Is Philippine economy on the rise?
@LetranKnight25 (33121)
Philippines
June 23, 2011 11:48pm CST
or on the FALL? or constant a bit ups and downs?
Hello Lotters.
Unfortunately as a Citizen of the Filipino people, i don't see it.
What i see is corruption, a deterioration of government services every where as mentioned once by an actor Aga Muchlach when he was asked about politics. am glad guys like him isn't persuaded to be part of the political OROCAN.
but seriously, economy is still rising but it's hard to determine due to the problems of over population, poverty, lack of education and CORRUPTION.
sooner or later we gotta have to save our country WITH OUT SACRIFICING THE OFWS who kept giving their service to give family support and tax to the government...
which their knowledge and service should benefit the filipino in general
3 people like this
8 responses
@raymondcrisostomo (10)
• Philippines
24 Jun 11
in my own opinion, the economic status of the philippines is very unstable and it is very hard to say that is rising, perhaps it is more on the downside. one of the main causes i think is the oil prices since the Philippines is very much dependent on importing oil
1 person likes this
@LetranKnight25 (33121)
• Philippines
24 Jun 11
Hello raymond,
yeah, you could say that because of the situation of the country and it's corruption. such is realy discouraging businessman to go one business or expand it. what's worse is corrupt officials like cops and traffic enforces are milking them out and then some are are downsizing causing another add to the unemployed people
@jaiho2009 (39141)
• Philippines
24 Jun 11
dear LK,
When we say "government" ,i don't see any changes.
The only changes we can feel and say are the municipality that are trying their best to be a good city and doing their best to be one of the best in the country.
I wonder what are those senators were doing and what are their purpose.
There's no senators in Marcos regime...but the country runs and working good.
good day my brother
@jaiho2009 (39141)
• Philippines
24 Jun 11
debate laws...where law makers are the first law breakers eh
@LetranKnight25 (33121)
• Philippines
24 Jun 11
Hello Jaiho,
I hope you're doing fine there. yeah, i agree and sadly to say, there hasn't been good changes lately or for a while. yeah, i've seen some promotion about municipalities competing with each other to become the best municipality. well, it's a good development, not like before.i don't even know the purpose of the senate there except to debate and make laws.
1 person likes this
@mantis36 (4219)
• Philippines
24 Jun 11
and try to remember that Japan after the world war 2, they are poorer than a rat, but few years passed, they regain strength.... for an extremely few years only....
it's not the reason when we say Philippines is hard to recover because of the bombardment of past debts of the previous series of administrations....
but it's about Honesty, Honor, Discipline, Determination, Patience... name it more...
Japan is programed to be independent...
while Philippines is not, but by words only they called Independent but still dependent to America and to all nations....
@laydee (12798)
• Philippines
24 Jun 11
I think there are different ideas here. You see, if you are going to ask the poor and the middle class if the Philippine economy is going up, then they'd say it isn't because of what they see around them. On the other hand, if you're going to ask the higher class, they wouldn't feel the same with you.
I just came from an economic update seminar from a company that I work for and if you see how financial planners, advisers, and such see things - actually the Philippine economy is doing a plateau. It isn't doing great, it isn't doing bad either.
I think we should not limit ourselves to looking into what's bad, instead we must also learn to appreciate what's good. I know it's difficult to not see the bad but there's really nothing you could do about it, so to speak. You'll only end up feeling terrible. Which is why, I now advise people to avoid watching too much news.
For just an information, a family friend of ours is a physician. He deals with a lot of cancer patients and he has noticed that, though there hasn't been proof of the causes of such, most of the people who were negative (always cranky, always complaining, doesn't see any good in anything). Therefore, if you don't like to get cancer in the near future, try not to worry too much.
Everyone in the world have felt the decline of progress. However, who's to dictate our feelings of whether we'd be happy about our own lives or we should dwell on the sadness of things. Life is too short to worry about the macro things in life.
Have a great MyLot experience today!
@laydee (12798)
• Philippines
25 Jun 11
First and foremost, thank you for the best response mark.
Secondly, I think nobody in the world is really satisfied of what they have. We always have that thought of "life is greener on the other side." Our wants and needs are so insatiable that we always try to compare our lives with other peoples lives and nobody could really say that they're 'comfortable'. There will always be something better that we'd like to achieve.
Say for example, I have a friend who lived in our capital city. He was working a good job then after a couple of months, he says that the job and the company wasn't really good. Then he transferred to another company, after several months he's saying the same thing. After several companies, he would say that same complaints: the company is not good, the policies are not right, the management are just people who are a$$holes. Eventually, he got the chance to work in another country. Different environment, everything was great. After several months, he still complained of the same thing.
Now, if one was in a situation were he wasn't employed, I'd tell you that nothing in the world would be better than to be employed and have money. The guy would even accept a mediocre job just to satisfy the need of having a source of fund.
To make the long story short, it depends really on who's talking and who's living the life. I for one would think that life is tougher these days as compared to years before. But should your grandparents would talk, they'd think that life was very much easier when they were younger. Still, if your great-great grandparents would have the chance to speak, they'd say life was better when they too were young. I guess everything was indeed better when all of us were younger, but that's just human nature, we cannot accept what we have and look at it in the purest way, we always see something 'bad' in our situation. Is it our fault? NO it's not, it's human nature.
As for people leaving the country, ever since time a memorial people have been migrating to other countries. It's nothing new. That would never stop, neither would progress stop people from leaving. Several years ago, things were still young in our country - people have left. Now, there are far more companies, still people have left. It's all about our insatiable desire.
@LetranKnight25 (33121)
• Philippines
24 Jun 11
Hello Laydee,
That depends really on the situation of every person. to those who seemed uneducated they really see things that are going bad lately or more like they didn't wanna talked about how bad is going in their lives. as for the middle class i think tightening their belts is what caused them to say it's not going too well.
We could have done better to be honest. otherwise, the best of us won't be leaving this country and be of service to foreigners.
but coming from you're view at least there is hope and chance that our country will some day step up and grow. i hope in a positive way and not too late.
1 person likes this
@babyanna (1216)
• China
24 Jun 11
Hi,Letran!
I think they are not the problems which only exist in Philippines.Corruption is almost everywhere.Where there is power,there is corruption.Greed is something usually comes along with power.We need a well-developed law system to prevent and punish corruption.Keep some faith,pal.
@LetranKnight25 (33121)
• Philippines
24 Jun 11
Hello babyanna,
Well, it all comes down to the discipline. if people are not into obeying laws, then such perfect law is nothing more than just a waste. i agree, greedy comes a long when a man doesn't want to let go of that power. unfortunately, for mantis, he's right but
@babyanna (1216)
• China
24 Jun 11
Hi,Letran!
Well,it's not that I don't believe in self-discipline.But most of the time,we need something to restrain us.Like the laws in Singapore,they are severe and thus proven to be effective.But yeah,greed does come along when he is not willing to let go,but unfortunately,yeah,mantis is right.Haha.
@mantis36 (4219)
• Philippines
24 Jun 11
just what i said before,
that if you are now in the position where the army are yours,
the power are yours,
the money are yours,
the command are yours,
won't you grab that opportunity to have something to yourself because this is only once in a lifetime?
for example:
the people of the Philippines cannot blame me because i already paid them all for voting me during elections....
@louievill (28851)
• Philippines
24 Jun 11
I think Philippine economy is a little better now than the previous administration so it's a little bit on the rise but so is our population, so the lift is equal to the pull so we remain the same way "zero", unless the poor sector control their number of children, it will only drain our resources and whatever gain we make .
@LetranKnight25 (33121)
• Philippines
24 Jun 11
Hello louievill,
Actually, there was a moment where the economy back then was better because i get to have different kind of jobs with benefits added. but as time goes by the procedure in getting more into the application after i was laid it become very much harder than before. yeah, the poor doesn't understand that we become poor because the government needs to a tend to those who are in the poor living...not having enough funds, causing more drain.
@louievill (28851)
• Philippines
24 Jun 11
I would still say we have plateaued but leaning more towards the bad, this is a precarious situation especially if we and government mishandle ourselves, let's all give it a little push towards the up..one... two...
@LetranKnight25 (33121)
• Philippines
24 Jun 11
Hello mantis, am not if beyond 43=1$ is higher change or lower. actually the 50php = 1$ was a lot more high to me. i should have earned a lot more then.
@louievill (28851)
• Philippines
24 Jun 11
The dollar exchange rate is more of a reflection of our big brother's financial state and not necessarily a reflection of our own stability, in fact a weakened green buck might not be good for us with all those OFWs we have earning in dollars. How about online earnings? are they not in dollars too?(just kidding)
@jeanneyvonne (5501)
• Philippines
24 Jun 11
I think it depedns on who you ask. Economists will have their say, workers will have theirs, the government will have their prepared statistics and other people who are critically involved in the economy. Most of the responses would say that it is stagnant or it's getting lower than the previous day. Even if the economy is rising, I doubt everybody will claim that it helps for their livelihood. They will just shrug it off as if the good economy is entitled to them. As you mentioned, we have some serious problems and most of them are connected to the economy. Perhaps we need some serious people in the government and society who are really committed in solving the problem and not just standing by.
@LetranKnight25 (33121)
• Philippines
24 Jun 11
Hello Jeane,
I agree with you, they have different opinions base on their experiences. more expenses are coming up rising while salary is almost the same. i kept telling my brother about mylot but they both just Don't LISTEN. before he was proud of his salary but now even her wife complains about how low it is.
@AgentGulaman (3546)
• Philippines
24 Jun 11
At best that I can say is the Philippine economy is pretty unstable. As of the moment, I am trying to learn investments and stocks. The trend of the stock market is unstable, also consumer confidence is decreasing. Another thing is the popularity rating of our President is on the downfall. This are indicators of the economy. Also, just the other month or two, BSP hiked interest rates to combat inflation. Another indicator of unstable economy which may go up or down. In my prediction, the Philippine economy will be affected by the rainy season, hence will either fluctuate or go down. Signs of moving up economy will be seen when the influx of OFW earnings will enter the Philippines around later this year. If the government would be able to solve the problems in the Philippines like corruption, the confidence of the Filipino people will eventually be the driving force for a good and stable economy.
@LetranKnight25 (33121)
• Philippines
24 Jun 11
Hello Agent,
I don't know much about the stock market, i want to learn there as well. just like my brother who also wants to learn but it seemed complicated to us because we don't know much about the buying power of the people because of the economic situation on other places accross the world. solving problems like that is really gonna take time
@AgentGulaman (3546)
• Philippines
24 Jun 11
I'm really not an expert as I am still trying to learn my way in investing in stocks too. It is quite complicated at first but once you get the hang of it, it'll be great. I've been trying to read a lot of books and materials pertaining to stocks. In my opinion, if more and more people in the Philippines learns how to invest money, our economy will surely grow. Money should be circulated for the economy to be healthy and investing in stocks is a good instrument to do so.