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  1. Join Date
    Dec 2005
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    #31
    Quote Originally Posted by niky View Post
    The bigger challenge, though, is to rekindle the manufacturing sector. Something which this administration hasn't done in an appreciable manner, yet. Really hope they can persuade more companies to move here, especially with the political tension in China and the rising wages there.
    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:

  2. Join Date
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    #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 traffic
    Last edited by uls; January 17th, 2013 at 02:03 PM.

  3. Join Date
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    #33
    Quote Originally Posted by uls View Post
    thank you OFWs for the economic boom

    OFW remittances up 6% in Jan-Nov

    and the traffic
    Tama ka riyan, bro... So much moolah floating around.

    Mababaw ang dahilan ng pag-asenso ng Pilipinas...

    Isang malakas na ulan lang,- mabubunot mo ang ugat...

    Need long-term industries (and jobs) in the country for sustainability....

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  4. Join Date
    Sep 2003
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    #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.

  5. Join Date
    Oct 2002
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    20,193
    #35
    Quote Originally Posted by stickers View Post
    hindi ba better sign of booming economy ang moderate traffic seen in a modern road infrastracture. si Pinoy mema talaga eh...
    If this was said by a different President I think you would have a different opinion.
    Last edited by boybi; January 17th, 2013 at 05:03 PM.
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  6. Join Date
    Oct 2002
    Posts
    17,335
    #36
    Quote Originally Posted by uls View Post
    thank you OFWs for the economic boom

    http://www.philstar.com/business/201...s-6-jan-nov-12




    and the traffic
    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.

  7. Join Date
    Mar 2012
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    #37
    Quote Originally Posted by boybi View Post
    If this was said by a different President I think you would have a different opinion.
    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.

    Quote Originally Posted by Monseratto View Post
    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.
    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.

  8. Join Date
    Aug 2012
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    570
    #38
    Expect heavier traffic once we win investment-grade credit status from rating companies, most likely this year. :-*

  9. Join Date
    Dec 2005
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    #39
    Quote Originally Posted by Pipefish View Post
    Expect heavier traffic once we win investment-grade credit status from rating companies, most likely this year. :-*
    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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  10. Join Date
    Sep 2003
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    23,291
    #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.

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Aquino on EDSA Traffic