Numerous business closures hound Phl economy

It is more fun criticizing

Many businesses in the PHL are closing at a rate of 90 or more per day.  This is according to one soc media post and as evidenced by many posts of businesses thanking their customers for their patronage the years before.

Many cite as causes:   1.  declining sales  2 (due to increasing hardship from inflation on the part of the customers they are holding back   3.  decline in cash flow arising from  4.  unavailability of credit   5.  Vat pwd and sc discount which do not have govt support.    #5 contributes to higher prices which lead to No. 1..  6.  Higher borrowing rates due to BSP increase of interest to combat the 7.8% inflation.  (Which came first, the inflation or higher interest rate?)

So this all add up to 7.8% inflation rate (latest) the decade or so business closures,  and the sad lowest GDP growth of only 2% for the last quarter.   What happened to the economic managers, and the PHL leadership?

Poverty threshhold is P96/day PBBM did not say this; this is from PSA data

It is more fun criticizing

Poverty threshold is at P96.00/day. PBBM did not say this; PSA did

The P96.00 poverty threshold is trending;   some attribute this to PBBM, but he never said this.  Only PSA.   "  he national poverty threshold at P35,121 per person a year, or about P2,927 a month. Per day, the threshold is approximately P96.

This post was one of those who reacted to those numbers, since cooked rice is at P15.00 viand is at P40.00  = P55 x 3  =  P165.   and that is just for one person.  It is much higher for a family of 3 or 4...  The most common reaction is that the figures are not based on reality....

Are you poor or well (off) higher than P96.00 daily earning?

Times for ghosts, souls, spirits, saints and ghost projects!

It is more fun criticizing

Tonight until Monday we remember and venerate the souls of saints, dearly departed and albeit is somewhat unreligious way, ghosts and weird creatures.   We also are reminded of ghost projects

The President vowed to run after ghost projects perpetrators  ( Doest this apply to relatives)

We elected someone who allowed ghosts to roam around us and we are responsible as well.  

Sen. Bato de la Rosa's deadline to surrender was yesterday, manhunt intensifies

It is more fun criticizing

The deadline for Sen Bato de la Rosa to surrender peacefully ended yesterday, P50M bounty  for his surrender in force. (13 pcs of silver for betrayal and even parents will betray sons and daughters for this amount)

 Rumors say that PNP and AFP are closing in and that he is in Cotabato and being harbored by a  Moro group.  (It seems that the good senator has chosen his place of hiding well:   COTA BATO  - stone fort;   karhyme ng pangalan)

Others say its Bukinon

There should be other priorities    keeping investors here in the PHL, minding inflation, the energy crisis, protecting the PHL currency (now at Php64: $1? 

Why are governments asking citizens to prepare for emergency? What event is going to happen?

It is more fun criticizing

Are they fake news?  Soc media and the search engines are replete with posts to prepare for at least 3 days with water, flashlight etc to prepare for any eventuality.    In US is it about war with Houthis, in Taiwan with China, in Japan same and natural catastrophe, 

These allegations trouble the mind of many.  We pray these are fake news and God bless who publish these

Others say its great reset after 2000 years, others end of times on Nov 13, 2026 (Friday the 13th).  These are frightening.  We hope these are fake news and we keep our faith in the Lord...

Govts ask citizens to prepare stockpiles