August YoY spending rises 13.9 percent versus January to August 9.8 percent

 


National government disbursements showed an uptick for August 2017 of 13.9 percent, year on year, while spending on January to August hit 9.8 percent. The growth in spending is seen to boost the government’s economic agenda and promote the swift delivery of public services.

 

The Department of Budget and Management said  state spending totaled P201.6 billion in August 2017, up from P177 billion last year. The growth of capital outlays (CO) paced the robust spending in August as it rose by 22.6 percent to reach P51.6 billion. Meanwhile, current operating expenditures (COE) increased by 10.3 percent to reach…

Read more: August YoY spending rises 13.9 percent versus January to August 9.8 percent

How an unskilled construction worker earned six digit dollar income a year

 

By Rose de la Cruz

 

A hot and trending feature story from Australia’s Financial Observer narrated how an unskilled Filipino construction worker earned six digit dollar income a year right from his bedroom. The story is worth sharing here.

 

Armando Santos of Pasay City had to quit schooling after high school to support his parents and five other siblings by finding a job. He did find it easy, as a construction worker for two years. But when he discovered his income was not growing as fast as the cost of living, he started reflecting on other options.…

Read more: How an unskilled construction worker earned six digit dollar income a year

The P25-B “Rob”

Telco business in the country is a duopoly that it is able to abuse its market. Lucky for them, Filipinos are Facebook crazy, losing pesos of unused prepaid load is being tolerated if not unnoticed. 

Considering the millions of cellphone users in the country, load “theft” can easily run to tens of millions a day. I was a victim of this, as millions others. I paid for a hundred-peso load and used only my prepaid phone one time for less than a minute. The second time I used it I got an advisory, what was left in my load…

Read more: The P25-B “Rob”

Crypto currency Coinlancer sets foot in the Philippines

 

By Rose de la Cruz

With more Filipinos taking in home-based parttime jobs as freelancers for foreign-based online outfits, freelancing is a fast growing sector that internet-based currency dealers/coiners are entering such as Coinlancer that was introduced today to the media and later in the afternoon to varied audiences. 

Coinlancer is a new cryptocurrency founded in the British Virgin Islands (a known haven for money launderers) but with an operations office in Dubai that allows freelancers to trade, invest and buy products or services using its Blockchain technology platform.  The technology allows freelancers easy, convenient and safe way of doing business.…

Read more: Crypto currency Coinlancer sets foot in the Philippines

Foreign businesses still confident on Ph business climate

 

By Rose de la Cruz

 

The National Economic and Development Authority (NEDA) dispelled claims that foreign businesses are leaving the Philippines saying the foreign investors remain confident of doing business here despite the 14 percent decline in foreign direct investments (FDI) in the first half of 2017.

 

It also clarified that foreign equity placements, which Senate minority leader Franklin Drilon pointed out during the Senate interpellation last week on NEDA's proposed budget, is only a component of total FDI. Other components of FDI are reinvestment of earnings and intra-company loans or debt instruments.

 

Data released by…

Read more: Foreign businesses still confident on Ph business climate

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