BBM's Platform of Government

**TopEngine** · December 7th, 2022 03:08 PM

DBCC affirms MOODY’S forecast as fastest growing economy in Asia Pacific

MANILA -- Members of the Development Budget Coordination Committee (DBCC), chaired by Department of Budget and Management (DBM) Secretary Amenah F. Pangandaman, shared their positive outlook for the Philippine economy in line with Moody’s growth forecast for the Philippines in 2023.

As approved by the DBCC, GDP growth in 2023 is expected to range from 6.0-7.0 percent. This is aligned with the Moody’s growth projection of 6.4 percent, which will make the country the fastest growing economy in the Asia-Pacific region. According to the forecast of Moody's, the country will be followed by Vietnam with 6.1 percent, China with 5.1 percent, India with 5 percent, Indonesia with 4.7 percent, Thailand with 3.9 percent, and Malaysia with 3.8 percent. -excerpt

Growth forecast proves PH on right track: Romualdez

“It is reassuring to note that Moody’s sees the Philippines posting the fastest GDP (gross domestic product) growth in the Asia-Pacific region next year. Moody’s projection, along with Finance Secretary Benjamin Diokno’s own statement that our GDP growth will likely reach 7 percent or at least 6.5 percent for this year, validate the rationality of President Ferdinand R. Marcos, Jr.’s decision to relax pandemic-related restrictions, the soundness of his administration’s economic policies, and the competence of his chosen economic managers,” Romualdez said. -excerpt

**baludoy** · December 7th, 2022 03:16 PM

https://twitter.com/FMangosingINQ/st...Y3VJ4JUn5-MWlQ

creepy crawlies at it again.

**Yatta** · December 7th, 2022 03:20 PM

Originally Posted by TopEngine

Are you inhaling something? I find your question ridiculous.

It is not an objective write ups, rather political. Haven't you travelled abroad? Inflation is worldwide hahah....

Yeah, and so is COVID. But have you seen the graphic 2 pages ago? And like COVID, some countries are managing it better than others. Even Cambodia's is almost less than half as ours.

Paulit-ulit na lang na excuse na "worldwide". Tama na yang excuses.

**TopEngine** · December 7th, 2022 03:32 PM

Originally Posted by Yatta

Yeah, and so is COVID. But have you seen the graphic 2 pages ago? And like COVID, some countries are managing it better than others. Even Cambodia's is almost less than half as ours.

Paulit-ulit na lang na excuse na "worldwide". Tama na yang excuses.

So that Philippines would not feel the high pricing commodities from the global inflation, what's your solution to lower it? hahah...

**dreamur** · December 7th, 2022 03:33 PM

Originally Posted by TopEngine

DBCC affirms MOODY’S forecast as fastest growing economy in Asia Pacific

MANILA -- Members of the Development Budget Coordination Committee (DBCC), chaired by Department of Budget and Management (DBM) Secretary Amenah F. Pangandaman, shared their positive outlook for the Philippine economy in line with Moody’s growth forecast for the Philippines in 2023.

As approved by the DBCC, GDP growth in 2023 is expected to range from 6.0-7.0 percent. This is aligned with the Moody’s growth projection of 6.4 percent, which will make the country the fastest growing economy in the Asia-Pacific region. According to the forecast of Moody's, the country will be followed by Vietnam with 6.1 percent, China with 5.1 percent, India with 5 percent, Indonesia with 4.7 percent, Thailand with 3.9 percent, and Malaysia with 3.8 percent. -excerpt

Growth forecast proves PH on right track: Romualdez

“It is reassuring to note that Moody’s sees the Philippines posting the fastest GDP (gross domestic product) growth in the Asia-Pacific region next year. Moody’s projection, along with Finance Secretary Benjamin Diokno’s own statement that our GDP growth will likely reach 7 percent or at least 6.5 percent for this year, validate the rationality of President Ferdinand R. Marcos, Jr.’s decision to relax pandemic-related restrictions, the soundness of his administration’s economic policies, and the competence of his chosen economic managers,” Romualdez said. -excerpt

You have a way of twisting facts to fit your narrative. I give you that. That is how you earned your keep anyway.

I was asking about your nose because I'm sure it's darkened already from getting burried so long in BBM's ass.

https://www.bworldonline.com/economy...utlook-to-6-7/

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**kisshmet** · December 7th, 2022 03:34 PM

Originally Posted by uls

pano pag natalo sa sugal si maharlika?

nawala ung pera ng GSIS/SSS

pano na pag kailangan na ung pondo para sa claims/benefits ng mga member

di naman mahirap maintindihan diba?

raise the contributions

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**Yatta** · December 7th, 2022 03:48 PM

Originally Posted by TopEngine

So that Philippines would not feel the high pricing commodities from the global inflation, what's your solution to lower it? hahah...

Why ask me, I didn't run and much less elected? Why don't you ask your boss what his solution is? Because obviously you are as clueless as the 100M Filipinos. Di kasi nagpakita sa mga debate eh.

**TopEngine** · December 7th, 2022 05:02 PM

**Yatta** · December 7th, 2022 05:33 PM

MANILA, Philippines — Less than a week after receiving support from the country’s biggest business organization, the government’s bid to put up the country’s first sovereign wealth fund (SWF) suffered a big blow after the same trade group on Tuesday joined the growing opposition to the plan.

The Philippine Chamber of Commerce and Industry (PCCI) is now urging the government to reconsider the creation of the SWF, reversing its position last week as the first major private sector association to support the proposal contained in House Bill No. 6398, or the Maharlika Investments Fund Act, which was filed by Speaker Martin Romualdez, Ilocos Norte Rep. Sandro Marcos and four other lawmakers.

Read more: Proposed Maharlika fund loses support of PCCI | Inquirer News
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**Yatta** · December 7th, 2022 05:57 PM

It would seem global events are conspiring against the Marcoses in their effort to rally public support for their proposed Maharlika Wealth Fund. Never mind how, in Malaysia, the fact that the new prime minister, Anwar Ibrahim, concurrently finance minister, has led to a coalition partner reassuring the public it won’t result in a 1MDB situation because scrutiny is higher and, in a multiparty coalition, executive autonomy is limited. Look instead at Norway, which has the world’s biggest sovereign wealth fund (built on windfall proceeds from oil and gas reserves), and lost a mind-boggling $174 billion in the first quarter of this year, a return on investment of negative 14.4 percent. This was the largest six-month loss in the 26 years that the fund has existed. Reuters reported the losses were led by a 28 percent “plunge in the value of its technology stocks.” Temasek, in our region considered the gold standard in sovereign wealth funds, is itself licking its wounds after it had to write off its entire $275 million investment in FTX, the world’s third-largest cryptocurrency exchange, which recently collapsed.

Read more: Blink thrice if you don’t mean it | Inquirer Opinion
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