International News Thread

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SirZap
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jsnepo wrote:
Mon Mar 18, 2019 6:38 pm
Just one of the many factors I guess but still let's give credit where it's due. All for good governance. Thanks tatay D! :D

edit: Oh #@*^! ABS-CBN? Bayarang media! Ugghh! Yuck!
poor fiscal management :lol: thanks for acknowledging. assuming in your framework that PDuts is not a Dictator... are we still having problems? again poor fiscal management.

and oh by the way eto sabi ng CNN, NITPICKING siguro yung mga news :lol:
KUNWARI MAY MEMORY PROBLEMS SAMANTALNG MAY GOOGLE NAMAN :lol:
di ko kakampihan ang mga LIARS at bayarang TROLL. :lol:

http://nine.cnnphilippines.com/news/201 ... N-law.html

Metro Manila (CNN Philippines, January 1) — Filipinos will pay more for fuel at the beginning of 2019 because of an additional excise tax provided by law.

Under the Tax Reform for Acceleration and Inclusion (TRAIN) law, an additional ₱2 per liter excise tax is imposed on diesel and gasoline, ₱1 for every liter of kerosene, and ₱1 for every kilogram of cooking gas or liquified petroleum gas (LPG) beginning January 1, 2019.

Senate economic affairs committee chair Win Gatchalian said the increase in fuel excise taxes would impact pump prices by around ₱2 to ₱3 per liter.

But gas prices should not shoot up immediately. In fact, at least one gas company would roll back pump prices by up to ₱1.90 per liter.

CNN Philippines
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@cnnphilippines
LOOK: Get your pockets and wallets ready! As we welcome 2019, we are greeted with the second round of fuel excise tax increase.

READ: http://cnn.ph/2ANy62F

12:01 AM - Jan 1, 2019

The Department of Energy (DOE) earlier told oil firms to empty their gas inventory from 2018 first before applying the fuel excise taxes. Energy Secretary Alfonso Cusi said those who apply the new tax on old stocks would be violating the law and may face administrative penalties such as closure and "large-scale" estafa.

However, Gatchalian warned that there may be oil firms which would take advantage of the latest round of fuel tax hikes by increasing prices of fuel imported before the implementation of the additional taxes.

The senator said the DOE should closely monitor the inventories of oil firms to avoid them from profiteering off the tax hike by selling old oil stocks at a higher price, even if they bought it cheaper.

The government initially suspended the implementation of the second of three consecutive yearly fuel tax hikes under TRAIN amid rising prices of goods, only to change its stance when oil prices in the world market slumped.

Filipinos would be dealing with even heftier oil taxes when the clock strikes midnight on the first day of 2020, when gasoline would cost ₱11.20 higher per liter, while diesel and kerosene would climb by ₱5.04 and ₱5.60 per liter, respectively. LPG would also cost ₱3.36 higher per kilogram by that time.
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ron_bato
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hindi mo nasagot ang tanong ko. bumaba ang inflation rate dahil sa ????? sablay ka po sorry.
1. A huge reason why inflation moderated from a 6.7 percent nearly 10-year record high from October 2018, to what is now 3.8 percent in February 2019 is driven in large part by the following things:

- Easing crude oil prices globally since October 2018 - which have dropped by nearly 25.5 percent until end-February.
- Food inflation eased significantly, partly as more imports of rice have come into the Philippines. This was actually as big of a driver of inflation in 2018 as oil was, since the government grossly mismanaged stocks of rice in 2018. So rice, which has a 10 percent weight in the Consumer Price Index, and makes up a big part of the CPI basket, had an average inflation of 5.7 percent in 2018. This has eased somewhat as more imports have come in - to around 2.3 percent in February 2019.
ah nga pala, nung maganda rin ang inflation rate ng pinas nuon panahaon ni Pnoy may improvement ba? meron DAW pero anecdotal din, pero meron din hinde.... may tawag dun "trickle down".
2. Yes, low inflation did have tangible effects on welfare during the 2012-2015 period - increasing real household incomes significantly, and more importantly it helped reduce poverty significantly. Poverty incidence declined from 25.2 percent in 2012 to 21.6 percent in 2015 - a decline not seen before in the history of the Philippines (for reference between 2006 to 2012 the poverty incidence barely moved from 26.6 percent in 2006 to 25.2 percent in 2012).

It wasn't the only reason, as movements away from agriculture employment, and social protection programs like the CCT helped reduce poverty. But rising real incomes (that is nominal incomes adjusted for inflation) rose significantly during the 2012 - 2015 period which helped contribute to the fast decline in poverty incidence during this period, wherein inflation averaged nearly 2 percent (and 0.7 percent in 2015). [All data are from PSA and BSP]

To suggest that low and stable inflation did not have tangible benefits that helped the poor is disingenuous and backwards, especially considering that prices affect welfare through consumption.

The 2012-2015 period in the Philippines is considered on of the most successful periods in terms of 'inclusive growth' - that is growth that reduces poverty reduction and improves shared prosperity for all. I invite you to read the Philippines Poverty Assessment conducted by the World Bank to see for yourself: http://documents.worldbank.org/curated/ ... hilippines
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ron_bato
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Data used for discussion:

1. Global Oil Price data: http://www.worldbank.org/en/research/commodity-markets
2. Inflation data Philippines: https://psa.gov.ph/price-indices/cpi-ir
3. Philippines Poverty Incidence: https://psa.gov.ph/poverty-press-releas ... Statistics
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bakit ka nagparamdam ron.. di na tuloy nakaimik.. :lol:
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ron_bato
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parokyano wrote:
Wed Mar 20, 2019 1:02 pm
bakit ka nagparamdam ron.. di na tuloy nakaimik.. :lol:
:lol: :lol: Bihira na lang ako bumisita eh so kailangan minsan magparamdam din :lol:
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SirZap wrote:
Mon Mar 18, 2019 10:24 pm
poor fiscal management :lol: thanks for acknowledging. assuming in your framework that PDuts is not a Dictator... are we still having problems? again poor fiscal management.

and oh by the way eto sabi ng CNN, NITPICKING siguro yung mga news :lol:
KUNWARI MAY MEMORY PROBLEMS SAMANTALNG MAY GOOGLE NAMAN :lol:
di ko kakampihan ang mga LIARS at bayarang TROLL. :lol:

http://nine.cnnphilippines.com/news/201 ... N-law.html

Metro Manila (CNN Philippines, January 1) — Filipinos will pay more for fuel at the beginning of 2019 because of an additional excise tax provided by law.

Under the Tax Reform for Acceleration and Inclusion (TRAIN) law, an additional ₱2 per liter excise tax is imposed on diesel and gasoline, ₱1 for every liter of kerosene, and ₱1 for every kilogram of cooking gas or liquified petroleum gas (LPG) beginning January 1, 2019.

Senate economic affairs committee chair Win Gatchalian said the increase in fuel excise taxes would impact pump prices by around ₱2 to ₱3 per liter.

But gas prices should not shoot up immediately. In fact, at least one gas company would roll back pump prices by up to ₱1.90 per liter.

CNN Philippines
✔
@cnnphilippines
LOOK: Get your pockets and wallets ready! As we welcome 2019, we are greeted with the second round of fuel excise tax increase.

READ: http://cnn.ph/2ANy62F

12:01 AM - Jan 1, 2019

The Department of Energy (DOE) earlier told oil firms to empty their gas inventory from 2018 first before applying the fuel excise taxes. Energy Secretary Alfonso Cusi said those who apply the new tax on old stocks would be violating the law and may face administrative penalties such as closure and "large-scale" estafa.

However, Gatchalian warned that there may be oil firms which would take advantage of the latest round of fuel tax hikes by increasing prices of fuel imported before the implementation of the additional taxes.

The senator said the DOE should closely monitor the inventories of oil firms to avoid them from profiteering off the tax hike by selling old oil stocks at a higher price, even if they bought it cheaper.

The government initially suspended the implementation of the second of three consecutive yearly fuel tax hikes under TRAIN amid rising prices of goods, only to change its stance when oil prices in the world market slumped.

Filipinos would be dealing with even heftier oil taxes when the clock strikes midnight on the first day of 2020, when gasoline would cost ₱11.20 higher per liter, while diesel and kerosene would climb by ₱5.04 and ₱5.60 per liter, respectively. LPG would also cost ₱3.36 higher per kilogram by that time.

Acknowledging what? I was actually being sarcastic in there. I also said there are similarities to Marcos and Duterte and it wasn't about the dictatorship tendencies. By the way I asked you if you think the easing of the inflation rate in January and February has anything to do with good governance and I'm still waiting for your answer.
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ISIS 'caliphate' totally eliminated – Syria force
https://www.rappler.com/world/regions/m ... yria-force
BAGHOUZ, Syria – Kurdish-led forces announced on Saturday, March 23, they had fully captured the Islamic State group's last bastion in eastern Syria and declared the total elimination of the jihadists' "caliphate".

"Syrian Democratic Forces declare total elimination of so-called caliphate and 100% territorial defeat of ISIS," Mustefa Bali, spokesman of the US-backed Kurdish-Arab alliance, said in a statement.

Friday afternoon, March 22, mortar rounds hit a former ISIS encampment in the village of Baghouz on the banks of the Euphrates River, sending a column of dark smoke up into the sky, an Agence France-Presse (AFP) correspondent said.

The White House also said Friday the once-sprawling "caliphate" had been wiped out but the Syrian Democratic Forces (SDF) it backs on the ground stressed that clashes were ongoing until the confirmation

President Donald Trump's spokeswoman, Sarah Sanders, said "the territorial caliphate has been eliminated in Syria."

"Clashes are ongoing in Baghouz. Small ISIS groups refusing to surrender are launching attacks and our forces are responding," SDF spokesman Adnan Afrin told an AFP reporter near Baghouz.

The White House has jumped the gun several times on announcing the demise of ISIS territorial control.

The SDF launched what it called its "final assault" against the jihadists' last redoubt in Baghouz on February 9.
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jsnepo
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I finally got my password manager to work again with PinoyPS. Disappointed to see not much update happened. :(
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Mahina ang news threads ngayon.
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First Black Hole Photo

Black Hole Image Makes History; NASA Telescopes Coordinated Observations

https://www.nasa.gov/mission_pages/chan ... es-history

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Fire at Notre Dame Cathedral, Paris, France

https://www.cnn.com/world/live-news/not ... index.html

But

How Notre Dame Could Be Rebuilt With The Help Of Assassin’s Creed: Unity

https://www.unilad.co.uk/gaming/how-not ... eed-unity/
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jsnepo
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Buti pa sa Hong Kong. They are rejecting PRC. Dito niyayakap na nga, hinahalikan pa paa. I never got an answer though. Sad.
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^At walang nangyaring gyera dahil sa rally/protest sa HongKong.
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Problema ang cash. Cash-less na raw dapat, Ibang problema ito.

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SirZap
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ron_bato wrote:
Tue Mar 19, 2019 9:03 am
hindi mo nasagot ang tanong ko. bumaba ang inflation rate dahil sa ????? sablay ka po sorry.
1. A huge reason why inflation moderated from a 6.7 percent nearly 10-year record high from October 2018, to what is now 3.8 percent in February 2019 is driven in large part by the following things:

- Easing crude oil prices globally since October 2018 - which have dropped by nearly 25.5 percent until end-February.
- Food inflation eased significantly, partly as more imports of rice have come into the Philippines. This was actually as big of a driver of inflation in 2018 as oil was, since the government grossly mismanaged stocks of rice in 2018. So rice, which has a 10 percent weight in the Consumer Price Index, and makes up a big part of the CPI basket, had an average inflation of 5.7 percent in 2018. This has eased somewhat as more imports have come in - to around 2.3 percent in February 2019.
ah nga pala, nung maganda rin ang inflation rate ng pinas nuon panahaon ni Pnoy may improvement ba? meron DAW pero anecdotal din, pero meron din hinde.... may tawag dun "trickle down".
2. Yes, low inflation did have tangible effects on welfare during the 2012-2015 period - increasing real household incomes significantly, and more importantly it helped reduce poverty significantly. Poverty incidence declined from 25.2 percent in 2012 to 21.6 percent in 2015 - a decline not seen before in the history of the Philippines (for reference between 2006 to 2012 the poverty incidence barely moved from 26.6 percent in 2006 to 25.2 percent in 2012).

It wasn't the only reason, as movements away from agriculture employment, and social protection programs like the CCT helped reduce poverty. But rising real incomes (that is nominal incomes adjusted for inflation) rose significantly during the 2012 - 2015 period which helped contribute to the fast decline in poverty incidence during this period, wherein inflation averaged nearly 2 percent (and 0.7 percent in 2015). [All data are from PSA and BSP]

To suggest that low and stable inflation did not have tangible benefits that helped the poor is disingenuous and backwards, especially considering that prices affect welfare through consumption.

The 2012-2015 period in the Philippines is considered on of the most successful periods in terms of 'inclusive growth' - that is growth that reduces poverty reduction and improves shared prosperity for all. I invite you to read the Philippines Poverty Assessment conducted by the World Bank to see for yourself: http://documents.worldbank.org/curated/ ... hilippines
thanks for the answers. at least yung sagot mo based sa DATA at hindi propaganda :2thumbs:

eversince 4p's was started by the PGMA admin it is now institutionalized by the Law passed by Sen. De Lima. at least in that regards it is beyond poltics. Magtulungan para sa EKONOMIYA.
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ron_bato
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I for one was not expecting a response to my post after 9 months lol.

Happy new year, 2020 should be exciting for Playstation and Xbox with next gen coming. :D
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ron_bato wrote:
Tue Jan 07, 2020 3:08 pm
I for one was not expecting a response to my post after 9 months lol.

Happy new year, 2020 should be exciting for Playstation and Xbox with next gen coming. :D
Console Wars na naman!

(Ayoko na. Retired na. Tanda na. :lol: )
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ron_bato
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xgh0st12x wrote:
Thu Jan 30, 2020 12:57 am

Console Wars na naman!

(Ayoko na. Retired na. Tanda na. :lol: )
Huwow! A random xghost appears lol. Oo ako rin, wala na ako pakialam diyan :lol: can't find it in myself to get upset about who's box is more powerful yada yada.
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SirZap
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well the news is obvious. Corona virus is pandemic.
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