Economic growth would have been faster

[drhenry4]

Had been the economic policies of Nuynoy right from the start then there would have been faster job growths and decreasing incidence of poverty.
His strategy is mediocre, a result of poor analysis, fixated on revenge and crave for having a girlfriend or wife.

Below is the strategy of Villar. If he could have been the President.....

http://www.businessmirror.com.ph/hom...in-high-growth

I agree with the recommendations of the World Bank and the Asian Development Bank that more people will be lifted from poverty by boosting the industry sector, including manufacturing.

Unlike the services sector (like call centers), the industry sector provides jobs even to individuals with low educational attainment, according to the ADB.

[Objection]

SMH Villar

Puro basura ang mga pabahay niya

off all examples ba naman, siya pa

[drhenry4]

His housing projects have nothing to do with the subject. And anyone has a choice. If you don't like Camella then buy AVIDA. No one is forcing anyone to buy Villar's housing projects. I don't like either his medium end housing.

And it's not about one's personality. It's the economic policy that he's endorsing.

It's not only the mediocre thinking of fight graft and corruption.

[Kray0n]

Had been the economic policies...

huh, you suddenly know anything about economic policies now?

why is 32% small for the public sector? what was with that broadcast media analysis again?

hey, I agree with the ADB, but please prove this:

Had been the economic policies of Nuynoy right from the start then there would have been faster job growths and decreasing incidence of poverty.
His strategy is mediocre, a result of poor analysis, fixated on revenge and crave for having a girlfriend or wife.

where did this load of bullcráp came from?

[drhenry4]

huh, you suddenly know anything about economic policies now?

why is 32% small for the public sector? what was with that broadcast media analysis again?

hey, I agree with the ADB, but please prove this:


where did this load of bullcráp came from?

Para sa mga matatalino lang mga ganitong discussion ha? Hindi para sa mga stupido

Pa english-english ka pa, mapurol naman comprehension mo.

[paenggoy]

It is too late to move to manufacturing for exports, especially given the current and likely sustained crisis brought about by predicaments such as increasing debt and peak oil. With that, localization will be critical, with some domestic manufacturing employed to meet basic needs.

[drhenry4]

paenggoy:
There are two prongs: exports and domestic
The problem actually with exports prong is that we're not competitive in price. It's not really with the economic crisis in the West. The demand doesn't stop. But if we will start manufacturing our own domestic needs then that's a good start at the back of OFW money. Nuynoy really have to depreciate the peso.

[Nietono_no_Shana]

@drhenry4

IMHO manufacturing even for domestic use is currently not profitable due to the high cost of electricity, the government should focus first into lowering the cost of our electricity.

[Aizrith]

...If someone will do more and talk less.

[drhenry4]

@drhenry4

IMHO manufacturing even for domestic use is currently not profitable due to the high cost of electricity, the government should focus first into lowering the cost of our electricity.

High cost of electricity problem is a long way to solve. The immediate solution is to depreciate the peso to make imports expensive and make our domestic products competitive. High cost of imports (that includes oil) would force the government to shift our fuel demand to natural gas (which we have in Malampaya) which would dramatically lessen our electricity costs.

If you will review of what China did in the past decade, this was her strategy. Look at where she is now.

[drhenry4]

This is what Nuynoy should take advantage of. Enough with Lopez.

ADB can only negotiate with the government and not with private companies.

ADB willing to finance gas pipeline project
http://www.philstar.com/Article.aspx...bCategoryId=66

[whadahek]

We have a higher than expected growth rate this year because we had a lower than expected growth last year.

Compared to a very weak last year, our economy grew well this year. Hopefully, growth rate can be sustained at above 6% for at least the remainder of Aquino's presidency.

[blue_tracer]

sorry ts, semi-off topic..


Philippine budget to hit record P2 trillion in 2013; CCT to rise by 30-percent

MANILA, Philippines - (UPDATE, 3 p.m.) The Aquino administration is looking at a P2 trillion national budget for 2013 which has increased in increments of P200 billion every year since President Benigno Aquino III assumed office.

"It will hover around P2 trillion. This is the first time it will hit (that level)," budget chief Florencio Abad said in an interview on Tuesday during the sidelines of the vin d' honneur commemorating the country's 114th Independence Day at the Palace.

CCT budget up by 30 percent

At the same time, the Aquino administration plans to hike its budget for the conditional cash transfer program by almost 30 percent, from this year's p34 billion to roughly P45 billion in 2013.

Social Welfare chief Corazon Soliman, in an interview on Tuesday at the Palace, said the amount would cover 700,000 more beneficiaries for next year.

Soliman said the department is pushing for a P67 billion budget in 2013, of which two-thirds would be for the CCT program.

At least 3 million poor families are currently enrolled in the program.

The Aquino administration plans to cover some 4.8 million poor families under the dole program by 2014.

The CCT provides poor families with at least three children below 14 years old cash aid of P500 up to P900 provided that the kids are sent to school.

Each child who turns 14 automatically loses the P300 monthly stipend.

Budget process

"The Development Budget and Coordinating Council will review the macroeconomic assumptions this week," Abad added.

He said for next year, the borrowing component will be at least two percent of the gross domestic product.

Abad said next year's proposed General Appropriations Act will still be funded largely through revenues.

"We will have even more investments for infrastructure, excluding those funded through the public-private partnership program," Abad said.

http://www.interaksyon.com/article/3...-by-30-percent

[Nietono_no_Shana]

@drhenry4

That is always the reason with our electricity problem, if the said issue has already been resolve before or a plan has already taken place then by now it is already or nearly finished. We always look for the short term/immediate solution without really solving the real problem.

China can depreciate their currency because they can produce the raw material to back up their manufacturing sector, we cant (ex. oil, steel, etc.).

IMHO if the government really wants to improve our economy they should provide solutions simultaneously, not one by one.

[pieno]

Kailangan natin ng maraming infrastructure tsaka yang cct mahalaga yan investment sa future, mga 10 years pa ang effect... gusto kasi ng mga engot na politicians mabilis ang effect para iboto sila, kaso need talaga ng bansa yang CCT.

[kreuk]

sorry ts, semi-off topic..


Philippine budget to hit record P2 trillion in 2013; CCT to rise by 30-percent

implication nito:
- less pickpocketing BIR level
- less tax evasion
- less pickpocketing from BIR to central gov't
- less reason for national DEBT
- less reason for budget deficits

last step nalang na hindi pa natutupad: TRANSPARENCY ng expenses.

I'm giving this admin a chance. i think NOYNOY lang yung president sa list na may talagang gustong gawen for the people.

[tmcr7]

Hindi bawal mangarap ang mahirap...

[paenggoy]

paenggoy:
There are two prongs: exports and domestic
The problem actually with exports prong is that we're not competitive in price. It's not really with the economic crisis in the West. The demand doesn't stop. But if we will start manufacturing our own domestic needs then that's a good start at the back of OFW money. Nuynoy really have to depreciate the peso.

Unfortunately, competitive pricing also applies to manufacturing for domestic needs vs. importing.

[drhenry4]

People, when dealing with national policies, you don't speculate on the effects on the details of the economy. We don't mind "anecdotal opinions". We look at what happened on countries who used similar policies.

Singapore is at crisis because of their dollar strength. Likewise with Japan.

The rise of China started with the devaluation of yuan. So is Taiwan and South Korea.

Our previous experiences of a depreciated peso started with crises but sooner became an advantage. It's because of the OFW money buying the houses of Ayalas, Villars, Tans, and now Gokongweis. But when the peso started to be gaining strength in 2011, then crisis starts. The expected growth by Nuynoy did not happen. He expected private enterprises to grow that's why he limited spending. Stupid as he is, he did not think that Philippine economy is so dependent on OFW spending that the moment the peso:dollar ratio dropped from 43 to 42, there was a 20B peso drop on the money that would circulate in the economy. That's what happened in 2011.

If we start on that depreciated peso policy, then gradually we will see the multiplier effect that it will do on the economy. And the more the economy grows the better revenues for the govt, the better fiscal position. More money to spend for social services. And hopefully, no more worries on debt servicing (which needs a better political will on the balls of Nuynoy )

[kreuk]

then you should run for presidency.