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Thread: Rodrigo Duterte

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    President Rodrigo Duterte keeps local and international politicians toes to the fire.

    America Needs The Philippines More Than The Philippines Needs America – Duterte Has Made it So

    https://www.eurasiafuture.com/2018/0...as-made-it-so/



    Duterte Exposes How he Tricked Exiled Terror Leader Into Spreading Coma Rumour

    https://www.eurasiafuture.com/2018/0...g-coma-rumour/
    A tray full of GOLD is not worth a moment in time.

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    Much of the foreign investment has been made possible due to President Duterte’s outreach to new foreign partners. Duterte’s agreement to work jointly with China over previously disputed areas in the South China Sea has clearly played an important role in building trust with Beijing and turning a country that had historically poor relations with modern Philippines into a valued investment partner. As China is now the leading investment partner for countries throughout the world, Duterte’s Sinophobic opponents have been exposed for their myopic economic stupidity that would see The Philippines lose out on opportunities that countries in every other continent are using to their advantage.
    No pro-Chinky slant on that website, eh?

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    SWS: Number of Filipinos satisfied with Duterte’s performance increases



    "More Filipinos are satisfied with President Rodrigo Duterte’s performance as shown in the Social Weather Stations (SWS) survey for the third quarter of 2018. In survey conducted from Sept. 15 to 23, about 70 percent of adult Filipinos were satisfied, 16 percent were dissatisfied while 14 percent were undecided.

    This was five points higher than the June 2018 survey result showing only 65 percent were satisfied. Meanwhile, 20 percent were dissatisfied and 15 percent were undecided last June 2018.





    Duterte’s net satisfaction rating was “good” in Balance Luzon with +49 (67 percent Filipinos satisfied and 18 percent were dissatisfied) compared with 57 percent Filipinos satisfied and 24 percent were dissatisfied in June 2018.






    It also remained “good” in Visayas at +49 with 69 percent were satisfied and 20 percent were dissatisfied, higher than June 2018’s rating of +47 with 67 percent were satisfied and 20 percent were dissatisfied.

    Meanwhile, the rating stayed excellent in Mindanao at +77 (82 percent satisfied,




    Duterte’s satisfaction rating among 18 to 24 age group fell at +49 with 68 percent satisfied and 19 percent dissatisfied from June 2018 at +50 with 68 percent satisfied and 18 percent dissatisfied.

    Among 25 to 34 year olds, Duterte’s satisfaction rating climbed up at +59 with 72 percent satisfied and 14 percent dissatisfied compared with June 2018’s +43 with 65 percent satisfied and 22 percent dissatisfied.




    It also rose to 8 points among 35 to 44 year olds at +54 with 70 percent satisfied and 16 percent dissatisfied compared with June 2018’s +46 with 65 percent satisfied and 19 percent dissatisfied.

    For 45 to 54 year olds, the rating was at +56 with 71 percent satisfied and 15 percent dissatisfied compared with June 2018’s +47 with 64 percent satisfied and 17 percent dissatisfied.

    For the 55 and older age group, rating was at +50 with 68 percent satisfied and 18 percent dissatisfied while in June 2018 the rating was from +44 with 65 percent satisfied and 22 percent dissatisfied.
    A face-to-face interview with 1,500 adults of 18 years old and above was conducted for the September 2018 survey. There were 600 adults interviewed in Balance Luzon, 300 each in Metro Manila, Visayas and Mindanao.

    It has a sampling error margins of ±3% for national percentages, ±4% for Balance Luzon and ±6% each for Metro Manila, Visayas and Mindanao.

    https://newsinfo.inquirer.net/103747...box=1538207793
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    Duterte creates council to revive barter trade in Mindanao



    "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."

    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."

    https://www.philstar.com/business/20...trade-mindanao


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    Quote Originally Posted by OhOh View Post
    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.


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    ^One presumes whoever is in charge of the Philippine Department of Trade and Industry.

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    The Philippines' Per-Capita GDP Has Reached An All-Time High Under Duterte

    Philippines President Rodrigo Duterte has a terrible human rights record. But the average Filipino is doing better under Duterte.
    When it comes to per-capita gross domestic product (GDP), that is. That’s a measure of the total output of a country divided by the number of people in that country.

    The Philippines’ per-capita GDP was last recorded at an all-time high of 2,891.36 U.S. dollars in 2017, according to Tradingeconomics.com. That’s well above the average of 1,627.98 USD for the period 1960-2017.

    Also, Filipinos are doing better under Duterte when per-capita GDP is adjusted by purchasing power parity (PPP). That measure, too, reached a record 7,599.19 U.S. dollars in 2017, well above the average of 4969.71 USD for the period 1990-2017.

    Statistic 2015 2017
    Per Capita GDP $2615.7 $2891.36
    Per Capita GDP PPP 6874.4 7599.19
    GDP Annual Growth Rate 6.5% 7.2%
    Source: Tradingeconomics.com 10/26/2018

    To be fair, comparing per-capita GDP in USD for different time periods is a tricky exercise. Numbers can be distorted by population growth and currency fluctuations. For instance, the climb in the Philippines per capita GDP has been helped by a slow-down in population growth. It's also an ongoing trend that can be traced back to the Aquino administration, which brought macroeconomic stability.

    “Aquino is delegating power to competent technocrats and seems to understand what needs to be done to get the lights back on,” wrote Ruchir Sharma in Break Out Nations.
    Macroeconomic stability has helped the Philippines economy demonstrate a great deal of resilience in recent years. At the end of 2017, it grew at an annual 6.9% in the September quarter. That’s the strongest growth since the third quarter 2016. And the Philippines’ economy was still growing at 6% at the end of 2018.

    Tracing per-capita GDP growth back to the Aquino period certainly raises the question: Who should take credit for the record per-capita GDP, Aquino or Duterte?

    Meanwhile, a recent McKinsey Global Institute (MGI) study places the Philippines among the few emerging market economies that are well-prepared to achieve sustained growth over the next decade.

    That's thanks to a rise in gross fixed-capital formation (investment). It reached 695,414.08 PHP million in the second quarter of 2018 from roughly 450,000 PHP million in July of 2015--well above the 303,138.16 PHP million for the period 1998 until 2018, and an all-time high.

    Still, the Philippines’ per-capita GDP is equivalent to 23% of the world's average, which makes Filipinos poor. And a resurgence in the cost of living in recent months makes things worse for them. The Philippines' annual inflation rate rose to 6.7% in September of 2018 from 6.4% in the August, and compared to market expectations of 6.8%


    https://www.forbes.com/sites/panosmo...M#33b5530169b1

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