying it is not as simple as addition and subtraction, when we deal with the problems and solutions to our country's economic problems!
Yes, the government can inspire the nation with its actions, be it subsidies or good governance, transparency, etc. etc., nobody will argue with that!
I think we need to do our SWOT every now and then, Philippines is not that strong when competing with other countries. By how much the factors already elaborated upon helps our economy remains to be seen. We always do sensitivity analysis with respect to the national factors before, that's how they did it. With globalization and entry of foreign products, we now need to factor-in the global factors. The old picture of the law and supply does not even look linear in actual numbers; lots of substitute goods, more competitors, ever-changing government policies and international restrictions, great technological leaps in other countries; and the Philippines is stuck in political wranglings! God help the Philippines!

The gloom and doom coming closer

Written by John Mangun
Outside the Box
Business Mirror
http://www.businessmirror.com.ph/index.php?option=com_content&view=article&id=675:the-gloom-and-doom-coming-closer&catid=28:opinion&Itemid=64

“It is not the strongest of the species that survive, nor the most intelligent, but the ones most responsive to change.”—Charles Darwin

In the next three to six months, we will witness major financial market and economic events that will severely test the Philippines.

The US economy is sinking faster day by day. After ”pump priming” $2 trillion into that economy earlier this year, the revised second-quarter US economic growth was only 1.6 percent. That is a disaster, and here is why.

Imagine you are expecting to get a raise in your salary. You anticipate that the amount of the raise will allow you to be able to afford the monthly payments on a new car or house. So you buy that house or car, knowing that you can afford it because of your upcoming raise. But when your boss talks to you, you find out that your expected “big” increase in salary is almost nothing.

You cannot afford the monthly amortization but you are now stuck with the monthly debt payment. This is what has happened in the US. The US government borrowed and spent, anticipating that all the spending would fuel the economy and create economic growth to a level that would allow the debt to be paid. It did not happen, and the US is faced with a monthly bill that it cannot pay.

The third-quarter economic-growth numbers will be released in October. When those numbers come out, disaster will follow. The signs are already there. The US housing market is dead. Sales of new and existing homes are at the lowest record in history. The US housing market is a critical economic driver and it has stopped.

There are now six unemployed Americans for each job available, and the trend is getting worse each month. The average unemployed American has been out of work nine months. But if you listen to CNN or read the major US newspapers, there is lots of hope and optimism, and it is also false. Here’s why. The unemployment rate for the average middle-class American is 9 percent. For those earning $150,000 and more, the rate is 3 percent. But for the lower 20 percent of the economy, the unemployment rate is 35 percent. Those numbers should only be applied to a country like the Philippines, not to the largest economy in the world.

In a speech last week, Federal Reserve Chairman Ben S. Bernanke made clear that the only option that the US government has is to borrow (and print) endless amounts of money. However, a major buyer of that government debt is the Federal Reserve itself. And the only way the Federal Reserve can buy that government debt is to print more money. For a personal comparison, this is like taking a cash advance on your Visa card to pay the monthly bill on your Master Card.

To put the US government debt in some kind of perspective, the daily interest rate payable by the US is $34 billion. That is equal to the total value of Philippine exports and overseas Filipino remittances for six months.

The US stock market has been in a minor rally in 2010 holding the belief that the stimulus effort and bailouts would work. This policy has been a failure. The US dollar has been strong in the belief that the US economy would recover, leading global growth once again. The US economy will not be a growth driver for at least another decade, and will never be a growth driver until it changes its debt-based prosperity model.

For several months I have bored you with many gloom-and-doom stories and forecasts about the US economy and the US dollar. However, the two events of the economic numbers released last week and Chairman Bernanke’s speech now change the theory to a close reality. Had the second-quarter US economic numbers been favorable, the future might have been different and more positive. But it did not happen.

Also last week, the price of silver jumped $1 to close over $19 an ounce. If this price holds as a support price, silver will move to at least the mid-$20 range. Based on the current ratio of the gold price to the silver price, that would put gold at over $1,600 an ounce from its current $1,240 level. That is very bad news for the US dollar.

The Philippines must adjust to prosper. If the government tries to keep the peso from appreciating, then it must buy dollars and sell pesos. That means that the Philippine central bank will increase its holdings of a currency, the dollar, that is losing value, and that does not make any sense at all. Further, this will stifle foreign investment that will seek to take advantage of a rising peso and a falling dollar.

The New York Stock Exchange is having trouble staying above 10,000. Technically, a break below 10,000 targets another 20 percent fall to 8,000. A break of 7,000 then forecasts 4,000. These are disaster-making numbers.

A falling dollar and a falling US stock market would see capital flight from the US and the West at an unprecedented level. There are four stock markets that are predicting that a large part of this capital will move into these markets: Indonesia, Bombay, Thailand and the Philippines (and to a lesser extent, Malaysia). What separates these countries from most of the other similar nations is less reliance on the US for economic growth.

Investor and local stockbroker focus must be on local companies and local share prices. Although very difficult, given the normal mindset, the PSE will eventually decouple from the Western markets. In fact, it already has, to the extent that the PSE is shooting for historic highs while New York is trying to avoid multiyear lows.

When one side of the earth is in darkness, the other side is in sunlight. The Philippines will continue to have sunny skies.

-----------------------------------------------------------------------

A good write.......... :)

Lest the lay people get bored with this issue, I would like to rest my case by saying it is not as simple as addition and subtraction, when we deal with the problems and solutions to our country's economic problems!


Of course. It takes more than that..:):)


Yes, the government can inspire the nation with its actions, be it subsidies or good governance, transparency, etc. etc., nobody will argue with that!

macroeconomic planning, fiscal and monetary benefits etc...:):)

I think we need to do our SWOT every now and then, Philippines is not that strong when competing with other countries.

The government is already doing this...:) NEDA etc..:):)

By how much the factors already elaborated upon helps our economy remains to be seen. We always do sensitivity analysis with respect to the national factors before, that's how they did it. With globalization and entry of foreign products, we now need to factor-in the global factors.

The Philippine Institute of Development Studies (PIDS-thinktank of NEDA) has already released a study regarding the impact of globalization to our economy. In fact there are numerous studies already made by PIDS for the government. ( see the site of PIDS)

The old picture of the law and supply does not even look linear in actual numbers; lots of substitute goods, more competitors, ever-changing government policies and international restrictions, great technological leaps in other countries; and the Philippines is stuck in political wranglings! God help the Philippines!


Even without looking at actual numbers you will already see the impact of the law of supply and demand to the production, consumption and distribution of goods.:):)

The variables you have mentioned are already factored in and part of the old picture of the law of supply and demand thats why those variables are not new anymore.:):):)

As political wranglings, as I said, these are some of the reasons why we dont progress economically.

The beauty of development is that its multi-facet...and economics cant do it alone ( analyzing growth)..maybe this new and exciting discipline can show a better picture--called political economy.:):)

The gloom and doom coming closer

Written by John Mangun
Outside the Box
Business Mirror
http://www.businessmirror.com.ph/index.php?option=com_content&view=article&id=675:the-gloom-and-doom-coming-closer&catid=28:opinion&Itemid=64

When one side of the earth is in darkness, the other side is in sunlight. The Philippines will continue to have sunny skies.

-----------------------------------------------------------------------

A good write.......... :)

... sounded more like GLOOM and BOOM.
It depends how one looks at it. But then again I am just an amateur economist!



:horse:

... sounded more like GLOOM and BOOM.
It depends how one looks at it. But then again I am just an amateur economist!
:horse:

It's either "the glass if half empty" or "the glass is half full"!

The gloom and doom coming closer

Written by John Mangun
Outside the Box
Business Mirror
http://www.businessmirror.com.ph/index.php?option=com_content&view=article&id=675:the-gloom-and-doom-coming-closer&catid=28:opinion&Itemid=64

“It is not the strongest of the species that survive, nor the most intelligent, but the ones most responsive to change.”—Charles Darwin

In the next three to six months, we will witness major financial market and economic events that will severely test the Philippines.

The US economy is sinking faster day by day. After ”pump priming” $2 trillion into that economy earlier this year, the revised second-quarter US economic growth was only 1.6 percent. That is a disaster, and here is why.

Imagine you are expecting to get a raise in your salary. You anticipate that the amount of the raise will allow you to be able to afford the monthly payments on a new car or house. So you buy that house or car, knowing that you can afford it because of your upcoming raise. But when your boss talks to you, you find out that your expected “big” increase in salary is almost nothing.

You cannot afford the monthly amortization but you are now stuck with the monthly debt payment. This is what has happened in the US. The US government borrowed and spent, anticipating that all the spending would fuel the economy and create economic growth to a level that would allow the debt to be paid. It did not happen, and the US is faced with a monthly bill that it cannot pay.

The third-quarter economic-growth numbers will be released in October. When those numbers come out, disaster will follow. The signs are already there. The US housing market is dead. Sales of new and existing homes are at the lowest record in history. The US housing market is a critical economic driver and it has stopped.

There are now six unemployed Americans for each job available, and the trend is getting worse each month. The average unemployed American has been out of work nine months. But if you listen to CNN or read the major US newspapers, there is lots of hope and optimism, and it is also false. Here’s why. The unemployment rate for the average middle-class American is 9 percent. For those earning $150,000 and more, the rate is 3 percent. But for the lower 20 percent of the economy, the unemployment rate is 35 percent. Those numbers should only be applied to a country like the Philippines, not to the largest economy in the world.

In a speech last week, Federal Reserve Chairman Ben S. Bernanke made clear that the only option that the US government has is to borrow (and print) endless amounts of money. However, a major buyer of that government debt is the Federal Reserve itself. And the only way the Federal Reserve can buy that government debt is to print more money. For a personal comparison, this is like taking a cash advance on your Visa card to pay the monthly bill on your Master Card.

To put the US government debt in some kind of perspective, the daily interest rate payable by the US is $34 billion. That is equal to the total value of Philippine exports and overseas Filipino remittances for six months.

The US stock market has been in a minor rally in 2010 holding the belief that the stimulus effort and bailouts would work. This policy has been a failure. The US dollar has been strong in the belief that the US economy would recover, leading global growth once again. The US economy will not be a growth driver for at least another decade, and will never be a growth driver until it changes its debt-based prosperity model.

For several months I have bored you with many gloom-and-doom stories and forecasts about the US economy and the US dollar. However, the two events of the economic numbers released last week and Chairman Bernanke’s speech now change the theory to a close reality. Had the second-quarter US economic numbers been favorable, the future might have been different and more positive. But it did not happen.

Also last week, the price of silver jumped $1 to close over $19 an ounce. If this price holds as a support price, silver will move to at least the mid-$20 range. Based on the current ratio of the gold price to the silver price, that would put gold at over $1,600 an ounce from its current $1,240 level. That is very bad news for the US dollar.

The Philippines must adjust to prosper. If the government tries to keep the peso from appreciating, then it must buy dollars and sell pesos. That means that the Philippine central bank will increase its holdings of a currency, the dollar, that is losing value, and that does not make any sense at all. Further, this will stifle foreign investment that will seek to take advantage of a rising peso and a falling dollar.

The New York Stock Exchange is having trouble staying above 10,000. Technically, a break below 10,000 targets another 20 percent fall to 8,000. A break of 7,000 then forecasts 4,000. These are disaster-making numbers.

A falling dollar and a falling US stock market would see capital flight from the US and the West at an unprecedented level. There are four stock markets that are predicting that a large part of this capital will move into these markets: Indonesia, Bombay, Thailand and the Philippines (and to a lesser extent, Malaysia). What separates these countries from most of the other similar nations is less reliance on the US for economic growth.

Investor and local stockbroker focus must be on local companies and local share prices. Although very difficult, given the normal mindset, the PSE will eventually decouple from the Western markets. In fact, it already has, to the extent that the PSE is shooting for historic highs while New York is trying to avoid multiyear lows.

When one side of the earth is in darkness, the other side is in sunlight. The Philippines will continue to have sunny skies.

-----------------------------------------------------------------------

A good write.......... :)

My take, the globalization "program" (also called neoliberal policies)of the US is a failure. Most US corporations (read: MNCS and TNCs and even SMEs) moved out of the country to seek for the cheapest sites for production (mostly in China and Vietnam). The exodus of manufacturing plants in the US resulted to what some experts call as de-industrialization.

Which means thousands or millions of jobs lost because of the trend. With most of the manufacturing jobs abroad and most of the companies that remained in the US mainland turned to outsourcing...jobs in the US became few.

The US actually is suffering from chronic trade deficits (which means more money coming out of the country) and yes joblessness.

With a consumption led economy and with few jobs and income for Americans with poor savings rate, More Americans and the American government will be saddled in debt.

We should fear when the US starts to close its economy by luring back its MNCs and TNCs and erect tariff walls against imports (European steel exports and Chinese toys, milk and tires got a taste of American punitive protective policies.

In our case, its good that P-noy made it a very clear that their economic program is bias towards job and income generation. Which means, they want manufacturing, agriculture/food security and tourism to flourish. So that the out flow of money will be lessen and more jobs and income will be created.:):)

We must strive hard to at least lessen too much dependency on the US for investments. Focus more on generating more jobs as should be the support for more growth on all sectors especially the ill agricultural sector. The US will be facing the worst recession the world has ever seen since the day it began. The "Pump Priming" efforts had less positive effects than the debt it buried the country in. The Philippines should start riding too much hold on the Dollar and allow the currency to appreciate though not to a great extent since there are those who will ride along a rising currency like the Peso. Our economy is already veering away from the grip of being tied up to the U.S economy as seen in the booming PSE as opposed to the losing U.S stocks.

We must strive hard to at least lessen too much dependency on the US for investments. Focus more on generating more jobs as should be the support for more growth on all sectors especially the ill agricultural sector. The US will be facing the worst recession the world has ever seen since the day it began. The "Pump Priming" efforts had less positive effects than the debt it buried the country in. The Philippines should start riding too much hold on the Dollar and allow the currency to appreciate though not to a great extent since there are those who will ride along a rising currency like the Peso. Our economy is already veering away from the grip of being tied up to the U.S economy as seen in the booming PSE as opposed to the losing U.S stocks.

The problem is that almost all of our rich Asian neighbors are neo-mercantilists (protective of their own industries). We are the only country in the booming Asian region I think that widely opened our market for foreign goods.

At times we also should be protective of our own economy as a too open economy will not always affect us positively. But then, our own region SEA is starting to be more open to each others and should be a good time to tap these markets for our exports and not just Europe and America. There are many Asian countries that needs our goods and we should take advantage of that through more FTA's with more countries and lessening dependence on imports to cover up the gaps that cannot be filled in by local corporations.

yun ang ginagawa na ni pgma noon distancing itself from too much u.s. influence kaya binabanatan sya ng kano pailalim.....dahil mas close ang relationship ng china noon at pinas kesa....sa tate... i don't think the present dispensation will be able to stand the american pressure......weak kneed ang ating panggulo.....este pangulo...

India GDP 1st quarter growth 8.8 percent http://www.thehindu.com/business/Economy/article605506.ece

Q2 GDP Growth Rates

Philippines 7.9%

Malaysia 8.9%

Thailand 9.1%

Singapore* 18.1%

Vietnam 6.4%

Indonesia 6.2%

India 8.8%

China 10.3%


*(year earlier quarter (http://online.wsj.com/article/SB10001424052748703618504575459502566075536.html))

India to grow at 8.5-8.75 percent this year http://www.indiainfoline.com/Markets/News/Pranab-Mukherjee-sees-FY11-GDP-growth-at-8.5-8.75-percent/4919496890

Q2 GDP Growth Rates

Philippines 7.9%

Malaysia 8.9%

Thailand 9.1%

Singapore* 18.1%

Vietnam 6.4%

Indonesia 6.2%

India 8.8%

China 10.3%


*(year earlier quarter (http://online.wsj.com/article/SB10001424052748703618504575459502566075536.html))

if we can go as high as 9 percent quarter by quarter till the end of noynoy's term i'll be extremely happy.

Q2 GDP Growth Rates

Philippines 7.9%

Malaysia 8.9%

Thailand 9.1%

Singapore* 18.1%

Vietnam 6.4%

Indonesia 6.2%

India 8.8%

China 10.3%


*(year earlier quarter (http://online.wsj.com/article/SB10001424052748703618504575459502566075536.html))


7.9 is great but looking at our neighbors it seem that we really have a big problem. Hope that the 3rd quarter is a lot better :bash:

7.9 is great but looking at our neighbors it seem that we really have a big problem. Hope that the 3rd quarter is a lot better :bash:

We all have problems here in Asia! Just think of it as a place in the same ocean. If something disturbs the waters in Thailand or any of our neighbors, expect the waters in the Philippines to be disturbed too!

We all have problems here in Asia! Just think of it as a place in the same ocean. If something disturbs the waters in Thailand or any of our neighbors, expect the waters in the Philippines to be disturbed too!

I know that however if they will be hit by storm then we will be hit by a tsunami. What im trying to say is that the best that the government can do? Why our neighbors attain those kind of development why can't the Philippines. Mahirap kasi pag laging kuntento na ah kaya hindi na nagsisikap. :ohno:

I know that however if they will be hit by storm then we will be hit by a tsunami. What im trying to say is that the best that the government can do? Why our neighbors attain those kind of development why can't the Philippines. Mahirap kasi pag laging kuntento na ah kaya hindi na nagsisikap. :ohno:

You just mentioned it! "MAGSISIKAP" tayo! Mahirap i-asa sa gobiyerno ang lahat! Look around, it doesn't look good. But we will persevere; pag nagpabigat yang mga tao na yan, eh di, hilahin natin paitaas! hehehe. Be positive!

7.9 is great but looking at our neighbors it seem that we really have a big problem. Hope that the 3rd quarter is a lot better :bash:


I think that's because a lot of those countries economies shrank in the previous year.

For example, singapore and malaysia's economies had negative growth rates in 2009, so any percentage of growth they get the next year (2010) is going to amplified by quite a bit.

If a country's economy shrinks by 5% one year, then grows by 10% the next, it will have made roughly the same overall progress as a country who grows by 2% for 2 years in a row.


P.S

Also, I just checked and noticed our GNP figure grows by a lot more than the GDP figure. Im not sure how it is for other countries, but for example our GDP grew by 3.7% in 2008 which is modest, but the GNP growth was 6.4%. Even in 2009, the GNP growth was 4% compared to 1.1% GDP growth.

So I suppose that while the country's economy might not be performing great (7.9% is still good), we can at least know Filipinos are becoming more economically well-off.

Q2 GDP Growth Rates

Philippines 7.9%

Malaysia 8.9%

Thailand 9.1%

Singapore* 18.1%

Vietnam 6.4%

Indonesia 6.2%

India 8.8%

China 10.3%


*(year earlier quarter (http://online.wsj.com/article/SB10001424052748703618504575459502566075536.html))

:cheers2:

7.9 is great but looking at our neighbors it seem that we really have a big problem. Hope that the 3rd quarter is a lot better :bash:

no point comparing with one or the other because we did not start with the same footing!

I think that's because a lot of those countries economies shrank in the previous year.

For example, singapore and malaysia's economies had negative growth rates in 2009, so any percentage of growth they get the next year (2010) is going to amplified by quite a bit.

If a country's economy shrinks by 5% one year, then grows by 10% the next, it will have made roughly the same overall progress as a country who grows by 2% for 2 years in a row.


.


Agree.



:horse:

I think that's because a lot of those countries economies shrank in the previous year.

For example, singapore and malaysia's economies had negative growth rates in 2009, so any percentage of growth they get the next year (2010) is going to amplified by quite a bit.

If a country's economy shrinks by 5% one year, then grows by 10% the next, it will have made roughly the same overall progress as a country who grows by 2% for 2 years in a row.


P.S

Also, I just checked and noticed our GNP figure grows by a lot more than the GDP figure. Im not sure how it is for other countries, but for example our GDP grew by 3.7% in 2008 which is modest, but the GNP growth was 6.4%. Even in 2009, the GNP growth was 4% compared to 1.1% GDP growth.

So I suppose that while the country's economy might not be performing great (7.9% is still good), we can at least know Filipinos are becoming more economically well-off.

from Wikipedia:

"Domestic" means the boundary is geographical: we are counting all goods and services produced within the country's borders, regardless of by whom.

"National" means the boundary is defined by citizenship (nationality). We count all goods and services produced by the nationals of the country (or businesses owned by them) regardless of where that production physically takes place.

The output of a French-owned cotton factory in Senegal counts as part of the Domestic figures for Senegal, but the National figures of France.

__

I guess GNP includes items such as San Miguel's income from its breweries in Vietnam for example, and that output is counted in favor of Vietnam if GDP is computed.

from Wikipedia:

"Domestic" means the boundary is geographical: we are counting all goods and services produced within the country's borders, regardless of by whom.

"National" means the boundary is defined by citizenship (nationality). We count all goods and services produced by the nationals of the country (or businesses owned by them) regardless of where that production physically takes place.

The output of a French-owned cotton factory in Senegal counts as part of the Domestic figures for Senegal, but the National figures of France.

__

I guess GNP includes items such as San Miguel's income from its breweries in Vietnam for example, and that output is counted in favor of Vietnam if GDP is computed.


Ya, I know what they mean. I'm just saying that if our GNP is growing at a pretty good rate, then it means Filipinos are getting more well off, even if the country itself is not growing as fast.

:cheers2:



no point comparing with one or the other because we did not start with the same footing!



Agree.



:horse:


Yeah right, most of those countries on the list is far bigger in terms of GDP output with the exemption of Vietnam and yet they still managed to grow faster. Diba dapat tayo yung dapat pa na lumago kasi our economy is not yet that big. Well anyway i just compare it with our neighbors kasi mabilis yung paglago ng economy nila. Im just wondering why they can manage those growth na hindi manlang natin natikman:ohno:

Q2 GDP Growth Rates

Philippines 7.9%

Malaysia 8.9%

Thailand 9.1%

Singapore* 18.1%

Vietnam 6.4%

Indonesia 6.2%

India 8.8%

China 10.3%


*(year earlier quarter (http://online.wsj.com/article/SB10001424052748703618504575459502566075536.html))

can anybody do the average gdp for south east asian countries please? para ma-i compare natin:bash::bash::bash:

Yeah right, most of those countries on the list is far bigger in terms of GDP output with the exemption of Vietnam and yet they still managed to grow faster. Diba dapat tayo yung dapat pa na lumago kasi our economy is not yet that big. Well anyway i just compare it with our neighbors kasi mabilis yung paglago ng economy nila. Im just wondering why they can manage those growth na hindi manlang natin natikman:ohno:

I know how you feel.

I think we have what it takes to achieve a fast growing economy.
But why aren't the investors both local and foreign coming? We have a BAD RAP.

Our reputation precedes us. Many (not all) perceives that doing business in
the Philippines is going to be less profitable/ advantageous for them than
doing it say in Vietnam for an example.

So aside from developing our manpower and infrastructure, we have to improve
our image around the world. We need PR, the best publicists money can buy,
to reverse counter act the negative and paint a better picture of our country and people.
We have to be SEXY again so others will be attracted!!
We need a makeover really badly. IMO


:horse:

Yeah right, most of those countries on the list is far bigger in terms of GDP output with the exemption of Vietnam and yet they still managed to grow faster. Diba dapat tayo yung dapat pa na lumago kasi our economy is not yet that big. Well anyway i just compare it with our neighbors kasi mabilis yung paglago ng economy nila. Im just wondering why they can manage those growth na hindi manlang natin natikman:ohno:

Yes, but that is because with more resources already available, they are able to produce more stuff. If you measure how much they grew by absolute amounts, then of course they will be higher.

But there's a reason why its measured in percentage rather than absolute value. It's about who was able to produce the most per unit of what they started with.

If you are going to use absolute numbers, you might as well applaud America's 1.6% growth since 1.6% of america's gdp is probably far more than 10% of any southeast asian economy.

Also, their growth rates are measured against last year's data where some of those countries economy's shrank. So the numbers for this year will be disproportionately high.

BoI, PEZA report strong investments
In first seven months

By BERNIE CAHILES-MAGKILAT
August 31, 2010, 3:33am
Manila Bulletin

The Philippines investment scene is poised for recovery this year as strong new inflows are expected to match the P464.2 billion record high posted in 2008.

For the January-July period this year, investments generated by the Board of Investments alone soared 297 percent to P171.805 billion versus P143.226 billion in the same period last year.

This is on top of the P111.5 billion combined investments of the 124 projects whose applications are in the various stages of processing with the BoI as of August 24 this year.

In August this year, the BoI approved P4.9 billion.

January-July period this year or 57.54 percent increase versus P43.55 billion in the same period last year. BoI and PEZA account for 90 to 95 percent of the country’s overall investments inflow.

“We will fight and we are optimistic we reach our record high in 2008 at least. We will target to match the 2008 level under this new administration,” said Lucita P. Reyes, BoI Executive Director for project assessment group.

The national (BoI, PEZA, Clark Special Economic Zone and Subic Bay Metropolitan Authority) investments target for 2010 is P345 billion. The country’s record high investment generation was registered in 2008 with P464.2 billion. Investments inflow, however, declined in 2009 to P314 billion following the global financial crisis.

Reyes said the BoI approved investments in the first seven months the year involved 99 projects or 14 percent higher than the 87 projects approved in the same period last year.

These projects are also expected to employ 14,715 workers once they go into full commercial operation. The employment figure, however, is a decline compared to the 16,343 jobs generation of the projects registered in the first seven months of 2009.

BoI, PEZA report strong investments
In first seven months

For the January-July period this year, investments generated by the Board of Investments alone soared 297 percent to P171.805 billion versus P143.226 billion in the same period last year.

This is on top of the P111.5 billion combined investments of the 124 projects whose applications are in the various stages of processing with the BoI as of August 24 this year.

“We will fight and we are optimistic we reach our record high in 2008 at least. We will target to match the 2008 level under this new administration,” said Lucita P. Reyes, BoI Executive Director for project assessment group.



Isn't BoI a regulatory agency? I cannot understand why they say "investments generated by BoI" and then "applications are in the various stages of processing with the BoI" and most of all "We will fight and we are optimistic we reach our record high in 2008"?
Very contradicting statements!
Reminds me of a verbal spanking I got from my English professor during my English class when I wrote "We are now approaching the rainy season!" The reason: "Whether we like it or not, the rainy season comes and we don't have the power to stop the rains from coming" Is Ms. Reyes assuming the role of an "All Powerful Being'? Or is it the journalist Bernie Cahiles-Magkilat doing the report make-over to make it look foolish? Maybe it's a problem offshoot with cutting-classes especially during the English subjects. I get the feeling we really need to make our own list of journalists whom we can learn a lot from!
As far as investment are concerned, these are decisions which the BoI has no direct control. If businessmen are not convinced to invest in the Philippines, they won't come to the Philippines, crystal!

^^^^^^
say what?:lol::lol::):):)

Investments jumped 300% to P171.8b in 7 months

by Julito G. Rada
Manila Standard
Sept.1, 2010

The government approved P171.8 billion worth of committed investments in the first seven months of the year, up nearly 300 percent from P43.226 billion a year ago on improving investor confidence in the country, a source from the Trade Department said over the weekend.

Lucita Reyes, executive director of the Board of Investments, said the agency cleared 99 projects, up 14 percent from 87 projects on year. Employment to be generated from the projects declined 9.9 percent to 14,715 from 16,343 a year ago.

The incentive-giving agency, along with the Philippine Economic Zone Authority, are optimistic of meeting the P345-billion investment goal this year. Reyes said the two agencies contribute 90 percent to 95 percent of total investments approved in the country every year.

Reyes said several projects in the pipeline would enable the two agencies to meet the investment goal.

“As of Aug. 24, we have officially accepted projects which are not yet processed. From Aug. 1 to 24, accepted projects amounted to P4.9 billion,” she said.

Reyes said the bulk of the pending investments were in housing, power under the renewable energy projects and tourism. She said the recent hostage-taking incident in the capital would also not affect the arrivals of tourists in the country.

“In fact, that was an isolated case and it could happen anywhere in the world,” she said.

The BoI, together with Peza, Clark Development Corp. and Subic Bay Metropolitan Authority, booked a record investment of P464 billion in 2008.

Reyes said the agency was optimistic that the new administration would match or top the 2008 level. She said a lot of investors, especially those from China, were looking at the possibility of locating in the Philippines because of low labor cost.

She cited one American company might relocate in the Philippines after China imposed new tax schemes that posed additional burdens. She said the unnamed company distributes products to the United States, Europe and Asia.

The BoI, meanwhile, granted incentives to the P53.07-billion 1,000-megawatt Sual coal-fired power plant of San Miguel Energy Corp.

The BoI, meanwhile, granted incentives to the P53.07-billion 1,000-megawatt Sual coal-fired power plant of San Miguel Energy Corp.

It's actually 1,218 MW Sual Power Station (Hopewell - Southern Energy - Mirant Philippines - Tokyo Electric /Marubeni (TEAM Energy) and now San Miguel Energy Corp.). And that's no new news! Our government has been doing that (incentives) to ensure steady supply of power. Remember when Erap was making a speech in the Manila Hotel and then suddenly there was a total outage? Sual Power detached from the system causing cascading power tripping.

Despite the rather unfortunate turn of events, there's a silver lining:

Great Wall Motor makes rapid strides
08:02, August 31, 2010

Great Wall Motor Co Ltd, China's privately-owned automaker, is expanding its global footprint by setting up five new assembling plants and increasing shipments in the next few years.

The company plans to establish assembly lines in the Philippines, Senegal, Bulgaria, Venezuela and Malaysia with local partners by the end of 2012, Wei Jianjun, chairman of Great Wall, said on Monday.

The five plants will have a capacity of over 100,000 units per year, he said.

Wei told China Daily that Great Wall has clinched initial agreements with local partners in South Africa, Brazil, Thailand and Turkey for manufacturing facilities in the near future.

The company has been one of the early movers in the auto mart and started exports in 1998. Since then it has seen a considerable pick up in export volumes.

During the first six months of the year, the company exported 30,000 units, a 51 percent increase over the same period last year.

"The export volume almost equals the total export numbers for 2009, and gives us confidence of meeting the export target of 60,000 units for this year. That also accounts for 15 percent of our output," said Wei.

He said Great Wall plans to boost export volumes to 540,000 units by 2015. Exports will account for 30 percent of the planned total sales of 1.8 million units by that time, he said.

"Frankly speaking, we achieve higher profit margins in overseas markets than domestic markets," said Wei.

The company said in a regulatory filing that export earnings in the first half rose to 159 million yuan $ 23.47 million) from last year's 453,000 yuan.

Total revenue during the period rose 77 percent to 9.13 billion yuan, while net profit more than doubled to 907 million yuan.

"Other than the recovery of global automobile market, one of the key factors that will drive sales in overseas markets is our stable foothold in most of the developed countries. Four Great Wall vehicles have already got quality certification from European Union," said Wei.

The recognition has also helped Great Wall's sports-utility vehicle (SUV) Hover take the lead in sales in Australia during the first half.

The company surpassed peers like Kia's Sportage and Hyundai's Tucson in the Australian market.

"We plan to sell 9,000 units of our vehicles in Australia this year," said Wei.

Great Wall has sold its pickup trucks, SUVs and sedans to more than 100 countries, and set up assembling plants in Russia, Indonesia, Iran, Vietnam, Egypt and Ukraine.

According to Wei, Chinese automakers need to graduate from low-quality low-price, to good-quality low-price and good value for money vehicles.

"Great Wall is now making the transition and will focus more on quality and reliable products," said Wei.

Source: China Daily

http://english.peopledaily.com.cn/90001/90778/90860/7122857.html

I think the Philippines could learn a lot from these articles:

http://curiouscapitalist.blogs.time.com/2010/08/10/escaping-the-middle-income-trap/
http://curiouscapitalist.blogs.time.com/2010/09/01/escaping-the-middle-income-trap-part-2/

^^ That was a very good article.

i just remembered about the debate here before of which sector of the economy is the most critical to be an industrialized country. I was really stressing that it should be the quaternary sector or the "R&D", as contrast to others saying it should be the Manufacturing alone or/and Services.
The article supported my beliefs.

7.9 is great but looking at our neighbors it seem that we really have a big problem. Hope that the 3rd quarter is a lot better :bash:

I think we have to realize that thailand, malaysia and singapore experienced negative growth last year and that would certainly make the year on year growth rates artificially high since their base of comparison are negative growth figures. That's the reason why Indonesia and Vietnam and to some extent the Philippines looks like laggards in these growth figures. But then again the Philippines really needs to maintain a high growth momentum to catch up with the rest of our neighbors so I hope there would be no let-up on keeping the economy growing fast. God Bless.

higher gdp growth pa allowing 100% foreign ownership of all industries, and reduce population growth to .5% by legalizing abortion. otherwise ang gdp per capita 30 years ago, now, and in the next 30 years will be stagnant.

^^ Radical ideas I must say. Otherwise, let the church get out of the picture and be very adamant about it.

So we should kill babies to lower our population growth.
Maybe we should teach control of libido and responsibility . the only virtues foreigners admire about Filipinos like strong family ties and conservative values , once you remore those our society will really be garbage!
THese tv stations always promoting shows with preteens and their love teams. That's why you see these kids so young having bfs and gfs already, when they should be concentrating on school and end result is so many teen pregnancies. Young people are impressionable and copy what they see on tv. Stupid tv shows perpetuating society problesm . :ohno:

So we should kill babies to lower our population growth.
Maybe we should teach control of libido and responsibility . the only virtues foreigners admire about Filipinos like strong family ties and conservative values , once you remore those our society will really be garbage!
THese tv stations always promoting shows with preteens and their love teams. That's why you see these kids so young having bfs and gfs already, when they should be concentrating on school and end result is so many teen pregnancies. Young people are impressionable and copy what they see on tv. Stupid tv shows perpetuating society problesm . :ohno:

Yeah, you just hit the nail in the head! I cannot find a better phrase than "I agree with you"! The better the mass-media, the better the society!
That's my read on Warren Buffett's quotable quote: "The smarter the journalists are, the better off society is. For to a degree, people read the press to inform themselves-and the better the teacher, the better the student body."

The better the mass-media, the better the society!


-------------------------------------------

3 RP firms in Forbes Asia’s 2010 ‘Best Under A Billion’ list


MANILA, Philippines – Three Philippine companies made it to the “Best Under A Billion” list for 2010 by Forbes Asia, according to an article in the magazine’s September issue.

It listed Lopez Holdings (broadcasting, cable and satellite, and entertainment programming); Pacific Online Systems (develops and manages computer systems for gaming industry); and Philweb (online gambling services to the public) as among the top-performing 200 firms from close to 13,000 publicly listed Asia-Pacific companies with actively traded shares and sales between $5 million and 1 billion.

Lopez Holdings registered $538 million in sales, with a $257 million net income, and $529 million market value; Pacific Online Systems has $21 million in sales; with a $6 million net income, and $432 million market value; Philweb has $18 million in sales, $12 million net income; and $432 million market value, according to Forbes Asia.

Aquino administration: GMA ran economy well

http://sg.yimg.com/i/ph/today/philstar-logo.jpg?x=81&y=27&sig=Q3VVXwHY.FieaB7tRYPrTw--

By Paolo Romero (The Philippine Star) Updated September 02, 2010 12:00 AM

MANILA, Philippines - Economic managers of the Aquino administration admitted yesterday that former president and now Pampanga Rep. Gloria Macapagal-Arroyo did well in managing the economy during her incumbency.

The favorable remarks were made during the first hearing on the proposed P1.64 trillion national budget for 2011 at the House of Representatives where the members of the Development Budget Coordinating Council (DBCC) led by Finance Secretary Cesar Purisima and Bangko Sentral ng Pilipinas Gov. Amando Tetangco Jr. were invited as resource persons by the House committee on appropriations.

House minority leader and Albay Rep. Edcel Lagman said the economic managers during the hearing cited the country’s strong economic fundamentals as evidenced by the 7.9 percent growth in the country’s economy in the first half of the year.

Mrs. Arroyo was present during the budget deliberations.

“There is no lackluster economic performance as they (Aquino administration) have been alleging. Now they are changing their statements. The figures, data and statistics could not be denied,” Lagman said, referring to the various presentations made by Purisima and Tetangco and other economic managers before the panel.

“In other words, the previous administration did not bungle the economy,” he said, adding “we have good economic fundamentals as left by the previous administration and, hopefully this will not be reversed by the present administration.”

Deputy Minority Leader and Quezon Rep. Danilo Suarez said the figures presented by Mr. Aquino’s economic managers showed they inherited a sound economy.

“How PGMA managed the government and the economy, Filipinos will give a positive yes but in terms of popularity, she is not popular,” Suarez told reporters.

Philex Mining Studies Investing in $5.2 Billion Tampakan Copper Project
By Cecilia Yap - Sep 1, 2010 8:15 PM CT
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http://www.bloomberg.com/news/2010-09-02/philex-mining-studies-investing-in-5-2-billion-tampakan-copper-project.html

Philex Mining Corp., controlled by Manuel Pangilinan, is studying an investment into the $5.2 billion Tampakan project in the Philippines two months after a Chinese proposal was pulled.

Philex is “constantly looking at all investment opportunities and projects that it may be able to enter into,” Philex President Jose Ernesto Villaluna said in a regulatory filing. “Tampakan is one such possibility that the company is considering together with other mining projects, not only in the Philippines but also abroad.”

Philex may be interested in buying Indophil Resources NL’s 37.5 percent stake in Tampakan, the largest untapped gold and copper deposit in Southeast Asia, the Philippine Daily Inquirer said August 30. China’s Zijin Mining Group Co. in June canceled a A$545 million ($494 million) purchase of Indophil after failing to win approval from the Chinese government.

Indophil is “engaged in talks with a range of parties in relation to a potential corporate transaction,” Gavan Collery, the corporate affairs manager of the Melbourne-based company, said in a phone interview. He declined to say whether Philex is among the companies it’s in talks with.

Indophil reversed a 2.2 percent decline to trade unchanged at 90 Australian cents at 11:13 a.m. Sydney time. Philex rose 3.1 percent to 11.50 pesos as of 10:04 a.m. in Manila trading, set for its highest close since July 15.

Xstrata Plc is Indophil’s partner in Tampakan. The project was scheduled to produce an average of 340,000 metric tons of copper and 350,000 ounces of gold a year for two decades, Indophil said in April 2009, citing a study by Xstrata.

The project is in South Cotabato, a province in southern Philippines.

Pangilinan is the chairman of Philippine Long Distance Telephone Co., the nation’s biggest company by market value.

Philippines Says Budget Deficit May Narrow Next Year as Growth Accelerates
By Max Estayo and Cecilia Yap - Sep 1, 2010 1:20 AM CT

http://www.bloomberg.com/news/2010-09-01/philippines-says-budget-deficit-may-narrow-next-year-as-growth-accelerates.html

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The Philippines may narrow its budget deficit next year to the smallest since 2008 as economic growth accelerates, Finance Secretary Cesar Purisima said.

The 2011 shortfall may shrink to as little as 226 billion pesos ($5 billion), or 2.5 percent of gross domestic product if the economy expands 7 percent, Purisima told reporters in Manila today. Growth this year may reach or exceed the top-end of the government’s 5 percent-to-6 percent goal, Economic Planning Secretary Cayetano Paderanga said.

The Southeast Asian nation is targeting annual growth of as much as 8 percent starting next year, betting that investments in railways, roads and ports will create jobs and boost trade. The peso may appreciate in the “near term” as the economy expands and remittances sent home by Filipinos overseas buoy spending, central bank Governor Amando Tetangco said today.

“The market is looking beyond this year’s deficit and to a longer-term scenario that the government can deliver on its promise to bring its fiscal house in order,” said Malou Liwag, senior vice president for treasury marketing at Philippine National Bank in Manila. “The targets are credible and achievable,” she said.

The Philippine peso rose 0.5 percent to 45.135 per dollar as of 1:49 p.m. in Manila, climbing by the most in a week. The yield on the 7 percent peso bond due January 2016 fell 2 basis points to 5.46 percent, the lowest level since the notes were first sold last year.

Gross domestic product increased 7.9 percent from a year earlier last quarter, compared with a revised 7.8 percent gain in the three months through March.

The Bureau of Internal Revenue, which accounts for two- thirds of state earnings, may have difficulty meeting its August collection goal and revenue may start recovering in September, Commissioner Kim Henares said. The Bureau of Customs’ August revenue target of 23.5 billion pesos is “a challenge,” Commissioner Angelito Alvarez said.

RP stocks in sharp rise following bullish Wall Street mood
By Doris Dumlao
Philippine Daily Inquirer

http://business.inquirer.net/money/breakingnews/view/20100902-290136/RP-stocks-in-sharp-rise-following-bullish-Wall-Street-mood

First Posted 14:27:00 09/02/2010

Filed Under: business, Stock Activity, Markets & Exchanges
MANILA, Philippines – Local stocks rose sharply on Thursday to hit a new multi-year high, riding on the bullish Wall Street sentiment inspired by upbeat manufacturing data in US and China.

Extending its gains for the third straight day, the main-share Philippine Stock Exchange index surged by 2.03 percent or 72.95 points to 3,666.54.

There were about three gainers for every one decliner at the stock market.

Value turnover was heavy at P6.79 billion.

The financial, mining/oil and holding firm counters led the day's rally, respectively rising by 2.97 percent, 2.92 percent and 2.85 percent.

Sentiment was upbeat as soon as the market opened, allowing the index to break into a new high for the year.

Aquino administration: GMA ran economy well

http://sg.yimg.com/i/ph/today/philstar-logo.jpg?x=81&y=27&sig=Q3VVXwHY.FieaB7tRYPrTw--

By Paolo Romero (The Philippine Star) Updated September 02, 2010 12:00 AM

MANILA, Philippines - Economic managers of the Aquino administration admitted yesterday that former president and now Pampanga Rep. Gloria Macapagal-Arroyo did well in managing the economy during her incumbency.

The favorable remarks were made during the first hearing on the proposed P1.64 trillion national budget for 2011 at the House of Representatives where the members of the Development Budget Coordinating Council (DBCC) led by Finance Secretary Cesar Purisima and Bangko Sentral ng Pilipinas Gov. Amando Tetangco Jr. were invited as resource persons by the House committee on appropriations.

House minority leader and Albay Rep. Edcel Lagman said the economic managers during the hearing cited the country’s strong economic fundamentals as evidenced by the 7.9 percent growth in the country’s economy in the first half of the year.

Mrs. Arroyo was present during the budget deliberations.

“There is no lackluster economic performance as they (Aquino administration) have been alleging. Now they are changing their statements. The figures, data and statistics could not be denied,” Lagman said, referring to the various presentations made by Purisima and Tetangco and other economic managers before the panel.

“In other words, the previous administration did not bungle the economy,” he said, adding “we have good economic fundamentals as left by the previous administration and, hopefully this will not be reversed by the present administration.”

Deputy Minority Leader and Quezon Rep. Danilo Suarez said the figures presented by Mr. Aquino’s economic managers showed they inherited a sound economy.

“How PGMA managed the government and the economy, Filipinos will give a positive yes but in terms of popularity, she is not popular,” Suarez told reporters.

naks:D pero noong nakaupo pa, wala kayong sinabing maganda sa kanya:D pati boobs nga nya pinuna nyo:D

^^ Sina Edcel lagman at Danilo Suarez yata lang ang nagsabi niyan eh... :lol:

hindi naman yung economy ang issue kay arroyo.

dapat lang na OK ang pagpatakbo nya kasi Econ prof cya. yung issue sa kanya ay ang mga scandals, corruption at pagkatuso nya

although not sure kung OK talaga yung 4.6% average GDP growth under sa kanya. parang lugi pa din ang Pinas, considering bilyon-bilyon ang nalustay sa kaban ng bayan tapos 4.6% average growth lang.

^^ Kinaltas na niya yung commission sa pag katuso niya. :lol:







Unahan ko na si Amigo32 --- Good evening!

hindi naman yung economy ang issue kay arroyo.

dapat lang na OK ang pagpatakbo nya kasi Econ prof cya. yung issue sa kanya ay ang mga scandals, corruption at pagkatuso nya

although not sure kung OK talaga yung 4.6% average GDP growth under sa kanya. parang lugi pa din ang Pinas, considering bilyon-bilyon ang nalustay sa kaban ng bayan tapos 4.6% average growth lang.

^^ Kinaltas na niya yung commission sa pag katuso niya. :lol:






Unahan ko na si Amigo32 --- Good evening!

kayo na mismo ang nagsabi na ang ISYU....kay little evil gloria....she was never convicted of anything...pero ang turing sa kanya ay napakasamang tao.....pero si erap na naconvict mismo....ay popular... ang dahilan nyan....ay little evil gloria was trying to build a strong economy....na ngayon ay tinatamasa ng admin ni pnoy....wag nyong sabihin na ang mga economic policies ni pnoy ang dahilan ng magandang economiya ng pinas dahil mula ng umupo ang linsyan na presidente ninyo.....wala pang economic policies na naibigay dahil busy sa pagsalag sa mga kapalpakan ng office nya...from day 1...kung ano man ang economy ng pinas ngayon yan ay dahil sa pinagbuwisan ng popularidad ni little evil gloria.....di bale tae ang tingin sa kanya basta ang katatagan ng bansa ang ma sustina....gets?

si thaksin ng thailand tuso din. pero sa kanya umarangkada ang thailand ng double digit growth.

OA lang talaga ang mga media natin. Sa totoo lang hindi naman talaga nawawala ang corruption. ang mga bansa na sinasabing hindi sila corrupt may news blackout kase sila.

si thaksin ng thailand tuso din. pero sa kanya umarangkada ang thailand ng double digit growth.

OA lang talaga ang mga media natin. Sa totoo lang hindi naman talaga nawawala ang corruption. ang mga bansa na sinasabing hindi sila corrupt may news blackout kase sila.

Please define corruption. Marami akong idea pero gusto kong malaman kung tama ba ang alam ko re corruption. Forget I know something, what makes something or any activity to be included as a "corruption case"? Magka liwanagan nga mga pards?

Please define corruption. Marami akong idea pero gusto kong malaman kung tama ba ang alam ko re corruption. Forget I know something, what makes something or any activity to be included as a "corruption case"? Magka liwanagan nga mga pards?

basta maraming corruption ang nangyayari sa ibang bansa na mayayaman pero hindi na ne news. kahit nga mga krimen at mga gang may news blackout.

ang akala nyo ba heaven at perfect ang mga so called developed countries? hindi. mukha lang silang ok kase ang mga media nila puro positive lang ang nag pu publish.

ginagawa lang talagang excuse ng mga tamad na pilipino ang corruption sa pilipinas para justify ang katamaran nila, tpos sabay mag aabroad :ohno:

basta maraming corruption ang nangyayari sa ibang bansa na mayayaman pero hindi na ne news. kahit nga mga krimen at mga gang may news blackout.

ang akala nyo ba heaven at perfect ang mga so called developed countries? hindi. mukha lang silang ok kase ang mga media nila puro positive lang ang nag pu publish.

ginagawa lang talagang excuse ng mga tamad na pilipino ang corruption sa pilipinas para justify ang katamaran nila, tpos sabay mag aabroad :ohno:

Ganun nga iyon sa kanila, no question about that. Ang hiling ko lang, liwanagin natin itong mga sinasabing "corruption". Ano ba talaga yun kuya? Given a project with PXXXM cost. How can you call this project a "corruption case"? What are the indications we have to see to know there is corruption in the said project? We can start listing things, please?

^ corruption din yung milyon milyong dolyar na bonus ng mga executives ng AIG sa amerika, kahit na nalulugi na ang AIG.. madami nyan kaya nga nagka global financial crisis dahil sa corruption

^ corruption din yung milyon milyong dolyar na bonus ng mga executives ng AIG sa amerika, kahit na nalulugi na ang AIG.. madami nyan kaya nga nagka global financial crisis dahil sa corruption

Okay, we have one -

"When the officers enrich themselves but the firm gets busted."
Please keep it coming guys/gals.

Corruption...when you try to make "suhol" to escape from a crime or greater liability... when you enrich yourself at the expense of another.... when a person accepts a bribe... when person defraud another for his benefit...

super general term ang corruption... even when you mislead a person for your benefit is corruption...

Yung sa anti graft and corrupt practices act, check niyo ung enumeration doon ng graft and corrupt practices... :)

kayo na mismo ang nagsabi na ang ISYU....kay little evil gloria....she was never convicted of anything...pero ang turing sa kanya ay napakasamang tao.....pero si erap na naconvict mismo....ay popular... ang dahilan nyan....ay little evil gloria was trying to build a strong economy....na ngayon ay tinatamasa ng admin ni pnoy....wag nyong sabihin na ang mga economic policies ni pnoy ang dahilan ng magandang economiya ng pinas dahil mula ng umupo ang linsyan na presidente ninyo.....wala pang economic policies na naibigay dahil busy sa pagsalag sa mga kapalpakan ng office nya...from day 1...kung ano man ang economy ng pinas ngayon yan ay dahil sa pinagbuwisan ng popularidad ni little evil gloria.....di bale tae ang tingin sa kanya basta ang katatagan ng bansa ang ma sustina....gets?


I think normal lang na lumago ang ekonomiya kahit saang bansa. Ang tignan natin yung POVERTY INCIDENCE sa Pilipinas, bumaba ba o tumaas sa 10 niya sa Malakanyang? Kayo nalang ang manghusga.

REPUBLIC ACT NO. 3019ANTI-GRAFT AND CORRUPT PRACTICES ACT

Sec. 1. Statement of policy. - It is the policy of the Philippine Government, in line with the principle that a public office is a public trust, to repress certain acts of public officers and private persons alike which constitute graft or corrupt practices or which may lead thereto.

xxxxxxxxx


Sec. 3. Corrupt practices of public officers. - In addition to acts or omissions of public officers already penalized by existing law, the following shall constitute corrupt practices of any public officer and are hereby declared to be unlawful:
(a) Persuading, inducing or influencing another public officer to perform an act constituting a violation of rules and regulations duly promulgated by competent authority or an offense in connection with the official duties of the latter, or allowing himself to be persuaded, induced, or influenced to commit such violation or offense. (b) Directly or indirectly requesting or receiving any gift, present, share, percentage, or benefit, for himself or for any other person, in connection with any contract or transaction between the Government and any other part, wherein the public officer in his official capacity has to intervene under the law.
(c) Directly or indirectly requesting or receiving any gift, present or other pecuniary or material benefit, for himself or for another, from any person for whom the public officer, in any manner or capacity, has secured or obtained, or will secure or obtain, any Government permit or license, in consideration for the help given or to be given, without prejudice to Section thirteen of this Act.
(d) Accepting or having any member of his family accept employment in a private enterprise which has pending official business with him during the pendency thereof or within one year after its termination.
(e) Causing any undue injury to any party, including the Government, or giving any private party any unwarranted benefits, advantage or preference in the discharge of his official administrative or judicial functions through manifest partiality, evident bad faith or gross inexcusable negligence. This provision shall apply to officers and employees of offices or government corporations charged with the grant of licenses or permits or other concessions.
(f) Neglecting or refusing, after due demand or request, without sufficient justification, to act within a reasonable time on any matter pending before him for the purpose of obtaining, directly or indirectly, from any person interested in the matter some pecuniary or material benefit or advantage, or for the purpose of favoring his own interest or giving undue advantage in favor of or discriminating against any other interested party.
(g) Entering, on behalf of the Government, into any contract or transaction manifestly and grossly disadvantageous to the same, whether or not the public officer profited or will profit thereby.
(h) Directly or indirectly having financial or pecuniary interest in any business, contract or transaction in connection with which he intervenes or takes part in his official capacity, or in which he is prohibited by the Constitution or by any law from having any interest.
(i) Directly or indirectly becoming interested, for personal gain, or having a material interest in any transaction or act requiring the approval of a board, panel or group of which he is a member, and which exercises discretion in such approval, even if he votes against the same or does not participate in the action of the board, committee, panel or group. Interest for personal gain shall be presumed against those public officers responsible for the approval of manifestly unlawful, inequitable, or irregular transaction or acts by the board, panel or group to which they belong.
(j) Knowingly approving or granting any license, permit, privilege or benefit in favor of any person not qualified for or not legally entitled to such license, permit, privilege or advantage, or of a mere representative or dummy of one who is not so qualified or entitled.
(k) Divulging valuable information of a confidential character, acquired by his office or by him on account of his official position to unauthorized persons, or releasing such information in advance of its authorized release date.

basta maraming corruption ang nangyayari sa ibang bansa na mayayaman pero hindi na ne news. kahit nga mga krimen at mga gang may news blackout.

ang akala nyo ba heaven at perfect ang mga so called developed countries? hindi. mukha lang silang ok kase ang mga media nila puro positive lang ang nag pu publish.

ginagawa lang talagang excuse ng mga tamad na pilipino ang corruption sa pilipinas para justify ang katamaran nila, tpos sabay mag aabroad :ohno:

Tutoo dahil kahit sa America may nahuhuli din sa corruption or pinaghihinalaang corrupt, kahit si Bush nuon ay may mga article sa internet na nangdaya ng boto sa Texas. Si Congressman Roy Blunt ng Missouri, pinagbibintangan na corrupt.

Marami ngang nagawa si Arroyo pero kahit sa kabila nito, kung talagang corrupt yan at nabubulgar pa, aba e di dapat lang siyang suriin sa korte? Si Pnoy dapat manahimik na lang tungko sa issue na ito at itigil na niya ang style na nangangapanya pa rin siya at magingat mabuti sa pagtanggap ng information ng mga galamay niya na baka mali at may personal agenda.

I think normal lang na lumago ang ekonomiya kahit saang bansa. Ang tignan natin yung POVERTY INCIDENCE sa Pilipinas, bumaba ba o tumaas sa 10 niya sa Malakanyang? Kayo nalang ang manghusga.

Mahirap din mag base sa poverty level ng bansa ang economy lalong lalo na ang dahilan nitong numero uno ay overpopulation. Hindi naman din kaya ni Arroyo na magpakita ng improvement sa buhay ng mga filipino dahil marami din naman problema na namana sa mga previous administration at dahilan na rin sa kakulangan ng mga filipino ng pagiging enterpreneur, dahil ang number one export ng filipinas, manpower and hindi industrial technologies tulad sa mga nakapaligid nating Asian countries.

Department of Trade and Industry targets industries operating like cartels

By Ma. Elisa P. Osorio
(The Philippine Star)
Updated September 03, 2010 12:00 AM Comments (0) View comments

MANILA, Philippines - The Department of Trade and Industry (DTI) said yesterday that they will be going after industries
that have cartel-like operations to bring down the prices of goods and protect consumers.

Trade Secretary Gregory L. Domingo said that they will pursue the anti-trust laws which already reached the third reading during last year’s session of the Senate. Domingo said they have gotten the commitment from Senate President Juan Ponce Enrile that the passage of anti-trust laws is one of the priorities of the Senate.

“This is for the benefit of everybody. This is part of the good governance structure of the government,” Domingo noted.

Some sectors are complaining that there are players of some industries that raise prices as a group.

Earlier, the Federation of Philippine Industries (FPI) branded the distributors of liquefied petroleum gas (LPG) as a cartel.

“The LPGMA (LPG Marketing Association) is a cartel because they set the prices together and they announce any price increases or decreases as a group,” FPI Chairman Jesus L. Arranza told reporters. “This is price fixing because there is a single price for all.”

According to Arranza, whenever there are any price adjustments on the prices of LPG the LPGMA comes out as a group to announce the movement.

“An association announcing the prices is called price fixing because they all agree on the prices. Where is the competition if they agree on the prices,” he asked. “This is a blatant violation because they are obviously a cartel.”

REPUBLIC ACT NO. 3019ANTI-GRAFT AND CORRUPT PRACTICES ACT

Sec. 1. Statement of policy. - It is the policy of the Philippine Government, in line with the principle that a public office is a public trust, to repress certain acts of public officers and private persons alike which constitute graft or corrupt practices or which may lead thereto.

xxxxxxxxx


Sec. 3. Corrupt practices of public officers. - In addition to acts or omissions of public officers already penalized by existing law, the following shall constitute corrupt practices of any public officer and are hereby declared to be unlawful:


(a) Persuading, inducing or influencing another public officer to perform an act constituting a violation of rules and regulations duly promulgated by competent authority or an offense in connection with the official duties of the latter, or allowing himself to be persuaded, induced, or influenced to commit such violation or offense.
(b) Directly or indirectly requesting or receiving any gift, present, share, percentage, or benefit, for himself or for any other person, in connection with any contract or transaction between the Government and any other part, wherein the public officer in his official capacity has to intervene under the law.
(c) Directly or indirectly requesting or receiving any gift, present or other pecuniary or material benefit, for himself or for another, from any person for whom the public officer, in any manner or capacity, has secured or obtained, or will secure or obtain, any Government permit or license, in consideration for the help given or to be given, without prejudice to Section thirteen of this Act.
(d) Accepting or having any member of his family accept employment in a private enterprise which has pending official business with him during the pendency thereof or within one year after its termination.
(e) Causing any undue injury to any party, including the Government, or giving any private party any unwarranted benefits, advantage or preference in the discharge of his official administrative or judicial functions through manifest partiality, evident bad faith or gross inexcusable negligence. This provision shall apply to officers and employees of offices or government corporations charged with the grant of licenses or permits or other concessions.
(f) Neglecting or refusing, after due demand or request, without sufficient justification, to act within a reasonable time on any matter pending before him for the purpose of obtaining, directly or indirectly, from any person interested in the matter some pecuniary or material benefit or advantage, or for the purpose of favoring his own interest or giving undue advantage in favor of or discriminating against any other interested party.
(g) Entering, on behalf of the Government, into any contract or transaction manifestly and grossly disadvantageous to the same, whether or not the public officer profited or will profit thereby.
(h) Directly or indirectly having financial or pecuniary interest in any business, contract or transaction in connection with which he intervenes or takes part in his official capacity, or in which he is prohibited by the Constitution or by any law from having any interest.
(i) Directly or indirectly becoming interested, for personal gain, or having a material interest in any transaction or act requiring the approval of a board, panel or group of which he is a member, and which exercises discretion in such approval, even if he votes against the same or does not participate in the action of the board, committee, panel or group. Interest for personal gain shall be presumed against those public officers responsible for the approval of manifestly unlawful, inequitable, or irregular transaction or acts by the board, panel or group to which they belong.
(j) Knowingly approving or granting any license, permit, privilege or benefit in favor of any person not qualified for or not legally entitled to such license, permit, privilege or advantage, or of a mere representative or dummy of one who is not so qualified or entitled.
(k) Divulging valuable information of a confidential character, acquired by his office or by him on account of his official position to unauthorized persons, or releasing such information in advance of its authorized release date.


Jezzzzzz! Lahat yata ng yumaman at hindi makapagbigay ng quentas claras bakit yumaman habang nakaupo! Yon lang pala yon! Pati iyang mga kompaniya na pinapaboran ng mga officers diyan pwedeng makasuhan! Mamumulubi ang 'pinas kung mahuli silang lahat sa sobrang dami nila! Hindi yata magkasya sa bilibid! 1960 pa pala nagawa ang batas, bakit kulang sa implementation? O di kaya, palamuti lang ang batas na ito?

naks:D pero noong nakaupo pa, wala kayong sinabing maganda sa kanya:D pati boobs nga nya pinuna nyo:D

Yeah, the economy ran well. Now, where are the fruits and the blessings of economy? :lol:

^^ ginastos nila lahat sa starbucks.

kidding aside.. the Philippines escaped recession when almost the entire world plummeted..
that alone is already a blessing...

sobrang dami naman frappe/frappochino at mocca latte niyan pagnagkataon!! :rofl: Caffeine rush ang abot nila, kaya pala parang mga hilo ang mga politician sa filipinas.. he he

Sustainability a concern

GENERAL SANTOS CITY -- The annual national tuna congress, now on its 12th year, kicked off here yesterday with discussions on prospects and sustainability of the industry.

Organizers expect about 300 domestic and foreign stakeholders to attend the two-day congress. A two-year ban on purse seine fishing in western and central Pacific which started last January and which has displaced thousands of workers of local commercial fishers and canneries, is expected to be a key topic. John Heitz, export manager of GenSan Aqua Traders, warned that, "five years from now, there may be only two or three canneries operating here and they may operate at reduced capacity."
|

source (http://www.bworldonline.com/main/content.php?id=17120)

Microfinance pushed

DAVAO CITY -- The Mindanao Microfinance Council has launched a program to upgrade the capacity of its members, which are microlending units, in the fields of risk, financial, information, operations and people management, the council’s executive director, Jeffrey R. Ordonez, said.

source (http://www.bworldonline.com/main/content.php?id=17117)

:lol: Si Mikey Arroyo, huling huli na, naka-alpas pa... magaling talaga ang pamilya. :D

:lol: Si Mikey Arroyo, huling huli na, naka-alpas pa... magaling talaga ang pamilya. :D

Syempre, kasi matalino. Hindi gaya ni....

:lol::lol::lol:

Tutoo dahil kahit sa America may nahuhuli din sa corruption or pinaghihinalaang corrupt, kahit si Bush nuon ay may mga article sa internet na nangdaya ng boto sa Texas. Si Congressman Roy Blunt ng Missouri, pinagbibintangan na corrupt.

Marami ngang nagawa si Arroyo pero kahit sa kabila nito, kung talagang corrupt yan at nabubulgar pa, aba e di dapat lang siyang suriin sa korte? Si Pnoy dapat manahimik na lang tungko sa issue na ito at itigil na niya ang style na nangangapanya pa rin siya at magingat mabuti sa pagtanggap ng information ng mga galamay niya na baka mali at may personal agenda.

Mahirap din mag base sa poverty level ng bansa ang economy lalong lalo na ang dahilan nitong numero uno ay overpopulation. Hindi naman din kaya ni Arroyo na magpakita ng improvement sa buhay ng mga filipino dahil marami din naman problema na namana sa mga previous administration at dahilan na rin sa kakulangan ng mga filipino ng pagiging enterpreneur, dahil ang number one export ng filipinas, manpower and hindi industrial technologies tulad sa mga nakapaligid nating Asian countries.

Tama ka dyan! kahit gaano kataas ang economic growith, pero mas mataas pa rin yng paglobo ng population, eh wla paring mangyayari. Kailangan din natin ng population management. :lol:

Syempre, kasi matalino. Hindi gaya ni....

:lol::lol::lol:

guess?
:D:D:D

guess?
:D:D:D

Sabi nga ni Maurice Arcache, "My lips are sealed...SOMETIMES!"

:lol::lol:

^^Ako na naman ang pinupuntirya nyo? That's rude :D

Philippine Quarterly GDP Growth Rates


2001
Q1 2.9
Q2 3.0
Q3 3.0
Q4 3.9


2002
Q1 3.7
Q2 4.8
Q3 3.7
Q4 5.8

2003
Q1 4.8
Q2 4.2
Q3 4.8
Q4 5.0


2004
Q1 4.2
Q2 5.4
Q3 4.8
Q4 5.3


2005
Q1 4.2
Q2 5.4
Q3 4.8
Q4 5.3


2006
Q1 5.7
Q2 5.8
Q3 5.3
Q4 4.8

2007
Q1 6.9
Q2 8.3
Q3 6.8
Q4 6.3



2008
Q1 3.9
Q2 4.2
Q3 4.6
Q4 2.9


2009
Q1 0.6 (revised from 0.4)
Q2 0.8 (revised from 1.5)
Q3 0.4 (revised from 0.8)
Q4 1.8


2010
Q1 7.8
Q2 7.9
Q3 5.6 (projected)
Q4


source: http://www.neda.gov.ph/econreports_dbs.asp

Robinsons to franchise 'Go Hotels'

GOKONGWEI-LED Robinsons Land Corp. is planning an aggressive expansion of its budget hotel brand Go Hotels for the next five years, officials said on Friday.

To facilitate the opening of 30 new branches, Go Hotels, which targets casual and business travelers, has opened its doors to franchising.

“Due to high demand for excellent accommodations, gohotels.ph is now welcoming offers from parties who are interested to franchise or sell their land," Liz D. Gregorio, general manager, said in a statement on Friday.

On Friday, the property developer formally launched Go Hotels' flagship branch, a 223-room hotel occupying the fifth and sixth floors of the 17-storey prime office condominium Robinsons Cyberplaza at Pioneer Center in Mandaluyong.

“We now have 30 malls, theoretically we know we have 30 locations where we could build in,” said Frederick D. Go, president and chief operating officer of Robinsons Land.

Shares in listed Robinsons Land, whose profits grew by 11% in the first half to P2.59 billion due to mall expansion, closed at P15.00 each on Friday from P14.42 on Thursday. -- Neil Jerome c. Morales
|

source (http://www.bworldonline.com/main/content.php?id=17137)

Yuchengco-led firm hikes net to P554M

YUCHENGCO-led House of Investments, Inc. posted a 16% increase in profits for the first half of the year.

The holding and management company reported a net income of P554.21 million for the six months ending June 30, higher than the P478 million recorded last year, unaudited financial statements showed.

Total comprehensive income reached P523.73 million, sans the net unrealized loss on available-for-sale securities which amounted to P30.49 million, the publicly listed firm said.

The company attributed growth to the 12% increase in tuition revenues of Malayan Colleges, Inc., which had more enrollees this year.

The firm also reported a 20% increase in interest earnings from First Malayan Leasing, whose loan portfolio grew over last year.
|

source (http://www.bworldonline.com/main/content.php?id=17102)

Analysts upgrade forecast GDP growth for RP to 6.7% from 5.8%

Written by Jun Vallecera / Reporter
Thursday, 02 September 2010 12:28

Analysts at Citibank upgraded their forecast growth for the Philippines this year to 6.7 percent in terms of local output or gross domestic product (GDP) after actual growth in the first half accelerated faster than originally expected.

The original forecast was for growth this year to quicken by no more than 5.8 percent but had to make adjustments as actual first-quarter growth of 7.8 percent (itself adjusted from 7.3 percent) accelerated to 7.9 percent in the second quarter.

“With elevated first-half growth of close to 8 percent, we upgraded our GDP growth forecast this year to 6.7 percent from the previous 5.8 percent.

“We continue to assume a moderate downtrend in expenditures and product, such that second-half growth may settle at 5.6 percent,” Citi’s lead economist Jun Trinidad said in the bank’s latest policy note.

He forecast domestic demand to average around 5.3 percent with the net imports-to-GDP rising to 8.4 percent in the second half.

“We’re assuming exports easing to 11.1 percent in the second half compared to 25.2 percent in the first half, as the lackluster global backdrop and sluggish external demand curb export momentum toward end-year.

“Import demand, on the other hand, will support domestic demand and inventory changes, although second-half growth would settle back to 15 percent year-on-year from 24.1 percent in the first-half,” Trinidad said.

Citi’s baseline macro forecast did not assume the investment-led growth in the first half would carry forward in the second half.

“While construction and capital expenditure spending would still pose favorable estimates, we think their respective growth in the second half would be less robust at 10.3 percent and 8.6 percent.

“Investment-project approvals in the first half that grew by a hefty 203 percent would continue to support real-investments growth of 9 percent in the second half and next year’s expected growth of 7.6 percent,” Trinidad said.

The forecasts also do not assume increased private-sector engagement in infrastructure projects envisioned under the government’s medium-term investment plan running from 2009 to 2013.

Trinidad noted some P400.9 billion in infrastructure projects have been identified for private sector funding or participation.

The bulk of these projects is in transportation and water sectors.

“On average, this assumes that roughly P80 billion per year of investment activity can augment the baseline forecasts.

“This annual average- investment amount is roughly 5 percent of our 2011 GDP estimate that can certainly hike overall GDP growth to the 9- percent to 10 percent range.

So infrastructure development under the public-private partnership could provide the upside risk in our forecasts, in case the Aquino administration’s pursuit of governance deals leads to an investment setting that can entice more private capital participation and support the shift to investment-driven growth over the medium term,” Trinidad said.


source (http://www.businessmirror.com.ph/home/economy/815-analysts-upgrade-forecast-gdp-growth-for-rp-to-67-from-58-)

we should be growing faster than Vietnam so that the Vietcongs wont catch us in terms of GDP per capita and GDP aggregate.

Our GDP is about 50% higher than Vietnam's, so if they grow by 8% a year, and us growing 0%, they will pass us in 10 years. if Philippine GDP increase by 6% per year and they will increase by 8%, it will take them more than 30 years to pass us.

^^ however, in per capita terms, they would surpass us earlier. However, the Vietnamese have a long way to go in order to truly surpass us in terms of infrastructure (they don't even have any expressways or mrts) and economic and political freedom.

^^ however, in per capita terms, they would surpass us earlier. However, the Vietnamese have a long way to go in order to truly surpass us in terms of infrastructure (they don't even have any expressways or mrts) and economic and political freedom.

'Wag na 'wag po ninyong ismulin ang mga Viets! They are the most respectful worker I have ever seen! And I admire their dedication to their work. If we don't straighten up our ways, maybe the Viets will surpass us earlier than expected. They have experienced the worst life a human could ever experience; and they learned a lot from it!
Don't you know that Vietnam's arable area (rice paddies) is just about the same as what we have(1.088:1.00)? Yet they produce 35% more than we do! Besides the fact that they are just 90M strong compared to our 100M people, we buy rice from Vietnam! Think about that.

per capita GDP? i dont think so. in 2009, it;s $2900. Philippines per capita is $3500

Tama ka dyan! kahit gaano kataas ang economic growith, pero mas mataas pa rin yng paglobo ng population, eh wla paring mangyayari. Kailangan din natin ng population management. :lol:

yep, too many people for so very little job opportunities inside the country.

The problem with some filipinos IMO is that they would easily give up hope while in the country, stating it is hard to make money in the Philippines and send kids to college at the same time. Somehow it is true but if there are alot of filipinos making it while in the country, I don't see why the rest can follow the same path. Alot of pinoys focus their eyes on those working overseas and thinks its the only way in life. Well, the vietnamese people is just recovering from their war and many of them are not as highly educated as most filipinos but somehow, they are working together and are all providing jobs for themselves. I understand that some of them whose family lives in the US send some money back home (although not as much as pinoys), most of them make use of these money and invest into something. Small scale businesses are a source of job and revenue for the government as well. Foreigners such as the Koreans and the Chinese find their way to the Philippines and starts their own businesses , most of them grow and flourish. How come pinoys can't do the same? Maybe open migration into the Philippines might be an answer to the economy at the same time sweeping up the government and its agencies of corruption.

Jezzzzzz! Lahat yata ng yumaman at hindi makapagbigay ng quentas claras bakit yumaman habang nakaupo! Yon lang pala yon! Pati iyang mga kompaniya na pinapaboran ng mga officers diyan pwedeng makasuhan! Mamumulubi ang 'pinas kung mahuli silang lahat sa sobrang dami nila! Hindi yata magkasya sa bilibid! 1960 pa pala nagawa ang batas, bakit kulang sa implementation? O di kaya, palamuti lang ang batas na ito?


palamuti... ganun na nga...:)^^

Mahirap din mag base sa poverty level ng bansa ang economy lalong lalo na ang dahilan nitong numero uno ay overpopulation. Hindi naman din kaya ni Arroyo na magpakita ng improvement sa buhay ng mga filipino dahil marami din naman problema na namana sa mga previous administration at dahilan na rin sa kakulangan ng mga filipino ng pagiging enterpreneur, dahil ang number one export ng filipinas, manpower and hindi industrial technologies tulad sa mga nakapaligid nating Asian countries.

Ibig lang sabihin hindi niya kayang mamuno sa isang bansa. Sabi nga ni Kintoy she's an economist dapat alam niya lahat ng issues about economy. Imposibleng di niya alam ang issue regarding population. And by the way during GMA term the rich getting richer naman ah so atleast ramdam parin ang kaunlaran during her term.:lol:

Philippines readies $4.5 bln projects for investors

Published: Friday, 3 Sep 2010 | 5:07 AM ET Text Size

http://www.cnbc.com/id/38987643

MANILA, Sept 3 (Reuters) - The Philippines is preparing a menu of at least 10 projects worth up to 200 billion pesos ($4.5 billion) under a private-public partnership (PPP) arrangement that it hopes to market to investors for development next year, the budget secretary said on Friday. Florencio Abad said details of the 10 priority projects, out of an initial list of 70 projects, would be released in October. The projects include extending the existing light rail network in the capital, three airports in the central and southern Philippines, and irrigation projects to boost farm output. "Aside from providing a catalyst to private investment, we also want to be able to conduct feasibility studies and craft unified infrastructure network plans," Abad said in a statement. "We want to ensure that these projects are not one-offs but part of a wider plan for long-term development." The two-month-old government of President Benigno Aquino has said it wants to attract local and foreign investors into PPP projects to fast-track the upgrade of the country's decrepit road and bridge networks and ease the financial burden on the cash-strapped government. Manila is on course to hit a record budget deficit in peso terms this year of 325 billion pesos, or 3.9 percent of GDP. The government has set aside 15 billion pesos in its 2011 spending budget proposal currently pending in Congress to support PPP projects, including right-of-way expenses and land and public facilities development. ($1 = 44.8 pesos)

per capita GDP? i dont think so. in 2009, it;s $2900. Philippines per capita is $3500

Hintayin nyo si Riain :lol:

Yan kasi alam ng ibang pinoy mangmaliit ng mga bagay na hindinila alam at magyabang para pagtakpan ang pagkukulang nila. Ang vietnam exporter na sila ng bigas, frutas seafoods, matitino ang produkto nila. at malalakas ang loob ng mga yan , wala silang colonial mentality. hindi kagaya ng mga pinoy gusto maging kastila, gusto maging instsik. Ang me ari na ng Pilipinas mga Instik, de facto state na ng China ang Pilipinas. nakakalungkot isipin pero totoo.
yung mga bagay na kailangang baguhin 20 years yon bago maipatupad sa Pilipinas , sa ibang bansa pag sinabi , gawa na , tapos.

we should be growing faster than Vietnam so that the Vietcongs wont catch us in terms of GDP per capita and GDP aggregate.

Our GDP is about 50% higher than Vietnam's, so if they grow by 8% a year, and us growing 0%, they will pass us in 10 years. if Philippine GDP increase by 6% per year and they will increase by 8%, it will take them more than 30 years to pass us.

Agree!:cheers:

Key economic indicators show growth slowing

Third quarter leading economic indicators (LEIs) the National Statistical Coordination Board posted on its Web site last Thursday showed that economic growth will likely slow down in the second half, economists said on Friday.

This, amid expectations by the National Economic and Development Authority (NEDA) and the central bank that the better-than-expected 7.9% gross domestic product (GDP) expansion in the first half would prod the economy to grow faster than the official 5%-6% target for the entire year.

Third quarter GDP data is scheduled to be reported on Nov. 25.

LEIs consist of 11 specific indicators that are deemed key to projecting how the entire economy will move.

For the third quarter, nine indicators contributed positively to the composite LEI, down from all 11 last quarter and 10 in the January-March period.

The positive contributors, starting with the largest contributor, were: consumer price index, money supply, merchandise imports, terms of trade index, hotel occupancy rate, stock price index, tourist arrivals, foreign exchange rate and electricity consumption.

The combined share of the positive contributors dropped to 68.3% this quarter from 100% in the second quarter and 97.4% in January-March.

The two negative contributors were number of new businesses and wholesale price index.

Among all the 11 LEIs, number of new businesses, which dropped, had the biggest contribution.

"The expected growth rate for the next two quarters will be slower than the first two quarters because the other sources of growth for the first semester are already gone," said Myrna B. Asuncion, NEDA acting director for policy planning.

It will be recalled that the government had cited election-related spending and the rushing of infrastructure projects ahead of the election ban on such expenditures as among the premier growth drivers in the first half.

"But there is still room for improvement in the third quarter, based on industry production capacity," Ms. Asuncion added.

Her projection for the second half was shared by two economists from different universities.

"Based on the LEI, economic activity will slow down for the third and fourth quarters. It will not be as strong as in the first semester," University of Asia and the Pacific economist Cid L. Terosa said in a phone interview.

"There are fears that major economies, such as the United States, are slowing down; therefore, affecting other economies."

University of the Philippines economist Benjamin E. Diokno noted that "the improvement in the composite LEI [in the third quarter] is less remarkable as in the first two quarters of the year."

"But this is not surprising," Mr. Diokno said via e-mail. "If one takes away the effects of election-related spending, the front-loading of public spending for infrastructure [ahead of the election ban on such expenditures] and higher-than-normal government spending, growth in the first half of the year was not really remarkable."

Still, Ms. Asuncion reiterated the government’s optimism. "So far, the indication is that we are still within the 5%-6% full-year target," she said. "Hopefully, we will reach the higher end."

Ms. Terosa backed the positive prognosis for the entire year. "Full-year growth will probably be at 6%-7%," she said. "The first semester will cushion the slowdown in the second semester." -- M. J. K. R. Contreras


source (http://www.bworldonline.com/main/content.php?id=17155)

Gov’t readying list of up to P200-B public-private projects

The government is preparing a list of at least 10 public-private partnership (PPP) projects that will cost P180 billion-P200 billion, the state budget chief said in a press briefing on Friday.

"Aquino administration economic managers are working double-time to be able to put together a package of at least 10 strategic PPP projects for implementation in 2011," Budget Secretary Florencio B. Abad told reporters.

"These are estimated to cost between P180 billion and P200 billion."

He said the list will be released next month.

Asked what projects can form part of the list, he cited:

* construction of an international airport on Panglao Island to increase visits to resorts in Bohol;

* extension of the Light Rail Transit (LRT) Line 1 to Bacoor, Cavite from its current stretch from the Monumento area in Caloocan City to Baclaran;

* extension of LRT 2 to Antipolo from the current stretch from Claro M. Recto Avenue in Manila to Santolan in Pasig City;

* an irrigation project in Sultan Kudarat; and

* an airport in Cagayan de Oro City.

The government has allocated P15 billion in the proposed P1.645 trillion budget for 2011 as state counterpart funding for PPP projects, consisting of P5 billion each under the Department of Public Works and Highways, the Department of Transportation and Communication and the Department of Agriculture.

Finance Secretary Cesar V. Purisima told reporters on Wednesday the government is also looking at setting up a fund which private investors can tap for the projects. The facility, he said, could have initial seed funding from government financial institutions. Discussions with multilateral institutions for the fund, he said, are ongoing. -- LDD

source (http://www.bworldonline.com/main/content.php?id=17154)

the tricycle and jeep are symbosl of our economy 10 km an hour with matching black smoke for twenty years. Let's see if any leaders can figure this out.

the tricycle and jeep are symbosl of our economy 10 km an hour with matching black smoke for twenty years. Let's see if any leaders can figure this out.

We can do away with tricycle. With jeep? We can probably improve on it given that the streets are narrow instead of using buses.

to have a billion tricycle drivers as an answer to unemployment is worst than the unemployment itself. and they like to drive in the middle of the road you think someone would implement driving regulations and protocols with the million tricycles plying the streets.

Gov’t readying list of up to P200-B public-private projects

The government is preparing a list of at least 10 public-private partnership (PPP) projects that will cost P180 billion-P200 billion, the state budget chief said in a press briefing on Friday.

"Aquino administration economic managers are working double-time to be able to put together a package of at least 10 strategic PPP projects for implementation in 2011," Budget Secretary Florencio B. Abad told reporters.

"These are estimated to cost between P180 billion and P200 billion."

He said the list will be released next month.

Asked what projects can form part of the list, he cited:

* construction of an international airport on Panglao Island to increase visits to resorts in Bohol;

* extension of the Light Rail Transit (LRT) Line 1 to Bacoor, Cavite from its current stretch from the Monumento area in Caloocan City to Baclaran;

* extension of LRT 2 to Antipolo from the current stretch from Claro M. Recto Avenue in Manila to Santolan in Pasig City;

* an irrigation project in Sultan Kudarat; and

* an airport in Cagayan de Oro City.

The government has allocated P15 billion in the proposed P1.645 trillion budget for 2011 as state counterpart funding for PPP projects, consisting of P5 billion each under the Department of Public Works and Highways, the Department of Transportation and Communication and the Department of Agriculture.

Finance Secretary Cesar V. Purisima told reporters on Wednesday the government is also looking at setting up a fund which private investors can tap for the projects. The facility, he said, could have initial seed funding from government financial institutions. Discussions with multilateral institutions for the fund, he said, are ongoing. -- LDD

source (http://www.bworldonline.com/main/content.php?id=17154)



HURRAY FOR LRT 1. i hope this pushes through! Thanks P. Noy! :D

the tricycle and jeep are symbosl of our economy 10 km an hour with matching black smoke for twenty years. Let's see if any leaders can figure this out.

I've been following this since day-one when they made trials for their technology in Isabela. The fact that this much like a homegrown technology using clean fuel and a balance distribution of source worldwide. It is about Natural Gas. Since we can't phase out tricycles, lets make it clean and who knows this technology can even tap ordinary Methane, from waste.

See their demo.

http://www.energtek.com/presentations


US firm pushes gas-run tricycles in RP
By Donnabelle L. Gatdula (The Philippine Star) Updated August 20, 2010 12:00

MANILA, Philippines - US-based Energtek Inc. is planning to invest in the Philippine natural gas industry by pushing the conversion of tricycles into gas-run vehicles.

Department of Energy (DOE) director for planning Jesus Tamang said Energtek has started demonstrating their technology using natural gas from the Isabela onshore gas field.

According to Tamang, Energtek is among those that have applied for accreditation with the DOE to engage in the business of natural gas on vehicles. Aside from Energtek, the other firm that had been accredited is Callandra LNG.

Tamang said the company is now in the process of introducing the gas-run tricycles in the Metro Manila and Batangas areas.

In August 2008, the firm said it had planned to convert half a million tricycle units in the near term. Most of these two-stroke and four-stroke three-wheelers have been running optimally and efficiently on natural gas.

Energtek’s CNG Lite complete energy supply solution for small vehicles is powered by Adsorbed Natural Gas (ANG) technology, which enables hi-tech and cost-effective storage of natural gas, by maximizing the quantities of gas stored in a tank.

ANG greatly reduces the infrastructure, fueling and energy costs of supply solutions to consumers where no pipeline or refueling infrastructure is present. It enables new markets of motor vehicle fleets and large commercial consumers, to benefit from environmentally friendly and affordable natural gas.

The vehicles have been operating since July 2008 on natural gas extracted from the San Antonio stranded gas well. Environmental analysis of the vehicle sample reveals that carbon monoxide (CO) emissions from the tricycles are virtually eliminated following conversion.

Energtek’s conversion of gasoline powered two-stroke tricycles reduces levels of CO from four percent to 0.6 percent, while conversion of gasoline powered four-stroke tricycles reduces CO levels of emissions from 2.5 percent to a virtually non-existent 0.05 percent.

The US firm develops and applies proprietary ANG technology to provide complete pipeless natural gas supply solutions to fleets of small vehicles and industrial consumers. Its natural gas solutions reduce pollution and alleviate consumer energy costs.

The company provides a profitable alternative motor fuel solution for the large market of low-income two- and three-wheel vehicle drivers in Asia . Energtek operates subsidiaries in North America, Europe, Asia and the Middle East.

SOURCE:http://www.philstar.com/Article.aspx?articleId=604247&publicationSubCategoryId=66

I've been following this since day-one when they made trials for their technology in Isabela. The fact that this much like a homegrown technology using clean fuel and a balance distribution of source worldwide. It is about Natural Gas. Since we can't phase out tricycles, lets make it clean and who knows this technology can even tap ordinary Methane, from waste.

See their demo.

http://www.energtek.com/presentations


US firm pushes gas-run tricycles in RP
By Donnabelle L. Gatdula (The Philippine Star) Updated August 20, 2010 12:00

MANILA, Philippines - US-based Energtek Inc. is planning to invest in the Philippine natural gas industry by pushing the conversion of tricycles into gas-run vehicles.

Department of Energy (DOE) director for planning Jesus Tamang said Energtek has started demonstrating their technology using natural gas from the Isabela onshore gas field.

According to Tamang, Energtek is among those that have applied for accreditation with the DOE to engage in the business of natural gas on vehicles. Aside from Energtek, the other firm that had been accredited is Callandra LNG.

Tamang said the company is now in the process of introducing the gas-run tricycles in the Metro Manila and Batangas areas.

In August 2008, the firm said it had planned to convert half a million tricycle units in the near term. Most of these two-stroke and four-stroke three-wheelers have been running optimally and efficiently on natural gas.

Energtek’s CNG Lite complete energy supply solution for small vehicles is powered by Adsorbed Natural Gas (ANG) technology, which enables hi-tech and cost-effective storage of natural gas, by maximizing the quantities of gas stored in a tank.

ANG greatly reduces the infrastructure, fueling and energy costs of supply solutions to consumers where no pipeline or refueling infrastructure is present. It enables new markets of motor vehicle fleets and large commercial consumers, to benefit from environmentally friendly and affordable natural gas.

The vehicles have been operating since July 2008 on natural gas extracted from the San Antonio stranded gas well. Environmental analysis of the vehicle sample reveals that carbon monoxide (CO) emissions from the tricycles are virtually eliminated following conversion.

Energtek’s conversion of gasoline powered two-stroke tricycles reduces levels of CO from four percent to 0.6 percent, while conversion of gasoline powered four-stroke tricycles reduces CO levels of emissions from 2.5 percent to a virtually non-existent 0.05 percent.

The US firm develops and applies proprietary ANG technology to provide complete pipeless natural gas supply solutions to fleets of small vehicles and industrial consumers. Its natural gas solutions reduce pollution and alleviate consumer energy costs.

The company provides a profitable alternative motor fuel solution for the large market of low-income two- and three-wheel vehicle drivers in Asia . Energtek operates subsidiaries in North America, Europe, Asia and the Middle East.

SOURCE:http://www.philstar.com/Article.aspx?articleId=604247&publicationSubCategoryId=66

Magaling! magaling! magaling!:D

@crappypants: so kung de-facto state ng China ang Pilipinas, eh di ang Malaysia, Indonesia, at Vietnam din kasi majority ng business owners dun Chinese. Well let's face the fact that in Chinese people, Business is important, unlike Malay-ethnic culture (including Filipinos, Indonesians, Malaysians), life is more easy going.

Gov’t readying list of up to P200-B public-private projects

The government is preparing a list of at least 10 public-private partnership (PPP) projects that will cost P180 billion-P200 billion, the state budget chief said in a press briefing on Friday.

"Aquino administration economic managers are working double-time to be able to put together a package of at least 10 strategic PPP projects for implementation in 2011," Budget Secretary Florencio B. Abad told reporters.

"These are estimated to cost between P180 billion and P200 billion."

He said the list will be released next month.

Asked what projects can form part of the list, he cited:

* construction of an international airport on Panglao Island to increase visits to resorts in Bohol;

* extension of the Light Rail Transit (LRT) Line 1 to Bacoor, Cavite from its current stretch from the Monumento area in Caloocan City to Baclaran;

* extension of LRT 2 to Antipolo from the current stretch from Claro M. Recto Avenue in Manila to Santolan in Pasig City;

* an irrigation project in Sultan Kudarat; and

* an airport in Cagayan de Oro City.

The government has allocated P15 billion in the proposed P1.645 trillion budget for 2011 as state counterpart funding for PPP projects, consisting of P5 billion each under the Department of Public Works and Highways, the Department of Transportation and Communication and the Department of Agriculture.

Finance Secretary Cesar V. Purisima told reporters on Wednesday the government is also looking at setting up a fund which private investors can tap for the projects. The facility, he said, could have initial seed funding from government financial institutions. Discussions with multilateral institutions for the fund, he said, are ongoing. -- LDD

source (http://www.bworldonline.com/main/content.php?id=17154)

Another airport in CDO? They already have Laguindangan (on-going construction).

to have a billion tricycle drivers as an answer to unemployment is worst than the unemployment itself. and they like to drive in the middle of the road you think someone would implement driving regulations and protocols with the million tricycles plying the streets.

and we just can't remove the tricycles, unless the government can figure out a way to give jobs to these tricycle drivers and operators who will lose their source of income. The Philippines need to adapt the South Korean economic model, which is focused on R & D and manufacture of high-tech goods to the global market, in such a way that we can give factory jobs to these tricycle drivers.

Economic management of Arroyo is recognized :)

The Manila Standard Today
Sept. 4-5, 2010

THE Aquino administration’s economic managers have acknowledged that the Arroyo administration managed the economy well in its nine-year term, an official said Friday.

Finance Secretary Cesar Purisima and Bangko Sentral Governor Amando Tetangco Jr. conceded the good job done by former President Gloria Arroyo during the first hearing on the proposed P1.64-trillion national budget for 2011 by the House of Representatives’ Committee on Appropriations, House Minority Leader Edcel Lagman said.

He said Purisima and Tetangco cited the country’s strong economic fundamentals, the proof of which was the 7.9-percent economic growth in the first six months.

“There is no lackluster economic performance as they [the Aquino administration] have been alleging,” Lagman said following the presentations by Purisima and Tetangco and the Aquino administration’s other economic managers before the committee.

“The figures, data and statistics could not be denied,” Lagman said.

“In other words, the previous administration did not bungle the economy. We have good economic fundamentals which had been left behind by the previous administration and, hopefully, this will not be reversed by the present administration.”

Deputy Minority Leader Danilo Suarez said the figures presented by Mr. Aquino’s economic managers showed they inherited a sound economy.

“How [President Arroyo] managed the government and the economy—Filipinos will give a positive yes,” Suarez said.

and we just can't remove the tricycles, unless the government can figure out a way to give jobs to these tricycle drivers and operators who will lose their source of income. The Philippines need to adapt the South Korean economic model, which is focused on R & D and manufacture of high-tech goods to the global market, in such a way that we can give factory jobs to these tricycle drivers.

Well, if that's do-able, it should be done now!
But I still have reservations considering our present state of affairs! If my memory serves me well, I was made to understand by my professors in college that for a country to successfully achieve industrialization push, the country should have been stable in many sectors! A good program shall be in place to raise each sector simultaneously to achieve fast, coordinated and successful push for industrialization.
The delivery of public capital on roads, schools, waterworks, power plants, dams, airfields, and hospitals, among other infrastructural improvements, etc. - these improvements will help create the conditions that allow a country to break free from its low-income, low-productivity trap and embark on its rapid industrialization as what happened with other developed countries.
I don't want to paint a bad scenario but what I see is that we still have a long way to go in order to achieve our dreams! Any failure on a certain sector means a lot to the other sectors. E.g. you want to get R&D running but you lack good scientists, engineers, statisticians, technicians, etc - because you failed big in our school system, or we can't provide enough electric power, or we can't bring stuff to research labs because the transportation sector is so bad, or most people you needed are sick, or private firms do not have the motivation to do R&D because there is not much demand for those items, etc! My list gets longer the more I think of it!
Respectfully.

Economic management of Arroyo is recognized :)

The Manila Standard Today
Sept. 4-5, 2010

THE Aquino administration’s economic managers have acknowledged that the Arroyo administration managed the economy well in its nine-year term, an official said Friday.

Finance Secretary Cesar Purisima and Bangko Sentral Governor Amando Tetangco Jr. conceded the good job done by former President Gloria Arroyo during the first hearing on the proposed P1.64-trillion national budget for 2011 by the House of Representatives’ Committee on Appropriations, House Minority Leader Edcel Lagman said.

He said Purisima and Tetangco cited the country’s strong economic fundamentals, the proof of which was the 7.9-percent economic growth in the first six months.

“There is no lackluster economic performance as they [the Aquino administration] have been alleging,” Lagman said following the presentations by Purisima and Tetangco and the Aquino administration’s other economic managers before the committee.

“The figures, data and statistics could not be denied,” Lagman said.

“In other words, the previous administration did not bungle the economy. We have good economic fundamentals which had been left behind by the previous administration and, hopefully, this will not be reversed by the present administration.”

Deputy Minority Leader Danilo Suarez said the figures presented by Mr. Aquino’s economic managers showed they inherited a sound economy.

“How [President Arroyo] managed the government and the economy—Filipinos will give a positive yes,” Suarez said.

According to Arroyo lackey Edcel Lagman, Arroyo appointee Tetangco and former Arroyo cabinet man Purisima.:lol::lol:

Very objective indeed.:lol::lol:

^^ But she really did good on the economy..

^^ But she really did good on the economy..

My lips are sealed sir.:cheers::cheers:

Marami pa rin talaga ang nagbubulag-bulagan sa magandang naigawa ni arroyo. :lol:

Beauty is in the eyes of the beholder..:):)

May ilan pala talaga ang nabulag ni Arroyo.:lol::cheers:

World News pa ang kapalpakan ni Pnoy :lol: :nuts:

Maguindanao massacre...thats world news...:lol:

Ah yes, it happened under Arroyo's watch...:nuts::lol:

Siguro mas ok 'to dito... Though I'm sure it's for the Science and Tech thread...

Lawmaker files stem cell research bill
By Paolo Romero (The Philippine Star) Updated September 05, 2010 12:00 AM Comments (1) View comments

MANILA, Philippines - A neophyte lawmaker is pushing for the establishment of a stem cell research and storage center in the country that would conduct clinical trials to promote stem cell treatment, which has become a potential cure for some diseases once considered incurable.

La Union Rep. Eufranio Eriguel, a physician by profession, filed House Bill 1977 establishing the proposed center mandated to conduct stem cell research under established standards of open scientific exchange, peer review and public oversight.

“Stem cell treatments, a type of regenerative medicine, introduce new cells into damaged tissue in order to treat a disease or injury Prometheus-like,” Eriguel said. “It is potentially a cure for a severed spinal cord, diabetes, Parkinson’s, cancer and heart disease.”

He said stem cell therapy is very expensive and only few physicians are licensed to do the procedure, especially in the Philippines.

Eriguel, however, admitted that the full potentials of stem cell research remain unknown.

The measure also seeks to promote research and human clinical trials using stem cells ethically obtained and show evidence of benefits for human patients, according to the author.

He said the creation of the center would help make the country a haven for open scientific inquiry and technological innovation.

“It will even promote investment and generate jobs,” he said, citing the experience of California in the United States where the biomedical industry provides employment to 225,000 people and pays $12.8 billion in wages and salaries.

“In the last two years, an increasing number of foreigners came in solely for stem cell therapy that some hospitals offer at a cheaper cost than when done outside the country,” Eriguel said.

HB 1977 places the proposed center under the direct supervision of the Department of Health secretary, who is required to report to Congress the research proposals reviewed and the description of the extent of stem cell research conducted.

http://www.philstar.com/Article.aspx?articleId=609229&publicationSubCategoryId=63

Marami pa rin talaga ang nagbubulag-bulagan sa magandang naigawa ni arroyo. :lol:

Tange, sinilaw lang kayo ni Arroyo... ugaling pinoy, masulsulan duon papanig...materialistic... hindi ninyo alam, ninanakawan kayo ng harap harapan, sabay pa rin ang papuri ninyo.... hindi ako favor kay Aquino pero katawa tawa ang mga pinagsasabi ng ibang die hard Arroyo. Yuong "hello garci" case, sensationalized din yan sa buong mundo wasak na wasak ang pangalan ng filipinas... sinabayan ka ng "world's dangerous country for journalist" Under Arroyo's watch.... Research mo sa world CNN headline news ng mga nakaraang balita nila.. Ang masakit nito, kung sino ang nakaupo sa puesto diyan sa filipinas, pilit dina-down ng KAPWA FILIPINO na tulad ninyo!!! KAYO, KAYO ANG DAPAT SISIHIN NG BUONG MUNDO DAHIL MAGUGULO KAYO!! DUWAG SA BANYAGA PERO PAGDATING SA KAPWA FILIPINO, GILAGID SA GILAGID ANG LABAN, SIRAAN, PINTASAN AT KUNG ANO ANO PANG MASASAMANG GAWAIN . Tignan mo?? Kailan mo huling nakita ang filipinas nasa World News na ginagawang modelong bansa?????? aber?????!!! BILANGIN MO ANG NASA NEWS NA PURO KAWALANGYAAN ANG GINAGSAWA.. SIMULA SA MGA IT STUDENTS NA NAG HACK SA INTERNET, sA Ampatuan case, hanggang sa Mendoza /HK tourists hostage case... Lahat ito NATIONAL EMBRASSMENT SA BUONG MUNDO... o baka naman hilig lang talaga ninyong manira kung sino ang nakaupo sa puesto. Hindi ba ganitong ganito rin sa panahon ni Erap, Arroyo at ngayon si Aquino naman, si Cory Aquino man may pintas, kailang lang pinuri? Nuong PATAY NA!

Sorry lang sa mga filipinong level minded, hindi ko nilalahat... pero alam ko tutuo ang sinabi ko na maraming filipino ang magugulo kaya hindi tayo magkasundo sundo.

^ agree. Mas magulo pa nga ibang bansa sa atin e. Ang spain, trillion dollars na ang utang, naka blacklist na. Pero ang mga pinoy marinig lang ang pangalang 'spain jobs' aba e kakandarapa na yan. At matamis sa pandinig nila. Ganun din pag binanggit mo ang Greece. Euro agad ang nasa isip.

Likas na mayayabang lang talaga ang mga Pinoy, lalo na yung mga nakatuntong sa ibang bansa. Hindi naman natin alam na mas hirap pa pala ang buhay nila dun at kayod kabayo sila sa laki ng gastusin. Dahil pag di sila kumayod na parang kabayo e sa kalsada sila matutulog.

Kaya nasisira din ang Pilipinas sa ibang bansa, kase ang akala ng mga dayuhan e ganun na talaga kahirap ang pilipinas. Di nila alam na yung mga nag iibang bansa yan yung mga sakit ulo ng pilipinas, at walang achievement sa pilipinas. :ohno:

Agree ako sa sinabi mo pero mabigat yata masyado ang binanggit mo na "baka mahirap lang sa filipinas" I mean may pagkatutuo pa rin pero hindi yaan ang rason kung bakit unstable ang filpinas. Medyo foul pakinggan at exageration ng katutuhanan. Ang binabanggit ko ay yuong mga filipino na kahit mayaman, gawaan din ang pamimintas... yaan ang problema sa ating mga filipino, laging negative ang nakikita natin sa kapwa filipino, hindi pa man masyadong kilala, may judgement na kaagad nakapatong. Tulad ni Aquino, dalawang buwan pa lang nanungkulan grabe ang sisi sa kanya ang lahat. Hindi man lang maka intay ng 6 yo 8 mos bago mag bitaw ng suri sa observation nila. Intaying muna na atleast one month, saka natin sabakan kung talagang maraming mali si Aquino. UNless sinasabotahe niya ang ekonomiya, dapat intayin na lang ang one term niya at huwag nang palamapasin pa... Para smooth ang transition. Mga people power na yan, hindi na naman talaga nakakatulong, nagpapabagal pa lalo ng economia..

^ agree. Mas magulo pa nga ibang bansa sa atin e. Ang spain, trillion dollars na ang utang, naka blacklist na. Pero ang mga pinoy marinig lang ang pangalang 'spain jobs' aba e kakandarapa na yan. At matamis sa pandinig nila. Ganun din pag binanggit mo ang Greece. Euro agad ang nasa isip.

Likas na mayayabang lang talaga ang mga Pinoy, lalo na yung mga nakatuntong sa ibang bansa. Hindi naman natin alam na mas hirap pa pala ang buhay nila dun at kayod kabayo sila sa laki ng gastusin. Dahil pag di sila kumayod na parang kabayo e sa kalsada sila matutulog.

Kaya nasisira din ang Pilipinas sa ibang bansa, kase ang akala ng mga dayuhan e ganun na talaga kahirap ang pilipinas. Di nila alam na yung mga nag iibang bansa yan yung mga sakit ulo ng pilipinas, at walang achievement sa pilipinas. :ohno:

Spain, having trillion dollar debts? Hmm... Currently reading...

Tange, sinilaw lang kayo ni Arroyo... ugaling pinoy, masulsulan duon papanig...materialistic... hindi ninyo alam, ninanakawan kayo ng harap harapan, sabay pa rin ang papuri ninyo.... hindi ako favor kay Aquino pero katawa tawa ang mga pinagsasabi ng ibang die hard Arroyo. Yuong "hello garci" case, sensationalized din yan sa buong mundo wasak na wasak ang pangalan ng filipinas... sinabayan ka ng "world's dangerous country for journalist" Under Arroyo's watch.... Research mo sa world CNN headline news ng mga nakaraang balita nila.. Ang masakit nito, kung sino ang nakaupo sa puesto diyan sa filipinas, pilit dina-down ng KAPWA FILIPINO na tulad ninyo!!! KAYO, KAYO ANG DAPAT SISIHIN NG BUONG MUNDO DAHIL MAGUGULO KAYO!! DUWAG SA BANYAGA PERO PAGDATING SA KAPWA FILIPINO, GILAGID SA GILAGID ANG LABAN, SIRAAN, PINTASAN AT KUNG ANO ANO PANG MASASAMANG GAWAIN . Tignan mo?? Kailan mo huling nakita ang filipinas nasa World News na ginagawang modelong bansa?????? aber?????!!! BILANGIN MO ANG NASA NEWS NA PURO KAWALANGYAAN ANG GINAGSAWA.. SIMULA SA MGA IT STUDENTS NA NAG HACK SA INTERNET, sA Ampatuan case, hanggang sa Mendoza /HK tourists hostage case... Lahat ito NATIONAL EMBRASSMENT SA BUONG MUNDO... o baka naman hilig lang talaga ninyong manira kung sino ang nakaupo sa puesto. Hindi ba ganitong ganito rin sa panahon ni Erap, Arroyo at ngayon si Aquino naman, si Cory Aquino man may pintas, kailang lang pinuri? Nuong PATAY NA!

Sorry lang sa mga filipinong level minded, hindi ko nilalahat... pero alam ko tutuo ang sinabi ko na maraming filipino ang magugulo kaya hindi tayo magkasundo sundo.



Maraming die hard arroyo fans dito dahil sa mga infra projects niya na puro sa pampanga naman:bash:

Nagulo na naman ang thread na ito. Nakakainis. Puro naman walang kuwenta ang comments. Geezzz. :ohno:

Hindi ito politics thread so shut the f*ck up.

World News pa ang kapalpakan ni Pnoy :lol: :nuts:

What about NBN ZTE Scandal?

To divert the topic, I'll just post this again.

RP stock market rallies; index up 1.86%

By Doris Dumlao
Philippine Daily Inquirer
First Posted 13:35:00 09/03/2010

Filed Under: business, Stock Activity, Markets & Exchanges

MANILA, Philippines – Local stocks rallied further on Friday as upbeat global markets boosted investors' risk appetite, pushing the index to a new multi-year high.

The main-share Philippine Stock Exchange index surged by 1.86 percent or 68.2 points to close at 3,734.70. Value turnover was heavy at P7 billion.

continue reading here: http://business.inquirer.net/money/breakingnews/view/20100903-290318/RP-stock-market-rallies-index-up-186

Thank you!!

Nagulo na naman ang thread na ito. Nakakainis. Puro naman walang kuwenta ang comments. Geezzz. :ohno:

Hindi ito politics thread so shut the f*ck up.

Ewan ko ba talaga! Nakakainis na lang din talaga, turuan ng turuan, sisihan ng sisihan na walang katapos tapos. Maaring ako rin ang sinasabihan mo na magtigil pero masisisi mo ba ako, alam ko pare ho lang tayo na nasa gitna, hindi pumapanig kay arroyo o kay aquino.

Spain, having trillion dollar debts? Hmm... Currently reading...

the philippine economy is doing much better than its colonizer Spain. Kaya nga nakakatawa na lang na ang mga pinoy mas pipiliin pa nyan magtrabaho sa Spain kesa sa Pilipinas.
:lol:

Blacklisted na ang spain mga investors. And when you don't have investors, you won't create jobs. tsk,tsk.
:ohno:

^^ What? Blacklisted sino, saan?

I think Gibraltar is what he is saying. Not the whole spain.... Fengun misinterpreted it, it's actually Spain who blacklisted Gibraltar as tax haven...

Gibraltar is a British overseas territory which is being claimed by spain for centuries.

here is the article for that but this is not under Philippine economy so it may be rendered as an OT.

http://www.realinstitutoelcano.org/materiales/insidespain/Chislett041408Newsletter.pdf

Ewan ko ba talaga! Nakakainis na lang din talaga, turuan ng turuan, sisihan ng sisihan na walang katapos tapos. Maaring ako rin ang sinasabihan mo na magtigil pero masisisi mo ba ako, alam ko pare ho lang tayo na nasa gitna, hindi pumapanig kay arroyo o kay aquino.

jusko, basahin mo muna ung post mo...;):ohno: