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Sunday, July 10, 2016

NEDA: YOU NEED P120,000 INCOME MONTHLY IN ORDER TO LIVE COMFORTABLY


WHAT IS THE IDEAL GROSS INCOME FOR A TYPICAL FILIPINO FAMILY WITH 4 MEMBERS?

According to the  survey conducted by the National Economic and Development Authority (NEDA),a typical Filipino family with four members has to earn Php120,000 gross monthly income  to live a "simple and comfortable" life.The said amount will allow the family to live in a medium-sized house, own a car, travel occasionally and send two children to college.
79.2% of the survey participants which can be regarded as majority,say that they aspire for a simple and comfortable life and the  16.9% Filipinos say they want  an affluent life,and the rest say they aspire fr the life of the rich,NEDA Director-General Emmanuel Esguerra said.
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To reach Php120,000 target,both parents should earn Php60,000/month.


The International Labor Organization calculated the average monthly wage in the Philippines at only Php11,700.Thus,the "simple ,comfortable life" that every Filipino aspires is just a wish far to be fulfilled.













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Esguerra clarifies that the study is meant to be more of a "vision" for the Philippines by 2040.The study does not ,in any way, meant for showing what our country is lacking, according to Esguerra. 
“This is not meant to be prescriptive. This is just saying where Filipinos want to go, and the trade-offs. This is a vision”,He said.


According to NEDA Deputy Director-General Rosemarie Edillon, it will be easier for Filipinos to achieve this vision  as long as the economy continues to grow.
Edillon said:"If we grow like we did in the past, we will achieve this. But if not, majority of the Filipinos will not be able to achieve this," .
The Php120,000 gross 4-member family income is translated to USD11,000 per capita income and can eliminate poverty in the country if achieved.
Guillermo Luz, private sector co-chairman of National Competitiveness Council, echoed his remarks saying "the wish of the private sector can turn into a reality should the public and private sectors collaborate."

"For sure, we are going to need constant research over 25 years. This requires a great deal of patience and perseverance. We all need to fully understand the value of implementation – its nuts and bolts," Luz added.
However,this vision can help the Filipinos set their goals,be it a 25-year span or even longer.We need to do our part and we must start the change within ourselves.
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China's plans to hire Filipino household workers to their five major cities including Beijing and Shanghai, was reported at a local newspaper Philippine Star. it could be a big break for the household workers who are trying their luck in finding greener pastures by working overseas  China is offering up to P100,000  a month, or about HK$15,000. The existing minimum allowable wage for a foreign domestic helper in Hong Kong is  around HK$4,310 per month.  Dominador Say, undersecretary of the Department of Labor and Employment (DOLE), said that talks are underway with Chinese embassy officials on this possibility. China’s five major cities, including Beijing, Shanghai and Xiamen will soon be the haven for Filipino domestic workers who are seeking higher income.  DOLE is expected to have further negotiations on the launch date with a delegation from China in September.   according to Usec Say, Chinese employers favor Filipino domestic workers for their English proficiency, which allows them to teach their employers’ children.    Chinese embassy officials also mentioned that improving ties with the leadership of President Rodrigo Duterte has paved the way for the new policy to materialize.  There is presently a strict work visa system for foreign workers who want to enter mainland China. But according Usec. Say, China is serious about the proposal.   Philippine Labor Secretary Silvestre Bello said an estimated 200,000 Filipino domestic helpers are  presently working illegally in China. With a great demand for skilled domestic workers, Filipino OFWs would have an option to apply using legal processes on their desired higher salary for their sector. Source: ejinsight.com, PhilStar Read More:  The effectivity of the Nationwide Smoking Ban or  E.O. 26 (Providing for the Establishment of Smoke-free Environment in Public and Enclosed Places) started today, July 23, but only a few seems to be aware of it.  President Rodrigo Duterte signed the Executive Order 26 with the citizens health in mind. Presidential Spokesperson Ernesto Abella said the executive order is a milestone where the government prioritize public health protection.    The smoking ban includes smoking in places such as  schools, universities and colleges, playgrounds, restaurants and food preparation areas, basketball courts, stairwells, health centers, clinics, public and private hospitals, hotels, malls, elevators, taxis, buses, public utility jeepneys, ships, tricycles, trains, airplanes, and  gas stations which are prone to combustion. The Department of Health  urges all the establishments to post "no smoking" signs in compliance with the new executive order. They also appeal to the public to report any violation against the nationwide ban on smoking in public places.   Read More:          ©2017 THOUGHTSKOTO www.jbsolis.com SEARCH JBSOLIS, TYPE KEYWORDS and TITLE OF ARTICLE at the box below Smoking is only allowed in designated smoking areas to be provided by the owner of the establishment. Smoking in private vehicles parked in public areas is also prohibited. What Do You Need To know About The Nationwide Smoking Ban Violators will be fined P500 to P10,000, depending on their number of offenses, while owners of establishments caught violating the EO will face a fine of P5,000 or imprisonment of not more than 30 days. The Department of Health  urges all the establishments to post "no smoking" signs in compliance with the new executive order. They also appeal to the public to report any violation against the nationwide ban on smoking in public places.          ©2017 THOUGHTSKOTO


Dominador Say, undersecretary of the Department of Labor and Employment (DOLE), said that talks are underway with Chinese embassy officials on this possibility. China’s five major cities, including Beijing, Shanghai and Xiamen will soon be the destination for Filipino domestic workers who are seeking higher income.
©2016 THOUGHTSKOTO