Remember back in the day when the Liberal party supporters painted a doom and gloom scenario for the Philippines like the exit of foreign investors because of Duterte?
However, based on the latest economic indicators as per Manila Times report, the Philippine economy under Duterte’s watch has been thriving and even the World Bank agrees with it.
In the next 2-3 years, World Bank projects that the Philippines real GDP will grow at a rate of 6.9 percent in 2017 and 2018. [World Bank]
Fil-Am Edwin Jamora did the honor of summarizing the positives of the Duterte administration, ahead of the anticipated SONA of President Duterte this July.
“So, sino sa mga Yellowturds ang mga nag-nga-nga-ngawa na nagtakbuhan na mga foreign investors palabas nang Pinas?!” Jamora taunted the LP supporters to open his Facebook post.
The latest business news!
1.) Foreign direct investments at 17% increase to $1.56 billion in the first three months of 2017!
2.) Business confidence level in the Philippines rose to 43 percent in the second quarter of 2017 from 39 percent in the first quarter, indicating investments in 2017 may reach record high!
3.) Consumer confidence also improved for the second quarter of 2017, climbing to a double-digit record high of 13 percent from 8.7 percent in the first quarter!
4.) Increased investor confidence in the Philippines is reflected by the 41 percent rise in the number of companies and organizations from the international community that visited the country from July to December 2016.
5.) Unemployment rate dropped to 5.7 percent in April 2017 from 6.6 percent in January.
6.) Net inflow of FDIs in 2016 reached $7.93 billion, up 41 percent from $5.64 billion generated in 2015.
7.) Trade Department said the foreign investments level in the second semester of 2016 almost doubled compared with the first semester, “a clear indication of the growing foreign investor confidence in the country’s sound economic policies and attractive business environment.”
The second half of Jamora’s Facebook post addressed the critics who questioned Duterte’s international trips by citing the economic benefits of the foreign trips.
AT SA MGA CHAKA WHO CASTIGATED PRES. DUTERTE’S INTERNATIONAL TRIP, HETO PARA SENYO!!!
8.) Presidential visits resulted in several investments agreements and letter of intents among businessmen amounting to $37 billion, $18 billion in official development assistance loans and $4.3 billion worth of trade.
9.) Total pledged investments with the Board of Investments in January to May 2017 increased 25 percent to P174.47 billion from P139.34 billion year-on-year.
10.) The approved investments came from 218 projects with an estimated 51,847 additional jobs to be created. Top sectors include real estate activities, mostly mass housing projects worth P68.74 billion; construction and/or public private partnership projects at P48.47 billion; renewable/power projects at P28.31 billion; and manufacturing at P15.75 billion.
Jamora ended the post by taunting the destabilizers and the local media who have been conspiring to undermine every gains of the Duterte administration since day 1.
So pano na kayo mga destabilizers?! Pano na mga pekeng local mainstream media? Every crap you write bounces back at ya’h!
Ayaw nyong maniwala sa President naten eh. Natandaan nyo nung nawala lang sya dahil sa sobrang pagod nagpapahinga lang?
He died and after 3 days, he rose again.
The good news shared by Jamora has generated positive comments from Duterte supporters.
Rose Marie Natoza Santos remarked: “Hahaha… Pag sa EJK at crimes, inflated ang numbers nila…
Pag sa Economy at progress,
Victor Hernando remarked: “This made me recall that speech delivered by PNoy during his time in office where he bragged that the leaders of other ASEAN countries where asking him advice on how he efficiently managed the country’s economy. He may be cringing about this news – that the brilliance and magnificence of the only begotten son of the Tarmac Martyr and the Saintly Housewife, who attended the very school of the religious congregation where the Pope and the Manila Archbishop belong, has been schooled, floored, and outclassed in every respect by Duterte to think that the only begotten son is an economist according to his profile.”
Mark Andrew L. Delgado commented: “I wonder which dimension or reality they live in.”