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Before natin gisahin si Gadon nais ko lang sana itong itanong:
Meron na bang update dito? Pero bakit nga ba Bangko Sentral ang nais nilang magtustus ng kapritso ni Liza na hindi naman ito mandato nila?
The BSP’s main mandate is to ensure price stability by controlling inflation through their powers to raise or cut interest rates and the banks’ RRR
or Reserve Requirement Ratio along with ensuring the Philippine Peso’s exchange rates with other currencies primarily with the USD are kept in check avoiding any significant or shocking appreciation or depreciation against them.
The BSP together with the Monetary Board is the other half, that is the Monetary half of the Fiscal-Monetary Policy driven management of our economy.
But in these polvoronic times even the BSP is not spared from Liza’s incessant effort to be Imeldific to no avail—becoming a ‘trying hard second rate copy cat’ instead.
Mind you, the Maharlika Investment Fund IRR mandated the BSP to remit all it’s dividends of up to ₱50 Billion to the Maharlika Investment Corp. as it’s share of seed capital to the MIF.
Now come this infrastructure project for Liza’s ego worth ₱18 billion big ones supposed to be funded by the BSP. And it seems the BSP Board is okay with it? Mind boggling.
Maybe LAM forgot we are not like the US who can just print all the dollars they want without worrying about inflation and currency depreciation since the USD is the Global Reserve Currency.
The BSP has a capitalization of only ₱60 billion as of February 2023 almost 4X less than Land Bank’s ₱200 billion.
Pero wala tayong magawa kasi in these polvoronic times government policies ay depende lang talaga dun sa amats nila.
*******. Hahaha.
—
Based on documents obtained by Bilyonaryo.com, the BSP has been tasked with providing the required P18 billion for the PIEC’s construction, with the Philippine International Convention Center (which is owned by the BSP) slated to manage its operations.
The BSP has been previously mandated to contribute all of its dividends in the first two years of the Maharlika Fund until it reaches a maximum of P50 billion.
Meron na bang update dito? Pero bakit nga ba Bangko Sentral ang nais nilang magtustus ng kapritso ni Liza na hindi naman ito mandato nila?
The BSP’s main mandate is to ensure price stability by controlling inflation through their powers to raise or cut interest rates and the banks’ RRR
or Reserve Requirement Ratio along with ensuring the Philippine Peso’s exchange rates with other currencies primarily with the USD are kept in check avoiding any significant or shocking appreciation or depreciation against them.
The BSP together with the Monetary Board is the other half, that is the Monetary half of the Fiscal-Monetary Policy driven management of our economy.
But in these polvoronic times even the BSP is not spared from Liza’s incessant effort to be Imeldific to no avail—becoming a ‘trying hard second rate copy cat’ instead.
Mind you, the Maharlika Investment Fund IRR mandated the BSP to remit all it’s dividends of up to ₱50 Billion to the Maharlika Investment Corp. as it’s share of seed capital to the MIF.
Now come this infrastructure project for Liza’s ego worth ₱18 billion big ones supposed to be funded by the BSP. And it seems the BSP Board is okay with it? Mind boggling.
Maybe LAM forgot we are not like the US who can just print all the dollars they want without worrying about inflation and currency depreciation since the USD is the Global Reserve Currency.
The BSP has a capitalization of only ₱60 billion as of February 2023 almost 4X less than Land Bank’s ₱200 billion.
Pero wala tayong magawa kasi in these polvoronic times government policies ay depende lang talaga dun sa amats nila.
*******. Hahaha.
—
Based on documents obtained by Bilyonaryo.com, the BSP has been tasked with providing the required P18 billion for the PIEC’s construction, with the Philippine International Convention Center (which is owned by the BSP) slated to manage its operations.
The BSP has been previously mandated to contribute all of its dividends in the first two years of the Maharlika Fund until it reaches a maximum of P50 billion.