Implementing what Works for the Economy
Bongbong Marcos reviews the works and visions of his father. This is during his 104th birthday recently. He highlights the major components that can progress the economy. Agriculture and infrastructure are now way too familiar. Healthcare and education are in the front seat due to the pandemic. Industrialization is worth exploring.
Direct Food System
The Kadiwa direct food distribution system was a hit during the late president Ferdinand Marcos’ time. A nation can only flourish if its citizens are nourished. Importing foodstuff must be minimized. Instead, food production through the agricultural sector must be a priority. Together with advanced researches to improve harvests. Coupled with the technology-enhanced education system.
To explore natural energy is always on the table during the Marcos regime. In fact, the windmills only exist in the Marcos bailiwick, Ilocos Norte. Since everything is now dependent on the internet, its infrastructure must also improve together with the needs, Bongbong Marcos said. Solar power is also something that needs to grow in number. Plus the development of environmentally-friendly fuel for healthier Philipines.
BBM: Total Lockdown is Disastrous to the Economy
BBM or Bongbong Marcos said that granular lockdown is essential to certain LGUs with the rising number of Covid-19 infections only. Total lockdown brings financial worries to the people. Since the government cannot give financial assistance anymore, fully vaccinated individuals must be free to work. This can re-start the economy during the pandemic. Also, people’s financial worries can ease up. Not having food on the table for their families is very depressing.
The Economy is Crucial for Families
The reason why the government is speeding up the vaccination process is for the people to move freely. Work must be the next priority after safety, Marcos suggested. Individuals who cannot adapt to the digital profession must continue to do or seek for their expertise outside. Therefore, it’s time to relax restrictions to fully vaccinated Filipinos.
Retain Quality Healthcare
The government’s COVID-19 hazard pay covers public health workers. Whereas, the special risk allowance is for health workers in public and private facilities. They have families too. On top of the risks. It’s the first time in history that medical workers rally on this. Since it’s already done, the DOH must pay at once, Marcos suggested. So, there should not be more delays to retain quality healthcare.
The US connived with the anti-Marcos to stop the late President Ferdinand Marcos’ independent trade plan.
Take note of the public services. Marcos made it a point that the electricity and water are owned by the government. The infrastructure projects also cost a lot more than the nation’s budget. The construction of roads, bridges, and highways was massive nationwide. World-class hospitals and reputable universities are still in use up to this date. The economy was thriving. Where did the funds come from?
World Bank Loans
Borrowings from the World Bank were criticized by his detractors. But why up to the present, the Philippines can still borrow with almost zero interest rate? They may be some truths about Marcos’ capital at the World Bank. In fact the 10 million doses of Covid-19 vaccines from Pfizer are funded by the World Bank and ADB. Just like the Build Build Build project of President Rodrigo Duterte with Marcos’ blue print.
The US’ Hand to Topple Marcos
The infamous EDSA Revolution that turned out to be a hoax according to former Senator Juan Ponce Enrile was proof of the US’ connivance with the anti-Marcos. Enrile said that it was a mere mutiny. Marcos asked for it to make the people safe. But the late President Corazon Aquino’s party benefitted from it. Do you know that it was the Americans who masterminded the exile of Marcos’ family in Hawaii? If the Philippines really has the gold, it’s likely to control the world.
YouTube video by INQUIRER.net Dominguez rebuts Marcos on Masagana 99 feat: ‘I cleaned up the mess’
Masagana 99’s Success Differs in Sectors
Finance Secretary Carlos “Sonny” Dominguez III and Senator Imee Marcos had a brief disagreement on the “success” of Masagana 99 as they try to revive the economy. It is where the former disputes the claims of the late president Marcos’scion. This is about her father’s agricultural program.
Bankruptcy in the Banking Sector
Finance Secretary Carlos Dominguez III corrects the claims of Senator Imee Marcos. She said that Masagana 99 is an “effective use” of banks. Masagana 99 is an agricultural rice production program by the former president Ferdinand Marcos. Its goal is to finance the farmers. When they cannot pay up, it becomes a burden on rural banks. In turn, it affects the country’s overall financial health. The foreign loans are part of the debt left by the Marcos regime. However, his infrastructure projects are still useful nowadays. It also turns out that the older Marcos has set up a financial credit facility. The aim is to take care of such needs in times of crisis. This is why the Philippines can take out loans from the World Bank and the IMF in good standing during the pandemic.
Success in Exportation
“During the crop year 1975–76, the Philippines attains self-sufficiency in rice production, Senator Marcos said. The country establishes a 90-day buffer stock for food security purposes.“In 1977–1978, the country produces a surplus which enables it to export 89,000 metric tons to neighbors in Asia,” she added. The Senator clarifies that the data is from official records which Dominguez denies.
In reality, both Marcos and Dominguez clearly belong to different factions. The lady Senator focuses on the welfare of the Filipino masses. She urges the government to grant a greater stake to assist the livelihood of the poor regardless of how it would affect the country’s finances. Whereas, Dominguez’s scrutiny clearly shows that he is more into the financial standing as his duty pertains. It looks like they’re both exercising their responsibilities.
YouTube video by Bongbong Marcos Bangon Balikbayan | Bongbong Marcos
Changing the Economic System
The people’s lifestyle will not go back anymore the way it was before the Coronavirus pandemic. Most big industries are gone. It will take time to rebuild them due to significant losses. The economic system must change. The government should spearhead in providing jobs for the workforce. Take the case of the construction industry. Building condominiums and other establishments come to a halt. The Build Build Build project of the Duterte administration can now hire the workers who are out of work. That could start up the economy.
Lessons Learned from the Pandemic
Many sectors are gone and if they have to start again, they need to build them up better than before. Working together as one country is the only way to do it. Each project must be good for all and not just for specific investors. Going back to the province is a good move. This would allow agriculture and fisheries to foster. However, the government must support these start-ups from the very beginning to create a better foundation.
Today’s needs are somewhat different than before. It is because of the digital lifestyle that we have to embrace. Those who cannot adapt to the changes would remain poor. Therefore, now is the right time to learn new skills to start doing innovative ways in various businesses.
YouTube video by CNN Philippines The Philippines is Strong Enough to Battle the Covid-19 Crisis
1.1 Trillion Pesos Funds Big Enough Considering the Economy
More funds are needed to help government deal with the global pandemic. Does the country have enough money? And how much will the government need to get back on its feet after the crisis?
Pinky Webb goes straight to The Source of the story: Finance Secretary Sonny Dominguez.
Senator Imee Marcos’ Disclosure on Credit Rating
Earlier, Senator Imee Marcos said that the DOF or the Department of Finance could borrow up to P440 billion without exceeding the manageable debt ceiling of 5.4%. Marcos stresses that the government currently maintains a 3.2% level. After the $100 Billion loan approval from the World Bank,Finance Secretary Carlos Dominguez III confirms that the country indeed has a good credit rating. We have yet to utilize loan facilities from the ADB, AIIB and World Bank, before resorting to commercial markets, he added. The P1.1 Trillion needed to fund the ongoing Build, Build, Build project, Covid-19 subsidies under the Bayanihan to Heal as One Act by the Senate until end of may and some recovery programs are covered.
Favorable Economy to Beat the Covid-19 Crisis
Secretary Dominguez commends the President for the very strong financial position of the Philippines to face the pandemic. He said that the Duterte administration manages to constantly increase revenues for the last 3 years. The spending are only limited to viable projects that promise returns like the Build, Build, Build. The poor people are prioritized for the goods and monetary assistance. However, the middle class who are employees and operators of SMEs can also have some benefits. Like the suspension of loan interests, 30-day rental fee grace period, and financial facility to stay afloat and revamp businesses after the lockdown. Filipinos must be so lucky to have a president like the late President Ferdinand Marcos who manages the WB gold reserves from the grave for the economy to foster and President Duterte for believing in him through his alliance with the surviving Marcos siblings.
President Rodrigo Du30 might fulfill his promise of stepping down from office if vice presidential protestant Ferdinand “Bongbong” Marcos Jr. wins his electoral protest against Vice President Leni Robredo. While trying to downplay President Rodrigo Du30’s remark that he can be a Malacanang successor, former Senator Bongbong Marcos said that he is nonetheless ready for the presidency. He will make good governance a priority of his administration. This is democracy in the making when the truly elected leader triumphs over fraudulent politicians. Marcos’ electoral protest against the presumptive VP, Leni Robredo us still ongoing.
[VIDEO]: Former Senator Bongbong Marcos downplayed President Rodrigo Du30’s comment for him to succeed the president.
Du30 wants a better-qualified person to be able to succeed him. This is according to Harry Roque, the presidential spokesperson. Quoting Roque, “If there’s a better leader or if there’s a qualified leader to take over and he has said that Senator Bongbong Marcos is one of the better-qualified leaders to succeed him, if there are developments and he will win the protest and he becomes vice president, yes, he will make true on his word.”
The economy is the Priority
The improvement of our economy is one of the objectives, as Marcos says. We must also prioritize the interests of the consumers as we improve on the economy. Marcos believes that Du30 is doing good on the economy right now. But still, the President is remarking that if Marcos would only be guaranteed as a successor, he would like to give up the presidency.
Top 3 Not Needed
Being asked about three top priorities, Marcos answers that we only need to think of the “return of good governance.”. This is despite the issues his father faced from his term that is historically known for graft and corruption. It’s been more than 30 years after the late Marcos’ removal from power. Not anyone court can pin him down on the alleged corruption cases. The only evidence that is still in use until the current time is the massive infrastructure project. These are from bridges to hospitals that the masses continue to enjoy.
Democracy Moves On
The PCGG was created by Cory Aquino with the purpose of recovering the wealth allegedly amassed by Marcos through the government. However, Bongbong explains that with the cases filed by the PCGG nothing have prospered. Furthermore, Congress is forwarding a bill that would abolish the PCGG. Bongbong is interpreting this as a hint for the country to move on from these already resolved issues and focus on the issues we are facing now.
The Masses are the Priority
Marcos is stressing that consumer interest will be at the forefront of his administration. He is citing the concern House Speaker Gloria Macapagal Arroyo has on the issues the economy is facing. Immediately, on her first week as leader of the House of Representatives, she held dialogues with the economic managers of the country. Marcos praises her on that move. Obviously, the changes in the government are now leaning towards his future takeover. The President also did not fail to warn people about this upcoming big change.
“It’s the economy, stupid” is a slight variation of the phrase “The economy, stupid”, which James Carville had coined as a campaign strategist of Bill Clinton‘s successful 1992 presidential campaign against sitting president George H. W. Bush. Former President Gloria Macapagal-Arroyo’s version was telling Pnoy; It’s the economy, student. Meanwhile, Bongbong Marcos talks about the track record of now Speaker Arroyo when it comes to the infrastructure of the economy when she was President. He said that such leadership change including Senator Tito’s Sotto’s takeover as the Senate President is crucial for the progress of the country.
[VIDEO]: It turns out Clinton was right when he said, “It’s the economy, stupid.”
The First Female Speaker of the House
The anti-Arroyo faction must be outraged but former President Gloria Macapagal-Arroyo wins the house speakership post. She is the first female ever to be Speaker of the Philippines’ House of Representatives. The courageous woman is also the only former Philippine President to become speaker. While it is the first time in over a decade that in the middle of a President’s term the Speaker is replaced, Marcos is confident with Arroyo. There is no leader who has a greater sense of the economy as the former President, he said.
A Long Planned Transfer of Power
Without hesitation, Pimentel had formally nominated Sotto as his successor. Sotto now serves as the second Senate president of the 17th Congress. The transfer of power had long been planned, Pimentel says as he resigned from the position. It is done so peacefully and willingly.
The Impact of AI on the Economy
With the development of artificial intelligence comes the elimination of some jobs. But surely with this technology, we can witness the evolution of most professional landscapes. As research predicts, 1.8 million jobs will be gone by 2020, but 2.3 million jobs would be created. While the AI technology will lead to the extinction of repetitive jobs, we can see it morph and enhance creative jobs. These things should be considered while looking at the economy, Marcos says.
The Depreciation of Peso
The peso is weakening. With weak Philippine trade numbers as well as expectations of an interest rate increase in the US, the peso remains weak against the dollar. This according to Jonathan Ravelas, Chief Market Strategist of BDO Unibank Inc. This will certainly work to the benefit of exporters and dollar earners, as well as the families of OFWs, Cid Terosa, Dean of the University of Asia and the Pacific School of Economics said. Arroyo still worries however of its future implications, Marcos says. The depreciation of the Peso Value on the flip side may spur inflation. That can negatively impact the purchasing power of the common Filipino.
The electoral protest of Bongbong Marcos against VP Leni Robredo may still be uncertain. But now not only the President is Marcos-friendly. The heads of the Congress and the Senate are now on the same boat. The current line of succession to the office of the President of the Philippines is specified by the 1987 Constitution. During the Marcos era, the line of succession would be amended to include a newly created cabinet or ministerial offices. The line of presidential succession follows the order of Vice President, President of the Senate and the Speaker of the House of Representatives. In case of death, permanent disability, or inability of these officials, Congress shall, by law, provide for the manner of selection of the person who is to act as President until a President or Vice President shall have qualified.
Gov. Imee Marcos and Mayor Cristina Romualdez seem to be in tune with the palace when it comes to the real status of the country’s economy. The questionable VP earlier said that the President should prioritize the declining economy first before criticizing her incompetence. Palace spokesperson Harry Roque said that in fact, the Philippines is now the darling economy in Asia. Marcos and Romualdez added that the world’s gasoline crisis is the one to blame for the price hike of commodities.
[VIDEO]: The world market’s gasoline crisis is the culprit for the price hike of commodities according to Marcos and Romualdez.
Roque Corrects the Out of Tune VP
Roque notes that the increase in the price of oil in the world market is the reason for the increasing prices of commodities. “All economies in the world will agree that we are a darling economy,” the spokesperson claimed in a press briefing. He added: “Madam vice president, there is no problem with the economy.” In the first quarter of 2018, the Philippines remained one of the best performing economies in the region after it grew 6.8 percent. The expansion pace missed the government’s expectations due to “spoiler” inflation.
The Tax Reform is Up to the Congress
Detractors of the government blame the rising prices on the Tax Reform for Acceleration and Inclusion law. It allegedly lowers the income tax rate but also imposes higher taxes on fuel and “sin” products. The peso also continues to be weak against the dollar but Du30’s economic managers and Roque said this was not a cause for concern. Romualdez said to Marcos that the President is leaving this matter to the Congress since he cannot decide on this without a specific law as per the constitution.
No Truth on the Borrowing Spree
The President’s announcements regarding the investments of China or any countries never pertains to borrowing money from them. So far, we can only verify the Asian Development Bank’s investment on the major MRT infrastructure for the “Build Build Build” project. China so far got only the bid for the supplies of the construction like cement. Japan is also the contracting consortium. The Marcoses knew that borrowing from other countries is not an option because we have enough reserves for such investments. Only the destabilizers would cast a shadow on this to malign the Du30 administration.
The Marcos Wealth Stabilizes the Economy
Robredo also said that changing the constitution is not the solution to high prices and poverty. However, she does not have a good solution also. That made her incompetent. Instead of contributing to the country’s progress, she brings chaos into it for her own interests. The VP is so out of tune with the world’s situation. The country’s economy is far better than Japan as far as stability is concerned. The Marcos wealth for humanity is not a myth after all. We can feel it and the President puts it into the people’s advantage through the aggressive infrastructure project following the late President Ferdinand E. Marcos’ will.
“The only way to elevate ourselves is to love what we do and to help others” is Bongbong Marcos’ business philosophy. It is so true for legitimate entrepreneurs who are into nation-building. They never cease to show their support to the son of the late President Ferdinand Marcos. The former leader recognizes early on the contribution of legitimate Filipino-Chinese economic players. Today, this thriving community locally is already on its 40th Anniversary. Recently, the Communist Party of China seeks to learn the perspectives of the younger Marcos on issues about the economy.
Youtube video by; Elena Grace Flores
[VIDEO]: Bongbong Marcos comments that he feels no different to the frequency of invitations he receives now as compared to when he was a senator or a governor.
Du30’s Introduction of Marcos as VP
In October 2016, President Rodrigo Du30 introduces former Senator Bongbong Marcos to the Filipino community in Beijing, China as the next vice president. That, of course, if he wins his electoral protest against Vice President Leni Robredo.
The Preferred VP
Marcos claims that massive and “blatant” fraud took place during the 2016 elections. It paves the way for the previous administration’s candidate to win the vice-presidential race. The son and namesake of the late President Marcos lost to Robredo by only around 200,000 votes. Experts say that this can easily be proven during the March 19, 2018, recount. Du30 openly expresses his support to Marcos and his family.
Marcos is happy that his Nacionalista Party once again had dinner with their “friends” from the Communist Party of China (CPC) last February 27. “Last night’s fellowship dinner hosted by the Nationalista Party for the visiting CPC delegation headed by H.E. Guo Yezhou, Vice Minister of the International Department of the CPC Central Committee, was both enjoyable and fruitful, as it further strengthened the friendship between our two countries,” he said.
First to Recognize
The CPC is interested to learn about his perspectives on issues relating to both countries. Marcos’ mother, Ilocos Norte 2nd District Representative Imelda Marcos, and his sister, Ilocos Norte Governor Imee Marcos, were also present at the dinner. The Chinese people who are abreast of the changing world is again first to detect the big change that is about to happen in the Philippines. No wonder they have become the drivers of the global economy. After all, the ones that excel in the digital age are the ones who are adaptable to change.