All About Current Admin of Duterte

[firestarter]

---

He promised to improve the economy so that people will no longer need to go abroad. And now, according to that S&P quote you posted, even in that aspect he failed.

I never said that. I said that they contribute MORE to the economy if they were here.

Ahhh so.. It is Standard and Poors now, in connection to the OFWs, and Duterte's "promise".. I don't think this was actually a campaign promise but I may be wrong.

One thing is for certain, the OFWs can go home if they wanted to, not because Duterte wants them to go home. It is up to them if they wanted to work here or abroad.

[firestarter]

Interesting read


https://www.manilatimes.net/duterte-...omises/422337/





- - - Updated - - -

Of course. It is only logical.

A better economy means OFWs come home.

1. OFWs arent coming home
2. Economy is not doing any better

There is the failure there. Good thing we settled this

Amazing how you settle things your way.

I don't think it's a failure when you keep trying, it becomes such if you stop trying.
But that is beside the point.

Try to consider the financial aspects of being an OFW and opportunities.

http://myfinancialcoach.ph/blog/ofw-impact-on-philippines-economy-in-2018

OFW impact on Philippines economy in 2018
LISA of Myfinancialcoach's picture Submitted by LISA of Myfinan... on Tue, 10/16/2018 - 08:21
Tweet Widget


In the years that passed and in the present, and even in the years to come, Filipinos leave the country to work in another, and many more Filipinos are on the process of completing their papers to do the same. The impact of the Philippine economy leads Filipino workers to flee the country in order to seek greener pasture elsewhere, simple as that. But, we never really seem to think what their impact is on the Philippine economy, from working out of country.

Over the years, our minds are set to thinking that because we export manpower to other countries, this leaves our country at a less better economic standing, because of the mere consideration that Filipino professionals choose to get employed out of the country due to the lack of employment and/or lesser paying jobs in the Philippines. This, again, points back to the fact that the Philippines have been off and on with the rise and fall of its economic stability.

Overseas Filipino Workers are the modern day super heroes. You'll be surprised at how they impact the growth of the Philippine economy when it comes to the finances they bring in from their labour abroad.

In an estimated report by the Philippine Statistics Authority (PSA), during the second quarter this year, with statistics from 2017, OFW's are around 2.3M in population, with Saudi Arabia being the most preferred country at 25.4%, the rest being UAE, Kuwait and Hong Kong.

When a Filipino worker is sent to become part of a foreign workforce, that person's sole purpose is to be able to send back a better sum of income, which can help uplift his/her family's standard of living, pay off loans, credit card/s and get out of debt altogether, and be able to provide for better education. Little do we know, their hard work and sacrifice, being away from their families and the comfort of home, not only helps to boost their position in the society, but also helps to enliven the economic standing of the Philippines with the rest of the world. How does this work?

Remittance, first of all, via remittance centres like Cebuana Lhuillier, which at one time was noted 3rd best in the world in 2012. The Philippines in April this year was determined by the World Bank in a CNN Philippines report, being the 3rd largest recipient of remittances around the globe. What is remittance?

Remittance, simply put, is part of the money earned by OFW's that are wired or transferred back to the Philippines for designated OFW families. By way of remittance, whether this be via bank transfer or money transfer, Banko Sentral ng Pilipinas (BSP), accounts for every penny that gets in through the international banking system and is detected through the balance of payments. Balance of payments is defined as, “The difference in total value between payments into and out of a country over a period."

According to an article written by Gerardo P. Sicat, from the office of the Commission on Filipino Workers, in over two decades, the rate of Philippine remittances have continuously risen throughout the years. Having to consider this is a cause and effect in the value of the US Dollar versus the currencies of the other countries in the world. In a span of 11 years, from 2001 to 2012, remittances to the Philippines have gone from $7B to $21B (US Dollars), or as estimated.

The bulk of remittances in the country are important because it plays a pivotal role in boosting the economic standing of a nation in the world, by keeping it competitive through its dominance in providing services in export business, like in the export of goods and merchandise. This, thus, create a domino effect toward the families they support and the country in general. With more remittances, Filipino families achieve a better standard of living, and the same steady flow of remittances help by way of giving the country the ability to acquire services and merchandise from its foreign counterparts, which in turn can aid in the settlement of the country's debts and liabilities, as well as our commitments internationally. Overall, it will help to achieve a stable economic reputation for the country and be at par with the rest of the world.

[firestarter]

Stop appealing to emotions. You contribute MORE to the economy when you work here. You are speaking about the finances of the individual OFW. I am talking about the economy as a whole. There is no comparison.

Okay na boss. I see your point na.

Wala nimo ma basa ang figures diha sa article if pila ka billions ang ilang gisulod sa Philippine economy?

Come on.. Obviously you are not reading.

[firestarter]

I read that BLOG. You know ngano misleading na siya? Wala niya gi.compare ang opportunity costs.

Kibaw ka pila ang average lower income? Average of P11,800 a month https://www.rappler.com/thought-lead...e-middle-class

Kibaw ka pila kabuok OFWs? 2.3M https://psa.gov.ph/statistics/survey...orce/sof-index

Kibaw ka pila total annual income naa unta sa economy if naa sila ngari? 325B

Kibaw ka pila na contribute sa OFWs based on your data? 105B

Tell me, asa ta lugi? Assuming na gani na nga low income sila tanan if they stay here.

It is actually $32.21Billion, that is 1,760,000,000,000.00 Philippine Pesos per year. It is now in the Trillion Pesos.

Murag dili tingale lugi ang Pilipinas aning kwartaha.

The result brought the full-year tally to $32.21 billion, up 3.0 percent from 2017’s $31.29 billion.

Here is a recent article regarding 2018's remittances.

OFW remittances hit all-time high in 2018
BY MAYVELIN U. CARABALLO, TMT

FEBRUARY 16, 2019

HOME / BUSINESS / TOP BUSINESS / OFW REMITTANCES HIT ALL-TIME HIGH IN 2018

A man counts dollar remittance at a money changer in UN Avenue in Manila. PHOTO BY RUSSELL PALMA
Money sent home by overseas Filipino workers (OFWs) hit a record high in the December, in the process also raising the full-year tally to what the Bangko Sentral ng Pilipinas (BSP) described as the “highest annual level to date.”

At $3.15 billion for the month, personal remittances were 3.6 percent higher compared to the previous peak of $3.04 billion seen a year earlier. The growth rate, however, slowed from the 7.9 percent posted in December 2017.

The result brought the full-year tally to $32.21 billion, up 3.0 percent from 2017’s $31.29 billion.

“The growth in personal remittances during the year was driven by remittance inflows from land-based OFs with work contracts of one year or more and remittances from both sea-based and land-based OFs with work contracts of less than one year, which rose annually by 2.8 percent and 4.6 percent, respectively,” the BSP said in a statement.

It added that personal remittances were a major driver of domestic consumption and accounted for 9.7 percent of gross domestic product and 8.1 percent of gross national income last year.

Cash remittances, which only count money coursed through banks, also hit a new all-time high of $2.84 billion in December, 3.9 percent higher compared to $2.74 billion
a year ago.

The countries that contributed most to the increase during the month were the United States and Canada.




Full-year 2018 cash remittances posted growth of 3.1 percent — exceeding the BSP’s projected growth rate of 3.0 percent for the year — to $28.94 billion, up from $28.06 billion a year earlier.

Growth in cash remittances was supported by transfers from both land-based and sea-based OFWs, which the central bank said were up by 2.8 percent and 4.6 percent, respectively, from last year.

“Cash remittances in 2018 remained strong amid political uncertainties across the globe,” the BSP said, adding that this was evident in the 12.3-percent, 9.7-percent and 7.7-percent expansions respectively seen in transfers from Asia, the Americas and Europe.

Growth in these regions made up for the 15.3-percent decrease in remittances from the Middle East, which the central bank said was partly due to a continued repatriation program.

Almost 79 percent of total cash remittances for the year came from the US, Saudi Arabia, the United Arab Emirates, Singapore, Japan, the United Kingdom, Qatar, Canada, Germany and Hong Kong.

Commenting on the latest remittance data, ING Bank Manila senior economist Nicholas Antonio Mapa said last year’s growth showed “these flows remain structural and a source of FX (foreign exchange) we can count on.”

He projected a 3-5 percent growth this year as “Filipinos will always find a way to send home remittances, come hell or high recession.”

“If the trade gap, however, remains wide, structural flows from OFWs and BPO (business process outsourcing) call centers may not be enough to offset the drain in FX, leading to a slight depreciation of the peso towards year end,” Mapa warned.

[firestarter]

I do not know where they get their data, that is a far-cry from the latest PSA posting

https://psa.gov.ph/statistics/survey...seas-filipinos

In this case, who do we believe?

BSP has there own listing here.

http://www.bsp.gov.ph/statistics/keystat/ofw.htm

Year to date as of December 2018 is at $28,943M Cumulative.

It's closer to Manila Times at about 1.591T pesos though at 55Php = 1USD.

With this, I don't think we can discount the OFWs contribution as a main driver of our economy.
Save, that there are other drivers too, like the BPOs, etc, etc..

[firestarter]

Boss you misunderstand. Wala nako gi discount ila tabang sa ato country. Dako ila tabang.

Ang ako point lang is if they really believed in Duterte, they help with the nation-building. A nation is built from the inside. Walay country nidato relying on human capital as a chief export. Dili ta mudato anang remittances. Ang kailangan nato kay industry. Whether manufacturing or service. Now, dili ka makabuhat ana if OFW ka. Correct me if I'm wrong.

Cash is basically the lifeblood of the economy, whatever or whoever brings in cash inside the country. May it be capitalists, investors, workers, remittances it keeps the economy going and growing.

We can't deny the facts that Duterte made it easier for them to process government papers, that one-stop shop is an ease even for the common person much more for the OFWs who's time here in the Philippines while on vacation are limited and would want to spend more on families and friends than queuing for government transactions. Also made NAIA a bit securer for them when they go in and out the country. Duterte always gives time to talk to OFW or gives speeches while he is in their temporary country of work. There is also that OFW Bank.

These might mean little to none for some, but the mere presence of the highest ranking official of your homeland gives a huge positive impression.

Pero mao lage, we are subject to our biases, but for me no other President has done what he has done for the OFWs. That could be the cause of why he is popular to the OFWs. I can still remember fearing going through NAIA even for domestic flights for fear of that laglag bala. Duterte made it simple for them, by just confiscating the "bala" and leave them be on their way without holding them thereby missing their flights.

These are simple facts.. and it is not deniable, which gives a huge boost to his popularity.

With regards to nation building, I can't really say for certain, if naa ba gyuy country or wala ni datu just by exporting human capital alone.

But for the meantime nga mao pana ang naghatag ug daku nga cashflow sa economy and the country. Business strategy would dictate to take care of it and optimize it, some rightest capitalist would even use the term "exploit" it to the maximum, to give the highest possible cashflow.

I can even recall Duterte calling for an "inclusive growth", which I think jives with what you are saying. However, while we are at it, labi na nga mao na ang imong cash cow, then send people outside the country, protect them, and take care of them.
They are your investments. I think Duterte is doing well in this aspect.

[kit_cebu]

lalalalalala......

SWS: Duterte administration's satisfaction rating reaches record high

SWS: Duterte administration's satisfaction rating reaches record high

[boss_digong]

lalalalalala......
SWS: Duterte administration's satisfaction rating reaches record high

Mga DDS na lng ang motuo anang inyong survey2x, bradier.

Pero ang majority sa mga pilipino, dili na motuo ana. Kay halata ra kaayo ang pattern.

Basta naay kabulastugan o kapalpakan nga mahimo si Digong, magpagawas dayon og mga survey nga magdayeg sa current admin.

Sama karon nga five days ng absent ang presidenti sa palasyo, apilan pa adtong DAKO kaayong PALPAK nila sa 'Oust Duterte Matrix' (diin si Panelo mismo miangkon nga unknown number ang ilang source adto) ug pagdakop kuno sa uploader ni Bikoy (pero igo ra man diay to siya nagshare sa mga youtube links sa maong mga videos).

Hagba' kaayo ang credibility ug trust rating sa current admin tungod ana. Maong, as predicted, nagpagawas na sab sila'g survey2x nga pabor kaayo sa current admin.

[MrTuthaus]

lalalalalala......



SWS: Duterte administration's satisfaction rating reaches record high

The BEST Philippine President ever!!! God bless you Tatay!!

[boss_digong]

Asa na kaha ning mga drogaha karon, 'sa?

Cocaine worth P1B seized in Caraga since February

https://newsinfo.inquirer.net/111315...since-february

Human ma-recover sa mga fishermen ug gi-turn over sa PNP/PDEA wala naman balita kun gisunog o gidestroy ba.

Ngano kahang gi-hunting nila'g maayo ang source sa 'Ang Totoong Narco List' pero kining SOURCE aning mga cocaine nga sayon ra kaayong gipa-lutaw2x sa atong kadagatan wala gyu'y klarong imbestigasyon sa PDEA hangtud karon?

FLOATING COCAINE - Another 'ONLI IN DA PILIPINS' Experience!

Floating cocaine: Only in the Philippines – PDEA chief

PDEA Director General Aaron Aquino said Tuesday that floating cocaine had so far been recorded only in the Philippines, citing information from 65 countries.

“Nakipag-coordinate na kami sa 65 countries at sa Pilipinas lang nagkakaroon ng ganitong floating cocaine,” Aquino said in an interview with DZMM.

But even now, Aquino said that the PDEA was still “blank” in establishing any leads regarding the discoveries.

“Even the US DEA (Drug Enforcement Administration) told me that it’s a mystery. Hindi pa rin nila mabigyan ng assessment kung bakit nagkakaroon ng floating cocaine,” he said.

https://newsinfo.inquirer.net/109978...pdea-chief/amp

Nag war on drugs kuno pero ang mga cocaine nagbaha, nangadagsa na lang gani sa atong mga kabaybayunan.

Unya imbes nga pa-imbestigahan ang expose' bahin sa drug syndicate nga gi-mention sa whistleblower, nagpataka naman nuon og panumangil nga ang mga media org nga critics ni Digong maoy source adto.