Digong, The President

[commentator101]

Thankfully the business comnunity can see through the negative vibes the haters try so hard to create barely 2 months since Duterte becomes our president. Hindi sila natatakot sa anarchy/dictatorship kuno the haters said that the Philippines is in. The Philippines is safer than compared to previous years based on factual data. The people feels safe. The business community knows it. Haters in ruin.

Beyond war on drugs, Philippines' Duterte seen setting up economic boom

Less than two months in office, Philippines President Rodrigo Duterte is getting high marks from the business community for policies that could engineer an economic surge and companies say they are making new investments as a result.

While Duterte may be getting headlines for a bloody war against drug dealers and users, less attention has been paid to one of Asia’s few economic success stories.

The groundwork was laid by Duterte's predecessor, President Benigno Aquino, who took growth above 6 percent over his six-year term , but executives are also cheering the new administration’s focus on building new infrastructure and say it could spell the start of a long-term boom. Some even see Duterte's violent and highly controversial anti-drugs campaign as potentially positive.

"We are in a very good spot," said Antonio Moncupa Jr., president and CEO of East-West Banking Corp, one of the top 10 lenders in the country. "The pronouncement of government prioritizing infrastructure spending, accelerating it and cutting red tape, solving peace and order, I think all point to very good prospects ahead."

Last week, the government announced that the Philippines’ economy grew at 7 percent in the second quarter from a year earlier, its highest level in three years. It makes the Philippines the fastest growing among all countries that have reported so far for the second quarter.

When Duterte won the May presidential election, there were questions marks over how he would handle the economy – Duterte, who is nicknamed "the Punisher", has been unapologetic over unleashing the police on drug users and dealers. Philippine National Police Chief Ronald Dela Rosa said on Monday that there have been 1,800 drug-related deaths since Duterte took over as president, with 712 of those at the hands of the police.

The new president has launched a crackdown on online gambling, vowed to destroy oligarchs, warned that the country could live without a mining industry if environmental standards were not met and called the U.S. ambassador a "gay son of a whore".

But Duterte has a 91 percent approval rating in the latest public survey and businesses are lining up to announce expansion plans. The mainstays of the economy - remittances and the outsourcing sector - are flourishing and boosting domestic consumption.

Beyond war on drugs, Philippines' Duterte seen setting up economic boom
| Reuters

masama siguro loob ng haters kasi good news.

[minicarph]

Thankfully the business comnunity can see through the negative vibes the haters try so hard to create barely 2 months since Duterte becomes our president. Hindi sila natatakot sa anarchy/dictatorship kuno the haters said that the Philippines is in. The Philippines is safer than compared to previous years based on factual data. The people feels safe. The business community knows it. Haters in ruin.

Beyond war on drugs, Philippines' Duterte seen setting up economic boom

Less than two months in office, Philippines President Rodrigo Duterte is getting high marks from the business community for policies that could engineer an economic surge and companies say they are making new investments as a result.

While Duterte may be getting headlines for a bloody war against drug dealers and users, less attention has been paid to one of Asia’s few economic success stories.

The groundwork was laid by Duterte's predecessor, President Benigno Aquino, who took growth above 6 percent over his six-year term , but executives are also cheering the new administration’s focus on building new infrastructure and say it could spell the start of a long-term boom. Some even see Duterte's violent and highly controversial anti-drugs campaign as potentially positive.

"We are in a very good spot," said Antonio Moncupa Jr., president and CEO of East-West Banking Corp, one of the top 10 lenders in the country. "The pronouncement of government prioritizing infrastructure spending, accelerating it and cutting red tape, solving peace and order, I think all point to very good prospects ahead."

Last week, the government announced that the Philippines’ economy grew at 7 percent in the second quarter from a year earlier, its highest level in three years. It makes the Philippines the fastest growing among all countries that have reported so far for the second quarter.

When Duterte won the May presidential election, there were questions marks over how he would handle the economy – Duterte, who is nicknamed "the Punisher", has been unapologetic over unleashing the police on drug users and dealers. Philippine National Police Chief Ronald Dela Rosa said on Monday that there have been 1,800 drug-related deaths since Duterte took over as president, with 712 of those at the hands of the police.

The new president has launched a crackdown on online gambling, vowed to destroy oligarchs, warned that the country could live without a mining industry if environmental standards were not met and called the U.S. ambassador a "gay son of a whore".

But Duterte has a 91 percent approval rating in the latest public survey and businesses are lining up to announce expansion plans. The mainstays of the economy - remittances and the outsourcing sector - are flourishing and boosting domestic consumption.

Beyond war on drugs, Philippines' Duterte seen setting up economic boom
| Reuters

masama siguro loob ng haters kasi good news.

There are so many people like this: attack and criticize even though they are benefitting. Personally, I cant really understand how they cant even show a simple instance of gratitude, just because they hate the person.

Indeed, we live in complicated times where honor is a thing of the past. The most honorable ones are those who give credit to an enemy when it is due.

_________________________________
If you are wrong, turn right.
If you are right, turn left.

[badkuk]

DOTr na pala magmamanda sa traffic mess. Good luck to Sec. Tugade, he's gonna need it.

[commentator101]

Itong head ng BPI securities hindi rin apektado sa propaganda ng mga haters. Nagiisip kasi at nagaanalisa. Alam na makakabuti ang mga plano at reporma ni President Duterte para sa bansa.


PSEi could zoom past 9,000 on Duterte’s economic tack
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By: Doris Dumlao-Abadilla
*inquirerdotnet
Philippine Daily Inquirer
01:51 AM August 22nd, 2016

Read more: PSEi could zoom past 9, on Duterte’s economic tack | Inquirer Business
Follow us: *inquirerdotnet on Twitter | inquirerdotnet on Facebook



THE LOCAL stock barometer could breach the 9,000 mark next year on upbeat corporate earnings prospects backed by “transformational” reforms laid out by the Duterte administration to rebalance the Metro Manila-centric economy, the head of BPI Securities said.

Sharing the highlights of research commentary titled “Reboot Philippines 3.0” presented recently presented to foreign investors, BPI Securities chief executive Michaelangelo Oyson said the country was now on its third reboot since the EDSA Revolution.

“The first (reboot) 1.0 was about bringing back democracy and putting order (Cory Aquino and Fidel Ramos); 2.0 is fiscal reform (Gloria Macapagal-Arroyo and Benigno Aquino) and 3.0 is institutional reform,” Oyson said.

“A review of economic policies since the Marcos era indicates that a serious revamp of Philippine institutional and governance structures is necessary to sustain high levels of economic growth and improve Philippine competitiveness,” Oyson said.

The base case under the Duterte administration, Oyson said, would be for trend gross domestic product (GDP) to rise to 6.8 percent. The “bull” case would be 9 percent and the “bear” case scenario would be a growth of 3.7 percent.

Over the decades, Oyson said only consumption has grown while investment hardly moved as percent of GDP since the Marcos era. Government expenditure was flat as a ratio of GDP while net exports deteriorated. From the supply side, the services sector has moved up while agriculture has deteriorated.

“So my message to foreign investors is that Duterte is going to implement policies for sustainable growth. We had an old machine and all we’re trying to do was to replace the nuts and bolts,” Oyson said. “Duterte is trying to get a newer machine to push the sustainable growth in the Philippines and his models fit in the world economic competitive index.”

As such, BPI Securities sees the following as the major investment themes that would characterise the Duterte administration:

– declogging the Philippines (ramp-up of infrastructure spending);
– the rise of the next generation Filipino (income redistribution); and,
– the rise of next wave cities.

Any upgrade in the earnings of listed companies would be contingent on key reforms to expedite infrastructure development, he said.

Looking at the earnings consensus growth of about 11 percent for next year, he said the Philippine Stock Exchange index could reach 9,088 based on a price to earnings (P/E) ratio of 21x. This means investors will be willing to pay 21 times the amount of money they make. This year, the consensus earnings growth of around 15 percent is seen enough to propel the PSEi to 8,219 based on a P/E ratio of 21x.

“What will be a challenge to many companies in the Philippines is that for the last century, all strategies were Manila-based,” Oyson said, adding these companies would now have to look for growth opportunities in Visayas and Mindanao.

For their exposure to the goal of Duterte, BPI Securities favors indirect plays such as consumer and property stocks. They are seen to benefit companies out to win infrastructure projects under the public-private partnership (PPP) framework.

BPI Securities’ top picks are Jollibee Foods Corp., SM Investments Corp., SM Prime Holdings, Ayala Land Inc., Universal Robina Corp., Metro Retail Stores Group Inc., Century Pacific Food Inc. and D&L Industries.

“We believe infrastructure projects are typically low-return business. We also think there is risk that the winning bidder overpays,” Oyson said.

For those looking for direct infrastructure plays, BPI Securities favors Megawide Construction and Metro Pacific Investments Corp.

The brokerage house is also upbeat on the power sector. It is “underweight” (a recommendation to reduce position relative to a benchmark index) on banks and telecommunications.

[safeorigin]

^lol here we go again.

like I said before(in the previous administration which benefited enormously for PR purposes), it has less to do with government policies

and more to do with regional momentum

MSCI Emerging Market Index chart, prices and performance - FT.com

[screws]

i wanna see malaysia, indonesia, and philippines if theres any deviation from that index.

[commentator101]

Nung lumabas nung campana na nangunguna si Presidente Duterte sa survey, sinisi sya dahil bumagsak nun ang stock market. Natatakot daw mga business men. Ngayon business man na mismo ang nagsabi, head pa ng BPI securities na isa si duterte sa dahilan, ayaw pa ring maniwala. Haters gonna hate.

Butata si De5 kanina kay Gen Bato. Sabi ni bato dapat dati pa nilagay ang SAF sa bilibid. Sagot ni De5, naisip na rin daw nya yan nung DOJ sya na maglagay ng SAF pero di nya tinuloy kasi marami daw paper works pa. Nakupo kung gusto madali kita mo ngayon nagawa, kung ayaw maraming dahilan.

at saka ang lakas magmalinis ni De5. Magbalik tanaw po tayo sa panahon nila

PNoy administration's human rights record under fire
RG Cruz, ABS-CBN News

Posted at Jan 29 2016 08:56 PM

MANILA - An international human rights group finds the Aquino administration lacking in holding human rights violators accountable.

In its World Report 2016, Human Rights Watch said, "President Benigno Aquino III’s final full year in office was marked by numerous instances of local intimidation and violence—reminiscent of past election periods—by often unidentified assailants against politicians, their supporters, and outspoken voices in media and civil society groups. The Philippine government took little effective action to hold to account those responsible, including security force personnel."

"Overall, however, Aquino’s record on human rights has been disappointing due to the failure to address impunity for the government’s rights violations. Among the reasons were lack of political will to investigate and prosecute abuses by state security forces; a corrupt and politicized criminal justice system; and a traditional 'patronage politics' system that protects officials and security forces."

PNoy administration's human rights record under fire | ABS-CBN News

[MR_BIG18]

So what defines "junk food"? Nutrition content?

Anything that is processed sir, if the ingredients you cannot read or pronouce...i consider cereal junk also

[badkuk]

Anything that is processed sir, if the ingredients you cannot read or pronouce...i consider cereal junk also

Baka pati instant noodles tamaan din...

Most likely they'll just print out a list of "junk foods" that will be taxed, then that's that. Anyways, still being considered pa naman.

[MR_BIG18]

^ Expect snack food makers to load their products with vitamins to get around the "junk food" tax ^_^

Tax junk food, thats blasphemy

[MR_BIG18]

Baka pati instant noodles tamaan din...

Most likely they'll just print out a list of "junk foods" that will be taxed, then that's that. Anyways, still being considered pa naman.

My guess is they wont touch the can goods, instant noodles and condiments, those are staples of the "masa"...and yes, they should tax those sweet and salty snacks thats in the middle of the grocery aisle...including softdrinks..

[screws]

isaw, betamax, ulo ng manok, paa ng manok. 100 pesos per stick.

[safeorigin]

i wanna see malaysia, indonesia, and philippines if theres any deviation from that index.

Asian Pacific Stocks - Bloomberg

well, we're not really that much different from the rest of ASEAN countries

[MR_BIG18]

isaw, betamax, ulo ng manok, paa ng manok. 100 pesos per stick.

Sir, those are whole foods, when you see one, you know where it came from and what parts, compare that to a hotdog and spam

[badkuk]

Um i'm compelled to remind everyone, pinaplano pa lang naman yung junk food tax. No need to panic yet (tho kung matuloy nga yan, kanya kanyang hakot na ^_^)

[WallyWest]

What would be the point though? Anyone curious enough to watch the video would immediately know it's crap. Di kaya clickbait lang for ad money?

Marami ang pagkabasa pa lang ng title, Like at Share agad. Para ba masabing sila ang nauna sa balita.

Tapatalked

[MR_BIG18]

Um i'm compelled to remind everyone, pinaplano pa lang naman yung junk food tax. No need to panic yet (tho kung matuloy nga yan, kanya kanyang hakot na ^_^)

Its obvious that we love to eat, thats why

[commentator101]

Mga businessmen na mismo pumupuri kay President Duterte. Malakas kumpiyansa sa admin. Pero syempre expected ko na sasabihin ng mga haters.

Tama si gordon, yung dating admin wala naman ginawa sa ekj at riding in tandem dati, tapos ang lakas ng loob manawagan ni De5 ngayon. Santong kabayo tuloy ang dating.

Gordon: Placards on suspects, unexplained killings not new
By Rosette Adel (philstar.com) | Updated August 23, 2016 - 5:00pm

MANILA, Philippines — Sen. Richard "Dick" Gordon is not alarmed by the trend of placards on bodies of suspected drug pushers and unexplained drug killings, saying the phenomenon is nothing new.

At the Senate hearing on alleged extrajudicial killings, Gordon said that on the early days of previous administrations, there were also houses being painted with words like “This is a house of a drug pusher!” and placards placed on dead bodies saying “I am a drug pusher."

“To be fair to the public, this (placard) is nothing new. It has been done before, even during the time of the chairman (Sen. Leila De Lima) as CHR chair,” Gordon at the Senate committee on human rights hearing on Tuesday.

Gordon said he also remembered an American senator raised unexplained killings in the Philippines at the US appropriations committee to oppose aid for the country during the administration of President Gloria Macapagal Arroyo.

The senator said the Philippine National Police (PNP) can instead report numbers that can be attributed to specific criminal acts, such as killings by riding-in-tandem gunmen.

“For so many years, we have been inflicted with this malady called riding in tandem. People are killed and I don't hear any solution to these cases. This has been occurring long before this administration and beyond it,” Gordon said.

The Department of Justice was also asked how many inmates escaped and perpetrated crimes, killing people including mayors, judges and prosecutors.

“How many cases of drug lords have been incarcerated? Obviously, the cases have been dismissed in the lower courts. How many cases of confiscation of the profits of crime? Meaning, how many cars, houses, money in banks have been confiscated by the DOJ and by law enforcement authorities? That is in the law,” Gordon said.

[screws]

Sir, those are whole foods, when you see one, you know where it came from and what parts, compare that to a hotdog and spam

notice no liver?

anyway, the problem is not on the parts itself but the way it is prepared. the amount of whatever junk that goes in it and the gravy where you dip it is what makes it a junk.

[MR_BIG18]

notice no liver?

anyway, the problem is not on the parts itself but the way it is prepared. the amount of whatever junk that goes in it and the gravy where you dip it is what makes it a junk.

Totally!!! Street foods are dirty anyway..