Comments for GR Business Online

Comment on Philippines DOE Thumbs Down Increased Solar Power Capacity by WLB

WLB — Mon, 14 May 2012 03:59:14 +0000

Yes you’re right…instead of hiding in the lola (Grandmother of lies) “due to technical considerations on grid absorptions” copy-paste reasoning from one who have not proven a thing on Solar PV technology…(Have they invested to confirm if indeed this is a right thing to argue from the industry who see their “inefficiency” end as Solar Technology utilization proliferates” they should rather welcome this…or they are just creating a subsidized-by-people headstart and again as if they can contain the rise of renewable energy and create monopoly on that???they are gravely mistaken.

Comment on Philippines DOE Thumbs Down Increased Solar Power Capacity by WLB

WLB — Mon, 14 May 2012 03:32:41 +0000

…Look who’s talking..tsk.tsk…an advise from one who’s affiliations are for the rich minority, who will not offer a solution for the vast majority but perpetuation of their inefficiency and technology dumping-ground mentality….All of them, except CEPALCO have not provided enough “proof” of their “Technical Considerations on Grid-Absorption”…

Collectively lawyers and “blah-blah” business managers should not make “engineering assertions” coz they will not provide logical proof…but hide in their constitutional right to remain silent…or worst “profit bottomline objective only”.

Regression happens when reason are assigned to dustbins for the survival of “simple convenience of the few…” Anyways, Engineers -will see detours and more profitability in “Distributive Generation” and “Smart-Micro Grids” with its inherent protection from the protected human rights of access to one’s own development and collectivism through redefined cooperatives of the people….

In the end, the “griddy grid” haha…wrong spelling…wont survive the advent of natural technological evolution. Asian Integration will catch up on the laggard few…

Comment on Malaysia Rejects Call for Regional Currency: Foresight or Self-Preservation? by A Parliamentary System for the Philippines: Oversold and Underwhelming « Weather on Neptune

Wed, 09 May 2012 19:32:01 +0000

[...] Parliamentary form of government is responsible for all of that. And there are signs that Malaysia may be headed for some political and economic complications for some of the very reasons a Parliamentary system is supposed to prevent: personality politics, [...]

Comment on Philippines’ Export and Industry Bank Closed by Regulators by David Carl Grimes

David Carl Grimes — Wed, 09 May 2012 14:01:42 +0000

This blog post: “LBC Development Bank: Where Did the Money Go?” is about the shenanigans that took place at LBC Development Bank and its LBC Express Affiliates. It’s highly possible that BSP or PDIC could go after LBC Bank’s board and management and even LBC Express itself, to recover the money that was “lent” to LBC’s Affiliates. http://bancofilipinofailure.blogspot.com/2012/03/lbc-development-bank-where-did-money-go.html

Comment on Philippines’ Export and Industry Bank Closed by Regulators by Ben Kritz

Ben Kritz — Sat, 05 May 2012 15:18:36 +0000

I’d be happy to recommend a couple if you’d care to message me privately (use the contact form).

Comment on Philippines’ Export and Industry Bank Closed by Regulators by mcalleyboy

mcalleyboy — Sat, 05 May 2012 11:57:24 +0000

As an Immigrant here I have to say the banks have some questionable practices and so good to see an article on another failing bank to make light of the situation.

I got tired of money changers when cashing my checks they used to get a good chunk of change, so I needed a bank for a real peso-dollar exchange rate and I picked PNB I guess my money is safe it’s only a pension but they really put a monkey wrench in there when you try to withdraw your own money, they have a 30 day waiting period and you also have to keep a $500 deposit the 30 day rule is extremely unbendable and they tack on holidays on top of that also so you can be waiting for hard-earned money up to 35 days like me right now, dang and they charge you 100 peso’s to deposit a check also? I don’t get that either. I keep the $500 deposit so why do they need to apply extra charges. PNB also has some seriously ridiculous forms with many redundancies I can’t believe anyone with an education could make such a ridiculous fill in the blanks form, Can anyone recommend a better bank?

I guess my real wish is that more articles be written on how banks mess with peoples money and start exposing them, I know I’m not the only one wondering when I can get my hard earned dollars and pay the electrical bills.

Comment on Philippines’ Export and Industry Bank Closed by Regulators by David Carl Grimes

David Carl Grimes — Fri, 04 May 2012 14:14:59 +0000

If you want to know more about Export and Industry Bank, please check out: “Time is Running Out for Export and Industry Bank” (http://bancofilipinofailure.blogspot.com/2012/03/time-is-running-out-for-export-and.html) . It’s very possible that the bank gave every indication that the asset sale to BDO was pushing through. But they were running out of time, losing at least PHP 750 million in the first nine months of 2011. At that rate of loss, they would have run out of capital by June 2012 at the very latest. I doubt if PDIC will be able to recover anything to repay depositors with over PHP 500,000 in their accounts. First of all, their capital was way overstated. As of December 31, 2010, they had unbooked losses amounting to PHP 10.1 billion versus a capital base of only PHP 1.4 billion, leaving them with a financial deficit of PHP 8.7 billion. Since they have lost even more money since then, this deficit has only gotten bigger. Please see: “BSP’s Ampaw Accounting System” (http://bancofilipinofailure.blogspot.com/2011/09/bsps-ampaw-accounting-system.html). A lot of other banks are basically ponzi schemes, with little or no capital to back up their deposits. Please check out: “Philippine Commercial Banks with Overstated Capital as of December 31, 2011″ (http://bancofilipinofailure.blogspot.com/2012/05/philippine-commercial-banks-with.html)

Most Filipinos don’t have the time, the inclination, or the knowledge to examine their banks before they make a deposit. They generally rely on the regulatory authorities, namely BSP and PDIC, to protect them from losses. Given the sudden and prominent failures of Banco Filipino, LBC Bank, and now Export and Industry Bank, that protection has been sorely lacking. To help Filipino depositors, I’ve developed a financial screening guide that will help depositors avoid the worst of the worst banks. Six months ago, Export and Industry Bank topped that list. Please see “Export and Industry Bank Becomes Even More Insolvent”. For the latest guide, check out “Philippine Commercial Banks Show Improvement at Year End 2011″ (http://bancofilipinofailure.blogspot.com/2012/04/philippine-commercial-banks-show.html) For other banks that may fail, go to my blog: “Why Banco Filipino Failed” (http://bancofilipinofailure.blogspot.com)

Comment on Rare Earths Processing Suspended by Major Chinese Firm: Market Reaction or Manipulation? by Japan, Kazakhstan Agree to Joint Rare Earth Development Project | GR Business Online

Thu, 03 May 2012 17:24:00 +0000

[...] seen as a reaction to China’s severe restrictions on the export of rare-earth minerals, including a suspension of production in October of last year; prices of the metals have soared in the past 12 months, leading the US, EU, and other [...]