BBM's Platform of Government

[kisshmet]

ung part na the dollar is strong tama naman

the whole world is feeling the effect of the strong dollar

pero at the same time the peso is also under pressure dahil sa trade gap

yan hindi binanggit ni sandro

if anyone will bother to check, PH has been importing far more than exports

latest number is 6 billion dollar trade deficit

singapore that is a NET-EXPORTING COUNTRY isnt affected much by the strength of the US$

philippines is a NET-IMPORTING country, hence the weak performance of the peso against the strengnth of the US$

philippines has many $ if the marcoses will bring back home the $ stashed by marcos sr in offshore banks

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[uls]

singapore that is a NET-EXPORTER COUNTRY isnt affected much by the stregnth of the US$

philippines is a NET-IMPORTING country, hence the weak performance of the peso against the stregnth of the US$

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yes i mentioned that in another thread

singapore has trade surplus

Japan and SK are known to be net exporters but now they have trade deficit

that's why JPY and KRW are weak

[kisshmet]

yes i mentioned that in another thread

singapore has trade surplus

Japan and SK are known to be net exporters but now they have trade deficit

that's why JPY and KRW are weak

so the peso is really weak because more US$ goes out of the phil national treasury

so being in denial of the problem wont solve the problem which is the WEAK PESO due to TRADE DEFICIT

staying home will help keep the $ in the phil economy

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[TopEngine]

A country needs $ to have transaction globally. If we export goods or services, they pay us in $. If we import, we pay in $. We have $ trade deficit because we import more than our exports. As the young Marcos said, we have to lessen our dependency on imports. How? produce own food and other materials domestically (of course we can't produce all). At Export side, hey, isn't the President just had State Visits and working visit inviting investors to come/invest in PH? To produce more jobs & services that we could export more somehow. It's a long-term solution, not an overnight fix.

Export - Imports = Trade Gap/ (if negative, Deficit)

[uls]

so the peso is really weak because more US$ goes out of the phil national treasury

so being in denial of the problem wont solve the problem which is the WEAK PESO due to TRADE DEFICIT

staying home will help keep the $ in the phil economy

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yep that's one way to conserve dollars

going abroad for holiday is a drain on dollars (people take dollars out of the country)

-

isa pa drain on dollars ung concert ng mga foreign artist

dapat stop muna yan

[dr. d]

A country needs $ to have transaction globally. If we export goods or services, they pay us in $. If we import, we pay in $. We have $ trade deficit because we import more than our exports. As the young Marcos said, we have to lessen our dependency on imports. How? produce own food and other materials domestically (of course we can't produce all). At Export side, hey, isn't the President just had State Visits and working visit inviting investors to come/invest in PH? To produce more jobs & services that we could export more somehow. It's a long-term solution, not an overnight fix.

Export - Imports = Trade Gap/ (if negative, Deficit)

like buying from local producers / farmers, in lieu of importing.

[bxr monkey]

like buying from local producers / farmers, in lieu of importing.

Innova, Vios, Mirage, Yokohama, Motolite, Rota.

[dr. d]

Innova, Vios, Mirage, Yokohama, Motolite, Rota.

sinandomeng. dinodrado. even barbecue sticks. ang daming locally available items naman, bakit import pah.

[kisshmet]

stop the import of galungong from china to help strengthen the peso

conserve on fuel product because its imported to help strengthen the peso

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[Mask Rider Blac]

Malamang hindi 'to alam ni Sandro.

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[dreamur]

1. Limit foreign loans
2. Collect hidden wealth
3. Hire a lot of telephone operators (kags happy)

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[bugsmobile]

[_Cathy_]

so many versions of that all over FB LOL

usually,
it's not how intelligent the audience are,
but how good the speaker is, at explaining at the level of understanding of the audience.

but i understand his point.
"we're not weak; the other side is just stronger."

same, I am not a fan of Charice este Sandro but I get his point too so I don't understand why he is getting flak for his explanation. Even kakampinks (which I expected more from) are doing it.

The mocking is not due to his explanation, but we were hoping him being a London School of Economics graduate, he would actually give out suggestions/plans to improve the situation and not being Captain Obvious.

unfortunately, majority are mocking his explanation because they don't understand. Maayos naman para lang siya nasa recitation or nagre report sa class in his interview LOL!

FB shows gaano kadami mahina ulo sa Pinas.

[kagalingan]

gayahin nyo technique ko. Pag imported items bili lang kayo if good sa health and buy1take1 / 50% off pataas.

magtanim kayo ng gulay madaling tumubo example ampalayang ligaw. Mga 10squaremeter eh pataas naman ang tubo yan viney so space consuming. Kahit 1 squaremeter kayang-kaya kasi gagapang pataas, pitas-pitas.

[Ry_Tower]

1. Limit foreign loans
2. Collect hidden wealth
3. Hire a lot of telephone operators (kags happy)

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Yung 1 and 2 goes out the window na agad. Best and brightest din kasi Cabinet daw ni P88M eh, same with PDuts.

[uls]

ung pag crisis bumibili ng dollar

di kasi naipaliwanag nang maayos

pag magulo ang mundo you wanna hold the currency of the most stable country right?

or kunwari ung bansa mo magulo may political instability pwede mag coup

you don't wanna hold the local currency you wanna hold USD

[kisshmet]

^kung ugali ng pinuno namagtago ng yaman sa ibang bansa (peso or gold converted into $)..TALO TALAGA ANG PINOY KAYA TALO DIN ANG PESO

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[TopEngine]

Gov’t expects early production in Cadlao oil field

THE Marcos administration expects an offshore oil field northwest of Palawan island to bring “recoverable” volumes of five to six million barrels of oil in early production towards the second half of 2023.

Its optimism comes after the Department of Energy (DoE) allowed Nido Petroleum Philippines Pty. Ltd. to proceed with an on-site survey for drilling locations under Service Contract (SC) 6B in the Palawan basin by the fourth quarter of this year.

In a statement on Tuesday, President Ferdinand R. Marcos, Jr. said the plan to conduct the survey in the Cadlao oil field will encourage investors to enter the country’s oil and gas sector.

He said the go-signal to Nido Petroleum, the operator of SC 6B, paves the way for the drilling of two wells — one exploration and one appraisal — during the first quarter of next year. The appraisal well could lead to early oil production into the second half of next year, he added.

Mr. Marcos said the plan signals the Philippine government’s “intent to maximize indigenous resources and has attracted strong interest from foreign investors in the Philippine upstream oil and gas sector.”

-excerpt

[Yatta]

Philippine Peso falling faster than other currencies in SE Asia.

[uls]

Philippine Peso falling faster than other currencies in SE Asia.

SGD and IDR are performing well

coz both countries have trade surplus