China on the rise!

[kinyo]

maganda ba pasweldo sa ofw sa china?

[confused shoes]

One good thing about skilled OFWs in China is that they are handling key positions.

A fresh graduate Chinese engineer in Shenzhen will ask as much as Php25K in peso equivalent. Those who have at least 3 years experience will ask as much as Php50K in peso equivalent and they can't even match the ability of an OFW with the same length of working experience. The OFW then should be receiving at least 3x of the Chinese counterpart. Just what I think.

Chinese labor cost is no longer cheap.

[pop3corn]

One good thing about skilled OFWs in China is that they are handling key positions.

A fresh graduate Chinese engineer in Shenzhen will ask as much as Php25K in peso equivalent. Those who have at least 3 years experience will ask as much as Php50K in peso equivalent and they can't even match the ability of an OFW with the same length of working experience. The OFW then should be receiving at least 3x of the Chinese counterpart. Just what I think.

Chinese labor cost is no longer cheap.

and that is where it will start to downfall. China is a very big country, yan sobrang bilis nila sa progress also means sobrang bilis ang inflation - goods, labor, services. eh kaya lang 2 billion kaya ang China, if inflation overtakes the population still in poverty, yan ang movies ko ngaun kaya mino-monitor ko yan eh.

and that is why I believe Philippines can beat China. unang-una we're all Roman Catholic. Religion + progress = recipe for true unity.

[isa1023]

and that is why I believe Philippines can beat China. unang-una we're all Roman Catholic. Religion + progress = recipe for true unity.

I think that very Spanish Roman Catholic religion is one big factor that pulls us down. Think anti-RH Bill, pro-poor agendas.

Instead of teaching progressive culture (like work your ass out and be accountable of your own life), they teach us fate and faith and being too dependent to heaven and heaven alone. Kaya si Juan Dela Cruz tanggap ng mahirap lang sila dahil yun ang will ng langit para sa kanila.

Plus the stupid media.

Look at how Singapore practices media censorship. What the international community hears is all good news. Like SG is a great, peaceful, progressive country so lets do business there.

[Syuryuken]

Sana magtuloy-tuloy na ang magandang ekonomiya ng Pilipinas. Marami lang kasing reklamador dito pero sila naman ang hindi nagbabayad ng tax.

PH STRONGEST ECONOMY IN ASIA – DEUTSCHE ANALYST


Published on 15 August 2012

THE Philippines has become the strongest economy in Asia, outclassing so-called tiger economies like Malaysia and Singapore, according to renowned Deutsche Bank AG chief economist for Asia Michael Spencer.


In an interview with Bloomberg, Spencer cited the Philippines’ resiliency despite the global economic crisis that shook countries in Europe and the United States.

“The strongest-performing economy in the Asia today is the Philippines. What’s driving growth [in the Philippines] today are exports, surprisingly enough for them,” Spencer said.

He cited the country’s improved exports even in a weak global environment and its rebound from the sluggish 3.7 growth in 2011.

The Philippine economy grew by 6.4 percent in the first half of 2012, the fastest in the region excluding China. Spencer said that this serves as a strong proof that the economy can achieve stronger growth while keeping balance sheets healthy.

This made the Philippines the second fastest-growing Asian economy, topped only by China at 8.1 percent.

Based on the National Statistics Office (NSO) data, total exports reach $26.8 billion in the first half, up 7.68 percent from $24.8 billion in the same period in 2011.

The country’s export performance has been insulated from weak external demand, particularly from US and Europe, by increasing outbound shipments to Japan, Spencer said.

“I suspect that this has something to do with Japan outsourcing to the Philippines after the earthquake,” Spencer added.

Outbound shipments to Japan also grew by 11 percent to $4.77 billion in the first half from $4.29 billion a year ago.

Japan thus remained the Philippines’ top market during the period, accounting for 17.8 percent of total exports.

Last year, the Philippines exported $8.86 billion worth of products to Japan, or 18.5 percent of its total exports.

It was followed by the US, with a 14.8 percent share; China, 12.7 percent; Hong Kong, 7.71 percent; and Singapore, 8.92 percent.

Finance Secretary Cesar Purisima was elated by Spencer’s report and reiterated the Aquino administration’s firm commitment in meeting its 5 percent to 6 percent growth goal while making sure that the targeted deficit-to-GDP ratio of 2.6 percent will also be achieved.

In May, the Philippines got another boost in its credit-worthiness when Moody’s Investors Service revised its outlook on the country’s rating from “stable” to “positive,” indicating likelihood of a ratings upgrade within the short term.

Moody’s cited the Philippine government’s declining debt burden, improving revenue collection, and comfortable level of foreign-currency liquidity in its decision.

Moody’s said that favorable macro-economic indicators would help increase investments, which would accelerate the overall growth of the economy.

From over 80 percent of GDP in the early 2000s, the government’s debt now is equivalent to just about 55 of GDP.

Moreover, the country’s gross international reserves reached $76.5 billion as of end-March, which was equivalent to over 11 months’ worth of the country’s imports.

Also recently, renowned credit rating analyst Standard and Poor (S&P) upgraded the Philippines’ sovereign foreign currency rating from BB to BB+, commending the country’s increasing fiscal flexibility, improving debt profile of the government and moderating interest burden.

Another credit analyst, The Fitch Group, also gave the country a “stable” outlook, a notch below investment grade status.

[Monseratto]

and that is why I believe Philippines can beat China. unang-una we're all Roman Catholic. Religion + progress = recipe for true unity.

Don't waste your great imagination na papantay tayo sa isang superpower, OB. Maybe in another dimension, pwede pa.

Huwag mo ng panaginipan iyan, isipin mo na lang muna yung mga kapitbahay ka-league natin.

And to think Singapore, Malaysia, Indonesia and Thailand are already sprinting ahead of the Philippines decades ago in terms of economic growth and tourist arrivals...and they aren't even supreme Roman Catholic countries.

Tayo naman hiniintay pa rin yun biyaya na huhulog ng langit.

[isa1023]

Yes.

Buddhist Singapore/Thailand, Muslim Malaysia and mixed-religion Indonesia. We're not even talking about the tiger economies and Japan (mostly Buddhist).

Now look at Catholic Philippines and East Timor.

Religion may be a part of economic development because it influences culture. And culture drives development.

Madami pang factors like education, history and international relations.

[confused shoes]

Don't waste your great imagination na papantay tayo sa isang superpower, OB. Maybe in another dimension, pwede pa.

Huwag mo ng panaginipan iyan, isipin mo na lang muna yung mga kapitbahay ka-league natin.

And to think Singapore, Malaysia, Indonesia and Thailand are already sprinting ahead of the Philippines decades ago in terms of economic growth and tourist arrivals...and they aren't even supreme Roman Catholic countries.

Tayo naman hiniintay pa rin yun biyaya na huhulog ng langit.

If all Filipinos think like you, there's no way the Philippines will rise.

[roninblade]

If all Filipinos think like you, there's no way the Philippines will rise.

i think you misunderstood the post. he's just arguing against OBs ridiculous post na because the country is predominantly Roman Catholic eh sure na uunlad tayo. that's just idiotic.

we need faith in the background (not totally out of the picture) with dedication, discipline, and hard work in the foreground.

[Monseratto]

If all Filipinos think like you, there's no way the Philippines will rise.

Don't you think they do? Hinihintay tumama ng Lotto... Hopefully di lahat.

[confused shoes]

Early Chinese don't even think that the earth is not flat not until the arrival of the Jesuits in the 17th century. They are now heading to the moon.

[timrev]

sana yun mga mahihirap dito sa pinas magisip katulad ng mga modern japanese ngayon na maunlad...nakakaasar yun mga nakatira sa slum area sabi nila yun na daw kapalaran nila and thats b*llsh*t!

[CoDer]

Kakatawa naman tong thread na to, biglang may nanisi na sa religion. Mga Pari ba ang nag papatakbo sa pinas?

China seem to have the right ingredients today. Communist Capitalism and their own local huge market.

[pop3corn]

Don't waste your great imagination na papantay tayo sa isang superpower, OB. Maybe in another dimension, pwede pa.

Huwag mo ng panaginipan iyan, isipin mo na lang muna yung mga kapitbahay ka-league natin.

And to think Singapore, Malaysia, Indonesia and Thailand are already sprinting ahead of the Philippines decades ago in terms of economic growth and tourist arrivals...and they aren't even supreme Roman Catholic countries.

Tayo naman hiniintay pa rin yun biyaya na huhulog ng langit.

china was beaten by Japan by a surgical army in World War II, ni hindi pa nga start ng World War II. eh buddhist religion lang yun, somewhat inferior to Christianity.

you know why the US is always unbeatable. the cold war, the asian wars, the middle eastern wars. bec. they are Christians.


walang papatutunguhan ang atheistic govt, it's only effective as long as the system is effective. if the system collapses, and the people are confused. they have nothing to turn to but spirituality to regroup and to reunite. eh ang problema wala nga eh, so hayun kita mo, nun SARS, nun Asian Financial Crisis, pakamatay na lang ang solusyon ng mga Intsik.

eh tayo mga Filipino, inabot na natin lahat coup, bagyo, lindol and even flight of investors noon araw, but we remained intact bec. of our religion, our Christianity, and even our Catholicism bec. the Pope is there to always to inspire.

Imagine, inspirational words from the Pope cured kagad tayo. sobrang tipid nga eh. eh sa mga bansa mukang pera, pera lang pantapal sa kanila para bumalik ang confidence nila, eh pano nga kung walang pera to begin with.

ano akala ng china, tutulungan sila ng buong mundo if they collapse. eh sa nakikita ko may impending collapse sila eh, they're too big. sa kanila lang applicable yun too big but will fail unlike certain fortune 500 companies of the US. why bec. nobody in the world really likes the Chinese to begin with.

ang silbi lang ng Chinese are cheap goods and fake goods. the world is not ready for Chinese sounding expensive bags and perfumes like in Europe, or chinese-sounding sports cars/muscle cars. the white caucasian race will never buy a quality and expensive Made in China product, it is beneath them.

but sadly, since China is progressing and entering the inflationary ages, magmamahal ang produkto nila and paktay sila. Japan survived the bubble eh, kasi nga manageable ang size ng Japan.

---

Yung Russia nga eh, nun nag-collapse ang berlin wall, and they became democratic, akala nyo ok na. they experienced the 10 year Russian Financial Crisis, nobody helped them coz still the stigma of communism na they were once were, only made other countries ignore them.

kung sa Russia nangyari, sa china pa kaya. Russia can't even cry to the world, Hey we're Christians too (they are predominantly Eastern Orthodox Christians), help us! hindi eh, bec. the US and the Vatican knew that the Eastern Orthodox Churches were infiltrated by former KGB agents to spy on the West.

eh sa China, ano ang pang-ask nila ng tulong? walang religion, no democracy, hoarder ng pera. nothing in common for all of us.

[isa1023]

you know why the US is always unbeatable. the cold war, the asian wars, the middle eastern wars. bec. they are Christians.

I think sir it's because of the Jews, who don't even believe in Christ as the son of God. Although despite their unbelief, they're still the "chosen people" kaya nasa kanila lahat ng pabor. Napaka-swerteng mga tao.

Look at Israel. Dami kaaway sa East/Middle East Asia pero hindi sila matalo-talo kahit maliit lang sila. I think it's one reason kung bakit sila pino-protektahan ng Amerika.

But this is way too off topic.

[Monseratto]

buddhist religion lang yun, somewhat inferior to Christianity.

Nakow sir, isang dahilan kaya magulo ang mundo. Religious intolerrance. Yet Buddhist Thailand is wooing more investors and tourists than Roman Catholic Philippines...I wonder why?

you know why the US is always unbeatable. the cold war, the asian wars, the middle eastern wars. bec. they are Christians.

Ano tawag mo sa Vietnam war? Eh sa Somalia nga, suko agad.

walang papatutunguhan ang atheistic govt, it's only effective as long as the system is effective. if the system collapses, and the people are confused. they have nothing to turn to but spirituality to regroup and to reunite. eh ang problema wala nga eh, so hayun kita mo, nun SARS, nun Asian Financial Crisis, pakamatay na lang ang solusyon ng mga Intsik.

Hello, China has been in existance even before Christianity has flourished in Europe. Anong tingin mo sa Great Wall?

eh tayo mga Filipino, inabot na natin lahat coup, bagyo, lindol and even flight of investors noon araw, but we remained intact bec. of our religion, our Christianity, and even our Catholicism bec. the Pope is there to always to inspire.

And yet the world still calls us the sick man of Asia. 60% of the population living in poverty. And when has Pope Benedict ever officially visited the Philippines as Pope?

ano akala ng china, tutulungan sila ng buong mundo if they collapse. eh sa nakikita ko may impending collapse sila eh, they're too big. sa kanila lang applicable yun too big but will fail unlike certain fortune 500 companies of the US. why bec. nobody in the world really likes the Chinese to begin with.

Beside being the biggest customer outside the US for companies like Boeing and GM, China holds the US by the balls, being the biggest holder of US debt in treasury bonds. Europe had to send a high level delegation to beg from China. The US and Europe needs someone to borrow money from.



---

Yung Russia nga eh, nun nag-collapse ang berlin wall, and they became democratic, akala nyo ok na. they experienced the 10 year Russian Financial Crisis, nobody helped them coz still the stigma of communism na they were once were, only made other countries ignore them.

US and Europe through the IMF lent billions of dollars to stabilize the Russian economy.

kung sa Russia nangyari, sa china pa kaya. Russia can't even cry to the world, Hey we're Christians too (they are predominantly Eastern Orthodox Christians), help us! hindi eh, bec. the US and the Vatican knew that the Eastern Orthodox Churches were infiltrated by former KGB agents to spy on the West.

Hanga talaga sa conspiracy imagination mo OB, yet GOD gave the Russians oild field which is powering their economy...

eh sa China, ano ang pang-ask nila ng tulong? walang religion, no democracy, hoarder ng pera. nothing in common for all of us.

Kaya yung mga tsinoys #1 ngayon sa pinas dahil nag hoard ng pera...

Basta OB, don't take these criticism seriously because nobody takes your comments seriously either.

[Monseratto]

List of World’s Largest Creditor and Debtor Nations

2010 Country NIIP (Net International Investment Position) statistics by the IMF. NIIP is defined by a country’s total domestically owned assets minus its foreign owned assets. All figures have been adjusted to nominal US dollars.

[Monseratto]

We're Roman Catholic country and we're gonna beat China...

and that is why I believe Philippines can beat China. unang-una we're all Roman Catholic. Religion + progress = recipe for true unity.