BBM's Platform of Government

[Flipo]

12/09/2022 MAGANDANG ARAW : BAKIT DELIKADONG GAMITIN ANG PONDO NG BSP SA MAHARALIKA?

#BUNYOG
#EnzoRecto
#AttyRPT
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[Ry_Tower]

How Diokno described here is notoriously accurate..

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Ang layo nito kay Amando Tetangco na talaga pinabilid ang international community. Too maleable si Ben Diokno, sayang at magaling at matalino pa naman sana.

[uls]

12/09/2022 MAGANDANG ARAW : BAKIT DELIKADONG GAMITIN ANG PONDO NG BSP SA MAHARALIKA?

#BUNYOG
#EnzoRecto
#AttyRPT
?? Facebook | Facebook

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can you give a summary of the video?

[uls]

off the top of my head i can tell you why the maharlika fund bad for our doilar reserves

assuming the fund will invest outside PH

it will need to convert pesos to dollars

sabi the fund will be 250B pesos

so imagine that fund competing with importers for precious dollars

lalo bababa ang dollar reserves ng pinas

hihina ang piso

[Flipo]

can you give a summary of the video?

Enzo Recto is an opposition who is against the concept of Maharlika fund which is not timely according to him. Also raised that BSP even F. Medala is against it as the GIR dwindle in Nov. 2022 due to debt payment and the peso defense.

His new vlog is against Banat By handler of Mocha Uson that Maharlika fund is galawang dilawan.

[Mask Rider Blac]

So the original plan was to use BSP's dollar reserves. Medalla backtrack and he's now branded a traitor/unpatriotic..
https://bilyonaryo.com/2022/12/08/pa...fund/business/

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[Mask Rider Blac]

Ang layo nito kay Amando Tetangco na talaga pinabilid ang international community. Too maleable si Ben Diokno, sayang at magaling at matalino pa naman sana.

Napakalayo..halos every year A+ ang performance rating ni Gov Tetangco.

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[uls]

gaano ba kadami dollars pumapasok sa pinas per month?

1B? 2B?

compare that to saudi arabia 500M to $1B PER DAY

may karapatan ang saudi arabia mag sovereign wealth fund kasi nalulunod sila sa dollars

eh ang pinas kailangan mag export ng tao para kumita ng dollars

tapos pasosyal gusto mag sovereign wealth fund

wtf

it just doesn't make sense

[TopEngine]

seems like MWF just short of steam at first, but continues to roll

[Ry_Tower]

https://www.philstar.com/business/20...alth-fund-bill

DOF chief to head Maharlika board
Another salient feature of the amended bill is the designation of the Finance Secretary as chairman of the board of governors, replacing the Philippine president. The revision was meant to “insulate (Maharlika) from politics," lawmakers said.

Tanga lang maniniwala sa mga katagang ito.

[Yatta]

Behest loans
Fabella recalled that the country had initiated a sovereign wealth fund of sorts in the 1970s-1980s, albeit under a different name then.

“It funded ‘behest loans’ granted by President Marcos 1 of which the legal cover was the Presidential Decree powers of the President under the 1973 Constitution,” he said.

“Resources in DBP (Development Bank of the Philippines) and PNB (Philippine National Bank) became as it were the personal ATM of the president and first lady. The DBP and the PNB were emptied of resources in a massive but legal ‘privatized profit-socialized losses’ orgy. And the Philippines fell into a foreign debt-eclipse for a decade,” Fabella pointed out.

Similarly, he said the Oil Price Stabilization Fund (OPSF) had started out as a “high-minded” government response to the oil crises and was meant to recoup the welfare gained from reduced pump price volatility.

“But as is normal in government projects, the required price adjustments were politicized and OPSF became a black hole of fiscal resources threatening to bankrupt the state. No money for construction and repair of roads and bridges; [instead there was] massive subsidy for private cars and SUVs (sport utility vehicles),” Fabella said.



Read more: MIF ‘beyond repair,’ says nat’l scientist in economics | Inquirer News
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[TopEngine]

[Yatta]

Like father, like son. Biglang naglalaho kapag debate.

[111prez]

Wala pang isang taon at nakailang biyahe na ito sa labas ng bansa?

Magkano ang gastos sa bawat biyahe kasama mga unofficial na alipores nito?

Hmmmm

[Devastator]

Baka mag sho-shopping iyan for Belgian chocolates.

[dreamur]

I think he will seek investment abroad for his maharlika wealth fund. [emoji23]

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[viper888]

I think he will seek investment abroad for his maharlika wealth fund. [emoji23]

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Thats what 1MDB did

Goldman Sachs was the underwriter for the fund and they got fined $2.9B for their participation

Lets see if any investment banks are willing to take the risk

[papi smith]

So according to Bilyonaryo, accdg to Salceda daw, the fund is being created to buy back the NGCP from Sy-Coyuito. Haven't read the article yet, it was all in the title.

[TopEngine]

[shadow]

Ganito ba talaga ka-engot mga supporters? I mean…really?




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