What's new

Philippines Defence Forum

Are you sure you pressure us to leave the oil rig? If we come back, does that mean your pressure is a joke? LOL

No, China Did Not Blink by Removing Its Oil Rig | The Diplomat

Ha Ha Ha. My dear friend, your side relented to the Vietnamese. You gave the tactical victory for them; they lost 1 fishing ship, but your side relented. Now, the Vietnamese Navy has all but cordoned the area, with increased coast guard patrol.

Good Job to our Vietnamese friends! ^^,
 
.
Ha Ha Ha. My dear friend, your side relented to the Vietnamese. You gave the tactical victory for them; they lost 1 fishing ship, but your side relented. Now, the Vietnamese Navy has all but cordoned the area, with increased coast guard patrol.

Good Job to our Vietnamese friends! ^^,
Don't be surprise if we come back to patrol our properties. We are in the process of building a couple more oil rigs. LOL
 
. . . .
15 Year Old Invents Device That Generates Electricity While You Walk
15-Year-Old-Invents-Device-That-Generates-Electricity-While-You-Walk.jpg

15-year-old Angelo Casimiro, from the Philippines, has recently made international news with a new invention that generates electricity in a very new and interesting way. The invention is a shoe insole that harnesses electricity every time that the person wearing the shoe takes a step. Angelo constructed his device using piezoelectric materials, which actually generate an alternating current voltage every time they are squeezed.According to a blog post made by the teenager, “Piezoelectricity was present ever since mid-18th century. Piezoelectricity is the electric charge that accumulates in certain solid materials (such as crystals, certain ceramics in response to applied mechanical stress.”
Young Angelo has been working hard developing this idea for the past 4 years, since he was 11 years old. Now that he believes he has perfected his invention, he is prepared to share it with the world. He started by entering the project into this year’s Google’s Science Fair, where he has become a regional finalist.
The device can be used to charge cell phones and other electronic devices, which may not sound like a big deal, but it is actually a huge innovation. Imagine never worrying about charging your cell phone ever again when you are out on vacation, at a festival or on a hike. Additionally, Angelo has made the plans for the device open sourced, so others can apply their own ideas to this concept, and possibly be able to improve this idea for wider uses.
 
.
Oh please you have real points to make its like try to justicy how paint drys its illogical just admit it.

@Cossack25A1 , @Zero_wing , @JayMandan , @Pinoy , @Nihonjin1051

Kamusta mga Amigong Pilipino,

Meron mo ba news updates sa development sa situwasyon sa Philippine Navy ? Sobrang interesado ako sa development sa PN.

Maraming na maraming salamat,
Isang Amigong Hapon,
@Nihonjin1051


PS. Anong news update sa Cebu? Kasi mahal na mahal ko Cebu Ciy!

Wow nice taglish keep praticing man you will get the it soon as of now wala pa just the Anti sub helicopter project and the SSV project and the Marines corp projects Assault Amphibious vechicle project and the equipment project the rest is Army and Airforce
 
.
Palparan captured while drawing cash from ATM | The Manila Times OnlineThe Manila Times Online

Palparan captured while drawing cash from ATM
August 12, 2014 11:30 pm

ALL the years of hard work and painstaking intelligence gathering by an exclusive unit of military operatives under Task Force Run Away were finally rewarded yesterday morning with the arrest of the elusive fugitive, retired Maj. Gen. Jovito Palparan.

Defense Secretary Voltaire Gazmin said he ordered a few years back the formation of Task Force Run Away, a unit under the Armed Forces of the Philippines (AFP), which was solely dedicated to the manhunt and capture of Palparan.

The controversial general was spotted withdrawing cash in an automated teller machine, hours before he was arrested by combined elements of the AFP and the National Bureau of Investigation (NBI) on Tuesday.

Gazmin, likewise, confirmed that Palparan sent surrender feelers last year on condition that he would only give himself up to President Benigno Aquino 3rd.

But he reportedly rejected Palparan’s condition and had not heard from him again thereafter.

AFP chief of staff Gen. Catalino Pio Catapang said he would order an investigation to determine if some active members of the military had coddled Palparan as a fugitive.

He pointed out, though, that they have no jurisdiction on retired military officers and personnel.

Catapang said he had known Palparan since the time they were young officers.

“He was really an aggressive officer, an anti-communist and he really did his job well,” Catapang said, even as he pointed out that under the rule of law, Palparan is presumed innocent until proven guilty.

AFP spokesman Lt. Col. Ramon Zagala, meanwhile, disclosed that the New People’s Army (NPA) has a standing “shoot to kill” order against Palparan.

“The CPP-NPA has already declared him guilty and the standing order against him is ‘shoot on site’,” he added.

Palparan and three other Army personnel are charged with the 2006 kidnapping of University of the Philippines students Karen Empeno and Sherlyn Cadapan.

Strong evidence
State Prosecutor Juan Pedro Navera said there are eye witnesses who can pin down Palparan, who is facing criminal raps at the Bulacan Regional Trial Court Branch 14.

“Of course, of course, [the evidence against Palparan is strong], based on the testimonies of Raymond Manalo and the other eye witnesses,” Navera told reporters.

Navera said Palparan’s arrest will expedite the resolution of the case.

Kilusang Mayo Uno (KMU) challenged the administration of President Benigno Aquino 3rd not to give special treatment to the retired major general, who is also known as the “notorious butcher,” after he was arrested by the NBI agents early on Tuesday.

But KMU Vice-Chairperson Lito Ustarez said Palparan should rot in jail.

“The handling of his [Palparan] case will be a test for the Aquino government and the justice system,” Ustarez said in a statement.

“We are calling on the Filipino workers and people to continue the struggle to make
Palparan accountable. Let us continue the struggle for human rights and justice,” he added.

Meanwhile, Vencer Crisostomo, Anakbayan chairperson, said the arrest of Palparan reminded them of the disappearance, torture, abduction and murder of the victims of counter-insurgency program Oplan Bantay Laya 1 and 2, a project of Palparan during the Arroyo presidency, where militant students, youth leaders, peasants and workers like Empeño, Cadapan, Cris Hugo, Ambo Guran and Farley Alcantara were arrested or abducted.

Crisostomo added that the campaign against militants continues even today under the Aquino administration’s Oplan Bayanihan.

Meanwhile, the Philippine Chapter of the International League of Peoples’ Struggle (ILPS-Phils) cheered Palparan’s arrest.

They said Palparan led the US-backed counter-insurgency program Oplan Bantay-Laya during the nine-year rule of Arroyo.

Under the program, human rights group Karapatan has documented at least 1,206 cases of extra-judicial killings and 206 victims of enforced disappearances who remain missing to this day.

Fulfillment of a promise
In Malacañang, Presidential spokesperson Edwin Lacierda said the former military general’s downfall was a “fulfillment” of Aquino’s promise.

“President Aquino promised that those who evade the law will be found. That promise to capture General Palparan has been fulfilled today,” Lacierda said.

“Today, this resolute determination has paid off, the long arm of the law has finally reached Mr. Palparan,” he stressed.

WITH ROBERTZON F. RAMIREZ AND JOEL SY EGCO

---------------

Sadly, the government would rather listen to Communists (Communist Party of the Philippines-National Democratic Front and even New People's Army) who spread lies and launch raids in the province in an attempt to gain more "followers" while their leader is in exile in the Netherlands.

The picture says:

"Dear (leftist) Activists, while you expose yourself under the scorching heat of the sun and get an untimely beating, Joma (Jose Maria Sison - leader of the CPP) who duped you into his movement is living an extravagant life in the Netherlands. What kind of STUPIDITY is that?"
 

Attachments

  • communism is a lie.jpg
    communism is a lie.jpg
    54.2 KB · Views: 67
Last edited:
.
Wooops...
-----
30 hurt as MRT 3 overshoots barrier
4:24 pm | Wednesday, August 13th, 2014


MANILA, Philippines—At least 30 people were hurt when a wayward Metro Rail Transit 3 (MRT) train got derailed Wednesday afternoon after overshooting the barrier at the Taft Avenue Station on Edsa in Pasay City.

“There were 30 to 35 persons injured and they were already brought to the hospitals,” said Pasay City Mayor Antolino Calixto.

A video of the accident obtained by INQUIRER.net showed some passengers scampering to safety.

The injured were brought to San Juan de Dios Hospital, Pasay City General Hospital and Manila Sanitarium.

“Definitely there were some that suffered fractures,” he said.

The front part of the train, which usually carries women, children elderly and disabled punched through the wall.

The driver of the train is currently with MRT officials, Calixto said.
At the Pasay City General Hospital, Dr. Noel Lo said that of the injured passengers rushed there, three suffered serious injuries.

“Three were seriously injured. A man suffered fracture on his foot while the others suffered lacerations,” Lo said.

The eldest among the 20 is a 51-year-old woman.

Meanwhile in San Juan de Dios Hospital, eight individuals were admitted but their injuries were not critical.

Coupling failure

Hernando Cabrera, MRT spokesman, said in a radio interview that the train, which stalled between Magallanes and Taft Avenue stations due to power problem, was being pushed by another train, but the coupling that should lock the two trains got unbuckled.

Cabrera said the defective train, which gained momentum after the initial push, broke away and overshot the “wall stopper” (barrier) at Taft Avenue Station.

“We are checking if human error or not [caused the accident],” Cabrera added.

It is also worth noting that the rail tracks from Magallanes to Taft Avenue stations is a downward ride.

MRT still operational

Despite the accident, the MRT management said its operations remain normal, but the management said passengers should expect delays.

Meanwhile, Metropolitan Manila Development Authority (MMDA) advised motorists to expect heavy traffic along the Edsa Taft intersection while the authorities clear the area.


http://newsinfo.inquirer.net/628821/mrt-train-derailed-report
 
.
Water rationing looms in 2015 | ABS-CBN News

Water rationing looms in 2015
By Neil Jerome Morales, The Philippine Star
Posted at 08/13/2014 2:56 AM


MANILA, Philippines - West zone concessionaire Maynilad Water Services Inc., the country’s largest water distributor, is considering water rationing early next year should a moderate El Nino weather phenomenon hit the country in the fourth quarter of this year.

“The worst case is that we will have El Niño and we end the year below the 200 meters above sea level (MASL),” said Maynilad chief financial officer Randolph Estrellado.

He said some Maynilad customers might not be able to enjoy 24 hours of service, while others might experience a decline in water pressure given the rationing, which could last until summer.

“(The water supply) will depend on how bad El Niño will be,” he said.

Maynilad president and chief executive officer Victorico Vargas added that withdrawal of water from Angat Dam would have to be reduced to expand its usage.

Manuel Pangilinan, chairman of Maynilad’s parent firm Metro Pacific Investments Corp., said the target is for Angat Dam to end the year at 200 MASL, ideally 210 MASL, to ensure water supply in the coming year. However, El Niño will cut rainfall and typhoons in the coming months.

As of Aug. 11, water at Angat Dam was at 177 MASL. The National Water Resources Board is no longer releasing water for irrigation of rice farms.

But officials said there would be no repeat of the 2010 situation when water level at Angat Dam went down to 157 MASL, with around 322,000 Maynilad customers affected.

Repair projects

Vargas said non-revenue water, or water lost through leaks and theft, dropped to a record 31 percent in June from 35.3 percent in the first quarter this year, given Maynilad’s pipeline repair projects.

When MPIC took over Maynilad in 2007, non-revenue water stood at 68 percent.

“You may have to tap water treatment plant in Putatan, which is now 70 million liters per day but we should increase that capacity,” Pangilinan said, adding that Maynilad has built 28 water reservoirs in the city to help increase water supply.


-----

Sadly, this news was revealed way back in 2010, just before former president Arroyo stepped down. So what the hell did Aquino did from 2010 up to 2014, aside from blaming everyone and "hiding inside Malacanang complex to play PS3/PS4 and PSP/Vita all day"?

http://www.abs-cbnnews.com/business...a-water-preparing-against-2015-water-shortage
 
.
Bad news for the Philippines:

VIDEO, NEWS5 EXCLUSIVE | President Aquino says he is open to Cha-Cha, 2nd term, and a weaker SC

(UPDATED 9:00 p.m.) MANILA - President Benigno Aquino III on Wednesday said he is open to constitutional amendments, expressing what he perceives to be a need to clip the powers of the Supreme Court, while potentially paving the way for a second term for himself.

In an exclusive interview with News5's resident legal analyst Atty. Mel Sta. Maria, Mr. Aquino replied to this question: "Sarado ba kayo sa pag-aamyenda ng Constitution hanggang ngayon?" (Are you still closed to amending the Constitution until now?)

Aquino replied: "Bago nito, bago nangyari lahat ng ito, sarado....aminado ako (Before all these things happened, I was closed to it, I admit that)."

"Pero ngayon, napapag-isip ako talaga... yung tinatawag na judicial reach (But now, I'm seriously rethinking things. Because of the judicial reach.)"

The President stressed that he was worried that opening up the Constitution to amendments could result in some of the "good provisions" also being "diluted." Still, he noted how the 1987 Constitution mandated the Supreme Court to step into even political questions, in contrast to the setup when the Marcos-era SC refused to check the Executive on the 1972 martial law declaration because it was a "political question."

"And in fact in the 1987 Charter's martial law provision, any citizen may petition the SC as to the factual basis for the imposition of martial law," Aquino noted. "Ang problema lang ngayon, may nagtatanong, sobra ba?" (The problem now is, there are those who ask: Has it gone too far?)

He said under the current setup, the court can say, "Yung kongreso, executive, kumilos kayo, pero anytime, puede namin kayong kastiguhin...(Congress and Executive may do their work, but we can check them anytime)." Consequently, instead of being judicious with "judicial restraint," added Aquino, "parang masyadong madalas ginagamit (it seems the Court is using its powers to check other branches much too often)."

He added: "Ngayon, yung balance between the three branches, tila nawala." (Now, the balance between the three branches seems to be vanishing.)

Mr. Aquino alluded to the ruling on the Disbursement Acceleration Program (DAP), which he said shattered the constitutional presumption of innocence before being proven guilty. He noted that the Court not only declared the DAP unconstitutional, it also excoriated the Executive's "bad faith" and the presumption of regularity of official acts.

Aquino's statement came on the eve of hearings in the House of Representatives for the judiciary's 2015 budget. Representatives of the Court, led by SC justices, were expected to attend the hearings on Thursday.

The hearings on the judiciary's budget comes amid weeks of tension between the Executive and the Judiciary following the July 1, 2014 ruling by the high tribunal, declaring unconstitutional the key planks of the President's pet economic stimulus scheme, the Disbursement Acceleration Program (DAP).

The President fired the opening salvo in the ensuing word war by openly attacking the SC in a national address aired live on television last July 14.

Then, his close allies in the House of Representatives aired moves to abolish the Judiciary Development Fund (JDF), or at least investigate how the SC has been spending it. Some allies openly talked of impeaching SC justices, reviving criticism about how the Executive "bribed" lawmakers to secure a conviction of then Chief Justice Renato Corona in 2012.
Soon after, the court blocked two attempts by Internal Revenue Commissioner Kim Henares to get copies of the Statement of Assets, Liabilities and Net Worth (SALN) of all sitting justices over the past 10 years. Court sources earlier told InterAksyon.com the request was unprecedented and smacked of a "fishing expedition."

The latest irritant between the two branches is the Judicial and Bar Council's exclusion of Solicitor General Francis Jardeleza from the list of nominees to be considered for the vacant SC seat left by the May 2014 retirement of Associate Justice Roberto Abad. Malacanang Palace wrote the SC, asking it to direct the JBC to give Jardeleza a chance to answer questions raised against him.

Second term? PNoy will listen to 'bosses'

Asked by News5's Sta Maria if the constitutional amendment the President is now backing would also render him open to seeking another term in office, Mr. Aquino said: "Nung pinasukan ko ito, ang tanda ko one term of six years...Ngayon, after having said that, syempre ang mga boss ko, kelangan kong pakinggan 'yon." (When I first got into this, I noted, one term of six years. Now, after having said that, of course I have to listen to the people.)

He quickly stressed, however: "Hindi naman ibig sabihin..na automatic na hahabol pa ako na magkaroon pa ako ng dagdag dito, 'no?" (That doesn't automatically mean I'll be chasing after another term, right?)

The President told Sta. Maria he wants to consult the people on one crucial question: "How do we ensure the reforms we began will become permanent?" he said in Filipino.

His response echoed the coy remarks of Lacierda last week when he was asked by Palace reporters to comment on the statement made by Interior Secretary Mar Roxas to ANC, saying that if it were up to him, he'd rather have Mr. Aquino serve for another term.

Lacierda stoked intrigue over the President's openness to Roxas' float last week, even as all the talk was later quashed by Presidential Communications Secretary Herminio Coloma. Coloma said the President was in fact "counting the days" left in his term and was looking forward to being spared of the crushing burden of his office in 2016.

Lacierda did not shoot down outright the notion of a second term for Aquino despite the 1987 Constitution's term limits, but instead kept saying that it was the President's policy right from the start to "listen to his bosses," the term Aquino had used to refer to the people, since he took power in 2010.

Lacierda insisted, however, the Palace had nothing to do with a perceived "campaign" in social media to get more people to line up behind the idea of a second term for Aquino.

The 1987 Constitution is ironically called "the Cory Constitution" because it was drawn up soon after the incumbent's mother Corazon became president in 1986 with the peaceful revolt that ousted dictator Ferdinand Marcos.

The former president made it her top priority to put in place a Constitution to guide the nation through the process of democratic restoration after two decades of strongman rule.

Mrs. Aquino repeatedly shot down suggestions to amend the 1987 Charter later, and mustered a huge rally at the Rizal Park in September 1997, in a bid to dissuade her hand-picked successor, then President Fidel Ramos, from tinkering with the Charter to lift term limits.

-----

His reasons for constitution change is not to open the Philippines to foreign investors, rather, Noynoy Aquino is trying to reduce the power of the Philippine Supreme Court and likely center it to the Executive and Legislature or worse, the Legislature would allow the Executive to have more power, destroying the concept of "Separation of Powers."

And the fact that ABNoy now said that he will listen to his bosses (the pro-Aquino masses and "shadowy" figures in the oligarchy) means that he would likely consider to be president until 2022. I don't care if he is re-arming the Armed Forces of the Philippines, the fact that he is willing to destroy the constitution means he IS NOT FIT to be president. Since 2010, the Philippines has seen one fiasco go by, only to be followed with more fiasco and disaster!

To Filipino users here, if you are pro-Aquino and agree with DAP, then you are blinded by the local media!
 
.
I think Aquino government's thrusts is only to please the oligarchs.

6 years is long enough if he sincerely want to eradicate poverty, make health and education more accessible, lower down energy costs, and lower down prices of basic commodities...in fact, having all the powers vested in him ( as president), 6 years is even too long. To effect change that is felt, we do not need programs that enriches only the rich and keep the lower sector of society waiting for the leftovers. this is not hard to understand as well.



Saab positions to meet Philippines combat aircraft requirement
Jon Grevatt, Bangkok - IHS Jane's Defence Industry

Saab is positioning itself as an early contender to meet the Philippine Air Force's (PAF's) anticipated requirement to procure a multirole combat aircraft (MRCA) platform.

The Swedish group displayed its JAS 39 Gripen fighter aircraft at the inaugural Asian Defence, Security & Crisis Management (ADAS) exhibition held in Manila in mid-July.

Mikael Olsson, executive vice president, Saab Asia Pacific, told IHS Jane's on 31 July that although the PAF has not yet formerly announced the MRCA programme, Saab is ready to meet the requirement with the Gripen aircraft and help the PAF maximise the benefits of operating the multirole fighter.

Saab positions to meet Philippines combat aircraft requirement - IHS Jane's 360



CAS aircraft to be armed with precision guided munitions --DND
Friday, 08 August 2014

In line with its efforts to make its close air support (CAS) aircraft more capable, the Department of National Defense (DND) has said the plane will be armed with precision guided munitions, a kind of weaponry that can be guided by lasers to its targets.

In a supplemental bid bulletin posted on the DND website, it said this capability must be present in the designs which will be submitted by prospective bidders to the P4.9-billion CAS aircraft project.

Bid opening and submission for the CAS project has been reset to Oct. 3 from the original date of Aug. 11.

In connection with this, DND Special Bids and Awards Committee-1 chair Undersecretary Fernando Manalo said that a second pre-bid conference will be held this coming Sept. 15.

This will be held at the DND Bidding and Awards Committee Conference Room, DND Building, Camp Aguinaldo, Quezon City.

Bid opening and submission will also take place at the same place.

The DND is planning to acquire six CAS aircraft to replace or beef up the Philippine Air Force's existing Rockwell OV-10 "Bronco" turboprop attack planes.

CAS refers to the capability to provide air support to infantry and naval units in contact with the enemy.

Funding for this weapon system will be sourced from the Revised Armed Forces of the Philippines (AFP) Modernization Program.

Manalo earlier said that the contract includes integrated logistic support system.

Winning bidders must be able to deliver the aircraft within 540 calendar days from contract effectivity.

Participants in the DND's CAS project must have completed a similar program within the last 10 years.

Manalo added that the CAS aircraft must be used by the countries offering and manufacturing them. (PNA)

- See more at: CAS aircraft to be armed with precision guided munitions --DND



Two armed AW-109s to be delivered by January 2015
by Editor 13/08/2014

Philippine News Agency – The two armed AgustaWestland AW-109 “Power” helicopters, which are intended for the use of the Philippine Navy (PN), will be delivered by January 2015.

This was revealed by PN public affairs office chief Lt. Cmdr. Marineth Domingo in a message to the PNA. “The two [armed versions] AW-109s are expected to be delivered by January 2015,” she added.

This is part of the five helicopter order from AgustaWestland inked by the Department of National Defense last year. Three of the planes were delivered in Dec. 8 and were commissioned in Dec. 20 last year. The contract is worth P1.33 billion.

The AW-109 “Power” helicopter is a three-ton class eight seat helicopter powered by two Pratt and Whitney PW206C engines.

The spacious cabin is designed to be fitted with a number of modular equipment packages for quick and easy conversion between roles.

The aircraft’s safety features include a fully separated fuel system, dual hydraulic boost system, dual electrical systems and redundant lubrication and cooling systems for the main transmission and engines.

The AW-109 has established itself as the world’s best selling light-twin helicopter for maritime missions.

It’s superior speed, capacity and productivity combined with reliability and ease of maintenance make it the most cost effective maritime helicopter in its class.

For shipboard operations the aircraft has a reinforced-wheeled landing gear and deck mooring points as well as extensive corrosion protection measures.

The ability to operate from small ships in high sea state enables the AW-109 to perform its mission when many other helicopters would be confined to the ship’s hangar.

Two armed AW-109s to be delivered by January 2015
 
Last edited:
.
Philippines proposes 29% defence budget increase

2015budgetpie.jpg


Philippine President Benigno Aquino has proposed a 2015 defence budget of PHP115.5 billion (USD2.6 billion), which according to official figures is a 29% increase over military spending in 2014.

A government statement said the proposed defence budget - announced on 30 July - amounts to 4.4% of total government spending for 2015 and 0.8% of GDP. The defence budget comprises PHP100 billion from annual government expenditures and PHP15 billion allocated towards procurement from the Armed Forces of the Philippines (AFP) modernisation programme.

Of the PHP100 billion, the Philippine Army will receive PHP41.2 billion while the Philippine Air Force and Philippine Navy have been allocated PHP14.6 billion and PHP13.3 billion respectively.



Philippines DND seeks additional USD228m procurement spending

10 August 2014

The Philippines Department of National Defense (DND) is seeking an additional PHP10 billion (USD228 million) in military procurement funding, a DND spokesman told IHS Jane's on 11 August.

The funding, if secured, would be in addition to the PHP115 billion that defence was allocated in the Philippines' Fiscal Year 2015 (FY 2015) national budget, which was announced on 30 July.

The DND spokesman said the additional allocation is part of a "supplemental request" and will be used for military procurement. The extra funding would be made available by the government's Department of Budget and Management for specific purchases requested by Philippine Defense Secretary Voltaire Gazmin and the DND's bids and awards committee.



PH economy to grow 6.7% in 2014 – UN ESCAP
The Philippines will end the year with private consumption- and investment-driven growth, the UN ESCAP says

united-nations-escap20140807.jpg



MANILA, Philippines – The Philippine economy is forecast to expand by 6.7% this year, with growth to be driven by private consumption and investment, the United Nations Economic and Social Commission for Asia and the Pacific's (UN ESCAP) said Wednesday, August 6.

The UN ESCAP forecast is at the lower end of the government's 2014 target of 6.5% to 7.5%.

"The Philippines, in contrast to other major economies experiencing moderate growth, is forecast to experience a high growth rate of 6.7% in 2014. This is, however, lower than the strong growth performance of 7.2% in 2013 despite the destruction wrought by Typhoon Haiyan in November that year," the UN ESCAP said in its latest report.

The UN ESCAP report, "Economic and Social Survey of Asia and the Pacific 2014," also cited the Philippines as an example of growth driven by a conducive policy climate. It mentioned the government's significant productive public spending in infrastructure and social areas, and increased private investment.

The UN ESCAP also said that the Philippine government may need to consider relaxing its fiscal deficit gap of 2% of Gross Domestic Product (GDP) to finance the reconstruction of Typhoon Haiyan-hit areas and to close infrastructure gaps in general.

The UN ESCAP analysis also suggests that tax revenues could be raised by about 11%.

"Among others, policies to enhance domestic resource mobilization include rationalizing the tax system to create a larger tax base, tackling tax evasion and tax fraud, and strengthening tax administration," the UN ESCAP said.

June spending to 'support' Q2 growth

Meanwhile, National Economic and Development Authority (NEDA) Director General Arsenio Balisacan said on Wednesday, August 6, that the increased spending in June can help support economic growth in the second quarter of the year.

"The manufacturing and services sectors are doing quite well. As for the agriculture sector, some crops were destroyed, so Typhoon Glenda could have dampened a bit of the growth," Balisacan said at the sidelines of the Development Budget Coordination Committee briefing on the proposed 2015 budget.

The NEDA chief added that he hopes the truck ban in Manila and the resulting cargo congestion at the Manila port would have only marginal effect on the economy, even as he suggested that these had contributed to higher prices of goods.

"[It would be best] if we would be able to solve this the soonest. I think the port problems would have contributed to the escalation of prices," Balisacan said.

Finance Secretary Cesar Purisima, who was also at the budget briefing, said that the truck ban is not the only issue that needs to be addressed, but also the lack of capacity of Manila ports to handle all containers.

"We encourage users to use the Batangas and Subic ports. So far there has been a big improvement in the utilization of both ports," Purisima said.

 
.
PH’s first subway system included in P602 billion worth PPP projects
8/08/2014

mkytf5.jpg


Private-Public Partnership Center executive secretary Cosette Canilao said 18 major infrastructure projects worth PhP602.2 billion will be launched before June 2015.

“We have identified these 18 projects which we are to roll out by June of 2015.” These projects are among 47 PPP projects included in the pipeline.

“This is product of about two years of streamlining processes of establishing interaction between various government agencies including capacities not only in the public sector but increasing the appreciation of the private sector on PPP projects,” PPP Center executive secretary said.

One of the biggest ticket in the list is the first subway system in the country. It is a 12-kilometer underground rail line that will connect Bonifacio Global City, Makati Central Business District and the Mall of Asia in Pasay City. The project will cost P132 billion, project launching is expected on December.

Another big ticket, the biggest, is the PhP265.3 billion North-South Commuter Rail project aiming to modernize the PNR Railway system. Project is expected to be launched on November.

Included in the 18 major infrastructures are the development of airport in Davao, Iloilo, Bacolod, Laguindingan, Bohol and Puerto Princesa. These projects are expected to be open for bidding next month.




PH exports jump 21% in June, highest in 6 months
Aug 12, 2014

The country was the ‘top performer’ among trade-oriented economies in East, Southeast Asia

electronics--holdingchip-PHilippineExports.jpg

POSITIVE GROWTH. Semiconductors, which comprised more than half of the country’s total electronics exports during the period, posted its first positive growth rate in 2014. File photo by Agence France-Presse

MANILA, Philippines – Philippine exports grew at their fastest pace in 6 months in June, on the back of a rebound in electronics shipments. The country is the top exporter among “trade-oriented” East and Southeast Asian economies, according to the government.

Export earnings in June totaled $5.44 billion, up 21.3% from $4.49 billion in June 2013. This was the fastest growth since December, when exports grew 24.9%.

For the first half of 2014, exports rose 8.3% to $29.8 billion from $27.5 billion in a comparable period last year, data from the Philippine Statistics Authority showed.

The Philippines outperformed Vietnam (12.7%), People’s Republic of China (7.2%), Malaysia (5.6%), Singapore (4.7%), Thailand (3.9%), Indonesia (3.8%), Hong Kong (2.7%), Republic of Korea (2.5%), Taiwan (1.2%), and Japan (-6.5%).

“This is the highest level since the economy started posting a continuous positive growth in the same period last year. It is also way faster than the 6.9% increase in May 2014and the 4.1% in June 2013,” Economic Planning Secretary Arsenio Balisacan said.

“The export gains are broad-based, as reflected by increased overseas demand for our manufactures, mineral products, total agro-based, and forest products. This also indicates that the global economy is ready for a strong recovery,” he added.

Top export commodities

Shipments of the biggest export group, electronics, mainly semiconductors, rose 10.7% in June to $2.22 billion. This was a reversal of the 2.2% decline last year.

“The positive performance of semiconductor exports mirrored the upward trend in the global chip industry,” Balisacan said.

Other commodities that posted positive growth were:

  • machinery and transport equipment
  • bananas (fresh)
  • other mineral products
  • other manufactures
  • articles of apparel and clothing accessories
  • ignition wiring set and other wiring sets used in vehicles, aircraft, and ships
  • electronic products
  • chemicals

Favorable performance throughout 2014

Balisacan said the overall outlook for Philippine exports was bullish in view of favorable expectations on the global economy, particularly the advanced countries of US and Europe.

On the domestic front, industry expectations also point to favorable export performance. The Semiconductors and Electronics Industries in the Philippines Inc. and exporters of some non-electronics manufactures such as furniture, fixtures, and garments “expect upward adjustment and expansions in their annual growth forecasts,” Balisacan noted.

“For agro-based commodities, bright prospects for banana and mango exports are seen on the back of a possible increase in market access, notably in Australia and the US,” the cabinet official concluded.

Japan biggest market

Japan was still the top destination of Philippine exports in June, accounting for 17.6% or $956 million of the receipts.

China came second, with a 15.8% share, followed by the US, with 13.8% share.

In terms of regional destination, shipments to the Association of Southeast Nationsmember-countries comprised about 14.2% of total exports while the European Union cornered 10.2%.

PH exports jump 21% in June, highest in 6 months


Demographics plus factor for PHL
13 Aug 2014

THE Philippines is seen attracting larger chunks of foreign direct investments (FDI) over the near term, as the country’s working- age population becomes increasingly more productive and consumption activities accelerate, global financial- services giant HSBC said.

Favorable demographics, one in which the most number of Filipinos contribute the most to local output, measured as the gross domestic product (GDP), should continue to boost domestic demand and attract even more investments for the $270-billion economy, looking to grow as high as 7.5 percent this year.

But at the same time, the British-owned lender warned of dark economic clouds in the form of poor infrastructure and employment issues acting as dampener on sustained high consumption activities in the country. Consumption accounts for more or less 70 percent of the economy and fed for the most part by the foreign currency earnings of some 10 million overseas Filipinos.

At a recent HSBC-sponsored briefing, HSBC economist Trinh Nguyen said the Philippines should reap handsome rewards from its young population in the form of robust domestic demand that will, in turn, help attract greater amounts of foreign investments down the line.

Nguyen looked ahead to the Philippines becoming a haven for “consumption-oriented” investments as other country destinations like Japan, for instance, begin reporting emasculated domestic demand as its population continues to age.

“As demand in Japan decline, as its population gets older, they will look for places like the Philippines because what the Philippines has is rising demand” Nguyen said.

“Not only that, the demographic profile of the Philippines will shift from high dependency to a more even-out shape. That is, you have more workers and less dependents. This is why the Philippines see its FDI [foreign direct investments] rising, we see more consumption-oriented firms try to look into the Philippines,” Nguyen added.

Consumption spending in the Philippines reached an all-time high of P1.2 trillion in the first three months of the year, the same having averaged only around P858 billion the past six years, based on central bank data.

The HSBC economist said favorable demographics, among other factors, are concrete reasons to be “bullish” on the Philippine economy no matter the certainty of higher interest rates both locally and abroad over the medium horizon.

“We believe that the Philippines is destined for a bright future ahead. In fact, in the past few years, we saw a lot of progress. And if the demographic transition is capitalized well, the Philippines will be a bright star in Asia,” Nguyen said.

Nguyen also said that while the low level of household debt in the Philippines portray households lacking full access to credit, the same provides a level of comfort for when the cost of money rises dramatically over time.

“Household debt in the Philippines is only 6 percent of GDP, the lowest in Asia, and that means when interest rates rise, the higher interest expenses [should] not hurt Filipinos as much,” Nguyen said of an aggregate pertaining to home mortgages, credit-card debt, as well as car loans that provide a snapshot of the consumption activities going on in a typical Filipino household. The New York-based sovereign credit watcher Moody’s Investor Service earlier said the country’s poor showing in household debt is attributable in part to the low level of bank penetration as lenders tend to congregate in urbanized areas in the country.

Nguyen reiterated HSBC’s observation that the deceleration in local output in the first quarter was indicative of an economy showing signs of fatigue.

Nguyen also said there is a need for the country to boost employment and pursue the buildup of infrastructure to prevent prices from spilling over the anticipated inflation path this year.

“The Philippines’s growth trend actually increased from 5 percent to 5.5 percent and there is a need for an increase in employment and supply structures such as infrastructure, electricity and food,” Nguyen said,

“These can push prices higher,” the economist added.

Inflation did rise and averaged 4.9 percent in July this year, the highest in three years, based on official data.

BusinessMirror - Demographics plus factor for PHL



 
.
PH’s first subway system included in P602 billion worth PPP projects
8/08/2014

mkytf5.jpg


Private-Public Partnership Center executive secretary Cosette Canilao said 18 major infrastructure projects worth PhP602.2 billion will be launched before June 2015.

“We have identified these 18 projects which we are to roll out by June of 2015.” These projects are among 47 PPP projects included in the pipeline.

“This is product of about two years of streamlining processes of establishing interaction between various government agencies including capacities not only in the public sector but increasing the appreciation of the private sector on PPP projects,” PPP Center executive secretary said.

One of the biggest ticket in the list is the first subway system in the country. It is a 12-kilometer underground rail line that will connect Bonifacio Global City, Makati Central Business District and the Mall of Asia in Pasay City. The project will cost P132 billion, project launching is expected on December.

Another big ticket, the biggest, is the PhP265.3 billion North-South Commuter Rail project aiming to modernize the PNR Railway system. Project is expected to be launched on November.

Included in the 18 major infrastructures are the development of airport in Davao, Iloilo, Bacolod, Laguindingan, Bohol and Puerto Princesa. These projects are expected to be open for bidding next month.




PH exports jump 21% in June, highest in 6 months
Aug 12, 2014

The country was the ‘top performer’ among trade-oriented economies in East, Southeast Asia

electronics--holdingchip-PHilippineExports.jpg

POSITIVE GROWTH. Semiconductors, which comprised more than half of the country’s total electronics exports during the period, posted its first positive growth rate in 2014. File photo by Agence France-Presse

MANILA, Philippines – Philippine exports grew at their fastest pace in 6 months in June, on the back of a rebound in electronics shipments. The country is the top exporter among “trade-oriented” East and Southeast Asian economies, according to the government.

Export earnings in June totaled $5.44 billion, up 21.3% from $4.49 billion in June 2013. This was the fastest growth since December, when exports grew 24.9%.

For the first half of 2014, exports rose 8.3% to $29.8 billion from $27.5 billion in a comparable period last year, data from the Philippine Statistics Authority showed.

The Philippines outperformed Vietnam (12.7%), People’s Republic of China (7.2%), Malaysia (5.6%), Singapore (4.7%), Thailand (3.9%), Indonesia (3.8%), Hong Kong (2.7%), Republic of Korea (2.5%), Taiwan (1.2%), and Japan (-6.5%).

“This is the highest level since the economy started posting a continuous positive growth in the same period last year. It is also way faster than the 6.9% increase in May 2014and the 4.1% in June 2013,” Economic Planning Secretary Arsenio Balisacan said.

“The export gains are broad-based, as reflected by increased overseas demand for our manufactures, mineral products, total agro-based, and forest products. This also indicates that the global economy is ready for a strong recovery,” he added.

Top export commodities

Shipments of the biggest export group, electronics, mainly semiconductors, rose 10.7% in June to $2.22 billion. This was a reversal of the 2.2% decline last year.

“The positive performance of semiconductor exports mirrored the upward trend in the global chip industry,” Balisacan said.

Other commodities that posted positive growth were:

  • machinery and transport equipment
  • bananas (fresh)
  • other mineral products
  • other manufactures
  • articles of apparel and clothing accessories
  • ignition wiring set and other wiring sets used in vehicles, aircraft, and ships
  • electronic products
  • chemicals

Favorable performance throughout 2014

Balisacan said the overall outlook for Philippine exports was bullish in view of favorable expectations on the global economy, particularly the advanced countries of US and Europe.

On the domestic front, industry expectations also point to favorable export performance. The Semiconductors and Electronics Industries in the Philippines Inc. and exporters of some non-electronics manufactures such as furniture, fixtures, and garments “expect upward adjustment and expansions in their annual growth forecasts,” Balisacan noted.

“For agro-based commodities, bright prospects for banana and mango exports are seen on the back of a possible increase in market access, notably in Australia and the US,” the cabinet official concluded.

Japan biggest market

Japan was still the top destination of Philippine exports in June, accounting for 17.6% or $956 million of the receipts.

China came second, with a 15.8% share, followed by the US, with 13.8% share.

In terms of regional destination, shipments to the Association of Southeast Nationsmember-countries comprised about 14.2% of total exports while the European Union cornered 10.2%.

PH exports jump 21% in June, highest in 6 months


Demographics plus factor for PHL
13 Aug 2014

THE Philippines is seen attracting larger chunks of foreign direct investments (FDI) over the near term, as the country’s working- age population becomes increasingly more productive and consumption activities accelerate, global financial- services giant HSBC said.

Favorable demographics, one in which the most number of Filipinos contribute the most to local output, measured as the gross domestic product (GDP), should continue to boost domestic demand and attract even more investments for the $270-billion economy, looking to grow as high as 7.5 percent this year.

But at the same time, the British-owned lender warned of dark economic clouds in the form of poor infrastructure and employment issues acting as dampener on sustained high consumption activities in the country. Consumption accounts for more or less 70 percent of the economy and fed for the most part by the foreign currency earnings of some 10 million overseas Filipinos.

At a recent HSBC-sponsored briefing, HSBC economist Trinh Nguyen said the Philippines should reap handsome rewards from its young population in the form of robust domestic demand that will, in turn, help attract greater amounts of foreign investments down the line.

Nguyen looked ahead to the Philippines becoming a haven for “consumption-oriented” investments as other country destinations like Japan, for instance, begin reporting emasculated domestic demand as its population continues to age.

“As demand in Japan decline, as its population gets older, they will look for places like the Philippines because what the Philippines has is rising demand” Nguyen said.

“Not only that, the demographic profile of the Philippines will shift from high dependency to a more even-out shape. That is, you have more workers and less dependents. This is why the Philippines see its FDI [foreign direct investments] rising, we see more consumption-oriented firms try to look into the Philippines,” Nguyen added.

Consumption spending in the Philippines reached an all-time high of P1.2 trillion in the first three months of the year, the same having averaged only around P858 billion the past six years, based on central bank data.

The HSBC economist said favorable demographics, among other factors, are concrete reasons to be “bullish” on the Philippine economy no matter the certainty of higher interest rates both locally and abroad over the medium horizon.

“We believe that the Philippines is destined for a bright future ahead. In fact, in the past few years, we saw a lot of progress. And if the demographic transition is capitalized well, the Philippines will be a bright star in Asia,” Nguyen said.

Nguyen also said that while the low level of household debt in the Philippines portray households lacking full access to credit, the same provides a level of comfort for when the cost of money rises dramatically over time.

“Household debt in the Philippines is only 6 percent of GDP, the lowest in Asia, and that means when interest rates rise, the higher interest expenses [should] not hurt Filipinos as much,” Nguyen said of an aggregate pertaining to home mortgages, credit-card debt, as well as car loans that provide a snapshot of the consumption activities going on in a typical Filipino household. The New York-based sovereign credit watcher Moody’s Investor Service earlier said the country’s poor showing in household debt is attributable in part to the low level of bank penetration as lenders tend to congregate in urbanized areas in the country.

Nguyen reiterated HSBC’s observation that the deceleration in local output in the first quarter was indicative of an economy showing signs of fatigue.

Nguyen also said there is a need for the country to boost employment and pursue the buildup of infrastructure to prevent prices from spilling over the anticipated inflation path this year.

“The Philippines’s growth trend actually increased from 5 percent to 5.5 percent and there is a need for an increase in employment and supply structures such as infrastructure, electricity and food,” Nguyen said,

“These can push prices higher,” the economist added.

Inflation did rise and averaged 4.9 percent in July this year, the highest in three years, based on official data.

BusinessMirror - Demographics plus factor for PHL

Wonderful News!
 
.
Back
Top Bottom