High fuel prices sap economic optimism among Filipinos

April 16, 2011

MALACANANG said Thursday that a drop in optimism among Filipinos can be traced to oil price hikes, which it is already trying to address.
A Social Weather Stations (SWS) survey in March found that fewer respondents felt that their lives would improve in the next 12 months.
From a “very high” net personal optimism rating of +35 in November, the SWS survey reported a “high” of +24.
Optimism for the economy also fell from +30 in November to +4 in March.
Presidential Communications Operations Secretary Herminio Coloma Jr. said the results were expected considering the period the surveys were conducted.
He said the survey was conducted at a time when “the most dominant event is the oil price hike,” he said.
“They also have a chart that shows the survey conducted during the previous administrations, and I noticed that every time the oil prices increase or there is a spike in oil prices, the level of optimism is affected,” he added.
Coloma said the government is studying options to mitigate the impact on the public of continuing oil price hikes.
He welcomed the survey results, saying “those optimism or attitude ratings are very helpful because we look at this as an impetus for us to intensify our efforts to implement the programs of government that we have committed ourselves to.”
One of those programs is a subsidy intended to lighten the burden of rising fuel prices on drivers and operators of public utility vehicles.
President Benigno Aquino III said earnings from the Malampaya natural gas project in Palawan could be used to fund the subsidy.
However, Senate President Juan Ponce Enrile has advised caution on using Malampaya funds, saying the money has been earmarked for oil and gas exploration.
He added reallocating the money might need approval from the legislature.
“You cannot pay out money from the Treasury without an appropriation authorized by Congress. I’m sure that they know what they’re doing but I’m just cautioning that they should be very very careful,” he said. (Jill Beltran/Virgil Lopez/Jonathan de Santos)

Source: http://www.sunstar.com.ph/manila/local-news/2011/04/15/high-fuel-prices-sap-economic-optimism-among-filipinos-150660

Wine is becoming increasingly popular in Manila and other cities in the Philippines. Wine lovers in Manila travel to the north to visit Clark, Pampanga to shop for good and rate vintage wines at good duty-free prices. The most frequently visited liquor shop in Manila and wine shop in Pampanga is Clark Wine Center. This highly recommended wine shop located outside Manila near Angeles City, Pampanga in North Luzon is known for offering a great selection of fine vintage wine that is good quality and good value for money also.

This well-known wine shop is a famous shopping destination for wine enthusiasts in Manila and wine lovers from other cities in Asia including Hong Kong, Macau, Shanghai, Beijing, Seoul, Osaka and Tokyo.

Famous Philippines wine supplier known for its line of fine vintage wines, Yats Wine Cellars was established in 2000 to address the requirement of a growing population of wine enthusiasts in the Philippines. This 5-star wine shop caters to the discerning client who requires these qualities in their wines: (1) excellent value, (2) large selection of labels and vintages to choose from and (3) wines properly aged for full enjoyment.

Public wine tastings are held from time to time in Clark and sometimes in Manila. Tickets range from p500 to p1500 for these themed events that are professionally run –no wine merchants sponsorship, pushy salesmen or tacky banners to ruin the evening. Each ticket contains a certain number of stubs that can be redeemed for a tasting pour of a wine among those on a line-up which often contains wines that are quite old and expensive.

http://www.ClarkWineCenter.com

Getting to this wine shop in Pampanga Angeles City Clark Freeport Zone Philippines from Manila
Getting to the Clark Wine Center wine shop from Manila is quite simple: after entering Clark Freeport from Dau and Angeles City, proceed straight along the main highway M A Roxas. Clark Wine Center is the stand-along white building on the right, at the corner A Bonifacio Ave. From the Clark International Airport DMIA, ask the taxi to drive towards the entrance of Clark going to Angeles City. From Mimosa, just proceed towards the exit of Clark and this wine shop is on the opposite side of the main road M A Roxas.

Clark Wine Center
Bldg 6460 Clark Observatory Building
Manuel A. Roxas Highway corner A Bonifacio Ave,
Angeles Clark Freeport Zone, Pampanga 2023
0922-870-5173 0917-826-8790 (ask for Ana Fe)

Wine@Yats-International.com

YATS Wine Cellars
Manila Sales Office
3003C East Tower, Phil Stock Exchange Center,
Exchange Rd Ortigas Metro Manila, Philippines 1605
(632) 637-5019 0917-520-4393 ask for Rea or Chay

Best place to buy wine in Clark Pampanga outside Manila near Subic and Angeles City Philippines is Clark Wine Center.
Wedding couples looking for wedding reception venues and beach wedding venues can log on to this Philippines Wedding Venue web site for free information and assistance:

http://www.PhilippinesWeddingVenue.com

While in Clark, it might be a good idea to enjoy an evening of wine-and-dine in the fine dining Yats Restaurant and Wine Bar that features an award winning 2700-line wine list. It is located in Mimosa Leisure Estate of Clark Freeport Zone. For more information, visit http://www.YatsRestaurant.com

YATS Leisure Philippines is a developer and operator of clubs, resorts and high-class restaurants and wine shops in Clark Angeles Philippines http://www.YatsLeisure.com

Looking for famous tourists spots, places to visit and see, relax and unwind in Clark, Pampanga, Philippines? You may want to check out these sites also:

http://www.LondonPubClark.com

http://www.HotelClarkPhilippines.com

http://www.ClarkPhilippines.com

http://www.YatsWineCellars.com