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Social Tourism: How to Handle Debts when Hot Money is Scarce Due to PH’s Economic Turmoils

hot money

By: Elena Grace Flores

The country’s investment records during the first quarter of 2019 show that short-term investments or hot money are leaving the country quicker than in 2018. This situation worsens at the beginning of 2020. Small entrepreneurs immediately feel this as well as individuals who live on a daily grind. May it be from taxi drivers to food sellers in public stalls. Social Tourism enthusiast, Rafael Dionisio shares his experience with a farmer who refuses his monetary contribution and instead, requests for a more tangible need – seeds. Money can disappear in an instant and you’ll end up in debts. While seeds can flourish during the waiting time, explains the good soil cultivator.

YouTube video by Elena Grace Flores
Agricultural Tourism Needs Help Amidst Coronavirus Panic
Tourism advocate for social tourism, Rafael Dionisio explains how farmers can benefit from their products amidst the coronavirus scare.

Hands-on Experience

Rafael Dionisio who is part of the Make a Difference Travel program narrates his experience with a farmer in Zambales.  A farmer who has an ancestral domain for agriculture said that if he accepts the money, he might spend it on gadgets, drinking, and other things that do not last like being fed for a day. He then directs Dionisio to take a look at the vast empty land. If they have a commitment from their tourism partner to provide them with seeds, that would surely go a long way.

Contributors to the Bad Economy

The geopolitical tensions between the US and Iran, the US-China trade negotiations and the current coronavirus scare put not only the general public to panic. They drive investors out of the country that is seeking a safer haven for their hot money. The travel bans alone may be effective in sparing the people from the coronavirus spread – but they also cause them to be empty-handy for the daily expenses.  The series of earthquakes and the Taal volcano eruption made them worse.

Quick Loans Can be a Burden

Once the pocket is empty and families need to be fed, one can only opt for the easily available quick loans. The offers are everywhere taking advantage of people’s tough situations. Some companies are conservatively considerate in their payment terms despite the high interests that are quite helpful. Tala, Atome, and Asteria loans are the reliable ones on that aspect.  Many are just loan sharks especially the hot money providers or lenders from overseas.

Staying Afloat when Money is Scarce

Getting more loans to pay off debts can be disastrous. It is best to sit down, relax, and think clearly when negotiating with lenders. Use the idle period in preparing for the next season or develop new skills that can contribute to better opportunities as business peaks up again. Know that the SEC orders financing companies, lending agents and their third-party service providers to no longer harass borrowers and employ unfair means to collect the debt. Those found to be violating the circular face penalties ranging from P25,000 for lending companies and P50,000 for financing companies for the first offense to P50,000 to up to P1 million for both for the third offense and possible suspension or revocation of their license.

Fr. Jose Bosch Innovative Skills Training Advocacy Cooperative (ISTAC)

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Bongbong Marcos is Bleeding Money to Preserve the People’s Rights to Know the Truth


By: Elena Grace Flores

Most Filipinos are grateful that Bongbong Marcos pays the gag order rule violation penalty than leave people in the dark. He is keen to air his observations of the ongoing manual recounts. This is in both the Camarines Norte and Iloilo priority areas. However, it’s not his nature to spit the outcome of undisclosed electoral protest against Leni Robredo. His camp is compliant to almost all rules of the PET if not all. Since paying the Php 36 Million protest fee in full, Marcos still bleeds money. The recent one is the said fee that amounts to Php 50,000. Robredo continues to buy time as usual.

Youtube video by;

[VIDEO]: Nakapagbayad na si dating Senador Bongbong Marcos ng multa para sa pagsuway sa gag order ng Presidential Electoral Tribunal, kaugnay sa electoral protest nito laban kay Vice-President Leni Robredo.

Good that Marcos has Money

It may be an advantage that the former Senator is wealthy enough to spend for all the demands of the PET He can always raise money from equally-abled friends if it’s too much to affect his cash flow. All he wants to find out is the truth and according to various developments in the Senate, he is likely the legitimate Vice President of the Philippines.

The Undemocratic Gag Order

The PET in late June imposed a fine of P50,000 each on Marcos and Robredo as a penalty for their violation of the sub judice rule. It bars parties to a case from making disclosures that could result in the prejudging of matters pending before a court. Marcos’ poll protest against Robredo is a challenge to her victory in the 2016 election. It involves a manual recount of ballots from three pilot provinces. The results determine whether the recount will proceed to the rest of Marcos’ contested voting precincts.

The Denial Queen

Robredo said that she nor her counsels did not reveal sensitive information about the poll protest. Marcos, on the other hand, said his own camp’s statements were not meant to prejudge the issue, influence the court, and obstruct justice. They are just his mere observations. She, nonetheless claims that she is just merely answering Marcos’ disclosure. Ultimately, the questionable VP can never refrain from pointing fingers at Marcos.

The Manner of the Payment Process

Marcos through his counsels, unto this Honorable Tribunal (PET), most respectfully manifests that he has paid the amount of Fifty Thousand Pesos (P50,000) in compliance with its Resolution dated 26 June 2018,” stated Marcos’ compliance document.

Preserving the People’s Rights

The amount mentioned is just minimal to preserve the people’s rights to know the truth. The secretive nature of the PET in treating Marcos’ electoral protest triggers the people’s curiosity with the integrity of the automated election. Since Atty. Glenn Chong reveals many anomalies that benefit the LP bets in 2016, loyalists of both Marcos and Du30 are now ready to take their fight into the streets in a public protest. They would soon gather in front of the COMELEC on August 10, 2018, at 2 PM.

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Bongbong Marcos’ Stock Shares Support his Independent Wealth

stock shares

welcome By: Elena Grace Flores

Bongbong Marcos was not only born with a silver platter. He is also blessed with golden talents and connections. No matter how anti media propaganda questions his wealth in connection to his father, he remains rich and famous at that. Stock shares are notable in his SALN.

Youtube video by; CELEBRITY CBN
[VIDEO]: Ferdinand “Bongbong” Romualdez Marcos Jr. (born September 13, 1957) is a Filipino politician and former senator in the 16th Congress of the Philippines. He is the second child

2015 3rd Richest Senators

Cynthia Villar is still the richest senator in the Philippines. She has a declared net worth of ₱3,500,565,480 in her 2015 SALN Senate President Pro Tempore Ralph Recto claims the spot for the second richest senator in the Philippines. He has a net worth of ₱531 million. The third richest senator is Bongbong Marcos at ₱211 million from the previous year’s ₱200 million. He is no longer a senator at the present time but his electoral protest against Leni Robredo for the VP post is ongoing.

Stock Shares Game

Some news reports criticize his increasing net worth despite having some businesses that went bankrupt. It only shows that these critics do not have business backgrounds or did not take the initiative to learn the details of the story they are covering. All business people know that investing in stocks is a game of win or lose. The outcome is different at the end of the day. Positive results depend on the many wins compared to the number of losses.

Money Works for Marcos

Unlike VP Leni Robredo who would rather get her daughter’s Harvard school supplies from the trash while after partying with the high society people in the US, Marcos does not have the poverty mentality. He has used his money to work for him by investing in many stocks. All his eggs are also not in one basket obviously. This is why even if other businesses lose, he is still rich.

Ful Payment

Marcos already paid in full the P66,023,000 electoral protest fee ahead of time. His friends pooled their resources in order to raise the amount during the first installment. The excess was used for the second installment together with the sale of a property believed to be a condominium. The Philippines definitely need a leader who has proven capability to acquire independent wealth. Forget the alleged hidden wealth. He is not his father.

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Atty. Vic Rodriguez: Nobody Believes that Robredo does not have Money

Bongbong Marcos

welcome By: Elena Grace Flores

Atty. Vic Rodriguez of the Marcos Camp said that Leni Robredo again fooled the people by saying that she had difficulty in raising the money to pay her counter-protest against Bongbong Marcos. After all, she paid half a billion pesos according to her SOCE in the last vice presidential elections.

Youtube video by; Elena Grace Flores
[VIDEO]: Atty. Vic Rodriguez of the Marcos Camp said that Leni Robredo fooled the people once again.

No Return for Marcos

It is evident that Leni Robredo is not on to the will of the people in last year’s elections. She said she would never allow the son and namesake of the late president Ferdinand Marcos to grab the second highest office in the land and return to power. This is the only thing that matters to her; to block Bongbong Marcos from the Vice Presidency.

Own Wants

Robredo’s words are contradictory to her actions. She said; “Even if it’s difficult, even if we’re going through many challenges, we will not let the voice of the people be taken away.” She said this when addressing her supporters outside the Supreme Court where she paid P8 million counter-protest deposit. If it is the voice of the people she is after, she wouldn’t keep on delaying the electoral protest of Marcos.

It’s all About Her

She added; “You know that this fight is not about me. This fight is about all of us.” Robredo is again lying when she said this. Her own words contradict this statement. Perhaps, she has to be reminded why she agreed to run under the Liberal Party for the VP post – did she said to block Marcos? The truth is, she allowed herself to be used as a political prostitute against Marcos for her own personal gains.

Bitter Supporters

She also said the country suffered during the brutal martial law regime. An alleged victim, former Commission on Human Rights chair Etta Rosales even joined who failed to bring out the truth in history that there was really such thing as the Golden Age of Marcos. They were also joined by another bitter activist priest Robert Reyes and members of their online group The Silent Majority who despite using their channels in destroying the Marcoses are still no match for the people’s voice via social media.

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Eliminating Hindrances to Prosperity


By: Elena Grace Flores


ProsperityBeing financially ignorant is the number one hindrance to prosperity. You may be earning well these days but you earnings can also disappear at one when you are not careful. Learn to be smart with your finances. Reach out and strive to be informed with what you should do with your earnings. Here’s how:
•    Talk to financially stable people around you and learn from their experiences. Seek opportunities to ask for their advices concerning ways on saving up and investing money for the future and in spending wisely.
•    Search and read articles about financials. Look up for keywords on the internet such as wise spending, savings and investments. Learn from these articles and apply what you learned into your own financial situation. Read also relevant books that you can find in the bookstore.
•    Attend seminars with topics on finance and investments. Raise questions when things are not clear to you. You will get first hand answers and you can learn faster this way.
•    Visit a bank and talk to account officers on what they can offer for your extra funds in terms of savings and possible investments.
•    Do not settle for one opinion only. Ask for second, third and possibly more opinions and come up with a good decision on how to keep or invest your money.

Have access to updated financial security or investment information and facilities available in your area. Do not just settle for ordinary savings methods in the bank as most types of accounts do not yield high interest – a meager 1 or 2 percent annually. Money market can yield you as much as 44% per annum but you have to know what stocks to buy. Another hindrance to prosperity is spending beyond your capacity to earn. This should be avoided because deficit spending can cripple you instantly and it will take time for you to recover – if you ever will. It can entice you to avail of numerous credit facilities thus stressing your budget out for the coming years. In addition, stay away from the following:
1.    Impulsive buying should always be avoided. It will just make you purchase things you don’t really need. They usually end up accumulating dust in your household or just sitting in your closet for a long time.
2.    Do not be envious with the luxuries of people around you. Avail of it only when it becomes affordable. Forcing the issue by availing credit facilities just for luxuries will bring you lots of troubles.
3.    Spending before the expected yield is achieved must be discouraged. Never spend money that is not yet earned. With the availability of credit card facilities, we tend to charge expenses for our upcoming income to settle. When the money is not generated as expected, the credit will be extended thus incurring more charges including hefty penalties. Most credit card companies charge 3.5% per month for interest of unpaid balances alone.
4.    Do not invest without concrete business plans. Major business failures can be avoided by preparing a comprehensive business plan prior to investing hard-earned money. Engage people with vast experience and expertise in doing this together with actual market survey.
5.    Availing of loans with sky high interest rates is a killer. Know that you are like committing financial suicide when you resort to this during emergency. Know your option beforehand with finance facilities like collateralized bank loan for future needs.
6.    Do not be negative with all the possible means. When you see an opportunity to earn without monetary investments, take advantage of the situation. You can invest your time, know-how and talents and you’ll be on top of your finances again in due time.

Being financially stable is a big achievement. It is the key to a stress-free living. You will also see that when the quality of your life improves without debts, frictions with family members will also diminish. You can also have the chance in helping important people in your life when you have the resources – in terms of money, time, experience and values learned. Avoid any forms of cash advances and you will eliminate the hindrances to prosperity.

Image Source: Justin Peter