Philippine Economy Talk

**fleas2016** · August 9th, 2018 08:03 PM

Originally Posted by Monseratto

And money grow in trees as far as idiot is concerned...

Sotto wants 14th month pay for private sector employees | News | GMA News Online

Companies will think twice. The IT firms are starting to prefer Vietnam.

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**chronicle** · August 9th, 2018 08:07 PM

Si sotto rin ang mag sposponsor ng train2 right?

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**Woof** · August 9th, 2018 10:31 PM

Originally Posted by uls

looks like the finance and budget guys are now concerned over govt spending

governments see the private sector as a milking cow

whenever a government decides to spend more money on something they just tax the private sector more

reminder to all governments -- there is no public sector without a thriving private sector

you keep on taxing the private sector it will come to a point where the tax burden is so great you'll kill economic growth and job creation

you're gonna milk the cow to death

I hope the cows turn into bulls!

But seriously, I don't think that will happen. The middle class is so disgustingly passive and apathetic in this country. Palaging hanggang social media at forums na lang. Nobody does solid acts of civil disobedience or public protest anymore. We work like dogs and yet get taxed like crazy. It's just unbelievable sometimes what we put up with here.

**myas110** · August 10th, 2018 12:43 PM

Originally Posted by Monseratto

Licensing is just too expensive...

Nakakasad lang as an NBA fan (kahit hindi ako nakakabili from them).. kaya pala sale sila sa 2 remaining branches ng NBA Store

[emoji20]

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**A121** · August 10th, 2018 07:12 PM

Originally Posted by Woof

I hope the cows turn into bulls!

But seriously, I don't think that will happen. The middle class is so disgustingly passive and apathetic in this country. Palaging hanggang social media at forums na lang. Nobody does solid acts of civil disobedience or public protest anymore. We work like dogs and yet get taxed like crazy. It's just unbelievable sometimes what we put up with here.

You can't blame the middle class for being passive. They thrive on stability thus they don't want to rock the boat too much.

Magkakaproblema na lang talaga if nagugutom na lna karamihan.

**uls** · August 11th, 2018 01:16 AM

**Monseratto** · August 11th, 2018 05:31 PM

Going back to EURO-2 or high-sulfer diesel...

Philippines eyes shift back to cheaper, dirtier fuel to tame inflation | Reuters

MANILA, Aug 10 (Reuters) - The Philippines’ energy ministry has told oil companies to sell a cheaper but dirtier type of diesel oil to motorists to fight inflation, backing away from a two-year-old regulation that banned its use to improve air quality.

The energy department’s plan would need clearance from the environment department, which implemented Manila’s switch to cleaner Euro-IV compliant fuels from Euro-II in January 2016, a rule that covered both oil companies and car manufacturers. The department was evaluating the plan, an official said.

The Department of Energy late on Thursday directed that Euro-II compliant automotive diesel oil should be provided as a fuel option for transport and industrial retail customers “for the purpose of reducing the impact of rising petroleum prices in the world market.”

“We’re studying it right now, giving consideration to their plan to cushion inflation. We’re also looking at the implications for emissions,” Environment and Natural Resources Undersecretary Jonas Leones told Reuters on Friday.

Euro-IV fuels have sulphur content of 50 parts per million (ppm) versus 500 ppm for Euro-II fuels.

Petron Corp, the Philippines’ top refiner, was studying the impact of the energy department’s plan which it only received on Thursday night, a spokesman for the company said. Pilipinas Shell Petroleum Corp, the local unit of Royal Dutch Shell PLC, was checking into the matter, a spokeswoman said.

Philippine annual inflation climbed to its highest in more than five years at 5.7 percent in July, prompting the central bank to raise interest rates for a third time this year on Thursday.

Along with the switch back to Euro II-fuels, Energy Secretary Alfonso Cusi also ordered the government’s Philippine National Oil Company-Exploration Corp to import “low-priced petroleum products, particularly diesel, to mitigate the impact of volatile oil prices.” (Reporting by Manolo Serapio Jr.; additional reporting by Enrico dela Cruz; editing by Richard Pullin)