Results 31 to 40 of 46
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January 17th, 2013 01:47 PM #31
Again, and this time, I fully agree with you on this, bro.niky.
We need to have a manufacturing (employment) base to be able to sustain what we have now and bring everything up to the next level.
After China, let them look nowhere other than the Philippines,- this is the greatest challenge to our current government.
17.8K:snow:
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January 17th, 2013 01:59 PM #32
thank you OFWs for the economic boom
http://www.philstar.com/business/201...s-6-jan-nov-12
MANILA, Philippines - Money sent home by Filipinos living and working overseas hit $19.416 billion in the first 11 months of 2012, up six percent from a year ago level, the Bangko Sentral ng Pilipinas (BSP) reported yesterday.
The latest growth figure was higher than the central bank’s forecast of a five percent expansion.
For November alone, cash remittances amounted to $1.918 billion, the second highest for the year after October’s $1.928 billion.
Personal remittances such as hand-carried money transfers also grew 7.6 percent to $2.131 billion in November. So far, these transfers have grown by a faster 6.1 percent to $21.592 billion during the 11-month period.
and the trafficLast edited by uls; January 17th, 2013 at 02:03 PM.
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January 17th, 2013 02:20 PM #33
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January 17th, 2013 03:43 PM #34
With only a few moneyed families controlling the economy and a constitution restricting and scaring off foreign investment... Only exporting more cheap labour can sustain so-called Philippine growth.
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January 17th, 2013 05:29 PM #36
Well, they're keeping consumer spending going, especially in the provinces.
Malakas kutob ko na anak ng OFW yung naka Everest na nag block sa entrance ng church last Sunday... something in the way kung paano umasta. Nag traffic pa kami palabas ng parking dahil sa kanya.
For long term industries, as long as we're tied down with high power rates and lots (and lots... and lots) of red tape and corruption at the LGU level along with idiot militant workforces, goodluck.
One thing going for PNoy up to now is that the image that he's trying give in terms of "daang matuwid" is possibly still a driver of investor confidence; at least with the top level of government. This is contrast to GMA where it was all dirt from top to bottom. At the LGU level, and other parts of government... it's a different story though. Heck, sa VP level pa nga lang...Last edited by vinj; January 17th, 2013 at 05:32 PM.
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January 17th, 2013 06:20 PM #37
yep... I can't laugh at the other presidents the way P-noy is making me laugh. At least Erap didn't won, that could have been the biggest Philippine historical joke of all time.
It's been what, how many years now? Sa Pinas yung mga mayayaman lang ang patuloy na yumayaman, yung mahihirap, mas lalong naghihirap. You can't just blame economy on it though, sa mga ugali pa lang ng Pinoy marami ng dapat muna baguhin eh. A brain (President) and the body (constituents) must work together to achieve a common goal, unless we have them both, we're miles away sa totoong booming economy.
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January 17th, 2013 06:23 PM #38
Expect heavier traffic once we win investment-grade credit status from rating companies, most likely this year. :-*
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January 18th, 2013 09:31 AM #39
I just remembered a situation (movie?) when a foreigner complained about the stink of the Hongkong port....
The Hongkong local proudly replied,- "It is the smell of money"...
For as long as we're given the "investment-grade" status,- bring on more traffic, please.
Of course, the pressure is on for the government to mitigate if not eliminate the situation. Else, there will be no sustainability....
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January 18th, 2013 10:14 AM #40
I'd rather have a few of hours of traffic as a sign of "progress" rather than pollution/smog that last for day and weeks...But sooner or later this will come from all those idle smoke belching machines.
Beijing’s smog problem - an environmental cost of China’s economic miracle
As Beijing prepares to unveil its 2012 GDP growth later this week, the pollution is a reminder that a country cannot become the world’s second-largest economy in just 30 years of global participation without some serious side effects. Among the costs of this pollution are flight cancellations and delays, major road accidents and highway closures, emergency rooms packed with gasping children and adults, and rapidly rising rates of chronic lung disease, heart disease and cancers. The World Bank has estimated that in 2009 alone, air pollution cost the equivalent of 3.3 per cent of China’s GDP, or about 700 billion yuan (over $112-billion U.S.).Last edited by Monseratto; January 18th, 2013 at 10:17 AM.
Buhay na buhay ang BGC this evening. Bukas halos lahat ng restaurants. Sabi pa nung isang cashier...
Traffic!