양헬레스(포스코,원베드) 승계합니다
김창식-2
199
18:59
필핀 다가오는 “near crisis.”(5)
담배한모금
쪽지전송
Views : 2,102
2018-08-15 20:31
자유게시판
1273966453
|
필핀 다가오는 !!!! “near crisis.”
뜻~~ 바닥 으로!!!
Consumer prices are at their highest in five years, the economy has slowed down, and the midterm elections are approaching.
Albay Rep. Joey Salceda thinks the country is seeing the first “near-crisis” of the Duterte administration.
The first crisis was in fact the five-month siege of Marawi last year, which prompted the declaration of martial law. But Salceda is an economist from Albay so he’s more focused on the economic woes of the entire country.
And right now the bad news on the economic front just keeps coming. How will it impact on President Duterte’s priority programs and plans?
Already, galloping inflation has derailed his TRAIN 2. The second phase of the Tax Reform for Acceleration and Inclusion now has a new acronym, TRABAHO.
This could also boomerang if investors affected by the withdrawal of their tax incentives make good on their warning to move their operations to Vietnam and other countries, rendering hundreds of thousands of Filipinos jobless.
Duterte’s push for a constitutional revision to shift to federalism is in limbo, to put it mildly. After the flap over “pepedederalismo,” Sen. Panfilo Lacson says the cremated ashes of federalism are waiting to be scattered.
To curb inflation, Duterte’s supporters want to flood the market with imports of basic food items including rice. While this could ease price surges, local producers – both the large-scale operators and marginal agricultural workers – are worried, especially with a bumper rice harvest expected later this year.
What’s a President to do?
* * *
Yesterday, the Philippine Statistics Authority reported that the country’s economic growth decelerated to 6.0 percent in the second quarter. It was still the third best performance in Asia after Vietnam’s 6.8 percent and China’s 6.7, but still less than hoped for by the government, according to Socioeconomic Planning Secretary Ernesto Pernia.
The country’s chief economist attributed the deceleration, among others, to the closure of Boracay during the peak travel season, slower deployment of workers overseas, restrictions in the mining sector and a slide in aquaculture production due to the shutdown of fish pens in Laguna de Bay. Pernia, who earlier warned about the dire economic consequences of the shift to federalism, did stress the long-term benefits of green policies, so I guess he’ll still keep his job.
Like rising prices, the economic slowdown would be blamed squarely on the government.
As of yesterday, fuel prices were nearly double the figures during the Christmas holidays last year. Economists argue that among the drivers of inflation, fuel and electricity account for only 0.7 percent. But you don’t have to be an economist to see how any significant and sustained increase in fuel prices leads to an increase in the prices of practically everything else.
Anyone who shops in the wet market regularly can ask the stall owners why they are increasing their prices. Unless they source their products from their own backyard, the stall owners will point to the higher cost of transporting the goods as a prime reason.
When prices of raw food items and other basic goods increase, there is a spiraling effect on many other items such as processed food, manufactured non-food items and even household rent.
Since the excise tax on fuel under TRAIN took effect, for example, the prices of the two top locally produced butter brands have jumped by about 15 percent; for local baking margarine, the price has surged by about 20 percent.
My fresh carabao or buffalo milk for breakfast, which is produced in the Science City of Muñoz in Nueva Ecija and retailed in two large supermarket chains, is now priced at up to P145 from the previous P119 for a 500 ml bottle. The drive to Muñoz from my part of town takes about four to five hours. Surely fuel costs for the temperature-sensitive milk pushed up the price.
For rice, the local variety that I used to buy for P1,790 per 50-kilo sack now costs P2,030.
* * *
The government’s economic team, horrified by the idea of losing the windfall from the fuel excise tax, insists that TRAIN has had a minimal impact on the fuel price surge. They tell the public to blame external factors instead, which have tightened crude oil supply and weakened the peso.
But we can’t do anything if US President Donald Trump imposes sanctions on top oil producer Iran. On the other hand, we can do something with the excise tax, without waiting for the mechanism that will trigger its suspension – $80 per barrel for crude oil in the world market. (Brent crude was trading at $72.41 yesterday.)
Opponents of a suspension say it will require an amendment of the TRAIN law. Critics are asking, what happened to executive power? President Duterte wielded it in his order implementing the Reproductive Health law even while the Supreme Court was sitting on a petition against the measure.
Duterte may have to wield it again in the case of TRAIN, because even if his economic managers shout themselves hoarse, he’s the one being blamed, and not Trump, each time drivers of jeepneys, motorcycles and tricycles gas up and their wives go to the market and see their purchasing power shrinking progressively.
And no, these folks don’t pay income tax so that sweetener for TRAIN doesn’t apply to them.
So far, however, Duterte is bowing to his government’s number crunchers when it comes to these matters.
* * *
What’s the alternative? Flood the market with imports of almost everything, including rice.
Consumers will appreciate any consequent price drop. But in the process, the government could be alienating another constituency: local producers, including rice farmers, many of whom are among the poorest in our society.
Imports are also highly vulnerable to currency volatility. With the peso weakening, any reduction in the prices of food items as a result of importation may be short-lived.
Given the country’s sad experience, concerns have also been raised about the potential for corruption in importations, particularly of rice.
If prices continue to increase even with the flood of imports, the government will be in bigger trouble, and an election year is approaching.
Yesterday, presidential spokesman Harry Roque said no Cabinet member had endorsed tariff cuts on several food items, which would lead to a flood of imported goods, to tame inflation.
So what’s Plan B? Discussions continue. The central bank yesterday cut interest rates by another 50 basis points, but its impact on inflation is still several months away.
Salceda could be right about a “near crisis.”
빣빡섬 뜻~~ 두터형 잘좀 하자!!!
뜻~~ 바닥 으로!!!
Consumer prices are at their highest in five years, the economy has slowed down, and the midterm elections are approaching.
Albay Rep. Joey Salceda thinks the country is seeing the first “near-crisis” of the Duterte administration.
The first crisis was in fact the five-month siege of Marawi last year, which prompted the declaration of martial law. But Salceda is an economist from Albay so he’s more focused on the economic woes of the entire country.
And right now the bad news on the economic front just keeps coming. How will it impact on President Duterte’s priority programs and plans?
Already, galloping inflation has derailed his TRAIN 2. The second phase of the Tax Reform for Acceleration and Inclusion now has a new acronym, TRABAHO.
This could also boomerang if investors affected by the withdrawal of their tax incentives make good on their warning to move their operations to Vietnam and other countries, rendering hundreds of thousands of Filipinos jobless.
Duterte’s push for a constitutional revision to shift to federalism is in limbo, to put it mildly. After the flap over “pepedederalismo,” Sen. Panfilo Lacson says the cremated ashes of federalism are waiting to be scattered.
To curb inflation, Duterte’s supporters want to flood the market with imports of basic food items including rice. While this could ease price surges, local producers – both the large-scale operators and marginal agricultural workers – are worried, especially with a bumper rice harvest expected later this year.
What’s a President to do?
* * *
Yesterday, the Philippine Statistics Authority reported that the country’s economic growth decelerated to 6.0 percent in the second quarter. It was still the third best performance in Asia after Vietnam’s 6.8 percent and China’s 6.7, but still less than hoped for by the government, according to Socioeconomic Planning Secretary Ernesto Pernia.
The country’s chief economist attributed the deceleration, among others, to the closure of Boracay during the peak travel season, slower deployment of workers overseas, restrictions in the mining sector and a slide in aquaculture production due to the shutdown of fish pens in Laguna de Bay. Pernia, who earlier warned about the dire economic consequences of the shift to federalism, did stress the long-term benefits of green policies, so I guess he’ll still keep his job.
Like rising prices, the economic slowdown would be blamed squarely on the government.
As of yesterday, fuel prices were nearly double the figures during the Christmas holidays last year. Economists argue that among the drivers of inflation, fuel and electricity account for only 0.7 percent. But you don’t have to be an economist to see how any significant and sustained increase in fuel prices leads to an increase in the prices of practically everything else.
Anyone who shops in the wet market regularly can ask the stall owners why they are increasing their prices. Unless they source their products from their own backyard, the stall owners will point to the higher cost of transporting the goods as a prime reason.
When prices of raw food items and other basic goods increase, there is a spiraling effect on many other items such as processed food, manufactured non-food items and even household rent.
Since the excise tax on fuel under TRAIN took effect, for example, the prices of the two top locally produced butter brands have jumped by about 15 percent; for local baking margarine, the price has surged by about 20 percent.
My fresh carabao or buffalo milk for breakfast, which is produced in the Science City of Muñoz in Nueva Ecija and retailed in two large supermarket chains, is now priced at up to P145 from the previous P119 for a 500 ml bottle. The drive to Muñoz from my part of town takes about four to five hours. Surely fuel costs for the temperature-sensitive milk pushed up the price.
For rice, the local variety that I used to buy for P1,790 per 50-kilo sack now costs P2,030.
* * *
The government’s economic team, horrified by the idea of losing the windfall from the fuel excise tax, insists that TRAIN has had a minimal impact on the fuel price surge. They tell the public to blame external factors instead, which have tightened crude oil supply and weakened the peso.
But we can’t do anything if US President Donald Trump imposes sanctions on top oil producer Iran. On the other hand, we can do something with the excise tax, without waiting for the mechanism that will trigger its suspension – $80 per barrel for crude oil in the world market. (Brent crude was trading at $72.41 yesterday.)
Opponents of a suspension say it will require an amendment of the TRAIN law. Critics are asking, what happened to executive power? President Duterte wielded it in his order implementing the Reproductive Health law even while the Supreme Court was sitting on a petition against the measure.
Duterte may have to wield it again in the case of TRAIN, because even if his economic managers shout themselves hoarse, he’s the one being blamed, and not Trump, each time drivers of jeepneys, motorcycles and tricycles gas up and their wives go to the market and see their purchasing power shrinking progressively.
And no, these folks don’t pay income tax so that sweetener for TRAIN doesn’t apply to them.
So far, however, Duterte is bowing to his government’s number crunchers when it comes to these matters.
* * *
What’s the alternative? Flood the market with imports of almost everything, including rice.
Consumers will appreciate any consequent price drop. But in the process, the government could be alienating another constituency: local producers, including rice farmers, many of whom are among the poorest in our society.
Imports are also highly vulnerable to currency volatility. With the peso weakening, any reduction in the prices of food items as a result of importation may be short-lived.
Given the country’s sad experience, concerns have also been raised about the potential for corruption in importations, particularly of rice.
If prices continue to increase even with the flood of imports, the government will be in bigger trouble, and an election year is approaching.
Yesterday, presidential spokesman Harry Roque said no Cabinet member had endorsed tariff cuts on several food items, which would lead to a flood of imported goods, to tame inflation.
So what’s Plan B? Discussions continue. The central bank yesterday cut interest rates by another 50 basis points, but its impact on inflation is still several months away.
Salceda could be right about a “near crisis.”
빣빡섬 뜻~~ 두터형 잘좀 하자!!!
질의 중... 30초 정도 걸려요 ...
@알림 : 코멘트를 작성하시려면 로그인을 하십시오.
열공시대 [쪽지 보내기]
2018-08-15 22:07
No.
1273966562
31 포인트 획득. 축하!
간단히 한줄 요약 부탁드려요 ㅎ
@알림 : 코멘트를 작성하시려면 로그인을 하십시오.
점핑보이 [쪽지 보내기]
2018-08-15 22:48
No.
1273966605
43 포인트 획득. 축하!
TRABAHO 면..따갈로그로 일(work)로 알고 있는데..
말장난할 시간에 인플레이션 잡을 생각이나 하지.
말장난할 시간에 인플레이션 잡을 생각이나 하지.
@알림 : 코멘트를 작성하시려면 로그인을 하십시오.
바롱따갈로그 [쪽지 보내기]
2018-08-15 23:04
No.
1273966621
42 포인트 획득. 축하!
@ 점핑보이 님에게... 쇼맨쉽이 너무 강하고 필리핀 스타일대로 보여주기식에 너무 열중하는 것 같습니다. 그냥 이슈 메이커 같아요. 뭐 국민들 수준에 딱 맞는 맞춤형 쇼겠지만요.
@알림 : 코멘트를 작성하시려면 로그인을 하십시오.
sorichonsa@네이버-75 [쪽지 보내기]
2018-08-16 01:46
No.
1273966712
좀 짧게 ?
그리고 source.
그리고 source.
@알림 : 코멘트를 작성하시려면 로그인을 하십시오.
pak2140 [쪽지 보내기]
2018-08-16 12:38
No.
1273967078
10 포인트 획득. ... 힘내세요!
정부 기관들의 예측이 너무 낙관적 입니다. 모든걸 다 외부 요인으로 돌립니다. 세금 올려서 생긴건 절대 아니라고 하죠... 그래야 트레인 2를 하니...내부적으로 외국인 직접투자 감소 물가 상승. 일자리 창출 감소. 등등 많은 경제 문제가 잇지만 모든걸 다 외부요인으로 돌립니다. 그리고 트레인 2가 시작되면 아마도 중소 콜센터는 철수 한다고 합니다. 혜탹을 뺏어가니 더는 여기 있을 필요가 없는거겟죠.... 참. 두테 경제팀 3살배기도 할 생각을 못합니다. 당근을 줘도 안들올판에 뺏어 갑니다. 참.. 정말 위기가 올수 있습니다. 정말 트레인 2가 실행되면 walang trabaho 됩니다.
덴탈 부티크치과
unit-2c Margarita center 27 aguirre ave. bf homes paranaque city
09175567090
@알림 : 코멘트를 작성하시려면 로그인을 하십시오.
No. 95544
Page 1911
Reminder :
필고 인공지능 GPT-4 Turbo 업데이트 안내
( 6 )
Reminder :
필고 닉네임 업데이트 안내
( 12 )
해외여행 테러 피행 예방 안전공지
Tom톰형
504
12:13
필리핀 한인탁구 모임 안내
키다리아저씨
193
12:02
Silog 메뉴 판매하고 싶은데 서플라이어 문의
KOPHISnackHouse
507
08:50
마닐라 저렴한 콘도 구입 추천 (10)
Justin Kang@구글-q...
954
07:53
폭염 관련 안전 공지 (6)
Tom톰형
2,565
24-04-25
Deleted ... ! (21)
97a389
3,414
24-04-25
필리핀에서 누구를 만나는지도 중요하지만 (7)
Justin Kang@구글-q...
2,960
24-04-25
올여름 아시아권 더위와 태풍이 사상 최악일거랍니다. (4)
Justin Kang@구글-q...
2,214
24-04-25
필리핀 비자신청 절차가 보통 간략하게 어떻게 되나요? (8)
내재산이화수...
1,816
24-04-25
Deleted ... ! (13)
97a389
3,765
24-04-25
엔진오일 교체 업체 추천부탁드립니다!
a48276
521
24-04-24
화원장터에 글이 안보여요 (4)
마닐라사랑
1,980
24-04-24
최근에 라세마 가보신분 있으실까요? (4)
불타는호남선
2,851
24-04-24
장터 '목어깨무선마사지기기팝니다' 주의 (7)
pangasinan
4,831
24-04-23
필리핀 은행 이체 한도 문의 (5)
sens2468
2,909
24-04-23
넷플릭스 나는신이다
버들-1
1,578
24-04-23
하숙집 괜찮은곳 추천부탁드립니다 (4)
Kimkim8888
2,930
24-04-23
일자리 구하기 (24)
같이걷자
13,859
24-04-21
앙겔레스는 식사제공 하숙집이 없나요?
Kimkim8888
1,418
24-04-21
10만페소 정도 대포차 (11)
sok kim
11,017
24-04-20
치매 예방용 전기세 계산법 (11)
꽃을사는보트...
8,676
24-04-20
글로브 번호 expired 되는 기간이 ? (3)
jayjayjays
1,623
24-04-20