Blog- PHL Politics
PRESIDENT AQUINO ADMINISTRATION (127) DAYS LEFT IN OFFICE
GENERAL SANTOS CITY, JANUARY 03, 2016 – President Benigno C.
Simeon Aquino III has almost completed the 6 years of his presidency. The term limit as mandated in our
Constitution and in the Omnibus election Laws. Starting from January 2016 to
May 09, 2016 the president has only one hundred twenty seven (127) days left
in office.
Whether we like it or not he must exit from power on June
30, 2016 because of the six (6) years term limit.
If I were the president I will not
much indulge to politics even, he is the titular head of the Liberal Party. The
president like other head of the states, he must now prepare for his graceful
exit from Malacanang Palace at the end of this term. Let other members of the
party likes: Sec. Mar Roxas and other
members of the LP to continue the “Right Path” (DAANG MATUWID) as he started
during his first term in office until he finished his term. Sa bisaya pa
(Bahala na si Mar Roxas maningkamot.
It is public knowledge that in
some point, he has done is the steady growth of the Philippine economy for six
years and a noted fundamental reform of our financial system for the country. His
success as his legacy to PHL credited for his administration. The President
must be happy now; he is not tag a lame duck president by the news maker
Political Pundits group critics to him, including me as blogger.
Noted accomplishments: Sound and
credible PHL Financial system and road networks improvement on his (DAAN
MATUWID) “flagship programs”. On the
other side he had also a failure. A success of a Leader is in the barometer of
the poverty line and measurements.
On the latest IBON foundation
survey results: Mindanao has a greater number of poverty which is reported as 70-60
percent, in the Visayas regions which is in line second to the poverty ratio, 55-50
percent, while in Metro Manila, which has a low poverty rate. And the rest of
Northern and Southern Luzon has also the poverty reduction ratio.
While Philippine Economy has
improved a lot on growth rate. But it doesn’t felt by the marginalize poor, on
particular Agri-sector rural farmers and fishery sector, It is good for the PH economy
to bounce back; as we are the number two (2) fastest growing economy in the
world second to India, China and Vietnam. And the Philippine is now under the
financial stability rated by the World Financial Organization likes: Meryll
Linch and Standard and Poor’s (S&P).
Some list of His failure of the
Aquino administration:
1.) Maquindanao
Massacre
2.) Palampaya
funds Scam
3.) PDAF
and DAF Scams
4.) Metro
Manila Traffic
5.) Transport
System
6.) BBL
7.) Mamasapano
8.) Selective
Justice system
9.) Graft
and Corruptions (under his administration)
Poll Uncertainties to Deter
Investors
BSP seen to keep rates unchanged
Robust consumer and election
spending would bring about a slight uptick in economic growth next year, but
uncertainties brought by the national election-especially the most recent
developments on two presidential candidates-might deter the entry of more
investors, The Hongkong and shanghai Banking Corp. (HSBC) said.
“With private consumption
expected to stay strong throughout election cycle, we forecast growth to
increase slightly in 2016,” HSBC economist Joseph Incalcaterra said in a note
titled “wake me up when 2015 ends.” The government had projected gross domestic
product or GDP growth of 7 to 8 percent in 2016, faster than “realistic” 6 to
6.5 percent expansion expected this year.
But while the upcoming election
would bolster both government and private expenditures, it is also seen to push
investors on the sidelines as they adopt a wait –and-see stance (miron).
“(T)he large degree of election
uncertainty, particularly concerning the disqualification of former leading
candidate Grace Poe-a decision that she is appealing-and the rise of Davao City
Mayor Rodrigo Duterte, a candidate who has yet to elaborate an economic agenda.
Suggestion to Mayor Duterte-
Suggesting by Blog writer to
Mayor Duterte as soon as possible his economic advisers should draw the line of
his economic agenda (plata-forma) to be known for public scrutiny, may result
in more subdued private investment over the next two quarters,”Incalcaterra
said.
“(O)ur analysis of past electoral
cycles shows that this is almost always the case, “he pointed out.
Strong manufacturing sector-
NEDA expect 6% GDP growth this
year
The Philippine economy may grow
6.0 percent due to strong industry and manufacturing sectors, the National
Economic and Development Authority (NEDA) said.
In a briefing, Socioeconomic
Planning Secretary Arsenio M. Balisacan said the country’s economy remains
steady despite external uncertainties, numerous domestic challenges, and the
impact of natural disasters.
In January to September 2015 the
country’s gross domestic product (GDP) grew 5.6 percent, while in the third quarter;
its output increased 6 percent due to strong domestic demand, more jobs and
more public and private investments.
“This puts the Philippines as one
of the fastest-growing major economies in Asia, just after India, China and
Vietnam.
We expect our high growth
trajectory to continue in the fourth quarter of the year as domestic demand
continues to be strong,” Balisacan said.
“We are very optimistic that the
Philippine economy will grow at 6 percent for full-year 2015,” he added. Note:
My first blog for 2016.
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