“CLARK SHOW (sic) signs of positive outlook as importation reaches $152.8 in January.”
So a press release from the Clark Development Corp. (CDC) proudly proclaimed. A measly $152.8 – all of P7,334.40 at P48:$1 exchange – for one month is enough source of pride?
So where is the state-run Freeport going to?
Ah, the M – for million – was inadvertently missed after the amount in the headline there. So okay, $152.8 million in importation.
Enough for the CDC – per report of one Nunila Laluces of the enterprise operations and monitoring department to CDC President-CEO Benny Ricafort – to see “a sign of positive outlook for the year as the volume was even double in (sic) the same month last year.” Which, Laluces said, was “only $80.1 million.”
Furthered the press release: “The biggest volume came from the aviation industry which imports close to $100 million followed by the semi-conductors firms with $26.3 million and tire firm with $16.1 million.
“The garment industry, Laluces said has also $7.5 million import volume last month alone which is a good sign that the exporting firms are still bullish this year.
“Laluces reports (sic) also said that other industries such as the tourism, industrial, commercial, other service-oriented and agri-related sector have also contributed in (sic) the rise of importation volume in Clark which only shows that investors here are confident (sic) economic rebound this year.”
I don’t know if it is some “new economics” that the CDC uses in gauging economic outlook by sheer importation. I have to humbly admit though, the nine units I earned in college economics are much wanting, nay, absolutely nil, compared to the master’s and doctorate degrees packed in the splendid resumès of those people at CDC. No way too that my reading of Marx’s Das Kapital could get me anywhere near the CDC honchos’ lofty level.
Still, as basic as simple buy-and-sell in the determination of profit, or loss, is the consideration of the cost of import vis-à-vis the income from export, with all other factors as labor, transport and shipping, duties and other charges thrown in. The difference defining the firm’s economic health.
So in January 2009 alone, importation at the Clark Freeport reached $152.8 million. So what?
So in January 2009 alone, how much did exportation from the Clark Freeport reach? Then what?
So the press release said: “The exporting industries in Clark has (sic) been perennially noted by the Department of Trade and Industry as among the prime economic booster (sic) in Central Luzon because of the strong export industry despite the global economic slowdown.”
“CL usually ranks 3rd among the 16 regions including NCR in terms of export receipts due to the presence of a number of economic zones in Subic, Pampanga and Tarlac provinces.”
Motherhood statements cannot in any way substitute for cold, hard figures in economics. That, I have long learned. Thus my shift to writing.
So before any “sign of positive outlook” at the Freeport can ever be seen, the color of the money from Clark’s exports needs to be shown first.
Else, the CDC is just imagining things. Or worse, it is hallucinating.
So a press release from the Clark Development Corp. (CDC) proudly proclaimed. A measly $152.8 – all of P7,334.40 at P48:$1 exchange – for one month is enough source of pride?
So where is the state-run Freeport going to?
Ah, the M – for million – was inadvertently missed after the amount in the headline there. So okay, $152.8 million in importation.
Enough for the CDC – per report of one Nunila Laluces of the enterprise operations and monitoring department to CDC President-CEO Benny Ricafort – to see “a sign of positive outlook for the year as the volume was even double in (sic) the same month last year.” Which, Laluces said, was “only $80.1 million.”
Furthered the press release: “The biggest volume came from the aviation industry which imports close to $100 million followed by the semi-conductors firms with $26.3 million and tire firm with $16.1 million.
“The garment industry, Laluces said has also $7.5 million import volume last month alone which is a good sign that the exporting firms are still bullish this year.
“Laluces reports (sic) also said that other industries such as the tourism, industrial, commercial, other service-oriented and agri-related sector have also contributed in (sic) the rise of importation volume in Clark which only shows that investors here are confident (sic) economic rebound this year.”
I don’t know if it is some “new economics” that the CDC uses in gauging economic outlook by sheer importation. I have to humbly admit though, the nine units I earned in college economics are much wanting, nay, absolutely nil, compared to the master’s and doctorate degrees packed in the splendid resumès of those people at CDC. No way too that my reading of Marx’s Das Kapital could get me anywhere near the CDC honchos’ lofty level.
Still, as basic as simple buy-and-sell in the determination of profit, or loss, is the consideration of the cost of import vis-à-vis the income from export, with all other factors as labor, transport and shipping, duties and other charges thrown in. The difference defining the firm’s economic health.
So in January 2009 alone, importation at the Clark Freeport reached $152.8 million. So what?
So in January 2009 alone, how much did exportation from the Clark Freeport reach? Then what?
So the press release said: “The exporting industries in Clark has (sic) been perennially noted by the Department of Trade and Industry as among the prime economic booster (sic) in Central Luzon because of the strong export industry despite the global economic slowdown.”
“CL usually ranks 3rd among the 16 regions including NCR in terms of export receipts due to the presence of a number of economic zones in Subic, Pampanga and Tarlac provinces.”
Motherhood statements cannot in any way substitute for cold, hard figures in economics. That, I have long learned. Thus my shift to writing.
So before any “sign of positive outlook” at the Freeport can ever be seen, the color of the money from Clark’s exports needs to be shown first.
Else, the CDC is just imagining things. Or worse, it is hallucinating.
