Tarlac is in the Philippines but it is definitely not the microcosm of how the country is right now! If the student traveled to a lot of the cities in the Philippines and then made a conclusion that it is the case, "lots of people are making volume purchases of goods at our malls", then we won't need to argue anymore, IMO.


parchie, not for anything else pero please try to backread .

I did not equate Tarlac as an indicator of the economy alone. Humahaba lang tayo.

Just try to backread sir... start from page 43, post number 844

i was referring to the pipol traffic inside the mall not the road traffic fronting sm tarlac...:lol:


You have done the same thing with several forumers here, you wont have me, my life is so full and so promising :)

Papasa ka ng TROLL sir eh, :lol: :lol: :lol:

I wont argue with you and this might be the last :lol:

Judging from all of your posts here... I wont ilicit anything sensible from you. :ohno: :ohno: :ohno:

Isang gabi lang yan ni bansot sa Le Cirque. :nuts::lol:

Hello everyone!:nuts:... Its not about GMA!... Its about the performance of the current president!...

Why do you keep on infusing much of GMA when its already Pnoy's term? -

He has to prove that he can do good in economy!^^:lol:

the 0.9% GDP growth in 2009 can easily be surpassed :lol: which was Cory's fault, according to sh!ttypants

we did great in the year 2009 considering the status of all major economies around the world. even if the growth was a measly 0.9%, it is still one of the best performing economy in the world. :D

BPO industry seen growing to $25 billion by 2015
(philstar.com) Updated December 03, 2010 12:00 AM Comments (0)

MANILA, Philippines (Xinhua) - The Philippines is seen to maintain its position as one of the world's top outsourcing destination, generating an annual revenue of $25 billion by 2015.

The global business process outsourcing (BPO) revenues meanwhile is expected to reach $250 billion in 2015 from just $150 billion this year, data from the Business Processing Association of the Philippines' (BPAP) showed.

"More companies are expected to sub-contract service to companies in the Philippines as a way to cut costs," BPAP said.



BPAP said the Philippines is expected to maintain its market share of around 10 percent, despite emerging competitors like Vietnam and other countries in South America also joining the race for more clients.
The country's BPO industry is seen to end the year with $9 billion in total revenue. The BPO industry is currently one of the major sources of growth of the Philippine economy.
"The country's BPO industry currently employs around 600,000 people. We want that to grow to around 1.3 million workers in the next five years," Danilo Reyes, BPAP director, said in a statement.

He said much of the growth will still come from call centers, which currently make up bulk of the local BPO sector. The Philippines recently displaced India as the world's leader in call centers.

http://http://www.philstar.com/Article.aspx?articleId=635769&publicationSubCategoryId=200

-----------

^^

Sunshine industry indeed. I just hope we will shift from voice service to non-voice service like IT, HR and Accounting.

^^ we will.... we really will...

i can see the Philippines producing giant software companies in the next decade.. i hope.. :D

^^ we will.... we really will...

i can see the Philippines producing giant software companies in the next decade.. i hope.. :D

Magdilang anghel ka sana.

NT, I will have to assume that you are a techie, based on your example and as your avy suggests. however, cellphones are considered as part of consumer electronics in the same way other electronic appliances are now being viewed. (the distinction is being blurred).

what happens in metro manila is typically indicative of the other major cities in the country but your example is rural, of course there are no malls in rural areas and hence limited purchasing power. but the rest of the cities are fine.

second, your example of consumer spending is inconsistent by pointing to discretionary spending as a measure of good economic activity.

discretionary spending is just that, discretionary, you as techie want a 30k cp. I would probably buy appliances. midlevel employees and up are typically provided free cp by their companies anyway so hence your example is really flawed as far as discretionary spending is concerned.

perseus is correct because of his wider example, electronics which has a far wider range of products, those that can be bought by c-d simple radio/karaoke to the A's with their choices for flat screen LCD and top of the line sound system.

Yes, cellphones are now consumer items that even the C and D classes have lots of...especially from the second hand market. My maid has 3 cellphones, even more than me. She may even have far more advanced features on her phones than my simple phone. But what kind of spending does she do on those phones? P300 per month or so (mostly SMS), compared to my thousands due to all these calls both local and international?

You are correct in saying that many midlevel employees are provided cellphones by their companies but how many really have that privilege? Maybe those in sales, yes, but for personal use? Companies are now cutting expenses that they won't always provide non-work related stuff for free unless the job requires it. I've never had to buy a cellphone (one exception was when I lost my phone so I replaced it) because my plan provides for it but probably I'm the exception, which is why I cringe when buying phones out of my own pocket.

As I've said in many other posts, each to his/her own. I can't generalize what I have or do not have compared to 99% of other Filipinos out there. Like you, I don't spend P30K for a phone but would rather spend it on durable high ticket items like flat screen TVs or the like. Perseus may spend his P30K for his tuition and other things. And for many other married people with kids, probably that P30K is not even enough for the tuition and other expenses that go along with it.

Re rural and urban, that's for another discussion. We can't discount the rural as they still account for some 2/5 of the population of the country. We are seeing a trend of rapid urban growth in the country that sometimes many of us overlook the rural side.

to a certain extent, you have a point especially the SM/robinson types which typically attracts b/c and a big chunk of the a market still.

but malls are indicative of spending behavior because malls are designed to attract different markets, for groceries, clothing, food, electronics, groceries.
to insist that people are in malls not to shop but just too laze away is applicable to college kids and osy with no or limited purchasing power.

but that si not necessarily correct if you study the demographics of customers. and not discounting stores with impulse products.

on a per square meter, higher end stores will necessarily do better in a more upscale mall like glorietta rather than an SM, but that does not mean no one shops in malls nowadays.

OK I know you are in the mall related business, but you have to realize that the malls that open actually suck away the small time department stores and sari-sari stores in the vicinity. What you see in sheer numbers of people coming to your SM, Robinson's, Gaisano, etc. are shoppers who have been lured away from your tindahan sa tabi-tabi and into the airconditioned malls which offer same, if not lower prices, plus of course, more entertainment options on top of the shopping concerns.

But as I said in my previous posts, just because there are more people in malls, does not necessarily mean they are spending more money per capita on shopping. In your example in the last paragraph, we all know that high end stores sell more pesos per sqm. than the typical section in an SM department store. But how about profit per sqm? Look at the stores in SM that close down as a result, they obviously are not profiting enough in order to sustain their operations. Sure, there are a lot of very well known brands that make money, but they don't have as much people traffic per sqm. Which is exactly why looks are deceiving. You can have empty jewelry stores on most days, but then in June or December they can have a little more patrons than usual, and then they make their profits there. On the other hand you can have a lot of people passing through a big department store, and some sections won't be selling much. It really depends on what kind of items are being purchased, needs, wants or whims.

I have no problem with this statement, Noynoy do need to surpass the accomplishments of the previous administration, jus the good one not corruption.:lol::lol: This is why the pressure is on him, he has to prove alot of things and i believe this is why he is messing up, he wants so bad to please the people but he is overwhelmed by it so he is bound to make a mistake. Plus he is being too emoitional.




Well, gender is never almost a hindrance in proving someone's self worth. Maybe in the physical aspects, there is but not so much on skills and decision making. A man and a woman can compete intellectually in an equal level.
we were talking about the economic growth not corruption level.

the 0.9% GDP growth in 2009 can easily be surpassed :lol: which was Cory's fault, according to sh!ttypants

that's all you're good for namecalling and antagonizing people on this site, you probably think you're in you tube. you're the local jbkayaker, wait I don't want to insult JBkayaker.

jbkayaker actually made more sense than you. you;re just a hired anti-administration hack

:lol: all the while i thought bigotry ended up with hitler......mukhang lahat na nde tugma ang pananaw kay @kintoy is either hired hacks or cohorts of horn :lol: :ohno:

Northrail. overpriced Diosdado Macapagal Highway. ZTE-NBN. Jose Pidal. Jocjoc Bolante and the Fertilizer scam. midnight appointments. Hello Garci and the widespread cheating during 2004 elections. Ampatuan Massacre. Ondoy. Nani Perez powerplant deal. Jueteng-gate. General Garcia and the Eurogenerals. misappropriation of Road users tax.

http://arroyocorruption.pbworks.com/w/page/13705457/FrontPage



Kay Susan Roces pa nga lang, hindi na umubra. hahaha.
imagine kung si FPJ ang nanalo noon,:ohno:, saan kaya tayu pupulutin ngayun?? thank god it was GMA!!:banana::lol: at bakit mo isinama ang ondoy? kasalanan ba ni gloria kung walang disiplina ang mga taong tapun nang tapon nang basura??:ohno:
...and?!?!

President Ronald Reagan didn't even become a lawmaker. ;)
honestly i know nothing about reagan. all i know is that he was ones the president of the U.S.,:) my point is,,, sa tinagaltagal niya sa legislative,wala man lang siyang naipasang batas ni-isa! isnt that embarassing?:lol: mabuti pa si lito lapid may carabao act eh si penoy?:nuts:
we must be proud of GMA then. Only in her term that the Ampatuan Massacre happened. the the killings of hundreds of political activists. and the widespread cheating in 2004.

::cheers
pure hearsay,,baseless, because if so, GMA should have been in prison at this very moment., pasayaw2X na sana sya sa YUTOB:nuts::lol:
kailangan na sigurong magcreate ng thread na pgma vs. p-noy. ang saya-saya siguro sa thread na yun. :lol: :cheers:

good idea, it would be fun to have such thread.LOL:lol:

we were talking about the economic growth not corruption level.

Yes, this is why i said "just the good ones" - good accomplishments which is infrastructure and most especially, economy.

baseless yung cheating in 2004? are you living under a rock? have you heard of Hello Garci? how about the Fertilizer scam of Jocjoc Bolante?

ano ba nagawa ni Gloria nung ondoy? she spent the calamity funds on her district, kahit hindi kasali sa nasalanta ng bagyo. and the ondoy disaster underlined how ineffective her government is. Civil defense under Gibo, may nagawa ba?

imagine kung si FPJ ang nanalo noon,:ohno:, saan kaya tayu pupulutin ngayun?? thank god it was GMA!!:banana::lol: at bakit mo isinama ang ondoy? kasalanan ba ni gloria kung walang disiplina ang mga taong tapun nang tapon nang basura??:ohno:

At this point, filipinos are always "SOL" especially during those times. GMA could of been one of the best President of the country, she let herself with temptations.

honestly i know nothing about reagan. all i know is that he was ones the president of the U.S.,:) my point is,,, sa tinagaltagal niya sa legislative,wala man lang siyang naipasang batas ni-isa! isnt that embarassing?:lol: mabuti pa si lito lapid may carabao act eh si penoy?:nuts:
Ronald Reagan is one of the most respected president of the US and the world.

pure heresay,,baseless, because if so, GMA should have been in prison at this very moment., pasayaw2X na sana sya sa YUTOB:nuts::lol:

There would not be any whistle blower if GMA or her family is never involved in any corrupt dealings, ofcourse, this is yet to be proven. But if you look into it, Cory was never identified as a corrupt president, her only deal was the Hacienda Louisita issue which somehow should be understandable because those land in question belongs to their family, it's just the land reform program gave the inhabitants to own lands they live in and tilled for decades.. Ramos were never implicated with corruption issues. Look at Erap? There were whistle blower, he served house arrest jail time. Now GMA. If you just look carefully, if GMA commited Hello Garcie case, she should have been forced to step down, but? Garcie was let out of the country and is hiding up to this day, the rest is history after then. So, if GMA is really honest and clean, she would have not even entertain the idea of calling Garcie to check on her votes..... That my friend is a recipe of disaster and a prelude to corruption. Thank you for her in letting the country's credit rating higher and on time payment of debts, the Philippines can now borrow money overseas but? Did it lower the poverty level of the country? Did we start easing out on sending manpower overseas because the country can self sustain already? Nope, the country still rely on OFW remittances to keep the economy floating, the only difference is that there are BPOs located in the Philippines, a good start somehow.

wala daw cheating nung 2004. how come FPJ got zero votes in several towns in Maguindanao? it's statistically impossible to get zero votes. especially when FPJ is very popular among the Muslims in Mindanao.

btw, it's not coincidence that those towns were under the Ampatuans.

akala ko tapos na ung gulo kay GMA vs. Noynoy..

di parin pala.. LOL

any sensible economic news lately???

^^
We have this.

Nido Petroleum confirms new gas find (http://www.philstar.com/Article.aspx?articleId=635853&publicationSubCategoryId=66)


Nido Petroleum confirms new gas find
By Donnabelle L. Gatdula (The Philippine Star) Updated December 04, 2010 12:00 AM Comments (0)

MANILA, Philippines - Australia-based oil exploration firm Nido Petroleum Ltd. has confirmed another potential hydrocarbon or natural gas reserves near the Malampaya gas field in Northwest Palawan.

In a report to the Australian Stock Exchange, Nido said an independent study made at Service Contract 58 has confirmed earlier reports that the structure has traces of hydrocarbon.

Based on its initial geochemical analysis, Nido said it has verified the presence of liquid hydrocarbons in the subsurface structure of SC 58.

It added that the potential gas reserve could be similar to the Malampaya oil field, the country’s largest gas find, which could fire up some 3,000 megawatts (MW) of power.

“SC 58 can now be considered as viable source system to charge the large Balyena, Butanding and Dorado prospects mapped in the block. This is a very exciting development. Not only are individual prospect probability of success improved, but it highlights the substantial upside in the SC 58 deepwater fairway,” Nido exploration head Jon Patillo said.

SC 58 is located in the deep waters of Northwest Palawan covering an area of 13,440 square kilometers. Earlier, it was estimated that SC 58 could yield over five billion barrels of oil.

In April this year, Nido reported that it found traces of liquid hydrocarbons in cores acquired during a multi-beam and deepwater sea-bed coring project in the exploration block.

Nido said with the confirmation of its findings in SC 58, it intends to carry out a work program that would fully integrate the geochemical results with ongoing seismic reprocessing studies to determine the reserves in the area.



“This work will conclude in early 2011 following final risking/ranking of the prospect inventory and the selection of drilling candidates,” Nido president and chief executive officer Jocot de Dios said.

Nido owns 50 percent of SC 58 while state-run Philippine National Oil Co.-Exploration Corp. holds the remaining interest in the contract.

After the series of seismic surveys, the consortium will start the drilling activities in the area.

Nido is one of the leading oil and gas exploration and production companies operating in the Philippines, with headquarters in Perth, Western Australia. The company’s assets are located within the Northwest Palawan basin, the premier producing basin in the Philippines.

It is currently in the process of commercializing the Tindalo oil field, located in SC 54A. This will augment production from the Galoc oil field a field where the company currently holds a 23 percent interest.

wala daw cheating nung 2004. how come FPJ got zero votes in several towns in Maguindanao? it's statistically impossible to get zero votes. especially when FPJ is very popular among the Muslims in Mindanao.

btw, it's not coincidence that those towns were under the Ampatuans.

You are barking at the wrong tree

Sometimes, it's easier to spread rumors (hearsay), present whistle blowers (sacrificial lamb) and fabricate lies (propaganda) than to unravel the truth. If there was a cheating (present concrete evidences needed not whistler blowers), then, you should blame the Ampatuans not GMA, it was their initiative not her.

Anyway, don't get swayed by your emotions, it will cause you more harm than good, from time to time, learn to use your cerebral cortex and when you analyze things and issues, always be neutral, that is most (surefire) efficient and effective method.

______

back to the main topic

I hope, that the current government can sustain our economy momentum.

Philippines coco oil export up 33.39 pct in November
http://www.mb.com.ph/articles/290827/philippines-coco-oil-export-3339-pct-november
December 4, 2010, 3:55am

MANILA, Philippines (Xinhua) - The Philippines' coconut oil exports increased by 33.39 percent in November over the same period last year, data from the United Coconut Association of the Philippines (UCAP) showed on Friday.

The country, the world's biggest exporter of coconut oil, shipped 68,509 metric tons (MT) of the product last month, up from 51,358 MT a year ago, as demand for the product and higher copra supply remains strong.

This brings year-to-date figure to 1.24 million MT from 701,572 MT in the same period last year.

UCAP said among its major markets include the United Stares, the Netherlands, Japan, Italy and China.

You are barking at the wrong tree

Sometimes, it's easier to spread rumors (hearsay), present whistle blowers (sacrificial lamb) and fabricate lies (propaganda) than to unravel the truth. If there was a cheating (present concrete evidences needed not whistler blowers), then, you should blame the Ampatuans not GMA, it was their initiative not her.

Anyway, don't get swayed by your emotions, it will cause you more harm than good, from time to time, learn to use your cerebral cortex and when you analyze things and issues, always be neutral, that is most (surefire) efficient and effective method.

______

back to the main topic

I hope, that the current government can sustain our economy momentum.

sayang nga pa-aral sa UP nyan:D:lol:

jbkayaker actually made more sense than you. you;re just a hired anti-administration hack

of course, birds of the same feather usually understand each other.

sayang nga pa-aral sa UP nyan:D:lol:

actually it makes more sense now...
kailangang kailangan na talagang dagdagan ang subsidy sa UP


PEACE OUT! :D




It’s official: PH bests India as No. 1 in BPO

Philippine Daily Inquirer
First Posted 02:51:00 12/04/2010
http://newsinfo.inquirer.net/inquirerheadlines/nation/view/20101204-306912/Its-official-PH-bests-India-as-No-1-in-BPO

MANILA, Philippines—After challenging India for the top position for several years, the Philippines is now the world leader in business support functions like shares services and business process outsourcing, according to the latest reports and trends analyses.

In fact, the country overtook India in these categories last year, according to IBM’s latest Global Locations Trend Annual Report, released recently in New York.

India now ranks No. 2, the first time it was not in the leading position for these activities, according to the IBM report, launched in October but made available online last month.

“The Philippines has taken over the lead in the global ranking from India,” the report said.

The IBM report said the Philippines offered a similarly attractive business environment for international business support functions as India. Unlike India’s BPO hot spots, however, labor costs here have not increased as much.

Revenue: $5.7B in 2010

On Thursday, the Contract Center Association of the Philippines said the country had become the call center of the world, with around 350,000 Filipinos working in call centers against India’s 330,000-strong workforce.

Revenues from the country’s call center industry are also expected to reach $5.7 billion this year, higher than India’s $5.5 billion, the CCAP said.

The call center industry, which provides so-called “voice” services like customer support and sales, is part of the BPO industry.

Call centers make up 70 percent of the BPO industry in the Philippines.

Currently, there are 600,000 Filipinos employed in the country’s BPO industry, according to the Business Processing Association of the Philippines.

India is here

In yet another sign of the Philippines’ BPO dominance, Tata Consultancy Services, the information technology services, business solutions and outsourcing arm of India’s giant Tata Group, opened its first BPO center in Southeast Asia at the Bonifacio Global City in Taguig on Thursday.

“We believe that the Philippines has a very high quality of talent that can represent the company before our Asia-Pacific customers and our global customers,” said Vish Iyer, head for the Asia-Pacific region for Tata Consultancy Services.

Iyer also said Tata chose the Philippines because it “wants to be here to see the Philippine BPO industry grow from its current $9 billion [in annual revenues] to the projected $25 billion in 2016.”

The BPO center that Tata Consultancy inaugurated will have 400 seats, and a target of three clients, including Citibank.

Abid Ali Z. Neemuchwala, vice president and global head for business process services and process excellence, said the company expects to more than double this to 1,000 seats and a target of five clients two years from now.

The firm generated revenues of about $6 billion last year.

Support for BPO industry

In November, Senator Miriam Defensor-Santiago said she would file a measure to “jump-start legislative support for the BPO industry, especially its workers” and urged other legislators “to formulate laws supporting this booming sunshine industry.”

According to the International Labor Organization, the BPO industry may be broadly divided into voice services such as call and contact centers, and non-voice or “back office” services, like finance and accounting, data processing and management, and human resource development.

An ILO report released last July noted that Filipino BPO employees were earning 53 percent more than workers of the same age in other industries.

The study pegged the average monthly salary of local BPO employees at P16,928, with men earning 13 percent more than women.

Local BPO employees also work 44.7 hours per week on the average, with overtime work averages of 1.12 hours per week.

Night work

The study also found that 42.6 percent of BPO employees in the country work at night, and that respondents have reported sleep disorders, fatigue, eye strain and body pains.

Following India in IBM’s ranking of BPO leaders were the United States, Poland, China, Britain, Columbia, Costa Rica, Fiji, Ireland, South Africa, Sri Lanka, Hungary, Australia, Egypt, Chile, France, Canada, France, Singapore and the Netherlands.

The IBM report said Sri Lanka was another Asian country that had succeeded in positioning itself as an alternative to India. Reports from Cynthia D. Balana and Lawrence de Guzman, Inquirer Research

ako dapat buwagin na yang UP :lol: mga pal yan ng bayan tapos pag nagkasungay na susuwagin ang bayan din na gumasta sa pag aaral nila....in the guise of intellectual freedom...:lol: privatize yan para maging mahal ang tuition....para ang makapasok ay yung dapat lang makapasok yung mga walang pambayad ay mapilitan kumayod para makapasok hindi ihahain lang sa kanila ang murang edukasyon dahil mahirap sila....ito ang mali sa ating lipunan gusto isama lahat sa pagakyat kaya nahihirapan humarurot ang bayan...hindi hayaan ang natural way of elimination....makapasok ang mga fighter/winners at hayaan malagas ang mga losers.....hindi pwede ang lahat ay maging leaders dapat meron mga followers....meron queen bee at meron mga workers....dahil iba iba ang kakayahan ng bawat isa....

wow! ^^ good to hear that!

honestly i know nothing about reagan. all i know is that he was ones the president of the U.S.,:) my point is,,, sa tinagaltagal niya sa legislative,wala man lang siyang naipasang batas ni-isa! isnt that embarassing?:lol: mabuti pa si lito lapid may carabao act eh si penoy?:nuts:

The bottom line is he was not a lawmaker in the first place - not even during his entire political career. He proved to us that making a bible of laws will not always make a good leader. He just have the character to connect with the people and understand their concerns.

Hello everyone!:nuts:... Its not about GMA!... Its about the performance of the current president!...

Why do you keep on infusing much of GMA when its already Pnoy's term? -

He has to prove that he can do good in economy!^^:lol:

:lol::lol:

Kasi malaki cutting nya nuong presidente sya sa mga big ticket projects na yan eh kasabay sa paglago na kanyang ekonomiya. :lol:

wow ang laki na ng achievment ni pnoy.....nasa top 10 na manila sa eco vitality.... :lol: o ano ngayon ano sabi nyo na walang nagawa si pgma este si pnoy pala.....puro pa cute lang...:lol: ...

We should thank the OFW's for that instead of PGMA for pumping billions of dollars in the economy to stimulate consumption as well as collection of consumption taxes (VAT).

Wala tayo sa product export at wala rin tayo sa direct investments kaya hindi apektado ekonomiya natin, kasi exported labor tayo bumabawi. :lol:

Yeah really... Arroyo keeps on traveling overseas back then to offer manpower to other countries to provide more jobs for the people, it would of been better if she created jobs IN THE COUNTRY aside from BPOs owned by foreign investors, it should be more filipinos investing in the country and protect them. This is probably why alot of filipinos are setting up businesses overseas, they have a better chance of success without having to suck up on any government official.

The bottom line is he was not a lawmaker in the first place - not even during his entire political career. He proved to us that making a bible of laws will not always make a good leader. He just have the character to connect with the people and understand their concerns.

yes i agree,,but why are we even talking about reagan? he doesn't even exist in this world anymore!:ohno: cant you get it?, PNOY was a legislator in the past, ligislators are the ones who makes laws, dont they? and what? he has not done any laws and that alone proves his ineffectiveness as a lawmaker!! he failed to do his job..he showed us a very poor performance and yet emotoinal voters still did voted him., i was wondering all this time kung ano kaya and ginagawa niya doon noon? paupo-upo lang, tutulog-tulog, patanggap-tanggap ng pork barel?? what the heck diba,. ngayun? alas dyes raw kung gigising sa umaga!! my god! wake up noy!! you are a president right now!! bawal ang tutulog-tulog!!!ahehehe:lol::lol:

yes i agree,,but why are we even talking about reagan? he doesn't even exist in this world anymore!:ohno: cant you get it?, PNOY was a legislator in the past, ligislators are the ones who makes laws, dont they? and what? he has not done any laws and that alone proves his ineffectiveness as a lawmaker!! he failed to do his job. i was wondering all this time kung ano kaya and ginagawa niya doon noon? paupo-upo lang, tutulog-tulog, patanggap-tanggap ng pork barel?? what the heck diba,. ngayun? alas dyes raw kung gigising sa umaga!! my god! wake up noy!! you are a president right now!! bawal ang tutulog-tulog!!!:lol::lol:

It is easy to dig the past but Aquino has bigger responsibility now, as far as I know, Noynoy had no intention in running for Presidency at the time until he was convinced and were promised to be supported. Surely, there is a difference back then when his responsibility was not that big, he has more pressure now than before when he mostly was just in the sideline. He is inexperience alright, this is what we get from voting a President with no visible commendable tract of record. I will enliken Noynoy with Obama, since you mentioned Reagan does not exists now, both has no experience, both are losing populariry, both are being critisized by their detractor. So far, aquino demostrate weakness however, he seems to keep the economy moving forward after Arroyo and the fact that the economy is predicted to increase by 7%, can we totally accuse Aquino as inefficient? As far as I know, by this time, we should see a decline in economy after 5 mos, but, it seems the economy is still improving. What should we do now? distabilize the government and interrupt the growth in economy? Sure, we can find wrong thing he commited but somehow we should also recognize his other effort especially if it is paying off. I'm sure most of you would say thank you Arroyo for the improvement, but that improvement is carried over with no major interruption inspite of the hostage taking and other accussations we giving Noynoy. This is why I keep on saying what do we want to happen? Kick Aquino out of the office even if he is legally voted? how sure are we that the economy would get better under Binay....

yes i agree,,but why are we even talking about reagan? he doesn't even exist in this world anymore!:ohno: cant you get it?, PNOY was a legislator in the past, ligislators are the ones who makes laws, dont they? and what? he has not done any laws and that alone proves his ineffectiveness as a lawmaker!! he failed to do his job..he showed us a very poor performance and yet emotoinal voters still did voted him., i was wondering all this time kung ano kaya and ginagawa niya doon noon? paupo-upo lang, tutulog-tulog, patanggap-tanggap ng pork barel?? what the heck diba,. ngayun? alas dyes raw kung gigising sa umaga!! my god! wake up noy!! you are a president right now!! bawal ang tutulog-tulog!!!ahehehe:lol::lol:

Agree!

It is easy to dig the past but Aquino has bigger responsibility now, as far as I know, Noynoy had no intention in running for Presidency at the time until he was convinced and were promised to be supported. Surely, there is a difference back then when his responsibility was not that big, he has more pressure now than before when he mostly was just in the sideline. He is inexperience alright, this is what we get from voting a President with no visible commendable tract of record. I will enliken Noynoy with Obama, since you mentioned Reagan does not exists now, both has no experience, both are losing populariry, both are being critisized by their detractor. So far, aquino demostrate weakness however, he seems to keep the economy moving forward after Arroyo and the fact that the economy is predicted to increase by 7%, can we totally accuse Aquino as inefficient? As far as I know, by this time, we should see a decline in economy after 5 mos, but, it seems the economy is still improving. What should we do now? distabilize the government and interrupt the growth in economy? Sure, we can find wrong thing he commited but somehow we should also recognize his other effort especially if it is paying off. I'm sure most of you would say thank you Arroyo for the improvement, but that improvement is carried over with no major interruption inspite of the hostage taking and other accussations we giving Noynoy. This is why I keep on saying what do we want to happen? Kick Aquino out of the office even if he is legally voted? how sure are we that the economy would get better under Binay....

I want judges of this administration to be fair and be objective in all their comments and criticisms.

I don't want idolatry to prevail!

I don't want others to grandstand Noynoy as if he is perfect -the best among the best, and grandstanding him by digging out the worst of the past admins!

( ito ang gusto ko... hehe):)

ganun talaga, yun lang ang paraan para makaangat....:lol: oi totoo ba ang tsismax may bago na namang love interest si pnoy....hmmmm hindi torpe....
len lopez daw.....

It is easy to dig the past but Aquino has bigger responsibility now, as far as I know, Noynoy had no intention in running for Presidency at the time until he was convinced and were promised to be supported. Surely, there is a difference back then when his responsibility was not that big, he has more pressure now than before when he mostly was just in the sideline. He is inexperience alright, this is what we get from voting a President with no visible commendable tract of record. I will enliken Noynoy with Obama, since you mentioned Reagan does not exists now, both has no experience, both are losing populariry, both are being critisized by their detractor. So far, aquino demostrate weakness however, he seems to keep the economy moving forward after Arroyo and the fact that the economy is predicted to increase by 7%, can we totally accuse Aquino as inefficient? As far as I know, by this time, we should see a decline in economy after 5 mos, but, it seems the economy is still improving. What should we do now? distabilize the government and interrupt the growth in economy? Sure, we can find wrong thing he commited but somehow we should also recognize his other effort especially if it is paying off. I'm sure most of you would say thank you Arroyo for the improvement, but that improvement is carried over with no major interruption inspite of the hostage taking and other accussations we giving Noynoy. This is why I keep on saying what do we want to happen? Kick Aquino out of the office even if he is legally voted? how sure are we that the economy would get better under Binay....

ofcourse we should dig his past.being the president,we are entrusting our lives in his hands. it is rightful for us to know his background wether in the past,he did good or not, just like an employer and an applicant.:lol: and your saying ligislators have less responsibility?, how old are you mate? i pressume may pinag-aralan ka.!kailangan mo na yatang magreview kung gaano kalaki ang responsibilidad nila.:)

It is easy to dig the past but Aquino has bigger responsibility now, as far as I know, Noynoy had no intention in running for Presidency at the time until he was convinced and were promised to be supported. Surely, there is a difference back then when his responsibility was not that big, he has more pressure now than before when he mostly was just in the sideline. He is inexperience alright, this is what we get from voting a President with no visible commendable tract of record. I will enliken Noynoy with Obama, since you mentioned Reagan does not exists now, both has no experience, both are losing populariry, both are being critisized by their detractor. So far, aquino demostrate weakness however, he seems to keep the economy moving forward after Arroyo and the fact that the economy is predicted to increase by 7%, can we totally accuse Aquino as inefficient? As far as I know, by this time, we should see a decline in economy after 5 mos, but, it seems the economy is still improving. What should we do now? distabilize the government and interrupt the growth in economy? Sure, we can find wrong thing he commited but somehow we should also recognize his other effort especially if it is paying off. I'm sure most of you would say thank you Arroyo for the improvement, but that improvement is carried over with no major interruption inspite of the hostage taking and other accussations we giving Noynoy. This is why I keep on saying what do we want to happen? Kick Aquino out of the office even if he is legally voted? how sure are we that the economy would get better under Binay....

What accusations? That he has no control over his mouth? That is not accusation that is a Proven fact. Accusation of not handling the economy well in spite of a smooth transition and good fundamentals, again not accusation it is a fact. High trust rating doesn't equate to actual result. He should step up his game to make up for all his blunders for the past 5 months.

And the fact that he was coerced to run for presidency.... speaks a lot about him... He has no balls of his own to actually decide for himself and since he was coerced to run for the presidency we should give him leeway. What a non-sense logic. He was stupid enough to be coerced then he should face the consequence for being an imbecile of biting more than he can chew.


Blind faith indeed.

We should thank the OFW's for that instead of PGMA for pumping billions of dollars in the economy to stimulate consumption as well as collection of consumption taxes (VAT).

Wala tayo sa product export at wala rin tayo sa direct investments kaya hindi apektado ekonomiya natin, kasi exported labor tayo bumabawi. :lol:

salamat askal sa padala mong dalar, hamon, sabon at tsokolate:lol::lol:

^^
We have this.

Nido Petroleum confirms new gas find (http://www.philstar.com/Article.aspx?articleId=635853&publicationSubCategoryId=66)


Nido Petroleum confirms new gas find
By Donnabelle L. Gatdula (The Philippine Star) Updated December 04, 2010 12:00 AM Comments (0)

MANILA, Philippines - Australia-based oil exploration firm Nido Petroleum Ltd. has confirmed another potential hydrocarbon or natural gas reserves near the Malampaya gas field in Northwest Palawan.

In a report to the Australian Stock Exchange, Nido said an independent study made at Service Contract 58 has confirmed earlier reports that the structure has traces of hydrocarbon.

Based on its initial geochemical analysis, Nido said it has verified the presence of liquid hydrocarbons in the subsurface structure of SC 58.

It added that the potential gas reserve could be similar to the Malampaya oil field, the country’s largest gas find, which could fire up some 3,000 megawatts (MW) of power.

“SC 58 can now be considered as viable source system to charge the large Balyena, Butanding and Dorado prospects mapped in the block. This is a very exciting development. Not only are individual prospect probability of success improved, but it highlights the substantial upside in the SC 58 deepwater fairway,” Nido exploration head Jon Patillo said.

SC 58 is located in the deep waters of Northwest Palawan covering an area of 13,440 square kilometers. Earlier, it was estimated that SC 58 could yield over five billion barrels of oil.

In April this year, Nido reported that it found traces of liquid hydrocarbons in cores acquired during a multi-beam and deepwater sea-bed coring project in the exploration block.

Nido said with the confirmation of its findings in SC 58, it intends to carry out a work program that would fully integrate the geochemical results with ongoing seismic reprocessing studies to determine the reserves in the area.



“This work will conclude in early 2011 following final risking/ranking of the prospect inventory and the selection of drilling candidates,” Nido president and chief executive officer Jocot de Dios said.

Nido owns 50 percent of SC 58 while state-run Philippine National Oil Co.-Exploration Corp. holds the remaining interest in the contract.

After the series of seismic surveys, the consortium will start the drilling activities in the area.

Nido is one of the leading oil and gas exploration and production companies operating in the Philippines, with headquarters in Perth, Western Australia. The company’s assets are located within the Northwest Palawan basin, the premier producing basin in the Philippines.

It is currently in the process of commercializing the Tindalo oil field, located in SC 54A. This will augment production from the Galoc oil field a field where the company currently holds a 23 percent interest.

wow! nice! sana may ma-discover pa... :)

good news......way to go pinas.....investment policies of the previous admin has now come to fruition....

What accusations? That he has no control over his mouth? That is not accusation that is a Proven fact. Accusation of not handling the economy well in spite of a smooth transition and good fundamentals, again not accusation it is a fact. High trust rating doesn't equate to actual result. He should step up his game to make up for all his blunders for the past 5 months.

And the fact that he was coerced to run for presidency.... speaks a lot about him... He has no balls of his own to actually decide for himself and since he was coerced to run for the presidency we should give him leeway. What a non-sense logic. He was stupid enough to be coerced then he should face the consequence for being an imbecile of biting more than he can chew.


Blind faith indeed.

And no control of his mouth is worst than being corrupt? What do you call the continued improvement on economy? Is that still called mishandling of the economy? For all I care, in just 5 months time if he really mishandling the economy, there would not be a projection of increase to 7%. What are you talking about? He does have no control on his mouth when critisizing Arroyo and is definitely excessive but does that translate to mishandling of the economy? Think again. A mishandling of economy would cause a collapse even in 5 months time of continued mishandling.

You can interpret his coehrsion to run for Presidency the way you can interpret it, however, it can be interpreted that those people who convinced him to run for President would be an answer to a corrupt free governance of the whole country. He may not be able to achieve a 100% clean and corrupt free government but no matter how intelligent a President is who is not Noynoy, do you think corruptions that is already in a pandemic state can be solved overnight? This is why inspite my opposition on Noynoy, I conceded because atleast, a promise of corrupt free goverment is there, this is probably why he blabbered his mouth alot because somehow there are accussations coming from other sectors that is yet to be proven. Remember the north rail issue and diwalawal mining case I posted in another thread? All of which are detrimental to the Philippine economy of the future and this are all because of Arroyo. We can kiss Spratly goodbye because Arroyo made a decision without the knowledge of filipino people. Don't tell me these are all made up and just a figment of my imagination.

You are barking at the wrong tree

Sometimes, it's easier to spread rumors (hearsay), present whistle blowers (sacrificial lamb) and fabricate lies (propaganda) than to unravel the truth. If there was a cheating (present concrete evidences needed not whistler blowers), then, you should blame the Ampatuans not GMA, it was their initiative not her.

Anyway, don't get swayed by your emotions, it will cause you more harm than good, from time to time, learn to use your cerebral cortex and when you analyze things and issues, always be neutral, that is most (surefire) efficient and effective method.

______

back to the main topic

I hope, that the current government can sustain our economy momentum.

always be neutral? ano ka, Switzerland?

if you use your cerebral cortex you'd realize that the Hello Garci scandal is not hearsay. Only deluded fools think that.

And no control of his mouth is worst than being corrupt? What do you call the continued improvement on economy? Is that still called mishandling of the economy? For all I care, in just 5 months time if he really mishandling the economy, there would not be a projection of increase to 7%. What are you talking about? He does have no control on his mouth when critisizing Arroyo and is definitely excessive but does that translate to mishandling of the economy? Think again. A mishandling of economy would cause a collapse even in 5 months time of continued mishandling.

Did I say it's worse? Ikaw ang nagbangit ng salitang accusation dito hindi ako? Continued improvement? we contracted by 0.5% on a quarter to quarter basis.

You can interpret his coehrsion to run for Presidency the way you can interpret it, however, it can be interpreted that those people who convinced him to run for President would be an answer to a corrupt free governance of the whole country. He may not be able to achieve a 100% clean and corrupt free government but no matter how intelligent a President is who is not Noynoy, do you think corruptions that is already in a pandemic state can be solved overnight? This is why inspite my opposition on Noynoy, I conceded because atleast, a promise of corrupt free goverment is there, this is probably why he blabbered his mouth alot because somehow there are accussations coming from other sectors that is yet to be proven. Remember the north rail issue and diwalawal mining case I posted in another thread? All of which are detrimental to the Philippine economy of the future and this are all because of Arroyo. We can kiss Spratly goodbye because Arroyo made a decision without the knowledge of filipino people. Don't tell me these are all made up and just a figment of my imagination.

I made no assertion that GMA is clean and made no accusation that PNoy is corrupt but you always managed to used that supposed corruption of GMA to your argument without producing a single thread of tangible proof to corroborate your claim.

I remember all of those things but why was nobody from the government filing a complaint against her? Is it because they have weak case against her and that it will not stand on any court of law so they keep on having trial by publicity stunt? Produce factual evidence of her culpability and file a complaint. If you don't have any stop being tsismoso.

If you're going to rebut my argument again don't use Arroyo in our argument stick with PNoy. Lumilitaw na napakahina ng argumento mo kapag palagi mong dinadahilan eh si Arroyo. Kaya Blind faith eh... hahanap at hahanap ng butas para lang maipagtangol ang katangahan ng iba.

ako dapat buwagin na yang UP :lol: mga pal yan ng bayan tapos pag nagkasungay na susuwagin ang bayan din na gumasta sa pag aaral nila....in the guise of intellectual freedom...:lol: privatize yan para maging mahal ang tuition....para ang makapasok ay yung dapat lang makapasok yung mga walang pambayad ay mapilitan kumayod para makapasok hindi ihahain lang sa kanila ang murang edukasyon dahil mahirap sila....ito ang mali sa ating lipunan gusto isama lahat sa pagakyat kaya nahihirapan humarurot ang bayan...hindi hayaan ang natural way of elimination....makapasok ang mga fighter/winners at hayaan malagas ang mga losers.....hindi pwede ang lahat ay maging leaders dapat meron mga followers....meron queen bee at meron mga workers....dahil iba iba ang kakayahan ng bawat isa....


wag naman!!!

OK nman sila eh.. un nga lang... kulang lang talaga ung "iba jan" sa GMRC.. dapat idagdag ung subject na yun sa curriculum nila...

in crisis talaga "ung iba" pagdating sa manners.. "matatalino nga" kaso mga ugaling kalye nman.. ganun din.. nag aral ka pa!!

am worried that the expected 7+ gdp may not materialize....look closely at the holiday shoppers.....and the malls.....supposedly holiday rush ngayon pero ang mga malls nag si sale pa dahil kulang ang mga bumibili......yung mga tao sa mall marami pero mukhang window shoppers lang at nagpapalamig...yung mga baget puro mga tambayers.....sa mga appliance centers....before puno na ng mga appliances na nabili and for release ang mga stores kaya kelangan mo maghintay ng matagal....at pipila ka pa ng matagal para makabayad lang.....nde kaya ang mga tao lahat sa divisoria na pumunta?

Korea eyed for Phl food, beverage products
By Philexport News and Features (The Philippine Star) Updated December 05, 2010 12:00 AM Comments (0) View comments

MANILA, Philippines – The country’s food and beverage exporters may consider penetrating the huge Korean market with a consumer base of over 48 million.

Ann Claire Cabochan, director of the Department of Trade and Industry’s Bureau of International Trade Relations, attributed the increasing demand for processed food and beverages to Korean consumers’ changes in lifestyle and dietary culture.

“The organic market is a segment that has been developing rapidly given the increase in demand for health foods. Fruit-based products are gaining popularity; imported processed foods have great potential,” she said.

Cabochan said Korean consumers also opt for marine products, fresh and processed fruits, frozen vegetables, sauce preparations, confectionary and alcoholic beverages.

She stressed that Korea imports 70 percent of its agricultural needs.

With this, Cabochan said local businesses should take advantage of exporting these products to that market especially with the implementation of the ASEAN-Korea Free Trade Agreement (AKFTA).

As a result of the AKFTA, already more than 90 percent of normal track products traded between ASEAN, which includes the Philippines, and Korea enjoy zero duties.

Cabochan particularly cited Philippine top exports enjoying duty-free treatment to Korea, including resource and agro-based products, chemicals, metals and machinery.

Without the FTA between ASEAN and Korea, these products are subject to Most Favored Nation (MFN) rates ranging from two to 40 percent.

For his part, Kim Myoung Joon, economic counselor of Embassy of the Republic of Korea, underscored the difficulties in the utilization of AKFTA.

These include, among others, the lack of information on details of agreements and implementation; absence of understanding on the entry into force, preferential rate, rule of origin and issuing certificate of origin; the lack of information on customs law of trading country; and customs procedures problems, he said.

To improve the utilization rate, Joon listed and proposed several measures to address during the recently held ASEAN Economic Ministers-Korea consultations.

Joon said ASEAN countries and Korea suggested the need to implement expeditiously the Minor Procedural Improvement, introduce a system of self-certification of origin, and promote economic cooperation program to develop the ASEAN customs administration.

Did I say it's worse? Ikaw ang nagbangit ng salitang accusation dito hindi ako? Continued improvement? we contracted by 0.5% on a quarter to quarter basis.



I made no assertion that GMA is clean and made no accusation that PNoy is corrupt but you always managed to used that supposed corruption of GMA to your argument without producing a single thread of tangible proof to corroborate your claim.

I remember all of those things but why was nobody from the government filing a complaint against her? Is it because they have weak case against her and that it will not stand on any court of law so they keep on having trial by publicity stunt? Produce factual evidence of her culpability and file a complaint. If you don't have any stop being tsismoso.

If you're going to rebut my argument again don't use Arroyo in our argument stick with PNoy. Lumilitaw na napakahina ng argumento mo kapag palagi mong dinadahilan eh si Arroyo. Kaya Blind faith eh... hahanap at hahanap ng butas para lang maipagtangol ang katangahan ng iba.

^^... we share the same observation :)

____

^^... I too, would like to presume its a weak case, lahat sila sa tingin ko ay may alam sa batas or may mga abogado.... ( and the Truth Commission pala, - I tell you it is bound to fail... and is it constitutional in the first place?... is it not an encroachment on the power of both the judiciary and legislature? :))
____

^^... yes, lagi binabalik kay arroyo ang criticisms sa present admin, as if Arroyo is still a party to the present case...

... Prosecution can't win by just relying on the weakness of the defense... ( I'm not a maka-arroyo po a...hehe):cheers:

ofcourse we should dig his past.being the president,we are entrusting our lives in his hands. it is rightful for us to know his background wether in the past,he did good or not, just like an employer and an applicant.:lol: and your saying ligislators have less responsibility?, how old are you mate? i pressume may pinag-aralan ka.!kailangan mo na yatang magreview kung gaano kalaki ang responsibilidad nila.:)

Yeah but his past has very little bearing on his current status as a President where he has more responsibility comparing in the past, and even if we talk about his past, did he commit any corruption back then? His records are clean. The question I keep on asking you is that, did you see the economy collapse or even have showed a sign of near economic collapse? We as a human being can improve and that most of you who are Arroyo's diehard supporters mostly complaints about how Aquino runs his mouth to attack the former President which is not a basis for mishandling of the economy. As far as I am concerned, since there are more projection in the increase of the economy, signifies that Noynoy is keeping the improvements in the right tract whether it is Arroyo's pioneer projects or not. That most of you complained about Noynoy but would not accept the fact that Arroyo is corrupt. I'm sorry, as much that I recognize Arroyo's achievements, I still see the mismanagement in her time as far as corruption, media killings and their names involvements.

Kung quarter to quarter ang basis ng GDP growth di halos negative na ang record ni GMA

Did I say it's worse? Ikaw ang nagbangit ng salitang accusation dito hindi ako? Continued improvement? we contracted by 0.5% on a quarter to quarter basis.
You folks are the ones who posted those 3 quarters on economy, did you even bother to observe that the decline started in 2nd quarter under Arroyo's administration. besides those are adjusted projections.


I made no assertion that GMA is clean and made no accusation that PNoy is corrupt but you always managed to used that supposed corruption of GMA to your argument without producing a single thread of tangible proof to corroborate your claim.
I remember all of those things but why was nobody from the government filing a complaint against her? Is it because they have weak case against her and that it will not stand on any court of law so they keep on having trial by publicity stunt? Produce factual evidence of her culpability and file a complaint. If you don't have any stop being tsismoso.



Are you kidding me? I posted all those alledged accusations on Arroyo even in the executive office thread. These accussations were filed even during Arroyo's term, just like that Diwalwal miniing and Spratley island issue. Like I have mentioned before, and it's not necessarily you but those who are diehard Arroyo supporter keeps on putting Arroyo up in a pedestal and are all willing to look away on the accussations on her even during her time. For one thing, those accusations filed during Arroyo's term seems to have vanished in thin air, you could say there are no evidence surfaced but is it because she was not guilty or she have influence over it since she was still a sitting president. Surely, she can plan ahead to better conceal her bad deeds. But, what about hello garcie case? Isn't that enough fact to gauge her honesty as a president??? Talking about proof, that is one of them and a solid one because she admitted to it. Don't accuse me of spreading the rumors because all the things I have said was a general knowledge that even if you run an old media research, you can easily find it.

If you're going to rebut my argument again don't use Arroyo in our argument stick with PNoy. Lumilitaw na napakahina ng argumento mo kapag palagi mong dinadahilan eh si Arroyo. Kaya Blind faith eh... hahanap at hahanap ng butas para lang maipagtangol ang katangahan ng iba.

You guy's critics are the ones excessive and alot of times you guys try to glorify Arroyo as if she is to be revered. I started mentioning Arroyo when some of you keeps on comparing Arroyo and Aquino which is definitely the same. Some of you even sounded like you rather have another people's power to unseat a legal president and the fact that your accussations on mishandling the economy is lame since like I said, I have so far never heard of any hint the economy is collapsing five months after Aquino assumed the office. Yeah, he overly critisize the previous administration but can you blame him? Cory Aquino was installed in the office via people back revolution but you never hear accusations as bad as Arroyo. It's highly inusual that the same people who installed her in the office and supported her are the ones calling foul and accussing her of abusing her power and be identified as a corrupt president. What proof did you want me to give? Hell for all we knew, Arroyo pulled a Marcos tactic where even after they are not in power, they remained almost invicible and was never jailed. Maybe this is why she really run for the lower office again , to keep her influence because she knew someone will watch her back because these people benefitted from her and if they did not protect her, they would end up under scrutiny.:ohno::ohno:

Yeah but his past has very little bearing on his current status as a President where he has more responsibility comparing in the past, and even if we talk about his past, did he commit any corruption back then? His records are clean. The question I keep on asking you is that, did you see the economy collapse or even have showed a sign of near economic collapse? We as a human being can improve and that most of you who are Arroyo's diehard supporters mostly complaints about how Aquino runs his mouth to attack the former President which is not a basis for mishandling of the economy. As far as I am concerned, since there are more projection in the increase of the economy, signifies that Noynoy is keeping the improvements in the right tract whether it is Arroyo's pioneer projects or not. That most of you complained about Noynoy but would not accept the fact that Arroyo is corrupt. I'm sorry, as much that I recognize Arroyo's achievements, I still see the mismanagement in her time as far as corruption, media killings and their names involvements.
yes,perhaps hee is clean but its not enough to keep the boat floating.malinis nga ang kunsensiya niya pero malinis din achivement book niya if we are to take a recap of his past being a lawmaker(he was a lawmaker but the ironyy there is he has not made any, even a single law) how can i trust him if he cant even show empressivbe track record? sa isang bangkang mababait ang sakay at wala ni isa ang marunong mag-sagwan,sa laki ng mga alon eh baka lumubog ito!! remember mate, its too early for noy to claim the current economic stability as his achivements. its been 6 months since he took office and that span is too short para mailatag niya ang mga gagawin palang niya sa ekonomiya natin. again, ang magandang ekonomiya natin ngayun ay bunga nang itinanim ni GMA and i hope masustain niya kasi recently, medyo bumagal ang paglago despite the fact na maayus naman ang dinatnan niya.BTW, i accept the fact that GMA admin was corrupt but hey,can you name one president whose admin had no traces of corruptyion? even the late corys admin have had the kamaganak inc. remember? im afraid baka maging kaibigan INC. ngayun.
^^... we share the same observation :)

____

^^... I too, would like to presume its a weak case, lahat sila sa tingin ko ay may alam sa batas or may mga abogado.... ( and the Truth Commission pala, - I tell you it is bound to fail... and is it constitutional in the first place?... is it not an encroachment on the power of both the judiciary and legislature? :))
____

^^... yes, lagi binabalik kay arroyo ang criticisms sa present admin, as if Arroyo is still a party to the present case...

... Prosecution can't win by just relying on the weakness of the defense... ( I'm not a maka-arroyo po a...hehe):cheers:
tumpak!!!!

yes,perhaps hee is clean but its not enough to keep the boat floating.malinis nga ang kunsensiya niya pero malinis din achivement book niya if we are to take a recap of his past being a lawmaker(he was a lawmaker but the ironyy there is he has not made any, even a single law) how can i trust him if he cant even show empressivbe track record? sa isang bangkang mababait ang sakay at wala ni isa ang marunong mag-sagwan,sa laki ng mga alon eh baka lumubog ito!! remember mate, its too early for noy to claim the current economic stability as his achivements. its been 6 months since he took office and that span is too short para mailatag niya ang mga gagawin palang niya sa ekonomiya natin. again, ang magandang ekonomiya natin ngayun ay bunga nang itinanim ni GMA and i hope masustain niya kasi recently, medyo bumagal ang paglago despite the fact na maayus naman ang dinatnan niya.BTW, i accept the fact that GMA admin was corrupt but hey,can you name one president whose admin had no traces of corruptyion? even the late corys admin have had the kamaganak inc. remember?

tumpak!!!!

Well, you just have to put a little faith on what you can call a newbie, just like Obama. It is hard to give them your complete trust but what do you do? Unless Aquino is not doing illegal and he keeps the economy floating with no indication of danger then he is learning his way around. Someone asked one of you guys before to name Noynoy's family members already in the office that he installed. the name and numbers of his family serving the government after he assumed the office.

I believe Ramos played a fair game, as well as Cory. It is only the Erap and Arroyo's time again the word corruption is always a topic of discussion in media and in any level of society. With all honesty, it is hard for any politicians to not have relatives in the governemt especially if some of them are already serving even before they assumed an office, political dynasty exist even in other countries. Marcos and Ramos were even cousins remember?

As much as Noynoy or whomever is giving Noynoy the credit on today's economy, somehow they made an statement not too long ago that Arroyo handled the economy very well inspite of previous criticism towards her, that dispells the idea of Aquino's full claim on todays economic achievement, considering after he assumed the office, after 5 mos, the projections still keep on moving up, with bad management skills, it can only take as little as 4 ro 5 months to show any indication that the country's economy is in the verge of collapse. So far there is this projected 7% increase, so, we can safely say that Aquino managed to keep the economy in the right tract. It is different that even after the hostage taking incident, the government started reported loss. You can critisize Aquino acted like a woman when he criticize Arroyo but since the improvement is continueous, I think it is too early to he is completely mismanaging the government.

With the populist policies of the goverment, for sure they may not impose additional taxes but pushing us into debt sink hole with all the charges for us to bear when ever we use this PPP projects.

Below reports could be true that could be in similar situation of Greece and other European countries in debt problems. Worst we are yet to develop.

Government warned on debt levels with PPP deals

By Donnabelle L. Gatdula, The Philippine Star
Posted at 12/05/2010 1:13 AM | Updated as of 12/05/2010 1:13 AM

MANILA, Philippines – Private think-tank Forensic Law and Policy Strategies Inc. has urged government to watch its debt levels as it enters into contracts under the so-called public private partnership (PPP) scheme.

The think-tank noted that under the PPP, $6 billion worth of infrastructure projects and $8 billion worth of power projects are reportedly up for launching via the PPP from 2012 to 2016.

In a policy paper, Forensic Solutions warned that Malacañang’s plan may worsen rather than ease the country’s debt trap by creating a Philippine Infrastructure Development Fund (PIDF) to jumpstart this pro-investor project with a start-up amount of P200 billion.

The amount will be sourced from the Development Bank of the Philippines (DBP), Land Bank of the Philippines (Landbank), Government Service Insurance System (GSIS) and the Social Security System (SSS).

The paper also pointed out that in insuring against all forms of regulatory risks, including judicial risk, as a pro-investor incentive, Malacañang “will negate the power of the judiciary to review executive action…and force one branch of government to abdicate its function in favor of another.”

“By insuring against all forms of regulatory risk, including judicial risk, some fear that President Aquino’s new PPP policy undermines this system of checks and balances,” it said. Malacañang is “in effect, saying that a contract entered into by the government is immune from judicial inquiry, and will be honored, at least financially, regardless of the result of any review by the courts.”

According to Forensic Solutions, President Aquino “hit the nail on the head in identifying a major cause of lack of investor confidence in the Philippines: the danger that the rules, mid-game, may change. President Aquino’s intention to protect investors from such regulatory uncertainty is laudable. Yet in the same breath, his financial managers have publicly initiated a unilateral withdrawal of legislatively-granted fiscal incentives.”

“In lieu of the favorable terms offered by previous administrations, like guaranteed return on investment, guaranteed market and sales, fiscal incentives, full cost recovery, and subsidies for production input, the cost of which is to be borne by the people as consumers and as taxpayers, the Aquino government now offers regulatory risk insurance.”

“Pulling out previously offered incentives will turn-off investors, unless the incentive offered will put them at a greater advantage.”

Forensic Solutions added that “more important than all the fiscal and regulatory incentives that the administration may churn out, “President Aquino must ensure that his government will honor its valid and binding contractual obligations, regardless of whether these were entered into by a past administration. Otherwise, no investor, foreign or local, will gamble his or her financial resources on a country whose policies will likely be reversed at every change in the administration.”

As for the PIDF plan, the think tank said that the state-run investment arm National Development Co. (NDC) will issue government-guaranteed PIDF Bonds, “which is just another form of indebtedness,” with varying maturity periods ranging from five to 25 years, and the proceeds from which will then be loaned to PPP investors.

Such bonds will be backed by guarantees from multilateral lending institutions like the World Bank and the Asian Development Bank (ADB).

“The clear bottom line is that these guarantees provided by multilateral institutions, as well as the bonds to be issued for the PDIF, must be paid back, with interest. The storyline is at once compelling and familiar. Juan dela Cruz will foot the bill,” the paper pointed out.

The government had unveiled 7 major public transport projects under the PPP program:

$1.6-billion expansion of the Metro Rail Transit (MRT)-Light Rail Transit;
$257.8-million MRT Line 2 extension
$172.1-million new Bohol airport
$99.5-million Puerto Princesa Airport
$479.5-million North Luzon Expressway- South Luzon Expressway link
$239.7-million Cavite-Laguna Expressway-Manila side section
$70.1-million Daraga International Airport

SOURCE: http://www.abs-cbnnews.com/business/12/04/10/government-warned-debt-levels-ppp-deals

^^This is why the government should make sure that the projects themselves have good rates of return on their investments (both private and government). OK, you have the CALA expressway worth almost USD240 million. Do you think any private entity will take the risk of partnering with government if the government itself is so weak to implement toll or rate hikes, or having a judiciary who will just keep on issuing TROs to the detriment of progress?

And look at the USD 1.6 billion they are talking for expanding the MRT-LRT. If the government is still subsidizing 3/4 of the cost of transporting an MRT passenger, will MPIC (who is interested in the MRT) expect to make money by just keeping the fares the way they are? Of course not! They will find all possible ways to increase revenue, which includes mixed development/malls/commercial rentals, advertising rentals at the stations and inside the trains, etc. etc. And of course, increasing the fares.

Another PPP project which I think is too expensive is the P7 billion Panglao airport. Do you think that once this airport is built, the gov't. and the private sector will be able to see passenger numbers go from half a million per annum to three or four times the amount? And we know that airports make money now on non-traditional revenue sources (e.g. malls, mixed development, etc. not just the usual fees). I am worried that Panglao is doomed to fail economically simply because of its high price tag not even considering the environmental issues it poses.

dyan pa rin kayo sa arroyo vs aquino isyu.....:lol: comparing apples and oranges....eh alam naman ng lahat na mas magaling na presidente sa little evil gloria.....move on already.....:lol: inspite the allegations....na siya pinaka korap pinaka demonya, pinaka masama, pinaka unpopular....at kung ano-ano pa....inspite all that.....ni wala sa kalingkingan si pnoy....sad to say.....pnoy somehow need to justify his existence.....may silbi ba sya o wala...may nagawa ba o wala....hanggang ngayon...imagine that,....no clear cut economic policies from the palace.... no legislative agenda......mukhang budget pa lang ang unang pipirmahan batas na may katuturan ang admin na ito bago matapos and taon....pero budget...legislative output yun..sila ang may power sa pitaka o ng porta moneda nga bansa.....pipirma na lang sya........:ohno:

dyan pa rin kayo sa arroyo vs aquino isyu.....:lol: comparing apples and oranges....eh alam naman ng lahat na mas magaling na presidente sa little evil gloria.....move on already.....:lol: inspite the allegations....na siya pinaka korap pinaka demonya, pinaka masama, pinaka unpopular....at kung ano-ano pa....inspite all that.....ni wala sa kalingkingan si pnoy....sad to say.....pnoy somehow need to justify his existence.....may silbi ba sya o wala...may nagawa ba o wala....hanggang ngayon...imagine that,....no clear cut economic policies from the palace.... no legislative agenda......mukhang budget pa lang ang unang pipirmahan batas na may katuturan ang admin na ito bago matapos and taon....pero budget...legislative output yun..sila ang may power sa pitaka o ng porta moneda nga bansa.....pipirma na lang sya........:ohno:

At may proposed 2011 budget ba ang Malacanang? Ano naman po ang nakalagay dito?... Lagi kong naririnig sa mendiola ang mga UP students at iba pang eskwelahan, nagrarally questioning the budget cut for education...:)


( hehe... ito po ay honest question lang, wala po akong alam sa proposed budget ng Malacanang..)

yes,perhaps hee is clean but its not enough to keep the boat floating.malinis nga ang kunsensiya niya pero malinis din achivement book niya if we are to take a recap of his past being a lawmaker(he was a lawmaker but the ironyy there is he has not made any, even a single law) how can i trust him if he cant even show empressivbe track record? sa isang bangkang mababait ang sakay at wala ni isa ang marunong mag-sagwan,sa laki ng mga alon eh baka lumubog ito!!

Bai, i really like how you put those highlighted words....Nalibang tuloy ako... :cheers:

You folks are the ones who posted those 3 quarters on economy, did you even bother to observe that the decline started in 2nd quarter under Arroyo's administration. besides those are adjusted projections.

You folks? Why do you keep on lumping people together, my argument is only with you so stick with me. Stop including anyone other than me. My guess is base on my computation on the data I gathered from available sources. My assumption is plausible and I expect more because the economy is performing well and because PNoy made promises. Our expectations aren’t born out of thin air, our expectations are based on what he promised when he was campaigning. He promised to be transparent which is the easiest thing to do and yet he proclaimed a contract null and void without even showing a single thread of proof why it was deemed illegal.


Are you kidding me? I posted all those alledged accusations on Arroyo even in the executive office thread. These accussations were filed even during Arroyo's term, just like that Diwalwal miniing and Spratley island issue. Like I have mentioned before, and it's not necessarily you but those who are diehard Arroyo supporter keeps on putting Arroyo up in a pedestal and are all willing to look away on the accussations on her even during her time. For one thing, those accusations filed during Arroyo's term seems to have vanished in thin air, you could say there are no evidence surfaced but is it because she was not guilty or she have influence over it since she was still a sitting president. Surely, she can plan ahead to better conceal her bad deeds. But, what about hello garcie case? Isn't that enough fact to gauge her honesty as a president??? Talking about proof, that is one of them and a solid one because she admitted to it. Don't accuse me of spreading the rumors because all the things I have said was a general knowledge that even if you run an old media research, you can easily find it.

Given that it vanished during her term why wasn’t the incumbent government doing something about it? Is this how you want everything to be resolved? If you THINK someone is guilty of something without corroborating your claim you can put him/her in jail. That idea reaks ignorance, arrogance and stupidity to me. In the rule of law every one is presumed innocent until proven beyond reasonable doubt that he/she is guilty.

You guy's critics are the ones excessive and alot of times you guys try to glorify Arroyo as if she is to be revered. I started mentioning Arroyo when some of you keeps on comparing Arroyo and Aquino which is definitely the same. Some of you even sounded like you rather have another people's power to unseat a legal president and the fact that your accussations on mishandling the economy is lame since like I said, I have so far never heard of any hint the economy is collapsing five months after Aquino assumed the office. Yeah, he overly critisize the previous administration but can you blame him? Cory Aquino was installed in the office via people back revolution but you never hear accusations as bad as Arroyo. It's highly inusual that the same people who installed her in the office and supported her are the ones calling foul and accussing her of abusing her power and be identified as a corrupt president. What proof did you want me to give? Hell for all we knew, Arroyo pulled a Marcos tactic where even after they are not in power, they remained almost invicible and was never jailed. Maybe this is why she really run for the lower office again , to keep her influence because she knew someone will watch her back because these people benefitted from her and if they did not protect her, they would end up under scrutiny.:ohno::ohno:

You should realize that my argument doesn’t defend Arroyo but only the Process. Let us be clear I don’t care if Arroyo will be put behind bars and if she will be, let’s do it within the ambit of law. Please refrain from insinuating that I am an apologist, I only want the observance of the process however painstaking that is. That is the gauge of any society that no matter how much atrocity someone committed he will be treated humanely as prescribed by the law and that includes the principle of ‘Presumed innocent until proven guilty beyond reasonable doubt’. You should include her ‘hello garcie sorry statement’ in the complaint that you will file against her.

One more request can you show me any of my post that glorifies Gloria so at least you are right when you included me in your generalization. If you cannot provide me here at least a single proof man you are basically lying to us.

imo those who think they have enough evidence to pin down gma in whatever alleged wrong-doing should file a case and let the justice system resolve it.

now, should we move along?

Budget deficit seen to fall below P325 billion (http://www.philstar.com/Article.aspx?articleId=636519&publicationSubCategoryId=66)
MANILA, Philippines - The Aquino administration would likely be able to cap this year’s budget gap at P325 billion, according to the latest Market Call, a joint capital market research report issued by First Metro Investment Corp., the investment arm of the Metrobank Group and the University of Asia and the Pacific.

The report noted that the full-year deficit will likely fall below the P325 billion ceiling with the government tightening the noose on expenditures.

It said that with economic stimulus no longer needed, the government no longer needs to spend that much and would instead have more room to contain the budget gap within the target of P325 billion.

“Notably, the October deficit was even lower than the P19.1 billion ceiling set by the government for the month. With further fiscal stimulus no longer needed as the economy is driving faster than expected, the deficit target should be easily attained,” the report also said.

According to the government’s latest fiscal report, the budget deficit for October amounted to P10.5 billion or 63.2 percent lower compared to the same month last year as tax revenues improved while the National Government cut down its spending.

“The 10-month cumulative deficit aggregated to P270.3 billion or a mere 1.6 percent higher than the same period last year. This leaves some P55 billion of deficit to be incurred in the last two months,” the said the Market Call.

It also said that this should be easy given the October figure.

On the revenue side, total revenue reached P98.5 billion which reflected a 15.1 percent growth compared to October 2009, the Market Call also said.

This transpired as tax revenues totaled P87.1 billion, which was 17.1 percent higher. Of the amount, the Bureau of Internal Revenue (BIR) collected 15.7 percent more in October 2010 versus year-ago levels.

The Bureau of Customs (BOC), the other revenue agency collected 21.7 percent more revenues in October.

Total expenditures slowed down from P123.6 billion in September to P109.0 billion in October.

On a year-on-year perspective, this was 4.5 percent lower, according to the Market Call report.

“Excluding interest payments, expenditures were down by five percent, as the National Government sliced the remaining fat in the present budget,” it said.

As such, FMIC and UA&P concluded in its report that with this slowing deficit trend, the P325 billion target deficit for 2010 would not be capped.

imo those who think they have enough evidence to pin down gma in whatever alleged wrong-doing should file a case and let the justice system resolve it.

now, should we move along?

^^ i agree.. Let's just move forward. :):)

^^ i agree.. Let's just move forward. :):)

Agree :)

I'm sick and tired reading all those rants and baseless accusations that usually led to unintelligent and blatant arguments. Those issues are already water under the bridge. Let the bygones be bygones. It's time to bury the hatchet. Let's all move forward toward genuine progress and development :cheers:

Agree :)

I'm sick and tired reading all those rants and baseless accusations that usually led to unintelligent and blatant arguments. Those issues are already water under the bridge. Let the bygones be bygones. It's time to bury the hatchet. Let's all move forward toward genuine progress and development :cheers:

I agree. But which direction are we going forward to? Did our leader/s ever told us were we should go from here? So far, there's a lot of talk from them; most of those telling different directions!
Let's hear more from those who have appointed themselves as admin apologists!

Korea eyed for Phl food, beverage products
By Philexport News and Features (The Philippine Star) Updated December 05, 2010 12:00 AM Comments (0) View comments

MANILA, Philippines – The country’s food and beverage exporters may consider penetrating the huge Korean market with a consumer base of over 48 million.

Ann Claire Cabochan, director of the Department of Trade and Industry’s Bureau of International Trade Relations, attributed the increasing demand for processed food and beverages to Korean consumers’ changes in lifestyle and dietary culture.

“The organic market is a segment that has been developing rapidly given the increase in demand for health foods. Fruit-based products are gaining popularity; imported processed foods have great potential,” she said.

Cabochan said Korean consumers also opt for marine products, fresh and processed fruits, frozen vegetables, sauce preparations, confectionary and alcoholic beverages.

She stressed that Korea imports 70 percent of its agricultural needs.

With this, Cabochan said local businesses should take advantage of exporting these products to that market especially with the implementation of the ASEAN-Korea Free Trade Agreement (AKFTA).

As a result of the AKFTA, already more than 90 percent of normal track products traded between ASEAN, which includes the Philippines, and Korea enjoy zero duties.

Cabochan particularly cited Philippine top exports enjoying duty-free treatment to Korea, including resource and agro-based products, chemicals, metals and machinery.

Without the FTA between ASEAN and Korea, these products are subject to Most Favored Nation (MFN) rates ranging from two to 40 percent.

For his part, Kim Myoung Joon, economic counselor of Embassy of the Republic of Korea, underscored the difficulties in the utilization of AKFTA.

These include, among others, the lack of information on details of agreements and implementation; absence of understanding on the entry into force, preferential rate, rule of origin and issuing certificate of origin; the lack of information on customs law of trading country; and customs procedures problems, he said.

To improve the utilization rate, Joon listed and proposed several measures to address during the recently held ASEAN Economic Ministers-Korea consultations.

Joon said ASEAN countries and Korea suggested the need to implement expeditiously the Minor Procedural Improvement, introduce a system of self-certification of origin, and promote economic cooperation program to develop the ASEAN customs administration.

This is a bright spot. I hope we could. I'm excited if I see Maruya, Pancit Canton, or Pinakbet being served there.

We should thank the OFW's for that instead of PGMA for pumping billions of dollars in the economy to stimulate consumption as well as collection of consumption taxes (VAT).

Wala tayo sa product export at wala rin tayo sa direct investments kaya hindi apektado ekonomiya natin, kasi exported labor tayo bumabawi. :lol:


If you mean OFW (overseas Filipino workers) remittances, it is a misnomer. BSP calls it Overseas Filipino remittances, even that is a misnomer. The OF remittances come from various categories of people remitting money in to country via official channels (banking system): Filipino Overseas Workers, Balikbayan (ex-Filipinos, immigrants), expats (with Filipino spouses) or retirees.

*60% of these remittances come from North America where Filipinos are overwhelmingly are citizens, immigrants; include ex US military, American spouses (there are about 250,000 US citizens living in the country) with pensions.
*POEA stats show that the bulk of OFW deployment is to Middle East and parts of Asia, very insignificant (less than 10%) to North America
*25% of OFW's are in the merchant marine with about 20% of remittances
*10% approx of POEA deployments are in the professional, technical, high skilled employment with good wages

What does that leave you? The bulk of OFW's are low or semi skilled category, like domestic/personal support workers, service workers, doing jobs that the locals do not want to do. If there is anything that one should throw at the previous administrations is they did not study the BSP and POEA numbers closely over the years, and adjust economic policies to conform to the reality. What the admin missed is the opportunity to capture the balikbayan remittances into more meaningful investments than just for house and lot, condos or in consumer spending (in malls, restos, restaurants, traveling in the country).

As for the real OFW's, many of the remittances of the low wage earners are through door to door, the informal banking system (lower transaction fees) which is not in the radar screen. Maybe it's time to retire the myth of OFW remittances. The admin (whichever it is) should look at the different segments that contribute to these Foreign Remittances (non corporate/institutional) and create proper policies for each of these segments to maximize their contributions whether OFW or balikbayan etc. Perpetuating the myth of OFW remittances only justifies POEA's export of cheap bodies!

^^Agree with you, and up to now I still wonder why they had to change the label "OCW - overseas contract worker" to OFW? Is it a euphemism because as you mention, many contract workers are of the lower skills? Or did they make the term OFW to include expatriates and anybody abroad who is of Filipino lineage and is working?

If you can also bring the discussion and this last reply to the OFW thread, that would be great. The stats are an interesting topic to start with.

Agree :)

I'm sick and tired reading all those rants and baseless accusations that usually led to unintelligent and blatant arguments. Those issues are already water under the bridge. Let the bygones be bygones. It's time to bury the hatchet. Let's all move forward toward genuine progress and development :cheers:

its simple physics,,, if your sick and tired reading it,, then dont read it.,,hehe....thats just how simple it is.:):okay:
christmas is coming,, peace be w/u!!!:yes:

if he is sick, meron na man hospital:D
if he is tired meron namn spa:D


j/k:D

If you mean OFW (overseas Filipino workers) remittances, it is a misnomer. BSP calls it Overseas Filipino remittances, even that is a misnomer. The OF remittances come from various categories of people remitting money in to country via official channels (banking system): Filipino Overseas Workers, Balikbayan (ex-Filipinos, immigrants), expats (with Filipino spouses) or retirees.

*60% of these remittances come from North America where Filipinos are overwhelmingly are citizens, immigrants; include ex US military, American spouses (there are about 250,000 US citizens living in the country) with pensions.
*POEA stats show that the bulk of OFW deployment is to Middle East and parts of Asia, very insignificant (less than 10%) to North America
*25% of OFW's are in the merchant marine with about 20% of remittances
*10% approx of POEA deployments are in the professional, technical, high skilled employment with good wages

What does that leave you? The bulk of OFW's are low or semi skilled category, like domestic/personal support workers, service workers, doing jobs that the locals do not want to do. If there is anything that one should throw at the previous administrations is they did not study the BSP and POEA numbers closely over the years, and adjust economic policies to conform to the reality. What the admin missed is the opportunity to capture the balikbayan remittances into more meaningful investments than just for house and lot, condos or in consumer spending (in malls, restos, restaurants, traveling in the country).

As for the real OFW's, many of the remittances of the low wage earners are through door to door, the informal banking system (lower transaction fees) which is not in the radar screen. Maybe it's time to retire the myth of OFW remittances. The admin (whichever it is) should look at the different segments that contribute to these Foreign Remittances (non corporate/institutional) and create proper policies for each of these segments to maximize their contributions whether OFW or balikbayan etc. Perpetuating the myth of OFW remittances only justifies POEA's export of cheap bodies!

If I may ask from who knows the banking system. It appears that the bulk of Remittances falls on U.S. Correspondence Banks due to most transactions are based on U.S. That's the main reason why when you checked data are mostly coming from U.S. by channel.

If I may ask from who knows the banking system. It appears that the bulk of Remittances falls on U.S. Correspondence Banks due to most transactions are based on U.S. That's the main reason why when you checked data are mostly coming from U.S. by channel.

I think governments already have put in place provisions to track money trails especially if these are big amounts ("anti-laundering" laws). If our government says remittances came from the US, perhaps they are telling the truth; if not, we could be helping feed terrorists and aiding grafters transfer large amounts of money through our banking systems!

I think governments already have put in place provisions to track money trails especially if these are big amounts ("anti-laundering" laws). If our government says remittances came from the US, perhaps they are telling the truth; if not, we could be helping feed terrorists and aiding grafters transfer large amounts of money through our banking systems!

I do agree about the money trail as per money laundering aspect. But it is just a mere tracking rather than where it is being transact.

Anyway, the information is based on BSP documents itself. I have read it many times in the news as well explaining why it appears that the bulk of remittances logged in U.S. data.

http://www.iaos2006conf.ca/pdf/Ruth%20Gonzaga.pdf

under the bridge? where's justice? the reason why politicians can steal with impunity is that filipinos have collective amnesia

^^ what kind of justice are you looking for?

There is only justice when there is fair representation of facts respecting merit or demerit; honesty; fidelity; impartiality

problem with people is.. they are very impatient. always resorting to conclusions and short cuts.

is there any other kind of justice?


the problem is if the previous president is buddy-buddy with the Ombudsman and the justices, who follows her every whim by raining TRO's on the investigations. and idiots who readily forgive her just because they don't like the current president

is there any other kind of justice?


the problem is if the previous president is buddy-buddy with the Ombudsman and the justices, who follows her every whim by raining TRO's on the investigations. and idiots who readily forgive her just because they don't like the current president

Hello?... TRO is only good for 20 days.. inextendible!.. If a person is impatient, then sorry nalang you can't achieve justice!:):)

ganun? be patient, while they try to extend the date of the investigations until it fades from memory?

I agree. But which direction are we going forward to? Did our leader/s ever told us were we should go from here? So far, there's a lot of talk from them; most of those telling different directions!
Let's hear more from those who have appointed themselves as admin apologists!

sa tuwid na daan daw.....kung saan yun.....basta sa tuwid na daan.....ano ka ba....tanong ka pa.....nde mo ba naiintindihan ang tuwid na daan....:lol:

Tama yung isang poster sa taas the credit for the Economy being afloat during the crisis are the OFW's and not to GMA.

hindi rin:D

nakakatulong lang.


sige alisin mo lahat ng nagawa sa loob ng bansa, tingnan mo kung kaya buhayin ng OFWs ang Pinas.

Tama yung isang poster sa taas the credit for the Economy being afloat during the crisis are the OFW's and not to GMA.

o sya sige kay pinoy na ang credit.....:lol:

Kung walang OFW money meron parin bang 0.9% growth? Kalbongdad care to explain? :lol:

ganun? be patient, while they try to extend the date of the investigations until it fades from memory?

Then sisihin dapat doon ay yung counsel mo or sarili mong kapabayaan... pero the idea is, dapat maging patient ka in pursuing justice because its really a long process... Yung TRO of 20 days I think is not long. Its reasonable....^^

those TRO's are just tactics to delay the proceedings.

^^Agree with you, and up to now I still wonder why they had to change the label "OCW - overseas contract worker" to OFW? Is it a euphemism because as you mention, many contract workers are of the lower skills? Or did they make the term OFW to include expatriates and anybody abroad who is of Filipino lineage and is working?

If you can also bring the discussion and this last reply to the OFW thread, that would be great. The stats are an interesting topic to start with.

Thanks. I will try.

I do agree about the money trail as per money laundering aspect. But it is just a mere tracking rather than where it is being transact.

Anyway, the information is based on BSP documents itself. I have read it many times in the news as well explaining why it appears that the bulk of remittances logged in U.S. data.

http://www.iaos2006conf.ca/pdf/Ruth%20Gonzaga.pdf

I have read the same explanation from BSP. I believe it is an assumption that all USD transactions have to go through correspondent banks in the US. Needs verification. Some banks have international units, Citibank, HSBC, etc even PNB. I don't know about other Filipino banks, maybe Metrobank. US pensions can be direct deposited to local banks as well. Property and condo developers quote in USD targeted to North Americans, and payments requested through wire transfers. My wire transfers go through my banks h/o in Toronto directly to my bank 'there without going through a correspondent ÚS bank. US pensions can be direct deposited to a bank there.

It all depends through which bank these remittances are channeled. If you have a no name bank in Timbuktu and want to transfer in USD to the Philippines, for sure you will have to go through a US correspondent bank. The point of my post is that the OFW remittances number is very raw, and erroneous assumptions are made as to who are sending, where it is going. They need to refine the information to give a better picture.

GDP growth seen easing to 5.4% in 2011 (http://www.philstar.com/Article.aspx?articleId=636796&publicationSubCategoryId=66)

MANILA, Philippines - UK-based Standard Chartered Bank sees the country’s economic growth slowing down next year on the back of overheating concerns after posting a strong growth this year.

In a report, Standard Chartered Bank said the economy, as measured by gross domestic product (GDP) would grow by a slower 5.4 percent next year from the projected strong expansion of 7.2 percent this year.

“We expect the economy’s strong comeback in 2010 to carry over into 2011, eventually confronting authorities with overheating concerns,” the bank said.

The bank’s GDP forecast next year would be slower than the seven percent to eight percent target set by the Cabinet-level Development Budget Coordination Committee (DBCC). This year’s GDP growth projection of 7.2 percent is faster than the target of five percent to six percent set by the economic managers.

The country’s GDP posted a surprising growth of 7.5 percent in the first three quarters of the year from 0.5 percent in the same period last year. The GDP expansion, however, eased to 6.5 percent in the third quarter after expanding by 8.2 percent in the second quarter and 7.8 percent in the first quarter.

Standard Chartered said investment growth started to recover this year while remittances from overseas Filipino workers (OFWs) continued to drive private consumption.

“The latest data have shown renewed momentum in export growth in late 2010 as shipments to other Asian markets surge, paving the way for the trade sector to contribute to headline growth in the coming quarters,” the investment bank added.

It said the country’s inflation rate would remain benign this year despite the sharp rise in global food prices.

“We think the biggest threat to medium-term price stability arises not from external shocks but from the narrowing output gap in the domestic economy - especially if the central bank is forced to delay meaningful tightening for fear of encouraging further capital inflows into the country,” the bank said.

Meanwhile, a New York-based think-tank said the economy may grow anywhere from five percent to 5.5 percent in 2011 on expectations that dollar remittances from overseas Filipinos would remain robust.

Global Source said growth is expected at around “five to 5.5 percent next year given continued robust remittance growth, still strong corporate earnings, and high business confidence and trust in the new administration.”

This projection is within the official forecast growth range set by the interagency Development Budget Coordination Committee (DBCC) next year of five percent.

The report, co-authored by former Finance Undersecretary Romeo Bernardo also said that the low interest rate environment in the country remains conducive to growth as it would encourage banks to lend which in turn would encourage economic activities.

It noted that short-term Treasury yields have been on a freefall over the last month prompted by a credit rating upgrade from Standard & Poor’s Rating Services.

The global debt watcher raised its foreign currency sovereign credit rating on the Philippines to BB from BB-. The outlook on the ratings is stable.

The smooth presidential and national elections in May set the scene for improved political stability, S&P also said.

Global Source said growth may have already begun to moderate as fiscal stimulus injected by the government had begun to fade.

“Growth may already have begun to moderate, with seasonally-adjusted output shrinking by 0.5 percent during the third quarter from growth of 1.4 percent previously. This has been a regional trend where other Asian economies have similarly lost momentum,” Global Source said.

The think-tank had expected growth to slow down next year because of the disappearance of one-time growth drivers such as election-related spending this year.

Nevertheless, Global Source said it continues to see a 6.5 percent to seven-percent growth for this year given the 6.5-percent economic growth in the third quarter and the 7.5 percent cumulative growth for the first three quarters.

Furthermore, the think-tank said private spending contributed steadily to growth even though there had been a pullback in government consumption.

The Aquino administration expects the economy to grow anywhere from five percent to six percent this year.


*********************************
Hope we can perform better than the government's prediction.

Kung walang OFW money meron parin bang 0.9% growth? Kalbongdad care to explain? :lol:

Tama yung isang poster sa taas the credit for the Economy being afloat during the crisis are the OFW's and not to GMA.

hindi rin:D

nakakatulong lang.


sige alisin mo lahat ng nagawa sa loob ng bansa, tingnan mo kung kaya buhayin ng OFWs ang Pinas.

to keep us from GMA vs PENOY, lets put it this way....
w/o remittances,proper handling by arroyo is nothing,,
w/o proper handling by arroyo,remittances are nothing,, okss ba?
kumbaga... walang silbi ang damo kung walang kabayo, walang silbi ang kabayo kung walang damo,,ayyy mali!!! may silbi parin pala ang kabayo kahit walang damo.... SI GMA ang kabayo!!! yaheyyy!!!!!:nuts::nuts::lol::lol:

to keep us from GMA vs PENOY, lets put it this way....
w/o remittances,proper handling by arroyo is nothing,,
w/o proper handling by arroyo,remittances are nothing,, okss ba?
kumbaga... walang silbi ang damo kung walang kabayo, walang silbi ang kabayo kung walang damo,,ayyy mali!!! may silbi parin pala ang kabayo kahit walang damo.... SI GMA ang kabayo!!! yaheyyy!!!!!:nuts::nuts::lol::lol:

siya ang kabayong sumipa sa ekonomiya pataas :lol:

to keep us from GMA vs PENOY, lets put it this way....
w/o remittances,proper handling by arroyo is nothing,,
w/o proper handling by arroyo,remittances are nothing,, okss ba?
kumbaga... walang silbi ang damo kung walang kabayo, walang silbi ang kabayo kung walang damo,,ayyy mali!!! may silbi parin pala ang kabayo kahit walang damo.... SI GMA ang kabayo!!! yaheyyy!!!!!:nuts::nuts::lol::lol:

Yeah, but the horse will be sick without the grass. Get real. :nuts::lol:

Lacking of any real long term, big-ticket direct investments to generate massive employment, how can the economy run when the job market can not simply accommodate a supply of labor without exporting them in order to earn and consume?

GDP growth seen easing to 5.4% in 2011 (http://www.philstar.com/Article.aspx?articleId=636796&publicationSubCategoryId=66)

MANILA, Philippines - UK-based Standard Chartered Bank sees the country’s economic growth slowing down next year on the back of overheating concerns after posting a strong growth this year.

In a report, Standard Chartered Bank said the economy, as measured by gross domestic product (GDP) would grow by a slower 5.4 percent next year from the projected strong expansion of 7.2 percent this year.

“We expect the economy’s strong comeback in 2010 to carry over into 2011, eventually confronting authorities with overheating concerns,” the bank said.

The bank’s GDP forecast next year would be slower than the seven percent to eight percent target set by the Cabinet-level Development Budget Coordination Committee (DBCC). This year’s GDP growth projection of 7.2 percent is faster than the target of five percent to six percent set by the economic managers.

The country’s GDP posted a surprising growth of 7.5 percent in the first three quarters of the year from 0.5 percent in the same period last year. The GDP expansion, however, eased to 6.5 percent in the third quarter after expanding by 8.2 percent in the second quarter and 7.8 percent in the first quarter.

Standard Chartered said investment growth started to recover this year while remittances from overseas Filipino workers (OFWs) continued to drive private consumption.

“The latest data have shown renewed momentum in export growth in late 2010 as shipments to other Asian markets surge, paving the way for the trade sector to contribute to headline growth in the coming quarters,” the investment bank added.

It said the country’s inflation rate would remain benign this year despite the sharp rise in global food prices.

“We think the biggest threat to medium-term price stability arises not from external shocks but from the narrowing output gap in the domestic economy - especially if the central bank is forced to delay meaningful tightening for fear of encouraging further capital inflows into the country,” the bank said.

Meanwhile, a New York-based think-tank said the economy may grow anywhere from five percent to 5.5 percent in 2011 on expectations that dollar remittances from overseas Filipinos would remain robust.

Global Source said growth is expected at around “five to 5.5 percent next year given continued robust remittance growth, still strong corporate earnings, and high business confidence and trust in the new administration.”

This projection is within the official forecast growth range set by the interagency Development Budget Coordination Committee (DBCC) next year of five percent.

The report, co-authored by former Finance Undersecretary Romeo Bernardo also said that the low interest rate environment in the country remains conducive to growth as it would encourage banks to lend which in turn would encourage economic activities.

It noted that short-term Treasury yields have been on a freefall over the last month prompted by a credit rating upgrade from Standard & Poor’s Rating Services.

The global debt watcher raised its foreign currency sovereign credit rating on the Philippines to BB from BB-. The outlook on the ratings is stable.

The smooth presidential and national elections in May set the scene for improved political stability, S&P also said.

Global Source said growth may have already begun to moderate as fiscal stimulus injected by the government had begun to fade.

“Growth may already have begun to moderate, with seasonally-adjusted output shrinking by 0.5 percent during the third quarter from growth of 1.4 percent previously. This has been a regional trend where other Asian economies have similarly lost momentum,” Global Source said.

The think-tank had expected growth to slow down next year because of the disappearance of one-time growth drivers such as election-related spending this year.

Nevertheless, Global Source said it continues to see a 6.5 percent to seven-percent growth for this year given the 6.5-percent economic growth in the third quarter and the 7.5 percent cumulative growth for the first three quarters.

Furthermore, the think-tank said private spending contributed steadily to growth even though there had been a pullback in government consumption.

The Aquino administration expects the economy to grow anywhere from five percent to six percent this year.


*********************************
Hope we can perform better than the government's prediction.

wow ang ganda ng pagkakaayos ng news....at delivery.....:lol: easing easing my ass.......hindi pa sinabing down to 5.4% gdp.......uy ang ganda ng pag lamas sa balita positibo ang dating sa negatibong news.....lalo pang tataas ang satisfaction rating ni pnoy sa survey....:lol: habang pababa gdp natin....:lol:

salamat PGMA:D este p-noy:D

salamat PGMA:D este p-noy:D

amen broda....amen...:lol:

Forex reserves breach $60-B mark BSP buying dollars to temper peso rally

By Michelle Remo
Philippine Daily Inquirer
First Posted 21:25:00 12/07/2010

THE COUNTRY’S reserves of foreign currencies climbed to an all-time high, breaching the $60-billion mark in November due to the heavier-than-usual dollar buying of the central bank in its bid to stem the sharp rise of the peso.

According to the Bangko Sentral ng Pilipinas, the gross international reserves rose to $61.3 billion in end-November from the previous record high of $57.15 billion in October.

The latest reserves were up 38 percent from only $44.17 billion as of November last year. It was also enough to cover for 10.7 months’ worth of the country’s imports and six times the country’s debts maturing within the short term.

In the first trading day of November, the peso broke into the 42-to-a-dollar territory to register its highest level in two-and-a-half years.

The appreciation was credited partly to the rise in remittances sent by Filipinos abroad as they sent more money for the coming yearend holidays. It was also attributed to a surge in foreign “hot money” inflows as the bullish outlook on the Philippine and other Asian economies prompted investors to place more funds in emerging countries in the region.

While the upward pressure on the peso was fueled by optimism, this has caused discomfort among policymakers who said a currency’s sharp and sudden movement (whether appreciation or depreciation) was disruptive to businesses.

The strengthening of the local currency has alarmed some exporters since a sustained rise of the peso could eventually dampen the competitiveness of Philippine-made goods by making these products more expensive.

Traders in the foreign exchange market said the BSP had bought more dollars during the month to help ease the appreciation pressures on the peso. Without the central bank’s intervention, they said the peso could have breached the 40:$1 mark.

The BSP would not disclose the amount of dollars it had bought from the market.

In a statement, BSP Governor Amando Tetangco Jr. said dollars flowing into the country, portions of which were bought by monetary authorities, were due to rising remittances from Filipinos overseas, improved export earnings and a rise in investments by foreigners in the country’s business process outsourcing industry and in portfolio instruments.

The BSP said the foreign exchange reserves were also boosted by income from its investments offshore. The central bank’s investments are mostly in US treasuries.

The dollar-buying by the BSP is a costly activity and has elicited speculations it would cause the central bank to register a net loss this year.

However, the resulting increase in dollar liquidity of the country was hailed by the international financial community, which saw it as improving the credit-worthiness of the Philippines.

Standard & Poor’s last month raised the country’s credit-rating from three to two notches below investment grade. It cited the country’s rising GIR, which it said made investors more confident about the Philippines’ ability to pay its dollar-denominated obligations.

http://business.inquirer.net/money/topstories/view/20101207-307614/Forex-reserves-breach-60-B-mark

wow ang ganda ng pagkakaayos ng news....at delivery.....:lol: easing easing my ass.......hindi pa sinabing down to 5.4% gdp.......uy ang ganda ng pag lamas sa balita positibo ang dating sa negatibong news.....lalo pang tataas ang satisfaction rating ni pnoy sa survey....:lol: habang pababa gdp natin....:lol:

Read the article carefully, if you guys are claiming the increase in economy in 2010, that slow down is also a reflection of this increase this year, a setback that resulted on this year's increase. We would see the result of Aquinos performance in the economy at the end of 2011. If it is still down by the end of 2011 and the middle of 2012 then it would indicate poor handling except if the economic slowdown was influenced by the international crisis. OFW remittances is one of the determining factor for these since followed by continued increase in export.

House approves bill reducing VAT from 12% to 6% (http://www.philstar.com/Article.aspx?articleId=637187&publicationSubCategoryId=63)

(The Philippine Star) Updated December 08, 2010 12:00 AM Comments (0)


MANILA, Philippines - A bill seeking to reduce the value added tax (VAT) from 12 to six percent was approved at the House of Representatives yesterday.

Batangas Rep. Hermilando Mandanas, House ways and means committee chairman, said Bill 1970, which he authored, would lessen the cost of VAT and result in additional revenues for the government.

“My estimate is that additional revenues could amount to as much as P50 billion a year,” he said.

Mandanas said the incremental income would result from the elimination of deductions comprising the so-called output VAT that businessmen are entitled to claim under the present law.

“For instance, owners of malls and supermarkets are entitled to claim 12 percent of infrastructure cost, 12 percent of security cost and 12 percent of electricity as deductions,” he said.

Mandanas said under the present VAT law, the government, in some cases, ends up incurring a debt in the form of tax credits, which businessmen apply to their tax obligations.

“They are able to escape the VAT net under the present law, which allows them to pass on the tax to consumers. It is the public that pays the VAT,” he said. – Jess Diaz, Juancho Mahusay


*******************************************************
I hope this will be scrutinized by the admin. This seemed to be counterintuitive. Decreasing the VAT by as much as 50% and yet increasing the tax collection by as much 50B. If it can be done, then this is a good bill but I do hope this is not one of those populist laws. It will be disastrous to the whole economy and since the current admin wanted to reduce the GDP to Loan ratio, it wouldn't help at all if the tax collection will suffer because of this bill.

House approves bill reducing VAT from 12% to 6% (http://www.philstar.com/Article.aspx?articleId=637187&publicationSubCategoryId=63)

(The Philippine Star) Updated December 08, 2010 12:00 AM Comments (0)


MANILA, Philippines - A bill seeking to reduce the value added tax (VAT) from 12 to six percent was approved at the House of Representatives yesterday.

Batangas Rep. Hermilando Mandanas, House ways and means committee chairman, said Bill 1970, which he authored, would lessen the cost of VAT and result in additional revenues for the government.

“My estimate is that additional revenues could amount to as much as P50 billion a year,” he said.

Mandanas said the incremental income would result from the elimination of deductions comprising the so-called output VAT that businessmen are entitled to claim under the present law.

“For instance, owners of malls and supermarkets are entitled to claim 12 percent of infrastructure cost, 12 percent of security cost and 12 percent of electricity as deductions,” he said.

Mandanas said under the present VAT law, the government, in some cases, ends up incurring a debt in the form of tax credits, which businessmen apply to their tax obligations.

“They are able to escape the VAT net under the present law, which allows them to pass on the tax to consumers. It is the public that pays the VAT,” he said. – Jess Diaz, Juancho Mahusay


*******************************************************
I hope the admin will scrutinize this bill. It is seemed counterintuitive. Decreasing the vat by as much as 50% and yet increasing the tax collection by as much 50B. If it can be done, then this is a good bill but I do hope this is not one of those bills that love to be popular amongst the citizenry. It will be disastrous to the whole economy and since the current admin wanted to reduce the GDP to Loan ratio, it wouldn't help at all if the tax collection will suffer because of this bill.

^^ what??

I wonder how Mr. Paderanga would react to this...
(did I spell the name right?)

^^
Sasakit ang ulo ng mga technocrat nyan sa ginagawang batas na tulad nito. I have no idea how the bill will manage to increase the revenue while it will decreasing the VAT rate. In any case the Palace has his veto power but I really do hope the President knows about this. This is why I like the LEDAC idea during Ramos time, the Congress basically knows what the priority bills of the Ramos Admin were and they end up producing it without much hullabaloo.

RP growth to skid to 4.6% in 2011 — ADB :ohno:

The Daily Tribune
12/08/2010

East Asia will post slower growth next year due to a wobbly US recovery, the Asian Development Bank (ADB) warned yesterday, adding that greater exchange rate cooperation could help safeguard the region.

Its estimate puts Philippines growth to drastically slow to 4.6 percent after a projected 6.8 percent gross domestic product (GDP) expansion this year.

The Philippines’ economic growth in the third quarter slowed to 6.5 percent, following a robust eight percent growth in the first half, due to contraction in government spending and lower investments, the ADB said in its semi-annual Asia Economic Monitor that was released yesterday.

The fragile US economy and phasing out of economic stimulus have weakened the outlook for East Asia, with growth expected to shrink to 7.3 percent in 2011, down from 8.8 percent this year, the ADB stated.

Despite bouncing back from the global financial crisis, East Asia’s economic picture remains “highly uncertain,” the ADB said, warning that “severe economic damage caused by the Great Recession will take a long time to heal.”

“High unemployment could become entrenched and last for many years,” it added.

“Growth in productivity could also suffer as capital investment plummeted during the crisis and has not returned to pre-crisis trend growth.”

Emerging East Asia may need to erect “temporary” capital controls to battle a surge of hot money flowing into the region that risks increasing “economic distortions and lowering long-term growth prospects,” the report said.

Critics have warned that the US Federal Reserve’s $600-billion fiscal stimulus package could unleash a flood of speculative funds into the region.

With the exception of Vietnam, East Asia’s currencies have been surging in 2010, a situation that “will not help” efforts to focus on intra-regional trade in response to sagging demand in the West, said Iwan Azis, head of the ADB’s office of regional economic integration.

“The worst case scenario is that there will be a currency war and a trade war, but I don’t assign a high probability to that,” Azis told a press briefing in Hong Kong.

But without currency cooperation “intraregional trade will not be as good as it could be,” he added.

Azis said greater currency cooperation could also lower the temperature of simmering currency spats with the United States and other critics, who have accused China of artificially undervaluing the yuan to boost exports.

China’s willingness to let the yuan rise in value “will be critical,” Azis added.

“There is room for every single country (in the region), not just China, to appreciate more,” he said. He stopped short of calling for a euro-style currency union, saying that any regional cooperation “is not going to be like Europe.”

Regional inflation remained moderate, but “policymakers need to be alert to the dangers of higher inflation,” the bank said in a note Tuesday.

The main ADB report said East Asia’s emerging economies saw a “robust recovery” in 2010, with many of the region’s stock markets bouncing back sharply.

“The V-shaped recovery has certainly set its course — it’s already there,” Azis said, adding that “for 2011, we expect that (growth) will continue to be strong but it’s moderating.”

The bank’s forecast for 2010 remained below the region’s 10.4 percent economic expansion in 2007.

“After slowing sharply in 2008 and 2009, the East Asian economies recovered strongly in 2010 which has led GDP growth back closer to 2007 levels,” the report said.

Hong Kong, China, Thailand, the Philippines, Korea and Singapore are among the 14 economies analyzed in the report.

East Asia continued to lead the global recovery, with many of its economies posting “strong growth in the third quarter of 2010, driven by domestic demand,” the report said.

China’s economy expanded by 9.6 percent in the third quarter, but there were signs that growth was starting to ease, the bank said.

Singapore, the region’s fastest growing economy, moderated to 10.6 percent in the third quarter after two consecutive quarters of “rapid growth”.

I hope the estimates for the Philippines in 2011 by these global institutions are just examples of the general lack of confidence in the Philippine economy around the world. We've always had a boom and bust cycle where we never built upon strong growth and become content with short bursts of high growth. I know the administration is confident of sustaining this high growth next year (was their prediction for next year 6%?), so I would like to believe that this administration knows what it's doing. At the least, if the PPP ventures take off and large infrastructure projects are started next year, and the export sector continues its double digit growth I don't see why we can't reach 6-8% next year.

^^
Sasakit ang ulo ng mga technocrat nyan sa ginagawang batas na tulad nito. I have no idea how the bill will manage to increase the revenue while it will decreasing the VAT rate. In any case the Palace has his veto power but I really do hope the President knows about this. This is why I like the LEDAC idea during Ramos time, the Congress basically knows what the priority bills of the Ramos Admin were and they end up producing it without much hullabaloo.

Question:

is Batangas Rep. Hermilando Mandanas, House ways and means committee chairman, a member of the same Liberal Party of President Noy???
if yes, is he acting on the party's agenda or a personal one??

Is this a conflict of interest with LP's party members... is this proposal in unison with the administration's plans or is this congressman acting alone..

I'm really waiting for Mr. Paderanga's comments about this... coz from what i remember, President Aquino promised not to increase EVAT.. but never mentioned he is gonna lower it.... Is this part of LP's economic plan?? makes me even more wonder.. what really is LP's economic blueprint for the country?? :(


lots of questions... so for now.. I'm in waiting mode... wait wait wait..

wow ang ganda ng pagkakaayos ng news....at delivery.....:lol: easing easing my ass.......hindi pa sinabing down to 5.4% gdp.......uy ang ganda ng pag lamas sa balita positibo ang dating sa negatibong news.....lalo pang tataas ang satisfaction rating ni pnoy sa survey....:lol: habang pababa gdp natin....:lol:

How accurate is that assessment? We never anticipated the economy will grow by 8% this year don't we? ;)

Besides, their assessment is inline with Asia's growth trend for next year so it's not just Philippines. Anyway, nothing was cast on the stone yet.

^^ Yeah, I think he has no clue about what was said in that article what-so-ever. He didn't understand it at all.


I hope the estimates for the Philippines in 2011 by these global institutions are just examples of the general lack of confidence in the Philippine economy around the world. We've always had a boom and bust cycle where we never built upon strong growth and become content with short bursts of high growth. I know the administration is confident of sustaining this high growth next year (was their prediction for next year 6%?), so I would like to believe that this administration knows what it's doing. At the least, if the PPP ventures take off and large infrastructure projects are started next year, and the export sector continues its double digit growth I don't see why we can't reach 6-8% next year.

There are things that we have no control about, this is one good example, at this point the fragile state of the US economy has a strong influence in Asia, especially that there are US BPO firms set up in the Philippines. If private purchasing power in the US, it would be hard to expand in the Philippines since most of the clients in the Philippines are all in the US, meaning, if these buyers stopped making business and profit, where would they get their revenues from? Not only that, if the filipinos in the US started sending less remittances to the Philippines, that is 20% or so less on total OFW remittances annually, so, definitely this would have a very strong impact on the Philippine economy. I understand what you were saying though, it would be a much better reason if it is all about international confidence on Aquino administration, atleast, the Philippine panels won't have their hands tied behind their backs and watch the economy collapse right before their eyes. Scary thought.

Yeah, but the horse will be sick without the grass. Get real. :nuts::lol:

Lacking of any real long term, big-ticket direct investments to generate massive employment, how can the economy run when the job market can not simply accommodate a supply of labor without exporting them in order to earn and consume?

^^there is enough job out there waiting dude!!!... the problem is,the compatibility...:lol: atsaka wala bang big ticket direct investmants noong kay GMA?.. ang dami kaya...get real either!!!!:lol::nuts:

RP growth to skid to 4.6% in 2011 — ADB :ohno:

The Daily Tribune
12/08/2010

East Asia will post slower growth next year due to a wobbly US recovery, the Asian Development Bank (ADB) warned yesterday, adding that greater exchange rate cooperation could help safeguard the region.

Its estimate puts Philippines growth to drastically slow to 4.6 percent after a projected 6.8 percent gross domestic product (GDP) expansion this year.

The Philippines’ economic growth in the third quarter slowed to 6.5 percent, following a robust eight percent growth in the first half, due to contraction in government spending and lower investments, the ADB said in its semi-annual Asia Economic Monitor that was released yesterday.

The fragile US economy and phasing out of economic stimulus have weakened the outlook for East Asia, with growth expected to shrink to 7.3 percent in 2011, down from 8.8 percent this year, the ADB stated.

Despite bouncing back from the global financial crisis, East Asia’s economic picture remains “highly uncertain,” the ADB said, warning that “severe economic damage caused by the Great Recession will take a long time to heal.”

“High unemployment could become entrenched and last for many years,” it added.

“Growth in productivity could also suffer as capital investment plummeted during the crisis and has not returned to pre-crisis trend growth.”

Emerging East Asia may need to erect “temporary” capital controls to battle a surge of hot money flowing into the region that risks increasing “economic distortions and lowering long-term growth prospects,” the report said.

Critics have warned that the US Federal Reserve’s $600-billion fiscal stimulus package could unleash a flood of speculative funds into the region.

With the exception of Vietnam, East Asia’s currencies have been surging in 2010, a situation that “will not help” efforts to focus on intra-regional trade in response to sagging demand in the West, said Iwan Azis, head of the ADB’s office of regional economic integration.

“The worst case scenario is that there will be a currency war and a trade war, but I don’t assign a high probability to that,” Azis told a press briefing in Hong Kong.

But without currency cooperation “intraregional trade will not be as good as it could be,” he added.

Azis said greater currency cooperation could also lower the temperature of simmering currency spats with the United States and other critics, who have accused China of artificially undervaluing the yuan to boost exports.

China’s willingness to let the yuan rise in value “will be critical,” Azis added.

“There is room for every single country (in the region), not just China, to appreciate more,” he said. He stopped short of calling for a euro-style currency union, saying that any regional cooperation “is not going to be like Europe.”

Regional inflation remained moderate, but “policymakers need to be alert to the dangers of higher inflation,” the bank said in a note Tuesday.

The main ADB report said East Asia’s emerging economies saw a “robust recovery” in 2010, with many of the region’s stock markets bouncing back sharply.

“The V-shaped recovery has certainly set its course — it’s already there,” Azis said, adding that “for 2011, we expect that (growth) will continue to be strong but it’s moderating.”

The bank’s forecast for 2010 remained below the region’s 10.4 percent economic expansion in 2007.

“After slowing sharply in 2008 and 2009, the East Asian economies recovered strongly in 2010 which has led GDP growth back closer to 2007 levels,” the report said.

Hong Kong, China, Thailand, the Philippines, Korea and Singapore are among the 14 economies analyzed in the report.

East Asia continued to lead the global recovery, with many of its economies posting “strong growth in the third quarter of 2010, driven by domestic demand,” the report said.

China’s economy expanded by 9.6 percent in the third quarter, but there were signs that growth was starting to ease, the bank said.

Singapore, the region’s fastest growing economy, moderated to 10.6 percent in the third quarter after two consecutive quarters of “rapid growth”.
it is high time for this admin(aquino) to prove their worthiness in handling the economy.. at this time,,he(noy) should be seeking countermeasures para sa hindi bumagal ang paglago kahit pa sabi ng ADB na babagal... noong kasagsagan ng global recession,,pinangangambahan noon na magrecession din sa RP pero dahil sa ginawang countermeasures noon,, naisalba ang pilipinas kahit pa US ang no1 partner ng RP...:)





There are things that we have no control about, this is one good example, at this point the fragile state of the US economy has a strong influence in Asia, especially that there are US BPO firms set up in the Philippines. If private purchasing power in the US, it would be hard to expand in the Philippines since most of the clients in the Philippines are all in the US, meaning, if these buyers stopped making business and profit, where would they get their revenues from? Not only that, if the filipinos in the US started sending less remittances to the Philippines, that is 20% or so less on total OFW remittances annually, so, definitely this would have a very strong impact on the Philippine economy. I understand what you were saying though, it would be a much better reason if it is all about international confidence on Aquino administration, atleast, the Philippine panels won't have their hands tied behind their backs and watch the economy collapse right before their eyes. Scary thought.

its not an excuse,,, again,, at least paganahin man lang nila ang brain neurons nila(aquino and cabinet).. not because the ADB projected a slow growth...ehhh they will leave it that way nalang(aquino admin)....i hope :ohno::ohno:not...:ohno::ohno:

Auto sales seen slowing in 2011 :ohno:

Business Insight - Malaya
December 8, 2010

Growth of vehicle sales is expected to slow to 5 percent in 2011 after a record breaking year in 2010.

This is the working target set by the industry as it awaits yearend numbers, according to Arthur Balmadrid, senior vice president of Isuzu Philippines Corp.

Balmadrid said members of the Chamber of Automotive Manufacturers of the Philippines Inc. (Campi) and the Truck Manufacturers Association were asked to submit their individual targets for next year.

Vehicle sales are seen breaking their 1997 level of 162,000 units this year. In the first 10 months, sales reached 141,218 units.

This was a 33 percent growth from 106,146 units in the same period in 2009.

This was on top of the 6.4 percent growth posted in 2009 despite a crisis year. Also in 2009, the industry surpassed its forecast of 4 percent with total sales reaching 132,244.

With a high base, growth is seen tapering off to a modest level.

November sales are expected to be released today.

Balmadrid said Isuzu is echoing industry forecast in 2011 as it expects 5 percent growth as well.

Isuzu sales this year are poised to hit 11,000 units, a 19 percent increase from 9,213 units last year.

Isuzu’s growth, although slower than the industry’s, is still impressive since it has no small sports utility vehicle, passenger car and van models where growth is bigger on a per segment basis.

Isuzu produces the Crosswind Asian utility vehicle, the DMAX pick-up as well as light trucks. It also distributes Alterra full-sized van imported completely built-up from Thailand.

NFA rice up by P2 a kilo :ohno:

Business Insight - Malaya
BY ANGELA B. LOPEZ DE LEON
December 8, 2010

The National Food Authority (NFA) yesterday increased its wholesale price for rice from P23.50 to P25 per kilogram.

This results to an increase in the retail price to P27 from P25 per kilo.

"The move is among the measures government is undertaking to ensure the viability of the agency and continue fulfilling its mandate of supporting farmers to produce enough for self-sufficiency," NFA said.

"We are looking at the long term viability of NFA. The minimal price increase will go a long way in ensuring continuous support for our farmers while stabilizing rice prices and supply availability," added NFA administrator Angelito T. Banayo.

Banayo said the price increase, coupled with efficient operations and measures to prevent corruption, will allow NFA to stabilize supply for food security.

"If we do not take corrective reform measures, NFA may have to cease operations and there will be no more support for farmers," the Banayo said.

"Konting sakripisyo lang, dahil kung hindi natin isasagawa ang ganito, aabutin ng bansa ang matinding kakulangan sa bigas, at lalong hindi natin mapipigilang sumipa ang presyo," he added.

Militant groups lashed out at the move of the NFA to increase the price of government rice.

In a joint statement, the militant farmers group Kilusang Magbubukid ng Pilipinas (KMP) and the activist fisherfolk group Pambansang Lakas ng Kilusang Mamamalakaya ng Pilipinas (Pamalakaya) said that Banayo was wrong in claiming that the NFA price hike on rice was to help small rice farmers increase their income.

"The P2 per kilo increase in the price of the NFA rice is not in the interest of the Filipino farmers. Banayo just used the name of farmers to justify the increase in the price of rice," said Antonio Flores, KMP spokesperson.

"The real score is that NFA wants to earn big profits like a private firm engaged in wholesale and retail sale of rice," he added.

Flores said the NFA Council should immediately recall the order of raising the price of rice and instead roll back the price of rice to not more than P15 per kilogram.

"The NFA can still buy the palay of farmers at P15 to P17 per kilo and sell NFA rice at a subsidized price of P14 per kilo. That’s public service and that is in the national interest of the Filipino people," he said.

Instead of the price hike, KMP and Pamalakaya also recommended the transfer of the P21 billion awarded to the Department of Social Welfare and Development (DSWD) for the conditional cash transfer (CCT) to the NFA so it could increase its palay buying capacity to at least 10 percent and restore back P14 a kilo price.

Citing a recent study made by IBON Foundation, Inc., the two groups said the P21 billion allocated for the CCT would benefit around 289,333 rice farmers if spent on NFA palay procurement at the price of P15/kg with an average harvest of 100 cavans per hectare per rice farmer.

They said this move would help farmers earn gross sales of about P75,000 in one harvest season.

"If spent on capital subsidies for farmers, it could have benefited some 868,000 to 1.1 million rice farmers, raising their incomes from nothing to as much as P257 a day," the groups added.

^^its not an excuse,,, again,, at least paganahin man lang nila ang brain neurons nila(aquino and cabinet).. not because the ADB projected a slow growth...ehhh they will leave it that way nalang(aquino admin)....i hope :ohno::ohno:not...:ohno::ohno:
Well like I said, the fragile economy of the US would have impact on the country since all of these BPOs are owned by the Americans, which means their customers are americans as well, if the americans stop buying, how can the BPO flourish even more in the Philippines? I don't think there is any amount of neurons in one's brain can resolve the issue in the Philippines, since the Philippines still has no strong import industry. Meaning if the company owners of BPO folded because of loss and lack of revenue, then the jobs in the Philippines for BPO workers would disappear. It is inevitable to experience slowdown in economy.


Sige nga? Give us your best shot on how the government can produce more dollar revenue with the absence of strong export industry and rely mostly on OFW remittances? At the same time, give us the best scenario you can use when BPOs in the Philippines started getting weak. Lets Pretend you're Gloria Arroyo who is still running the Country and is in the middle of this Global Crisis.

Well like I said, the fragile economy of the US would have impact on the country since all of these BPOs are owned by the Americans, which means their customers are americans as well, if the americans stop buying, how can the BPO flourish even more in the Philippines? I don't think there is any amount of neurons in one's brain can resolve the issue in the Philippines, since the Philippines still has no strong import industry. Meaning if the company owners of BPO folded because of loss and lack of revenue, then the jobs in the Philippines for BPO workers would disappear. It is inevitable to experience slowdown in economy.


Sige nga? Give us your best shot on how the government can produce more dollar revenue with the absence of strong export industry and rely mostly on OFW remittances? At the same time, give us the best scenario you can use when BPOs in the Philippines started getting weak. Lets Pretend you're Gloria Arroyo who is still running the Country and is in the middle of this Global Crisis.
ngayun ko lang nalaman na dependent pala tayo sa BPO,, tama ba?
you pressumed im gloria arroyo??? well im not!!! i am but a 17 yearold(turning 18) second year college student with no economic background and im not asshamed of telling you that i have no guts in thinking of better ways for this country. what i have been saying is that noy should run this country according to what he keeps on blabbering that ones he took office, there will be no more poverty,no more corruption and so on and so forth, but it seems noy is one of those politicians out there fooling the fool filipinos.

i was not acting here as if i know better!!! i was just asking from noy what are his concrete plans for this country(long term) because so far, i could not see any!!! okay, so the BPO industry today is weakening pala?? kaya ba they are expanding in the philippines/cebu, ganun ba? and one thing,,sinabi ko ba na lets rely further on the remittances? i cant help but compare this admin to the previous admin because thats what they have been doing so(noy and his admin) kung may mali, ipinapahid kay arroyo,, hayyy.. alam mo bang may pangambang baka magka rice shortage tayu sa kabila nang sinabi nila noon na sobrasobra na raw ang bigas dito to the extant na nabubulok na raw?? now what? ipinahid na naman ni lacierda ang sisi kay GMA:ohno:

-dp-

^^there is enough job out there waiting dude!!!... the problem is,the compatibility...:lol: atsaka wala bang big ticket direct investmants noong kay GMA?.. ang dami kaya...get real either!!!!:lol::nuts:

Uhuh, let's see, try to pull 10 million overseas workers abroad and provide them jobs in the Philippines. Considering that the country is experiencing above 5% unemployment rate with 20% underemployment. ;)

^^trabaho na ni noynoy yan:):lol:

Pababa nang pababa, pababa nang pababa....hehehe.. napapasayaw na lang ako.

Even PGMA is very supportive of PPP of this Aquino Administration. So let's support na lang. Walang options kundi magtulungtulungan na lang tayo para umabante na...

^^trabaho na ni noynoy yan:):lol:

If the investors and creditors are confident in his administration, why not? They will bring more jobs one way or another. It will flow naturally. I am pretty much confident that his administration can take the country farther than what the previous administrations did - not through development, but through a change in culture.

In fact, I'm not expecting any big ticket projects in his administration - we just needed to clean up the heaps and mounds of corruption and bad bureaucracy that the Philippine political tradition kept piling up from one generation to next so whoever sits after 6 years will finally focus on economic development. Consider ourselves lucky because Erap did not become our president again.

Welcome to Thread 18! :cheers:

Keep posting forumers :okay:

Link to Thread 17 (http://www.skyscrapercity.com/showthread.php?t=97155&page=721)

nak nam putsa.....eh matagal na talaga tayo tulong ng tulong eh sa anak naman ng ewan....eh sa wala tayong mahita sa namumuno ngayon....step 1 palpak step2 palpak step 3 palpak hanggang ilang steps pa ba ang hihintayin natin ang kaya nating tiisin.....ngayon dagdag problema na itong china nagsimula ng kumilos sa spratly.....malamang diversionary tactic nila ito para maiwas sa focus sa korean peninsula.....tapos heto ang malakanyang...kaliwat kanan na kapalpakan.....ano ba yan....:ohno:

:lol::lol:yehey.....approval rating ni pnoy 79%

tumaas na ang gas prices.....ang bigas na NFA tumaas na....ang tangke ng lpg 700+ na ang economic gdp 6.5 bumagal pa....wow ang daming achievement ni pnoy.....lalong love na love sya na mga tao ngayon....:lol:

:cheers:

siguro pag tumaas pa ang pamasahe sa jeep, bus at lrt....malamang umabot pa ang rating ni pnoy sa 90% :lol:

lalo na pag naka date na sya ng babaeng tao:D

siguro pag tumaas pa ang pamasahe sa jeep, bus at lrt....malamang umabot pa ang rating ni pnoy sa 90% :lol:

kasi naman kasalanan na naman ni GMA yan kapag tumaas na naman ang pamasahe... :lol:

kayo talaga wala na kayong ginawa kundi pag tripan ang atin pang gulo este pangulo....:lol:

ADB's economic upgrade pushes Philippine shares higher
December 8, 2010, 5:47pm

MANILA, Philippines (Xinhua) - The Philippine market climbed 0.55 percent higher Wednesday as investors become more confident about the economic prospect of the country following the Asian Development Bank's (ADB) latest upgrade.

The bellwether Philippine Stock Exchange index added 23.17 points to 4,221.09, while the broader all-share index added 0.77 percent or 22.45 points to 2,914.62. Trading volume reached 1.32 billion shares worth 7.81 billion pesos (178.3 million U.S. dollars) with 79 issues advancing, 50 advancing and 48 were unchanged.

All six counters closed higher, led by the industrial sector which added 1.15 percent or 81.06 points to 7,094.76. "The local market found (a reason to rebound)encouraged by improving conditions in areas that have worried investors recently, " analyst Justino Calaycay of Accord Capital Equities Corp. said. This made investors braver, staving off the presence of profit takers who entered the local equities during mid-trading. Among the issues which boosted investors' confidence include the twin positive developments of the extended U.S. tax cuts and Ireland's austerity budget, Calaycay said. Domestically, while November's inflation climbed by 0.2 percentage points to 3 percent, the 11-month average remains at 3. 8 percent or near the lower end of the 3.5 percent to 5.5 percent year-end goal. "And even if it exceeds earlier forecasts, the (local central bank) is confident it does not require an alteration of the full- year targets, nor does it threaten the central bank's policy stance of monetary accommodation," Calaycay said. The upgrade of the multilateral lender's gross domestic product (GDP) outlook for the country was also a welcome news for investors who are looking for more reasons to enter the equities.

The Manila-based ADB revised its GDP outlook for the Southeast Asian country to 6.8 percent from its previous forecast of 6.2 percent, following a similar adjustments recognizing the pace of growth in the East Asia region. "Investors are expected to remain upbeat as money flow to the equity market remains net inflows especially for the foreign investors," DBP-Daiwa Securities said separately. Most stocks in the 30-company index closed higher. These issues include Megaworld Corp., Ayala Corp. and San Miguel Corp.


http://www.mb.com.ph/articles/291687/adbs-economic-upgrade-pushes-philippine-shares-higher

goodah!

First Philippine city gets S and P credit rating
Standard and Poor's said Tuesday it had assigned a credit rating to the Philippine city of Naga, a first for any local government unit in the cash-strapped country.

The central city of Naga was given a "BB minus" rating, one rung below the "BB" classification of the national government's foreign currency-denominated debt papers, said Standard and Poor's credit analyst YeeFarn Phua.

The rating "reflects the very weak intergovernmental system under which the city operates," Phua said. "We also took into account the city's narrow tax base stemming from a low-income local economy, and the administration's lack of institutionalised policies."

The Philippine national government is among the most active bond issuers in Asia, but as yet no Philippine cities or provincial governments issue their own bonds.

The rating gives the city of 140,000 people, which relies mainly on small-scale trade and retail, a measure of credibility when borrowing money to fund its projects.

Phua said it was the first time Standard and Poor's had assigned a rating to either a local or regional government in the Philippines.

The national government expects its budget deficit to soar to 325 billion pesos (7.43 billion dollars) this year.

President Benigno Aquino is wooing foreign companies to invest in more than three billion dollars' worth of projects set to be auctioned off next year.http://news.ph.msn.com/regional/article.aspx?cp-documentid=4506722

kayo talaga wala na kayong ginawa kundi pag tripan ang atin pang gulo este pangulo....:lol:

^^......filipino mentality alwayz....... Presidente nlang ang may laging kasalanan sa lahat ng mga hinding mabuting ng.yayari sa ating bansa ...... :bash::bash:

^^......filipino mentality alwayz....... Presidente nlang ang may laging kasalanan sa lahat ng mga hinding mabuting ng.yayari sa ating bansa ...... :bash::bash:

akuin na lang natin....para tayo na may kasalanan....:lol:

akuin na lang natin....para tayo na may kasalanan....:lol:

^^hehehe hindi naman tama kung ang presidente ang may laging kasalanan ..... may batas naman hindi naman natin sinusunod, kagaya sa pagtawid ng tamng tawiran, yung iba doon pah tatawid sa maling tawiran at kung may mng.yaring masama sa kanila pah ipinupokol...... sadly but true..... IMO ku lng

^^hehehe hindi naman tama kung ang presidente ang may laging kasalanan ..... may batas naman hindi naman natin sinusunod, kagaya sa pagtawid ng tamng tawiran, yung iba doon pah tatawid sa maling tawiran at kung may mng.yaring masama sa kanila pah ipinupokol...... sadly but true..... IMO ku lng

kaya nga akuin na lang natin....ang ating share ng kasalanan.....tapos tuloy batikos sa lider....:lol:

^^ bisaya ka bai?? ... nice meeting you:) .... hehehe ana jud nah ..... walay perpektong lider na mka.balanse sa atng nasud kung mg.padayon tah sa atng sayup na binuhatan.... likewise singapore did so much great democratic balance that aspires other asian nations..... #1 example kung bakit mayaman ang singapore its because of there strict discipline,,,, i remember LEE KUAN YEW in his speeches " if you want democracy go to manila and do whatever you want" .... parang nakakahiya ..... :( ....

^^ bisaya ka bai?? ... nice meeting you:) .... hehehe ana jud nah ..... walay perpektong lider na mka.balanse sa atng nasud kung mg.padayon tah sa atng sayup na binuhatan.... likewise singapore did so much great democratic balance that aspires other asian nations..... #1 example kung bakit mayaman ang singapore its because of there strict discipline,,,, i remember LEE KUAN YEW in his speeches " if you want democracy go to manila and do whatever you want" .... parang nakakahiya ..... :( ....

totoo yun.....kasi iba ang pinahahalagahan natin.....ang freedom kaya kahit gutom o naglilimahid sa dungis.....sige ra basta naay freedom.....:lol:

TRO vs toll VAT stays - Supreme Court (http://www.philstar.com/Article.aspx?articleId=637527&publicationSubCategoryId=63)

By Edu Punay (The Philippine Star) Updated December 09, 2010 12:00 AM Comments (0)


MANILA, Philippines - The Supreme Court (SC) has junked the bid of the government to proceed with the planned toll increase at the North Luzon and South Luzon expressways due to the collection of a 12-percent value-added tax (VAT).

In a resolution released yesterday, the SC did not grant a motion of the Department of Finance (DOF) and the Bureau of Internal Revenue (BIR) seeking to lift the temporary restraining order (TRO) the Court issued on the toll hike in the North Luzon Expressway (NLEX) and the South Luzon Expressway (SLEX) and other major superhighways last August.

Instead, the SC resolved to “give due course” to the petition questioning the constitutionality of the VAT on toll jointly filed by former Nueva Ecija Rep. Renato Diaz and former Assistant Secretary Aurora Maria Timbol of the Department of Trade and Industry.

The SC did not lift the TRO after considering “allegations, issues and arguments” in the petition of Diaz and Timbol and in the comment filed by respondents Finance Secretary Cesar Purisima and BIR Commissioner Kim Jacinto-Henares.

The Court also required the parties to submit their respective memoranda expounding their positions within a non-extendible period of 10 days from receipt of notice before submitting the case for resolution.

In their petition filed last August, Diaz and Timbol argued that the imposition of VAT on toll is unconstitutional and can be considered as an “invasion of legislative powers.”

They also stressed that toll rates are not included in the sale or exchange of services under Republic Act (RA) 8424 or the Comprehensive Tax Reform Act of 1997 and whether or not it is covered by RA 7716, otherwise known as the Expanded VAT Law.


**********************************************************
San pupulutin ang PPP nito kung ganito palagi ang kalakaran sa pagbi-business sa atin. Gusto ng maayos na daan pero ayaw magbayad. Hanep talaga ang mga Filipino oo. At kay PNoy pakitingnan mo naman ang legal team mo kaliwa't kanan na ang pagiging walang silbi sa loob ng korte eh. Laging nabubutasan sa kung ano ang sinasabi sa batas.

wow....mukhang walang magawa executive....mumukhang lampa sa SC would not happen in the past admins....laki ngisi siguro ni little evil gloria...baka isang araw gising pnoy may impeachment an sya....

^^small but terrible jud bai....... :D

^^ May impact pala ang trapik sa Ph GDP...

IBM Smarter Cities challenge hits Manila

Business Insight - Malaya
December 8, 2010

How much time is wasted in traffic by a resident of Caloocan to go to work everyday in Makati or a Quezon City employee going home to Muntinlupa or Cavite? How can Metro Manila avoid a looming water shortage?

With the ever increasing use of technology to provide solutions to the complex challenges of urbanization, government officials, academe and the business sector gathered for the IBM Smarter Cities summit to promote the use of intelligent solutions for the Philippines.

At the summit, key officials and participants came together to discuss the opportunities brought about by the rapid level of globalization and urbanization. IBM officials and guest speakers led the discussions on how Information Technology was used in cities around the world to improve the different city sectors.

The urban cities are key to a country’s economic activity and growth and as such, the Smarter Cities program can boost productivity levels in urban areas as well as enhance the quality of life for its citizens.

IBM’s Smarter Cities is a three-year $50 million grant program designed to help 100 cities, competitively selected, to gain access to the technology and problem solving capacity to address the challenge and opportunity of making themselves smarter.

The program treats the cities as an ecosystem composed of multiple subsystems, namely, government services, transportation, public safety, telecommunication, healthcare and energy and utility.

Each subsystem would have a fully-independent system, yet remain interconnected in a mutually-influencing and synergistic network. The process is similar to installing a city with a nervous system that would facilitate commands, decisions, real-time response and collaboration with and among different government agencies and systems.

This would result in rational resource spending, a clearer picture that would help choose the best administrative decisions regarding city development and management and emergencies are predicted as soon as possible while disaster management teams can be deployed in the shortest possible time.

The case studies done showed a remarkable increase in efficiency, ease of use and overall performance in their respective fields.

In Madrid, Spain, the integrated emergency response center implementation saw a 30 percent drop in response time and a 15 percent decrease in crime rate.

In the Xicheng District in Beijing, China, a streamlined and centralized healthcare data delivery system reduced public health risk and improved patient care with each patient’s complete medical records easily accessible by different medical practitioners and establishments.

In Albuquerque, Canada, an automated data collection and distribution system allows government service offices to supply critical and time-sensitive information to its 750,000 residents through its own extranet.

When asked regarding the feasibility, IBM chief technologist Lope Doromal said "it is completely replicable in developing countries. However, there should be both a short-term solution as well as a long-term comprehensive planning to be able to use the program to its full capabilities."

He cited the traffic congestion in Metro Manila as a prime example of a sector that could benefit from the Smarter Cities Program. At present, traffic congestion in the Philippines costs 4 percent of the country’s GDP. An integrated traffic direction and control system similar to the one implemented in Singapore would cut down the congestion cost as well as increase productivity of individuals.

The technological limitations in the past were the main hindrance in previous city development projects.

However, due to the advent of cloud computing, the Internet of Things – a self-configuring networked interconnection of everyday objects via the use of RFIDs - business analysis optimization, and other information technologies, in the near future, the physical, information, social and commercial infrastructures of cities can be interconnected to form an information superstructure that bridges the gaps between geographical areas and subsystems. - Antonio de los Reyes

Originally posted by jimPUNKZ

ngayun ko lang nalaman na dependent pala tayo sa BPO,, tama ba?
you pressumed im gloria arroyo??? well im not!!! i am but a 17 yearold(turning 18) second year college student with no economic background and im not asshamed of telling you that i have no guts in thinking of better ways for this country. what i have been saying is that noy should run this country according to what he keeps on blabbering that ones he took office, there will be no more poverty,no more corruption and so on and so forth, but it seems noy is one of those politicians out there fooling the fool filipinos.

i was not acting here as if i know better!!! i was just asking from noy what are his concrete plans for this country(long term) because so far, i could not see any!!! okay, so the BPO industry today is weakening pala?? kaya ba they are expanding in the philippines/cebu, ganun ba? and one thing,,sinabi ko ba na lets rely further on the remittances? i cant help but compare this admin to the previous admin because thats what they have been doing so(noy and his admin) kung may mali, ipinapahid kay arroyo,, hayyy.. alam mo bang may pangambang baka magka rice shortage tayu sa kabila nang sinabi nila noon na sobrasobra na raw ang bigas dito to the extant na nabubulok na raw?? now what? ipinahid na naman ni lacierda ang sisi kay GMA


Considering that most investments during Arroyo adminstration were from BPO companies which are mostly customer service and help support system, it has been exportation of manpower is the main core for the country's economy. What should Arroyo have done aside from inviting these BPOs into the country, she should of supported and gave importance to development and improvement of industry where the country would be able to export heavily because these would generate more jobs. More jobs means the salaries of average filipinos and the wealthy filipinos would be taxed properly. This way, the country would be more self reliant and not dependent mostly with the United States. Once the American consumer has very weak buying power, it will weaken the BPO industry in the Philippines especially if the value of Peso would increase that it would weaken the value of the US dollar. This will not only discourage the American BPO owner to expand in the Philippines, they would start looking for other option which is through countries where they can cut down capital expenses . Salaries and system operations considered as capital expenditure. Countries like India, Sri Lanka and Bangadesh, perhaps, other asian countries would be a lucrative option for the US. I know Timex and some US corporations set up their manufacturing companies into Cebu around the EPZA area but who are their distributors once they sent all their products back into the US? it's mostly the American consumers.


Mouthy individuals might be annoying sometimes but if we see that they are doing their jobs and still can keep the economy operational and improving, it is still good to the country and its people. Why would some of us want Aquino out of the office when he is still keeping the Philippine economy floating by inviting more and more investors into the country (which I am hoping he would really support the development of local industries) and continuous support from the International community. I know he is sounding like a "babaeng palenkera sa palengke" but as long as he is productive, the filipinos would still be in good hands. Arroyo may have appeared to be more workaholic than Noynoy but being workaholic does not really mean they are efficient, effective and honest.

Noynoy did promised corrupt free government and easing out poverty but that does not happen overnight, not even in 3 or 5 years time. What you are annoyed about is that Aquino always attack Arroyo somehow he has good points even if his attacks usually make him put his own foot into his mouth.


As far as rice shortage and high price is concern, I believe I posted an article about these in previous chapter. We can't really blame Aquino administration on these because of what happened in thailand and that the price of rice is not at all exclusive to the Philippines but worldwide.

An integrated traffic direction and control system similar to the one implemented in Singapore would cut down the congestion cost as well as increase productivity of individuals.

HOW I WISH!!!!

definitely stress from traffic, affects an employees performance at work. i know that for sure!!

^^There was this SCATS traffic system (patterned after Sydney) that was supposed to be implemented many years ago. I wonder who has details of why it never took off. Obviously due to corruption and incompetence.

Considering that most investments during Arroyo adminstration were from BPO companies which are mostly customer service and help support system, it has been exportation of manpower is the main core for the country's economy. What should Arroyo have done aside from inviting these BPOs into the country, she should of supported and gave importance to development and improvement of industry where the country would be able to export heavily because these would generate more jobs. More jobs means the salaries of average filipinos and the wealthy filipinos would be taxed properly. This way, the country would be more self reliant and not dependent mostly with the United States. Once the American consumer has very weak buying power, it will weaken the BPO industry in the Philippines especially if the value of Peso would increase that it would weaken the value of the US dollar. This will not only discourage the American BPO owner to expand in the Philippines, they would start looking for other option which is through countries where they can cut down capital expenses . Salaries and system operations considered as capital expenditure. Countries like India, Sri Lanka and Bangadesh, perhaps, other asian countries would be a lucrative option for the US. I know Timex and some US corporations set up their manufacturing companies into Cebu around the EPZA area but who are their distributors once they sent all their products back into the US? it's mostly the American consumers.


Mouthy individuals might be annoying sometimes but if we see that they are doing their jobs and still can keep the economy operational and improving, it is still good to the country and its people. Why would some of us want Aquino out of the office when he is still keeping the Philippine economy floating by inviting more and more investors into the country (which I am hoping he would really support the development of local industries) and continuous support from the International community. I know he is sounding like a "babaeng palenkera sa palengke" but as long as he is productive, the filipinos would still be in good hands. Arroyo may have appeared to be more workaholic than Noynoy but being workaholic does not really mean they are efficient, effective and honest.

Noynoy did promised corrupt free government and easing out poverty but that does not happen overnight, not even in 3 or 5 years time. What you are annoyed about is that Aquino always attack Arroyo somehow he has good points even if his attacks usually make him put his own foot into his mouth.


As far as rice shortage and high price is concern, I believe I posted an article about these in previous chapter. We can't really blame Aquino administration on these because of what happened in thailand and that the price of rice is not at all exclusive to the Philippines but worldwide.

floating ba yun....eh mukhang sinking eh......we don't wanna float we want to fly.....and fly high.....:lol:

^^There was this SCATS traffic system (patterned after Sydney) that was supposed to be implemented many years ago. I wonder who has details of why it never took off. Obviously due to corruption and incompetence.

If I remember right, the winning bidder of the Cebu City electronic traffic signal control system, AWA (Amalgamated Wireless Australia) tried to participate in the Metro Manila project. From what I've read in the papers long time ago, na-politika daw and withdrew from the bidding. Considering that Cebu City has a denser car to road ratio (more cars compared with lesser roads), AWA system did what manual traffic control cannot; automatic control of traffic lights based on occupancy sensors embedded on road intersections! Maybe, it's just a different world in Manila, IMO.

Business-friendly cities tagged by IFC, World Bank

IT IS EASIEST to launch a business in General Santos, get construction permits in Davao City and register property in Valenzuela, a new International Finance Corp. (IFC) and World Bank report showed.

Released yesterday, the Doing Business in the Philippines 2011 report looked at the number of procedures, time and costs involved in starting and operating a business in 25 Philippine cities, expanding a 2008 edition that analyzed 21 localities based on three main indicators.

Reports of this kind, the IFC and World Bank said, function "as a kind of cholesterol test for the regulatory environment for domestic businesses." It is also timely for the Philippines, the two institutions said, as studies from other countries "suggest that 85% of business reforms occur in the first 15 months of a new administration."

Philippine cities, according to the report, "actively reformed" business regulations over the past two and a half years, but it also noted that several of 2008’s top rankers had been overtaken; it said that aside from regulatory improvements, new entrants may have also been a factor.

No single city did well with respect to the three indicators. Davao, for example, while first in construction permits and second in terms of the ease of starting a business, was near bottom (20th) with respect to registering property.

General Santos, meanwhile, which added to its first place start-up showing with a third in the construction permit indicator, was last in terms of the ease of registering property.

A factor in the variation, the report said, is the national government’s more prominent role in property registration requirements, while local governments are more involved in the start-up and construction phases.

Only Taguig and Valenzuela consistently ranked in the top seven among all three indicators. Taguig was third in terms of business start-up, second in construction permits and sixth in property registration, while Valenzuela, in the same indicator order, was fourth, sixth and first.

With two last places, in business start-up and construction permits, the worst-performing city was San Juan.

Tracking the performance of the 21 cities included in the 2008 report, the IFC and World Bank said 65% had positive reforms in at least one of the indicators.

"For starting a business, Davao City, Valenzuela and Pasay posted remarkable improvements," the report stated.

Being tagged as first in any of the three main indicators does not mean the city performed best in terms of more detailed criteria. By procedures involved in business start-up alone, Cebu and Manila had the fewest at 15 while Pasig had the most (22); General Santos was tops in time -- entrepreneurs needed just 22 days to start a business -- and cost (15.3%), measured as a percentage of income per capita.

Setting up a business would take the longest, at 56 days, in Iloilo. Cost-wise, the most expensive was Makati (36%).

The report’s general recommendations with respect to the ease of starting a business indicator were the simplification of local business permit requirements, creation of one-stop shops at local and national levels, elimination of receipt/book registration at the tax bureau, and improving transparency.

In terms of construction permits, meanwhile, Taguig had the least number of procedures (25) while Cebu and Pasig had the most (36). Approvals were quickest in Zamboanga (46 days) and took the longest in Manila (169 days). Cost-wise, the most expensive (as a percentage of income per capita) was Iloilo (1,035.3%) while the cheapest was Davao (94.2%).

For this indicator, the report recommended that Philippine cities introduce risk-based approvals, improve inspection efficiency and increase transparency.

The number of procedures required to register property, meanwhile, did not vary much across all cities (eight to nine). The time required, however, ranged from just 22 days in Mandaluyong to 81 days in Cagayan de Oro. Costs, as a percentage of property value, were highest in Zamboanga (5.8%) and lowest in Mandaue (3.3%).

What needs to be done with respect to this indicator, the report said, is the conversion of stamp, transfer taxes and notary fees to fixed fees; introduction of fast-track procedures; standardizing requirements at the register of deeds and Land Registration Authority (LRA); completion of the LRA’s computerization project and monitoring of performance; and reviewing the tax bureau’s protocols with agent banks to address payment notification delays.

Trade Secretary Gregory L. Domingo, who attended the report’s launch, said it showed positive local response to the national government’s efforts to eliminate red tape.

Mr. Domingo cited the Aquino administration’s plan to launch the Philippine Business Registry which would allow the online filing of applications for business registration, permits and dissolution.
|


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:lol::lol:yehey.....approval rating ni pnoy 79%

tumaas na ang gas prices.....ang bigas na NFA tumaas na....ang tangke ng lpg 700+ na ang economic gdp 6.5 bumagal pa....wow ang daming achievement ni pnoy.....lalong love na love sya na mga tao ngayon....:lol:

^^:banana::banana:pati yung Christmas bonus kinaltasan yung iba walang pang noche buena ..... :banana::banana: ...... GOOODDDD joobbbb PENOY......:nuts::nuts::nuts::nuts:

It's funny to think that the more unpopular a president is the more progress is made :nuts:.

^^

yeah, like making the Philippines the most dangerous country for journalists, and as one of the most corrupt countries in the world. we have the past admin to thank for it

^^:banana::banana:pati yung Christmas bonus kinaltasan yung iba walang pang noche buena ..... :banana::banana: ...... GOOODDDD joobbbb PENOY......:nuts::nuts::nuts::nuts:

in case you dont know, matagal nang taxable ang 13th month pay

It's funny to think that the more unpopular a president is the more progress is made :nuts:.

sorry,your assumption is also funny.:lol::)

^^

yeah, like making the Philippines the most dangerous country for journalists, and as one of the most corrupt countries in the world. we have the past admin to thank for it

why are you always bringing up suck issues???? well its noys time na plantsahin ang mga gusot kuno ni gloria!:lol: get rid of the past.... move on... past is past... you cant do anything about it!!! ang bantayan mo ay ngayun kasi nakasalalay tayo sa kasalukuyan.....:lol::nuts:

Considering that most investments during Arroyo adminstration were from BPO companies which are mostly customer service and help support system, it has been exportation of manpower is the main core for the country's economy. What should Arroyo have done aside from inviting these BPOs into the country, she should of supported and gave importance to development and improvement of industry where the country would be able to export heavily because these would generate more jobs. More jobs means the salaries of average filipinos and the wealthy filipinos would be taxed properly. This way, the country would be more self reliant and not dependent mostly with the United States. Once the American consumer has very weak buying power, it will weaken the BPO industry in the Philippines especially if the value of Peso would increase that it would weaken the value of the US dollar. This will not only discourage the American BPO owner to expand in the Philippines, they would start looking for other option which is through countries where they can cut down capital expenses . Salaries and system operations considered as capital expenditure. Countries like India, Sri Lanka and Bangadesh, perhaps, other asian countries would be a lucrative option for the US. I know Timex and some US corporations set up their manufacturing companies into Cebu around the EPZA area but who are their distributors once they sent all their products back into the US? it's mostly the American consumers.


Mouthy individuals might be annoying sometimes but if we see that they are doing their jobs and still can keep the economy operational and improving, it is still good to the country and its people. Why would some of us want Aquino out of the office when he is still keeping the Philippine economy floating by inviting more and more investors into the country (which I am hoping he would really support the development of local industries) and continuous support from the International community. I know he is sounding like a "babaeng palenkera sa palengke" but as long as he is productive, the filipinos would still be in good hands. Arroyo may have appeared to be more workaholic than Noynoy but being workaholic does not really mean they are efficient, effective and honest.

Noynoy did promised corrupt free government and easing out poverty but that does not happen overnight, not even in 3 or 5 years time. What you are annoyed about is that Aquino always attack Arroyo somehow he has good points even if his attacks usually make him put his own foot into his mouth.


As far as rice shortage and high price is concern, I believe I posted an article about these in previous chapter. We can't really blame Aquino administration on these because of what happened in thailand and that the price of rice is not at all exclusive to the Philippines but worldwide.
well agree ako,, preo the fact na BPO industry at present is doing good dito so wala kang dapat ikabahala...,,the U.S is the worlds largest economy kaya hindi maiiwasang U.S ang biggest trade partner natin pero, thank god hindi nagrecession ang RP sa kabila nang pagbaksak ng economy ng america. i think its high time that the philippines should look for other trade partners other than U.S,,,umuunlad na ang mundo,,, U.S is no more the center of everything in the world today!:)
It's funny to think that the more unpopular a president is the more progress is made :nuts:.
tumpak,,, :lol:

It's funny to think that the more unpopular a president is, the more progress is made :nuts:.

Very good observation you have there!
IMO, it seems like the presidency is not a factor anymore to the country's progress, if what you have mentioned "more progress" and "more unpopular president" is downright true! Or shall we say the presidency is now inversely proportional to the country's progress? Unthinkable, is it?
BTW, I was proposing how big a factor the executive can do wrt our economy in this forum before, considering the peculiar environment of the Philippines. And many posters called me names! Did I miss a lot!

floating ba yun....eh mukhang sinking eh......we don't wanna float we want to fly.....and fly high.....:lol:

Well, there are promising reports still on economy. What was wrong with Aquino is more on his approach on how to fun after Arroyo. As far as economy is concerned, he has not failed in this aspect yet. If you want to fly high... don't rely on BPOs mostly and OFW, you yourself can start an exporting business so you can be useful to other filipinos as well since you are one of those who are still left in the country and does not seems to have the desire to move to another country permanently. Yan ang magandang example sa kapwa filipino hindi yang showbiz style na criticism mo, wala kang pinagkaiba sa pagputak ni Noynoy kaya ka siguro galit sa kapwa mong puro putak lang ng putak ng walang sense. :lol:

well agree ako,, preo the fact na BPO industry at present is doing good dito so wala kang dapat ikabahala...,,the U.S is the worlds largest economy kaya hindi maiiwasang U.S ang biggest trade partner natin pero, thank god hindi nagrecession ang RP sa kabila nang pagbaksak ng economy ng america. i think its high time that the philippines should look for other trade partners other than U.S,,,umuunlad na ang mundo,,, U.S is no more the center of everything in the world today!:)



It is also high time for the filipinos to be more self sufficient and be one of the biggest exporters in the world while BPO is still flourishing in the country. It is just fortunate that the US economy did not collapse just like during "great depression" era where majority of the american population were starving. China is so far another visible trading partner of the Philippines but we import more than we export to them. I just mentioned those statement before because some people just like fengrun sounded like he wanted the US economy to collapse, little that he knew that the BPO he was bragging about can be very volatile because it is also dictated by the situations in the US since the US is the Philippine's biggest trading partner and ally.


It's funny to think that the more unpopular a president is the more progress is made :nuts:.

It's funny but at the same time it is very scary because you can pretty much see a pattern. Marcos, despite the loots he made, filipinos were still enjoying better quality of life until he left the office, now, Arroyo. Oh wait, we forgot about Erap, I am not sure where to place Erap on this because he is both unpopular that sounded popular after gaining 2nd highest votes during the election :lol: How ironic!!!

why are you always bringing up suck issues???? well its noys time na plantsahin ang mga gusot kuno ni gloria!:lol: get rid of the past.... move on... past is past... you cant do anything about it!!! ang bantayan mo ay ngayun kasi nakasalalay tayo sa kasalukuyan.....:lol::nuts:

we cant move away from the past because it is still a reality until now. the mess gloria made is still a reality today, even if she is no longer the president. gets?

^^history repeats itself, Gloria is the modern day-era Marcos.......

It is also high time for the filipinos to be more self sufficient and be one of the biggest exporters in the world while BPO is still flourishing in the country. It is just fortunate that the US economy did not collapse just like during "great depression" era where majority of the american population were starving. China is so far another visible trading partner of the Philippines but we import more than we export to them. I just mentioned those statement before because some people just like fengrun sounded like he wanted the US economy to collapse, little that he knew that the BPO he was bragging about can be very volatile because it is also dictated by the situations in the US since the US is the Philippine's biggest trading partner and ally.

Exactly the scourge of globalization. On one hand, it opens other markets to Pinoy products and services. On the other hand, it also shuts down Pinoy companies and organizations who cannot be competitive enough globally.


It's funny but at the same time it is very scary because you can pretty much see a pattern. Marcos, despite the loots he made, filipinos were still enjoying better quality of life until he left the office, now, Arroyo. Oh wait, we forgot about Erap, I am not sure where to place Erap on this because he is both unpopular that sounded popular after gaining 2nd highest votes during the election :lol: How ironic!!!

Whose administration is now the bigger crooks? Marcos with his cronies, or Erap with his kumpares, or GMA with all her minions?

All of them started relatively well (FM, Erap, GMA). The economy did well after Marcos imposed martial law, but external forces made it worse (oil crisis of the 70s). He then wasn't able to recover and so his reign was a big failure. Erap was stupid enough to get caught with his hand in the cookie jar, and he was greedy too soon. Nothing significant about his term except for driving out the MILF from Camp Abubakar. GMA, well...that has been debated on SSC countless times I don't need to add anything else.

^^history repeats itself, Gloria is the modern day-era Marcos.......

Which is really a sad thing for us. gma could have used her almost 10 years in power to implement fundamental changes in government, instead, she and her family and other cohorts milked our coffers.

ayan, baong tayo sa utang.

During Marcos era ..... Imelda was the worst thing ever know to the people, in which all the expense of his Husband"s power was use for her own Vanity and Leisure.
While Arroyo's administration ..... Mike was a big fatty-acid men in which he uses his wife's expense for his very unusual complements like doing business meetings for nothing but his own wallet .... sadly but true :(

During Marcos era ..... Imelda was the worst thing ever know to the people, in which all the expense of his Husband"s power was use for her own Vanity and Leisure.
While Arroyo's administration ..... Mike was a big fatty-acid men in which he uses his wife's expense for his very unusual complements like doing business meetings for nothing but his own wallet .... sadly but true :(

bisan unsaon bali bali. mikey arroyo bought a house in the US and personal assets worth how much again, almost P100M?

dili man ni tungod kay representative siya sa security guards. :lol::lol:

^^According sa akng tita bai ng.base sa amerika.... the house is in an exclusive rich-stately household sa LA bato ur somewhere in California, grabe jud kuno ka kanindot sa balay murag balay sa mga dato diri sa pinas..... if you have that kind of a house and paying taxes for a millions of dollars, where can find this pain-stacking dollars you have ..... Very ireversible, this house was purchased during pre-zte scandal in pinas.....

^^According sa akng tita bai ng.base sa amerika.... the house is in an exclusive rich-stately household sa LA bato ur somewhere in California, grabe jud kuno ka kanindot sa balay murag balay sa mga dato diri sa pinas..... if you have that kind of a house and paying taxes for a millions of dollars, where can find this pain-stacking dollars you have ..... Very ireversible, this house was purchased during pre-zte scandal in pinas.....

:lol::lol:, I am sure your tita is not lying she is familiar with the place. mura duol ba to ug beach or something?

mike and mikey arroyo are not known for their honesty and competence anyway. :lol::lol::lol:

^^shall i say incompetence and dishonesty ....:D:lol::D

as the representative of the sekyu, he is honest and competent

/sarcasm

in case you dont know, matagal nang taxable ang 13th month pay

Bka tumaas na yung sahod nya?? :lol: Alam ko taxable if beyond 30k.

baka nga hehe.

Bka tumaas na yung sahod nya?? :lol: Alam ko taxable if beyond 30k.

all income are taxable. bonuses are taxable in excess of 30k accumulative for that year. kasi may nagbibigay, 14th or 15th month plus PB pa.

^^may ibibigay bng bonus c pnoy @eastern.... yung kuya ku ng.tatrabaho sa government hospital parang malabo pa eh ......

^^may ibibigay bng bonus c pnoy @eastern.... yung kuya ku ng.tatrabaho sa government hospital parang malabo pa eh ......

i remember there was news about it this year, mukhang may savings ang goverment na ibibigay sa gov't workers.

unfortunately, your brother belongs to the non-earning sector of government and hence, bonuses might be difficult to come his way. unlike in BIR, customs, LRA and other revenue generating offices.

ang government hospitals kasi, cost centers yan ng government. gastos lang ng gastos but no income comes in.

PMP .....:ohno:

Very good observation you have there!
IMO, it seems like the presidency is not a factor anymore to the country's progress, if what you have mentioned "more progress" and "more unpopular president" is downright true! Or shall we say the presidency is now inversely proportional to the country's progress? Unthinkable, is it?
BTW, I was proposing how big a factor the executive can do wrt our economy in this forum before, considering the peculiar environment of the Philippines. And many posters called me names! Did I miss a lot!

Ganito na lang, you are again inventing your own theory. Why not review how GDP is computed and the variables/factors that affect the growth and perhaps development of the economy of a country like the Philippines.

So that you will be awaken from a downright false assumption that you call as downright true by saying that "the presidency is now inversely proportional to the country's progress?"


Read also some theories in development studies totally contradicting your fantastic statements.

Ganito na lang, you are again inventing your own theory. Why not review how GDP is computed and the variables/factors that affect the growth and perhaps development of the economy of a country like the Philippines.

So that you will be awaken from a downright false assumption that you call as downright true by saying that "the presidency is now inversely proportional to the country's progress?"


Read also some theories in development studies totally contradicting your fantastic statements.

jpdm, eto yung sinasabi ko. ok nga dati yung mga away natin based on substantive ideas and reasons.

pero pag pumupunta ako dito, pura bumubula bibig ng mga haters dito. kakawalang gana. oo, medyo hindi good move yung ibang decision ng executive, andyan na tayo. pero pati growth rate natin tinitira. kesyo wala negosyo, wala investments.

hindi ko alam kung sa pilipinas ba nakatira tong mga tao. :lol::lol:

^^atay kaayu ning ng.arung.ingnon na ekonomista ..... basli gud nah @eastern kay dili ku mkig.tubay ug uneducated proffesionals..........

jpdm, eto yung sinasabi ko. ok nga dati yung mga away natin based on substantive ideas and reasons.

pero pag pumupunta ako dito, pura bumubula bibig ng mga haters dito. kakawalang gana. oo, medyo hindi good move yung ibang decision ng executive, andyan na tayo. pero pati growth rate natin tinitira. kesyo wala negosyo, wala investments.

hindi ko alam kung sa pilipinas ba nakatira tong mga tao. :lol::lol:

I mean I maybe a critic of Gloria but oldtimers in SSC knows that I also post good things about Gloria when she she has done some positive things i.e. infrastructures; buy Pinoy movement; cheap medicine law; revival of National Steel now Global Steel etc.

Alam din ng mga oldtimers kung kanino ako kampi during the election and how I fought tooth and nail for my candidate who lost in the last election.

But let us call a spade a spade. The economy is improving under Pnoy, despite some of the blunders the government committed. The people are satisfied with the performance of Pnoy and investors and consumers alike are happy amnd making the economy grow more.

Nasa isang bangka tayo. Criticism is ok but criticism to bring down an entire government even if that government is doing something good is totally absurd.

Which is really a sad thing for us. gma could have used her almost 10 years in power to implement fundamental changes in government, instead, she and her family and other cohorts milked our coffers.

ayan, baong tayo sa utang.

ay ang talino ng analysis?....:lol:

Which is really a sad thing for us. gma could have used her almost 10 years in power to implement fundamental changes in government, instead, she and her family and other cohorts milked our coffers.

ayan, baong tayo sa utang.

ay ang talino ng analysis?....:lol:

One-liner na masakit! Ahehehehehehe
Nahihirapan ka bang mag connect, sir? Okay, here it is:

almost 10 years in power -->implement changes-->family and other cohorts--> milked our coffers-->. . . . .baong tayo sa utang!

Please fill in the gap. . . . . .a long, long, long, . . . . gap! Parang Darwin's theory of evolution!
O/T:Charles Darwin died but failed to connect those evolution theory gaps.

One-liner na masakit! Ahehehehehehe
Nahihirapan ka bang mag connect, sir? Okay, here it is:

almost 10 years in power -->implement changes-->family and other cohorts--> milked our coffers-->. . . . .baong tayo sa utang!

Please fill in the gap. . . . . .a long, long, long, . . . . gap! Parang Darwin's theory of evolution!
O/T:Charles Darwin died but failed to connect those evolution theory gaps.

No need for details. We know the entire story. ;)

The summary given to us tells us the 'big picture' already and it's quite sad. :lol::lol:

If majority of people thinks that way, then that tells us what kind of administration she led back then. :lol:

The most important thing is that there is faith in the current administration despite its shortcomings - it spells good news to the overall political stability of the government. Kahit walang masyadong developments muna, basta may stability at sana maayos ang mga problema sa bureaucracy is already a small step but it is pivotal for the long term development of the country.

No need for details. We know the entire story. ;)

The summary given to us tells us the 'big picture' already and it's quite sad. :lol::lol:

If majority of people thinks that way, then that tells us what kind of administration she led back then. :lol:

The most important thing is that there is faith in the current administration despite its shortcomings - it spells good news to the overall political stability of the government. Kahit walang masyadong developments muna, basta may stability at sana maayos ang mga problema sa bureaucracy is already a small step but it is pivotal for the long term development of the country.

stability?

ewww:lol::lol::lol:

^^^ Well there is no report on impending collapse on Philippine economy. Somehow, foreign investors continued to express confidence on the new administration and the Philippines received US$400Million grant from the US. OFW remittance is growing and apparently BPOs would soon surpass OFW remittances. An indication of stability and continued progress. The only thing you can accuse Noynoy is that he talks too much and end up swallowing the words he said. ATLEAST, just incases where they realized they were wrong, the Aquino administration admits it's error, thus giving out comment about Arroyo's positive handling of the economy. Unlike Arroyo needless to say does not try to admit anything unless her back is pinned against the wall but would still not budge, hence hello garcie case that died down and Arroyo was never prosecuted on that issue alone.

^^ I don't recall any instance when P.Noy credited Mrs. Arroyo's positive handling of the economy..

^^ There was, I'm not sure if it's directly from Aquino but it was from his administration he allowed to let it out in the media. Initially, they accused of mishandling the economy later on their words changed to Arroyo handled the economy well. It was posted here in Executive office thread I believe.( I don't like using the word "reckon" it sounds too country/rural and ancient :lol. most old people out in remote towns are using this word :lol:

^^ hmmm... ironic.. coz if he really ever did, his followers here at SSC don't seem to agree though..

It was buried in multiple posts and closed chapters. I remember GMA's minions commenting about how Aquino likes to take back his words, it was the second time, right around just after the Quirino Granstand incident.

Please stop comparing the present from the past president/s and vice versa in this thread.
If you really need to do it, do it in the Executive thread instead... since many has opted to
ignore that thread because of the relentless and unproductive rantings and ravings.

IMF raises 2011 Philippine growth forecast (http://www.bworldonline.com/main/content.php?id=22708)

THE INTERNATIONAL Monetary Fund (IMF) has upgraded its 2011 growth
forecast for the Philippines, noting improved prospects for the country.

Vivek B. Arora, IMF assistant director for the multilateral institution’s Asia
and Pacific department, on Friday announced a 5% gross domestic product
(GDP) growth forecast for next year, up from the 4.5% bared last October.

"The reason [for the upgrade] is we have taken into account improvements
in the investment environment, the initiatives that are underway and the
general sense that growth prospects may improve for the Philippines," he
said at a briefing.

"For a long time, people looked at the Philippines as lagging. Growth in the
Philippines was lower than key competitors in the region. The 5% we project
in the future is actually in line with what we project for other countries like
Thailand and Malaysia," he added.



:horse:

stability?

ewww:lol::lol::lol:

you find that disgusting?

You like instability? Let's vote the corrupt and highly notorious candidate after his term ends. :lol:

Nuclear power projects eyed for PPP inclusion (http://www.philstar.com/Article.aspx?articleId=638080&publicationSubCategoryId=66)
By Donnabelle L. Gatdula (The Philippine Star) Updated December 11, 2010 12:00 AM

MANILA, Philippines - The government is considering the inclusion of nuclear energy projects in the Private Public Partnership (PPP) scheme, a ranking energy official said.

National Power Corp. (Napocor) president Froilan Tampinco told participants in the Nuclear Power Forum Philippines 2010 that “there should be a strategic private-public partnership in developing nuclear energy.”

“Under the present PPP scheme of the government, there can be a possible strategic partnership between the government and the private sector, in order to take care of handling the possible entry of nuclear facility,” he said.

Napocor is part of the team the Department of Energy (DOE) has formed to explore the potential nuclear energy development in the country.

During the forum, discussions centered on how to encourage investors to put in money for the construction of a capital-intensive nuclear power plant.

The PPP initiative, launched recently by the Aquino administration, provides state guarantees in the contracts to be entered into between government and winning bidders of PPP projects.

“Each project will be looked at differently, and the government will use independent financial advisors to study each project carefully before it is bid out, to determine what protection is necessary. It is important to note that this protection will be limited to regulatory risk. Commercial or market risk, which you are in the business of determining, will be borne by investors, as it should be,” President Aquino said in his speech during the PPP launch.

If subjected to PPP, the nuclear energy project proponent will be able to enjoy the program’s benefits.



“This is different from previous contracts where the government provided politically difficult guarantees to investors against market risk. For instance, with power supply contracts in the past, the government committed to buy power output regardless of what the actual demand was,” Aquino added.

Earlier, the DOE said it will start a feasibility study on the safety concerns of a nuclear power facility. The study will signal the start of the country’s engagement in nuclear energy development.

There are now several bills filed in Congress seeking to govern the use of nuclear energy to generate power in the country.

The concern of developing nuclear energy has been floated anew amid the power shortage being experienced in the country.

During the forum, there were also discussions aiming to address an urgent power generation gap already impacting the Philippine economy, with rotating three-hour outages in Metro Manila, the country’s political and economic center.

The utilization of nuclear energy is also seen to lower electricity prices. At present, electricity in the Philippines is the third most expensive in all of Asia.

The Philippine Energy Plan 2007-2014 indicates room for the mothballed Bataan Nuclear Power Plant and four more nuclear plants, the earliest to be commissioned by 2015.

Among the sites being eyed for nuclear facilities are Palawan, Cagayan, Cavite, Negros Oriental, Zamboanga del Norte, Bataan, Negros Occidental, Quezon, Batangas, and Sarangani.

Nuclear power is expected to provide about 3,000 megawatts in generation capacity for the Philippines, with total capacity building planned at 15,000 MW by 2018.


*********************************************************
Salamat at isasama ito sa PPP.

Filipino electronics firm thrives in niche
(http://www.mb.com.ph/articles/292174/filipino-electronics-firm-thrives-niche)
By MELODY M. AGUIBA December 11, 2010, 1:33am

MANILA, Philippines – Innovatronix, a 100 percent Filipino-owned electronics-based firm, has thrived in a niche export market and is foreseeing a 40 percent revenue growth to $1.2 million in 2010.

Its export revenue stream comes mainly from photo imaging products sold to 80 countries primarily US and Europe.

A company that already has a chain of 150 stores nationwide, Innovatronix has registered an average monthly export revenue of $100,000 this year from just an average of $60,000 in 2009, according to Innovatronix founder and president, Ramon I. Castillo.

"We have 36 dealers distributing our products worldwide, many in Europe and in the US," said Castillo in an interview at a Department of Science and Technology (DoST)-led innovation forum.

Domestically, Innovatronix is leading a market previously dominated by foreign brands such as Kodak and Fuji. It targets to expand its branch operation to 200 all company-owned stores by 2012.

“We're the biggest now in photo imaging in the Philippines in number of units sold. We're outselling other brands. Our price is 25 percent less, so it's very easy to convince people to buy our products,” he said.

But aside from photo imaging, Innovatronix manufactures many other varied innovative products, having been founded in 1987 to produce "innovative electronics" products.

In its initial years, it produced electronic displays, aircon timers, basketball scoreboards, particularly for the Southeast Asian games in November 1991, and other electronics-based products for big companies as its founder, Castillo, worked early on as senior engineer at Intel.

It produces portable power products, particularly the Tronix PowerCore which provides up to 24 hours of power for computers, servers, medical refrigeration in hospitals, and other mission-critical equipment. This portable electrical device is an online UPS (uninterrupted power supply) with zero transfer time upon loss of power, protecting equipment from data loss or corruption.

Exports post 26% expansion in October, reach $43 B in 10 months, up by 37.1% (http://www.mb.com.ph/articles/292171/exports-post-26-expansion-october-reach-43-b-10-months-371)
By EDU LOPEZ December 11, 2010, 1:29am

MANILA, Philippines – Export earnings in October 2010 posted a 26.4 percent year-on-year growth to $4.7 billion compared to last year’s level of $3.7 billion, the slowest expansion this year and following record growth in September.

The National Statistics Office (NSO) reported yesterday a 37.1 percent increase in export earnings to $43 billion for the first 10 months of 2010 from $31 billion in the same period last year.

Electronic products which accounted for 63 percent of the total export revenue in October 2010, generated total receipts of $2.9 billion, up by 38.2 percent from $2.162 billion registered in October 2009.

Semiconductors which comprised 50 percent of the total exports, had the biggest share from among the major groups of electronic products with export earnings amounting to $2.6 billion, up by 63.8 percent.

Articles of apparel followed as the second top earner in October 2010 with total export receipts of $145.13 million, an increase by 24 percent.

Exports of coconut oil posted a significant growth of 81 percent to $140.48 million from $77.29 million recorded during the same month in 2009.

Ranked fourth in October 2010 and contributing 2.5 percent to the total export receipts was woodcrafts and furniture with revenue amounting to $118.26 million, up by 29.3 percent from its year ago level of $91.46 million.

Ignition wiring set registered total export receipts $100.29 million, an increase by 14.9 percent from $87.27 million registered in October 2009.

Other top exports for October 2010 were metal components with export earnings of $81.12 million, up by 59.2 percent; cathodes with export receipts of $62.35 million, fresh and frozen tuna with revenue of $25.47 million and fresh bananas with proceeds billed at $25.19 million.

The slower growth in October is not surprising as the bulk of orders for the year has already been made in the previous quarter, said Ron Rodrigo, DBP-Daiwa Securities research head. "This is a seasonal thing. We expect a further slowdown in growth in the last two months of the year, particularly since there hasn't been much improvement in the global economy," Rodrigo said.

^
Sigurado maraming kumpanya ang sasali diyan! Kung hindiang San Miguel edi pwede rin ang Cebu based Aboitiz Power Corp. na may-ari ng VECO. Binitawan na nila ang shipping arm nila para mag-focus sa energy sector. ^_^

^^
Sana nga. sana magventure ang mga Big Conglomorates ng Pilipinas sa Heavy Industry with R&D.

Lalo na yung BNPP. mas makaktipid pa sila pag yun nagamit ng maayos. ilang changes nalang kailangan doon.

Lalo na yung BNPP. mas makaktipid pa sila pag yun nagamit ng maayos. ilang changes nalang kailangan doon.

At kailangan na ulit palakasin ang PNRI para maayos ang kakulangan sa mga Nuclear Physicist at Engineer. Kayang kaya natin to.

Ang sarap basahin puro magagandang balita at hindi puro out of this planet lamentations ng mga faggots na sado-masochists...:lol::cheers:

keep on posting good news mga sirs!:cheers:

@thanks flashcollider for the great articles and good news!:cheers:

^^
Sana one day tayo naman ang nagiinvest sa ibang bansa para sa mga heavy industries na nadevelop natin.Sana itaas ang investment mabuti ng gobyerno sa R&D at Education. Long term ito kapag na-established natin ang R&D community sa pinas.

Filipino electronics firm thrives in niche
(http://www.mb.com.ph/articles/292174/filipino-electronics-firm-thrives-niche)
By MELODY M. AGUIBA December 11, 2010, 1:33am

MANILA, Philippines – Innovatronix, a 100 percent Filipino-owned electronics-based firm, has thrived in a niche export market and is foreseeing a 40 percent revenue growth to $1.2 million in 2010.

Its export revenue stream comes mainly from photo imaging products sold to 80 countries primarily US and Europe.

A company that already has a chain of 150 stores nationwide, Innovatronix has registered an average monthly export revenue of $100,000 this year from just an average of $60,000 in 2009, according to Innovatronix founder and president, Ramon I. Castillo.

"We have 36 dealers distributing our products worldwide, many in Europe and in the US," said Castillo in an interview at a Department of Science and Technology (DoST)-led innovation forum.

Domestically, Innovatronix is leading a market previously dominated by foreign brands such as Kodak and Fuji. It targets to expand its branch operation to 200 all company-owned stores by 2012.

“We're the biggest now in photo imaging in the Philippines in number of units sold. We're outselling other brands. Our price is 25 percent less, so it's very easy to convince people to buy our products,” he said.

But aside from photo imaging, Innovatronix manufactures many other varied innovative products, having been founded in 1987 to produce "innovative electronics" products.

In its initial years, it produced electronic displays, aircon timers, basketball scoreboards, particularly for the Southeast Asian games in November 1991, and other electronics-based products for big companies as its founder, Castillo, worked early on as senior engineer at Intel.

It produces portable power products, particularly the Tronix PowerCore which provides up to 24 hours of power for computers, servers, medical refrigeration in hospitals, and other mission-critical equipment. This portable electrical device is an online UPS (uninterrupted power supply) with zero transfer time upon loss of power, protecting equipment from data loss or corruption.

Exports post 26% expansion in October, reach $43 B in 10 months, up by 37.1% (http://www.mb.com.ph/articles/292171/exports-post-26-expansion-october-reach-43-b-10-months-371)
By EDU LOPEZ December 11, 2010, 1:29am

MANILA, Philippines – Export earnings in October 2010 posted a 26.4 percent year-on-year growth to $4.7 billion compared to last year’s level of $3.7 billion, the slowest expansion this year and following record growth in September.

The National Statistics Office (NSO) reported yesterday a 37.1 percent increase in export earnings to $43 billion for the first 10 months of 2010 from $31 billion in the same period last year.

Electronic products which accounted for 63 percent of the total export revenue in October 2010, generated total receipts of $2.9 billion, up by 38.2 percent from $2.162 billion registered in October 2009.

Semiconductors which comprised 50 percent of the total exports, had the biggest share from among the major groups of electronic products with export earnings amounting to $2.6 billion, up by 63.8 percent.

Articles of apparel followed as the second top earner in October 2010 with total export receipts of $145.13 million, an increase by 24 percent.

Exports of coconut oil posted a significant growth of 81 percent to $140.48 million from $77.29 million recorded during the same month in 2009.

Ranked fourth in October 2010 and contributing 2.5 percent to the total export receipts was woodcrafts and furniture with revenue amounting to $118.26 million, up by 29.3 percent from its year ago level of $91.46 million.

Ignition wiring set registered total export receipts $100.29 million, an increase by 14.9 percent from $87.27 million registered in October 2009.

Other top exports for October 2010 were metal components with export earnings of $81.12 million, up by 59.2 percent; cathodes with export receipts of $62.35 million, fresh and frozen tuna with revenue of $25.47 million and fresh bananas with proceeds billed at $25.19 million.

The slower growth in October is not surprising as the bulk of orders for the year has already been made in the previous quarter, said Ron Rodrigo, DBP-Daiwa Securities research head. "This is a seasonal thing. We expect a further slowdown in growth in the last two months of the year, particularly since there hasn't been much improvement in the global economy," Rodrigo said.

^^:):) i hope these will serve as a lesson and inspiration to other companies that they will likely to invest and put up more and more jobs here in the philippines, the better kung mka.pag.invest tayo sa ibang bansa at tayo ang mg.lelead.up....... :cheers::cheers:

^^ Agree

^^Sana naman tang kilikan naman natin yung ating sariling produkto.... IMO ku lng, sadly mas mataas ang tax sa mga local companies that foreign companies ...... parang mali, kaya nga meron tayong mga smuggled goods ang nakakalusot nito......

Foreign chambers to present roadmap for PH
7 industries to play key role in economic growth

http://business.inquirer.net/money/topstories/view/20101210-308231/Foreign-chambers-to-present-roadmap-for-PH

By Abigail L. Ho
Philippine Daily Inquirer
First Posted 22:38:00 12/10/2010

Filed Under: Economy and Business and Finance
Most Read
MANILA, Philippines—The joint Foreign Chambers will be presenting on Monday a roadmap that it believes will set the Philippines on the path to economic progress.

Dubbed “Arangkada Philippines 2010,” the roadmap is hinged mainly on seven key industries, which have the highest potential to drive the country forward.

Before the presentation of the roadmap, members of various foreign chambers will present the reasons why the Philippines seemed to be growing too slowly and suggestions on how the country could become more competitive.

The seven fastest-growing key industries and various suggestions on how these could be harnessed for the country’s progress would then be presented.

Aptly labeled “Seven Big Winners” by the JFC, these sectors represent the future of the country, according to the foreign business groups.

During the sneak peek of the Seven Big Winners last October, different sector representatives presented their “wish lists” for the government.

Roberto Amores, vice president for agriculture of the Philippine Chamber of Commerce and Industry, laid down various measures that the agribusiness sector needed to be able to harness its full potential.

These included the allocation of an adequate budget for the full implementation of the Agriculture and Fisheries Modernization Act, the restoration of the Quedan “D” sugar allocation for food processors and exporters, and the provision of expanded incentives to encourage private investments in the industry.

He also sought the enactment of a bill that would allow farmers to use land secured from the Comprehensive Agrarian Reform Program as collateral for bank loans and the provision of incentives to corporate farming, without prejudice to the government’s land-reform program.

The business-process-outsourcing sector, represented by Business Processing Association of the Philippines chief executive Oscar Sanez, pushed for education reforms, particularly the approval of the K+12 scheme, which would add another two years to basic education.

^^Sana naman tang kilikan naman natin yung ating sariling produkto.... IMO ku lng, sadly mas mataas ang tax sa mga local companies that foreign companies ...... parang mali, kaya nga meron tayong mga smuggled goods ang nakakalusot nito......

Thisa time agree with this post.:)

Foreign chambers to present roadmap for PH
7 industries to play key role in economic growth

http://business.inquirer.net/money/topstories/view/20101210-308231/Foreign-chambers-to-present-roadmap-for-PH

By Abigail L. Ho
Philippine Daily Inquirer
First Posted 22:38:00 12/10/2010

Filed Under: Economy and Business and Finance
Most Read
MANILA, Philippines—The joint Foreign Chambers will be presenting on Monday a roadmap that it believes will set the Philippines on the path to economic progress.

Dubbed “Arangkada Philippines 2010,” the roadmap is hinged mainly on seven key industries, which have the highest potential to drive the country forward.

Before the presentation of the roadmap, members of various foreign chambers will present the reasons why the Philippines seemed to be growing too slowly and suggestions on how the country could become more competitive.

The seven fastest-growing key industries and various suggestions on how these could be harnessed for the country’s progress would then be presented.

Aptly labeled “Seven Big Winners” by the JFC, these sectors represent the future of the country, according to the foreign business groups.

During the sneak peek of the Seven Big Winners last October, different sector representatives presented their “wish lists” for the government.

Roberto Amores, vice president for agriculture of the Philippine Chamber of Commerce and Industry, laid down various measures that the agribusiness sector needed to be able to harness its full potential.

These included the allocation of an adequate budget for the full implementation of the Agriculture and Fisheries Modernization Act, the restoration of the Quedan “D” sugar allocation for food processors and exporters, and the provision of expanded incentives to encourage private investments in the industry.

He also sought the enactment of a bill that would allow farmers to use land secured from the Comprehensive Agrarian Reform Program as collateral for bank loans and the provision of incentives to corporate farming, without prejudice to the government’s land-reform program.

The business-process-outsourcing sector, represented by Business Processing Association of the Philippines chief executive Oscar Sanez, pushed for education reforms, particularly the approval of the K+12 scheme, which would add another two years to basic education.

ay salamat...this is good.....may gumawa din sa hindi magawa gawa ng admin na ito....
hopefully....sundin naman ng admin na ito...baka dahil hindi sila ang nag-isip balewalain.....

^^ bahala na ang private sector gumawa ng plans para sa government... "parang" mas safe..

http://sphotos.ak.fbcdn.net/hphotos-ak-ash2/hs407.ash2/68579_480868368606_554818606_5662379_889689_n.jpg (http://www.facebook.com/photo.php?pid=5662314&id=554818606)

Kuha ko kaninang super traffic sa Pandacan bridge... ( sorry malabo)

sa pinaka kanan ang PB com Tower... sa Pinaka kaliwa ang pinakamalaking tower sa Pinas ngayon!:):):):):)
__________________


Ipost ko lang po to dito ha... nagulat kasi ako na may bago nang pinakamataas na gusali sa Pinas ayon sa aking pagkakakita...:)

ay salamat...this is good.....may gumawa din sa hindi magawa gawa ng admin na ito....
hopefully....sundin naman ng admin na ito...baka dahil hindi sila ang nag-isip balewalain.....

foreign chambers making an economic blueprint for the country? No way!:bash::bash::bash:

baka ibenta na sa magbabakal at bote dyaryo Pilipinas ng mga vested interests na ito.:bash::bash:

http://sphotos.ak.fbcdn.net/hphotos-ak-ash2/hs407.ash2/68579_480868368606_554818606_5662379_889689_n.jpg (http://www.facebook.com/photo.php?pid=5662314&id=554818606)

Kuha ko kaninang super traffic sa Pandacan bridge... ( sorry malabo)

sa pinaka kanan ang PB com Tower... sa Pinaka kaliwa ang pinakamalaking tower sa Pinas ngayon!:):):):):)
__________________


Ipost ko lang po to dito ha... nagulat kasi ako na may bago nang pinakamataas na gusali sa Pinas ayon sa aking pagkakakita...:)

^Iyan na rin ang pinaka magandang building sa pinas wala ng iba..

foreign chambers making an economic blueprint for the country? No way!:bash::bash::bash:

baka ibenta na sa magbabakal at bote dyaryo Pilipinas ng mga vested interests na ito.:bash::bash:

Ika nga, nasa concept tayo ng pagtitipid, "said P-noy".:ohno::nuts:

IMF Says Philippines Economy to Grow 7% in 2010, 5% in 2011
By Rebecca Christie - Dec 10, 2010 12:24 PM CT
http://www.bloomberg.com/news/2010-12-10/imf-says-philippines-economy-to-grow-7-in-2010-5-in-2011.html


The International Monetary Fund said today it expects that growth in the Philippines will average 7 percent in 2010 and 5 percent in 2011.

“The near-term outlook is favorable,” The IMF said in a statement. “Inflation is expected to remain within the target range this year and next, and the balance of payments to stay in surplus.”

The Philippines will need to manage rising capital inflows to avoid asset-price inflation and economic swings, the report said. Monetary policy has helped to keep inflation low and the country’s central bank is in a position to take action to forestall liquidity and price pressures.

“The key challenge going forward is to sustain the recovery and strengthen the pace and quality of sustainable growth,” the IMF said. “The fragile global economic environment remains a key risk to the outlook.”

The IMF said fiscal consolidation will help the Philippines preserve budget room to respond to future shocks.

Ika nga, nasa concept tayo ng pagtitipid, "said P-noy".:ohno::nuts:

^^:lol::lol:here we go again.....

http://sphotos.ak.fbcdn.net/hphotos-ak-ash2/hs407.ash2/68579_480868368606_554818606_5662379_889689_n.jpg (http://www.facebook.com/photo.php?pid=5662314&id=554818606)

Kuha ko kaninang super traffic sa Pandacan bridge... ( sorry malabo)

sa pinaka kanan ang PB com Tower... sa Pinaka kaliwa ang pinakamalaking tower sa Pinas ngayon!:):):):):)
__________________


Ipost ko lang po to dito ha... nagulat kasi ako na may bago nang pinakamataas na gusali sa Pinas ayon sa aking pagkakakita...:)

ang mga gusali ang isa sa mga palatandaang umuunlad ang isang lugar..:)
meaning,umuunlad ang pilipinas,,,:)
therefore, as of now,the economy is in good..............................condition,,,,,,,,,not hands.....peace:lol:

FDI inflows reach $66M in Sept


Dec.13, 2010
Malaya Business Insights



Despite the cautious investor sentiment, the Bangko Sentral ng Pilipinas (BSP) reported that foreign direct investments (FDI) sustained net inflows in September at $66 million.

This is a turnaround from the $54 million net outflow recorded in the same month a year ago.

"The moderate inflows this year reflected cautious investor sentiment on the back of renewed concerns over the exposure of European banks to sovereign debt and the health of the American economy, notwithstanding the strong fundamentals in the domestic economy," BSP governor Amando Tetangco said.

Tetangco said the net inflows during the month were mainly driven by reinvested earnings and other capital which posted inflows of $26 million and $62 million, respectively.

He said this more than compensated for the net outflows of $22 million recorded in the equity capital account.

Year-to-date, net FDI inflows through September reached $1.1 billion, 31.8 percent lower than the previous year’s level.

"This development was due to the decline in the inflows of equity capital," Tetangco said.

In particular, the central bank chief said net inflows from equity capital reached $185 million, 89.5 percent lower than the level posted in the comparable period last year when large investments in a local beverage company and a local power corporation were recorded.

Gross equity capital placements for the first nine months of the year came largely from the US, Japan, Singapore, Ireland, and Hong Kong.

These were channeled to the following sectors: banking; real estate; manufacturing (semiconductors, pharmaceutical and health care products, air conditioner, refrigerators and parts); mining; power generation; transport, storage and communication; and recreational, cultural and sporting activities.:cheers::)

Octobers exports grow 26%


Malaya Business Insights
Dec.13, 2010


Merchandise exports posted another double digit growth in October 2010, triggering confidence that full-year export receipts will grow 15 percent from the 2009 level.

Data from the National Statistics Office (NSO) show that export earnings for October grew by 26.4 percent, to $4.74 billion, from the $3.75 billion in the same month last year.

This brought aggregate export receipts for the first 10 months to $43 billion, 37.1 percent higher than the $31 billion posted in same period last year.

"With this, we are very likely to exceed our target of 15 percent exports growth this year, since only $1.4 billion is needed for the two remaining months to achieve the target," National Economic and Development Authority (NEDA) director general Cayetano Paderanga Jr. said.

Paderanga added that the Philippines’ exports growth is highest in Southeast Asia in October.

"Other top performers in the region were Vietnam (22.8 percent) and Singapore (19.6 percent)," he said.

Exports receipts for October, however, dropped by 11 percent on a month-on-month basis, from the $5.3 billion posted in September 2010.

Paderanga said that the high growth rates in the past few months were a recovery from the crisis period. For October, Paderanga said "the recovery is starting to mature."

"Expect a plateauing of rates," Paderanga said.

"This is the real growth. But it is still high," Paderanga added.

Electronic products accounted for 63 percent of total export revenues. They increased by 38.2 percent to $2.99 billion from the $2.16 billion posted in October 2009.:cheers::cheers:

foreign chambers making an economic blueprint for the country? No way!:bash::bash::bash:

baka ibenta na sa magbabakal at bote dyaryo Pilipinas ng mga vested interests na ito.:bash::bash:

eh walang ginagawa nag palasyo o kaya hindi marunong gumawa....more than 6mos in office.....basic and important things like this ay wala.....ok lang yang mga lintik na vested interests.....akala mo ba wala yang vested interests sa gobyerno.....di ba hacienda luisita....:lol: at least yung mga nag plano nyan baka may sense pa kesa sa mga naka upo ngayon dyan sa tabi ng pasig....:lol:

OFW households spending less on big-ticket items :ohno:

The Manila Times.net
Monday, 13 December 2010
BY LAILANY P. GOMEZ REPORTER

OVERSEAS Filipino worker (OFW) households have reduced their expenditures on big-ticket items such as property and motor vehicles amid the peso’s strength, according to a survey by the Philippine central bank.

In the latest round of its Consumer Expectations Survey, the Bangko Sentral ng Pilipinas (BSP) said OFW households that used remittances to buy consumer durables fell to 28.9 percent in the fourth quarter from 31 percent in the previous three-month period.

Survey respondents who bought cars fell from 11.3 percent to 7.7 percent, quarter-on-quarter.

The survey further showed that the percentage of OFW households that apportioned part of their remittances for amortization or full payment of home purchases also went down to 11.3 percent from 15.5 percent.

OFW households that allocated part of their remittances to investments likewise dipped to 5.8 percent from 7 percent in the previous quarter, while those that set aside money for savings stabilized at 43 percent over the past two quarters, from only 7.2 percent in the first quarter of 2007.

Of the 534 households with OFWs, 96.7 percent said they spent part of their remittances on food and other household needs.

About 72.6 percent of respondents said they allocated their remittances for education, while 61.1 percent said they used the money for health care.

Nearly half said they used the remittances for debt payments.

The survey was conducted on October 1 to 15 this year, when the peso averaged 43.44 to the US dollar, down from the previous month’s 44.31 average.

The peso-dollar exchange rate has lost five percent since the January average of P46.02:$1.

Money sent home by Filipinos working abroad grew by 7.8 percent to $13.8 billion in the first nine months this year, from $12.8 billion last year.

For this year, the BSP expect remittances to grow by 8 percent from the 2009 full-year inflows of $17.3
billion.

For the first quarter of next year, more households expect that their expenditures on basic goods and services, specifically on food, electricity, fuel, personal care and transportation, to go up, indicating that substantial inflationary pressure could come from these goods and services.

The BSP earlier reported that consumer confidence hit an all-time high of -8.5 percent in the current quarter from -14 percent in the previous quarter amid the country’s sound macroeconomic fundamentals and brighter prospects ahead.

Inflation in November was recorded at 3 percent or slightly higher than the previous month’s 2.8 percent.

Last month’s price uptick brought the year-to-date average inflation to 3.8 percent or close to the lower end of the BSP full-year target of between 3.5 percent and 5.5 percent.

BSP Gov. Amando Tetangco Jr. had said the central bank would continue to monitor the impact of new policy measures in major economies on domestic liquidity, global growth prospects and investor risk appetite to see if adjustments are needed.

:cheers::cheers:

bahaw na yan.....dahil ang november figures nag slow down ang exports ng PH.....

OFW households spending less on big-ticket items :ohno:

The Manila Times.net
Monday, 13 December 2010
BY LAILANY P. GOMEZ REPORTER

OVERSEAS Filipino worker (OFW) households have reduced their expenditures on big-ticket items such as property and motor vehicles amid the peso’s strength, according to a survey by the Philippine central bank.

In the latest round of its Consumer Expectations Survey, the Bangko Sentral ng Pilipinas (BSP) said OFW households that used remittances to buy consumer durables fell to 28.9 percent in the fourth quarter from 31 percent in the previous three-month period.

Survey respondents who bought cars fell from 11.3 percent to 7.7 percent, quarter-on-quarter.

The survey further showed that the percentage of OFW households that apportioned part of their remittances for amortization or full payment of home purchases also went down to 11.3 percent from 15.5 percent.

OFW households that allocated part of their remittances to investments likewise dipped to 5.8 percent from 7 percent in the previous quarter, while those that set aside money for savings stabilized at 43 percent over the past two quarters, from only 7.2 percent in the first quarter of 2007.

Of the 534 households with OFWs, 96.7 percent said they spent part of their remittances on food and other household needs.

About 72.6 percent of respondents said they allocated their remittances for education, while 61.1 percent said they used the money for health care.

Nearly half said they used the remittances for debt payments.

The survey was conducted on October 1 to 15 this year, when the peso averaged 43.44 to the US dollar, down from the previous month’s 44.31 average.

The peso-dollar exchange rate has lost five percent since the January average of P46.02:$1.

Money sent home by Filipinos working abroad grew by 7.8 percent to $13.8 billion in the first nine months this year, from $12.8 billion last year.

For this year, the BSP expect remittances to grow by 8 percent from the 2009 full-year inflows of $17.3
billion.

For the first quarter of next year, more households expect that their expenditures on basic goods and services, specifically on food, electricity, fuel, personal care and transportation, to go up, indicating that substantial inflationary pressure could come from these goods and services.

The BSP earlier reported that consumer confidence hit an all-time high of -8.5 percent in the current quarter from -14 percent in the previous quarter amid the country’s sound macroeconomic fundamentals and brighter prospects ahead.

Inflation in November was recorded at 3 percent or slightly higher than the previous month’s 2.8 percent.

Last month’s price uptick brought the year-to-date average inflation to 3.8 percent or close to the lower end of the BSP full-year target of between 3.5 percent and 5.5 percent.

BSP Gov. Amando Tetangco Jr. had said the central bank would continue to monitor the impact of new policy measures in major economies on domestic liquidity, global growth prospects and investor risk appetite to see if adjustments are needed.

o mga ka kosa.....di tama observations ko....na mas kokonti bumibili ngayon sa mga malls...mga tao pasyalers lang at tambayers walang masyadong binibili....nagpapalamig lang....:lol: imagine it's christmas season and meron pang mga sale....sa sm at robinsons....ano yun?

hopefully ma meet natin ang 7gdp growth.....dahil next year eh mukhang mag slow down tayo sa 5 na gdp dahil...good economic mismanagement ng aquino team....:lol: baka kalbuhin ako ng mga symphatizers ni pnoy....o mga manong at manang ha....backed by figures ang ngawa ko dito....hindi kuro kuro lang......:lol: defend nyo pa yung manok nyo...kasi wlang kasing galing...:ohno:

hopefully ma meet natin ang 7gdp growth.....dahil next year eh mukhang mag slow down tayo sa 5 na gdp dahil...good economic mismanagement ng aquino team....:lol: baka kalbuhin ako ng mga symphatizers ni pnoy....o mga manong at manang ha....backed by figures ang ngawa ko dito....hindi kuro kuro lang......:lol: defend nyo pa yung manok nyo...kasi wlang kasing galing...:ohno:

kaya nga bilib na bilib ako sa idol mong si gloria. top notch economist kuno pero .9% growth lang sa 2009.

pero si aquino na simple graduate lang na economics 7% dis 2010 and 5-6% sa 2011.

ayus. galing talaga. .9%. :lol::lol::lol:

kaya nga bilib na bilib ako sa idol mong si gloria. top notch economist kuno pero .9% growth lang sa 2009.

pero si aquino na simple graduate lang na economics 7% dis 2010 and 5-6% sa 2011.

ayus. galing talaga. .9%. :lol::lol::lol:

ay ang talino ng analysis nya....:lol: no wonder bilib na bilib ka kay pnoy....burds of the pider....bopol together....:lol:

ay ang talino ng analysis nya....:lol: no wonder bilib na bilib ka kay pnoy....burds of the pider....bopol together....:lol:

akala ko ba, based on paks ka? ngayon bopol na kami? :lol::lol::lol:

nagiging baklang ulyanin ka na yata dad. palengkerang chismosa na, ulyanin pa.

ano mali sa sinabi ko. totoo naman na .9% ang growth as 2009 under your beloved gloria ah. :lol::lol::lol:

mas maganda ba ang .9% sa 7% sa 2010 and 5-6% sa 2011? :lol::banana:

akala ko ba, based on paks ka? ngayon bopol na kami? :lol::lol::lol:

nagiging baklang ulyanin ka na yata dad. palengkerang chismosa na, ulyanin pa.

ano mali sa sinabi ko. totoo naman na .9% ang growth as 2009 under your beloved gloria ah. :lol::lol::lol:

mas maganda ba ang .9% sa 7% sa 2010 and 5-6% sa 2011? :lol::banana:

kung dyan ka masaya.....:lol: at gusto mong paniwalaan sa sarili mo :lol:

kung dyan ka masaya.....:lol: at gusto mong paniwalaan sa sarili mo :lol:

hindi naman masaya or hindi ang pinag uusapan natin. pero kung kasiyahan na lang din ang tanong mo, sige tatanungin na lang kita.

masaya ka ba sa .9% growth rate ng lola mo nung 2009, compared sa 7% growth rate ni panot ngayon 2010 and projected 5-6% growth rate sa 2011?

:lol::lol:

bahaw na yan.....dahil ang november figures nag slow down ang exports ng PH.....



o mga ka kosa.....di tama observations ko....na mas kokonti bumibili ngayon sa mga malls...mga tao pasyalers lang at tambayers walang masyadong binibili....nagpapalamig lang....:lol: imagine it's christmas season and meron pang mga sale....sa sm at robinsons....ano yun?

hopefully ma meet natin ang 7gdp growth.....dahil next year eh mukhang mag slow down tayo sa 5 na gdp dahil...good economic mismanagement ng aquino team....:lol: baka kalbuhin ako ng mga symphatizers ni pnoy....o mga manong at manang ha....backed by figures ang ngawa ko dito....hindi kuro kuro lang......:lol: defend nyo pa yung manok nyo...kasi wlang kasing galing...:ohno:

Sinabi bumaba ang pagbili ng mga bahay at autos hindi tulad ng nakaraan. Hindi kasama diyan ang pagbaba ng pagbibili ng mga damit at pagkain. Intintindihin mabuti. Hindi sapat magaling magsulat ng igles, kailangan magaling din maganalyze at umintindi sa ingles...:lol::lol::lol: Depende yan sa international financial atmosphere. Kung filipinas lang ang may projection na pagbaba at wala nang ibang bansa, that means, hindi kayang umangat ng filipinas kahit na patuloy ang pagsulong ng ibang bansa.

Its according how The World Economy runs. If next year's target growth for most countries (including The Philippines) is lower than this year, than its normal.

That's what I am saying also. The projected decline in economy will be dictated by international financial atmosphere. Even if there are countries expressed their interest on the Philippines, if their economy sag along with other countries, it will have a direct effect in the Philippines. That has nothing to do with how the economy is being managed by the current administration. It is a different story if the projected slowdown is exclusive only to the Philippines.

That's what I am saying also. The projected decline in economy will be dictated by international financial atmosphere. Even if there are countries expressed their interest on the Philippines, if their economy sag along with other countries, it will have a direct effect in the Philippines. That has nothing to do with how the economy is being managed by the current administration. It is a different story if the projected slowdown is exclusive only to the Philippines.

don't be too stressed about it, some trolls just want to have fun.

ang problema, ang daming mga impressionable young minds dito, mga below 20 years old na madaling masway dahil it is fashionable for people to be critical, even at the expense of critical thinking.

tingnan mo, pag mainit at substantial and discussion, nawawala na yan si kalbo. pero pag maraming forumers na alam mo hindi masyadong steeped sa economic theory, tira ng tira.

ang mga bata naman dito, hooray ng hooray dahil, it is cool to be critical nga of the administration. :lol:

^^ I can understand that with all these youngens but to an old fart like someone out there, he does not make any sense at all. Some of these kids knew more about the economy, you would expect someone who is over 40 would have a better understanding of the economy especially if they are in a very good profession.

^^ I can understand that with all these youngens but to an old fart like someone out there, he does not make any sense at all. Some of these kids knew more about the economy, you would expect someone who is over 40 would have a better understanding of the economy especially if they are in a very good profession.

well a hater is always a hater, parang mga flomos yan eh. (die hard mayweather fans).

kahit ano sasabihin just to diss an opponent. yan nga lang at the expense ng mga bata.

ang problema, mga tao dito, nagiging critical lang. wala naman critical thinking. kasi, cool nga tuligsain ang administration when despite some of its missteps, the country is experiencing one of the best investment climate in years.

Mounting public holidays hurting Philippines: business

www.abs-cbnnews.com
Agence France-Presse
Posted at 12/13/2010 3:28 PM | Updated as of 12/13/2010 3:28 PM

MANILA, Philippines - Campaigns to declare national holidays in the Philippines that would honor pets and fishermen are fueling business anger over the mounting number of days off workers enjoy each year.

Too many holidays are forcing many potential investors to avoid the country while raising costs for employers by tens of millions of dollars, according to a study published by seven foreign chambers of commerce on Monday.

Filipino workers had 21 public holidays this year, compared with nine in Vietnam, 11 in Singapore and 12 in Taiwan, said the study.

"Every paid holiday goes to the bottom line of the balance sheet, and, like minimum wages, can pressure firms that operate on low-profit margins to reduce their work force, close, or move into the underground economy," it said.

"The government rarely consults business stakeholders, although each holiday adds tens of millions of dollars to their payrolls."

The study noted that the number of Philippine holidays had risen from 12 in 1987 to the 21 this year, mainly for religious festivals, and that parliament was considering 16 more.

Lawmakers were looking to declare holidays that would honor, among others, soldiers, families, children, farmers, fishermen, Chinese Lunar New Year, pets and human rights.

The business groups also took issue with the fickle and unpredictable nature of the holiday declarations, which they noted were sometimes done on very short notice, disrupting work schedules and increasing corporate costs.

"It makes us more uncompetitive," John Forbes, of the American Chamber of Commerce and the principal author of the study, told a news conference.

He said small companies that lacked the resources to pay extra holiday pay were often forced into the "underground economy", where no taxes were paid and laws safeguarding labour rights were ignored.

Meanwhile, potential foreign investors simply shunned the country, according to Forbes.

Oscar Sanez, president of the Business Processing Association of the Philippines, said the problem impacted heavily on outsourcing, one of the country's few globally competitive industries.

"If you operate on a low margin and your cost increases, then you start looking elsewhere," Sanez told Agence France-Presse.

However, Cristino Panlilio, head of the trade ministry's Board of Investments, dismissed the issue as overblown, saying many of the Philippines' neighbors also had many holidays and remained competitive.

"They're wrong in saying it's costing us," Panlilio told AFP.

Long weekends awaiting yearend revelers

BusinessWorld Online
December 12, 2010

TWO LONG weekends will mark the remaining days of the year after Malacañang yesterday announced the list of holidays based on a proclamation of the past administration.

Presidential Communications Operations Office Secretary Herminio R. Coloma, Jr. said over state-run dzRB (Radyo ng Bayan) the following dates have been declared holidays:

Dec. 24 (Christmas Eve), special non-working day;

Dec. 25 (Christmas Day) regular non-working holiday;

Dec. 27 (Monday), regular non-working holiday to commemorate Rizal Day originally set on Dec. 30;

Dec. 31 (New Years’ Eve), special non-working holiday; and

Jan. 1 (New Year), non-working day.
"This is in accordance to Proclamation No. 1841 series of 2009, which has been retained as relevant for December this year after deliberation by the Office of the President," according to a briefing material on holidays released to media.

Proclamation 1841, issued by then president Gloria Macapagal-Arroyo in 2009, has declared certain days -- either specific or movable -- as special or regular holidays pursuant to Republic Act (RA) 9492, or the so-called holiday economics law, which amended the 1987 Administrative Code.

It further states that RA 9492 "provides that holidays, except those which are religious in nature, are moved to the nearest Monday unless otherwise modified by law, order or proclamation." -- Ana Mae G. Roa

Asia seen facing major financial challenges in ’11

Currency war, asset bubble threat

By Doris Dumlao
Philippine Daily Inquirer
First Posted 21:51:00 12/12/2010

MANILA, Philippines—Addressing the asset bubble threat and averting a currency war—where countries devalue their currencies to stay competitive—will likely be the key financial challenges that Asia will face in the coming year, according to British bank Standard Chartered.

In its global outlook for 2011, StanChart said Asia would continue to lead global recovery but it would have to tackle the “problems of success.”

In the longer run, the region must develop its capital markets to be able to absorb excess short-term liquidity and channel it to long-term productive uses, such as physical and social infrastructure and funding for small and medium enterprises and innovation, the report said.

Stanchart said the threat of asset bubble was fueled by the risk of a double-dip in the G3 economies, referring to the United States, European Community and Japan. Such a downturn, it said, would keep major central banks pump-priming their liquidity, driving more capital to Asia.

Stanchart predicted that capital controls and more targeted macro-prudential measures would be introduced to restrain asset prices, on top of more aggressive monetary tightening and stronger currencies.

“Economies with open capital accounts or fixed/targeted exchange rates—or, worse, both—will be in a dilemma. Their efforts to drain domestic liquidity through higher interest rates or to curb import prices through currency appreciation will attract stronger capital inflows, disrupting or undermining their original objectives,” it said.

“The challenge will be striking the right balance, but draconian capital controls—like those imposed by Thailand in 2006 or Malaysia in 1998—are unlikely,” the report said.

Averting a currency war among the major economies is also seen topping Asia’s financial agenda in 2011. While China is likely to maintain a steady pace of Chinese yuan appreciation against the US dollar, the British bank said most other Asian currencies could face stronger and more erratic upward pressure, given their more open capital accounts and smaller economies. The Hong Kong dollar peg will not be compromised, it said, but adjustment pressure was seen falling on asset prices.

“While no major changes are expected to exchange rate regimes, the war of words in currency markets will undermine financial-market stability and fuel protectionism,” the bank said.

The Philippine peso, for its part, was projected by Stanchart to appreciate to 41 to the US dollar by the fourth quarter of 2011. The peso closed at 43.66 on Friday.

The need to tackle strong capital flows, the bank said, might lead to closer cooperation among the region’s market participants and some realignment in the regulatory and financial infrastructure. It projected that strong capital inflows and sizeable current account surpluses would see further build-up of Asia’s official foreign exchange reserves in 2011.

“The threats of a currency war and protectionism will prompt Asian governments to build up their own war chests and/or expand regional liquidity support arrangements like the Chiang Mai Initiative Multilateralization. This will also facilitate the internationalization of the CNY to become a regional trade and reserve currency,” the bank said.

It also noted that strong balance sheets and good economic growth should enable Asian financial institutions to adapt better to reforms mandated by Basel III and other initiatives than their counterparts in other regions, leading to a further expansion of Asian banks overseas.

“The solid recovery in 2010 will allow Asian governments to gradually scale back fiscal stimulus, cutting budget deficits and improving their fiscal health. While most Asian governments are in much healthier fiscal positions than the major economies, some—including Malaysia, India, Vietnam and the Philippines—will need to keep the fiscal reins tight in order to keep the rating agencies off their backs,” it said.

The Philippines was projected to grow by 7.2 percent for the full year 2010 but the growth rate would moderate to 5.4 percent in 2011 and pick up again to 6 percent in 2012 and 2013.

It said more efforts are needed across the region to improve the private-sector operating environment, especially for SMEs, which provide most of the employment in the region.

bahaw na yan.....dahil ang november figures nag slow down ang exports ng PH.....



o mga ka kosa.....di tama observations ko....na mas kokonti bumibili ngayon sa mga malls...mga tao pasyalers lang at tambayers walang masyadong binibili....nagpapalamig lang....:lol: imagine it's christmas season and meron pang mga sale....sa sm at robinsons....ano yun?

hopefully ma meet natin ang 7gdp growth.....dahil next year eh mukhang mag slow down tayo sa 5 na gdp dahil...good economic mismanagement ng aquino team....:lol: baka kalbuhin ako ng mga symphatizers ni pnoy....o mga manong at manang ha....backed by figures ang ngawa ko dito....hindi kuro kuro lang......:lol: defend nyo pa yung manok nyo...kasi wlang kasing galing...:ohno:

Can I join in?:)

Yeah, those guys may be just coolling themselves off, inside SM/Robinson
and not buying anything, even with "SALES" sign everywhere. :) SM/Robinson are likely getting rid of their inventory or simply a marketing strategy to sell their products quicker, without compromising their profit margin.:)
Clearly, it is mostly big ticket items like home, car or even furnitures and appliances that won't be moving fast in the market due to reduction of remittances from OFW's, or even locals.

The current administration has nothing to do with it, simply due to global economic climate.:)

Its according how The World Economy runs. If next year's target growth for most countries (including The Philippines) is lower than this year, than its normal.

That's what I am saying also. The projected decline in economy will be dictated by international financial atmosphere. Even if there are countries expressed their interest on the Philippines, if their economy sag along with other countries, it will have a direct effect in the Philippines. That has nothing to do with how the economy is being managed by the current administration. It is a different story if the projected slowdown is exclusive only to the Philippines.

don't be too stressed about it, some trolls just want to have fun.

ang problema, ang daming mga impressionable young minds dito, mga below 20 years old na madaling masway dahil it is fashionable for people to be critical, even at the expense of critical thinking.

tingnan mo, pag mainit at substantial and discussion, nawawala na yan si kalbo. pero pag maraming forumers na alam mo hindi masyadong steeped sa economic theory, tira ng tira.

ang mga bata naman dito, hooray ng hooray dahil, it is cool to be critical nga of the administration. :lol:

if we follow that logic....ibig sabihin....mga abnormal mga intsik, bombay at vietnamese at ibang mabilis ang takbo na ekonomiya......tayo ang normal...:lol:

Philippines to be hit by power cuts in 2011 - Energy chief :ohno:

www.abs-cbnnews.com
Reuters
Posted at 12/13/2010 4:33 PM | Updated as of 12/13/2010 4:36 PM

MANILA, Philippines - The main island of Luzon could face power cuts next year, with supply possibly hitting critical levels before around 2,700 megawatts from new coal plants come on stream from 2013, the energy secretary said on Monday.

The capital Manila -- home to at least 10 million Filipinos and where many foreign outsourcing companies operate -- will be hit hard by the outages, with peak demand projected to hit 7,900 MW next year in the whole island, 300 MW higher than this year's peak demand.

"If 7,900 MW peak demand happens, the calculations show we are going to be 300 MW short," Jose Rene Almendras told foreign correspondents.

The energy department has asked all power generating companies to do preventive maintenance work before 2011 to avoid any interruptions to their operations, particularly during the summer months from March to May.

"If a plant goes off during the summer months, when demand is very high, then there is going to be brownout," Almendras said."

A 600-megawatt coal-fired power plant being built by GNPower Co Ltd of the United States in Bataan province northwest of Manila would be the first facility to operate, Almendras said.

The other coal-fired power projects will be built by Philippine conglomerate San Miguel Corp., Manila Electric Co. (Meralco), and Aboitiz Power Corp.

It takes at least three years to build power plants, and no new project was planned in 2009 to ensure additional power demand would be met amid steady economic growth, Almendras said.

Manila expects the economy to grow faster than its 5% to 6% target this year, and expand 7% to 8% in 2011.

The government could move between 150 and 200 MW of extra supply to Luzon from the Visayas region in central Philippines, Almendras said.

"Generation projects (for Luzon) should have come as early 2009 and yet nothing happened," Almendras said. "We need to plan three years, or four years, or ideally even five years ahead."

Many parts of the country were hit by rotational brownouts early this year after the El Nino phenomenon resulted in low water levels, shutting several hydro power plants on Luzon.

The lack of power supply prompted the government to adopt energy saving measures such as shutting airconditioning units earlier than usual and operating escalators and elevators in government offices at reduced number of hours. MANILA, Philippines - The main island of Luzon could face power cuts next year, with supply possibly hitting critical levels before around 2,700 megawatts from new coal plants come on stream from 2013, the energy secretary said on Monday.

The capital Manila -- home to at least 10 million Filipinos and where many foreign outsourcing companies operate -- will be hit hard by the outages, with peak demand projected to hit 7,900 MW next year in the whole island, 300 MW higher than this year's peak demand.

"If 7,900 MW peak demand happens, the calculations show we are going to be 300 MW short," Jose Rene Almendras told foreign correspondents.

The energy department has asked all power generating companies to do preventive maintenance work before 2011 to avoid any interruptions to their operations, particularly during the summer months from March to May.

"If a plant goes off during the summer months, when demand is very high, then there is going to be brownout," Almendras said."

A 600-megawatt coal-fired power plant being built by GNPower Co Ltd of the United States in Bataan province northwest of Manila would be the first facility to operate, Almendras said.

The other coal-fired power projects will be built by Philippine conglomerate San Miguel Corp., Manila Electric Co. (Meralco), and Aboitiz Power Corp.

It takes at least three years to build power plants, and no new project was planned in 2009 to ensure additional power demand would be met amid steady economic growth, Almendras said.

Manila expects the economy to grow faster than its 5% to 6% target this year, and expand 7% to 8% in 2011.

The government could move between 150 and 200 MW of extra supply to Luzon from the Visayas region in central Philippines, Almendras said.

"Generation projects (for Luzon) should have come as early 2009 and yet nothing happened," Almendras said. "We need to plan three years, or four years, or ideally even five years ahead."

Many parts of the country were hit by rotational brownouts early this year after the El Nino phenomenon resulted in low water levels, shutting several hydro power plants on Luzon.

The lack of power supply prompted the government to adopt energy saving measures such as shutting airconditioning units earlier than usual and operating escalators and elevators in government offices at reduced number of hours.

^^
Simulan na kasi ang paggawa ng Nuclear Power Plants..

Foreign chambers back $7.5-B FDI plan (http://www.philstar.com/Article.aspx?articleId=638959&publicationSubCategoryId=66)

MANILA, Philippines - Foreign businessmen have laid out a medium-term plan to generate $7.5-billion in direct investments to the Philippines in anticipation of robust economic growth within five to six years.

In a press briefing during the launch yesterday of “Arangkada Philippines 2010: A Business Perspective” at the Board of Investments (BOI), Trade Secretary Gregory L. Domingo said the Joint Foreign Chambers (JFC) expressed confidence the domestic economy could double its growth in five years to keep in pace with its ASEAN neighbors.

The growth in the country’s gross domestic product (GDP) over the past two decades has languished behind its ASEAN 6 neighbors (Indonesia, Malaysia, Singapore, Brunei, Vietnam and Thailand).

Based on the Arangkada plan, JFC said it targets GDP growth from nine percent to 10 percent, twice as fast as the 4.6 percent average growth from 2001 to mid-2010.

It added that FDI inflows to the Philippines, along with domestic investment ratio, are likewise weakest among the ASEAN 6.

Domingo said FDIs currently stand at $2.5 billion, also trailing behind what ASEAN 6 get.

However, despite the gains in economic growth, the JFC noted that growth has not trickled down and that poverty remains high.

“The Philippines has made less progress than others in reducing poverty. Future growth must be more inclusive,” said Angelica Pettersson, executive director of the Australian-New Zealand Chamber of Commerce.

Likewise, the study said that there is a need to increase and diversify exports because it is overly dependent on electronics.


Phl to get more upgrades - DBS Bank
(http://www.philstar.com/Article.aspx?articleId=638964&publicationSubCategoryId=66)

MANILA, Philippines - Singapore-based DBS Bank Ltd. believes that the Philippines faces more upgrades from international credit rating agencies on the back of its improving macroeconomic and fiscal fundamentals.

DBS economist David Carbon said in the investment bank’s Emerging Markets Strategy for the first quarter of 2011 that the Philippines has come out stronger from the global crisis as evidenced by its relatively high growth amidst stable inflation, a stronger international liquidity position, and even improvements in fiscal finances.

“Looking ahead, the door for more ratings upgrade should be opened if the Philippines succeed in maintaining its post-crisis positive momentum,” DBS stated in the report.

The investment bank cited the decision of New York-based Standard and Poor’s to upgrade the country’s credit rating to two notches below investment grade but kept a stable credit rating outlook.

It added that the upgrade was also supported by the improvement in the country’s international liquidity position. Latest data showed that the country’s gross international reserves (GIR) hit a new record level of $61.3 billion as of end-November.

The country’s domestic output as measured by the gross domestic product (GDP) posted a surprising growth of 7.5 percent in the first nine months of the year from 0.7 percent in the same period last year. The Philippines escaped recession after its GDP growth slackened to 1.1 percent from 3.8 percent in 2008 due to the full impact of the global financial crisis.

DBS believes that the country’s GDP growth would average 6.2 percent this year before slowing down to five percent next year.

The investment bank is also convinced that the administration of President Aquino would deliver on its promise to trim the budget deficit to two percent starting 2013 until the end of his term in 2016 from the current level of 3.9 percent.

“President Aquino appears to be fulfilling his campaign pledge of prudent spending,” it added.
The Bangko Sentral ng Pilipinas (BSP) hopes the Philippines to get another credit rating upgrade from New York-based Moody’s Investors Service before the end of the year after getting a sovereign credit rating upgrade from S&P last Nov. 12.

Mounting public holidays hurting Philippines: business

www.abs-cbnnews.com
Agence France-Presse
Posted at 12/13/2010 3:28 PM | Updated as of 12/13/2010 3:28 PM

MANILA, Philippines - Campaigns to declare national holidays in the Philippines that would honor pets and fishermen are fueling business anger over the mounting number of days off workers enjoy each year.

Too many holidays are forcing many potential investors to avoid the country while raising costs for employers by tens of millions of dollars, according to a study published by seven foreign chambers of commerce on Monday.

Filipino workers had 21 public holidays this year, compared with nine in Vietnam, 11 in Singapore and 12 in Taiwan, said the study.

"Every paid holiday goes to the bottom line of the balance sheet, and, like minimum wages, can pressure firms that operate on low-profit margins to reduce their work force, close, or move into the underground economy," it said.

"The government rarely consults business stakeholders, although each holiday adds tens of millions of dollars to their payrolls."

The study noted that the number of Philippine holidays had risen from 12 in 1987 to the 21 this year, mainly for religious festivals, and that parliament was considering 16 more.

Lawmakers were looking to declare holidays that would honor, among others, soldiers, families, children, farmers, fishermen, Chinese Lunar New Year, pets and human rights.

The business groups also took issue with the fickle and unpredictable nature of the holiday declarations, which they noted were sometimes done on very short notice, disrupting work schedules and increasing corporate costs.

"It makes us more uncompetitive," John Forbes, of the American Chamber of Commerce and the principal author of the study, told a news conference.

He said small companies that lacked the resources to pay extra holiday pay were often forced into the "underground economy", where no taxes were paid and laws safeguarding labour rights were ignored.

Meanwhile, potential foreign investors simply shunned the country, according to Forbes.

Oscar Sanez, president of the Business Processing Association of the Philippines, said the problem impacted heavily on outsourcing, one of the country's few globally competitive industries.

"If you operate on a low margin and your cost increases, then you start looking elsewhere," Sanez told Agence France-Presse.

However, Cristino Panlilio, head of the trade ministry's Board of Investments, dismissed the issue as overblown, saying many of the Philippines' neighbors also had many holidays and remained competitive.

"They're wrong in saying it's costing us," Panlilio told AFP.

Long weekends awaiting yearend revelers

BusinessWorld Online
December 12, 2010

TWO LONG weekends will mark the remaining days of the year after Malacañang yesterday announced the list of holidays based on a proclamation of the past administration.

Presidential Communications Operations Office Secretary Herminio R. Coloma, Jr. said over state-run dzRB (Radyo ng Bayan) the following dates have been declared holidays:

Dec. 24 (Christmas Eve), special non-working day;

Dec. 25 (Christmas Day) regular non-working holiday;

Dec. 27 (Monday), regular non-working holiday to commemorate Rizal Day originally set on Dec. 30;

Dec. 31 (New Years’ Eve), special non-working holiday; and

Jan. 1 (New Year), non-working day.
"This is in accordance to Proclamation No. 1841 series of 2009, which has been retained as relevant for December this year after deliberation by the Office of the President," according to a briefing material on holidays released to media.

Proclamation 1841, issued by then president Gloria Macapagal-Arroyo in 2009, has declared certain days -- either specific or movable -- as special or regular holidays pursuant to Republic Act (RA) 9492, or the so-called holiday economics law, which amended the 1987 Administrative Code.

It further states that RA 9492 "provides that holidays, except those which are religious in nature, are moved to the nearest Monday unless otherwise modified by law, order or proclamation." -- Ana Mae G. Roa


:lol: what goes around comes around......isa ito sa mga ayaw ni pnoy kay little evil gloria kaya yung mga holiday declarations ng dating admin...gusto nya maiba......see now...the more he declares to be different the more he looks the same.....:lol:

na realize siguro ni pnoy na tama pala holiday economics ni little evil gloria..:lol:



Asia seen facing major financial challenges in ’11


Currency war, asset bubble threat

By Doris Dumlao
Philippine Daily Inquirer
First Posted 21:51:00 12/12/2010

MANILA, Philippines—Addressing the asset bubble threat and averting a currency war—where countries devalue their currencies to stay competitive—will likely be the key financial challenges that Asia will face in the coming year, according to British bank Standard Chartered.

In its global outlook for 2011, StanChart said Asia would continue to lead global recovery but it would have to tackle the “problems of success.”

In the longer run, the region must develop its capital markets to be able to absorb excess short-term liquidity and channel it to long-term productive uses, such as physical and social infrastructure and funding for small and medium enterprises and innovation, the report said.

Stanchart said the threat of asset bubble was fueled by the risk of a double-dip in the G3 economies, referring to the United States, European Community and Japan. Such a downturn, it said, would keep major central banks pump-priming their liquidity, driving more capital to Asia.

Stanchart predicted that capital controls and more targeted macro-prudential measures would be introduced to restrain asset prices, on top of more aggressive monetary tightening and stronger currencies.

“Economies with open capital accounts or fixed/targeted exchange rates—or, worse, both—will be in a dilemma. Their efforts to drain domestic liquidity through higher interest rates or to curb import prices through currency appreciation will attract stronger capital inflows, disrupting or undermining their original objectives,” it said.

“The challenge will be striking the right balance, but draconian capital controls—like those imposed by Thailand in 2006 or Malaysia in 1998—are unlikely,” the report said.

Averting a currency war among the major economies is also seen topping Asia’s financial agenda in 2011. While China is likely to maintain a steady pace of Chinese yuan appreciation against the US dollar, the British bank said most other Asian currencies could face stronger and more erratic upward pressure, given their more open capital accounts and smaller economies. The Hong Kong dollar peg will not be compromised, it said, but adjustment pressure was seen falling on asset prices.

“While no major changes are expected to exchange rate regimes, the war of words in currency markets will undermine financial-market stability and fuel protectionism,” the bank said.

The Philippine peso, for its part, was projected by Stanchart to appreciate to 41 to the US dollar by the fourth quarter of 2011. The peso closed at 43.66 on Friday.

The need to tackle strong capital flows, the bank said, might lead to closer cooperation among the region’s market participants and some realignment in the regulatory and financial infrastructure. It projected that strong capital inflows and sizeable current account surpluses would see further build-up of Asia’s official foreign exchange reserves in 2011.

“The threats of a currency war and protectionism will prompt Asian governments to build up their own war chests and/or expand regional liquidity support arrangements like the Chiang Mai Initiative Multilateralization. This will also facilitate the internationalization of the CNY to become a regional trade and reserve currency,” the bank said.

It also noted that strong balance sheets and good economic growth should enable Asian financial institutions to adapt better to reforms mandated by Basel III and other initiatives than their counterparts in other regions, leading to a further expansion of Asian banks overseas.

“The solid recovery in 2010 will allow Asian governments to gradually scale back fiscal stimulus, cutting budget deficits and improving their fiscal health. While most Asian governments are in much healthier fiscal positions than the major economies, some—including Malaysia, India, Vietnam and the Philippines—will need to keep the fiscal reins tight in order to keep the rating agencies off their backs,” it said.

The Philippines was projected to grow by 7.2 percent for the full year 2010 but the growth rate would moderate to 5.4 percent in 2011 and pick up again to 6 percent in 2012 and 2013.

It said more efforts are needed across the region to improve the private-sector operating environment, especially for SMEs, which provide most of the employment in the region.


oi dito masusubukan ang acumen ni pnoy sa economic matters....sana lang magaling economic team nya....so far unimpressive ang record nila ha....maliban na lang kay yung sa bir....si kim jacinto....mukhang ok sya dun....


Philippines to be hit by power cuts in 2011 - Energy chief :ohno:

www.abs-cbnnews.com
Reuters
Posted at 12/13/2010 4:33 PM | Updated as of 12/13/2010 4:36 PM

MANILA, Philippines - The main island of Luzon could face power cuts next year, with supply possibly hitting critical levels before around 2,700 megawatts from new coal plants come on stream from 2013, the energy secretary said on Monday.

The capital Manila -- home to at least 10 million Filipinos and where many foreign outsourcing companies operate -- will be hit hard by the outages, with peak demand projected to hit 7,900 MW next year in the whole island, 300 MW higher than this year's peak demand.

"If 7,900 MW peak demand happens, the calculations show we are going to be 300 MW short," Jose Rene Almendras told foreign correspondents.

The energy department has asked all power generating companies to do preventive maintenance work before 2011 to avoid any interruptions to their operations, particularly during the summer months from March to May.

"If a plant goes off during the summer months, when demand is very high, then there is going to be brownout," Almendras said."

A 600-megawatt coal-fired power plant being built by GNPower Co Ltd of the United States in Bataan province northwest of Manila would be the first facility to operate, Almendras said.

The other coal-fired power projects will be built by Philippine conglomerate San Miguel Corp., Manila Electric Co. (Meralco), and Aboitiz Power Corp.

It takes at least three years to build power plants, and no new project was planned in 2009 to ensure additional power demand would be met amid steady economic growth, Almendras said.

Manila expects the economy to grow faster than its 5% to 6% target this year, and expand 7% to 8% in 2011.

The government could move between 150 and 200 MW of extra supply to Luzon from the Visayas region in central Philippines, Almendras said.

"Generation projects (for Luzon) should have come as early 2009 and yet nothing happened," Almendras said. "We need to plan three years, or four years, or ideally even five years ahead."

Many parts of the country were hit by rotational brownouts early this year after the El Nino phenomenon resulted in low water levels, shutting several hydro power plants on Luzon.

The lack of power supply prompted the government to adopt energy saving measures such as shutting airconditioning units earlier than usual and operating escalators and elevators in government offices at reduced number of hours. MANILA, Philippines - The main island of Luzon could face power cuts next year, with supply possibly hitting critical levels before around 2,700 megawatts from new coal plants come on stream from 2013, the energy secretary said on Monday.

The capital Manila -- home to at least 10 million Filipinos and where many foreign outsourcing companies operate -- will be hit hard by the outages, with peak demand projected to hit 7,900 MW next year in the whole island, 300 MW higher than this year's peak demand.

"If 7,900 MW peak demand happens, the calculations show we are going to be 300 MW short," Jose Rene Almendras told foreign correspondents.

The energy department has asked all power generating companies to do preventive maintenance work before 2011 to avoid any interruptions to their operations, particularly during the summer months from March to May.

"If a plant goes off during the summer months, when demand is very high, then there is going to be brownout," Almendras said."

A 600-megawatt coal-fired power plant being built by GNPower Co Ltd of the United States in Bataan province northwest of Manila would be the first facility to operate, Almendras said.

The other coal-fired power projects will be built by Philippine conglomerate San Miguel Corp., Manila Electric Co. (Meralco), and Aboitiz Power Corp.

It takes at least three years to build power plants, and no new project was planned in 2009 to ensure additional power demand would be met amid steady economic growth, Almendras said.

Manila expects the economy to grow faster than its 5% to 6% target this year, and expand 7% to 8% in 2011.

The government could move between 150 and 200 MW of extra supply to Luzon from the Visayas region in central Philippines, Almendras said.

"Generation projects (for Luzon) should have come as early 2009 and yet nothing happened," Almendras said. "We need to plan three years, or four years, or ideally even five years ahead."

Many parts of the country were hit by rotational brownouts early this year after the El Nino phenomenon resulted in low water levels, shutting several hydro power plants on Luzon.

The lack of power supply prompted the government to adopt energy saving measures such as shutting airconditioning units earlier than usual and operating escalators and elevators in government offices at reduced number of hours.

oi.....sounds family.......diba kaya tinawag si cory noon na queen of darkness.....(excuse the pun tita) dahil sa mga brown out....ngayon mukhang susunod sa yapak ang anak......hmmm the fruit sabi nga does not fall far from the tree....

oi.....sounds family.......diba kaya tinawag si cory noon na queen of darkness.....(excuse the pun tita) dahil sa mga brown out....ngayon mukhang susunod sa yapak ang anak......hmmm the fruit sabi nga does not fall far from the tree....

Ano ka ba kasalanan lahat yan ni PGMA... walang responsibilidad dito ang nakaupo ngayon. Kahit sya na ang nakaupo wala syang kasalanan pero nangunguna sa pagangkin ng credit kapag maganda ang nangyari. DOBLE ISTANDARD ika ng ni mang bosyong.

Ano ka ba kasalanan lahat yan ni PGMA... walang responsibilidad dito ang nakaupo ngayon. Kahit sya na ang nakaupo wala syang kasalanan pero nangunguna sa pagangkin ng credit kapag maganda ang nangyari. DOBLE ISTANDARD ika ng ni mang bosyong.

sumusobra ka na di totoo yan:D


:lol:

ang kurapsyon ngayon si xPGMA pa rin ang dahilan:D

sana totoo pronouncement ng dbs.....that would be good for the country.....salamat pangulong _________ kayo na lagay kung sino man trip nyo....:lol:

That's what I am saying also. The projected decline in economy will be dictated by international financial atmosphere. Even if there are countries expressed their interest on the Philippines, if their economy sag along with other countries, it will have a direct effect in the Philippines. That has nothing to do with how the economy is being managed by the current administration. It is a different story if the projected slowdown is exclusive only to the Philippines.

Projections by competent organizations are supposed to be taken with the idea in mind that you could use those projections as your reference in setting how high you set your own bar should be. If this admin sets a higher estimate/target, it's better.
With all due respect, it is somehow wrong to disassociate economic management with what happens internationally. As you said: ". . . . if their economy sag along with other countries, it will have a direct effect in the Philippines.",evidently, this present admin should react to outside events, if only to stay the progress locally! As an analogy, we are in the same pond. Any ripple or disturbance on one area will surely affect the other inhabitants of the pond; albeit, at different levels of magnitude depending on how far and how prepared we are, economically, that is!

sana totoo pronouncement ng dbs.....that would be good for the country.....salamat pangulong _________ kayo na lagay kung sino man trip nyo....:lol:

ESTRADA??

Projections by competent organizations are supposed to be taken with the idea in mind that you could use those projections as your reference in setting how high you set your own bar should be. If this admin sets a higher estimate/target, it's better.
With all due respect, it is somehow wrong to disassociate economic management with what happens internationally. As you said: ". . . . if their economy sag along with other countries, it will have a direct effect in the Philippines.",evidently, this present admin should react to outside events, if only to stay the progress locally! As an analogy, we are in the same pond. Any ripple or disturbance on one area will surely affect the other inhabitants of the pond; albeit, at different levels of magnitude depending on how far and how prepared we are, economically, that is!

agree.....

Originally Posted by mwg12a
That's what I am saying also. The projected decline in economy will be dictated by international financial atmosphere. Even if there are countries expressed their interest on the Philippines, if their economy sag along with other countries, it will have a direct effect in the Philippines. That has nothing to do with how the economy is being managed by the current administration. It is a different story if the projected slowdown is exclusive only to the Philippines.

galing ng analysis.....siguro it has something to do with the previous administration....:lol:

More OFW kin turn to savings

By Lawrence Agcaoili (The Philippine Star)
Updated December 14, 2010 12:00 AM

MANILA, Philippines - More beneficiaries of overseas Filipino workers (OFWs) are turning to savings instead of making major purchases such as house and lot, appliances, and motor vehicles, a survey conducted by the Bangko Sentral ng Pilipinas (BSP) showed.

BSP Deputy Governor Diwa Guinigundo said the fourth quarter 2010 Consumer Expectations Survey (CES) showed an increase in the percentage of households with family members abroad that allocated portions of their remittances to savings and a decline in the percentage for those shifting to investments and other major purchases.

Guinigundo said that it was important to note that the number of Filipinos who save the money sent home by their relatives abroad to 43.7 percent in the fourth quarter of the year from 43 percent in the third quarter.

He pointed out that the percentage of Filipino families with OFW relatives overseas who are turning to savings has increased significantly from 7.2 percent in the first quarter of 2007 when the survey started.

On the other hand, he explained that the percentage of those who apportioned part of their remittances for major purchases and investments declined.

“The percentage of OFW households that utilized their remittances to savings climbed to 43.7 percent from 43 percent in the third quarter. Meanwhile, the percentage that apportioned part of their remittances to purchase consumer durables, houses and lots, and motor vehicles declined compared to the previous quarter’s results,” the BSP added.

The survey revealed that the percentage of those who used the money sent home by their relatives abroad to purchase appliances fell to 28.9 percent in the fourth quarter from 31 percent in the third quarter while those who allocated their remittances for the acquisition of house and lot declined to 11.3 percent from 15.5 percent.

Meanwhile, those who used the money sent home by their loved ones abroad to buy cars fell to 7.7 percent in the fourt quarter from 11.3 percent in the third quarter.

Furthermore, the data showed that beneficiaries of OFWs who invest their remittances declined to 5.8 percent from seven percent.

Guinigundo added that OFW households continue to utilize their remittances primarily for food, education, medical expenses, and debt payments in the fourth quarter.

if we follow that logic....ibig sabihin....mga abnormal mga intsik, bombay at vietnamese at ibang mabilis ang takbo na ekonomiya......tayo ang normal...:lol:

ngek, saan ka pa nag aral?? kung logic mo ang susundin ng mga filipino, lulubog talaga ang economiya, showbiz na showbiz and style mo, intriga sa personal life ng tao. Naturalmente po, pagbumaba ang economy sa buong mundo, kasama din ang China, India at Vietnam, pero hindi ibig sabihin nito, sabay sabay babagsak ang economy. Normal naman bumababa at tumataas ang economiya, hindi naman exclusive lang sa ilang bansa ang pagbaba ng economy. Yuong pintas mo kay noynoy, same offense ang ginagawa mo, baduy bakya at walang class at hindi heniyo na usapan. Puede ba? kung wala ka talagang alam? Huwag ka na lang sumabat. Mabuti na lang at wala kahit isa dito na kamaganak mo o anak mo, ikahihiya ka talaga. :lol:

excerpts. ouch. yan ang sinasabi ko, wala trickle down effect kasi ang yaman, tulad ng mga arroyo, binibili ng bahay at lupa sa united estets of america.

Giving’s price tag


By Juan Mercado
Philippine Daily Inquirer
First Posted 04:51:00 12/14/2010

Filed Under: Poverty, Christmas

Years later, both may read Family Income and Expenditure Surveys. The National Statistics Office churns out FIES every three years. Surveys in 2003 and 2006 tracked the slump in family budgets and spread of penury.

“Uninterrupted growth,” crowed Gloria Macapagal-Arroyo of her graft-sapped nine-year term. But hard-nosed comparison of FIES, from 2003 to 2009, reveals “six years of unshared growth,” concludes the analysis by Social Weather Stations’ Mahar Mangahas.

“The new 2009 FIES reports both average family income and family expenditure, in real terms, (stagnated) unchanged from 2003 to 2009. “Mangahas wrote in his Inquirer column. “The key lesson is…the non-stop economic growth between 2003 and 2009 was not shared with the poor.”

Average families, nationwide, could only scrape up monthly P12,900 for food, clothing and other essentials. This “national median family expenditure” is already below the national average of P14,700 per month”—already among the poorer of 10 clusters. (“Deciles” is the technical term used.)

“The aggregate economic growth from 2003 to 2009 was unshared,” Mangahas added. “Six years were essentially wasted.”FIES dry-as-dust figures bear a “human face” You glimpse that in growing numbers of panhandlers. They huddle on castaway carton mats on city sidewalks. In the countryside, you bump into small rough-hewn coffins, borne, in scraggly procession by shabbily clothed mourners.

“Prevalence of underweight children under five, is comparable to Sub-Saharan Africa,” the last nutrition survey reports. Only three out of 10 drink potable water in the Autonomous Region in Muslim Mindanao.
Empty chairs, in school rooms, signal 16 students out of every 100 drop out. They can’t afford the only escape from penury: education. Look at the disparities within this ultimate irony. In Sulu, for example, barely 23 out of every 100 students will graduate from high school, Philippine Human Development Report reveals. It is 57 for Cebu and 81 in Metro Manila.

(Email: juanlmercado@gmail.com)

JG seen finally starting naphtha cracker project
By Abigail L. Ho
Philippine Daily Inquirer
First Posted 22:48:00 12/13/2010

Filed Under: Investments, Plant Openings, projects, business
Most Read
MANILA, Philippines—The Gokongwei family’s JG Summit Holdings Inc., through wholly owned subsidiary JG Summit Olefins Corp., will finally break ground for its long delayed naphtha cracker plant in Batangas next month, with operations likely to start in late 2012.

In an interview with reporters yesterday, Trade Undersecretary and Board of Investments managing head Cristino Panlilio said the Gokongwei firm would finally start construction of the $600-million project in January, following years of delay.

The BOI earlier approved the application of JG Summit Olefins for fiscal and non-fiscal perks for the naphtha cracker plant, which was estimated to cost P34.38 billion more than two years ago.

Construction was supposed to start some months after the project was registered with the BOI, but that did not push through.

This time, almost three years later, JG Summit Olefins had again sought BOI registration for the 350-metric-ton naphtha cracker plant, the first in the country.

“We currently import basic components of plastics such as ethylene and polyethylene. With our own naphtha cracker plant, we won’t have to import as much as, so the cost of plastics manufacturing will be cheaper,” Panlilio said. “We can even compete with China head-on in plastics manufacturing when this plant starts operating.”

The benefits of having a naphtha cracker plant here would cascade to the “transformers,” or those producing hard and soft plastic products by way of lower costs of production, he said. This would bode well for the country as this would beef up the local plastics industry.

He related that while some of the plant’s output would be sold to overseas markets, production would not be enough to totally eradicate imports of raw materials for plastics.

JG Summit Olefins would break ground for the project next month, he said, and the equipment needed for the plant’s operations were now on their way. Judging from how things were going, commercial operations would likely start by late 2012.

ngek, saan ka pa nag aral?? kung logic mo ang susundin ng mga filipino, lulubog talaga ang economiya, showbiz na showbiz and style mo, intriga sa personal life ng tao. Naturalmente po, pagbumaba ang economy sa buong mundo, kasama din ang China, India at Vietnam, pero hindi ibig sabihin nito, sabay sabay babagsak ang economy. Normal naman bumababa at tumataas ang economiya, hindi naman exclusive lang sa ilang bansa ang pagbaba ng economy. Yuong pintas mo kay noynoy, same offense ang ginagawa mo, baduy bakya at walang class at hindi heniyo na usapan. Puede ba? kung wala ka talagang alam? Huwag ka na lang sumabat. Mabuti na lang at wala kahit isa dito na kamaganak mo o anak mo, ikahihiya ka talaga. :lol:

ai nag ri ak.....:lol: was referring to @wanch.....post....nde makatiis..:lol: hmm mukhang paid hack ka nga ng palasyo ano....kahit nde sayo patungkol sa yo tama.....cohort ka ba ni lying carandang or ni lacierda....:lol:

ai nag ri ak.....:lol: was referring to @wanch.....post....nde makatiis..:lol: hmm mukhang paid hack ka nga ng palasyo ano....kahit nde sayo patungkol sa yo tama.....cohort ka ba ni lying carandang or ni lacierda....:lol:

Tange, magbasa ka nga ulit, kasama mo ang pangalan ko sa quote mo. Hilo ka talaga ano? Okay ka lang????. :lol::lol:


Ayan, tignan mo sa post number # 111 mo, pangalawa ang pangalan ko sa quote mo. Kalbo na duling pa yata itong gurang na ito :rofl:





Originally Posted by WANCH
Its according how The World Economy runs. If next year's target growth for most countries (including The Philippines) is lower than this year, than its normal.


Originally Posted by mwg12a
That's what I am saying also. The projected decline in economy will be dictated by international financial atmosphere. Even if there are countries expressed their interest on the Philippines, if their economy sag along with other countries, it will have a direct effect in the Philippines. That has nothing to do with how the economy is being managed by the current administration. It is a different story if the projected slowdown is exclusive only to the Philippines.

:
Originally Posted by Eastern Dragon
don't be too stressed about it, some trolls just want to have fun.

ang problema, ang daming mga impressionable young minds dito, mga below 20 years old na madaling masway dahil it is fashionable for people to be critical, even at the expense of critical thinking.

tingnan mo, pag mainit at substantial and discussion, nawawala na yan si kalbo. pero pag maraming forumers na alam mo hindi masyadong steeped sa economic theory, tira ng tira.

ang mga bata naman dito, hooray ng hooray dahil, it is cool to be critical nga of the administration.





if we follow that logic....ibig sabihin....mga abnormal mga intsik, bombay at vietnamese at ibang mabilis ang takbo na ekonomiya......tayo ang normal...:lol:

excerpts. ouch. yan ang sinasabi ko, wala trickle down effect kasi ang yaman, tulad ng mga arroyo, binibili ng bahay at lupa sa united estets of america.

Giving’s price tag


By Juan Mercado
Philippine Daily Inquirer
First Posted 04:51:00 12/14/2010

Filed Under: Poverty, Christmas

Years later, both may read Family Income and Expenditure Surveys. The National Statistics Office churns out FIES every three years. Surveys in 2003 and 2006 tracked the slump in family budgets and spread of penury.

“Uninterrupted growth,” crowed Gloria Macapagal-Arroyo of her graft-sapped nine-year term. But hard-nosed comparison of FIES, from 2003 to 2009, reveals “six years of unshared growth,” concludes the analysis by Social Weather Stations’ Mahar Mangahas.

“The new 2009 FIES reports both average family income and family expenditure, in real terms, (stagnated) unchanged from 2003 to 2009. “Mangahas wrote in his Inquirer column. “The key lesson is…the non-stop economic growth between 2003 and 2009 was not shared with the poor.”

Average families, nationwide, could only scrape up monthly P12,900 for food, clothing and other essentials. This “national median family expenditure” is already below the national average of P14,700 per month”—already among the poorer of 10 clusters. (“Deciles” is the technical term used.)

“The aggregate economic growth from 2003 to 2009 was unshared,” Mangahas added. “Six years were essentially wasted.”FIES dry-as-dust figures bear a “human face” You glimpse that in growing numbers of panhandlers. They huddle on castaway carton mats on city sidewalks. In the countryside, you bump into small rough-hewn coffins, borne, in scraggly procession by shabbily clothed mourners.

“Prevalence of underweight children under five, is comparable to Sub-Saharan Africa,” the last nutrition survey reports. Only three out of 10 drink potable water in the Autonomous Region in Muslim Mindanao.
Empty chairs, in school rooms, signal 16 students out of every 100 drop out. They can’t afford the only escape from penury: education. Look at the disparities within this ultimate irony. In Sulu, for example, barely 23 out of every 100 students will graduate from high school, Philippine Human Development Report reveals. It is 57 for Cebu and 81 in Metro Manila.

(Email: juanlmercado@gmail.com)

This is a very good way of looking at the sad truth/s. Discrepancy between rich and poor still pervades. Which is why some sectors are prosperous, while others are far worse off than they were before.

Tange, magbasa ka nga ulit, kasama mo ang pangalan ko sa quote mo. Hilo ka talaga ano? Okay ka lang????. :lol::lol:


Ayan, tignan mo sa post number # 111 mo, pangalawa ang pangalan ko sa quote mo. Kalbo na duling pa yata itong gurang na ito :rofl:

:lol: ai namimersonal na ang lola mo.....cool k lang puso mo.....ginu good time ka lang...epal ka nman :lol: o siya sige na....kalbo na gurang at duling pa....:lol:

This is a very good way of looking at the sad truth/s. Discrepancy between rich and poor still pervades. Which is why some sectors are prosperous, while others are far worse off than they were before.

in terms of %, there was no real growth to speak of that was felt by the poor, unlike in China wherein consecutive growth has lifted hundres of millions, ika nga from poverty. pero sa atin wala pa rin.

and because of population gowth, 2001-2010, we have more poor people nominally.

madali lang naman iprove yan kahit by anecdotal evidence yan eh. dati, hindi pa uso ang kuliglig. ngayon, ang dami na, of course catering to a lower end market.

:lol: ai namimersonal na ang lola mo.....cool k lang puso mo.....ginu good time ka lang...epal ka nman :lol: o siya sige na....kalbo na gurang at duling pa....:lol:

ngek, buking ka lang at napahiya:nuts::nuts::lol::lol:

A 2020 vision for the Philippine economy, Part 1 (http://globalnation.inquirer.net/columns/columns/view/20101214-308912/A-2020-vision-for-the-Philippine-economy-Part-1)
By Dr. Bernardo Villegas
INQUIRER.net
First Posted 13:17:00 12/14/2010


MANILA, Philippines—For whatever it is worth, I have a vision for the Philippine economy for the year 2020, a decade from now.

I do not claim that it is as an accurate a vision as the term 2020 connotes physically. It comes from a whole set of judgments I am making about present economic and political realities in the global, Asia Pacific, and local scenes, and how things will play out in the next ten years. Among other perceptions about the Philippines emanating from world leaders, I am taking off from the statement by former US President William J. "Bill" Clinton, who in a recent visit to the Philippines remarked that the Philippines is now "at a whole new age."

Key to this assessment by Mr. Clinton is that the Philippines is one of the emerging markets that will lead the world in economic growth for the next twenty years, partly due to its large domestic market.

First, I am making the assumption that President Benigno C. Aquino III will deliver on his promises about economic reforms. He will follow closely the footsteps of President Susilo Bambang Yudhoyono (SBY), who in the last six years has transformed a deeply corrupt and mismanaged country into an economic model in the Southeast Asian region by making significant strides in good governance and economic reforms.

As can be read in the article accompanying this short essay, Indonesia is about to receive an investment grade from credit rating agencies because of impressive macroeconomic reforms and success in combating corruption. Transparency National in its 2010 Report entitled Corruption Perceptions Index 2010 ranks Indonesia six notches above the Philippines when six years ago, Indonesia was close to the bottom of the list as one of the most corrupt countries in the world.

I am of the opinion that the Philippines under President Aquino will be able to improve its ranking in this Corruption Perceptions Index by aggressively prosecuting tax evaders and corrupt government officials. This will pave the way for the Philippines to attract significantly more Foreign Direct Investments (FDIs) approximating the $7 to $10 billion received in 2009 by Vietnam and Indonesia, the two countries most comparable to the Philippines today.

I am forecasting that the Philippine GDP will grow at an average of at least 7 percent per annum, emulating the growth rates that India and Vietnam have been able to register over the last five to ten years. I use these two Asian economies as a standard because they too are low in global competitiveness rankings in both governance and efficient infrastructure.

Despite these deficiencies, they have been able to grow at 7 percent or more, giving me the confidence that at this "whole new age" we have entered under the present leadership, we can also attain the growth rate necessary for us to make a significant dent on our poverty problem. Growing at 7 percent or more for a decade, we can reduce our poverty rate to about 15 percent in 2020 from the present 31 percent.

Today, Indonesia already has a 14.1 percent poverty rate. Our savings rate will be above 30 percent of GDP (which is already its present level) while our investment rate will be about 25 percent of GDP, the present average in the Asean region. This will be a significant improvement from the present investment rate of 17 percent. Such a big rise in investment will be mainly due to huge investments in infrastructure through the Private-Public Partnership Program of the present Administration, bolstered by some $7 billion annually of FDIs, the level of Vietnam today.

I am assuming that private investments, both local and foreign, will flow heavily into the 7 Big Winners, identified by the various foreign chambers of commerce. In Agribusiness, these investments will be in processed food/beverages, fruits and vegetables, and marine/seafood—the sectors that have bright export markets, especially to China and other Northeast Asian countries.

These exports will be especially facilitated by the removal of tariffs on agricultural products scheduled for 2015 under several Free Trade Agreements such as the AFTA + 3. Even today, China buys more than 50 percent of its banana imports from the Philippines. As this decade evolves, the demand for high-value food products from our Northeast Asian neighbors will increase rapidly. Given significant improvements in our rural infrastructures, we will be able to supply such increasing demand.

In the IT-BPO sector, as Oscar Sanez, President and CEO, of the Business Process Association of the Philippines (BPAP) forecasted in a gathering of foreign chambers of commerce last October 28, 2010, a 20-percent annual growth can be sustained at least till 2016, bringing total revenues by that year to $25 billion. A conservative estimate for 2020 will be $40 billion in total revenues, approximating what the electronics industry accomplished in 30 years of operations. In the same forecast, Mr. Sanez estimates that by 2016, there will be 1.4 million people employed in the BPO industry with increasing share of new, higher-valued services while sustaining the Philippine global leadership in Customer Relations Marketing (CRM). The Philippine share of global markets will expand, especially in the UK, Asia Pacific, EU while sustaining its established position in the US, just behind India. My assumption here, of course, is that we will be arresting the deterioration of Philippine education, especially at the primary and secondary levels.

With the focus on infrastructure development under the present administration, I expect a quantum leap in the quality of our roads, bridges, airports, seaports, water supply systems, waste disposal, and other public utilities. Through the PPPs, successes with Manila Water and North Luzon Expressway will be replicated in other sectors and regions. In the Global Competitiveness Report 2010-2011 of the World Economic Forum, the Philippines ranks 104 in Infrastructure as a basic requirement for investment and growth compared to 83 of Vietnam and 82 of Indonesia, two of our closest peers.

By 2020, I expect the Philippines to move to the low 80s in the same ranking, giving Vietnam and Indonesia closer competition. I am bullish in this regard because the persons occupying leadership positions in the departments directly involved in infrastructures (Public Works and Highways, Transport and Communication, Energy) under the Aquino administration are admired for their integrity and professional competence. We can be sure that the funds earmarked for infrastructures will not be wasted or misallocated through corruption.

excerpts. ouch. yan ang sinasabi ko, wala trickle down effect kasi ang yaman, tulad ng mga arroyo, binibili ng bahay at lupa sa united estets of america.

Giving’s price tag


By Juan Mercado
Philippine Daily Inquirer
First Posted 04:51:00 12/14/2010

Filed Under: Poverty, Christmas

Years later, both may read Family Income and Expenditure Surveys. The National Statistics Office churns out FIES every three years. Surveys in 2003 and 2006 tracked the slump in family budgets and spread of penury.

“Uninterrupted growth,” crowed Gloria Macapagal-Arroyo of her graft-sapped nine-year term. But hard-nosed comparison of FIES, from 2003 to 2009, reveals “six years of unshared growth,” concludes the analysis by Social Weather Stations’ Mahar Mangahas.

“The new 2009 FIES reports both average family income and family expenditure, in real terms, (stagnated) unchanged from 2003 to 2009. “Mangahas wrote in his Inquirer column. “The key lesson is…the non-stop economic growth between 2003 and 2009 was not shared with the poor.”

Average families, nationwide, could only scrape up monthly P12,900 for food, clothing and other essentials. This “national median family expenditure” is already below the national average of P14,700 per month”—already among the poorer of 10 clusters. (“Deciles” is the technical term used.)

“The aggregate economic growth from 2003 to 2009 was unshared,” Mangahas added. “Six years were essentially wasted.”FIES dry-as-dust figures bear a “human face” You glimpse that in growing numbers of panhandlers. They huddle on castaway carton mats on city sidewalks. In the countryside, you bump into small rough-hewn coffins, borne, in scraggly procession by shabbily clothed mourners.

“Prevalence of underweight children under five, is comparable to Sub-Saharan Africa,” the last nutrition survey reports. Only three out of 10 drink potable water in the Autonomous Region in Muslim Mindanao.
Empty chairs, in school rooms, signal 16 students out of every 100 drop out. They can’t afford the only escape from penury: education. Look at the disparities within this ultimate irony. In Sulu, for example, barely 23 out of every 100 students will graduate from high school, Philippine Human Development Report reveals. It is 57 for Cebu and 81 in Metro Manila.

(Email: juanlmercado@gmail.com)

thank you, GMA! :banana:

ramdam ang kahirapan! :cheers:

excerpts. ouch. yan ang sinasabi ko, wala trickle down effect kasi ang yaman, tulad ng mga arroyo, binibili ng bahay at lupa sa united estets of america.

Giving’s price tag


By Juan Mercado
Philippine Daily Inquirer
First Posted 04:51:00 12/14/2010

Filed Under: Poverty, Christmas

Years later, both may read Family Income and Expenditure Surveys. The National Statistics Office churns out FIES every three years. Surveys in 2003 and 2006 tracked the slump in family budgets and spread of penury.

“Uninterrupted growth,” crowed Gloria Macapagal-Arroyo of her graft-sapped nine-year term. But hard-nosed comparison of FIES, from 2003 to 2009, reveals “six years of unshared growth,” concludes the analysis by Social Weather Stations’ Mahar Mangahas.

“The new 2009 FIES reports both average family income and family expenditure, in real terms, (stagnated) unchanged from 2003 to 2009. “Mangahas wrote in his Inquirer column. “The key lesson is…the non-stop economic growth between 2003 and 2009 was not shared with the poor.”

Average families, nationwide, could only scrape up monthly P12,900 for food, clothing and other essentials. This “national median family expenditure” is already below the national average of P14,700 per month”—already among the poorer of 10 clusters. (“Deciles” is the technical term used.)

“The aggregate economic growth from 2003 to 2009 was unshared,” Mangahas added. “Six years were essentially wasted.”FIES dry-as-dust figures bear a “human face” You glimpse that in growing numbers of panhandlers. They huddle on castaway carton mats on city sidewalks. In the countryside, you bump into small rough-hewn coffins, borne, in scraggly procession by shabbily clothed mourners.

“Prevalence of underweight children under five, is comparable to Sub-Saharan Africa,” the last nutrition survey reports. Only three out of 10 drink potable water in the Autonomous Region in Muslim Mindanao.
Empty chairs, in school rooms, signal 16 students out of every 100 drop out. They can’t afford the only escape from penury: education. Look at the disparities within this ultimate irony. In Sulu, for example, barely 23 out of every 100 students will graduate from high school, Philippine Human Development Report reveals. It is 57 for Cebu and 81 in Metro Manila.

(Email: juanlmercado@gmail.com)

As what I have mentioned in one of the threads in SSC, 2003-2006 data alone (FIES) showed that increasing poverty despite "continuous growth" daw under Arroyo.

In order words, either yes growth is only felt by a few people ( importers, smugglers, cronies of Arroyo and Mike Arroyo kleptocracy Gloria version) or all the "positive growth rates" under Arroyo were all massaged (a.k.a. in Filipino dinaya ala Garci) data!toinks!:bash::bash:

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upon reading all those proffesional posts above,,,,,
all i can say is b_ _ _ s _ _t,,:rant::rant:
bakit ba palaging nasasali ang pangalang gloria/GMA sa usapan???????:naughty::naughty:
diba, shes not running the country anymore?
yun lang po ang tanong ko!!!!!! :):):okay:

^^ Some would say she still does. She made sure she would remain influential even when she's no longer the chief executive.