Economy – Page 2 – ellen tordesillas

Huwag paki-alaman ang pera ng SSS

Published by Ellen on February 2, 2009

Sabi ni Executive Secretary Eduardo Ermita welcome na welcome daw ang sino na mag- file ng class suit sa kanila tungkol sa kanilang plano na gagamitin ang P12.5 bilyon na pera ng Social Security System sa P100 bilyon na economic stimulus ng pamahalaan ni Gloria Arroyo.

Ang tapang talaga ng apog nitong mga bata ni Gloria Arroyo. Paano kasi mana sa amo.

Marami kasi ang uma-alma, kasama na si Sen. Aquilino Pimentel, sa plano ni Arroyo na gamitin ang pera ng SSS para pangsalba sa problema ni Arroyo sa ekonomiya dahil and pera ng SSS ay hindi pera ng gobierno. Private funds yan. Pera ng nagta-trabaho sa pribadong kumpanya.

Pagpupugay sa OFW

Published by Ellen on January 31, 2009

Itong pagpupugay sa mga OFW ay pinadala sa akin ni Magno Rivera na ngayon ay nasa Saudi. Sabi niya pinadala raw sa kanya ni Frankie Villaflor.

Hindi mayaman ang OFW – Akala ng marami sa ating kapag OFW o nasa abroad ay mayaman na. Hindi totoo yun. A regular OFW might earn from P50K-P300K per month depende sa lokasyon. Yung mga taga-Saudi or US siguro ay mas malaki ang sweldo, ngunit para sabihin na mayaman sila ay maling-mali.

Mahirap maging OFW – Kailangan magtipid hangga’t kaya. Oo, masarap ang pagkain sa abroad pero madalas na paksiw o adobo at itlog lang tinitira para makaipon. Pagdating ng kinsenas o katapusan, ang unang tinitingnan eh ang conversion ng peso sa dollar o riyal o euro. Mas okay na magtiis sa konti kaysa gutumin ang pamilya.

Nawawalang trabaho

Published by Ellen on January 24, 2009

Noong isang buwan, nang unang bumulaga ang krisis pinansyal sa Amerika na kumalat na sa ibang parte ng mundo, sinabi ni Gloria Arroyo hindi raw masyadong apektado ang Pilipinas dahil malakas daw ang pundasyon ng ating ekonomiya.

“Fundametals are strong”, yan lang palagi ang kanyang pinagyayabang. At yan daw dahil magaling daw siyang ekonomista kahit na garapalan ang kurakutan sa kanyang administrasyon.

Anong “strong fundamentals” ang pinagsasabi niya samantalang alam naman natin lahat na ang bumubuhay lang sa ekonomiya ng Pilipinas ay ang mga dolyares na pinapadala ng mga Overseas Filipino Workers na hindi bababa sa sampung milyon sa lahat na parte ng mundo, kahit sa kasulok-sulokan ng Alaska at Africa.

Gloria Arroyo clutching at straws

Published by Ellen on January 4, 2009

This story shows how desperate Gloria Arroyo and her drumbeaters are.

On Jan. 2, Press Secretary Jesus Dureza issued this statement:

“It’s encouraging to note that we have been cited in Bloomberg today, as one of the resilient economies in Asia, along with China. Amidst global financial downturn, we continue to post strong currency and fiscal position. Undeniably, this is the result of the economic reforms instituted by the President early on.

While difficult days are expected ahead, we are in a better position to weather them as long as we keep the course and resist the temptation of divisive politics.

The Philippines and China were being cited as the two Asian economies that fared the best in 2008 and that will do well in 2009.

The following story by TJ Burgonio and Maxim Lucas is in the Inquirer today:

Dolyar ang tinitingnan

Published by Ellen on October 22, 2008

Sa Taiwan, si Nemecia Armia, 39 -na-taong gulang na titser, ay naghihintay sa bilangguan ng kanyang kamatayan.

Si Armia ay nahatulan ng kamatayan sa pamamagitan ng baril noong Sept. 12, 2007 sa salang pagpatay sa isang Chiu Maiyun sa pamamagitan ng pagsaksak. Itinanggi ni Armia na siya ang pumatay. Na frame up lang daw siya kahit na inamin niyang ginamit niya ang ATM ng biktima sa pag-withdraw ng cash at may knalaman siya sa pagtapon ng katawan.

Sabi niya ang pumatay talaga ay nangangalang Mr. Chang at Mr. Wu. Tinakot daw sila ng kanyang boyfriend na si David Fillion kaya sinunod ang kanilang utos na magwithdraw sa ATM gamit ang card ng namatay at ang pagtapon ng katawan noon. Wal;ong buwan pagtapos nangyari ang krimen, bumalis sa Amerika ang boyfriend ni Armia at nagpakamatay.

WB disowns Gloria Arroyo’s announcement of $10 billion standby fund

Published by Ellen on October 16, 2008

Gloria’s $10B bailout fund is news to WB

Palace: Oops, ’t’was IMF which gave pledge

by Jocelyn Montemayor
Malaya

President Arroyo Arroyo left people puzzled yesterday after countries and institutions said they were unaware of a plan she announced to set up a regional fund to deal with the global financial turmoil.

Arroyo said on Wednesday the World Bank had committed to initially provide $10 billion to a fund to buy toxic debt and help banks in the region hit by the financial crisis.

Arroyo said the 10-member Association of Southeast Asian Nations, its three dialogue partners of Japan, China and South Korea, the Asian Development Bank and the International Monetary Fund could also contribute to the fund.

A World Bank official, however, said the bank has no plans to contribute to the fund, and the Asian Development Bank said it was too early to talk of contributions to the facility because the region remains economically strong.

Asean member Singapore said it was not aware of any such plan.

Living within one’s means

Published by Ellen on October 6, 2008

The $700 billion bailout package to save the economy of the world’s only superpower is too staggering to comprehend for the ordinary Filipino whose main concern is coping with the rising prices of basic necessities including the shrinking pan de sal.

But whether it’s in the billions of dollars or in the meager Philippine pesos and centavos, the US financial crisis has again reminded us of the folly of a materialistic society and the virtue of living within one’s means.

In an article in the Inquirer, former Economic Planning Secretary Cielito Habito tried to make understandable to non- financial wizards the problem facing the Americans, which has sent shivers all over the world. He said, “Put simply, the plan would permit US Treasury Secretary Henry Paulson to buy from troubled US financial institutions, using taxpayers’ money, up to $700 billion worth of the so-called ‘toxic mortgages’ or failed subprime loans.

Questions on economy for Arroyo

Published by Ellen on October 2, 2008

Last Wednesday, I wrote about the press conference of Gloria Arroyo with the Foreign Correspondents Association of the Philippines that Malacañang press office was working out. It was supposed to have been yesterday.

Malacañang informed Focap that Arroyo would not answer political questions. She would only answer questions “pertaining to the economy and how the current US financial crisis is affecting the Philippines and other Asian countries,” Press Undersecretary Martin Crisostomo said.

Focap did not agree to the restrictions. Malacañang postponed the presscon giving as an excuse Press Secretary Jesus Dureza “not feeling well.” But Dureza was well enough to moderate yesterday’s presscon of the economic managers with the very cooperative Malacañang press corps.

More pabulum from Gloria

Published by Ellen on October 1, 2008

Malaya’s editorial today says:

The local markets are in turmoil as the US financial crisis spreads. Investors, lenders and borrowers need information. They are desperately seeking assurance from anybody in government credible enough to be believable.

What they are getting instead is more of the pabulum that Gloria Arroyo dished out to businessmen during the economic briefing she and her Cabinet conducted before she went to the United States purportedly to gather a deeper insight into the crisis and, consequently, come up with measures that would minimize damage to the local economy.

Here’s Gloria’s take direct from Samar: To insulate the Philippines from the effects of the US crisis, the government will focus on easing inflationary pressures, providing safety nets, creating jobs, generating revenues and strengthening the banking system.

Category: Economy