"Philippines now a good value proposition – Tetangco"

[_Qwerty_]

from bloomberg..

[uls]

haha sabog talaga

don't believe the crap that "Philippine bureaucracy is now more transparent"

it is still as opaque as ever

[ghosthunter]

haha sabog talaga

don't believe the crap that "Philippine bureaucracy is now more transparent"

it is still as opaque as ever

Transparency taken to the test... the Corona trial...

[uls]

re the video

like i said it's portfolio money

the masses do not benefit from that

the richest segment of the population is indeed getting richer but they don't spend much. the money is stuck in their bank accounts

just look at demand for govt bonds. there's so much demand. that's money looking for place to park. the rich are so damn freaking liquid. they have so much money coming in they don't know what to do with the money. they have to go buy something at PGA Cars just to convert some money to tangible goods

but the middle and lower classes are struggling. they're having a hard time maintaining their standard of living. their income isnt keeping up with rising cost of living. many can't make their car payments. look at the number of bank repossessed cars

[zap.FREEDOM]

mukhang si mr.Tetangco lang ata ang nakaka-feel, hehehe!!!!bakit kaya? hehehe

[safeorigin]

you know there's something wrong when you mix bureaucracy and economics

capital that would have gone towards new businesses is parked because it's so much cheaper and safer

red tape, on the other hand, is getting tighter and bigger

now people will blame it on capitalism saying it's "pro-business" (for bigger establishments)

in reality, bureaucracy is actually "pro-business" in that it breeds monopolies and higher inflation

thing is, free market capitalism is pro-consumer as it encourages competition (therefore lower price of goods and better efficiency)

[uls]

capital that would have gone towards new businesses is parked because it's so much cheaper and safer

safer but not cheaper

parking money in time deposit and govt bonds is expensive coz your money is earning less than if you put it in something that earns more but riskier

it's costing you every minute while you're money is sitting in a safer, low yield investment coz you passed up on opportunities (like a new business) that could've been making you more money right now

but you'd rather pass up on those opportunities coz you have your reasons

like it could be a government that has a habit of changing rules in the middle of the game that can put your investment in danger

so you'd rather hold on to your capital nalang than put it to work

which is bad for the economy coz jobs would have been created if capital was put to work

no jobs are created when capital sits in low yield parking

which is why...

Unemployment rate rising: SWS | ABS-CBN News

MANILA, Philippines - Unemployment among adults increased to 24% in December, the Social Weather Stations (SWS) said, citing the 9.7 million Filipinos who had no work during the month.

The rate was higher than the 20.2% recorded three months earlier, according to results of the survey conducted by SWS on Dec. 3-7 and reported by BusinessWorld.

Of the 9.7 million with no jobs, 10% were retrenched, 9% resigned and 5% were first-time jobseekers.

which is why...

http://www.omantribune.com/index.php...3&heading=Asia

MANILA The influential Catholic Bishops Conference of the Philippines (CBCP) said more and more Filipinos have been forced to go abroad in search of work due to lack of employment opportunities in the country.

(wow how long did it take for the CBCP figure that out? hehe)

[uls]

and when OFWs are exposed to danger the govt has to spend tons of money to bring them back

which is why...

http://www.mb.com.ph/articles/353386...-posts-closing

MANILA (dpa) – The Philippines will close 10 embassies and consulates around the world to save money to be channeled to missions in the Middle East where more Filipinos need help, the government said Monday.

[yebo]

well i don't know anything about all those things that you guys said but there is one thing i know, and that is my mutual funds just doubled in value in the last 16 months.

set the politics aside and as they say make hay while the sun shines. join the fun or lose out. simple lang naman yan.

[safeorigin]

Basically, when you have a government controlling the economy through red tape, it cripples the economy

Investors fear that the capital they pour into new businesses will just be a victim of government interference in the market

Because new businesses aren't created, there are also less jobs

One good example is the Pharmaceutical Industry which is overregulated

For every drug store open, there is a law stating at least 1 pharmacist must be "present" at all times

The intention is good and all but in reality roughly 70% of pharmacists *are* absent most of the time

What happens is their licenses are rented instead of them being present

Why is that? Because there is very little incentive to actually work if you can just rent your license *and* even dictate your terms

So why not just fire them? Remember that without their license you can't operate your own drug store

What's even worse is that bigger chain drug stores will offer higher salaries to your pharmacists just to eliminate smaller competition

Because new drug establishments aren't created, suddenly the bureaucrats noticed that there aren't enough pharmacists in the country. What do they do? Now, they're planning to push the minimum salary to 21k to "attract" them. Are they even thinking?!

And as if that isn't enough, they've mandated that drug stores send computerized reports of all transactions to their site that is nearly always offline. Failure to comply means axing your business.

And if you're an aspiring business owner, you'd think twice before you even start. It's a *lot* safer to park your money