Philippines Asia's Strongest Performing Economy

Nov 23, 2012 Full story: Manila Bulletin 6,091

THE value of Philippine merchandise exports grew by 22.8% to $4.8 billion in September, 2012, higher than the $3.9 billion shipped out in the same month in 2011, making the country the strongest performer among Southeast and East Asian nations.

Full Story
old china

Chengdu, China

#2061 Feb 16, 2013
Don the American wrote:
<quoted text>
Please explain why this BOOMING economy with so many investors lined up are too poor to buy a military.
Because GDP isn't a currency that you can exchange for goods and services.

Since: Oct 12

Penang, Malaysia

#2062 Feb 16, 2013
Don the American wrote:
<quoted text>
Please explain why this BOOMING economy with so many investors lined up are too poor to buy a military.
Hahahah old man, we are not talking about the military here. We are talking about the economy of the Philippines. Why is it you hated that country so much? So what if their economy booms? Maybe you envy to them because US economy is drowning.
guy from the south

Indonesia

#2063 Feb 16, 2013
Austronesian Guy wrote:
<quoted text>
According to the WORLD ECONOMISTS, the world bank, and goldman sachs etc.
1. The Philippines is a RISING ASIAN TIGER - World Bank
The Philippines is the NEWEST ASIAN TIGER - Market Watch
You should also know that the Philippines is the oldest countries in ASEAN...:D
2. The Philippines is Asia's Strongest Economy - Michael Spencer, Hong Kong-based economist
But from all of the available statistics, China is still the strongest economy in Asia, not the Philippines.
3. The Philippines is now a LENDER and not a BORROWER anymore - International Monetary Fund (IMF)
How much your country lend money to the IMF or other countries in recent time? 350 Billion?, your country national GDP it's not even surpassed it.. sorry..
4. The Philippines ranks first in Business Confidence Index in Asia - REUTERS
For how many years?, Up and down is a common thing in every countries...
5. The Philippines is one of top 3 markets in 2013 -JP Morgan
three market for what?, your country's FDI isn't even surpassed 2 Billion USD in 2012 while Indonesia got 23 billion in that year, let alone China.
6. According to Goldman Sachs, the Philippine economy will become the 14th largest economy in the world, FIFTH in ASIA, and LARGEST South East Asian Economy by 2050.- Goldman Sachs
What report actually?, I've followed all economic news in recent years, but never have I come across a report that said the Philippines would be the largest economy in ASEAN. The one and only report is from HSBC, which is still questionable. Oh I found this BTW:

Goldman Sachs' top 10 for 2050 puts Mexico's GDP advance into a global perspective:(1) China's GDP,$70-trillion; (2) U.S. GDP,$38.5-trillion; (3) India,$37.6-trillion; (4) Brazil,$11.3-trillion; (5) Mexico,$9.3-trillion. The runners-up were:(6) Russia,$8.5-trillion; (7) Indonesia,$7-trillion; (8) Japan,$6.6-trillion; (9) Britain,$5.1-trillion; and (10) Germany,$5-trillion. Canada's GDP would marginally exceed Philippine GDP ($3-trillion), the report said.

sorry the Philippines not on the list
7. Philippine is #1 in Merchandise Export Growth in East Asia
export growth?, not the #1 in export volume eh?
8. The Philippines is now a NEWLY Industrialized Country like CHINA, INDIA, and Brazil. It is not a developing country anymore
hahaha, you're childish, newly industrialized status is a useless thing you know, still your country's income is still below Indonesia and other ASEAN neighbors..
9. The Philippines is one the NEXT 11 EMERGING ECONOMIES - Sachs Goldman
Even Pakistan also included in N-11, what you expect then? it's only status, right?
10. Philippines (#1), Thailand (#2) stock markets best performing in Asia - Reuters
for how many years?, all the time? do NOT kidding me ok.... thanks

sorry if my words are way too harsh, but as human beings we must remain aware of the shortcomings and our true state as a reference for future changes. That is why until now we Indonesian still make Malaysia as a comparison for us to change...

I have no intention to degrading the Philippines at all, I just wanted us together out of all this unfortunate time, and refute the world that we can too!, as a community, an ASEAN community!.
guy from the south

Indonesia

#2064 Feb 16, 2013
Austronesian Guy wrote:
<quoted text>
According to the WORLD ECONOMISTS, the world bank, and goldman sachs etc.
1. The Philippines is a RISING ASIAN TIGER - World Bank
The Philippines is the NEWEST ASIAN TIGER - Market Watch
You should also know that the Philippines is the oldest countries in ASEAN...:D
2. The Philippines is Asia's Strongest Economy - Michael Spencer, Hong Kong-based economist
But from all of the available statistics, China is still the strongest economy in Asia, not the Philippines.
3. The Philippines is now a LENDER and not a BORROWER anymore - International Monetary Fund (IMF)
How much your country lend money to the IMF or other countries in recent time? 350 Billion?, your country national GDP it's not even surpassed it.. sorry..
4. The Philippines ranks first in Business Confidence Index in Asia - REUTERS
For how many years?, Up and down is a common thing in every countries...
5. The Philippines is one of top 3 markets in 2013 -JP Morgan
three market for what?, your country's FDI isn't even surpassed 2 Billion USD in 2012 while Indonesia got 23 billion in that year, let alone China.
6. According to Goldman Sachs, the Philippine economy will become the 14th largest economy in the world, FIFTH in ASIA, and LARGEST South East Asian Economy by 2050.- Goldman Sachs
What report actually?, I've followed all economic news in recent years, but never have I come across a report that said the Philippines would be the largest economy in ASEAN. The one and only report is from HSBC, which is still questionable. Oh I found this BTW:

Goldman Sachs' top 10 for 2050 puts Mexico's GDP advance into a global perspective:(1) China's GDP,$70-trillion; (2) U.S. GDP,$38.5-trillion; (3) India,$37.6-trillion; (4) Brazil,$11.3-trillion; (5) Mexico,$9.3-trillion. The runners-up were:(6) Russia,$8.5-trillion; (7) Indonesia,$7-trillion; (8) Japan,$6.6-trillion; (9) Britain,$5.1-trillion; and (10) Germany,$5-trillion. Canada's GDP would marginally exceed Philippine GDP ($3-trillion), the report said.

sorry the Philippines not on the list
7. Philippine is #1 in Merchandise Export Growth in East Asia
export growth?, not the #1 in export volume eh?
8. The Philippines is now a NEWLY Industrialized Country like CHINA, INDIA, and Brazil. It is not a developing country anymore
hahaha, you're childish, newly industrialized status is a useless thing you know, still your country's income is still below Indonesia and other ASEAN neighbors..
9. The Philippines is one the NEXT 11 EMERGING ECONOMIES - Sachs Goldman
Even Pakistan also included in N-11, what you expect then? it's only status, right?
10. Philippines (#1), Thailand (#2) stock markets best performing in Asia - Reuters
for how many years?, all the time? do NOT kidding me ok.... thanks

sorry if my words are way too harsh, but as human beings we must remain aware of the shortcomings and our true state as a reference for future changes. That is why until now we Indonesian still make Malaysia as a comparison for us to change...

I have no intention to degrading the Philippines at all, I just wanted us together out of all this unfortunate time, and refute the world that we can too!, as a community, an ASEAN community!.
certified intelligent

Philippines

#2065 Feb 16, 2013
guy from the south wrote:
<quoted text>
You should also know that the Philippines is the oldest countries in ASEAN...:D
<quoted text>
But from all of the available statistics, China is still the strongest economy in Asia, not the Philippines.
<quoted text>
How much your country lend money to the IMF or other countries in recent time? 350 Billion?, your country national GDP it's not even surpassed it.. sorry..
<quoted text>
For how many years?, Up and down is a common thing in every countries...
<quoted text>
three market for what?, your country's FDI isn't even surpassed 2 Billion USD in 2012 while Indonesia got 23 billion in that year, let alone China.
<quoted text>
What report actually?, I've followed all economic news in recent years, but never have I come across a report that said the Philippines would be the largest economy in ASEAN. The one and only report is from HSBC, which is still questionable. Oh I found this BTW:
Goldman Sachs' top 10 for 2050 puts Mexico's GDP advance into a global perspective:(1) China's GDP,$70-trillion; (2) U.S. GDP,$38.5-trillion; (3) India,$37.6-trillion; (4) Brazil,$11.3-trillion; (5) Mexico,$9.3-trillion. The runners-up were:(6) Russia,$8.5-trillion; (7) Indonesia,$7-trillion; (8) Japan,$6.6-trillion; (9) Britain,$5.1-trillion; and (10) Germany,$5-trillion. Canada's GDP would marginally exceed Philippine GDP ($3-trillion), the report said.
sorry the Philippines not on the list
<quoted text>
export growth?, not the #1 in export volume eh?
<quoted text>
hahaha, you're childish, newly industrialized status is a useless thing you know, still your country's income is still below Indonesia and other ASEAN neighbors..
<quoted text>
Even Pakistan also included in N-11, what you expect then? it's only status, right?
<quoted text>
for how many years?, all the time? do NOT kidding me ok.... thanks
sorry if my words are way too harsh, but as human beings we must remain aware of the shortcomings and our true state as a reference for future changes. That is why until now we Indonesian still make Malaysia as a comparison for us to change...
I have no intention to degrading the Philippines at all, I just wanted us together out of all this unfortunate time, and refute the world that we can too!, as a community, an ASEAN community!.
Who cares? We don't even know that there's Indonesia an existing sovereign state. All I know for Indonesia is the most corrupt country in Southeast Asia including their stupid President.
certified intelligent

Philippines

#2066 Feb 16, 2013
guy from the south wrote:
<quoted text>
You should also know that the Philippines is the oldest countries in ASEAN...:D
<quoted text>
But from all of the available statistics, China is still the strongest economy in Asia, not the Philippines.
<quoted text>
How much your country lend money to the IMF or other countries in recent time? 350 Billion?, your country national GDP it's not even surpassed it.. sorry..
<quoted text>
For how many years?, Up and down is a common thing in every countries...
<quoted text>
three market for what?, your country's FDI isn't even surpassed 2 Billion USD in 2012 while Indonesia got 23 billion in that year, let alone China.
<quoted text>
What report actually?, I've followed all economic news in recent years, but never have I come across a report that said the Philippines would be the largest economy in ASEAN. The one and only report is from HSBC, which is still questionable. Oh I found this BTW:
Goldman Sachs' top 10 for 2050 puts Mexico's GDP advance into a global perspective:(1) China's GDP,$70-trillion; (2) U.S. GDP,$38.5-trillion; (3) India,$37.6-trillion; (4) Brazil,$11.3-trillion; (5) Mexico,$9.3-trillion. The runners-up were:(6) Russia,$8.5-trillion; (7) Indonesia,$7-trillion; (8) Japan,$6.6-trillion; (9) Britain,$5.1-trillion; and (10) Germany,$5-trillion. Canada's GDP would marginally exceed Philippine GDP ($3-trillion), the report said.
sorry the Philippines not on the list
<quoted text>
export growth?, not the #1 in export volume eh?
<quoted text>
hahaha, you're childish, newly industrialized status is a useless thing you know, still your country's income is still below Indonesia and other ASEAN neighbors..
<quoted text>
Even Pakistan also included in N-11, what you expect then? it's only status, right?
<quoted text>
for how many years?, all the time? do NOT kidding me ok.... thanks
sorry if my words are way too harsh, but as human beings we must remain aware of the shortcomings and our true state as a reference for future changes. That is why until now we Indonesian still make Malaysia as a comparison for us to change...
I have no intention to degrading the Philippines at all, I just wanted us together out of all this unfortunate time, and refute the world that we can too!, as a community, an ASEAN community!.
As a community? LOL, you are trying to boast your corrupt country. We don't need your opinion Indonesian. I'm just surprised that there's Indonesia an existing sovereign state in this world. Yeah, if you're thinking that your corrupt country is rich, well go on because that's your right anyway. As I know, Indonesia still on a struggle to fight against corruption especially their police. Why? because Indonesian police has a low salary?

Since: Oct 12

Penang, Malaysia

#2067 Feb 16, 2013
certified intelligent wrote:
<quoted text>
As a community? LOL, you are trying to boast your corrupt country. We don't need your opinion Indonesian. I'm just surprised that there's Indonesia an existing sovereign state in this world. Yeah, if you're thinking that your corrupt country is rich, well go on because that's your right anyway. As I know, Indonesia still on a struggle to fight against corruption especially their police. Why? because Indonesian police has a low salary?
nice one bro! don't take it seriously bro. indon is just an ordinary people with no knowledge and power. we don't need that guy anyway, he's just a poor guy asking for attention because nobody talks and praise their country INDOGNESIA. Philippines is a trending country for business. So, we are expecting your country to be line with malaysia. Go Go Philippines, greetings from Malaysia.
Best view

Bedford, UK

#2068 Feb 16, 2013
Lets hope the Philippines continues to improve financially then all the OFW's will go home as they will not be able to send enough money home with the strong peso LOL!!

Since: Oct 12

Penang, Malaysia

#2069 Feb 16, 2013
Best view wrote:
Lets hope the Philippines continues to improve financially then all the OFW's will go home as they will not be able to send enough money home with the strong peso LOL!!
Agree to that bro, but believe it or not if your remember the 1998 East Asian Financial Crisis and the 2009 Financial Crisis? Philippine economy was not so affected in the two crisis compared to Thailand, my country Malaysia and Indonesia. It was only Indonesia always got badly hit in the two crisis and this is true and you can search it in the net. wakakakakkk! Anyway, let's go back. The reason why Philippine economy was able to survive the crisis because of the remittances coming from the overseas workers.

That's why I would agree that Philippine economy is one of the strongest and stable economy in Asia. I rarely considered Philippine economy as the strongest in Asia. The Philippine economy is the 2nd strongest.
guy from the south

Indonesia

#2070 Feb 16, 2013
just be careful with provocator here, like a Malaysian forumer above... thanks...

If your country grew by 7% in 2012 that doesn't mean your country automatically can beat Chinese Economy in asia in a short of time. We should face the reality, the real state and facts of our country capabilities, only by then we can plan for the future changes.
guy from the south

Indonesia

#2071 Feb 16, 2013
Even Chinese which is bigger than all of ASEAN countries combined need hundred of years to beat USA... but they are still under process till now.... let alone the Philippines or Indonesia which is not even a half of their size!...
lol

San Francisco, CA

#2072 Feb 16, 2013
Remittances hit all-time high in 2012
Monthly record $1.98B in December brought total inflows to $21.39B
By Michelle V. Remo
Philippine Daily Inquirer
11:01 pm | Friday, February 15th, 2013
5 59 43

Remittances breached projections and hit an all-time high in 2012 as global demand for Filipino workers remained robust despite the general weakness in the global economy.

Since: Oct 12

Penang, Malaysia

#2073 Feb 16, 2013
guy from the south wrote:
just be careful with provocator here, like a Malaysian forumer above... thanks...
If your country grew by 7% in 2012 that doesn't mean your country automatically can beat Chinese Economy in asia in a short of time. We should face the reality, the real state and facts of our country capabilities, only by then we can plan for the future changes.
Me? A provocateur? Have you completely lost your mind Indon? Or you said that because you are afraid that anybody here will know what kind of country is Indonesia? Well, I'll give you a chance and I'll keep it as a secret. But, I said it already about Indonesia. Anyway, they know only that Indonesia is the worst country in corruption no other else. hahahahaha
Martin

Lane Cove, Australia

#2074 Feb 16, 2013
great indog wrote:
<quoted text>
Agree to that bro, but believe it or not if your remember the 1998 East Asian Financial Crisis and the 2009 Financial Crisis? Philippine economy was not so affected in the two crisis compared to Thailand, my country Malaysia and Indonesia. It was only Indonesia always got badly hit in the two crisis and this is true and you can search it in the net. wakakakakkk! Anyway, let's go back. The reason why Philippine economy was able to survive the crisis because of the remittances coming from the overseas workers.
That's why I would agree that Philippine economy is one of the strongest and stable economy in Asia. I rarely considered Philippine economy as the strongest in Asia. The Philippine economy is the 2nd strongest.
So you are working as a maid in Penang and help to boast the coffer of Philippine. Good for you and Philippine .
RESISTANCE IS FUTILE

Richmond, Canada

#2075 Feb 16, 2013
Austronesian Guy wrote:
<quoted text>
Really lol i dont believe you lol
you are a WU MAO
and you've NEVER BEEN to the Philippines...
what a liar lol...this 50 cent per post wu mao hahahaha
The Philippines is BOOMING... you are right
a lot of INVESTORS like a lot a lot are lining up to RIDE with the Philippines Economy.
I was in in the Philippines

and inside many young Filipinas

AHAHAHAHA
amc

San Juan, Philippines

#2076 Feb 16, 2013
RESISTANCE IS FUTILE wrote:
<quoted text>
I was in in the Philippines
and inside many young Filipinas
AHAHAHAHA
as were hundreds before you. still bragging?
crystal

Burnaby, Canada

#2077 Feb 17, 2013
Report: Iran confiscates Buddha statues to stop promotion of Buddhism

Published February 17, 2013

Associated Press

EHRAN, Iran – An Iranian newspaper is reporting that government authorities are confiscating Buddha statues from shops in Tehran to stop the promotion of Buddhism in the country.

Sunday's report by the independent Arman daily quotes Saeed Jaberi Ansari, an official for the protection of Iran's cultural heritage, as saying that authorities will not permit a specific belief to be promoted through such statues.

Ansari called the Buddha statues symbols of "cultural invasion."

He did not elaborate on how many have been confiscated so far, but said more would be seized from shops.

Iran has long fought against items, such as Barbie dolls and Simpsons cartoon characters, to defuse Western influence, but this appears to be the first time that Iranian authorities are showing an opposition to symbols from the East.

Read more: http://www.foxnews.com/world/2013/02/17/repor...

Since: Feb 13

Location hidden

#2079 Feb 17, 2013
how this system works?

In this first example let us assume that an investor by the name of Steve White makes $1,000 deposit, that he does not compound the earnings and that he always reinvests principal. Then, after the first 25 business days (one quarter of the full investment term) the 1/4th of Steve's deposit ($250) will be placed to his account balance by our system. Assuming that Steve is willing to maintain his deposit level, he will simply reinvest the released portion on same day and thus establish new deposit of $250, while total invested amount on the account will remain at $1,000 level. The same process of partial release of principal will repeat every 25 business days again and again, each time presenting Steve with the choice to withdraw or re-invest. Since every re-investment that Steve makes creates brand new deposit of its own and with its own terms, he will maintain his investment level at $1,000 indefinitely.

In the second example, let us assume that Susan Kathleen is willing to make $1, 000 investment, but she has no plans on reinvesting and she will not compound her earnings. Then after the first 25 days, Susan, just as Steve in the example above, will receive $250 on her account released (1/4th of $1,000). After withdrawing this amount, her principal will stand at $750 and she will continue receiving earnings on this amount for the next 25 business days. Then (after the total of 50 business days), Susan will receive $187.5 released to her account balance, which is the 1/4th of her current principal amount of $750, leaving $562.50 in active investment for the next 25 business days cycle. Accordingly, after 75 business days, the released portion of Susan's current principal will be $140.62 (1/4th of $562.50), leaving her $421.87 in active investment to generate daily profits, for the remaining 25 business days cycle. After 100 business days in total elapsed time into investment term, Susan's investment will mature and her remaining principal of $421.87, will be released for her in full, available for withdrawal.
lol

San Francisco, CA

#2080 Feb 17, 2013
"Given the sad state of the country’s military and police forces in terms of equipment and weaponry, the average man on the street can probably be forgiven for not knowing that world-class small arms manufacturer actually exists in the Philippines.

But “world class” is exactly what the country has in the form of the Arms Corporation of the Philippines, or more popularly known among gun enthusiasts around the globe as “Armscor.”

Source: Phil Inquirer News
lol

San Francisco, CA

#2081 Feb 17, 2013
‘40 under 40’ Filipino leaders to be cited
By Tarra Quismundo
Philippine Daily Inquirer
2:03 am | Sunday, February 17th, 2013
19 141 117

From a Cabinet member and a senatorial candidate to advocates for the environment and an actor-philanthropist, 40 young Filipinos are joining the ranks of the world’s emerging development leaders who are not quite 40 years old.

Thirty-six Filipinos and four Manila-based foreign development workers under the age of 40 will be recognized as the Philippines becomes the first emerging country to host “40 Under 40,” which is sponsored by the US-based Development Executive Group (Devex) which styles itself as “the Bloomberg of the development community.”

“40 Under 40,” which was held in Washington, DC, in 2010 and in London in 2011, brings together top young leaders in key cities with thriving multisectoral communities involved in various causes.

“The Philippines is home to an extremely dynamic and vibrant international development community driving change both at home and abroad,” said Pete Troilo, director of Devex’s Manila office, the organization’s operations hub.

“The young and committed development talent here deserve this recognition. We couldn’t be more proud to have selected the Philippines as the first emerging country to host this event,” said Troilo in a statement.

To be recognized during the “Manila 40 Under 40” awards night on Tuesday are a mix of young professionals in government, international aid agencies, media, civil society and nongovernment sector selected from some 250 nominations (full list here: manila40.devex.com ).

“They join the distinguished ranks of past Devex 40 Under 40 winners such as US Agency for International Development Administrator Rajiv Shah, Cherie Blair Foundation for Women CEO Henriette Kolb, Google’s Jared Cohen and Obama administration senior foreign policy adviser Samantha Power,” said a Devex statement.

Filipino awardees include Technical Education and Skills Development Authority Director General Joel Villanueva, Julia Abad of the Presidential Management Staff, Valenzuela Mayor Sherwin Gatchalian, Sarangani Gov. Miguel Rene Dominguez and senatorial candidate Paolo Benigno “Bam” Aquino IV.

Others to be cited from NGO and civil society movements include Anna Oposa, founder of the Save Philippine Seas Foundation; Kaya Natin! Movement for Good Governance convener Harvey Keh and actor Dingdong Dantes, founder of the education NGO YesPinoy Foundation.

Filipino leaders of international aid organizations chosen were Jimmy Loro, lead expert at the German Agency for International Cooperation (GIZ), and Dulce Marie Saret, communications specialist at the Australian Agency for International Development.

Journalists Kara David of GMA 7 and Patricia Evangelista of ABS-CBN News are also among the awardees.

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