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Bongbong Marcos Learns from Father: Stop Demonizing Du30 with Debts and Look at the Actual Infrastructure Investment Record

Debts





welcome By: Elena Grace Flores

Bongbong Marcos remembers how the opposition demonizes his father during his previous visit at the Malacañan Palace. The late President Ferdinand E. Marcos was accused of being the man that he never was, according to his son. They are doing the same thing with President Rodrigo Du30. Most commercial media speculates about the ballooning of the country’s debts, selling bonds to China and borrowing allegedly large sums of money from them. The President’s proposed budget for next year is 3.77 trillion pesos including the “Build Build Build” infrastructure projects. He admits that there are lots of offers for foreign loans but so far, the Asian Development Bank spearheads the investment side of the development. In actuality, the World Bank reserves would be more than enough to fund all the developments in the country.






Youtube video by;  Bongbong Marcos

[VIDEO]:  Marcos Back In Malacañan




Investments are Not Debts

President Du30 witnesses the signing of an estimated $9.5 billion worth of investment agreements with Chinese businessmen. This could generate some 10,800 jobs for Filipinos. He appreciates the investment pledges as a sign of the “vigorous momentum” of Philippines-China ties. Then stresses the importance of further developing economic cooperation with China. The Philippines focuses on agriculture, fisheries, infrastructure and public works, energy, trade, as well as e-commerce, industrial park development, MSMEs (medium, small and micro enterprises), processing, manufacturing and tourism. The Chinese investments in these areas are mere business deals and not loans.




Chinese Confidence in Trade

Trade Undersecretary Rowel Barba confirms the increasing Chinese confidence in the Philippine economy and their belief that the country could sustain its 6.7-percent economic growth for the next five years. In fact, the number of Chinese businessmen formalizing their interest to invest in the Philippines increases. A delegation visits the country to explore other businesses. This is taken by the detractors as China’s invasion of the country.

Reclamation and Not the MRT for the Chinese Investors

The biggest investment plan in the Philippines comes from the Shangai GeoHarbour Group. It earmarks the $3.46 billion for land reclamation, sludge remediation, and land development. They only won the bidding for the Manila-Clark MRT’s construction supply like cement because Japan cannot beat their competitive prices.









Demonizing Du30 to Stop Marcos

It is clear that the infrastructure of the opposition that destroyed the reputation of former President Marcos is out to malign the current President who favors his son. This time, the likely heir to the presidential throne is more than ready to counteract those fake news against him and his allies. There are also battles detected in the major branches of government. Sol. Gen. Jose Calida pushes the Supreme Court to honor their 40% own ruling for the vote shades. Interpolations are also ongoing between pro and anti-Marcos solons for his victory as VP in the 2016 elections. Congressman Lito Atienza fights for Marcos’ side in the Congress.




$9.5B in Chinese investment deals to create 10,800 PH jobs




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Securing your Financial Future



gynn

By: Gynn Flores

 

Financial FutureIt is not how much you earn but how much you keep that can secure your financial future. There are a lot of us who earn a lot but are still buried with debts like personal loans and payday advances making their take home pay very meager. Having many liabilities will make you incur interest expense which can make your take home pay much smaller. On the contrary, some people earn minimal amount only but are more financially stable as they are debt-free. Sometimes, rank and file employees are richer than managers in terms of liquidity.

Although it is not bad to avail of credit facilities for emergencies, they should not be used just to fund luxuries that are definitely not basic needs. We have to bear in mind that times are hard and incurring debts unnecessarily is not practical. We should prioritize securing our financial future than engaging in worldly things we can’t afford. There are several options on how to attain financial stability:

  • Save at least 20% of your monthly income. Set this aside in a separate bank account that you are not supposed to touch. Treat it as if it is money already spent and therefore no longer yours to spend.
  • Invest in the stock market. You can start small here contrary to what we perceive – that we should have a substantial amount before we can get started. This is meant to be a long-term investment – so do not expect to be able to pull out your money anytime. Putting your passive income for 20 years in this manner can even make you rich. In times of crisis, do not panic, in fact it is time to buy stocks from good companies while the prices are low.
  • Pay off loans that have high interest rates. This automatically gives you savings from paying big interest. Credit cards when left unpaid on due date will make you incur late payment charges and penalties in addition to finance charges. Manage credits well to avoid incurring additional expenses. Most of your payments should cover the principal amount and not just the interest and penalties. If you can afford it, paying in advance can also build-up your good financial status.

  • Buy a rent-to-own house- where the rentals you are paying now can be part of your monthly amortization. In some instances your rental expense is enough to pay the amortization. Instead of incurring an expense, it automatically becomes an investment.

When you have started on building up your wealth, you can’t help but experience a sense of hope and excitement. Gone are the insecurities and worries in your mind instead,you’ll feel like winning a battle in your life. It is therefore important that you take charge of your finances and don’t leave it to chance. Start now and change the entire direction of your financial future to make your dreams come true. Rather than touching your investments when the need arises, you can avail of personal loans but make sure that you prioritize on paying these on your next pay check.

Image Source: My Money Avenues