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Thursday, June 30, 2022

Did BBM victory in election cause Peso freefall

It is more fun criticizing




In one of the soc media post. it was alleged that BBM victory did the Peso in.   The Peso now at P55 = USD has become one of the worst performing currencies in the region.  It was alleged that many heads
of Western countries do not trust BBM's abilities and hence are divesting from the Philippines

But Western countries sent delegation to BBMs oath taking today.

A strong dollar, not  a weak peso is not the cause of peso freefall. The critic must have made all his analyses wrong tried to scam the readers  US Fed has to raise interest due to raging inflation.  


A devalued peso: means OFW get more bucks from their remittances.    We get more foreign investment

Exporters get more.   The devaluation is not entirely bad for the country.  Although importation of raw materials and capital goods become more exspenasive

Wednesday, June 29, 2022

Evidence of massive fraud in last election may be difficult to prove

It is more fun criticizing





Many foreign entities are crying out loud that there was massive fraud during the last election.   If it were the case the other proclamation for local senatorial, congressional election can be considered null and void.   No less than former commissioners associated with the opposition has declared it is nearly impossible to hack the election system

Many of the accusations are based in hypothetical suppositions and needs massive data to prove.   It is merely a topic as some experts claim as topic for academic discussion

The accusations are not enough to overturn the result of election



Monday, June 27, 2022

BNPP (nuclear power plant) may reduce power costs - ERC

It is more fun criticizing








This post echoing past position of DOE dont think so.    The high cost of amortizing the BNPP, maintenance, fuel rods, and disposal of the nuclear waste would not bring down cost.

As per computation of former Sec of Energy in his speech before MBA students, he said that assuming that BNPP can sell power at P3.00 kwh,  or 50% of the outputs of baseloads, that would amount to 
only 600 mw /`10,000 MW Luzon grid, that would amount to only 6% of total power.    That would roughly be only   50%  x  P6,00 x 6%    only P0.18 of total generation cost.   That is not enough to offset the high energy cost brought about by the IPP with forced to buy agreements.   

Despite all the arguments, Fukushima experience with the tsunami brought by earthquake,  (Japan eventually giving up on nuclear power and shifting to other energy sources) our energy managers would seem to be bent on going back to nuclear.  

Thursday, June 16, 2022

Tigil pasada due to fuel price increases and losses of public utilities - a violation of Public Service act of 1934

It is more fun criticizing

There are news that say that many public utilities that include but not limited to jeepneys, vans, and vans have stopped plying their designated routes due to latest fuel price increases despite certificates of public conveyance and/or franchise granted by LTFRB.    Initially they can viewed as having violated the law. CA 146

Now the riding public is inconvenienced.   

Anti commuter.  Anti people.

Monday, June 13, 2022

Cebu loosens rule on face mask; DILG disagrees

It is more fun criticizing






Governor Gwen Garcia invoking superiority of local govt over central govt in Local Govt Code, orders loosening of rules on face mask. making it optional outdoors  However DILG disagrees and voids the same order.  The pandemic is still prevalent

The Local Govt Code cant be invoked because the country is still in state of pandemic  Non cooperation is a prohibition which is punishable under the governing law.




ection 9 of the law provides for the acts which are prohibited, namely:

(a) Unauthorized disclosure of private and confidential information pertaining to a patient’s medical condition or treatment;

(b) Tampering of records or intentionally providing misinformation;

(c)      Non-operation of the disease surveillance and response systems;

(d)      Non-cooperation of persons and entities that should report and/or respond to notifiable diseases or health events of public concern; and

(e)      Non-cooperation of the person or entities identified as having the notifiable disease, or affected by the health event of public concern.

Disclosure of confidential information will not be considered violation of this Act if the disclosure was made to comply with a legal order issued by a court of law with competent jurisdiction.

Notable today amid the COVID-19 crisis is the issue on self-quarantine. When an individual does not self-quarantine in case of infection, he or she may be liable under Sec. 9, paragraph d of RA 11332, for non-cooperation of persons and entities that should report and/or respond to notifiable diseases or health events of public concern.