7 percent is not enough: Govt urged to strive for higher GDP

By Bernard Badilla -Toledo, Reporter

INDEPENDENT research group IBON Foundation has dared the Duterte government to aim for a higher Gross Domestic Product (GDP) growth than the 7 per cent that was attained by the past Aquino administration if it wants to strengthen the economy and provide the basic needs of the poor.

IBON also warned that the current administration could be staring at more economic troubles in the next months to come if it would simply be satisfied with the GDP left by the past administration.

GDP is defined as the total value of all the products and services…

Read more: 7 percent is not enough: Govt urged to strive for higher GDP

Ongpin is just a ‘bat’, Digong must catch ‘Dracula’
The nearly-completed NAIA Expressway project. Photo from Skyscrapercity.com

By Ray L. Junia, Publisher

Is this true? A conglomerate is finding it hard to write off P18 -Billion combined losses from its mining and communications operations.

This is causing a headache to its foreign principal who has lately caught the attention of President Duterte.

The conglomerate has changed logos and names to appease the ‘Gods’. But it looks like even those are not working.

My advice to this foreign principal: stop sucking blood from Filipinos and the ‘Gods’ may smile again at his enterprises.

This foreign principal should be a “supreme…

Read more: Ongpin is just a ‘bat’, Digong must catch ‘Dracula’

Exports drop for 15th straight month

ECONOMIC planners have raised alarm bells as the drop in merchandise exports fell 11.4 percent in June – the 15th consecutive months that it happened mainly due to the persistent weak demand from major markets.

National Economic and Development Authority (NEDA) citing reports from Philippine Statistics Authority (PSA) data, said total export receipts fell to US $4.8 billion last June from US $5.4 billion in the same month last year due to lower sales in the nine major commodities out of the top ten export commodities for the month.

These include mineral products; machinery and transport equipment;…

Read more: Exports drop for 15th straight month

Buffett’s Berkshire is Moving on Tech

LIKE many people, I like Warren. I love his stodgy, old-fashioned ways, “If you don't feel comfortable owning something for 10 years, then don't own it for 10 minutes.”

For many years Warren avoided the tech companies. After the DotCom crash of 2000 to 2002, when the Nasdaq Composite lost 78%, he seemed like the sage everyone said he was.

He did not pick up value style companies in the e-commerce space. Even in that tech implosion event he went after the classic tech players such as GE and IBM.

He did not invest in the hyper bust Pets.Com…

Read more: Buffett’s Berkshire is Moving on Tech

 Al Amanah as Key to Mindanao Progress

By Juan Miguel Plaridel

Kuala Lumpur – The Philippines as an Independent State has access to the Organization of Islamic Countries (OIC) and the Government of the Philippines thru the incumbent President Rody Duterte, must take into account untapped capital resources from Middle East, Latin America and East European Markets.

The Middle East financial market is more than capable because existing financial and capital markets like that of Syria, Libya, Iraq and Afghanistan are under performing.

The equities market be it debt equity or capital equity markets can withdraw so much funds from the Middle East Market and transfer them in…

Read more: Al Amanah as Key to Mindanao Progress

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