by Anthony Ian Cruz
Malaya
The Arroyo administration’s much-touted “highest economic growth” is “among the most inequitable” in the region, according to a new report of the Asian Development Bank which also said government corruption continues to hamper development in the country.
In an 83-page study “Philippines: Critical Development Constraints,” the ADB downplayed Malacañang’s declarations of an economic take-off, saying that “while growth has picked up in recent years, with the economy in 2007 posting its highest growth of 7.3 percent in the last three decades, both public and private investment remain sluggish and their share in gross domestic product has continued to decline, raising the question of whether the current economic momentum can be sustained.”
“In per capita terms, the growth was even less favorable,” said the ADB, pointing out from 1961-2006, “per capita gross GDP grew 1.4 percent annually compared with 3.6 percent in Indonesia, 3.9 percent in Malaysia, and 4.5 percent in Thailand.”
The low per capita GDP growth has resulted in a slow pace of poverty reduction and high income inequality.
The government yesterday reported that 26.9 percent of families in 2006 were below the official poverty threshold.
“In 2003, about 25 percent of Philippine families and 30 percent of the population were deemed poor and, in 2006, the Gini coefficient of per capita income – at slightly over 0.45 – was among the highest in Southeast Asia,” said the ADB.
The Gini coefficient measures inequality of income or wealth distribution.
The ADB study also said corruption and governance issues are among the biggest stumbling blocks to attaining long-term and equitable growth.
“Poor performance on key governance aspects, in particular, control of corruption and political stability, has eroded investor confidence,” the ADB said citing several international studies and surveys suggesting that “the Philippines’ ranking in the control of corruption and maintaining political stability has worsened.”
According to the ADB, “the Philippines has scored lowest among countries with similar per capita GDP levels on control of corruption and political stability since 1996, and on rule of law since 2002.”
STABILITY SLIPPING
The country has also “lost momentum in controlling corruption, and has allowed Vietnam and fairly soon, Indonesia, to pass it. In the case of political stability, the Philippines has slipped, particularly relative to the 1998 level,” the ADB added.
The ADB explained that political problems comparable to the 1980s, which caused a decline in foreign direct investments, have not disappeared “in sharp contrast to surges in Malaysia, Indonesia, and Thailand” that have cleaned up their governments and instituted reform measures.
The report said “instability was manifested in a number of political events in 2000, 2005-2006, and 2007 that sorely tested constitutional processes.”
“The perception of worsening corruption was found to partly explain the low investment rate in the Philippines. Poor governance was also found to translate into higher lending rates, reflective of premiums for worsening corruption, political instability, and internal conflict, acting as disincentives to private investment. A key reason for weak revenue generation – leakages in revenue collection – is rooted in persistent corruption and patronage problems,” said the report.
The report argues that governance concerns underline other critical constraints. For instance, corruption undermines tax collection and reduces resources for infrastructure development.
“Similarly, the political instability hinders investment and growth and reduces the tax base,” said the report.
TIGHT FISCAL SITUATION
The country’s fiscal situation also “remains tight despite the government making good progress to reduce deficits and aims to balance its budget in 2008.”
“It said that much of the reduction in fiscal deficit has been driven by deep cuts in spending on social and economic services and sale of government assets,” said the report.
The ADB also noted “declining public and private sector investments in infrastructure” which has led to “inadequate and poor infrastructure and bottlenecks” that raised the cost of doing business in the country and eroded the competitiveness and attractiveness to both foreign and local investors.
“Per capita paved road length for the Philippines is roughly one-sixth that of Thailand and one-fourth of Malaysia,” said the report.
Poor infrastructure and weak investor confidence have led to weak flows of foreign direct investment (FDI), the report said pointing out that the Philippines only got FDIs worth $1.1 billion in 2001-2006, compared with $6.1 billion for Thailand and $3.9 billion for Malaysia.
It said the country’s lower FDI “partly explains a smaller and narrower industrial base compared to its neighbors whose share of manufacturing in GDP is 34.8 percent in Thailand and 30.6 percent in Malaysia. The Philippines’ record is 23.5 percent.
IMPACT ON POVERTY
In a statement, ADB chief economist Ifzal Ali said “targeting and removal of the most critical constraints will lead to the highest returns for the country. It will spur investment, which in turn will lead to sustained and high growth and create more productive employment opportunities.”
“This would ensure that the fruits of development are shared by all,” Ali added.
The United Opposition said government figures showing an increase in the number of poor Filipinos is the best argument for President Arroyo to resign.
“Her misplaced economic policies and the massive corruption have led us to this situation,” said UNO president and Makati Mayor Jejomar Binay.
He said Arroyo has consistently justified her stay in power by citing the supposed gains in the economy under her term.
“Now that government figures show that she has failed to improve the lot of million of Filipinos, and has in fact increased the number of poor Filipinos, it’s time for her to go,” he said.
The National Statistical Coordinating Board said Tuesday that poverty incidence in the Philippines worsened to 32.9 percent in 2006 from 30 percent in 2003.
ONLY ARROYO ALLIES
Binay said the only ones benefiting are Arroyo cronies and business associates, and political allies “who make millions in kickbacks and juicy government contracts.”
Sen. Mar Roxas bewailed the rising incidence of poverty from 2003 to 2006 as reported by the NSCB.
He said this only shows government is busy covering up anomalies and neglecting its duty to provide relief for the public in the midst of rising prices of oil and other commodities.
The NCSB figures, he said, clearly showed a disconnect between the financial markets and the grassroots economy, and a widening gap between rich and poor. From 4 million poor families in 2003, this went up to 4.7 million in 2006.
The National Economic and Development Authority on Wednesday said poverty worsened because of increasing prices of commodities and the insufficient income of the citizenry, with “external factors” like high oil prices playing a role.
This ADB report is a slap not only to Arroyo’s face but also to Uncle Sam. The US just announced and praised the Arroyo government for leading the region in the economic growth. It is evident that the US continues to support this evil Arroyo regime by spreading lies and giving false reports.
Wow! It took them a while to realize that? I guess I’m an economic genius since it only took me a vacation to the Philippines to see that the economy is only hyped around world with camouflage stats and figures.
Uncle Sam needs to do more research before they start listening and making deals with that pResident Evil.
This is not just “our version” of the truth. IT IS the truth. Period.
Reading this ADB report side-by-side that of Peter Wallace’s “Time to Face the Facts”, we get a crystal clear picture that Gloria’s much-vaunted “economic prowess” that is supposedly the reason people want her to stay is nothing but skullduggery plain and simple.
People, especially those who do not speak the same economic jargon the Evilbitch uses to impress (or fool) her audience, should be informed in the simplest of terms that the arguments supportive of Gloria’s economic genius are inexistent, at best, skewed.
These figures totally rebuke Joey Salceda’s earlier descripttion of Gloria. Lucky bitch? Nah. Just bitch.
O, nasan na yung mga mahilig humingi ng “hard and cold facts” na nasa kabilang panig? To all, if you have the means to get a hold of a copy of Lee Kwan Yew’s latest self-bio book entitled “From Third World to First”, please do so. There are many lessons to be learned on governance and how they steered Singapore from a poverty-stricken, racially-divided country to an economic success in less than 25 years (per capita income of Singapore is now greater than that of their former colonizer: UK).
Basahin nyo rin ang mga insights ng matandang Lee about our country and our leaders from Marcos to Erap. Constrained siya, probably because of protocol and their strict policy of non-intervention in any friendly neighbor, to comment on GMA. Pero if you care to read between the lines, his conclusion is that nothing much changed and the same symptoms of a typical third world country still hounds us.
M’Ellen, pasensiya na kung may konting advertisement. I felt that I need to impart this info to our ka-bloggers.
Ang economic growth daw ay hallucination lang ni pResident Bitch, at kung totoo man ay sa bulsa lang ng Pidal family napupunta ang growth.
Pakulo lang ni Gloria ang magandang economy para meron pang-cover up sa mga korupsyon niya. Ayan binisto na sya ng ADB at NCSB. Tatagal pa ba ang sinungaling na Gloria ngayong wala ng pumapanig sa kanya maliban sa miembro ng Pidal gang at bishops na puro palaging kay lalalim ng bulsa.
Everybody knows that. Even PGMA knows well about what the ADB confirmed. But she has excellent propagandists as well to keep her away from the hanging tree no sooner than 2010.
Sandinista,
Lakbay ka rin sa El Rama?
I am a mere housewife and my sense of national growth and economics is as far as my suking tindero/tindera. The other month a kilo of onions was P70…as of yesterday, the price went up to P90!!! And they’re not the native sibuyas even! I live in a province and not in Manila where our means of livelihood are very limited. My suki(s) have also told me that they have been ordering veggies (from Divisoria) less and less because of the escalating prices. LPG prices should have gone down but then yesterday my husband complained that it went up just the same. I know of a lady with the ADB and she writes me that things really are not rosy with the Philippine economy eversince GMA said it was.
I am no Economics graduate myself—hanggang Home Economics lang tayo, but I surely know when the economy is bad or growing.
Iyon lang mga may tindahan sa Pilipinas siguro ang growing dahil mahal ang tinda nila, but the ordinary people are suffering. Golly, iyong coke sa tindahan sa Manila, kasing mahal ng Coke sa Japan when the minimum wage per month there is 10 times lower than the minimum wage here in Japan.
Kaya sinong niloloko ni Boba Economist daw?!
Ellen,
I was reading this today at work. There was another article where ADB doubts that RP can sustain it’s economic growth. But to me that’s more DUHHHH!!! How else could we sustain this growth when the way they have been solving budget deficit is by cutting social services. Worst, we all know that all those funds that’s needed for the infrastructure has already been mopped clean by all these B.R.K.Ys.
For commerce to grow, we have to let business easier to all merchants and the population. How? Exactly where all these infrastructure are missing. I’ve been telling people why my poor Bicol republic is poor as ever, well guess what, if one visits my poor Barrio Siete, the only asphalt that you’ll see there was the asphalt my great grandmother saw during her time and it’s still there lusak lusak na nga lang when it rains.
What’s interesting in today’s paper is this, there’s another article where this US B.R.Kys. said that RP is leading regional economic prosperty. Well, this is the more DUHH than ever. More like concocted to help the dwendes.
Hey guys, about this ADB report, are they going to try to “question its validity too?”
Let’s see how Lorelei and Golez explain this away? Abangan…
The report said “instability was manifested in a number of political events in 2000, 2005-2006, and 2007 that sorely tested constitutional processes.”
if this is true then i must admit that i was wrong to support gloria. However you must also admit that the worsening current political crisis in the country ay dahil sa mga walang patumangga ninyong people power na nagluluklok sa mga kurakot sa malacanang. Mga padalos dalos na desisyon na nakakaapekto sa ating lahat in the long run.
Siguro ang kwekwestiyunin ko lang dito sa report na to ay ang mga DATES.
“In per capita terms, the growth was even less favorable,” said the ADB, pointing out from 1961-2006, “per capita gross GDP grew 1.4 percent annually compared with 3.6 percent in Indonesia, 3.9 percent in Malaysia, and 4.5 percent in Thailand.”
>> 1961 – 2006 ??? hindi naman term ni gloria ang lahat ng yan. ang alam ko kasama jan si Marcos, Cory, Ramos, at Erap.
“The ADB explained that political problems comparable to the 1980s, which caused a decline in foreign direct investments, have not disappeared “in sharp contrast to surges in Malaysia, Indonesia, and Thailand” that have cleaned up their governments and instituted reform measures.”
>> comparable to Cory administration?
I will admit that i was wrong to support gloria. But please bear in mind that kaya ako against sa mga ‘RALLY’ at mga ‘PEOPLE POWER’ nyo ay dahil sa wala namang nangyayaring maganda sa mga pinaggagagawa nyo. Im am only 23 years old, pero ang kahirapan na dinadanas ko ay hindi ko sinisisi sa gobyerno rather isinisisi ko ito sa mga NINUNO ko na nagkaroon ng mga MALING desisyon na pinagdudusahan ng mga kabataan ngayon. Ayaw ko lang ulit magkamali. Walang nagawang mabuti ang PEOPLE POWER.
knives,
Don’t blame PEOPLE POWER, if its business, the reason turn off is LACK OF TRANSPARENCY AND ACCOUNTABILITY. Rallies have nothing to do with it, at least the latest ones…
kabayan,
Does anyone have an update on the northrail project? How much money was spent already, what the place looks like, etc.? Pictures paint a thousand words…
NORTH RAIL PROJECT:
Status Report sirs/madams. Three years after loan approval and heaven knows how many millions spent. Let us enjoy paying for this top-of-the-line infrastructure courtesy of GMA and company…
http://www.youtube.com/watch?v=XicRsf24Y3o
Repost: (My previous one is still in moderation)
*****************
This is not just “our version” of the truth. IT IS the truth. Period.
Reading this ADB report side-by-side that of Peter Wallace’s “Time to Face the Facts”, we get a crystal clear picture that Gloria’s much-vaunted “economic prowess” that is supposedly the reason people want her to stay is nothing but skullduggery plain and simple.
People, especially those who do not speak the same economic jargon the Evilbitch uses to impress (or fool) her audience, should be informed in the simplest of terms that the arguments supportive of Gloria’s economic genius are inexistent, at best, skewed.
These figures totally rebuke Joey Salceda’s earlier descripttion of Gloria. Lucky bitch? Nah. Just bitch
**********
Read Wallace’s article : http://www.manilastandardtoday.com/?page=peterWallace_feb29_2008
Thanks tongue! Lets see how the admin will weasel out of this…
Gloria Arroyo lied big time in Davos. She has done nothing to improve the lives among poor families. It just plain lip service, nothing more. Asian Development Bank (ADB)’s assessment is more realistic than Gloria’s fantastic economic gains. Puro kasungalingan ang kanyang sinasabi sa Switzerland. Fast growing economy kuno sa Southeast Asia.
“Our economy is booming, but like so many places in rich and poor nations alike, we must fight to close the gap in income inequality. There is no justification in this time and place in history that government policies should be tilted to maintaining the status quo that ensures the domination of the many by the few. And while I am fighting for social justice, I am fighting even harder for economic justice, for a strong economy is the best weapon for the liberation of the poor and oppressed”. Gloria Arroyo’s speech before the Swiss Asian Chamber of Commerce. Zurich, Switzerland. January 23, 2008
knives Says:
March 7th, 2008 at 9:38 am
I will admit that i was wrong to support gloria. But please bear in mind that kaya ako against sa mga ‘RALLY’ at mga ‘PEOPLE POWER’ nyo ay dahil sa wala namang nangyayaring maganda sa mga pinaggagagawa nyo. Im am only 23 years old, pero ang kahirapan na dinadanas ko ay hindi ko sinisisi sa gobyerno rather isinisisi ko ito sa mga NINUNO ko na nagkaroon ng mga MALING desisyon na pinagdudusahan ng mga kabataan ngayon. Ayaw ko lang ulit magkamali. Walang nagawang mabuti ang PEOPLE POWER
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tungkulin ng kasalukuyang administration na ituwid ang mga kamaliang ito. Over 7 years syang nasa posisyon, nagpadagdag pa ng EVAT para daw gumanda economy, tapos lalong lumala. INUTIL ang tawag dito knives, INUTIL na pangulo si Gloria Arroyo.
Kung walang katiwalian, walang rally or PEOPLE POWER. Hindi ka pwdeng makipag-argument dito kung ano ang nauna. Hindi ito usaping “Ano nauna, ang Itlog ba o ang Manok?”.
The Arroyos will blame it to the past pres., magpapalusot mga yan sasabihing that report was not correct. Kung maganda ang ating economiya bakit pa tayo mang hihiram ng pagkalaki-laking pera sa ibang bansa?
Last night in one of my blogs, I said the economic figures that the Evil Bitch have are all “dressed up”! Only to make her look good. But if compared to our Asian neighbors, we are lagging way behind!
Knives, at long last you are realizing that the Evil Bitch is not all that you think she is. It is never too late. You are young and you have a lot going for you.
Jug, thanks for the update on the railways. WOW, all the money borrowed were not used in the projects but went into the pockets of the culprits! This is gross!
Off topic: Just finished watching the news. The Southern Tagalog rallyist were hurt by the police. Police brutality is back!
Kung totoong maganda ang pamalakad ni Gloria Arroyo bakit tayo uma-angkat ng bigas sa Viet Nam. Tayo ang number one importer ng bigas sa Asia-Pacific region.
Kaya nga nakakapagluha sa katatawa iyong pinagkagastusang tv ad nitong pangkat ni chihuahua bitch na me temang “Ramdam na ramdam”, kung saan kung sino-sinong kababayan natin ang halatang binayaran, at sinalpakan ng mikropono at tinutukan ng camera habang sinasabi ang mga naramdaman DAW nilang kaginhawan sa buhay sa ilalim ng maunlad na ekonomya ni gloria nakakapagal na arroyo. 😛
juggernaut Says:
March 7th, 2008 at 10:27 am
NORTH RAIL PROJECT:
http://www.youtube.com/watch?v=XicRsf24Y3o
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juggernaut,
gamitin ko lang tong link na binigay mo…
Thanks!!!
Among the so many things we should be sorry about in this tragic state of our nation is the fact that we are now importing rice from Vietnam. Come to think that the Vietnamese ever came here to learn and borrow some of our farming technology; they perfected it without politics and plundering government resources. Now they produce more rice than we do. It is absurd that while we have more talented and capable agriculturists and technicians in this countr, we are lacking in food sufficiency. We have ignored long ago the significance of installing vital infra-structures for high level agricultural production. What the government is bragging as economic gains are derived much from the services sector; however if our agricultural economy is given more preferential attention by this administration we will expect a more stable economic growth. Our politicians seem to have focused more their attention into mining and industrial development. Even in our human resource programs there is more impetus in the development of technical skills for industrial production, and professional services. Very limited attention is given for agriculture and fisheries. The resources are not just their to boost agricultural productivity. Only those who by force of circumstance are there to till our lands and harvest our water resources. People from the provinces have no choice but to come to Manila and other large cities in the country for there is nothing much to hope in the countryside. We have a large service area for agricultural education but it seems our national interest is not on “planting rice which is never fun” but on becoming and industrial nation like that of auncle Sam. For as long as our educational system is aimed at developing our people to be OFWs we will never be self sufficient in food supplies. And for as long as our farmers receive very little incentives and financial assistance from the government, more and more people go hungry each day. Bottom line, tama na ang corruption, tama na ang pagpapanggap, at tanggapin ang katotohanan na ang ating bansa ay di tunay na umuunlad.
Dito pa lang we dont need the ZET deal to know whats going on, alam na nating madaming anumalyang nangyayari. Ang itinatanong ng buong bayan is not about just one piece of pie, kung sino ang kumain lahat ng buong pie. At bakit ang taong bayan ang magbabayad. Dapat sila ang magbayad dahil sila ang nakinabang hindi ang taong bayan. Ikulong lahat ng nagkasala, pakalawan ang walang sala.
Re: And for as long as our farmers receive very little incentives and financial assistance from the government, more and more people go hungry each day.
Hello! Joc-joc Bolante saan napunta ang liquid fertilizers mo?
Gloria Arroyo and Joc-Joc Bolante are held responsible for the multi-million fertilizer scam.
i am not surprise at all when it comes to vietnam.they defeated the americans, pinoys did not, instead we are given what we call freedom.i donot know about the political situation in vietnam but even in faraway norway, i can register their growing economic power. their shipbuilding industry is booming sometimes even winning against europeans.
Don’t be surprised about Vietnam because they have already proven their resiliency — imagine the only country in our contemporary times that fought a 10,000 days-war (against the Japanese, French and Americans). Most of the people that I talked who have dealt with most of their high gov’t officials said that their sense of public service is very strong. Kasi karamihan pa sa kanila e mga dating mga guerilla or mass organization leaders na talagang lumubog sa mga tao. Pero may gaps pa sila in terms of management and business dev.
I just been to Vietnam last November. They really have gone a long way to progress since they defeated the Americans. I won’t be surprised if we’d soon import chicken from them.
Three friends joined an Asian tour in April of 2007. Only Pinas was not in the itinerary. I asked why. A lady friend said: Your president might steal our pocket money. Although it was a joke, she said it without batting an eyelash.
According to UN naman More Pinoys could go hungry due to rising food prices. Sabay sabay na ang pagtaas ng bilihin ngayon , magkano na kaya ang pandesal next week ? 🙂
I’ve been there also, chi.
Nakakaingit ang mabibili mo sa palengke – 100% sariwang gulay, mura pa. Mga souvenir items, mura din, well crafted pa.
One thing I can’t forget: they don’t have malls like SM, but everybody has his/her own boutique or other business. In short, the Mall is the whole city! What’s more convenient is that the last 2 floors of their 4-storey building is where they live.
Mas distributed ang wealth nila kesa sa atin. Private ownership is allowed, contrary to what has been propagandized that in a socialist regime, it’s not.
I’ve even read in one of their leading magazines on economics that they are now considering private ownership for foreigners,too.
I think they are following the path of China, Japan, and Korea.
And if we will not reform, maiiwanan tayo. Ang masakit, Vietnam will be lagging us behind thru the help of our very own Filipino Managers and Executives.
Respetado ang mga Pinoy doon sa Vietnam…
Si GLueria lang talaga ang problema.
Dapat sana matuto din ang mga Elite, na ang kanilang selfish policy ay very destructive para sa buong bansa.
Kung gusto nilang magiging competitive ang lahing Pinoy globally, dapat i-empower nila ang lahat ng kababayan nila sa pamamagitan ng pagtaas ng sahod, upang maka-afford ng magandang edukasyon ang lahat.
Babalik din naman sa kanila iyon.
Akala ko kay Wallace puro palakpak lang. Tumitira rin pala.
Di kaya ina-abandon na si Glueria ng mga kano, dahil useless na?
TY, TT sa link.
Wag naman kayong ganyan kay Mama Gloria. Ginagamit lang ng oposisyon ang ADB kaya negatibo ang report nila. At wag rin kayong maniwala sa report ng NSCB na nagtaas na ang incidence ng poverty. Ganun din ang Freedom house na bumaba na ang democracy. Sigurado, sinisiraan lang si Mama Gloria ng oposisyon at ginagamit lang ang mga institusyong yun. Tulad ng mga landslide at bagyo. Kagagawan din yan ng oposisyon.
Huwag din kayong maniwala kay Neri na evil si Mama Gloria. Minamasahe lang tiyak ng nga kritiko ang mga statements ni Neri. Ganun din ang sinabi ni Joey Salceda. How can that boy do it sa love niyang si Mama? Idol nga niya yun eh….
Huwag niyo ring paniwalaan si JDV na si Tabako Ramos, aalis na rin sa tabi ni Gloria. Bad trip lang yan si JDV dahil natanggal siya sa pagiging speaker…
Teka, teka, teka. Lahat na lang ata itinuturo ni Gloria na gawa ng oposisyon. Ano kaya huwag niyo na ring paniwalaan si Mama?
maganda ang ekonomiya sa pilipinas…
kaya nga kame umalis bilang OFW para pagandahin ang pilipinas… kulang kulang 3000 OFW ang umaalis araw araw, at handang tunagal sa ibang bansa na malayo sa mga anak at asawa, tutal maganda naman sa pilipinas…
managanda ang eko ng pnas kung saan ang health care at edukasyon ay may maliit na budget… at kung saan kung gusto mo ng magandang serbisyo, mag private ka lang
maganda ang ekonomiya sa pilipinas, kung saan halos lingo-lingo tumataas ang presyo ng gasolina na pinalala pa ng E-VAT at deregulated na negosyo…
maganda sa pilipinas, kung saan may mga state universities na nagtataasan ng tuition fees gaya na rin ng mga private universities…
hay, sa sobrang ganda ng ekonomiya ng pilipinas, hindi na aalis si GMA sa trono.
Like father, like daughter huh? When we left the Philippines in the 60’s and the father of the creep was the president, the Philippines was also importing rice from Vietnam despite the turmoil in that country of the Viet Congs. The Philippines could not produce enough rice even when there was the IRRI there teaching Filipinos proper way of increasing rice production.
Papaano naman makaka-produce ng bigas e wala namang pambili ng mga boto (seed) at fertilizer iyong mga magasasaka ng Pilipinas becasue all the funds form the treasury are being squandered elsewhere.
Gosh, ganoon na noon, mas lumala pa ngayon! Kawawang Pilipinas! Nasadlak sa isang magnanakaw na, sinungaling pa!
maganda sana sa pinas kung may pera. pero sa mga taong may konsensya ay mahirap ding mag enjoy kung napapaligiran sila ng mga mahihirap.
The thing is evil-bithcy’s claim of economic upturn is based on a weak foundation.
For the reasons of:
1. The economy is too much reliant on OFW remittance.
2. Agriculture as a base economy to abosrb the millions of existing manpower is non-existent, instead of prioritizing the production in agriculture, the current policy is stiffling it by way of import substitution.
3. Heavy or even basic industry as a lead stimulus for mechanization and rapid industrial development is missing, the current policy is again importation of heavy equipment. Wherein mining is being sold as wholesale to MNCs and TNCs, the only basic industry is extraction of minerals, but the processing of minerals to finish product such as steel are done outside of the country, therefore, the country is left exploited without industrialization despite the abundance of natural resources.
4. Local schools are training students and churning out graduates not for local employment but for foreign labor markets, therefore our turning our educational institutions not a center for learning but managing it like factories with graduates commodified for overseas market.
5. Technology transfer is discourage for every contract we entered with industrialize countries. There is no technology transfer provisions in all government contract such as LRT’s, Northrail, Malampaya exploration, now just in time, scrutinize the Spratly deal, no one can find technology transfer provision.
If the economy is upbeat, it’s because:
1. of OFWs blood, sweat and tear
2. Weak US dollar
3. we are situated in a dynamic region of growth (but still lagging as Tonyo Cruz cited)
and that’s despit of the evil-bitchy overstaying usurper by teh pasig river.
another discouraging observation is that the rich are becoming richer and the poor becomes poorer.just like in the good old america.
SumpPit,
Actually, Vietnam was only a sub to Pinas in our ‘study abroad program’. Dapat ay sa Makati ang deretso namin. Na-bomba si Akbar on the day of our scheduled trip, so cancelled ang Pinas. Students said later that they were happy our trip to Pinas was cancelled, they felt secure, enjoyed Vietnam and wrote very good reports about the country.
Kontra talaga. In 2006, a group of students were allowed to proceed to Pinas. Because the faculty members with them were whites, ayun at pinaglaruan sila sa presyo ng banca sa Cebu. Pati drinks at pagkain ay dinoble ang presyo. Students reported because of “poverty”.
Ngayon, every now and then, we get advisory…NO Pinas travel for students and faculty! Libre pa mandin sana akong makakauwi. 🙂
From Malaya: mainit pang balita.
“Madriaga said the information related to the initial payment is contrary to government claims that no single centavo from the taxpayers has been spent on the national broadband network project.
“Madriaga said the payment could amount to at least $49 million [2,450 milyon piso] or 15 percent of the $329 million [16,450 milyon piso] total contract price, which according to businessman Jose de Venecia III and ZTE witness Rodolfo Noel Lozada Jr. included an overprice of some $130 million [6,500 milyon piso].
“Madriaga said the initial payment came barely eight days after President Arroyo witnessed the signing of the supply contract with ZTE officials in Boao, China. The signing took place April 2007.
“He said the China government, which owns and controls ZTE, apparently wanted the initial payment before it could release the loan to the Philippine government.
Ganito ba yun?
Modus operandi ng mga magnanakaw?
Kailangan kumurakot ng US daan-daang milyon dolyar, katimbang bilyon-bilyon piso. Kumpanya sa Tsina, may project gustong kumurakot din ng milyon US dollar. One to one ang kasunduan. Kung Magkano kina Arroyo, yun din ang kanila.
Pauutangin ng gobierno ng Tsina ang Pilipinas. Triple ang overprice para sa daan-daang milyon dollars na kurakot. Apply agad gobierno ni Arroyo. Approved agad ang loan application. Itong utang na ang magbabayad mga batang Pinoy hindi pa pinanganganak.
Magbibigay advance ba kahit piso lang ang Tsina. HINDI PO. IMPOSSIBLE PO. Bago pautangin, kailangan maghulog bayad agad ang Pilipinas. Para magkakuarta ang mga magnanakaw, ayon sa balita, nagbayad agad ang Pilipinas ng unang hulog US $49 million (2,450 milyon piso) para meron release na milyon dolyar na kurakot ni Gloria Arroyo. Diyos ko po! Dalawang libong milyon piso. Bakit hindi tanungin si Teves?
Meron pa bang mas karumal-dumal na paraan para ang Filipino ay Igisa sa kanyang sariling mantika, ihi at tae? Meron pa bang Sasagad sa kawalang hiyaan at katakawan?
Naluma yata ang mga loan shark. Pati ang mga FIVE-SIX, pati mga pyramid con artists.
Sige pauutangin kita kahit bilyon-bilyon piso.
Pero magbigay ka muna ng unang hulog.
para makuha mo ang iyong kurakot. tutal mga anak at apo naman ng iyong kababayan ang magbabayad.
gaanon ba ka hayop yon?
It is only in the past five years or so that I observed that even my immediate neighbors in the province who used to be very self sufficient have started to rely on other people to survive! Nakakaawa talaga ang mga tao. Pati patis eh hinihingi pa!
Dati kung namamalengke ako, yung 5000 pesos ay pagkain na ng sampu sa tatlong araw. Ngayon, pagkain na lang ng isang araw. A dollar is now worth 25% less and with the e-vat, it has eroded by another 12%. THis is excluding the inflation rate which if averaged at % % every year would have eroded the peso by another 25%. Kaya ang mga OFWS have to make almost 65% more to get to the level where the dollar was five years ago. Otherwise, their families will have to cut the expenses by more than half. Where will you cut the expenses? Education, house rental or mortgage? I do not think so! It will be in the food. So the people will have to tighten their belts. Siguro kakain na lang ng dalawang beses sa isang araw instead of three times. Even the noodles that served as a staple for about 60% of our people have almost doubled in price. Kaya usong uso ang nakawan. For a lot of unemployed citizen, this is the only way to survive.
Ironically, yung mga RATS sa ating gobierno ay naglalakihan ng mga bahay(50 to 200 million lang naman). Habang ang mga mamamayan ay namamatay sa gutom, nagpapasarap ang mga kurakuterong opisyal ng bansa. Until this inequity is lessened, hindi malayong magkakarebulosyon ang Pilipinas!
For the rich businessmen like Aboitiz who installed the evili Bitch into power, they always announce the over 50% profit! While 5% of the population makes 95% of the money, the over 60% of the population will just have to either sell their souls to survive (prostritues, burglars and the like) or send a member of their family to a foreign land to pay for the expenses of the whole family!
An OFW spends about $ 5000 to process all needed papers. Kung siswertehin sa barko ang trabaho making about $ 800 to a $ 1000( in a manageareal level). Kung medyo mamalasin, domestic helper ang bagsak paying $ 400 to $ 500. Most of htese positions are on contract basis, an average of two years. So before the OFW gets back the cost of processing their papers, tapos na ang kontrata nila! There really isn’t so much money to spare to send to their families.
Lucky are the nurses and allied fields because they make better money. But compared to the 90 million Filipinos (over 60 million of which need HELP) the picture is still so bleak. POVERTY pa rin!
Hello, hello, pro-GMA bloggers,aknowlegement needed,about these “COLD STATISTICS” and “Hearsays”,I wanna recieve some transmissions from those Defenders.Discourage by this “HARD FACTS” w/ freezing statistics?IF there no BANKING SECRECIES LAW,in this Republic, perhaps or maybe 80% of the populations incarcerrated at the NEW BILIBID PRISON,are GOV’T OFFICIALS,not those human w/c are products from the hidden crimes by these WHITE COLLAR CRIMINALS.Sad to say that we are top earner of awards,for Slowest ON PROGRESS AND GROWHTS,Tops for graft and corruptions by in all degress,VIOLATORS OF Human Rights on all sectors.All of these are our shortcomings from hiring SERVANTS of the PEOPLE,w/ Master degrees of arts, aside from EDUCATIONAL,they posses doctoral degrees of Thieveries,Scientist of lies and deceptions,most of them took Escaping and Evading courses,from the institutions itself.
Hoy, Magno, igalang daw natin si Gloria Dorobo. Sagot ko, bakit ko igagalang ang magnanakaw?
Dapat diyan dinarakip, iniimbestigahan at pag mali ang sagot, sigawan, tapos, i-indict at idadaan sa paghukukom for formalities’ sake, tapos parusahan, at pag namatay, doon sa epitaph isulat: “Here lies the criminal who wanted to become president, succeeded in grabbing the presidency and became the worst president of the Philippines!”
Papaanong magkakaroon ng pera ang Pilipinas, iyng mga foreign reserves na dapat ay naipon na ay nasa mga bangko sa Hong Kong, US at EU. In fact, ang balita namin ang pera ng mga pilipinong nagpapadalala ng pera through PNB dito, iyong pera nila ay ipinapadala sa Hong Kong muna, at iyong tinatanggap ng mga pamilya nila sa piso ay kung ano ang nandoon. Kaya papaanong lalakas ang piso e nasa black market ang foreign reserves ng Pilipinas kundi naman nahakot na sa mga private banks ng mga nakaupong magnanakaw. Alam na alam in fact ang galing ng mga pilipino sa money laundering at black marketing. :-p
Knives,if you were of yesteryears of 1984 or 85, it means you doesn’t felt, a few centavos on your pocket book,will met your ends need.A MODERATE income of 12pesos a day will support a household of 4,compare to 340 pesos a day,minus evat w/c cannot support the worker him/her self.A comparison of growth,merely a facts of ECONOMIST OUTLOOK, towards economic index,due world/domestic inflations,money devaluatons,current situations of world market for short.Now don’t compared this changes on 20 + years of economic growth,hence buying power of currency were strong enough on purchasing of basic needs.Even now these are the unsolved problems of ECOMOCIST.International currencies devaluations will cause more chaos on world bussiness.Advantages and disadvantages for both EXPORTER &IMPORTER,guess whose on losing end,comsumer you and I,we could curtail all of these,if the country were self reliances on productions of our basic needs,w/c the negligence of all ADMINISTRATIONS of the past and current,failing to curb corruptions,mismanagement and some ill doing of bussines,eg,Foriegn loans,an Agreement of foriegn investors on exploitations of our natural resources,our manpowers and the republic itself.Don’t be offended if your knowledge not to know all the previous statistics,If you planted a fruit bearing trees,for more than seven years,no fruits at least a flowers,but years passed by only leaves are been produce,and make mess on your yard,Only two option are avail to chose from ,water the tree with your tears, and wait under the shades ’til it bears fruits, or chop the tree down and use all of its body components for firewoods,at least these would compensated your effort of planting the “tree”. your choices might be in faulty choices at least you’ve tried the best you can.GOOD LUCK !!!!
Yeah, ur right.. as i am reaping the fruit of the bad decisions of my ancestors.
At least nga kayo naramdaman nyo kahit minsan ang maunlad na pilipinas. eh kami? Mamamatay kaming hindi namin naramdaman ang maunlad na pilipinas.