The Philippine peso: Strongest currency in Asia! GOOD NEWS

[rochelle]

I hope mapiskan ang basic public services, dili ra kutob news report.

Exactly!!! hehehehe. basin PR fraud na naman eto

[Rance]

It's all up to you on what is the real facts.. read the papers (any newspapers go directly to business section) or maybe watch the news in TV on how we are doing now (Philippines).. do your part read and be informed pero ayaw na kabahin sa kadautan ha? basin ma daghan namo dre nag abot mga opposition and any group that are againts the govenrment! kay wa gyud ayo na.

[s.n.m.p.]

Philippine Star has become a pathetic propaganda paper of the isolated and corrupt Arroyo government. I dont read that garbage.

[Vertical Horizon]

Another way, Im sure, to deodorize the rotten image of Gloria and her government.

Let's stop pretending. Reality is plain to see.
The increasing prices, the skyrocketing tuition fees, the graft-ridden government... and the list could go on and on...

[arnoldsa]

Kani mao mas klaro nga propaganda..

pahabol...


SPICED-UP ECONOMIC NUMBERS CAN’T HIDE CRISIS





It’s not the numbers that matter, especially if the numbers are prettied up.



The Arroyo administration has been citing positive economic figures to deflect its political crisis, but according to IBON, these statistics are unreliable as government changed various methodologies this year to come out with rosy figures.



According to IBON senior researcher Sonny Africa, adjusting these methodologies tries to hide the true extent of the country’s economic crisis.



He says that an early notable change was in the low adjusted poverty thresholds used by the National Statistics Office (NSO) in computing the country’s poor in 2003. NSO came out with an unrealistic poverty threshold figure of P12,267 or P33.60 a day and claimed that only 1 in 3 Filipinos were poor.



“Even the ADB questioned this adjustment and argued that this would underestimate the poverty incidence,” says Africa. IBON estimates that as much as 88% of Filipinos may be poor.



Africa adds that there have been three statistical redefinitions this year: 1) National Statistical Coordination Board’s redefinition of unemployment, which reduced unemployment rate; 2) Department of Finance’s removal of intra-government borrowings from the computation of the outstanding public sector debt, thus reducing public debt figures; and 3) Bangko Sentral’s adjustment in its accounting method to include a 20% raising factor in OFW accounts and improve the balance of payments figures.



He explains that the objective of changing methodologies is to conceal from foreign creditors, business groups, and the public the true picture of the Philippine economy. For instance, NSCB’s more stringent definition of unemployment in the April 2005 survey has reduced the official unemployment rate by 4.6% and the number of the unemployed by 1.9 million.



“But this was achieved not by creating jobs but by simply removing those no longer actively seeking work from the ranks of the unemployed, in order to make it seem as if fewer Filipinos are out of work,” says Africa.



These changes will make it more difficult to identify the trends and make comparisons with estimates from previous years, he adds.



“But a pretty economic picture can’t hide the extent of the economic crisis that Arroyo’s economic policies have brought,” Africa says. “No amount of statistical deception can hide the reality that Arroyo has failed to deliver any real economic gain for the people.” (end)

[randy111979]

Another way, Im sure, to deodorize the rotten image of Gloria and her government.

Let's stop pretending. Reality is plain to see.
The increasing prices, the skyrocketing tuition fees, the graft-ridden government... and the list could go on and on...

Let me guess! Booting out PGMA will solve all of this right? Wow! Genius!

[bcasabee]

And using this reality to convince people to join the communist? No way. I would say, way go federal. Its the way. I would be very happy that people rally on the streets and shout for federalism and for not destabilizationism.

Let's stop pretending. Reality is plain to see.
The increasing prices, the skyrocketing tuition fees, the graft-ridden government... and the list could go on and on...

[darkwing]

anothering thing to realize, kung commie nata, maka post bata ug anti-commie? lol

[JoRed]

'aby rance,
paki explika kuno 'ni kon nganong naingon ani...

Long-term capital mart continues to evade RP


Wednesday, 10 26, 2005

The local financial system had failed to make any headway in developing the domestic capital market even after 14 years of advocacy, former Bangko Sentral ng Pilipinas (BSP) Governor Rafael Buenaventura said yesterday.

This lack of response is at the core of the problem why long-term money continues to evade the government that can benefit from a vibrant domestic capital market enabling the financing of long-term programs with long-term money, Buenaventura said.

Buenaventura stressed this point more to encourage regulators and market players to reaffirm a collective resolve to effect a well developed capital market.

Although the Capital Market Development Council had been in existence since 1991 and while such measures as a risk-based approach to financial supervision and the adoption of a real-time settlement system or RTGS have since been in place, Buenaventura said “a lot still needs to be done.”

“Our system continues to be very uneven. The preponderance of long-term lending is coming from the banking sector and this is funded by very short-term deposits.

“'Floaters' account for the great majority of this lending and we all witnessed the burden this creates.

“The palpable absence of a deep pool of raw long-term savings makes it difficult to directly finance housing and education needs, the Capital Expenditures of Philippines Inc. and everything else in between.

“With our savings bias favoring short-term instruments, matching this with an increasing demand for long-term funds and a budget deficit that needs to be financed, it comes as no surprise that the cost of funds remains high and volatile,” Buenaventura said.

[bcasabee]

Ang masulti lang nako ani no. The government is really doing its best to stir the economy upward kay mabasa man nato sa report below nga naninguha jud sila nga ma develop ng unsa ng market market diha. And that's good news kay naa jud diay gibuhat ang gobyerno.

'aby rance,
paki explika kuno 'ni kon nganong naingon ani...

Long-term capital mart continues to evade RP


Wednesday, 10 26, 2005

The local financial system had failed to make any headway in developing the domestic capital market even after 14 years of advocacy, former Bangko Sentral ng Pilipinas (BSP) Governor Rafael Buenaventura said yesterday.

This lack of response is at the core of the problem why long-term money continues to evade the government that can benefit from a vibrant domestic capital market enabling the financing of long-term programs with long-term money, Buenaventura said.

Buenaventura stressed this point more to encourage regulators and market players to reaffirm a collective resolve to effect a well developed capital market.

Although the Capital Market Development Council had been in existence since 1991 and while such measures as a risk-based approach to financial supervision and the adoption of a real-time settlement system or RTGS have since been in place, Buenaventura said “a lot still needs to be done.”

“Our system continues to be very uneven. The preponderance of long-term lending is coming from the banking sector and this is funded by very short-term deposits.

“'Floaters' account for the great majority of this lending and we all witnessed the burden this creates.

“The palpable absence of a deep pool of raw long-term savings makes it difficult to directly finance housing and education needs, the Capital Expenditures of Philippines Inc. and everything else in between.

“With our savings bias favoring short-term instruments, matching this with an increasing demand for long-term funds and a budget deficit that needs to be financed, it comes as no surprise that the cost of funds remains high and volatile,” Buenaventura said.