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Our Economy
Last post 10-27-2008, 5:33 PM by footnote. 168 replies.
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 02-20-2006, 4:38 AM |
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philned
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Joined on 11-12-2006
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QUOTE(stone_cold666 @ Aug 13 2005, 10:41 PM) Our economy is going down. Prices are going up the government should move to help our economy get back to it's roots. Business will not anymore grow with what is happening today. Even the oil price is increasing as we speak.  [right][snapback]4642[/snapback][/right] It is true, when you look at what's happening. The economy of the country is partially based on handouts of OFW. I have to call it a handout because they are not saving the money for themselves..... They bring in the money that keeps a large percentage of our people alive.... Research shows about 70% of their remittance is used to support their relatives.... (housing, school fees, food and drink)..... The same research shows that every OFW provides for (on average) 4.8 people..... On average they send P. 150,000 a year..... Imagine all that money not coming into the economy...... That's why the government is so very pleased to announce ..... remittance from OFW rose to an all time high!!!!! Without it the economy would take a turn for the worse.
when East and West meet something beautiful can happen
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| 02-20-2006, 8:54 PM |
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The Exchange Rate fell down once again..
they blame it to the Malacañan Bombing earlier today ...
HUS BACK!?
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| 02-21-2006, 5:16 PM |
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| 02-22-2006, 7:50 PM |
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| 02-23-2006, 12:56 PM |
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zion_icon
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Joined on 11-12-2006
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Posts 5
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QUOTE(willenette @ Feb 9 2006, 10:11 AM) Better future for the filipinos? I don't think so. Because as days passes by, rich people here become richer & middle & poor ones become poorer now. Where is good economy here? Everything is going up because of this 12% VAT. Where are the tax payments that we paid go?
[right][snapback]1148952[/snapback][/right]
Take note! Aside from increase in VAT from 10 to 12 percent, gloria's administration has also increase the corp. tax from 32 to 35 percent. This means that Corporation would increase the prices of their products to cover the increases in our tax rates. Accordingly, middle income earner & the poor would suffer because their meager income would not be enough for their day to day expenses.
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| 02-23-2006, 12:56 PM |
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zion_icon
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Joined on 11-12-2006
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Posts 5
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QUOTE(willenette @ Feb 9 2006, 10:11 AM) Better future for the filipinos? I don't think so. Because as days passes by, rich people here become richer & middle & poor ones become poorer now. Where is good economy here? Everything is going up because of this 12% VAT. Where are the tax payments that we paid go?
[right][snapback]1148952[/snapback][/right]
Take note! Aside from increase in VAT from 10 to 12 percent, gloria's administration has also increase the corp. tax from 32 to 35 percent. This means that Corporation would increase the prices of their products to cover the increases in our tax rates. Accordingly, middle income earner & the poor would suffer because their meager income would not be enough for their day to day expenses.
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| 02-24-2006, 1:44 AM |
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QUOTE(GrandDuchessRea @ Feb 21 2006, 05:16 PM) LOL, that bombing was only made by Malacañan to make an excuse to implement that emegerncy powers. Marumi talaga maglaro ang administrasyon nila, ginagamit ang kung anu-ano para makuha ang gusto. [right][snapback]1252887[/snapback][/right] QUOTE(GrandDuchessRea @ Feb 22 2006, 07:50 PM) That's not what I mean, I'm referring on that alledged bombing incident in malacañan, they're making excuses so that all of it including the economic problems will be blamed on the soldiers or to anyone who wants to change the system.  [right][snapback]1265077[/snapback][/right] QUOTE(Gerry65 @ Feb 23 2006, 08:10 PM) This is precisely what happens to a leader who has lost all credibility before the majority of the people. A legacy of broken promises and unfulfilled claims is the real culprit
[right][snapback]1276057[/snapback][/right]
she almost lost it all 
HUS BACK!?
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| 02-26-2006, 10:24 AM |
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| 02-27-2006, 9:43 AM |
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akoto
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Joined on 11-12-2006
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QUOTE(russel08 @ Feb 26 2006, 03:15 AM) She never lost her credibility to the majority of Filipinos. The only exception are those still living in the 70's that are nostalgic about their hippy anti Marcos days. They are simply too old to realize that we are now living in a globalized world. In a larger sense, they are not "radicals" and certainly not genuine Marxists. For being one is acknowledging that we are in a state of constant change.
[right][snapback]1302013[/snapback][/right]
Agree. The opposition just wants fanfare about the minority disgruntled about her presidency. They want to run the country by themselves, or by someone they can 'influence' with so-called policies and strategies. And they know GMA has her own policy , they can't influence her. As I said once to my foreign friends, 'Philippines is like many countries within a country or the world for that matter,and everybody wants to rule the world.
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| 02-28-2006, 2:16 AM |
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Istyupeefyd
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Joined on 11-12-2006
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QUOTE(stone_cold666 @ Aug 13 2005, 03:41 PM) Our economy is going down. Prices are going up the government should move to help our economy get back to it's roots. Business will not anymore grow with what is happening today. Even the oil price is increasing as we speak. [right][snapback]4642[/snapback][/right] government wont do anything.. POLITICS is a very BOOMING BUSINESS in the Philippines. (this is the only business that's going to survive) we'll then just go POLITIC-king instead.  stockmarket may be up. but the people is still suffering. foreign investors wants no more of that state of emergency.
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| 03-01-2006, 4:05 AM |
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QUOTE(Istyupeefyd @ Feb 28 2006, 02:16 AM) government wont do anything.. POLITICS is a very BOOMING BUSINESS in the Philippines. (this is the only business that's going to survive) we'll then just go POLITIC-king instead. stockmarket may be up. but the people is still suffering. foreign investors wants no more of that state of emergency. [right][snapback]1317905[/snapback][/right]
HUS BACK!?
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| 03-01-2006, 11:54 AM |
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Istyupeefyd
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Joined on 11-12-2006
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sobrang ok nga sa politika eh... in normal peepz its pretty hard for them to ask for loan grants.. in politics basta mabango ka lang sa administration, its just a fax away. eh un mga taong nagpapakahirap araw araw..pinapahirapan pa lalo when they need it.
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| 03-03-2006, 5:17 AM |
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pinoyparin
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Joined on 11-12-2006
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QUOTE(Gerry65 @ Feb 23 2006, 08:10 PM) This is precisely what happens to a leader who has lost all credibility before the majority of the people. A legacy of broken promises and unfulfilled claims is the real culprit
[right][snapback]1276057[/snapback][/right]
Yes a legacy of broken promises and unfullfilled dreams is one of the causes. The bigger problem is how the politicians are governing and how they are handling the economy. It is not just the president who is responsible but all those in government. Economic reforms aren't just needed but also a change in attitude towards the economic priorities and policies by both politicians and the people. In business, the goal is to increase revenues and profits for your company and for your investors (shareholders, partners, etc.) So if you are running a business, your goals is to maximize profits. It is foolish to think that if you work for a large coorporation you would always benefit from increased profits. You may or may not depending on how benevolent the company is to the employees. Now if a company has to pay higher taxes that would decrease your profits, naturally you would move to a place where taxes are lower or to a place where labor is cheaper. Multinational coorporations can do that. Small businesses can't. So you need to balance business taxation and development. The government on the other hand isn't really a business but still has to gain revenue somehow to provide goods and services to its people. The only way for the governmet to gain revenue is thru taxation and fees. Most successful companies are authoritarian in nature. Democratic institutions aren't like that you can't hire the best CEO but you get elected or appointed personel. So you may or may not get the best person for the job in government. So how do you monitor perosonel in government? You must make sure its transparent enough that people can see where the money goes, how is it used, and if resources are managed effectively. Unfortunately, politicians don't really want that. China is growning economically because its an authoritarian government and takes advantage of that. Unfortunately it only benefits a few, those in goverment and those who have the blessing of the government. The masses may think they're benefitting but in reality they don't. Now, do Filipinos want a strong economy but less freedom? For the average filipino, it's hard to make money in the Philippines unless your already rich or well connected enough to begin with. A majority of Filipinos are poor. It's hard to collect taxes from the poor. The middle class can't be taxed too high. The Elite class is taxed but then they have the know how and clout to shelter their income. So where does that leave the government for income? Where does that leave the average Filipino? So you see, economics is really a complicated matter. Its not just one person who is responsible. Its everyone from people purchasing, producing, and guiding the production and delivery of goods and services.
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| 03-03-2006, 5:50 AM |
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QUOTE(pinoyparin @ Mar 3 2006, 05:17 AM) Yes a legacy of broken promises and unfullfilled dreams is one of the causes. The bigger problem is how the politicians are governing and how they are handling the economy. It is not just the president who is responsible but all those in government. Economic reforms aren't just needed but also a change in attitude towards the economic priorities and policies by both politicians and the people.
In business, the goal is to increase revenues and profits for your company and for your investors (shareholders, partners, etc.) So if you are running a business, your goals is to maximize profits. It is foolish to think that if you work for a large coorporation you would always benefit from increased profits. You may or may not depending on how benevolent the company is to the employees. Now if a company has to pay higher taxes that would decrease your profits, naturally you would move to a place where taxes are lower or to a place where labor is cheaper. Multinational coorporations can do that. Small businesses can't. So you need to balance business taxation and development.
The government on the other hand isn't really a business but still has to gain revenue somehow to provide goods and services to its people. The only way for the governmet to gain revenue is thru taxation and fees. Most successful companies are authoritarian in nature. Democratic institutions aren't like that you can't hire the best CEO but you get elected or appointed personel. So you may or may not get the best person for the job in government. So how do you monitor perosonel in government? You must make sure its transparent enough that people can see where the money goes, how is it used, and if resources are managed effectively. Unfortunately, politicians don't really want that.
China is growning economically because its an authoritarian government and takes advantage of that. Unfortunately it only benefits a few, those in goverment and those who have the blessing of the government. The masses may think they're benefitting but in reality they don't. Now, do Filipinos want a strong economy but less freedom?
For the average filipino, it's hard to make money in the Philippines unless your already rich or well connected enough to begin with. A majority of Filipinos are poor. It's hard to collect taxes from the poor. The middle class can't be taxed too high. The Elite class is taxed but then they have the know how and clout to shelter their income. So where does that leave the government for income? Where does that leave the average Filipino?
So you see, economics is really a complicated matter. Its not just one person who is responsible. Its everyone from people purchasing, producing, and guiding the production and delivery of goods and services.
[right][snapback]1350257[/snapback][/right]
well said 
HUS BACK!?
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| 03-06-2006, 9:04 PM |
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| 03-07-2006, 9:07 PM |
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hmm.. d bah malaking tulong sa economy natin ung Malampaya ba un?
ung water to gas fuel project sa palawan? that is one great form of industry..
HUS BACK!?
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