Philippines Asia's Strongest Performing Economy

Nov 23, 2012 | Posted by: roboblogger | Full story: Manila Bulletin

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.

Comments
2,981 - 3,000 of 6,093 Comments Last updated Feb 20, 2014
xyz

London, UK

#3260 Mar 25, 2013
Bakulaw wrote:
PH seen still lagging behind peers
Country may even be overtaken by newer Asean members, report says
By Ronnel W. Domingo 7:30 pm | Sunday, March 24th, 2013
The Philippines is lagging behind most of the other founding members of the Association of Southeast Asian Nations in many economic and development indicators and, without sufficient improvement, it may be overtaken by the newer, less developed neighbors.
The newer members of the Asean, which was formed in 1967, are Cambodia, Laos, Myanmar and Vietnam—all of which signed up in the 1990s.
Kensuke Tanaka, head of the Asia desk of the OECD think tank, said that among the five founders, the Philippines ranked fourth in terms of labor productivity.
The OECD-DC’s “Southeast Asian Economic Outlook 2013” report showed that a Filipino worker accounted for $10,000 worth of products valued in 2009 prices. This is barely above Indonesia’s level and below the Asean average.
Tanaka also noted that poverty incidence in the Philippines was the highest among the five with almost a quarter of the population living below the poverty threshold.
Further, Tanaka cited the World Bank’s latest Doing Business report which showed the Philippines ranking 136th in the world in terms of ease in doing business. This is the lowest among Asean founding members and just two notches from Cambodia’s 138th.
Also, according to the Asean Secretariat’s Asean Integration Monitoring Office, the Philippines has the lowest gross domestic product per capita among the six oldest Asean members, including Brunei. Each Filipino accounts for $2,300 a year, which is less than a quarter of the world average of $10,000.
Now thats reality,

and I bet you will get flamed for posting that, lol

Since: Apr 09

San Pedro, Philippines

#3261 Mar 25, 2013
xyz wrote:
<quoted text>
Now thats reality,
and I bet you will get flamed for posting that, lol
LOL!!! Tell the truth and get crucified. Maybe that's why Holy Week is such a big deal!!!!

“China, follow Internat'l Law!”

Since: Jun 12

United States of America

#3262 Mar 25, 2013
Bakulaw wrote:
PH seen still lagging behind peers
Country may even be overtaken by newer Asean members, report says
By Ronnel W. Domingo 7:30 pm | Sunday, March 24th, 2013
The Philippines is lagging behind most of the other founding members of the Association of Southeast Asian Nations in many economic and development indicators and, without sufficient improvement, it may be overtaken by the newer, less developed neighbors.
The newer members of the Asean, which was formed in 1967, are Cambodia, Laos, Myanmar and Vietnam—all of which signed up in the 1990s.
Kensuke Tanaka, head of the Asia desk of the OECD think tank, said that among the five founders, the Philippines ranked fourth in terms of labor productivity.
The OECD-DC’s “Southeast Asian Economic Outlook 2013” report showed that a Filipino worker accounted for $10,000 worth of products valued in 2009 prices. This is barely above Indonesia’s level and below the Asean average.
Tanaka also noted that poverty incidence in the Philippines was the highest among the five with almost a quarter of the population living below the poverty threshold.
Further, Tanaka cited the World Bank’s latest Doing Business report which showed the Philippines ranking 136th in the world in terms of ease in doing business. This is the lowest among Asean founding members and just two notches from Cambodia’s 138th.
Also, according to the Asean Secretariat’s Asean Integration Monitoring Office, the Philippines has the lowest gross domestic product per capita among the six oldest Asean members, including Brunei. Each Filipino accounts for $2,300 a year, which is less than a quarter of the world average of $10,000.
It's official: Philippine economy outpaced growth of Southeast Asian neighbors in 2012

The Philippine economy in 2012 outpaced the growth of neighbors in Southeast Asia, the National Economic and Development Authority (NEDA) said on Monday.

In a statement, NEDA Director-General and Socioeconomic Planning Secretary Arsenio Balisacan said the country's economic growth of 6.6 percent last year was higher than that of Thailand (6.4 percent), Indonesia (6.2 percent), Malaysia (5.6 percent) Vietnam (5 percent), and Singapore (1.2 percent).

http://www.interaksyon.com/business/55833/its...

“China, follow Internat'l Law!”

Since: Jun 12

United States of America

#3263 Mar 25, 2013
Don the American wrote:
<quoted text>
LOL!!! Tell the truth and get crucified. Maybe that's why Holy Week is such a big deal!!!!
Philippine Stocks to Overtake Economy This Year: Southeast Asia

http://www.google.com/#q=philippine+economy&a...

“China, follow Internat'l Law!”

Since: Jun 12

United States of America

#3264 Mar 25, 2013
xyz wrote:
<quoted text>
Now thats reality,
and I bet you will get flamed for posting that, lol
British bank says PHL economy will outperm most of Asia in 2013

http://goodnewspilipinas.com/2013/03/15/briti...

British bank Standard Chartered expects the Philippines to outperform most other nations in Asia and enjoy another year of strong economic growth.

“The Philippines stands out within the region for its bullish on-the-ground sentiment, whereas we are cautious on momentum in Thailand as the post-flood stimulus wears off. In Korea, we expect a large supplementary budget to stimulate growth as the housing market continues to weaken,” the report said.

“China, follow Internat'l Law!”

Since: Jun 12

United States of America

#3265 Mar 25, 2013
Bakulaw wrote:
PH seen still lagging behind peers
Country may even be overtaken by newer Asean members, report says
By Ronnel W. Domingo 7:30 pm | Sunday, March 24th, 2013
The Philippines is lagging behind most of the other founding members of the Association of Southeast Asian Nations in many economic and development indicators and, without sufficient improvement, it may be overtaken by the newer, less developed neighbors.
The newer members of the Asean, which was formed in 1967, are Cambodia, Laos, Myanmar and Vietnam—all of which signed up in the 1990s.
Kensuke Tanaka, head of the Asia desk of the OECD think tank, said that among the five founders, the Philippines ranked fourth in terms of labor productivity.
The OECD-DC’s “Southeast Asian Economic Outlook 2013” report showed that a Filipino worker accounted for $10,000 worth of products valued in 2009 prices. This is barely above Indonesia’s level and below the Asean average.
Tanaka also noted that poverty incidence in the Philippines was the highest among the five with almost a quarter of the population living below the poverty threshold.
Further, Tanaka cited the World Bank’s latest Doing Business report which showed the Philippines ranking 136th in the world in terms of ease in doing business. This is the lowest among Asean founding members and just two notches from Cambodia’s 138th.
Also, according to the Asean Secretariat’s Asean Integration Monitoring Office, the Philippines has the lowest gross domestic product per capita among the six oldest Asean members, including Brunei. Each Filipino accounts for $2,300 a year, which is less than a quarter of the world average of $10,000.
Philippines standout in south east asia for economic growth and investor confidence

http://thebobbery.com/philippines-standout-in...

According to Standard Chartered, the Philippines are once again poised to be the standout nation in South-East Asia when it comes to both investor confidence and economic growth. The survey was held among around 900 investors in the Association of Southeast Asian Nations.

We are optimistic that the Philippines will outperform the region and enjoy another year of strong growth momentum in 2013&#8243;
Standard Chartered
Standard Chartered expects the country to further build on its excellent 2012 growth and ‘on-the-ground’ sentiment. Predicted 2013 investor confidence was shown by around 74% of the surveyed investors expecting Manila to see further economic growth, dwarfing scores for neighboring metropoles Jakarta (46%), Bangkok (44%), Singapore (44%) and Kuala Lumpur (41%).

The survey follows shortly upon Kleiner Perkins Caufield & Byers’ State of the Internet Report by Mary Meeker which ranked the Philippines as 7th fastest Internet grower and 17th largest smartphone population worldwide.

Further key points in the survey highlighted the strength of the Philippine Peso, which is expected to further depreciate against the US Dollar, and the confidence of investors in the South-East Asian markets. Investors continue to fear for the position of the European and American markets, but none of the surveyed investors mentioned the Philippines as a concern.

In comparison, almost half of the investors in Kuala Lumpur said they were worried by growth perspective for Malaysia, as were 43% in Singapore, 35% in Jakarta and 19% in Bangkok for their respective countries.

“China, follow Internat'l Law!”

Since: Jun 12

United States of America

#3266 Mar 25, 2013
Don the American wrote:
<quoted text>
LOL!!! Tell the truth and get crucified. Maybe that's why Holy Week is such a big deal!!!!
http://thebobbery.com/philippines-standout-in...

The Philippines Emerges as the FRONTRUNNER among KEY CITIES in the ASEAN in a survey of more that 900 Investors in the REGION.

1.Manila - 74%

2.Jakarta - 44%

3.Bangkok - 44%

4.Singapore - 44%

5.Kuala Lumpur - 41%
xyz

London, UK

#3267 Mar 25, 2013
Don the American wrote:
<quoted text>
LOL!!! Tell the truth and get crucified. Maybe that's why Holy Week is such a big deal!!!!
Pinoy always think they are doing good when in fact they are doing crap.

Lets see what lola got to say, she been quite for a while, prolly because she been exposed lol.

“China, follow Internat'l Law!”

Since: Jun 12

United States of America

#3269 Mar 25, 2013
xyz wrote:
<quoted text>
Pinoy always think they are doing good when in fact they are doing crap.
Lets see what lola got to say, she been quite for a while, prolly because she been exposed lol.
The WORLD is round.

According to HISTORY,

You cannot be on top forever

and

You cannot be in the bottom forever.

West was on top, Asia was down

Now

ASIA is slowly climbing up, and the west is slowly going down.

#Asian CENTURY

Since: Apr 09

Olongapo City, Philippines

#3270 Mar 25, 2013
xyz wrote:
<quoted text>
Pinoy always think they are doing good when in fact they are doing crap.
Lets see what lola got to say, she been quite for a while, prolly because she been exposed lol.
Maybe the mental asylum she escaped from finally got her back. Poor basterds in the day room don't know what's going to hit them.

All this talk how well the P.I. is doing. He thinks we don't notice it's all about the rich getting richer like in the U.S. Stock market is doing great but there are no jobs.

Yes everyone, invest your business in the Philippines where you can have super cheap labor, lax or non-existent environmental laws just keep paying that bribe money and your fine!!!

Since: Apr 09

Olongapo City, Philippines

#3271 Mar 25, 2013
Austronesian Guy wrote:
<quoted text>
The WORLD is round.
According to HISTORY,
You cannot be on top forever
and
You cannot be in the bottom forever.
West was on top, Asia was down
Now
ASIA is slowly climbing up, and the west is slowly going down.
#Asian CENTURY
No there will always be Asians willing to go down on me!!!LOL!!!
Bakulaw

Adelaide, Australia

#3272 Mar 25, 2013
Australia warned of future China crisis double whammy. ABC News

By finance reporter Elysse Morgan

Updated 45 minutes ago

A major Asian investment bank says the seeds of a future financial crisis in China have been sown.

Nomura is warning that debt levels in China are teetering at unsustainable levels.

Debt in China is believed to be between 150 and 200 per cent of GDP, pushed up by easy monetary policy the government has used to foster economic growth, especially in the wake of the global financial crisis.

Nomura chief economist Rob Subburaman says there is a real risk China will repeat what happened in the US and Europe.

"When we compare China to other countries that have had crisis we would say that China is now in the danger zone in terms of debt,"
Mr Subburaman says the only way for the authorities to avoid a crisis is to ease stimulus and slow down the nation's growth.

"If it's not dealt with this year and policies remain easy I think it's a significant risk," he warned.

"I think the international experience now is littered with examples where if you have a quick run up in debt the effects on the real economy can be very severe."
PINOY claim dey peaceful

Kuala Lumpur, Malaysia

#3274 Mar 26, 2013
Austronesian Guy wrote:
<quoted text>
The palace and the dept of justice just announced that the SABAH DOCUMENT review is on going and that INTERNATIONAL COURT ARBITRATION is the BEST way to settle the dispute.
Just wait and see, the FILIPINO people are pushing the government to act.
You can announced anything you like but who cares?

Philippines is just the TROUBLEMAKER and CLOWN of ASEAN and we meaning the rest of ASEAN are waiting to kick you out of this peaceful TRADE BLOC after all your REMITTANCE ECONOMY is not worth much anyway.

Whether it is Pjajak or Bodoh, who needs your interpretation anyway. I was merely toying around with you to see how far you will go with the translation of Pjajak interpreted as RENTAL by PINOY. Hahahaha

So when one wanted to rent a house in Sulu for instance the owner then pjajak his house to you. Hahahaha

Let’s have clear knowledge of the following:
1. The controversy arising from the 1878 treaty between Jamalul Alam and British North Borneo Company.
It can strongly be argued that it was a “cession” and not a “lease” as claimed by Filipinos.

Note that any argument on the matter was decisively clarified and settled when on April 22, 1903, Sultan Jamalul Kiram signed a document known as

“Confirmation of cession of certain islands”

in which he confirmed and says that the 1878 treaty was a CESSION.

The written text in the DOCUMENT signed on April 22, 1903 by Sultan Jamalul Kiram reads:-

The “confirmation” of the 1878 treaty says specifically that “We, the Sultan of Sulu, state with truth and clearness that we have ceded to the Government of British North Borneo of our own pleasure all the islands that are near the territory of North Borneo… This is done because the names of the islands were not mentioned in the 22nd January, 1878 [treaty]… that the islands were included in the CESSION…”

That is why neither Malaysia nor China need to be BOTHER by the action taken by the LAWLESS and DISHONORABLE Philippines Government. They still think they can STEAL other nations lands using the UNCLOS or ICJ. Hahahahaha
PINOY claim dey peaceful

Kuala Lumpur, Malaysia

#3275 Mar 26, 2013
Austronesian Guy wrote:
<quoted text>
The WORLD is round.
According to HISTORY,
You cannot be on top forever
and
You cannot be in the bottom forever.
West was on top, Asia was down
Now
ASIA is slowly climbing up, and the west is slowly going down.
#Asian CENTURY
You are right but how can the bottom three reached the TOP!

Philippines boasting they are the STRONGEST ECONOMY in ASIA. Hahahaha

Let starts with ASEAN first?

Text me when Philippines is in the 2nd or 3rd place!!!
PINOY claim dey peaceful

Kuala Lumpur, Malaysia

#3276 Mar 26, 2013
Austronesian Guy wrote:
<quoted text>

The Philippines Emerges as the FRONTRUNNER among KEY CITIES in the ASEAN in a survey of more that 900 Investors in the REGION.
1.Manila - 74%
2.Jakarta - 44%
3.Bangkok - 44%
4.Singapore - 44%
5.Kuala Lumpur - 41%
Show us the MONEY first and stop talking! With a 200 billion GDP which is roughly the SIZE of Chinese Defense Budget, seriously I do not think much of Philippines REMITTANCE economy. Hahahahahah

Philippines despite her population is still ranked behind either Malaysia or Singapore.

Since: Jun 11

Location hidden

#3277 Mar 26, 2013
Austronesian Guy wrote:
<quoted text>
As long as I KNOW I am right, and MY ARGUMENTS are supported by INTERNATIONAL LAW no one can PREVENT me even if I WAS a NOT FILIPINO.
Nuff said.
No need to get emotional and type in capital letters, Im not gunning for you. My arguement that has yet to be answered.....IS.... the "proof" the sultan provided was receipts to "Cession payments". Now if that is his proof then it's time to buy a Webster's and start walking and paddling back to Sulu lol

Since: Apr 09

San Pedro, Philippines

#3280 Mar 26, 2013
Austronesian Guy wrote:
<quoted text>
The WORLD is round.
According to HISTORY,
You cannot be on top forever
and
You cannot be in the bottom forever.
West was on top, Asia was down
Now
ASIA is slowly climbing up, and the west is slowly going down.
#Asian CENTURY
LOLOL!!!! Philippines can say anything they want to, jump up and down but when it comes to going there and claiming it Flips will get their azzes shot off LOLOL!!!!!

Now the greedy crazy Flips want 50% of everything Sabah has made back to the 1960's. LOLOL!!!!! Go try to collect, we will see how fast you swim back to Jolo!!!LOL!!!
John

Canada

#3284 Mar 26, 2013
Selfish and greedy Pinoys complain again.

If Pinoys think the Philippines is so good and booming, why do they want to stay in Hong Kong by hook or by crook.

PH has a lot of land and naturally resources. HK has no land and no resources but relatively a huge population (7 million) to feed.

The 300,000 Filipino overseas workers want to stay as permanent residents in Hong Kong. Many of them explicitly said if they get the PR status, they will bring in their relatives and enjoy the welfare and medical benefits of HK.

They are rejected by the Court of Final Appeal. The judge said, Filipino maids have been told upfront that their work contracts and work visas are not qualified for landed immigrant status. That is very explicit,and their visas are not immigration visas.

Pinoys think it is not fair. But if you look at the facts, you know they are badmouthing again. They want to win and get all the benefits.
If anyone want to migrate to PH, would a work visa guarantee permanent residence there? Not in the Philippines, and not in Canada, USA, EU countries, and Australia. Work visa and labour certificates are different with different restrictions than immigration process.

These advanced countries will screen their immigration applicants to make sure they fulfil the requirements (e.g. skills, wealth, education...). If an overseas worker wants to apply for immigration status, the outcome is not guaranteed. It will be on a case-by-case basis. The applicant often have to leave the country and upon successful application, he/she re-enter the country. Conversion from work visa status to immigration status is never automatic in the PH, and other advanced countries.

Which country or region with 7 million people can suddenly accept 300,000 Filipinos as permanent residents? And there are more to come from PH and other countries.

It is very important to let the world know that Chinese workers from mainland China working in Hong Kong won't be entitled to permanent residence either. This is very clear. Why should Hong Kong govt relax the rules to satisfy the wants of Filipino maids at the expense of the rights of Hong Kong residents and their compatriots in the mainland and Taiwan?

Pinoys, keep complaining and twist the facts. You may get everything you want after doing it for a long time. You are born more equal than other people!

Since: Apr 09

Olongapo City, Philippines

#3285 Mar 26, 2013
John wrote:
Selfish and greedy Pinoys complain again.
If Pinoys think the Philippines is so good and booming, why do they want to stay in Hong Kong by hook or by crook.
PH has a lot of land and naturally resources. HK has no land and no resources but relatively a huge population (7 million) to feed.
The 300,000 Filipino overseas workers want to stay as permanent residents in Hong Kong. Many of them explicitly said if they get the PR status, they will bring in their relatives and enjoy the welfare and medical benefits of HK.
They are rejected by the Court of Final Appeal. The judge said, Filipino maids have been told upfront that their work contracts and work visas are not qualified for landed immigrant status. That is very explicit,and their visas are not immigration visas.
Pinoys think it is not fair. But if you look at the facts, you know they are badmouthing again. They want to win and get all the benefits.
If anyone want to migrate to PH, would a work visa guarantee permanent residence there? Not in the Philippines, and not in Canada, USA, EU countries, and Australia. Work visa and labour certificates are different with different restrictions than immigration process.
These advanced countries will screen their immigration applicants to make sure they fulfil the requirements (e.g. skills, wealth, education...). If an overseas worker wants to apply for immigration status, the outcome is not guaranteed. It will be on a case-by-case basis. The applicant often have to leave the country and upon successful application, he/she re-enter the country. Conversion from work visa status to immigration status is never automatic in the PH, and other advanced countries.
Which country or region with 7 million people can suddenly accept 300,000 Filipinos as permanent residents? And there are more to come from PH and other countries.
It is very important to let the world know that Chinese workers from mainland China working in Hong Kong won't be entitled to permanent residence either. This is very clear. Why should Hong Kong govt relax the rules to satisfy the wants of Filipino maids at the expense of the rights of Hong Kong residents and their compatriots in the mainland and Taiwan?
Pinoys, keep complaining and twist the facts. You may get everything you want after doing it for a long time. You are born more equal than other people!
Yes Flip OFW's think they should be allowed to stay in HK. No surprise to me since they think the world owes them. How about me. Ive been in the Philippines going on 10 years now on a tourist visa why don't I get some kind of status here since I add so much to the economy.

Could it be the arrogant and racist Flip mind never feels what they want from others should be applied to them. LOL!!! Fair is never fair in the Philippines.
Willy Mann

Edmonton, Canada

#3286 Mar 26, 2013
The Philippines and Pinoys have created conflicts not only over South China Seas, and Sabah but also over permanent residence rights in Hong Kong.

They misused the law to maximise their own benefits.

But they don't accept the verdict if they lose the case.

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