Forum Search

1 BILLION dollars ipapamudmod ng pilipinas sa ibang bansa!!!!!!

This topic is locked.
posted June 23, 2012 09:54AM
Superman2279us
Superman2279us
stars
Elite Sulitizen
703 posts
  • Registered: Mar 10, 2009
  • Last Access From: Philippines

Mapapautang daw ang pilipinas sa labas ng 1 billion dollars para sa ibang bansa aba'y halos mamatay na sa gutom ang mga pilipino dahil sa sobrang mahal ng mga bilihin....at mayaman lang ang yumayaman at ang mga mahirap lalong nag hihirap... anu ba naman tong gobyerno natin!.  yung sa shoal nga yung barko natin is 2 is to 1,000+++ barko ng tsina.. kulang sa mga teacher.. schools.. kakulangan sa trabaho at kung anu-anu pa.. unahin muna sana yung problema ng bansa bago mag papogi sa ibang bansa.. letche plan naman oh!

Ikaw cge anu masasabi mo dito!.

 

Aquino gov’t quizzed on $1-B pledge to IMF

06/23/2012

Some legislators have expressed their disapproval of the reported move by the Aquino government to contribute $1-billion loan to the International Monetary Fund (IMF) to assist euro zone countries stuck in financial crisis.

“Charity must begin at home. The government should prioritize the needs of the country rather than infuse funds to those struggling economically. We have more than enough problems needing those funds,” Senate President Pro Tempore Jinggoy Estrada yesterday said.

The funds provided by the Bangko Sentral ng Pilipinas (BSP) were reportedly

sourced from the dollar reserves that increased due to high remittance from overseas Filipino workers (OFWs).

Estrada noted that there remain some perennial problems such as lack of schools, infrastructure, not to mention the continuing poverty issue in the country today.

While it’s laudable for the government to extend assistance to ailing nations, the upper chamber leader said “it would have been more acceptable if the government has already been able to provide for the basic needs of the people and can finance all infrastructure projects and other programs needing immediate implementation.”

Majority Leader Vicente Sotto III said the Philippines is being made to appear as financially stable when in fact it is not.

“We’re a poor country, let’s not pretend that we are rich,” he was quoted as saying in Filipino.

Sotto expressed his strong objection to the move, saying there are a number of people living below the poverty line who need not only the attention of the government but also financial assistance.

“They should be the ones being addressed by the government, not the other countries,” he stressed.

Sen. Aquilino Pimentel III said the funds should have instead been appropriated for debt servicing, considering that the government continues to be saddled with large national debt.

Recent reports showed that the total outstanding national debt has already reached P4.5 trillion as of end of 2011 and that the government has borrowed more from domestic and foreign sources.

Rather than contributing to IMF funds, Pimentel said the government could have used these funds to settle the principal of some of the foreign-funded loans it has incurred in the past.

Pimentel also sees nothing wrong in questioning the move given the situations he has cited.

Sen. Gregorio Honasan said the move could have been but part of an international commitment of the government to the IMF as the country has been a recipient of its loans for over four decades now.

What is important is to ensure transparency on the conditions made by the government in contributing funds to the IMF, he said.

Anakpawis Rep. Rafael Mariano also criticized the Aquino government’s action.

“The Philippines’ $1-billion pledge to IMF will only give more bragging rights for Aquino,” he noted.

The multibillion dollar crisis fund, also known as the “firewall fund,” is aimed at helping the financial agency respond to the euro zone debt crisis.

Portugal, Ireland, Greece and Spain have asked the IMF for assistance after being locked out of debt markets.

The total pledges announced at the G20 Summit in Los Cabos, Mexico, amounted to $456 billion.

“It is at the height of hypocrisy and insensitivity that the Aquino government would commit a staggering $1-billion to the IMF when Filipinos are in dire need of additional budget for basic social services like health, housing and education,” Mariano noted.

He said the Executive department must pull out the donation.

“Contributing to IMF’s ‘crisis fund’ when our country is in a chronic economic crisis is highly illogical and unacceptable. The Philippines is not even a member-country of the IMF. Aquino’s commitment is of his own volition.”

“The actions of President Aquino favoring foreign interests have further disadvantaged Filipinos,” Mariano said.

The Anakpawis lawmaker said the $1-billion fund would be more beneficial if used to fund the shortage of education materials and equipment for public schools.

Mariano’s party-lst group also joined forces with militant fisherfolk group, the Pambansang Lakas ng Kilusang Mamamalakaya ng Pilipinas (Pamalakaya) as they asked members of the Senate and the House of Representatives to stop Aquino from lending $1billion to the global crisis fund of the IMF.

In a joint a press statement, Anakpawis vice chairman Fernando Hicap and Pamalakaya vice-chairman Salvador France accused the President of offering the people’s hard-earned taxpayers’ money to the $456-billion global bailout fund raising campaign organized by IMF.

“The fund generation campaign of IMF is meant for bailouts of transnational and multinational banks and institutions affected by the current economic depression hurting the economies of US, the European Union and other members of the G8 bloc. And the Philippine government is being compelled to give up one billion dollars of its public funds to finance this greatest transnational robbery of the new millennium,” both leaders said in their joint statement.

But Bangko Sentral ng Pilipinas Governor Amando Tetangco Jr. said the Philippines is supporting the global efforts to stabilize the world economy and maintain it on a growth path.

He added it is the reason the Philippines is extending a $1-billion loan to the IMF. “We are a member of the global community of nations and it is also in our interest to ensure economic and financial stability across the globe.”

Tetangco maintained the loan to the IMF is the Philippines’ way of giving back to the world’s so-called lender of last resort after it helped the country address its financial difficulties in the past.

He added Philippines has been a net borrower from the IMF for almost 40 years until the country finally settled its loans in 2006.

“We appeal to our lawmakers to cross party lines and frustrate this act of modern-day puppetry being carried out by the Aquino administration. We have a lot of problems here pertaining to hunger, poverty and injustice which this administration should effectively address and resolved,” Hicap and France added.

A lawmaker from Eastern Samar, however, lauded the government’s pledge.

Rep. Ben Evardone, said the move would show that the Philippine economy is healthy.

“The decision of the BSP to lend IMF $1 billion is an indication of a healthy economy,” he added.

“That will send a positive signal to international investors that Philippine economy is stable. The mere fact that we have graduated from a debtor to a creditor nation is already a milestone,” the lawmaker said.

Evardone maintained that with a healthy economy, the government can focus in allocating more resources for infrastructure and social services. Angie M. Rosales, Charlie V. Manalo, Gerry Baldo and Pat C. Santos

 

SOURCE : The Daily Tribune


View Message Logs
Locked | Report Report
posted June 23, 2012 10:08AM
batabatuta8
batabatuta8
stars
Ultimate Sulitizen
2282 posts
  • Registered: Jun 11, 2012
kikita naman yan at yun kikitain ay ipambabayad sa utang ng pinas .. mas mabuti na rin yan kaysa mapunta sa mga corrupt

1 member thinks this post is SULIT!
Locked | Report Report
posted June 23, 2012 10:16AM
HARDRIVE
HARDRIVE
stars
Majestic Sulitizen
11277 posts
  • Registered: Jul 29, 2009
  • Last Access From: United States
Pautang ba yn or paraan lang para mapunta sa bulsa nila heheheheh
Locked | Report Report
posted June 23, 2012 10:21AM
Superman2279us
Superman2279us
stars
Elite Sulitizen
703 posts
  • Registered: Mar 10, 2009
  • Last Access From: Philippines
batabatuta8 posted on June 23, 2012 09:08AM
kikita naman yan at yun kikitain ay ipambabayad sa utang ng pinas .. mas mabuti na rin yan kaysa mapunta sa mga corrupt


bayad utang na loob daw tong 1 billion dollars na to.. tulong sa mga naghihirap na bansa.,.. nakakatawa.. tau kaya hindi nag hihirap.. susmaryanong garapon palibhasa kasi yang mga nasa gobyerno hindi nakaka tikim ng pritong tuyo sa hapag kainan.

Locked | Report Report
posted June 23, 2012 10:22AM
ardeelo
ardeelo
stars
Legendary Sulitizen
3629 posts
  • Registered: Sep 23, 2010
  • Last Access From: Philippines
HARDRIVE posted on June 23, 2012 09:16AM
Pautang ba yn or paraan lang para mapunta sa bulsa nila heheheheh


Hmmnn. Kung ipapa-utang sa 3 parties.......paano sa palagay mo mapupunta iyan sa bulsa ng mga corrupt sa gobierno?

Locked | Report Report
posted June 23, 2012 10:32AM
batabatuta8
batabatuta8
stars
Ultimate Sulitizen
2282 posts
  • Registered: Jun 11, 2012

BSP chief: $1B loan to IMF will earn interest, goodwill

June 20, 2012 11:28pm
 
Having near record-high foreign reserves of $76 billion, the Philippines is “capable of lending $1 billion” that will earn interest while helping other countries beset with financial problems, Bangko Sentral ng Pilipinas Governor Amando Tetangco Jr. pointed out Wednesday.
 
"The Philippines is supporting the global efforts to stabilize the world economy and maintain it on a growth path.  This is the reason why the Philippines is extending a $1 billion loan to the IMF,” Tetangco said in a statement.
 
“We are a member of the global community of nations and it is also in our interest to ensure economic and financial stability across the globe,” he added.
 
This pledge to the IMF fund marks the third time that the country has extended a helping hand to other countries that were in troubled fiscal waters. In the past months, the country pitched in for a fund to assist troubled European economies and another buffer fund, the Chiang Mai Multilateral Initiative.

Getting used to being a creditor nation

Tetangco recalled that the Philippines was an IMF borrower for 40 years until 2006.
 
“We finally fully paid our loans to IMF in December 2006 as the implementation of continuing reforms have made our economy stronger. Today, our economic fundamentals are sound, our banks are able to meet domestic credit needs, and we are capable of lending $1 billion from our international reserves to the IMF,” the BSP chief noted.
 
At the G20 Leaders’ Summit in Los Cabos, Mexico, IMF managing director Christine Lagarde thanked the countries “ large and small (that) “have rallied to our call for action, and more may join."

"I salute them and their commitment to multilateralism. As a result, total pledges have risen to US$456 billion, almost doubling our lending capacity,” she said.
 
Lagarde explained that “(t)hese resources are being made available for crisis prevention and resolution and to meet the potential financing needs of all IMF members. They will be drawn only if they are needed, and if drawn, will be refunded with interest.” — ELR, GMA News
Locked | Report Report
posted June 23, 2012 10:39AM
Superman2279us
Superman2279us
stars
Elite Sulitizen
703 posts
  • Registered: Mar 10, 2009
  • Last Access From: Philippines
batabatuta8 posted on June 23, 2012 09:32AM

BSP chief: $1B loan to IMF will earn interest, goodwill

June 20, 2012 11:28pm
 
Having near record-high foreign reserves of $76 billion, the Philippines is “capable of lending $1 billion” that will earn interest while helping other countries beset with financial problems, Bangko Sentral ng Pilipinas Governor Amando Tetangco Jr. pointed out Wednesday.
 
"The Philippines is supporting the global efforts to stabilize the world economy and maintain it on a growth path.  This is the reason why the Philippines is extending a $1 billion loan to the IMF,” Tetangco said in a statement.
 
“We are a member of the global community of nations and it is also in our interest to ensure economic and financial stability across the globe,” he added.
 
This pledge to the IMF fund marks the third time that the country has extended a helping hand to other countries that were in troubled fiscal waters. In the past months, the country pitched in for a fund to assist troubled European economies and another buffer fund, the Chiang Mai Multilateral Initiative.

Getting used to being a creditor nation

Tetangco recalled that the Philippines was an IMF borrower for 40 years until 2006.
 
“We finally fully paid our loans to IMF in December 2006 as the implementation of continuing reforms have made our economy stronger. Today, our economic fundamentals are sound, our banks are able to meet domestic credit needs, and we are capable of lending $1 billion from our international reserves to the IMF,” the BSP chief noted.
 
At the G20 Leaders’ Summit in Los Cabos, Mexico, IMF managing director Christine Lagarde thanked the countries “ large and small (that) “have rallied to our call for action, and more may join."

"I salute them and their commitment to multilateralism. As a result, total pledges have risen to US$456 billion, almost doubling our lending capacity,” she said.
 
Lagarde explained that “(t)hese resources are being made available for crisis prevention and resolution and to meet the potential financing needs of all IMF members. They will be drawn only if they are needed, and if drawn, will be refunded with interest.” — ELR, GMA News


you did not get my point dude... my point here is.. there is still so many issues to be resolve inside the country before lending so much money outside... mas kelangan natin yun.. sabi nga wag naman sana tau mag pretend na mayaman na gayung ang katotohanan halos habulin na natin yung mga top list ng naghihirap na bansa sa buong mundo.

Locked | Report Report
posted June 23, 2012 10:54AM
batabatuta8
batabatuta8
stars
Ultimate Sulitizen
2282 posts
  • Registered: Jun 11, 2012
para sa akin balance lang yun ginagawa ng gobyerno natin sa ngayon kumpara sa mga nakalipas naka upo . mabuti nga yan naipapakita natin na kahit hindi tyo mayamang bansa kaya na natin mag pautang .
Locked | Report Report
posted June 23, 2012 10:58AM
cuecraftsman
cuecraftsman
stars
Elite Sulitizen
778 posts
  • Registered: Apr 20, 2008
  • Last Access From: Philippines

ganyan ba tayo kayaman? i think nag pledge na goverment natin sa IMF... sana nga tinulong nalang internally para sa local economy kesa ibang bansa /economiya pa makinabang? or binawas nalang sa foreign loans pa natin... si GMA nga ba naging economic prof ni PNOY sa ateneo?

Locked | Report Report
posted June 23, 2012 11:07AM
hoho1234
hoho1234
stars
Sulitizen-to-be
21 posts
  • Registered: Jun 3, 2012
it's a loan. babayadan din naman.
Locked | Report Report
posted June 23, 2012 11:08AM
ryanlupetkulet
ryanlupetkulet
stars
Sulitizen-to-be
5 posts
  • Registered: Jun 6, 2009
  • Last Access From: Philippines
Mas okay na yan kesa sa kamay ng corrupt mapunta para sakin, kasi di rin naman magagamit yung pera na yan for infra's etc. kasi galing sa reserve natin.

1 member thinks this post is SULIT!
Locked | Report Report
posted June 23, 2012 11:17AM
Cordille
Cordille
stars
Majestic2 Sulitizen
15886 posts
  • Registered: Sep 9, 2009
  • Last Access From: Saudi Arabia
ok lang siguro ang problema kasi lalong lumaki ang utang natin ngayon sa WB. Yung utang natin sa IMF bayad na lahat noong 2006 (GMA term). payback time na rin siguro.
Locked | Report Report
posted June 23, 2012 11:17AM
rocor1
rocor1
stars
Certified Sulitizen
147 posts
  • Registered: Dec 24, 2008
Mas mabuti dito sa perang ito ay gastusin sa pag develop ng Oil and Gas natin sa Reed Banks, Benham rise as sa Spratlys Island, at least kapwa Pilipino ang makikinabang at maging hindi na tayo Oil import depedant. Huwag kurakutin ok yan.
Locked | Report Report
posted June 23, 2012 11:36AM
G69racerX
G69racerX
stars
Sulitizen-to-be
17 posts
  • Registered: Jun 2, 2012

tingin ko maganda ang motibo ng  pagpapautang ng pera n yan isipin nyo parang nagdeposit k ng pera sa bangko tapos tumutubo kesa naman n nasa bulsa mo lang tapos sa wlang kwentang bagay lang mapunta. may mga budget n sila sa lahat at ang 1 billion n yan ay extra money. kung sakaling pag dating ng panahon kailanganin natin ang mas malaking halaga makakutang din tau .. parang pag sumali k ng kooperativa o coop.

Locked | Report Report
posted June 23, 2012 11:40AM
ChristopherRomano
ChristopherRomano
stars
Sulitizen
54 posts
  • Registered: Jul 26, 2010
  • Last Access From: Philippines
let it be known na khit mahirap ang pinas, handa pa rin tumulong. let's do our share for the whole world, anyway if euro zone could recover, they will not forget about us. remember during the time of marcos, tinulungan natin ang S.korea to recover from devastaton of war and now look at them, they are helping us in return.
Locked | Report Report
posted June 23, 2012 12:33PM
JamesR
JamesR
stars
Majestic2 Sulitizen
21793 posts
  • Registered: Feb 5, 2008
  • Last Access From: Philippines
#15 Poster (All Time)
baka naman may investment sila sa mga company ng mga pauutangin... ang resulta? syempre hindi malulugi investment nila.
Locked | Report Report
posted June 24, 2012 03:08AM
HARDRIVE
HARDRIVE
stars
Majestic Sulitizen
11277 posts
  • Registered: Jul 29, 2009
  • Last Access From: United States
Paano magpa utang ang pinas eh ang dami na nilang utang
Locked | Report Report
posted June 24, 2012 03:36AM
Enzoo
Enzoo
stars
Majestic2 Sulitizen
13829 posts
  • Registered: Apr 17, 2012
  • Last Access From: United Arab Emirates

hay,,there is a a saying na help yourself and clean your own backyard before you go and help clean other peoples backyard. ano na naman ang nasa isip ni pnoy , pang show off lang yan sa ibang bansa,pwede naman tayo magpadala ng ibang tulong na di  financial ehhh.

Locked | Report Report
posted June 24, 2012 04:25AM
samontanez
samontanez
stars
Sulitizen-to-be
32 posts
  • Registered: Feb 23, 2012
  • Last Access From: Denmark

Simple lang yan...ngayong nakabayad na tayo sa utang,dapat tayo naman ang magpautang...maganda nga ang ginagawa ng gobyerno natin kasi pinagaganda nila ang image ng pilipinas para maingganya ang mga businessman ng ibang bansa.Pagmadaming businessman na papasok at maginvest sa pilipinas,madaming trabaho para sa ating mga pilipino..pagdami ng trabaho..pagalwan ng buhay.Pautang naman yon at di bigay sa ibang bansa.At tsaka may tubo naman yon.Pagtaas ng money reserve natin..paglakas din ng ekonomiya.Kaya dapat nauunawaan ng iba kung bakit di ilagay sa ibang bagay.Kahit na parang mali yong ginagawa nila, yon talaga ang tama.Malapit ng umunlad ang pilipinas..kahit di pa masyadong makita.Tamang landas ang tinatahak natin sa ngayon.Basta bigyan lang ng mga pilipino ng pagkakataon ang gobyerno na malinis at maayos ang ating bansa.

Locked | Report Report
posted June 24, 2012 05:16AM
HARDRIVE
HARDRIVE
stars
Majestic Sulitizen
11277 posts
  • Registered: Jul 29, 2009
  • Last Access From: United States
Sa dinami dami ng utang ng pinas
Naka bayad na?wahahahhaha
Locked | Report Report
posted June 24, 2012 06:51AM
eizze15
eizze15
stars
Sulitizen-to-be
3 posts
  • Registered: Nov 14, 2008
tama lng gngwa ni pnoy . . .binabalanse lng nya ang mga bagay bagay. . :) more investors papasok sa atin kapag ginawa ni pnoy un.
Sbi nga nila, gumawa ka ng maganda sa kapwa mo at doble balik nito. Just like what pnoy wants to do. . Bt kailangan pang gastusin ung 1bilion para sa pinas e kung pwd naman tayo umangat ng walang ginagastos kung tutuusin tutubo na ung 1bilion ntn ,tataas pa ekonomiya. .
Hitting 2 birds with one stone heheh


Message appended on June 24, 2012 06:14AM
gaganda tlga image ng pinas. . .isipin nila inuna pa natin tulungan yung ibang bansa meaning hnd tau NAGING selfish. kasi nagpautang tayo kahit tayo mismo nangangailangan. . In return maganda kapalit nyan.if ever mangailangan tayo they will not hesitate to help us..
WE JUST NEED TO TRUST OUR LEADER. Sino p bng dpt na mas higit na magtiwala sa kanya? Diba tayo? Lets just pray na maging tama mga desisyon niya. And tandaan po natin na nagiisa lng po si pnoy , dapat magsimula ang pagbabago sa sarili natin. Kasi kahit anong angat gawin ng leader if tayo mismo ayaw umaksyon walang mangyayari. .hindi ako naniniwala n ang mahirap ay forever mahirap. Wag tayo mag bulagbulagan alam kong may kilala kaung miske isang tao na mahirap pero yumaman, bakit? Kc umaksyon sila e. . -_- if only we'll open our eyes and our mind. . .
Opinion lng po

View message logs
Locked | Report Report
Back to top ▲
Need help?