Some Good News...

[mazdamazda]

I would not rather comment more on this for this is not the proper forum. nwei, my point is just like this, how can you explain that to people when they dont feel the difference between a 2 digit export to a low export.for sure the business world will enjoy that scenario.Thanks for the input.

In simple terms... good business environment = more employment = more revenues = new investments = etc.

You aren't suppose to "feel" the difference between low & double digit export growth. That's why we have statistics & numbers to quantify these things. People always complain that they are poor and so on while clutching to the newest Nokia mobile phone that they just bought. :bwahaha:

BTTT

In a recent survey of Reader's Digest, St. Luke's was considered the best hospital in the South East Asia region - besting other hospitals from Singapore, Thailand, etc.

[CVT]

And arguably,- we need to have lower rate of population growth...

2701:bye:

[mazdamazda]

We also recorded an 8.8% increase of foreign tourists for the 1Q of 2007 (as compared to last year).

:2thumbsup:

[Camgen6]

The Philippine Peso is at its strongest since early 2001, sorry kung may nag post na nito, di ko na kasi binasa lahat ng reply, nagagalit na si Mrs. too much spending time sa tsikot daw, hehehe.

[maverickjazzy]

I would not rather comment more on this for this is not the proper forum. nwei, my point is just like this, how can you explain that to people when they dont feel the difference between a 2 digit export to a low export.for sure the business world will enjoy that scenario.Thanks for the input.

no offense to you brod and i understand what you're saying but as mazdamazda said you are not supposed to feel a difference between a single digit and a double digit growth in exports nor it would have a great impact on your personal finances or it would have a sizable effect on the prices of commodities, these are governed by the law of supply and demand. i would not elaborate much because economics is a pretty boring subject.

what we're saying is that basically a strong exports would result to more income for companies. and more income for companies means more money to invest and for capital expenditures. which means more investments (either re-investments or new investments) would result to more jobs. if you are currently employed you would not feel much effect, but for those people who are unemployed and were suddenly hired by these companies due to expansion or new investments, it would be a great thing for them!

[jonski]

Kakalungkot kasi hindi mo ito mapapanood sa TV kasi mas gusto ng media negative news. kawawa naman.

[greenlyt]

Kakalungkot kasi hindi mo ito mapapanood sa TV kasi mas gusto ng media negative news. kawawa naman.

exactly coz it wont sell.... ang mabenta kasi are violence, dirty politics.. would you believe break-ups
i always check this thread kasi i find reasons to stay here ..... believe that Philippines still has a chance

[VtEC]

We also recorded an 8.8% increase of foreign tourists for the 1Q of 2007 (as compared to last year).

:2thumbsup:

That's the good news i longed to hear bro..

[mazdamazda]

The Philippines has a BOP surplus of around $1.7 billion despite the prepayments of loans by the BSP. To note, foreign debt is slightly down by about 1.5%.

:2thumbsup:

[lightning099]

Extracted from Pattaya Today...
http://www.pattayatoday.net/index.ph...e=news&id=2306

Thailand v Philippines
14. May 2007, 22:08
by Peter Lloyd

I am sitting in Liverpool in the UK writing this, having been travelling almost non-stop for the whole of April and all of May so far. I am almost over the shock of having bought the world’s most expensive kebab in a wealthy area of London at a posh kebab shop (which sounds like an oxymoron to me). The price – EIGHT HUNDRED AND FIFTY BAHT (12.50 GBP!)

Since my last column I have been to the Philippines, France, Italy, Dubai, the island of Zanzibar, off the coast of East Africa, where I was able to swim with (and photograph – see pic) a pod of wild dolphins, which was a superb experience, and I’m finally now back in the UK. I was impressed by my time in the Philippines, which, after the recent travails of Thailand actually appears to be an increasingly attractive alternative destination in which to live and invest, if you select your destination carefully. No sooner had I decided to write about it, than a big article appeared in the Wall Street Journal echoing my own increasingly favourable impressions of the Philippines from this trip. It gave the recent example of Texas Instruments building a second, 1 billion US$ assembly plant there, in preference to China which has seen land prices, rents and salaries soar on the east coast, and because they don’t want to put all their eggs in the China basket.

They were also swayed by the prevalence of a highly educated and fluent English-speaking population, which is why Vietnam didn’t get it. The same considerations are moving Intel towards locating a 2.5 billion US$ plant in the Philippines, where new tax legislation and greater investment brought about by a stabilizing political and economic landscape have breathed new life into the wider economy and boosted annual GDP figures which in turn attract even more investment though favourable publicity. I don’t think Thailand was ever in the running, but it goes to show what factors influence business decisions in the region. I spent a few days in Subic Bay, scuba diving on World War 2 shipwrecks, and I had a great time there. I also looked at the strong, well-run local economy and liked what I saw. Subic used to be a big US navy base, and is now a Freeport and a preferential economic zone which is attracting increasing business, and is expanding fast, with ongoing land reclamation projects and companies queuing up to build factories there.

At first I was bemused about Thailand’s recent decision to pay a massive amount of money to a PR firm in the USA, to counter Thailand’s recent, bad international publicity. The move once again suggested a petulant desire to catch up with Thaksin, who had previously and successfully instructed a PR firm of his own, which he has just sacked. But I now think Thailand needs to do everything it can to improve its international image, and fast. Whilst I was in Africa and the Philippines, and also now I am back in the UK, I have spoken to many people about Thailand, and everyone who asks me about Thailand usually starts with a negative comment about its visa tightening (see later) or about the increasingly poor business outlook for the country, or the military government, or the well-publicised disastrous recent capital controls and tightening up of the foreign ownership of businesses. It’s always a negative observation, never something positive. But not only is it individuals who hold these views. I have read numerous reports recently of multinationals shifting large investments away from Thailand, wary of inept economic mismanagement and military rule, the ongoing political turmoil, and amid concerns over when the next election will be held, and of falling tourist numbers, particularly from Asian (mostly Japanese and Korean) tourists, worried about personal security. All statistics detailing last year’s final quarter and this year’s first quarter foreign direct investment figures show dramatically weakened investment. Many companies are now looking to Asian neighbours – Malaysia and Vietnam in particular, but increasingly the Philippines, as alternative investment destinations. Unfortunately you don’t need to be a psychic to see the possibility of more pain still to come in the Thai economy as interest rates rise and the real estate market takes a further beating both domestically and from international investors and retirees. But out of real estate doom and gloom usually come buying opportunities, and I think towards the end of the year we will see some very interesting investment opportunities as developers and sellers cut prices to shift stock. Already the incentives offered by developers to real estate agents and to buyers are growing in attractiveness, and maybe this will ironically become the jump start the country needs – a plentiful, cheap supply of quality real estate just waiting to be bought at rock bottom prices.