New and Used Car Talk Reviews Hot Cars Comparison Automotive Community

The Largest Car Forum in the Philippines



Page 346 of 355 FirstFirst ... 246296336342343344345346347348349350 ... LastLast
Results 3,451 to 3,460 of 3550
  1. Join Date
    Jul 2013
    Posts
    2,029
    #3451
    Quote Originally Posted by Flipo View Post
    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)

  2. Join Date
    Nov 2005
    Posts
    34,875
    #3452
    aside from other factors, local refiners are losing market share to finished product importers

  3. Join Date
    Mar 2006
    Posts
    13,023
    #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.
    [ANALYSIS] 5 ways Duterte is derailing PH economy’s recovery
    Last edited by baludoy; October 28th, 2020 at 11:51 AM.

  4. Join Date
    Oct 2002
    Posts
    19,524
    #3454
    Quote Originally Posted by uls View Post
    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?
    Signature

  5. Join Date
    Oct 2012
    Posts
    25,927
    #3455
    Quote Originally Posted by baludoy View Post
    The gov isnt giving them any incentives against the importers. RA needs help in this one.

  6. Join Date
    Feb 2018
    Posts
    734
    #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).”
    Petron refinery to close ‘very soon’ | BusinessWorld

  7. Join Date
    Nov 2010
    Posts
    21,675
    #3457
    Quote Originally Posted by StockEngine View Post
    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

    Sent from my SM-N960F/DS using Tapatalk

  8. Join Date
    Nov 2005
    Posts
    34,875
    #3458
    Quote Originally Posted by tarzegetakizerd View Post
    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

  9. Join Date
    Dec 2006
    Posts
    16,521
    #3459
    Quote Originally Posted by uls View Post
    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?

    Sent from my SM-N970F using Tapatalk

  10. Join Date
    Feb 2018
    Posts
    734
    #3460
    Quote Originally Posted by uls View Post
    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.

Tags for this Thread

Philippine Economy Talk