Philippine To Survive External Shocks- IMF

Summary:

Multilateral lender international monetary fund or (IMF) is confident the Philippine economy

wills continue to perform strongly as the country is expected to remain resilient despite external

shock this year.

Economic managers penned a GDP Growth target of between 6.5% and 7.5% this year. The

country’s GDP growth accelerated 6.8 % last year from 5.9% in 2015 amid strong domestic

demand and higher investment reflecting higher public infrastructure spending and private

construction

Reaction:

For the past few years, Philippines were known to be one of the “Rising Tiger” in Asia’s

Economy. Obviously our country shows rapid development. The economic status was perceived

improving. We cannot deny the fact that OFW’s have great contribution to this. On the other

side, we cannot also deny that we are still experiencing deprecations and some other economic

problems. Off course it is just normal the main point here is that we Filipinos are still fighting

poverty. Yes, we can eradicate poverty problems easily, but at least we are making ways on how

to lessen the families that are struggling because of such no actual income that can really earn a

living.
Conclusion:

In Philippines to survive external shocks it is very impressive for the Filipinos on how our

government really made way increases our GDP. The bigger the GDP we have, the more

changes and opportunities can be given to Filipinos in terms of improving their living.

There will still be more challenges to come, but at the end, our country’s success wills relay on

how the government managed and deal such challenges. After all, are the Filipino people who

benefit utmost.
 Anti-competition Body deepens probe on cement industry

Summary:

The Philippine competition commission (PCC) is set to go full blast on its investigation of

alleged violations of competitive practices in the local cement industry. The country’s anti-trust

authority said it found reasonable grounds to proceed to full administrative investigation on the

cement industry for possible violations of sections 14 and 15 of the Philippine Competition Act.

Among Dimagiba’s other allegations include Ordonez using the trade association (CeMAP) and

pseudo consumer groups to justify the violation of the Philippine Competition Act, as well as

maintaining prices of domestic cement in the retail market unreasonably high.

Reaction:

In marketing, there’s a principle of pure competition were in sellers must sell products in

accordance the price of the competing seller. In this case, The Philippine Competition Act was

violated since there is a competitive practice in the local cement industry. In the CeMAP which

is known in cement industry abused their dominant in position in committing acts that prevent

competitors from going with in the market. Well, this company may be rude because they don’t

consider the price given by the other cement company. They literally lessen their price so the

competing markets lose consumers.

Conclusion:

In anti-competition body deepens probe on cement industry if CeMAP play to fair, they really

don’t have to do that. Well, the complainant who is Victorio Dimagiba just did the right thing.

This case may be solve earlier if Ordonez response immediately while allowing the participation

of traders and importers in the stakeholders in the forum and other consultation.

Through Ordonez reason out that didn’t get any notice, he still must be subjected because at the

first, he violets the section 14 and 15 of the Philippine Act. But after all, this case xcan be solve

through legal and right processes. Let’s just be fair

Name: Instructor: Mrs. Cherryville Mejares

JOEBERT SEGUINTE Subject: Economics 2

KRISTINE MAE NAPURA

Course:

BSBA- MKTG.2A

Philippine To Survive External Shocks- IMF

Internet

Laurence Agcaoili

February 27,2017

Anti-competition Body deepens probe on cement industry

Internet

Richmond Mercurio

March 7,2017