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What are the most beneficial times to save? Not on a rainy day.

Duterte, Save, Philippine, Singapore

What is the best time to save for rainy days?

Not when it is raining.

The best time to save is when things are going well. You can never save enough because you never know how long it will take for a rainy day to arrive.

It is tempting to dip into the coffers during good times. However, it is unwise to do so.

Duterte, Save, Philippine, Singapore

Take a moment to think about the future, both for yourself and for your children.

Our eyes should always be fixed on the present while also keeping them on the horizon at the same time, in order to maintain a healthy balance.

There is no doubt that populism will lead you down the road to ruin. The road to hell is paved with good intentions, as the old saying goes.

The Philippines' aid budget is running low

As it is reported, in the Philippines, President Rodrigo Duterte stated that there wasn’t enough money to provide aid to the people because of the lack of resources available to him.

To prevent further spread of the disease, doctors would like the lockdown to remain in place for as long as possible. However, Duterte remarked that many people would want to get back to work as soon as possible.

But Duterte pointed out that the funds provided by Congress have already run out, so it is imperative that Filipinos return to work so that they can support their families and feed themselves, as he stressed the importance of allowing them to return to work.

"We are doing our very best and (we have the) localized lockdown. I’m sorry Manila. Ngayon you may say, 'Place Manila under lockdown, also other places, the entire Philippines so nobody would catch the virus.' The problem is we no longer have money," Duterte said in a televised address on Sunday.

"I cannot give food anymore and money to people. So I have to… So that’s modified (enhanced community quarantine) especially for critical industries. Food, number one, medicines...First, they have nothing to eat. Only a few people have savings good for...a rainy day? Well our savings is just good for a drizzle," he added.

Reference:

  1. Duterte says sorry, restores quarantine restrictions around Manila as Covid-19 cases soar

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