Money Talks Archives - Carelinkwebpr News

Posted on August 5, 2020August 5, 2020 by carelinkwebpr — Leave a comment

The Strategy of Senator Imee Marcos in Pressing for Philhealth Answers

By: Elena Grace Flores

YouTube video by Filipino Vines Originals

IMEE MARCOS PHILHEALTH SENATE HEARING

The Senators are Dismayed over Philhealth Interrogations

Philhealth Senior Vice President Chief Information Officer, Jovita Aragona faces the senators with Senator Imee Marcos on the lead recently. However, the interrogation went nowhere after the officials in question evade giving direct answers. This prompts the senator to speak in local dialects; Waray Waray? Negrense? with the officer-in-charge of fund management. She stresses the provisions of massive funds in Tacloban without known Coronavirus infection.

On the Blue COA Reporting

Senator Panfilo Lacson comments on COA’s disclaimer on Philhealth’s usual report adjustments. It looks like they made it look like revenues are on the blue with regards to OFW collections. Then, they get adjusted to the final reporting.

It System Anomalies

SVP Aragona defends the IT budget allocations by saying that the procurement stage made it difficult for her department to finish its programs. They can procure the hardware but the data software customization still needs a revamp. No real-time reporting, no IT Tax, cannot cope up with reports and no confirmations of the claimant’s status are some of the major problems. Complete listings of the responsible people with their corresponding tasks are one of Senator Marcos’ requests to further the investigation. This is on top of the breakdown of all the major spendings and short-term and long-term plans.

Posted on August 5, 2020August 5, 2020 by carelinkwebpr — Leave a comment

Subsidy Woes: Will you Pay your Philhealth Dues after Hearing this?

By: Elena Grace Flores

YouTube video by GMA News

PhilHealth, posibleng bangkarote na sa 2022 kung hindi matatapos ang COVID pandemic

Philhealth Subsidy Woes

PhilHealth’s funds will allegedly run out by 2022. This is if the COVID-19 pandemic continues next year. PhilHealth officials admit this at the Senate hearing. The senators also scrutinize the anomalies on billions of PhilHealth funds that are lost due to possible corruption. The question is: Wil you still pay your premiums after hearing this? The government immediately assures the public that a subsidy is one immediate resort to keep it afloat.

Not Contribution but Subsidy

A Philihealth official said that it needs more contribution to save the agency from bankruptcy. However, Senator Franklin Drilon stresses that a subsidy is more likely. During the pandemic, people are spending tightly because of economic uncertainties. Therefore, delinquent and tardy premiums are more likely.

Corruption Investigation

The state-run agency’s former anti-fraud legal officer Thorrsson Montes Keith resigns due to his claim of “widespread corruption.” He said that “mafia members” are responsible for the anomalous transactions. The whistleblower believes that the total amount of such deals reaches around ₱15 billion. The senators have a full plate on this one.

Posted on August 4, 2020August 4, 2020 by carelinkwebpr — Leave a comment

President Duterte Ignites the Congress to Marcos Gold but Hangs in the Balance

By: Elena Grace Flores

YouTube video by Filipino Future

Why the Mahárlika (Philippines) is the Wealthiest Nation in the World Today

Maharlika and the Philippine Congress

The Philippines’ change of name might be tedious in Congress but this is possible. Several attempts in the past were made to rename the country. Among the earliest was that of then-Senator Eddie Ilarde in 1978. This was when the administration of then-President Ferdinand Marcos tries to carve an identity for Filipinos. This is to do away with the country’s mindset as a former colony. Ilarde’s Parliamentary Bill 195 explains that Maharlika ingrains the country’s heritage long before Western colonialists set foot on the country’s shores.

President Duterte and the Marcos Gold

President Rodrigo Duterte awaits Congress’ approval to deal with the Marcos gold. The ball is now in the legislative branch’s court. Congress is needed to set parameters. It takes into account the concerns of critics and the citizenry. The President cannot simply act on his own on this matter. The legislative has to come into play in this case as per the constitution. This only shows that the Marcos gold is not an ill-gotten case. This has something to do with the world economy. It follows a legal process that any entity that tries to steal it lands in jail.

The Strenght of the World’s Capitalists

The capitalists are running the show for decades now. The Filipinos ought to know where they stand. However, the players of the world’s monopoly hold important positions in the Duterte administration. The President has to balance his supporters to avoid dictatorship issues. The situations of the marginalized poor are getting harder. The middle class and the rich ones are helping despite their own financial blows. However, they may not be enough to feed everybody. Elections 2022 may be fast approaching but many people are in need now. It might be necessary to rally on this issue to put pressure on the government’s priorities.

Posted on July 22, 2020July 22, 2020 by carelinkwebpr — Leave a comment

BBM’s Economic Survival Strategy during the Pandemic

By: Elena Grace Flores

YouTube video by HUGGER PH

BARTER: Old Ways in the New Normal | Bongbong Marcos

Back to Basic Economic Survival Strategy

The misunderstanding of the barter trade tax is now water under the bridge. Bongbong Marcos is happy that clarifications are made available at once. Bartering goods is an economic survival strategy during this time of crisis. The association of large corporations already agrees to pay higher taxes to exempt the entrepreneurial activities of the common Filipinos. This includes the barter activities we see online.

Barter of Essential Goods

The barter trade is a very ancient form of commerce. Trust is an essential component. This strategy strengthens community relations in the country. Thus bringing out the reliability and unity of Filipinos. There’s no need to convert goods to cash. One can immediately exchange the items with whatever he or she needs from another trader. Indeed a very timely process in the world today with the Covid-19 situation.

Luxury Products are Taking the Back Seat

Luxurious brands now took the back seat in today’s world economy. In fact, the numerous outlets of these big names are on the verge of closing down. This is if they are still afloat. Expensive rentals and manpower are just impossible to maintain without any income. Many people prioritize their daily needs over these luxury items during the current economic disaster.

Posted on July 13, 2020July 13, 2020 by carelinkwebpr — Leave a comment

Imee Marcos’ from Nothing to Something Rich in Cebu

By: Elena Grace Flores

YouTube video by Imee Marcos

ImeeKabuhayan Cebu

From Poor to Rich

Shortly before the pandemic, Senator Imee Marcos launches her #IMEEKabuhayan livelihood program last September 2019. This is to promote women empowerment and encourage women in rural and urban poor areas to rise above their current conditions. The beneficiaries are from the mountain barangay of Busay in Cebu City, and Gaas in Balamban town in western Cebu. They go through formation, education, and training. They also take part in the monitoring and marketing of the plants. The trade shows may be on a halt but the production becomes the way of life of the members. This is therapeutic during the times of crisis and can also prevent mental illness for their rich patrons since flowers can ease up depression and anxiety.

Purchases from the Rich during the Crisis

The bougainvilleas were on display and the newborn ones were on sale at 3pcs. for Php100 at the Bougainvilleas Extravaganza 2020 in Ayala Terraces, Cebu City last March. Perhaps, no one would think of buying flowers during the crisis when food is scarce. However, the rich ones may still have some savings. Some of them may be prone to mental conditions due to the uncertainties of their jobs or businesses. Therefore, the wise can only resort to these lovely creations to calm their minds. These flowery plants are indeed therapeutic.

Changing the Way we Think

The digital lifestyle can easily be the norm nowadays. Healthy living is a top priority since physical movements are not like before. Online trading can soon face a surge of inquiries for mental health. This is definitely next to essential products. The reason why the rich remain rich is the flexibility to adapt to the trends. Thanks to Senator Imee Marcos.

Posted on July 13, 2020July 13, 2020 by carelinkwebpr — Leave a comment

BBM: This is How Filipinos do Gold Trading during the Pandemic

By: Elena Grace Flores

YouTube video Bongbong Marcos

July Food for Thought | Bongbong Marcos

Gold Trading through Food

There have been significant occasions this July that really fit in with what we are going through today, Bongbong Marcos sid. From one heart we can talk about micro-entrepreneurs, safety in schools, and the importance of food sufficiency during this pandemic, he added. Our discussion today, however, coincides with what’s happening with the world’s gold trading.

Gold Trading Situation

The price of gold is now at $1,817.00 per ounce. It can easily rise up to $3,000 in a few years. Documentaries show that the Marcoses are the key to the country’s gold reserve. However, it seems that it is not the priority of the Congress right now. Despite that, people are entrepreneurial enough to use their skills and talents in trading food that can sustain their communities. Such a strategy using online technology can very well equip those who are willing to innovate towards the actual gold trading era to come.

Food Online Selling

Joblessness is now the norm but not to the once who have common sense. The world is changing, therefore people should also change according to the needs of the new decade. It is evident on social media how these innovative businesspeople flourish by selling their very own recipes. It is certainly wise to take advantage of the online food industry’s demands right now while waiting for the actual gold trading days.

Posted on May 22, 2020May 22, 2020 by carelinkwebpr — 2 Comments

Marcos & Dominguez’s Priorities Define their Intentions for the Economy

By: Elena Grace Flores

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.

Posted on May 20, 2020May 20, 2020 by carelinkwebpr — Leave a comment

Bongbong Marcos Explains How to Build the Economy Back

By: Elena Grace Flores

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.

Successful Sacrifice

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.

Posted on May 14, 2020May 14, 2020 by carelinkwebpr — Leave a comment

Imee Marcos Sees Economic Opportunities Amidst the Pandemic

By: Elena Grace Flores

YouTube video by Imee Marcos

Senator Imee Marcos is the guest at PTV-4’s Laging Handa Public Briefing on May 12

Realign Projects to Suit Current Needs

Senator Imee Marcos urges the government to help workers in the tourism sector. They are severely-hit by the pandemic. The Senator also said that governors should participate in the Balik Probinsya Council. On top of that, she calls people’s attention to properly dispose of PPEs, face masks, and other infectious wastes. This is to prevent community contamination.

Going Out of China

There is now a massive withdrawal of companies from China. They transfer to other countries like China, Vietnam, and Malaysia. If the government offers foreign investors a better deal, the Philippines could also get a piece of the pie. New economic opportunities can result from Chinese exodus for the country, Marcos said.

Sanitation, Subsidy, and Local Businesses

Marcos reminds health practitioners and the general public on the proper disposal of devices. These are for the PPEs, masks, gloves, and test kits during the Coronavirus outbreak. They can be sources of infections as well.

She pushes once again for government subsidies to help the tourism sectors, hospitality industries and other services. They better channel their resources towards the new commercial undertakings. That should be suitable for the current situation. Going local is a way to go but the governors must be proactive in doing so.

Posted on May 8, 2020May 8, 2020 by carelinkwebpr — Leave a comment

Senator Marcos Uncovers Mystery on Monetary Assistance, Testing Kits & POGOS

By: Elena Grace Flores

YouTube video by Imee Marcos

Senator Imee Marcos spoke with Senate reporter Nimfa Ravelo on “Bantay Balita sa Senado”

Mysteries on Donations and POGOS

Senator Imee Marcos spoke with Senate reporter Nimfa Ravelo on the latter’s radio program “Bantay Balita sa Senado” over Super Radyo DZBB simulcast on GMA News TV yesterday, May 3. Marcos clarifies the shortage of cash donations and the existence of POGOS. The President may be right because the Chinese gambling operators can help the economy in a way but if they do not pay proper taxes, and give too many headaches to the country then, their existence does not justify their existence. China is not even happy about its activities in the Philippines. To legalize POGOS is not a good move, she said. Marcos also questions the testing kits sold at airports.

Economic Strategy of the Senate on Cash Shortage

The Social Amelioration Program anomalies have something to do with the incomplete lists. It must include all people in the informal sector as per the law. However, the available lists of government agencies like the DSWD are not effective because theirs are limited only to 4Ps benefactors. The 18 million-plus 5 million target recipients should not require impossible requirements due to its informal nature. The funds are still sufficient to assist this sector in the next 2 months. Beyond that, loans are options. Senator Marcos stresses that the SMEs must be under subsidy for at least two months to keep them afloat. This would allow job retention for many Filipinos after the pandemic.

Self-Sufficiency for Economic Supplies

The reports on the number of testing kits donations are at hundreds of thousands but in reality, they do not reach the regional centers. Surprisingly, there are testing kits being sold at the airport. They can only come from donations, Marcos suspected. It is surely not good to change the DOH leadership in the middle of the crisis. However, the department’s head, Francisco Duque does not have all the necessary factors in control to fight the crisis. The senate cannot explain his mishaps anymore thus prompting them to ask for his resignation. On the other hand, the senator urges the government to take advantage of the exodus of investors from China. Other countries like Thailand and Vietnam already got their share of the transfers. The Philippines has yet to make its corporate offers attractive. The Citira bill aims to gradually cut corporate income taxes starting in 2021. This would eventually bring down the current 30% to 20% by 2029. The crisis teaches the world not to rely on China alone when it comes to affordable supplies.