Philippines Asia's Strongest Performing Economy

There are 6095 comments on the Manila Bulletin story from Nov 23, 2012, titled Philippines Asia's Strongest Performing Economy. In it, Manila Bulletin reports that:

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.

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BaKuteH

Petaling Jaya, Malaysia

#5917 Jun 18, 2013
joules wrote:
<quoted text>
This is also incorrect. The PH has a land reform law that restrict property by size to any individual. That's why Pres. Aquino had to divide his Hacienda Luisita to all their tenants. So if you do the math its mathematically impossible for Chinese families to own 80% of the country even if they all had 100 children each.
well the estates and land asset are owned by 1.6 filipino Chinese is too great, i notice that most of Chinoy lived in rich district such as Greenbelt, Makati, Ortigas and Bonifacio no doubt you would find them hanging around everywhere... Because the control the economy they could buy everything inside the country, in the end we can connclude that 40 richest men in Philippines which are 38/40 are Chinese owns 76% of the wealth
xyz

London, UK

#5918 Jun 18, 2013
D sucks wrote:
<quoted text> It's just because some looks are fit for office jobs and some are not. A employer has to be discriminating in selecting the right people for the right jobs without offense in mind. Sad but true.
You cant get an office job because you look like a janitor.
BaKuteH

Petaling Jaya, Malaysia

#5919 Jun 18, 2013
xyz wrote:
<quoted text>
You cant get an office job because you look like a janitor.
thats because he is silly :)
all filipino on first sight would be thought as janitor, street cleaner, thief, low-life gangster etc
joules

Plano, TX

#5920 Jun 18, 2013
BaKuteH wrote:
<quoted text>
Ethnic Chinese dominate PH economy
By Solita Collas-Monsod
Philippine Daily Inquirer
10:04 pm | Friday, June 22nd, 2012
12 1239 202
Truly, a picture is worth a thousand words. The pictures of the top 15 Filipino billionaires (in US dollars, mind you) in Friday’s issue of the Inquirer brought home with crystal clarity the domination of the Philippine economy by ethnic Chinese. This is, of course, not a unique situation, as it seems to be the case in all of Southeast Asia (with the possible exception of Malaysia), but that is cold comfort indeed.
Yale Law Prof. Amy Chua, in her book “World On Fire,” asserts that Chinese Filipinos comprise 1 percent of the population but control 60 percent of the economy. Presumably, she means ethnically Chinese Filipinos (i.e., of pure Chinese descent). If one includes, however, mixed-blood Chinese Filipinos, where the other part of the blood, as it were, would be Filipino, or Spanish, or maybe a combination of both, then the percentage of Filipinos of Chinese origin goes up to around 22 percent. That is to say, more than 1 in 5 Filipinos have more than a small amount of Chinese blood.
What constitutes more than a small amount? I haven’t put my hands on the information, but for purposes of this discussion, let us assume that one has to be at least one-third Chinese to be considered Chinese Filipino.
So let us now hark back to those 15 pictures. One immediately sees the Chinese domination. And the small amount of research I did validates the eyeball conclusion. Nine of the 15 billionaires—or 60 percent—are in fact ethnic (pure-blooded) Chinese: Henry Sy, Lucio Tan, John Gokongwei, Andrew Tan, George Ty, Robert Coyuito, Tony Tan Caktiong, Lucio Co and Emilio Yap. Their mother tongue has to be a Chinese dialect. And in fact, six of them were born in China, or what is now China, immigrating to the Philippines in their youth.
Another three of the 15 certainly have Chinese names: Dave Consunji, Bobby Ongpin and Danding Cojuangco. But that’s about as far as it goes, and while I have not been able to ascertain that they have less than one-third Chinese blood, I am willing to bet on it, particularly since I was able to talk to Maribel Ongpin and Marilou Tuason (walking social historians). One thing is sure: Their mother tongue has nothing to do with any of the Chinese dialects. So even if two of the three have a “mestizo” look (Dave Consunji is as Filipino-looking as they come), I would tag all three of them as Filipino Filipinos.
The final three: Ricky Razon, Jaime Zobel, and Iñigo Zobel, are obviously Spanish Filipinos—and their mother tongue is most probably Spanish, although Iñigo’s father, the late Enrique Zobel, spoke Filipino like a native Batangueño.
But there are ways of classifying these 15 billionaires other than by their ethnic origins. For example, nine of them I would classify as “self-made,” in that they came from almost nothing—Sy, L. Tan, Gokongwei, Consunji, A. Tan, Ty, Tan Caktiong, Co, and Yap. The other seven had from some amount to a very great deal of inherited wealth, which at the very least assured the best education, which they then used to excellent effect.
Interestingly, the author of this article was my college professor. She served as economic secretary for Cory Aquino..you will notice that many of the chinese billionaires were self made. I've read some of their rags to riches story. Very inspirational.
BaKuteH

Petaling Jaya, Malaysia

#5921 Jun 19, 2013
joules wrote:
<quoted text>
Interestingly, the author of this article was my college professor. She served as economic secretary for Cory Aquino..you will notice that many of the chinese billionaires were self made. I've read some of their rags to riches story. Very inspirational.
now what is more interesting is how riich they're generally than most pinoy that even your proffesour couldn't deny it like you did
D sucks

Saint Paul, MN

#5922 Jun 19, 2013
xyz wrote:
<quoted text>
You cant get an office job because you look like a janitor.
True to a certain situation to a degree specially in a big corporations. That's the reason why you'll never see a cubicle. Lucky stupid you.
amc

Quezon City, Philippines

#5923 Jun 19, 2013
there are very few , if any wealthy pinoy who got their riches honestly. imagine that statement.

culture of corruption
amc

Quezon City, Philippines

#5924 Jun 19, 2013
joules wrote:
<quoted text>
This is also incorrect. The PH has a land reform law that restrict property by size to any individual. That's why Pres. Aquino had to divide his Hacienda Luisita to all their tenants. So if you do the math its mathematically impossible for Chinese families to own 80% of the country even if they all had 100 children each.
those people are still waiting for their land while wealthy corrupts continue to gather up all the land they wish.

youre not here joules. you dont really know the facts and a once a year vacation cant bring you up to speed. many of your posts are naive`
BaKuteH

Petaling Jaya, Malaysia

#5925 Jun 19, 2013
amc wrote:
there are very few , if any wealthy pinoy who got their riches honestly. imagine that statement.
culture of corruption
rich pinoy are the one who work for the govt and get their hand on corrupted wealth and bribes
xyz

London, UK

#5926 Jun 19, 2013
BaKuteH wrote:
<quoted text>
thats because he is silly :)
all filipino on first sight would be thought as janitor, street cleaner, thief, low-life gangster etc
He is all of them put into one little brown man.
joules

Plano, TX

#5927 Jun 19, 2013
amc wrote:
<quoted text>
those people are still waiting for their land while wealthy corrupts continue to gather up all the land they wish.
youre not here joules. you dont really know the facts and a once a year vacation cant bring you up to speed. many of your posts are naive`
I know some of my posts are clouded by my wishful thinking. You can't blame me. I used to be an idealist in public service. Still hopeful that things will get better so when I spend my retirement days there, I would be less disappointed.
joules

Plano, TX

#5928 Jun 19, 2013
BaKuteH wrote:
<quoted text>
now what is more interesting is how riich they're generally than most pinoy that even your proffesour couldn't deny it like you did
There is a study that 30-50% of presently living Filipinos in the Philippines have at least full Chinese ancestor within the last 3 generations of either paternal or maternal sides. I am in this category since my Dads grandmother was Chinese. The current president and his billionaire uncles also fall in this category. ALso 3-5% have Spanish blood - my wife belongs to this category, her great grandmother on her mother's side was a Spanish friar. My ancestor and last name also come from the province of Alicante, Spain. So difficult to describe now whats a chinoy from a mestizo since the blood lines are mixed. If we talk about pure Chinese blood born in China, the list of rich people in PH would then be smaller. As for billionaires that would be 9 of 15, still a substantial amount
TehO

Jersey City, NJ

#5929 Jun 19, 2013
BaKuteH wrote:
<quoted text>
agreed if my govt decided to work with Chinese on govt sect im sure Malaysia can surprass Singapore, because each of us have our own speciality on certain jobs and skills
Given the vast natural resources Malayia has, with good management, beating Singapore is almost a certainty.
BaKuteH

Petaling Jaya, Malaysia

#5930 Jun 19, 2013
joules wrote:
<quoted text>
I know some of my posts are clouded by my wishful thinking. You can't blame me. I used to be an idealist in public service. Still hopeful that things will get better so when I spend my retirement days there, I would be less disappointed.
so all of your post are wishful thinking? or is it denial?
BaKuteH

Petaling Jaya, Malaysia

#5931 Jun 19, 2013
joules wrote:
<quoted text>
There is a study that 30-50% of presently living Filipinos in the Philippines have at least full Chinese ancestor within the last 3 generations of either paternal or maternal sides. I am in this category since my Dads grandmother was Chinese. The current president and his billionaire uncles also fall in this category. ALso 3-5% have Spanish blood - my wife belongs to this category, her great grandmother on her mother's side was a Spanish friar. My ancestor and last name also come from the province of Alicante, Spain. So difficult to describe now whats a chinoy from a mestizo since the blood lines are mixed. If we talk about pure Chinese blood born in China, the list of rich people in PH would then be smaller. As for billionaires that would be 9 of 15, still a substantial amount
wow so you are partially spanish, chinese, etc etc so what are you really? pure blood Chinese or not most Chinoy are definitely richer than the local, and in fact most Chinese pure blood in Ph lives better than pure pinoy
xyz

London, UK

#5932 Jun 19, 2013
BaKuteH wrote:
<quoted text>
so all of your post are wishful thinking? or is it denial?
All his post is what Philippines should be and not what it is currently, so yeah he is dreaming.

Many pinoy say they want to retire there but couldn't so that should tell you a lot already. The only time they will go back for good is to get buried.
idiots united

Saint Paul, MN

#5933 Jun 19, 2013
xyz wrote:
<quoted text>
All his post is what Philippines should be and not what it is currently, so yeah he is dreaming.
Many pinoy say they want to retire there but couldn't so that should tell you a lot already. The only time they will go back for good is to get buried.
More like they couldn't save enough even for inflation hedge. Nobody could afford to retire except the elite 1% and that is occurring in the rich countries such as Singapore and USA.
idiots united

Saint Paul, MN

#5934 Jun 19, 2013
Scams and inflations are almost the same they are a danger to you fixed income aka pension. Price of steak was recently $5.99 to $6.99 but now it's $9.99 t0 $13.99 for a whopping 40% inflation that the government does not include in it's doctored inflation reports. The dollar is losing it's value real fast and no end in sight. Got to work till you can't anymore.
idiots united

Saint Paul, MN

#5935 Jun 19, 2013
I think I am going to have left over and a sardine for lunch for a whopping 300% deflation on food items. LOL!
joules

Plano, TX

#5936 Jun 19, 2013
xyz wrote:
<quoted text>
All his post is what Philippines should be and not what it is currently, so yeah he is dreaming.
Many pinoy say they want to retire there but couldn't so that should tell you a lot already. The only time they will go back for good is to get buried.
Actually most of my post is what it was not what it will be. Also, I'm too young to retire and I'm not getting buried anywhere. I'll be cremated.

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