Results 3,451 to 3,460 of 4777
-
October 28th, 2020 11:23 AM #3451
IMO (And I always tell this to Family and Friends) -> it is our forever love for the opposition.
Every election (I guess except for FVR), the opposition wins.
And technically yes, I think this year we are on the same level with Vietnam, but they will officially overtake us next year, making us #7 in ASEAN (only ahead of Laos, Myanmar and Cambodia)
-
October 28th, 2020 11:46 AM #3452
aside from other factors, local refiners are losing market share to finished product importers
-
October 28th, 2020 11:48 AM #3453
the previous admin's most lambasted capital sin was said to be underspending, in duterte's gov't, there's 2 - it's misplaced priorities and an apparent huge thrust for self-preservation.
Significant aid for poor households and unemployed workers is also not forthcoming. Businesses are left to die left and right without receiving any financial assistance. If this goes on, the economy will be much harder to jumpstart.
Government is instead pouring hundreds of billions of pesos on big-ticket infrastructure projects (think roads, bridges, flood control projects). Not only will these prove infeasible in the middle of a pandemic, but they’ll also serve as pork projects in the run-up to the 2022 elections. (READ: Why we can’t Build, Build, Build our way out of this pandemic)
Duterte is also pouring P16.44 billion into support of its “anti-insurgency” campaign, which will likely intensify the military’s red-tagging, harassment, and propaganda efforts. A “generals’ pork,” if you will.
Even more directly, Duterte himself is hampering the recovery by failing to spend emergency funds urgently. He’s taking his time too much.
Budget Secretary Wendel Avisado himself admitted that as much as P46.2 billion — or more than 30% of the P140 billion provided for by the Bayanihan 2 law — has yet to be approved by the Office of the President.Last edited by baludoy; October 28th, 2020 at 11:51 AM.
-
-
October 28th, 2020 01:42 PM #3455
-
October 28th, 2020 03:48 PM #3456
Petron had the advantage of further converting bottoms (Latak) into valuable products, which Shell couldn't. The updated tech would have made Petron more competitive than Shell, but the losses due to double taxation is too much.
Seems like the government would turn a blind eye on this one
FUEL SUPPLY IMPACT
The Department of Energy (DoE) sees no adverse impact on fuel supply with the impending closure of Petron’s refinery.
“There is none,” said Oil Industry Management Bureau Rino E. Abad, “as long as mag-transition sila nang maayos sa full importation gaya ng ginawa ng Shell (as long as they would properly transition to full importation like what will Shell do).”
-
-
October 28th, 2020 03:56 PM #3458
-
October 28th, 2020 04:05 PM #3459
-
October 28th, 2020 04:08 PM #3460
"they had to go and work". aside from the money lost by not working on a working day, there may...
Traffic!