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Filipinos’ Optimism Declined as President Snobs EU’s Financial Aid

financial aid

welcome By: Elena Grace Flores

Filipinos might not be that optimistic nowadays but still hoping for a better life next year. The citizens’ optimism declined in the first quarter of 2017. This is based on the latest Social Weather Stations (SWS) survey. The survey said that 43 percent expect their personal quality of life to improve in the next 12 months. 43 percent expect their personal quality of life to improve in the next 12 months. Six percent expect it to get worse as the country refuses financial aid from the EU.

Youtube video by; News5Everywhere
[VIDEO]: Nananatili pa ring ‘excellent’ ang trust rating ni Pres. Duterte sa first quarter ng taong 2017 ayon sa SWS. Samantala, bumaba naman ng walong puntos ang trust rating ng Pangulo sa Class E o pinakamahihirap na Pinoy.

Still High Despite Decline

The result yields a net personal optimism score of +36, considered as “very high” but it is nine points lower compared to the December 2016 result at +45 score. The December 2016 survey also showed that 48 percent expect their personal quality of life to improve. Only three percent expect it to get worse.

Not Bluffing

The President is not at all bluffing when he said that he will not accept conditional financial aid. He is very particular especially when it comes to the country’s drug war. The European Union Delegation to the Philippines confirmed that the country will no longer accept financial aid from the European Union (EU). The announcement comes from the EU-PH Delegation public affairs officer Thelma Gecolea. She states that the country turns down around 250 million euros or ₱13.88 billion of grants which are normally allocated to Muslim communities.

New DFA Secretary

The new Foreign Affairs Secretary Alan Peter Cayetano who just got confirmed almost instantly recently said that the President would refuse any aid that would impact the administration’s war on drugs. Financial aids must be given voluntarily. Therefore, discouraging internal affairs interference.

The President’s Instruction

The President’s instructions go that if nations want to help willingly, they are most welcome. Help with strings attached or conditions must be refused. No meddling in or stopping the campaign against drugs is acceptable.

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UK is fishing in two lakes: free trade with China eyed as well as stronger relations with India

welcome By: Elena Grace Flores
Brexit orBritain’s exit from the EU has brought surprising actions from the British government. Perhaps, they are just weighing trade opportunities to retain a healthy economy after it slumped a bit after Brexit. Exploring free trade with China can be misinterpreted as showing rebellion to EU after gaining their freedom from it but others put it as their way of learning the hard way. Perhaps they wanted to experience China’s unfair trade practices, mass produced sub standard products and sometimes dangerous product contents. On the other hand, they are also on there way to have some talks with China’s rival, India – another giant in Asia, but it is not known yet what will come out from that. Clearly still in the exploration stage. Read this:

The Inquirer wrote: LONDON, United Kingdom — Britain’s finance minister warned Brexit would cast a “shadow” over the world economy but said he was eyeing a free trade deal with China in interviews with the BBC and Sky News on Sunday. Speaking on the sidelines of the G20 meeting of leading world economies in Chengdu, China, Philip Hammond told Sky that the vote to leave the EU was “not the only shadow the world economy faces”. “There is going to be uncertainty about the outcome hanging over the world economic outlook for perhaps the next couple of years,” Hammond said.

It added: China President Xi Jinping before the referendum had said that he hoped Britain would remain in the 28-nation bloc to promote the “deepening development of China-EU ties.” Senior figures from some of Britain’s biggest financial services companies, including HSBC, Virgin Money, the London Stock Exchange and Standard Life were travelling with Hammond. Prime Minister Theresa May also discussed a trade deal with Australia in a phone call with Prime Minister Malcolm Turnbull earlier this month. Foreign Office junior minister Alok Sharma was also travelling to India on Monday on his first visit since his appointment. “Britain is open for business and thriving on the world stage. We want the strongest possible relationship with India,” Sharma said.


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Global Stocks Rising Slightly after Britain’s Talk with EU

welcome By: Elena Grace Flores
The British’s exit from the EU did slumped global stocks as investors were hesitant to spend more money while confusion loomed over its aftermath. The united we stand, divided we fall principle can again be seen here. After the British consulted the EU on how to go about things on its dramatic exit, the market is again visioning hope thus the reason of the slight rise. After all, the UK is not distancing itself from the world powers.

A published in the Manila Bulletin: Britain’s benchmark stock index, the FTSE 100, was up 2.6 percent to 6,298. It has not suffered much because many of its listed companies have global operation and the pound’s drop to a 31-year low will help their exports and boost the value of earnings repatriated to Britain. Domestic companies have taken a much bigger hit. Germany’s DAX advanced 2 percent to 9,636 and France’s CAC 40 gained 2.8 percent to 4,202. Futures augured a positive start for Wall Street. Dow futures added 0.6 percent and S&P futures rose 0.7 percent. Investors appeared to have set aside their anxiety over Britain’s vote, encouraged by solid data on the U.S. economy and housing market. But analysts said market volatility could return any time and it is too early to say that investor confidence has made a full comeback since the vote for “Brexit,” a British exit from the EU. “Stock markets may find it difficult to return immediately to the levels seen before last week’s vote with buyers being wary about being too aggressive in what may yet be just another volatile swing,” said Ric Spooner, chief market analyst at CMC Markets, in a commentary.

Further into MB’s report: Global financial markets were rattled last Friday by the vote’s result, which many investors did not seem to anticipate. Stocks and oil fell, as did the pound, while bonds and gold rose thanks to their perceived status as safe havens. Ratings agency S&P slashed its top-shelf credit rating for the U.K. The British currency recovered some of its losses this week but remained near its 31-year low. On Wednesday, the pound rose 0.5 percent to $1.3408. In other currencies, the yen, which strengthened sharply after the British referendum, lost some gains. The dollar rose to 102.69 yen from 102.63 yen. The euro rose to $1.1090 from $1.1080. In Asia on Wednesday, Japan’s Nikkei 225 jumped 1.6 percent to 15,566.83 and South Korea’s Kospi gained 1 percent to 1,956.36. Hong Kong’s Hang Seng index added 1.3 percent to 20,436.12, while Australia’s S&P/ASX 200 rose 0.8 percent to 5,142.40. Stocks in mainland China, Taiwan, Singapore and Indonesia also were higher. Benchmark U.S. crude rose 60 cents to $48.45 per barrel in New York. The contract added $1.52 on Tuesday. Brent crude, used to price international oils, gained 58 cents to $49.84 a barrel in London.


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Few Effects on UK’s Leaving EU that can Affect Migrants

welcome By: Elena Grace Flores
Most economic experts believe that in the short term the British economy will shrink if they leave EU. Business investment is likely to be lower, house prices could fall as people put off moving while sterling is almost certain to fall – at least initially. But this is more due to uncertainty than any underlying problems with the UK economy as a result of Brexit.

Under the Dublin Regulation migrants who arrive in the EU have to claim asylum in the first country they enter. If they subsequently move countries they can be deported to the first country they arrived in. The UK deports around 1000 migrants a year using this process which would end if the UK pulled out of the EU.

Nothing would change with UK’s relationship with other countries over night if they voted to leave EU. What would follow a leave vote is years of negotiations around their future relationship with Europe. In this process almost everything would be up for grabs. Even if they vote to leave today they would probably not ‘leave’ the EU much before 2020.