Philippine Economy Talk

[shadow]

imagine a country without gov't

no laws, no law enforcement, nothing

Mad Max dystopia

can businesses exist in such an environment?

can you open a store in an environment like that?

can you open a gas station, a supermarket, a wireless communications company?

the function of government is to create an environment where people can do business without getting robbed or killed

or their mechandise stolen or taken by force, or their cellsites set on fire

the function of government is to maintain peace and order

in return, businesses and citizens pay the gov't for the nice environment it created and maintains

in short, government IS a protection racket

the only LEGAL protection racket

-

other entities who ask for protection money are illegal -- neighborhood thugs, armed rebel groups

Mag open mga business sa mga lugar nila or outside of military camp then bagal na police to sa peace and order,insured nila.yun stores or buildings nila for eventuality pero huwag naman bastusan na sa gagawin private security yun military at doon sa loob ng camp itatayo. Kahit saan hinde pwede yan


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[Ry_Tower]

isip negosyante

gagastos ka ng milyones per cellsite tapos susunigin lang ng NPA?

ilagay mo sa loob ng military base may proteksyon ka

tapos super lakas ng signal ng base

win win

Hehe may NPA na pala sa paligid ng military bases natin kaya mas safe sa loob na lang.

Obviously you don't know a lot about where NPA does the so called pansusunog.

Good business decision yes, but is it wise on our military. Hell no, why tempt fate as doc d said. If the tower is inside the military camp, obviously they would need for their technical people to go inside the base to do "routine" stuff and upgrades if needed. Matalino ka naman, alam mo na possibilities if it would be that easy for a Chinese equipment and even admin personnel -since co-partner nila China Telecom - to go inside the camp for some teaching, maintenance or checking of the work by their DITO counterparts.

Why the bias against China? Eh sino ba kasi nang-aaapu ng kapwa piliñino natin ngayon sa WPS? Sino ba nagpautang pero mga tao nila dapat empleyado. Tama naman si kishmet eh. Mali lang ending niya hehe.

Huwag niyo na ipilit yung Spanish, American colonial era. Tapos na yuneh, may magawa pa ba tayo. Yung ngayon importante, yung talagang independent state na hindi tuta. Japan nga na grabe ginawa sa atin hi di niyo natitira, bakit? Kasi hindi sila political? Kaya move on na colonialism tsetse na yan. Mahalaga hindi na maulit. Tanga lang yung uulitin pa ang history na magpa-api.

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[Ry_Tower]

Bakit hindi natin gayahin ang Vietnam na okay economic ties with China kahit na nakikipag-barilan lagi sa pag-assert ng territory nila sa China?

Pwede naman pala ganun diba. Eh bakit kasi kelangan tuta?

Spies, oo hindi lahat yan spies pero naglolokohan naman tayo if sasabihin natin na wala spy dyan considering the issue with WPS. Huwag kasi tanggalin sa equation yung background ng situation with the Chinese. The other telecom equipment manufacturer like Siemens at Nokia eh meron ba tayo issue sa national territory at sovereignty? Yung SMC at Telstra negotiations noon bakit kaya wala backlash?

Utak negosyante? Protect your investment siyempre, make sure you know the actual sentiments of the people. First-hand knowledge hindi yung sa news lang nababasa. Nothing beats that info. Tapos gusto mo pa may easy access sa military bases? Hehe, ayus nga naman.

BTT: if we continue with this path of being tuta ng Chinese government, kangkungan talaga tayo pupulitin. Again we repeat the history of Valenzuela, African countries and some of those who were under their BRI who got fooled enough and as such, was sucked dry by Chinese "good" business and political strategy as some here would like to portray.

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[shadow]

Easy lang tayo lahat, mga mods and admin huwag muna mag hand out ng suspension or ban. Just a misunderstanding ito.


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[boybi]

We are all barking at the wrong tree here. Whatever is happening to our country, kasalanan natin lahat. We voted for the wrong people to govern us. We knew of their wrong doings, yet we kept quiet. And these govt officials know the populace doesn't care anymore kahit harap harapan na ang mga tiwaling gawain nila. Tapos tayo tayo dito nagaaway sa forums, pero wala din mapupuntahan.

[Flipo]

Bakit hindi natin gayahin ang Vietnam na okay economic ties with China kahit na nakikipag-barilan lagi sa pag-assert ng territory nila sa China?

Pwede naman pala ganun diba. Eh bakit kasi kelangan tuta?

Spies, oo hindi lahat yan spies pero naglolokohan naman tayo if sasabihin natin na wala spy dyan considering the issue with WPS. Huwag kasi tanggalin sa equation yung background ng situation with the Chinese. The other telecom equipment manufacturer like Siemens at Nokia eh meron ba tayo issue sa national territory at sovereignty? Yung SMC at Telstra negotiations noon bakit kaya wala backlash?

Utak negosyante? Protect your investment siyempre, make sure you know the actual sentiments of the people. First-hand knowledge hindi yung sa news lang nababasa. Nothing beats that info. Tapos gusto mo pa may easy access sa military bases? Hehe, ayus nga naman.

BTT: if we continue with this path of being tuta ng Chinese government, kangkungan talaga tayo pupulitin. Again we repeat the history of Valenzuela, African countries and some of those who were under their BRI who got fooled enough and as such, was sucked dry by Chinese "good" business and political strategy as some here would like to portray.

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Vietnam and the Philippines: A study in contrasts
By: Richard Heydarian - *inquirerdotnet
Philippine Daily Inquirer / 04:05 AM October 27, 2020

All nations tend to mythologize their success and, accordingly, mystify their failures. Over the long run, what’s important above all is how each nation learns from its mistakes, recovers from failures through grit and innovation, and confidently marches toward the end of history. In 1881, Gregorio Sancianco published his landmark “El progreso de Filipinas” (The progress of the Philippines) in Madrid. When most of our neighbors lacked even a single modern university, here was a Filipino book that carefully analyzed the administrative and economic structures of the Pearl of the Orient Seas (Perla del mar de oriente).

Blessed with fertile lands and relatively modern industries, the 19th-century Philippines was a manufacturing hub and a food exporting nation, including, yes, rice. It was precisely this prosperity that gave birth to a robust and increasingly nationalistic middle class, the Filipino “Ilustrado,” who built on the legacy of their creole predecessors such as Fr. José Burgos and Luis Rodriguez Varela in pursuit of collective self-determination.

Though singular in his genius, Rizal was only one among countless brilliant Filipinos, who, as in Sancianco or Antonio Luna, were operating at the cutting-edge of arts, science, and technology.

Half a century of disasters, from American imperial duplicity to the Japanese occupation and World War II, undercut our nationalist revolution. And yet, by 1960 the Philippines still had the largest economy in Southeast Asia, with world-class professionals and leaders.

That year, however, was also the beginning of the country’s decline in the rank of nations, largely thanks to forthcoming kleptocratic Marcos dictatorship that reduced the Philippines to the “Sick man of Asia” by the 1980s.

It was not until recently that our country began to claw its way back to a measure of stability, such that by 2013, then under President Benigno Aquino III, the World Bank felt confident enough to describe the Philippines as “Asia’s rising tiger.”

But it took only a few years for the Philippines to once again relapse into authoritarian temptation, placing its fate in the hands of another strongman. The upshot is slowing growth, reaching an eight-year low in 2019, and the second worst preforming country in the region this year.

In neighboring Vietnam, however, the year 1960 marked the beginning of national unification, as Ho Chi Minh took on the world’s reigning superpower. The Vietnam War wrought unfathomable devastation and human tragedy, reducing tens of millions of ordinary folk to poverty and destitution.

By the late 1970s, a now unified Vietnam, having defeated the United States, found itself at war with its former patron, China, and its Cambodian proxies. It was also desperately isolated within the Association of Southeast Asian Nations, which was then dominated by mostly US-aligned nations.

But the struggle for independence also congealed Vietnam into a unified, coherent, and dynamic nation under the helm of competent and patriotic leaders. While the Philippines struggled with Marcos-era debt burdens and sustained an industrial hollowing-out under neoliberal policies, Vietnam’s leadership built a modern developmental state under the Doi Moi reforms, which aimed to create a “socialist-oriented market economy.”

Instead of blindly opening their economy to foreign products, Vietnam’s leadership adopted optimal trade and industrial policies that attracted quality foreign direct investments and boosted domestic production capacity. It adopted best practices, including from our International Rice Research Institute, to enhance its food self-sufficiency and rural development. Built on principles of egalitarianism, Vietnam also established a world-class basic education and health care system.

Thus, within a generation, the country had transformed itself from a war-torn nation into the world’s latest economic miracle. Today, Vietnam is an agricultural superpower, exporting hundreds of thousands of tons of rice to places such as the Philippines, while its colossal manufacturing sector is churning out electric cars, high-definition LEDs, and designer products.

In terms of math and sciences, Vietnamese children ranked among the top 10 nations in the world. Thanks to its competent state institutions, Vietnam swiftly contained the COVID-19 crisis and, this year, will overtake the Philippines in per capita income.

And while Rodrigo Duterte publicly fears resistance to China in the West Philippine Sea, Vietnam has bravely stood up to Beijing’s maritime aggression. Sadly, Rizal’s trepidations and Heneral Luna’s frustrations about their beloved motherland painfully echo until this day, while Uncle Ho must be mightily proud of his valiant and competent heirs.

[dreamur]

Sabi ni erap at agree naman si digong, weather2 lang yan. Pag delaw na naman ang nasa admin, gigipitin na naman ang China.

Erap wasn’t lying: Duterte agrees life is ‘weather-weather lang’

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[baludoy]

petron sounds warning

Petron warns of refinery shutdown ‘very soon’ | Inquirer Business

[dr. d]

petron sounds warning

Petron warns of refinery shutdown ‘very soon’ | Inquirer Business

i agree.
our laws should favor local manufacture/refining, over imported finished product.

but...
would this go against asean policy..?

[uls]

^^^

same operating environment as Shell

they also face the same pressures that made Shell close down their refinery

dunno how Petron can be any different

[ice15]

In terms of math and sciences, Vietnamese children ranked among the top 10 nations in the world. Thanks to its competent state institutions, Vietnam swiftly contained the COVID-19 crisis and, this year, will overtake the Philippines in per capita income.

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)

[uls]

aside from other factors, local refiners are losing market share to finished product importers

[baludoy]

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.

[ANALYSIS] 5 ways Duterte is derailing PH economy’s recovery

[boybi]

aside from other factors, local refiners are losing market share to finished product importers

Meaning.....the smugglers.

And who is the No. 1 oil smuggler now?

[StockEngine]

petron sounds warning

Petron warns of refinery shutdown ‘very soon’ | Inquirer Business

The gov isnt giving them any incentives against the importers. RA needs help in this one.

[tarzegetakizerd]

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).”

Petron refinery to close ‘very soon’ | BusinessWorld

[Ry_Tower]

The gov isnt giving them any incentives against the importers. RA needs help in this one.

Kaso mas malakas si ano kay ano eh. Hehe

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[uls]

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

what do you mean Shell couldn't?

Shell supplies bitumen

can you get any more latak than that?

Ask Little Missy she works for Pilipinas Shell

[jut703]

what do you mean Shell couldn't?

Shell supplies bitumen

can you get any more latak than that?

Ask Little Missy she works for Pilipinas Shell

Shell pala si LM? SBO or PSPC?

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[tarzegetakizerd]

what do you mean Shell couldn't?

Shell supplies bitumen

can you get any more latak than that?

Ask Little Missy she works for Pilipinas Shell

Petron turns Vacuum Tower Bottoms into diesel, Kero, even naphtha products. Ang pinaka-latak sa petron, coke fines, which is sinusunog as fuel sa SMC Power Plant. Walang tapon.