More Pinoys are self-employed

[jpdm]

[SIZE=2]ADB, gov’t measuring size, share in economy[/SIZE]
[SIZE=2]Informals increase as formal sector shrinks[/SIZE]
[SIZE=2]Manila Times, April 20, 2008
[/SIZE]
By Rene Q. Bas, Editor in Chief

E[SIZE=2]CONOMISTS and the head of the largest association of employers in the country are worried that the formal sector of the economy has shrunk and the informal sector (IS) has grown despite the spectacular economic growth the Philippines has enjoyed these past years. 2007 posted the highest growth—7.3 percent—in 30 years.[/SIZE]
[SIZE=2]Employers Confederation of the Philippines (ECOP) President Sergio Ortiz-Luis last week told GMANews.TV that the formal sector in 2007 had shrunk to 4.7 million from 6.3 million members in 2003, while the informal sector in 2007 has grown to 27 million from 21 million in 2003.[/SIZE]

P100B revenues lost
The domestic economy continues to grow but the number of informal sector workers and operators is rising. This costs the government about P100 billion of forgone revenues annually, economists told The Manila Times.
Dr. Victor Abola, economist at the University of Asia and the Pacific (UA&P), estimated that the government loses at least P70 billion annually from revenues uncollected as taxes from the informal sector.

[SIZE=2]Industrial jobs down [/SIZE]
[SIZE=2]Benjamin Diokno, economist at the University of the Philippines and Budget secretary of the Estrada administration, said the growing informal sector of the economy is caused by the unemployment rate which continues to rise despite the growth of the economy. [/SIZE]
[SIZE=2]“The quality of [economic] growth is very low,” Diokno said, which is why it is not creating more jobs for Filipinos. [/SIZE]
[SIZE=2]Diokno said the manufacturing sector is employing less and less. There were only 880,000 manufacturing jobs in January 2008, lower than the 910,000 employment figure in January 2007. [/SIZE]
[SIZE=2]The UP economist said the government should improve the quality of economic growth to increase employment in the formal sector.

[/SIZE] [SIZE=2]True solution [/SIZE]
[SIZE=2]Is there a true and long-term solution to the problem of uplifting our expanding informal economic sector? Some believe is it to revive our moribund industrialization and to reinvigorate our agriculture and enrich the rural areas. It is also proposed as the solution to the problem of food security and massive poverty. (See “Social protection for informals is a fair trade issue—Tañada”). [/SIZE]
[SIZE=2]-- With Darwin G. Amojelar[/SIZE]

[SIZE=2] The truth is, the reason why there are more self-employed people because after losing their jobs due to the destruction of local industries because of massive importation they have no place to go but to put their meager back pays and retirement pay into business (small time).

The government must do something before its too late. Pinoys are losing their income big time. very few people earns now perhaps the importers...

The only way is to pursue industrialization so that full employment of our resources will be attained.[/SIZE][
[SIZE=2]
sayang ang likas-yaman at talino n pinoy. ...
[/SIZE]

[jpdm]

[SIZE=2]Manila Times, Special report
[/SIZE]

[SIZE=2]Sunday, April 20, 2008[/SIZE]
[SIZE=2]Social protection for informals
is a fair-trade issue—Tañada[/SIZE]
[SIZE=2]By Wigberto Tañada[/SIZE]

[SIZE=2]According to the ILO [International Labor Organization], the informals constitute 65 percent of the work force. If I may borrow from one old folk wisdom, God so loves the informals, He made so many of them. [/SIZE]
[SIZE=2]The army of the informals is large and keeps growing. Every city and town in the Philippines today is teeming with the informals. Inpormal sa kalunsuran, inpormal sa kanayunan. [Informals in the cities, informals in the countryside.] In fact, you easily see them in the proliferation of cardboard villages all over the country. [/SIZE]

[SIZE=2]Why are the informals multiplying? Why is the informal economy large and growing? [/SIZE]

[SIZE=2]The answer is not difficult to find. Because the formal economy is not growing fast enough. Because the creation of good, quality and protected jobs is not moving fast enough. Because the Philippines has failed to industrialize—despite five decades of the IMF’s so-called assistance and despite three and a half decades of the World Bank’s “structural adjustment” program for the country. [/SIZE]
[SIZE=2]In short, the large and growing informal economy is a giant testimony to the grand failure of the economic technocrats to build a modern and progressive economy based on their narrow concept of development—that growth automatically happens when the market is liberalized and opened up. This is exactly what the government did.
[/SIZE]

[SIZE=2]In the l980s and l990s, the industrial and agricultural sectors were opened up. In fact, we cut our tariffs way below those of other countries and way below our own commitments to the WTO.
[/SIZE]
[SIZE=2]And look what happened. Natimbuwang parang mga cardboard boxes ang ating mga pabrika. Maraming na-layoff. Ang ating agrikultura ay hindi na umusad. [Like cardboard boxes our factories collapsed. Many were laid off. Our agriculture is held back.] From a net agricultural exporter up to l994, the Philippines, starting in 1995, has become a net agricultural importer.[/SIZE]

[SIZE=2]The Answer therefore is to revive our manufacturing sector and and rapidly industrialized. Because that is the only way.[/SIZE]

[ringostarr]

i say no to industrialization and reviving the manufacturing sector. we should all concentrate on what we do best, pabrika ng bata. peopleware is our main resource and skill is our main advantage over others.

China may not know this bec. they are so engrossed with their current progress pero later in this century, they will pay for what they have done to the world. by building so many factories, they have contributed so much carbons in the air.

actually it's starting na nga eh, a portion of their agricutural land masses are dwindling. it wont be long and nature will get back of them. imagine more than 1B people exhaling Carbon dioxides tapos tayo pa sila ng tayo ng pabrika as well as each of the 1B eh may sariling consumption of energy ... talaga sila ang titirahin ng nature pag nakataon.

ok na Philippines na ganito. we should concentrate kung ano strength natin, and stay away from nature's wrath.

[jpdm]

i say no to industrialization and reviving the manufacturing sector. we should all concentrate on what we do best, pabrika ng bata. peopleware is our main resource and skill is our main advantage over others.

China may not know this bec. they are so engrossed with their current progress pero later in this century, they will pay for what they have done to the world. by building so many factories, they have contributed so much carbons in the air.

actually it's starting na nga eh, a portion of their agricutural land masses are dwindling. it wont be long and nature will get back of them. imagine more than 1B people exhaling Carbon dioxides tapos tayo pa sila ng tayo ng pabrika as well as each of the 1B eh may sariling consumption of energy ... talaga sila ang titirahin ng nature pag nakataon.

ok na Philippines na ganito. we should concentrate kung ano strength natin, and stay away from nature's wrath.

My apologies...with this type of reasoning.........Oh my God......Please deliver us.......

[fourtheboys96]

My apologies...with this type of reasoning.........Oh my God......Please deliver us.......

dont be too gullible....some people here are for the attention

[uls]

We can't count on the big boys with the big bucks to build factories or expand their industrial plants to employ more people.

That's not likely to happen anytime soon.

They aren't putting their money in manufacturing anymore.

They're putting it in real estate.

Lucio Tan is spending tons of money on Eton.

Ayala, Andrew Tan (Megaworld), Henry Sy... well, we all know what they're doing...

That's where the big bucks are being spent.

Imagine if all that capital goes to manufacturing.

That would put a smile on JPDM's face

----

Notice the absence of investments in the provinces?

You know why?

I know why.

Coz of the NPA.

Sige, try mo mag tayo ng malaking business sa isang NPA infested na lugar.

i got 2 words for u: Revolutionary Tax.

Siguro naman narinig nyo sa news mga incidents na sinunog na buses or construction equipment.

We have a client whose earthmoving equipment was torched by the NPA.

Diba mga cell site and transmission towers binobomba?

No better way to scare away development.

Nakakapagtaka ba kung baket hindi ma-deve-develop ang madaming probinsya?

[shadow]

i say no to industrialization and reviving the manufacturing sector. we should all concentrate on what we do best, pabrika ng bata. peopleware is our main resource and skill is our main advantage over others.

China may not know this bec. they are so engrossed with their current progress pero later in this century, they will pay for what they have done to the world. by building so many factories, they have contributed so much carbons in the air.

actually it's starting na nga eh, a portion of their agricutural land masses are dwindling. it wont be long and nature will get back of them. imagine more than 1B people exhaling Carbon dioxides tapos tayo pa sila ng tayo ng pabrika as well as each of the 1B eh may sariling consumption of energy ... talaga sila ang titirahin ng nature pag nakataon.

ok na Philippines na ganito. we should concentrate kung ano strength natin, and stay away from nature's wrath.

[jpdm]

[quote]

We can't count on the big boys with the big bucks to build factories or expand their industrial plants to employ more people.

actually sila ang nag-i-invest ngayon for expansion. Notably JG Summit.

[jpdm]

They aren't putting their money in manufacturing anymore.

They're putting it in real estate.

Lucio Tan is spending tons of money on Eton.

Ayala, Andrew Tan (Megaworld), Henry Sy... well, we all know what they're doing...

That's where the big bucks are being spent.

Imagine if all that capital goes to manufacturing.

That would put a smile on JPDM's face

----

Notice the absence of investments in the provinces?

You know why?

I know why.

Coz of the NPA.

Sige, try mo mag tayo ng malaking business sa isang NPA infested na lugar.

i got 2 words for u: Revolutionary Tax.

Siguro naman narinig nyo sa news mga incidents na sinunog na buses or construction equipment.

We have a client whose earthmoving equipment was torched by the NPA.

Diba mga cell site and transmission towers binobomba?

No better way to scare away development.

Nakakapagtaka ba kung baket hindi ma-deve-develop ang madaming probinsya?

Ibang spectrum naman si Lucio Tan pero alam mo ba uls na he spent a fortune on Victorias Milling? Producer ng sugar, engineering parts at iba pang canned goods yung company. Nagtayo din ng alcohol plant (fermentation plant?). MacroAsia (mineral extraction and processing)Foremost Farms (canning and agribusiness)

Ayala meron silang electronics manufacturing company(IMI). Dati Purefoods asa San Miguel na.

Andrew Tan, yung Alliance Global ata. Makers ng whiskey at brandy sa Pinas competing with foreign brands.

Henry Sy indirectly support small manufacturers by buying from them using SM Bonus as the brand name. They also buys shoes from local manufacturers using SM as their brand name.

It makes sense in supporting local manufacturing because tremendous ang positive impact sa local income, employment, foreign exchange and indirectly sa peace and order.

Tama may NPA sa probinsya. E di mag-invest sa mga lugar na walang NPA. Dito sa CALABARZON. Northern MIndanao. In urban areas sa provinces.. Wag sa remote areas.


Indeed, if this country will became a manufacturing powerhouse, hindi lang ako magiging masaya. I assure you maraming Pinoy.

I will bet my life on this, uls.

[A121]

* jpdm,

What I am seeing is we could be ODM electronics suppliers to other bigger companies abroad. Have you checked on Eazix, Alexan? Even Tronix has been exporting portable camera power supplies abroad. Also, don't forget that S3 Graphics was once owned by Dado Banatao (he is now connected with Narra Venture Capital).