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Post by violet on Feb 17, 2012 8:10:38 GMT 10
www.youtube.com/user/machunochi1Emerging Philippines? MANILA, Philippines — Something unusual is happening. The Philippines — beleaguered recipient of decades of scorn for trailing its Asian competitors economically — is suddenly the darling of a bevy of enthusiastic analysts. “Philippines emerges from economic shade,” a headline thundered on the Asia Times website. “Is the Philippines emerging as an investor safe haven against economic weakness in the West and potential turbulence in China?” journalist Joel D. Adriano asked. New York-based Moody's projects 5% growth for the Philippines this year, while the London-based think-tank Capital Economics Ltd wrote in a recent report that the Philippines could achieve growth as high as 8% if its business and infrastructure spending targets are hit. Government economic managers have promised to frontload many of those projects.
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Post by violet on Feb 17, 2012 8:11:41 GMT 10
Middle Eastern Countries Investing in the Philippines 2012 Cash-rich Middle Eastern countries are driving the trend in the Philippines. A ranking official from the Department of Trade and Investment disclosed that Qatar will invest US$1 billion, mainly for infrastructure projects, over the next few years. A Kuwaiti firm recently committed to invest $500 million on top of its $200 million investment in a consortium building a $2 billion logistics center in Clark, Pampanga.
machunochi1
Japanese firm to invest P20B in PH MANILA, Philippines - Two Japanese firms known for their printer brands announced they are investing in the Philippines with one of the investments reaching P20 billion
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Post by violet on Feb 17, 2012 8:12:31 GMT 10
Philippine investment board records 22pct growth in 2011 The Government's Board of Investments registered P368.9B investments for 2011, reflecting a 22 percent over 2010 and 35 percent increase in terms of number of projects approved. The investment commitments also breached last year's 246 approved projects with a total of 332 projects registered in 2011. These projects are expected to boost employment opportunities by 67,211 jobs once operational, almost double last year's 36,751 jobs.
Philippines in the new East Asia context The World Economic Forum is undoubtedly, the most high-profile, most covered yet exclusive conference in the world – only 2,000 participants are invited to attend the annual gathering – ranging from heads of state, prime ministers, the world’s royalty from kings & queens…down to their heirs, influential politicians, nobel laureates, academicians, advocacy leaders, social entrepreneurs and not to mention, famous celebrities.
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Post by violet on Feb 17, 2012 8:14:40 GMT 10
*************************** Philippines in the new East Asia context With no representation from the Philippine government this year, the Philippines was surprisingly discussed in “The New Context in East Asia”, one of the sessions moderated by Senior Research Fellow Stephen Roach of the Jackson Institute for Global Affairs & Yale University
THE NEW EAST ASIA CONTEXT IN EAST ASIA
One of the distinguished panelists, Karim Raslan of the Global Agenda Council on South-East Asia says the Philippines will be a serious player in Asia in the next few years, “The Philippines has a new president, Noynoy Aquino. The Philippines is the next growth story in the next 10 years, you see some investors in Indonesia already leaving and moving to the Philippines”.
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Post by violet on Feb 17, 2012 8:15:17 GMT 10
Malaysia Sees Pinoy fast waking up to success - The Star Malaysia In 2010, the Philippines registered an amazing 7.6% growth rate, and growing. Natural resources ranging from gold, copper and nickel are also plentiful. Troubled Muslim-majority Mindanao is estimated to have a whopping US$1 trillion (RM3.1 trillion) worth of natural oil and gas deposits.
MALAYSIANS have looked down on the Philippines for decades, seeing the republic as South-East Asia's basket case, a source of maids, manual workers and little else. Indeed, the Philippines – for decades an international laggard – is no longer cash-strapped. For starters, individual Filipinos have become big savers and the country's reserves (US$76bil or RM238.6bil) far exceed net foreign debt: a record that would put most European nations to shame.
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Post by violet on Feb 17, 2012 8:16:22 GMT 10
The Philippines will become a major challenge to our own services economy. The republic's booming and vast domestic market will attract global MNCs desperate for growth, distracting them from smaller nations including our own. Can we fend off the competition from the new Asean giants – Indonesia and, now, the Philippines? Can we become a more efficient destination for global business as these vast nations begin to stir?
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