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PostPosted: Sat Oct 27, 2018 1:24 pm 
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JABEZJ wrote:
Boracay is now officially open!!!

Thanks Digong...


salamat Bam A !!! :lol: :lol: :lol:

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PostPosted: Wed Oct 31, 2018 8:13 am 
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AFP takes over BOC!!!


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PostPosted: Wed Oct 31, 2018 1:36 pm 
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JABEZJ wrote:
AFP takes over BOC!!!


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ayaw ng mga makabayan nyan... reklamo at iyakan sila :shock:

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PostPosted: Wed Oct 31, 2018 7:09 pm 
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dapat #1 most corrupt department/bureau/agency pa rin ang BOC after sa term ni Digong... sayang naman ung naipundar ng mga nakaraang administrasyon.

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PostPosted: Wed Oct 31, 2018 10:42 pm 
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Sana magwork Ito to d point of thei govt expectations.
Kahit naman sundalo, pwedeng corrupt... Hopefully that integrity thing would kick in before the temptation to easy money.

BOC= Bureau of Corruption
Back more than a decade ago, around 100k ang recruitment fee kung wala ka mataas na kapit or if you want to make sure of a post in a good pier around the metro. Mga ungas and nagbabayad para makapasok tsaka babawiin sa loob.

:lol:


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PostPosted: Thu Nov 01, 2018 3:52 am 
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Duterte's first foreign investment negative list out

Ian Nicolas Cigaral (philstar.com) - October 31, 2018 - 2:46pm


MANILA, Philippines — Malacañang on Wednesday released the updated list of investment areas and activities that are closed or limited to foreign investors—the first under the Duterte administration and is touted as the “most liberal” thus far.

President Rodrigo Duterte on October 29 signed Executive Order 65 promulgating the much-awaited eleventh foreign investment negative list, or FINL.

In the Philippines, the Constitution bars foreigners from owning mass media companies and limits foreign ownership of public utilities to 40 percent. Restrictions on foreign ownership cannot be all lifted administratively as several prohibitions need legislative action.

Under Duterte’s version of the FINL, foreign investors are still prohibited from participating in mass media, except recording and “internet business.” The updated foreign negative list defines “internet business” as internet access providers that merely serve as carriers for transmitting messages and are not engaged in creation of information.

In terms of practice of professions, foreigners may now teach at higher education levels “provided the subject being taught is not a professional subject” like those included in a government board or bar examination.

The 40 percent foreign ownership cap for public utilities remains, but not including “power generation and the supply of electricity to the contestable market.”

Meanwhile, contracts for construction and repair of locally-funded public works are now open to up to 40 percent foreign equity from 25 percent previously. Forty percent foreign ownership has also been allowed for private radio communications network sector from 20 percent before.

Despite being one of the region’s fastest growing economies, the Philippines has lagged most of its neighbors in Southeast Asia in terms of capturing foreign direct investments partly due to the country’s foreign ownership restrictions, as protected by its Constitution.

In the region, Singapore has attracted and received much of the FDIs since the 2008 global financial crisis, while the Philippines and Indonesia still get a relatively small chunk of inflows.

Data from the Bangko Sentral ng Pilipinas show net FDI inflows spiked to $914 million in July, up nearly triple the $344 million posted in the same month in 2017.

For the first seven months of the year, FDI inflows jumped 52.1 percent to $6.7 billion, still below the BSP’s $9.2 billion full-year forecast for 2018.

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PostPosted: Thu Nov 01, 2018 3:53 am 
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Duterte creates council to revive barter trade in Mindanao

(philstar.com) - October 31, 2018 - 4:41pm


MANILA, Philippines — President Rodrigo Duterte has signed Executive Order No. 64, which formalizes barter trade in Mindanao with neighbors in the East ASEAN Growth Area.

The president's EO, which was signed on Tuesday, but released to the media on Wednesday, said "barter is an ancient commercial practice among our people in the southern Philippines, which continues to thrive and evolve as a living tradition until the present day."

LOOK | Pres. Duterte issues an executive order reviving the barter system in Mindanao. pic.twitter.com/nLGBBpCftH

— ONE News PH (@onenewsph) October 31, 2018

It also said that barter has been a major form of commercial exchange in the Brunei Darussalam-Indonesia-Malaysia-Philippines East ASEAN Growth Area

The EO creates the Mindanao Barter Council, which will be based in Jolo, Sulu and will be chaired by the Department of Trade and Industry. It is tasked with "[establishing] an enabling environment conducive to the growth and development of barter in Mindanao."

It would also regulate the registration and accreditation of qualified traders authorized to engage in barter "within the barter ports" in Siasi and Jolo in Sulu and Bongao in Tawi-Tawi. The MBC can recommend the creation of barter ports in other areas, subject to approval by the president.

'Barter' to address rice supply issues
Duterte had previously suggested "reviving" the barter trade to deal with problems with rice supply in Mindanao.

Shortly after his announcement, he had directed Finance Secretary Carlos Dominguez to implement the barter trade system in Zamboanga, Basilan, Sulu and Tawi-Tawi (Zambasulta) areas, where goods from Sabah, Malaysia are usually traded.

Aside from high inflation, cutting off rice smuggling from Malaysia—which was being sold at about P34 per kilo—sent rice prices in the Zambasulta region skyrocketing and prompted a suggestion to "legalize smuggling".

"President Duterte said he supports the re-establishment of the barter trading center in Tawi-Tawi and of bringing in rice from Sabah to supply the needs of the people in the islands provided it follows legal processes," Agriculture Secretary Emmanuel Piñol said in September.

Reopening the barter trade, and moves to bring in more rice into the market are expected to stabilize wholesale rice prices in the country to about P37 to P39 per kilo soon.

According to the Philippine Statistics Authority, wholesale price of rice was around P45.45 per kilo as of October. This is still about 16 percent higher than the P39.24 per kilo level the same period last year.

But even before Duterte brought it up, the Mindanao Development Authority had proposed in February that reviving the barter trade would "help create jobs and business opportunities for the Bangsamoro in Mindanao, [and] provide better options for them in their pursuit for better life, enhance agro-industrial productivity, and promote trade and commerce between and among the member countries of EAGA." — Ryan Macasero

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PostPosted: Thu Nov 01, 2018 3:54 am 
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Foreign investments jump 42% in first half of 2018
Lawrence Agcaoili (The Philippine Star) - September 11, 2018 - 12:00am


MANILA, Philippines — Foreign direct investments (FDI) continued to flow into the country on the back of strong macroconomic fundamentals and growth prospects, rising by more than 42 percent to $5.75 billion in the first half from $4.04 billion a year ago, according to the Bangko Sentral ng Pilipinas.

The inflows from January to June already accounted for more than half of the full-year FDI inflow target of $9.2 billion set by the BSP.

“The continued inflows of FDI indicate investor confidence in the Philippine eco-nomy on the back of strong macroeconomic fundamentals and growth prospects,” the central bank said.

“Our solid macroeconomic fundamentals and growth prospects are attested to by continued favorable investor sentiment. Foreign direct investments continue to grow. Sovereign credit ratings remain favorable,” BSP Governor Nestor Espenilla Jr. said earlier.

In particular, Espenilla said the FDI-to-gross domestic product ratio improved to 3.2 percent in 2017 from 1.6 percent in 2005.

“Notwithstanding global and domestic challenges, the Philippine economy has cemented its resilience and has built buffers over the years,” he added.

Net equity capital investments amounted to $1.58 billion in the first half, almost eight times the $201 million recorded in the same period last year.

Equity placements by investors from Singapore, Hong Kong, China, Japan, and the US amounted to $1.75 billion from January to June, more than three times the $508 million recorded in the same period last year, while withdrawals fell by 47 percent to $163 million from $307 million.

The inflows went to manufacturing, financial, and insurance; real estate; arts, entertainment, and recreation; as well as electricity, gas, steam, and airconditioning supply activities.

Meanwhile, reinvestment of earnings remained steady at $420 million, while investments in debt instruments increased by 9.6 percent to $3.75 billion from $3.42 billion.

For June alone, the BSP said FDI inflows rose by 9.2 percent to $831 million from $761 million in the same month last year.

“This was largely on account of non-residents’ net equity capital investments of $184 million during the month, which was a turnaround from the $67 million net withdrawals in June 2017,” it said.

The BSP traced the improvement in net equity capital investments to the 83.6 percent expansion in gross placements of equity capital to $208 million, which more than offset withdrawals of $24 million.

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PostPosted: Thu Nov 01, 2018 3:55 am 
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Job-generating FDIs more than double in July
Ian Nicolas Cigaral (philstar.com) - October 10, 2018 - 6:42pm

MANILA, Philippines — Foreign direct investments inflows more than doubled in July, supported by strong investor optimism towards the Philippines, the Bangko Sentral ng Pilipinas reported Wednesday.

Net FDI inflows spiked to $914 million in July, up nearly triple the $344 million posted in the same month in 2017.

’For the first seven months of the year, FDI inflows jumped 52.1 percent to $6.7 billion, still below the BSP’s $9.2 billion full-year forecast for 2018.

According to the BSP, the bulk of the FDIs for the month were in the form of intercompany borrowings between foreign direct investors and their subsidiaries in the Philippines, which grew to $584 million against $136 million in the same period last year.

Meanwhile, new FDIs that entered in the country in July hit $261 million from $137 million year-on-year, on the back of 60.6 percent increase in equity capital placements and a 52.3 percent decline in investments that headed for the exit.

Top sources of investment

Investors from Singapore, Taiwan, the United States, Korea and Japan were the biggest sources of fresh capital in April, the BSP said. Funds went to manufacturing; financial and insurance; real estate; wholesale and retail trade; and administrative and support service activities.

“This reflected the continued positive investor sentiment on the Philippine economy on the back of strong macroeconomic fundamentals and growth prospects,” the central bank said in a statement.

Job-generating FDIs are a key source of capital for the country’s economy as they provide opportunities for business expansion.

Officials want to attract more FDIs, not only keep existing ones, as they tend to stay longer than “hot money” that come and go with ease.

In June, London-based Capital Economics warned that President Rodrigo Duterte’s erratic and crass leadership style could put off investors, adding that poor leadership and political uncertainty could derail the country’s economic growth momentum.

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PostPosted: Thu Nov 01, 2018 2:47 pm 
8)


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PostPosted: Fri Nov 02, 2018 2:02 pm 
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Thank you Bam Aquino..

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Expect ‘brand new’ MRT3 after Japan-funded rehab, says DOTr exec

Jimenez, Raffy


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Commuters can expect better services and facilities once the Japanese loan-funded rehabilitation of the glitch-plagued Metro Rail Transit Line 3 is finished, a top official of the Department of Transportation (DOTr) said Friday.

"Kapag natapos ang rehab na ito parang meron tayong brand new MRT3," Transportation Undersecretary for Railways Timothy John Batan said in an interview on GMA News TV's News to Go.

Batan earlier said the governments of the Philippines and Japan are set to sign the P18-billion loan agreement for the rehabilitation and maintenance of MRT3 on November 7.

The loan agreement will pave the way for the return of Sumitomo-Mitsubishi Heavy Industries—the designer and builder of the railway system—as the maintenance contractor of the MRT3.

The rehabilitation will cover the trains, the radio system, the CCTV system, the signaling system, the power supply system, and the public address system.

The contractor is also expected to fix the rail tracks, road rail vehicles, depot equipment, elevators and escalators, and other station-building equipment.

"'Yung scope of work ng JICA (Japan International Cooperation Agency) rehab ay 'yung ayusin lahat ng kailangan ayusin sa MRT3 para ma-restore sa original designed and condition nito. Covered 'yun lahat gaya ng overhauling ng 72 na bagon, total reconditioned sa mga riles natin pati ung power supply ia-upgrade, 'yung signalling system at CCTV natin papalitan," Batan said.

"Isa 'yun sa dahilan kung bakit natin kinuha ang unang nag-design at nag-construct, dahil sa nangyari sa MRT3, sa kundisyon niya ngayon ay maraming sira at maramig ayusin, ang solusyon ay kunin ang original na designer at developers ng MRT3," the DOTr official said.

The overall rehabilitation of MRT3 is expected to take 43 months—31 months for simultaneous rehabilitation and maintenance works and 12 months for the contractor’s "defect liability period." — Ted Cordero/RSJ, GMA News

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PostPosted: Fri Nov 02, 2018 3:44 pm 
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Walang rin along tiwala say mga AFP maraming kurakot dyan..after 6 month dapat ibalik sa newly trained civilian authority Ang BOc

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PostPosted: Fri Nov 02, 2018 4:16 pm 
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Hayaan lang muna gawan ng paraan ang malalim na ugat ng corruption sa BOC. Mabuti na yan kesa walang ginagawang drastic moves. :biglaugh:

Ilang presidente na nagdaan walang nagawa diyan dahil madaming nakikinabang. Yung mga puna ng puna na wala naman mabigay na solusyon kahit nung panahon nila eh umiepal lang mga yun. :lol: :lol: :lol:

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PostPosted: Fri Nov 02, 2018 6:35 pm 
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ibigay, ipa-bid at i-award yang total control sa BOC sa isang private company...

kasi kapag may mga lumusot na illegal na mga shipments, pueding kasuhan ng gobyerno ang kompanyang un... puede rin kasuhan ng madla (by way of class action suit) ung kompanyang un sa mga katiwalian. as long as solido ang mga ebidensya...

hirap ksi ngayon walang napaparusan... ginagawang gatasan ng media mileage in aid of legislation ang mga senate inquiry... ever since na nagkaroon media coverage sa hall...

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PostPosted: Sun Nov 04, 2018 11:27 am 
IceColdBeer wrote:
Hayaan lang muna gawan ng paraan ang malalim na ugat ng corruption sa BOC. Mabuti na yan kesa walang ginagawang drastic moves. :biglaugh:

Ilang presidente na nagdaan walang nagawa diyan dahil madaming nakikinabang. Yung mga puna ng puna na wala naman mabigay na solusyon kahit nung panahon nila eh umiepal lang mga yun. :lol: :lol: :lol:




boooom panot! brad :lol: :lol: :lol: :lol: :lol:


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