A Remittance Dependent Pinoy Economy

[jpdm]

But without work opportunities here in our country, who would be their customers? It's like all of us managing our own sari-sari stores and no one's buying......

7000:diver:

This is correct sir, its a vicious cycle.

You open up a business, no ones buying.

That's the problem of a import-dependent, remittance dependent, Dutch disease-inflicted Pinoy economy.

[donbuggy]

That one went over my head. Had to google...

http://en.wikipedia.org/wiki/Dutch_Disease

Dutch disease is an economic concept that tries to explain the apparent relationship between the exploitation of natural resources and a decline in the manufacturing sector combined with moral fallout. The theory is that an increase in revenues from natural resources will deindustrialise a nation’s economy by raising the exchange rate, which makes the manufacturing sector less competitive and public services entangled with business interests.

[gonzo]

Racist pala ang mga Singaporeans.

Though never experienced discrimination when I was there (2 years) my friend told me na if I will stay longer pa raw mararanasan ko rin.(pero thats long enough)

Well, Its expected. Our own country cant provide jobs for us.

Its the fault of both our government and us Pinoys.

When Pinoys open their business, we dont patronize them because "its Made in the Philippines"

We are so enamored in buying IMPORTED.Kasi "SOSYAL" and di "JOLOGS."

So is the government. So are the OFWs.

Even government employees' uniforms and books distributed by DEP Ed to our public schools are imported.

Almost everything in the country imported.

So local businesses dont thrive.

Whatever is left of the local industry is either dead or dying.

Thus, no local employment or livelihood opportunities available.

So we are forced to go abroad.

But we have dug up our own grave ( national image). A remittance dependent economy.

From Filipinos overseas regardless of work.

OFWs all over the world, from Britain to Singapore are now known as MAIDs.

Hindi naman cguro, Ive been an OFW here in Africa and there is a high regards to Filipinos here, very few filipina works as maids marami kasing locals na mas mura kung maid lang hanap mo. Filipinas here are professionals and works in a very good company too. Meaning pinays are not only maids on this side of the world we have a very good and intelligent women too.

[uls]

Philippines Rulez!

[uls]

were you guys talking about maids?

look what i stumbled upon...

Household help face sack as wealthy west cuts back
http://www.financialpost.com/news/story.html?id=950837

HONG KONG -- Nannies and cleaners from the developing world could be among the next group of victims of the global recession as Western households tighten their belts, leaving some migrant workers out in the cold.

The result would be another blow to emerging markets where cheap skilled labour has been a major export in recent years and remittances from overseas workers including household helpers can account for a big slice of the economy.

Mr. Teather forecast a US$800-million decline in total remittances into the Philippines from overseas workers in 2008 and 2009 as recessionary forces bite.

"Given our projection of the worst global growth environment since the early 1980s, it is quite easy to see how the Philippines remittance flows could see some declines in 2009," Mr. Teather said.

[jpdm]

Are we a hopeless case?

We are like a patient always in the ICU that needs blood transfusion.

[donbuggy]

Cheer up guys. We're not only known for our maids. From Singapore:

http://www.straitstimes.com/Breaking...6.html?vgnmr=1

Oct 29, 2008

[SIZE=3]Fined for indecent exposure[/SIZE]

By Sujin Thomas

A FILIPINA hostess was fined $1,000 on Wednesday for exposing herself to a patron in a Duxton Road club on Sept 24.

According to court documents, the 24-year-old, Oblefias Veluz Grace, was chatting with a 33-year-old patron in Club Arena when she suddenly pulled aside her dress and bra to expose herself to him.

Minutes later, the patron made a complaint to police officers who were conducting a check at the club.

The petite woman could have been jailed for up to three months and fined up to $2,000.

[uls]

Cheer up guys. We're not only known for our maids. From Singapore:

http://www.straitstimes.com/Breaking...6.html?vgnmr=1

hahahaha

i'm all cheered up

[jpdm]

Cheer up guys. We're not only known for our maids. From Singapore:

http://www.straitstimes.com/Breaking...6.html?vgnmr=1

Very sad.:ouch:

[uls]

Mass layoff of OFWs in Australia brings tears before X'mas
http://www.abs-cbnnews.com/pinoy-mig...ears-christmas

Seventy five Filipino workers in Western Australia have lost their jobs at Austal, one of the biggest ship builders in the world.

Thirty Australians and two Croatians also got the chop.

Austal chief executive officer Bob Browning told ABS-CBN the global recession and the credit crunch are to blame. He says it caused “commercial customers to slow down” on the acquisition of new vessels. As a result, employees engaged in the early stages of vessel production, such as fabricators and welders, were left without assignments. “Majority of our Filipino workers are employed in this area,” Browning explained.