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[Office/Business Laptop Suggestions] | Philippines | PHP 20,000 - 50,000

LAPTOP QUESTIONNAIRE
  1. Battery Life
  2. Performance
  3. Build Quality
  4. 2-in-1 form factor is a nice-to-have
  1. Web browsers
  2. Video conference (web) applications
  3. Spreadsheets and slide presentations
submitted by jazerx to SuggestALaptop [link] [comments]

BPI Invest US Equity Index Feeder UITF now multi-class/multi-currency - USD/PHP

Info now out on the BPI's peso-denominated US equity feeder fund. Created an update post for more visibility. Original post by u/jmnativ: https://www.reddit.com/phinvest/comments/dsb38b/bpi_amtc_is_launching_a_new_fund_bpi_invest_us/
It's simply the Peso version of their US Equity Index feeder: https://www.bpiassetmanagement.com/pages/bpi-us-equity-index-feeder-fund that uses the SPY ETF. It has the same fee structure:
Trust Fee 0.7500% per annum payable to the Trustee, BPI AMTC
Custodianship Fees 0.0084% payable to the Third-Party Custodian of the Fund, Bank of New York Mellon
External Auditor Fee 0.0082% payable to the External Auditor of the Fund, Isla Lipana & Co.
Broker's Fee 0.0300% payable to the brokers / dealers for the buying / selling of shares / units of the Target Fund
Total 0.7966% (at least, if other expenses like taxes are not included)
Note that SPY's gross expense ratio by itself is 0.0945%
Investment amounts:
Unit Classes Class A (USD Class) Class P (Philippine Peso Class)
Minimum Initial Investment USD 1,000 PHP 50,000
Minimum Transaction Amount USD 500 PHP 10,000
From their FAQ:
If I invest in Unit “Class P” and the general consensus is stronger or weaker USD against major currencies, how will this affect me as an investor?
As a Unit “Class P” investor, should the US Dollar strengthen against the Philippine Peso, you stand to benefit on stronger US Dollar due to unrealized foreign exchange gains. On the other hand, should the US Dollar weaken against the Philippine Peso, you may experience additional volatility due to unrealized foreign exchange losses.
Note, however, that the NAVPU of the unit classes also reflects the daily marking-to-market of the underlying investments of the target fund. As such, we emphasize that clients are not encouraged to subscribe into the BPI Invest US Equity Index Feeder Fund Unit “Class P” to hedge foreign exchange risk. Unit “Class P” was designed primarily to provide convenient access to global outlets for investors with Philippine Peso.
---
So ultimately, it just provides the convenience that you don't have to buy USD to invest. The minimum transaction amount is also lower. The exchange risk is there whether you invest in USD or PHP... if you eventually will spend the investment proceeds in PHP. If one can buy and sell USD at better than bank rates, it may be better to invest in USD fund since BPI probably earns a little bit more on the forex spread.
I guess BPI just has to be clearer when stating the performance of the USD class and the PHP class, since the latter also effectively includes the exchange rate performance of USD vs PHP.
submitted by AmbisyosongAhedres to phinvest [link] [comments]

Credit Card Foreign Txn Conversion Rates (RE: Changes to Citi's Card Agreement and sane alternatives)

2 days ago, Citi Card users were greeted with changes on their agreement effective December 1, 2019. One thing that is glaring to me is the "clarification" on converting transactions charged in foreign currencies:
For transactions in foreign currencies other than US Dollar, the amount will first be converted to US Dollar before being converted to its Philippine Peso equivalent.
I'm certain that before I left the country, I knew their 3.525% fee and there was no mention of converting from other currencies to USD, then to PHP. Whether this was intentionally done to screw their users over or not, this changed my opinion of ever using Citi Cards for Forex Txns, especially that I'm out of the country and rely on cheap exchange rates.
I have another card with BDO, it says that they have a 1%+1.25% FETF. It is not certain though that they directly convert from other currencies to PHP directly, which I will clarify tomorrow. Anecdotally, BDO and Citi has lows and highs with their FETFs, but has ill-explained transparency of the exchange rates.
So what do you guys think of this? Should I dump all my expenses to BDO? or both banks are just as the same and there's no real "cheap" alternatives? Citi is supposed to be a larger bank, but they're charging 3.525% over BDO's 1%+1.25?
submitted by Apache_Longdong to phinvest [link] [comments]

tahirkhan17: potato quality images, very few comments and forex crap

submitted by Wonderdull to TheseFuckingAccounts [link] [comments]

Trusted foreign exchange companies in India

LuLu Forex Pvt. Ltd. is the Indian arm of LuLu International Exchange LLC, a reputed foreign exchange and money remittance company with its presence across the Arabian Gulf, India, Bangladesh, Philippines, Hong Kong, and Seychelles.
The company was incorporated on 8th October 2010 as a Private Limited Company with registered office at Cochin, Kerala. LuLu Forex received the FFMC (Full Fledged Money Changer) license from RBI on 10th May 2011 and the first branch at Cochin was opened on 3rd October 2011. Today the company has a pan-India presence with 31 branches in major cities across India. Driven by industry recognition as a valuable service provider, our corporate expansion plans include establishing a wider footprint across India.
http://luluforex.com
submitted by perlacoh to u/perlacoh [link] [comments]

(Reboot) ELI5 on how China fucked their own economy, chapter 6

OK Yesterday's HCFTHE was a big let down. I read on the next few chapters and I feel like there's no more point in translating anymore because the author's coherence is slipping.
This is a reboot. From here on, it's all cruise speed. No translating, it's all me!
(Translated) Chapter 1
(Translated) Chapter 2
(Translated) Chapter 3
(Translated) Chapter 4
(Translated) Chapter 5
Chapter 6: RMB internationalization, a dream? a future?
RMB internationalization. You've heard of RMB. We all have, the legend, the curses. Some foolishness about a currency that never devalues. A closed currency. Buried beneath an opaque monetary policy... a bald, aging portrait of Mao luring investors to their dreams. An illusion that you can begin again, change your fortunes. Issuing them, though, that's not the hard part. It's internationalization.
(Sorry been playing A LOT of fallout. Production is down 50% because half my office are gone and the other half...are playing with me. Seriously, fuck Chinese New year.)
Except for the face culture, RMB internationalization is pretty much a national goal of China. To have their currency achieve global status will make it a rival currency for the USDollar, much like the Euros...except it's Asian. An Asian euro is crucial for China to establish its asiaphere influence zone. Having China enter IMF's basket of currencies is just a first step.
Before we talk about "how", let's talk "why". Why is it important for RMB to go global. For this we will need a deep understanding of world economics, but to dumb it down to ELI5 levels, we'll simplify it down as following:
World domination.
Wow wow wow holy fuck upads what the fuck!? This escalated quickly!
Sorry, but this is a fact. The British Pound, once served as the world's premier reserve currency, shaped the British Empire where the sun never. In fact, UK still hold [14 overseas territories[(https://archive.org/stream/09LONDON1039/09LONDON1039_djvu.txt), and the sun never sets on all fourteen British territories at once. Glory to the queen!
OK let's double time, here's a short list of goals that RMB internationalization can help achieve:
  1. Debt. Chinese companies have a lot of debt in USD. As of right now China don't want RMB to devalue because it would make debts harder to pay.
  2. Getting rid of forex risk. Self explained.
  3. Exports. With all China's debts in RMB there will be no consequence in devaluing the RMB. Will you pay $400 for a Huawei smartphone? No? How about $100? Cheaper price, it helps boosts sales volume. A lot.
  4. Getting rid of language barrier. If you look up most common language on harmony it lists Chinese with the most number of speaker s in the world, followed by Spanish, then English. Guess what language is most common in the business world? English. Guess what language does world reserve currency countries speak? English.
  5. Getting rid of autistic monkeys ESL teachers. Having RMB as a global currency will help China demand their business partners to start speaking Chinese, giving China home field advantage. The reason ESL teachers are needed is because China needs to do business in English. Seriously why the fuck do I need to learn English if I'm not gonna do business?
  6. Better politics. With foreign languages kicked out of their curriculum, the Chinese population can spend more time learning useful things, such as how to worship the communist party Seriously, learning how to think politically is a mandatory subject in high school curriculum, as well as gaokao.
  7. Better economics.
Now on the spot light. Everyone who are asking me to talk about silk road start reading here.
Right now, China is in a tough spot with their overproduction problem. Here's a flow chart, from the start to now:
  1. Steel industries fighting to get into the market
  2. Too many steel suppliers leads to overproduction
  3. One steel suppliers try to eliminate competitions by driving prices down.
  4. Every steel supplier does the same.
  5. Prices eventually go so low, sales price is lower than production price.
  6. Every steel suppliers are now religions, praying their competitions will go bankrupt first so they can one day dominate the market.
  7. CCP cracks down on religion, prayers not answered. Steel suppliers now in the negative, have to borrow money from banks.
  8. Banking regulations stats they can only lend money to suppliers who are in business, i.e. have production and sales. Nobody can sack their workers and nobody can let their workers sit idle because it is also against the law to have idle workers.
  9. Death spiral: Lending leads to production, production leads to loss, loss leads to lending.
China is not as stupid as you think. They know how supply and demand works. They did not foresee the death spiral because there is no precedent. In normal cases supply-demand imbalance even out naturally by supply side shutting down due to lack of profit. But this is China. Steel makers are not investing their own money in the business, they are getting their source of funds from the government are. They do not care if their factories do not turn a profit. Afterall, it's not their own business.
"China is different." Damn right you are. China is the only country in the WTO whose majority of the population lacks independent thinking. The Chinese hierarchy system...it's a convenience. It tells you where to go, what to do, dulls your brain. The party wants us to make steel, I make steel, you make steel, everyone make steel! Everyone apply for a job for the steel making industry and everyone get subsidy from the government! Everyone drive down prices and everyone borrow money! Because the party says we need to make steel.
To fix this death spiral, China needs a larger demand, and if they cannot create demand among themselves, they have to create demand among foreign countries...and there is no way in hell the Americans and Europeans will accept Chinese quality steel.
So, turning their eye to Iran, Pakistan and other developing countries. Cue the one belt, one road protocol. Here's their pitch, dumbed down:
China: Do you want GDP? Do you want groooowth? Learn from us! Build bridges! We can sell you steel at half price! Not like greedy Europeans.
Really, that's it. Building infrastructure is one of the fastest way to bump your GDP, even if they end up useless later on. If China can sell their steel to those countries, they can effectively get rid of a lot of overproduction, maybe even evening out the supply-demand imbalances with the increase in demand!
Two obstacles here.
These developing countries have their own currency, and their other currency is in the form of foreign exchange, in USD. Foreign exchange risk still applies here. Secondly, because they are developing countries...often they don't have the money.
The solution: lend them money. With RMB. Through the Asia Infrastructure Investment Bank. This is going to kill 3 birds with one stone.
  1. Provide capital...provide a means to demand for things. The steel makers can now make a sale, easing oversupply problem finally.
  2. Weaken USD status, strengthen RMB status. Take loan out in RMB, repay with RMB...except you don't have RMB in your reserves. You take your USD from your foreign reserves, and exchange for RMB, because with closer ties with China supplying your every needs, there is no reason to be keeping those USDollars. Although AIIB says it's going to offer USD, Euro and RMB, you bet your ass that they are going to offer some very good conditions on taking loans out in RMB...the potential of further devaluation of RMB is already very attractive, I wonder what else they can add.
  3. Debt settlement. China can now use your USD to repay your debt (fun fact: AIIB lending terms are on a 3 year basis, so they will be collecting their USD in 2019----Guess when the majority of China's foreign debts are due? 2020. Their timing is just perfect).
  4. Positive cycle: Initial lending leads to sales of steel, sales of steel leads to infrastructure building, infrastructure building leads to more sales of other materials, which leads to more lending...the whole cycle leads to weaker USD status in these countries and strong RMB status.
Whew! That's a lot of research! Now that we got the AIIB out of the way, one belt is partially explained but to those who don't get it, high speed rail uses a lot of steel, and is considered infrastructure.
Now that we've got AIIB and one belt under the belt, the last that remains: one road. This is when I'm going into /conspiracy level shit talking and I'm sure I'll be generating a lot of downvotes, so I'll keep it skippy. Here's a list of problems are facing that can be solved with one road(sea silk road):
  1. Over production
  2. Economy focused along shorelines
  3. Dependency on natural resources from hostile foreign forces.
Here's how one road will help them solve these problems:
  1. Trade to solve overproduction, already mentioned above.
  2. Give China an excuse to exercise more controls on the sea, such as the entire South China Sea.
  3. This is the most important. Control of sea routes will allow China to prioritize their freight routes over other countries. While SCS is going to be free, it will be "free with Chinese characteristics". Freights from China are going to flood the SCS and take up a lot of queue space in sea routes shared with other countries, namely Brunei, India, Indonesia, Japan, Korea, Malaysia, Philippines, Taiwan, Phili, Indonesia, Taiwa, Vietnam, etc. If you have ever tried queuing with the Chinese, you know how this will end.
  4. Fuck yeah.
submitted by upads to China [link] [comments]

[Meta] Unofficial Philippines budget 2030

[M] Custom budgets are apparently no longer allowed, but I'm posting this anyway as it has useful information.
PHILIPPINES BUDGET 2030
GDP: $732,426,545,940
GDP growth: 4.25%
Population: 130,417,780
Population growth: 1.72%
GDP per capita: $5616.00
Revenue: $139,161,043,729
Revenue as % of GDP: 19%
SPENDING OF REVENUE:
Department of Education: $22,500,000,000 (16.16% of budget)
Department of National Defense: $18,500,000,000 (13.29% of budget)
Department of Health: $16,500,000,000 (11.86% of budget)
Department of Public Works and Highways: $15,500,000,000 (11.14% of budget)
Department of Interior and Local Government: $10,250,000,000 (7.37% of budget)
Department of Social Welfare and Development: $9,250,000,000 (6.65% of budget)
Department of Agriculture: $3,750,000,000 (2.69% of budget)
Department of Finance: $3,750,000,000 (2.69% of budget)
Department of Transportation and Communications: $3,750,000,000 (2.69% of budget)
Department of Science and Technology: $2,750,000,000 (1.98% of budget)
Department of Environment and Natural Resources: $2,750,000,000 (1.98% of budget)
Energy Transition Plan: $8,000,000,000 (5.75% of budget)
Debt servicing: $10,600,000,000 (7.62% of budget)
Foreign Exchange Reserve Deposit: $11,311,043,729 (8.13% of budget)
New Gross Debt after payments: $0
Debt as % of GDP: 0%
Spending of foreign exchange reserves from 2029:
$2,761,000,000 exchanged for gold
$11,311,043,729 deposit from budget
New foreign exchange reserves: $22,831,506,753
Gold reserves: 1402.2 tons
Due in part to the continued Chinese recession as well as the lowering of taxes, the budget has remained stagnant from 2029, sparking concerns that continued Filipino growth may not be something to take for granted. President Cojuango has downplayed criticisms, noting that the Energy Transition Plan is finally complete and will free up funding that he vows to redistribute appropriately.
At the same time, the Philippine has achieved enough gold to match the value of its predicted narrow stock of money, M0, allowing for the rebuilding of the nation's dramatically depleted foreign exchange reserves. Though the gold itself largely deters currency attacks, the Chinese recession has made it harder for the Philippines to maintain a positive trade balance, giving higher priority to forex account deposits than what had originally been intended.
Growth rate modifiers are decaying by 0.05 per year. 6.0% as base growth as a fast developing nation + 0.20% residual growth for FLNG upgrade + 0.10% residual growth for previous FLNG upgrade - 2.15% due to Chinese recession + 0.05% residual growth from industrial stimulus plan + 0.05% increase in construction/tech sectors from large PNET project
submitted by varianlogic to Geosim [link] [comments]

[Budget] Philippines budget 2037

Class IV Budget
Category Percentage Allocated Funds
Department of Education 18.82% $39,000,000,000.00
Department of Health 14.24% $29,500,000,000.00
Department of National Defense 10.62% $22,000,000,000.00
Defense Research & Procurement 1.59% $3,300,000,000.00
Department of Public Works and Highways 10.38% $21,500,000,000.00
Department of Social Welfare and Development 7.72% $16,000,000,000.00
Department of Science and Technology 7.48% $15,500,000,000.00
Department of Interior and Local Government 6.03% $12,500,000,000.00
Department of Agriculture 4.10% $8,500,000,000.00
Department of Transportation and Communications 3.14% $6,500,000,000.00
Department of Finance 2.65% $5,500,000,000.00
Department of Environment and Natural Resources 2.17% $4,500,000,000.00
Energy Transition Plan 3.86% $8,000,000,000.00
Sulu Tunnels 5.90% $12,228,571,428.00
Foreign Exchange Reserve Deposit 1.28% $2,659,014,369.57
New foreign exchange reserves: $55,361,722,130
Maximum Gold reserves: 1724.5 tons
Maximum M0 : 3,443,646,823,000 PHP
These two values exist in an undefined equilibrium due to the gold standard. Some portion of the printed PHP is temporarily out of circulation after being exchanged for gold, and likewise some portion of the gold reserves is currently circulating in the economy. With growing forex reserves and no balance of payments crisis in the foreseeable future, it is unimportant to establish the exact figures.
The Sulu Tunnels megaproject has made a notable impact on both the budget and on economic growth, leading some to worry about a construction sector bubble that may have accumulated over the past decade. Nevertheless, the NPC maintains that the situation is sustainable, believing that there are enough remaining growth-generating infrastructure projects in the Philippines to sustain construction sector employment through 2055 when it is hoped that a space infrastructure boom will occur.
Separately, raw materials and mining income from Zimbabwe is expected to begin the following year, and President Lakian has suggested that some of the money could be diverted to further FLNG development off the shore of Papua New Guinea.
Growth rate modifiers are decaying by 0.05 per year. 5.0% base growth as a developing nation (that has reached $7500 GDP/capita) + 0.05% estimated increased trade due to original CPS treaty + 0.25% from huge contracts to build MNET-ENet-CNet across most of Latin America + 0.35% long term growth in construction sector from Sulu Tunnels project.
submitted by varianlogic to Geosim [link] [comments]

[Budget] Philippines budget 2040

Class IV Budget
Category Percentage Allocated Funds
Department of Education 18.83% $46,000,000,000.00
Department of Health 14.12% $34,500,000,000.00
Department of National Defense 9.82% $24,000,000,000.00
Defense Research & Procurement 1.47% $3,600,000,000.00
Department of Public Works and Highways 10.03% $24,500,000,000.00
Department of Social Welfare and Development 7.78% $19,000,000,000.00
Department of Science and Technology 7.57% $18,500,000,000.00
Department of Interior and Local Government 5.32% $13,000,000,000.00
Department of Agriculture 3.89% $9,500,000,000.00
Department of Transportation and Communications 3.27% $8,000,000,000.00
Department of Finance 2.76% $6,750,000,000.00
Department of Environment and Natural Resources 2.66% $6,500,000,000.00
Energy Transition Plan 3.27% $8,000,000,000.00
Sulu Tunnels and Friendship Tunnel 5.97% $14,598,571,428.00
Foreign Exchange Reserve Deposit 3.23% $7,904,003,992.31
Spending of foreign exchange reserves:
$1,660,000,000 to South Africa for purchase of gold
New foreign exchange reserves: $69,901,928,766
Maximum Gold reserves: 1921.0 tons
Maximum M0 : 3,836,033,160,000 PHP
These two values exist in an undefined equilibrium due to the gold standard. Some portion of the printed PHP is temporarily out of circulation after being exchanged for gold, and likewise some portion of the gold reserves is currently circulating in the economy. With growing forex reserves and no balance of payments crisis in the foreseeable future, it is unimportant to establish the exact figures.
2040 represents the first year that the plan to grow the physical money supply at a rate greater than inflation goes into effect, similar to the continued policy of increasing government revenue for all departments at a rate greater than inflation. Support for the gold standard also got a large boost as the Eurasian Federation has announced its intention to follow the policy. President Lakian comments:
"The first large industrial nation has joined the gold standard effort, meaning that it is entirely conceivable that the world's supply of gold will be consumed for the purpose of currency. This places current users of the gold standard - the Philippines, Maha Tai, Papua New Guinea, and Cambodia - in a very strong position as our gold reserves are proportionately much larger compared to other nations for the size of our economies. We will have the option to either maintain the standard if the world economy is unstable, or if it remains stable we can sell the gold at a large profit due to its scarcity."
Growth rate modifiers are decaying by 0.05 per year. 5.0% base growth as a developing nation (that has reached $7500 GDP/capita) + 0.10% from huge contracts to build MNET-ENet-CNet across most of Latin America + 0.40% long term growth in construction sector from Sulu Tunnels and Friendship Tunnel projects - 0.05% in land development due to significantly higher costs for building new homes
submitted by varianlogic to Geosim [link] [comments]

[Budget] Philippines budget 2043

Class IV Budget
Category Percentage Allocated Funds
Department of Education 17.69% $50,500,000,000.00
Department of Health 13.49% $38,500,000,000.00
Department of National Defense 9.02% $25,750,000,000.00
Defense Research & Procurement 1.35% $3,862,500,000.00
Department of Public Works and Highways 9.55% $27,250,000,000.00
Department of Social Welfare and Development 7.53% $21,500,000,000.00
Department of Science and Technology 7.53% $21,500,000,000.00
Department of Interior and Local Government 5.08% $14,500,000,000.00
Department of Agriculture 3.85% $11,000,000,000.00
Department of Transportation and Communications 3.33% $9,500,000,000.00
Department of Finance 2.63% $7,500,000,000.00
Department of Environment and Natural Resources 2.63% $7,500,000,000.00
Energy Transition Plan 5.87% $16,749,000,000.00
Sulu, Friendship, and Solomon Tunnels 6.02% $17,198,571,428.00
National Battery Banks 2.63% $7,500,000,000.00
Foreign Exchange Reserve Deposit 1.80% $5,149,692,203.46
Spending of foreign exchange reserves:
$1,660,000,000 to South Africa for purchase of gold
New foreign exchange reserves: $54,472,379,969
Maximum Gold reserves: 2223.8 tons
Maximum M0 : 4,440,687,887,000 PHP
These two values exist in an undefined equilibrium due to the gold standard. Some portion of the printed PHP is temporarily out of circulation after being exchanged for gold, and likewise some portion of the gold reserves is currently circulating in the economy. With growing forex reserves and no balance of payments crisis in the foreseeable future, it is unimportant to establish the exact figures.
Since 2040, the inflation-adjusted value of all physical money has risen 7.5%, relieving the predicted cash shortage to an unknown extent.
As predicted, budgetary stability has returned and foreign exchange reserves are once again on the rise. As the rate of gold imports continues to increase, there are those who point to projections of the government potentially spending $20 billion annually on the policy in the 2060's to suggest that a 1:1 gold standard:physical money ratio will eventually need to be lowered to 1:2 in line with the policy of Maha Tai and the Eurasian Federation.
President Orongan has brushed off criticism by observing that gold panners introduce 18 tons of gold per year into the Philippine economy - suggesting the mineral is still widespread - and that sourcing gold from Africa rather than domestically was an intentional choice to allow for low-cost domestic extraction in the future. She also made a remark that many found unsettling:
"The PSPK gold stash was substantial, and it is far from the only large stash of gold hidden away in the Philippines. A series of specific individuals or their descendents with ties to the Marcos regime will be approached by our intelligence services to offer partial legalization of their illicit funds - American bearer bonds excepted - in exchange for the physical gold in the next few years. While I will not embarrass myself with an estimate, I will say that I am optimistic about the potential for this program."
Growth rate modifiers are decaying by 0.05 per year. 4.5% new base growth + 0.35% long term growth in construction sector from Sulu Tunnels, Friendship Tunnel, and Solomon Tunnel projects + 0.05% from Third Energy Transition Plan
Population growth rate still frozen until next season when I can come up with a better model :/
submitted by varianlogic to Geosim [link] [comments]

[Budget] Philippines budget 2042

Class IV Budget
Category Percentage Allocated Funds
Department of Education 18.03% $49,000,000,000.00
Department of Health 13.61% $37,000,000,000.00
Department of National Defense 9.20% $25,000,000,000.00
Defense Research & Procurement 1.38% $3,750,000,000.00
Department of Public Works and Highways 9.66% $26,250,000,000.00
Department of Social Welfare and Development 7.63% $20,750,000,000.00
Department of Science and Technology 7.36% $20,000,000,000.00
Department of Interior and Local Government 5.15% $14,000,000,000.00
Department of Agriculture 3.86% $10,500,000,000.00
Department of Transportation and Communications 3.31% $9,000,000,000.00
Department of Finance 2.67% $7,250,000,000.00
Department of Environment and Natural Resources 2.67% $7,250,000,000.00
Energy Transition Plan 6.16% $16,749,000,000.00
Sulu, Friendship, and Solomon Tunnels 6.33% $17,198,571,428.00
National Battery Banks 2.76% $7,500,000,000.00
Foreign Exchange Reserve Deposit 0.23% $612,722,703.83
Spending of foreign exchange reserves:
$1,660,000,000 to South Africa for purchase of gold
New foreign exchange reserves: $50,922,687,765
Maximum Gold reserves: 2117.9 tons
Maximum M0 : 4,229,226,559,000 PHP
These two values exist in an undefined equilibrium due to the gold standard. Some portion of the printed PHP is temporarily out of circulation after being exchanged for gold, and likewise some portion of the gold reserves is currently circulating in the economy. With growing forex reserves and no balance of payments crisis in the foreseeable future, it is unimportant to establish the exact figures.
As expected, economic growth is beginning to slow, but as of yet it has not conflicted with the tradition of expanding all budget categories at a greater rate than inflation. The Orongan administration predicts that foreign exchange reserves will begin to rise again starting next year, and remains optimistic about regional economic stability due to the peaceful Japanese annexation of Karafuto.
In light of these positive indicators, President Orongan has indicated her desire to proceed with the funding for the underwater habitation and research complex with New Zealand, Papua, and the Solomon Islands - widely considered to be an alpha stage to gather data for a future station on Jupiter's moon Europa in the 2060's or 2070's. A meeting will be arranged shortly with all involved parties to discuss the proposed direction of research during what will likely be a lengthy construction period.
Supporting this endeavor, the government has released a short teaser video demonstrating a hypothetical modification to Japan's Hachimann Landing System which includes a large ice drill. Though conditions continue to improve within the Philippines, the pace may be less than satisfactory for those on the bottom rung of society, and by promoting such long-term visions for the nation the government hopes to stifle potential unrest, especially in light of the growing popularity of the People's Action Party.
Growth rate modifiers are decaying by 0.05 per year. 4.5% new base growth + 0.40% long term growth in construction sector from Sulu Tunnels, Friendship Tunnel, and Solomon Tunnel projects + 0.10% from Third Energy Transition Plan + 0.05% growth in agriculture sector
Population growth rate frozen until next season when I can come up with a better model :/
submitted by varianlogic to Geosim [link] [comments]

[Event] Foreign exchange reserve diversification

As the new gold mines begin operations this year, the government has seen it as an appropriate time to discuss the future of the foreign exchange reserves of the Philippines.
After a lengthy discussion of the current status of the global economy, especially regarding the Chinese-American tensions, the Senate has approved by a large majority the Forex Diversification Act.
The government of the Philippines will be mandated to purchase all 36.1 tons of annual gold production occurring inside the country's borders using its foreign exchange reserves until the nation's total gold reserves reach 650 tons, at which point the policy will be up for review.
Should a financial crisis strike, in this case being defined as any event which causes gold to appreciate more than 35% within a quarter, the Senate will convene an emergency session to vote on whether to temporarily suspend gold purchases and whether or not to instead attempt to sell gold for a profit.
submitted by varianlogic to Geosim [link] [comments]

[Budget] Philippines budget 2041

Class IV Budget
Category Percentage Allocated Funds
Department of Education 18.38% $47,500,000,000.00
Department of Health 13.83% $35,750,000,000.00
Department of National Defense 9.29% $24,000,000,000.00
Defense Research & Procurement 1.39% $3,600,000,000.00
Department of Public Works and Highways 9.77% $25,250,000,000.00
Department of Social Welfare and Development 7.74% $20,000,000,000.00
Department of Science and Technology 7.45% $19,250,000,000.00
Department of Interior and Local Government 5.22% $13,500,000,000.00
Department of Agriculture 3.87% $10,000,000,000.00
Department of Transportation and Communications 3.29% $8,500,000,000.00
Department of Finance 2.71% $7,000,000,000.00
Department of Environment and Natural Resources 2.71% $7,000,000,000.00
Energy Transition Plan 6.48% $16,749,000,000.00
Sulu Tunnels and Friendship Tunnel 5.65% $14,598,571,428.00
National Battery Banks 1.93% $5,000,000,000.00
Foreign Exchange Reserve Deposit 0.28% $728,036,294.67
Spending of foreign exchange reserves:
$1,660,000,000 to South Africa for purchase of gold
$14,500,000,000 for geothermal plant renovations
$2,500,000,000 for National Battery Banks program
New foreign exchange reserves: $51,969,965,061
Maximum Gold reserves: 2017.1 tons
Maximum M0 : 4,027,834,818,000 PHP
These two values exist in an undefined equilibrium due to the gold standard. Some portion of the printed PHP is temporarily out of circulation after being exchanged for gold, and likewise some portion of the gold reserves is currently circulating in the economy. With growing forex reserves and no balance of payments crisis in the foreseeable future, it is unimportant to establish the exact figures.
The new Orongan administration found itself with a major headache in the form of trying to balance a budget while maintaining funding for several large projects. Unfortunately, as the President was more or less thrust into her position by the NPC party, she cannot afford to criticize their spending policies without alienating her political supporters yet.
With the prospects of slowing growth and declining government revenue in the years to come, the Philippines will need to find additional sources of funding if it is to continue its infrastructure megaprojects on schedule while simultaneously remaining debt free and accumulating large amounts of gold.
In a short speech to supporters, President Orongan justified the deep withdrawals from the forex reserves:
"The National Battery Bank network is more than just another piece of infrastructure, and should be viewed as a store of value. Over time we anticipate that an energy-based currency will arise due to the universal applications of electricity, and the Philippines will be at the forefront of developing modular technologies for storage and trade of this commodity."
Growth rate modifiers are decaying by 0.05 per year. 5.0% base growth as a developing nation + 0.05% from huge contracts to build MNET-ENet-CNet across most of Latin America + 0.35% long term growth in construction sector from Sulu Tunnels and Friendship Tunnel projects + 0.05% income from carbon offset program + 0.15% from Third Energy Transition Plan
Also, population growth decay turned out to be way too fast, so I reversed it a bit.
submitted by varianlogic to Geosim [link] [comments]

[Budget] Philippines budget 2036

Class IV Budget
Category Percentage Allocated Funds
Department of Education 18.64% $36,500,000,000.00
Department of Health 14.30% $28,000,000,000.00
Department of National Defense 11.24% $22,000,000,000.00
Defense Research & Procurement 1.69% $3,300,000,000.00
Department of Public Works and Highways 10.47% $20,500,000,000.00
Department of Social Welfare and Development 7.15% $14,000,000,000.00
Department of Science and Technology 7.15% $14,000,000,000.00
Department of Interior and Local Government 6.38% $12,500,000,000.00
Department of Agriculture 4.34% $8,500,000,000.00
Department of Transportation and Communications 3.19% $6,250,000,000.00
Department of Finance 2.68% $5,250,000,000.00
Department of Environment and Natural Resources 2.17% $4,250,000,000.00
Energy Transition Plan 4.09% $8,000,000,000.00
Foreign Exchange Reserve Deposit 6.52% $12,756,899,503.36
New foreign exchange reserves: $52,702,707,760
Maximum Gold reserves: 1674.3 tons
Maximum M0 : 3,343,346,430,000 PHP
These two values exist in an undefined equilibrium due to the gold standard. Some portion of the printed PHP is temporarily out of circulation after being exchanged for gold, and likewise some portion of the gold reserves is currently circulating in the economy. With growing forex reserves and no balance of payments crisis in the foreseeable future, it is unimportant to establish the exact figures.
Notably, the GDP has finally reached $1 trillion, adding the Philippines to an exclusive club of nations and the largest in ASEAN after Indonesia. With the impending unification of Mueang Thai with Laos and possibly Yunnan, the Philippines will have to work hard to retain this status in future years, though friendly competition is always welcome.
Market confidence has also recovered from the uncertainty revolving around the Chinese occupation in light of the world class mineral deposits uncovered in the Zimbabwean Plateau of South Africa by Filipino surveyors. With a perceived lack of outside interest in mining these deposits, the Philippine government has suggested it may develop a majority of them itself via state capitalism in cooperation with South Africa, potentially offsetting the impact to the budget of decreased taxes as part of ongoing minimum wage reform.
Growth rate modifiers are decaying by 0.05 per year. 6.0% as base growth as a fast developing nation + 0.05% residual effect of market rally from Sabah annexation + 0.10% estimated increased trade due to original CPS treaty + 0.30% from huge contracts to build MNET-ENet-CNet across most of Latin America + 0.05% stock market bump from discovery of vast Zimbabwean riches.
submitted by varianlogic to Geosim [link] [comments]

[Budget] Philippines Budget 2030

PHILIPPINES BUDGET 2030
GDP: $732,426,545,940
GDP growth: 4.25%
Population: 130,417,780
Population growth: 1.72%
GDP per capita: $5616.00
Revenue: $139,161,043,729
Revenue as % of GDP: 19%
SPENDING OF REVENUE:
Department of Education: $22,500,000,000 (16.16% of budget)
Department of National Defense: $18,500,000,000 (13.29% of budget)
Department of Health: $16,500,000,000 (11.86% of budget)
Department of Public Works and Highways: $15,500,000,000 (11.14% of budget)
Department of Interior and Local Government: $10,250,000,000 (7.37% of budget)
Department of Social Welfare and Development: $9,250,000,000 (6.65% of budget)
Department of Agriculture: $3,750,000,000 (2.69% of budget)
Department of Finance: $3,750,000,000 (2.69% of budget)
Department of Transportation and Communications: $3,750,000,000 (2.69% of budget)
Department of Science and Technology: $2,750,000,000 (1.98% of budget)
Department of Environment and Natural Resources: $2,750,000,000 (1.98% of budget)
Energy Transition Plan: $8,000,000,000 (5.75% of budget)
Debt servicing: $10,600,000,000 (7.62% of budget)
Foreign Exchange Reserve Deposit: $11,311,043,729 (8.13% of budget)
New Gross Debt after payments: $0
Debt as % of GDP: 0%
Spending of foreign exchange reserves from 2029:
$2,761,000,000 exchanged for gold
$11,311,043,729 deposit from budget
New foreign exchange reserves: $22,831,506,753
Gold reserves: 1402.2 tons
Due in part to the continued Chinese recession as well as the lowering of taxes, the budget has remained stagnant from 2029, sparking concerns that continued Filipino growth may not be something to take for granted. President Cojuango has downplayed criticisms, noting that the Energy Transition Plan is finally complete and will free up funding that he vows to redistribute appropriately.
At the same time, the Philippine has achieved enough gold to match the value of its predicted narrow stock of money, M0, allowing for the rebuilding of the nation's dramatically depleted foreign exchange reserves. Though the gold itself largely deters currency attacks, the Chinese recession has made it harder for the Philippines to maintain a positive trade balance, giving higher priority to forex account deposits than what had originally been intended.
Growth rate modifiers are decaying by 0.05 per year. 6.0% as base growth as a fast developing nation + 0.20% residual growth for FLNG upgrade + 0.10% residual growth for previous FLNG upgrade - 2.15% due to Chinese recession + 0.05% residual growth from industrial stimulus plan + 0.05% increase in construction/tech sectors from large PNET project
submitted by varianlogic to GeosimBudgets [link] [comments]

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