Philippines Asia's Strongest Performing Economy

Nov 23, 2012 Full story: Manila Bulletin 6,095

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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Fusion Reactors Worldwide

Bagumbayan, Philippines

#1778 Feb 8, 2013
Don the American wrote:
<quoted text>
Many countries like Singapore and Korea set a five and ten year economic plan to bring them into the world economic stage. The government itself borrows the money and gets a board to plan and execute new technologies and manufacturing for new in country business with keeping in mind descent pay for it's citizens so taxes can go back into the country and actually make money from this investment and drastically improving the lives of it's citizens.
This cannot happen here and the reason is the ruling families and the concentration of wealth remain flowing to them then money back to politicians "bribes" to keep this system in place which also means controlling elections to keep their pets in place and enough of them to keep honest politicians on a leash.
Systemic corruption is the perfect description. There is a direct correlation between poverty and corruption. Check countries and you will see the less corruption the better it's citizens are.
That's very true. We'll have to wait for a rapid mass spreading technology miracle (initiated by entrepreneurship) similar to the PC, internet, facebook, and cellphones to happen in the heavy industry sector before the Philippines can improve Brunei style.
lol

San Francisco, CA

#1779 Feb 8, 2013
Jeff wrote:
<quoted text>I know the history of PH, and I know you flips all too well.
I have lived and worked in Manila for years.
So you believe to be the expert when it comes to Filipinos customs and traditions....

There is that saying that human beings are human beings, some are good, some are bad...and if you are "wise and educated" use it...
lol

San Francisco, CA

#1780 Feb 8, 2013
Jeff wrote:
Why are foreign people who have lived in or are currently living in PH so critical of PH?
What have you done to disappoint us?
Flips should have a reflection about yourselves, your govt, and your culture and mentality.
Obviously the foreigners are too noisey and critical for their own good.

Definitely, Filipinos are have their own identity such as culture and customs. Whom are you kidding....
Jeff

Edmonton, Canada

#1781 Feb 8, 2013
lol wrote:
<quoted text>
Obviously the foreigners are too noisey and critical for their own good.
Definitely, Filipinos are have their own identity such as culture and customs. Whom are you kidding....
OK.
Agree that you guys have your culture and customs. That is your right.

But didn't you guys criticise other countries and people you don't understand?

Clearly double standards!

You feel pissed when others criticise you, but you do the same on others.

Typical flip mentality.
lol

San Francisco, CA

#1782 Feb 8, 2013
Jeff wrote:
<quoted text>OK.
Agree that you guys have your culture and customs. That is your right.
But didn't you guys criticise other countries and people you don't understand?
Clearly double standards!
You feel pissed when others criticise you, but you do the same on others.
Typical flip mentality.
So what are you doing now calling me all names, yet I'm mentaining my cool, the best asset of a normal Fil American, not the typical ones like you...
Jeff

Edmonton, Canada

#1783 Feb 8, 2013
lol wrote:
<quoted text>
So what are you doing now calling me all names, yet I'm mentaining my cool, the best asset of a normal Fil American, not the typical ones like you...
You get angry.

But I really did not insult you.

Look at the comments posted by Filipinos about other countries/races, you should know I am very polite.

Morever, please compare what I said with what some Americans said here. The expressions and words that I used.

But you just cannot take criticism nor advice.

You guys are from a small poor country with the attitudes and mentality of a No. 1 super-power. One word to sum this up: arrogance. Arrogance that matches poorly to your actual status in the world.
Best view

Bedford, UK

#1784 Feb 8, 2013
heressssssss kenny wrote:
<quoted text>
its strange you say that - as a young and growing population is one of the things cited as helpful to the growth of the Phils economy ,meanwhile china,singapore,hongkong and japan have a ageing population and will continue to have a problem filling jobs and supporting the aged.
Don't be silly Kenny plenty of OFW slaves can be hired.
heressssssss kenny

Philippines

#1785 Feb 8, 2013
Best view wrote:
<quoted text>
Don't be silly Kenny plenty of OFW slaves can be hired.
Do you ever have anything to say -other than taking cheap shots at the phils ??? Anything constructive ?
Best view

Bedford, UK

#1786 Feb 8, 2013
lol wrote:
<quoted text>
So what are you doing now calling me all names, yet I'm mentaining my cool, the best asset of a normal Fil American, not the typical ones like you...
It's easy for you to keep cool as you are used to being a loser. Look at your choices Romney hahaha, 49er's Ravens still crowing, your ex husband long gone.
Best view

Bedford, UK

#1787 Feb 8, 2013
heressssssss kenny wrote:
<quoted text>
Do you ever have anything to say -other than taking cheap shots at the phils ??? Anything constructive ?
You don't like the facts Kenny? Whilst the Philippines is improving under Aquino it is still being underpinned by 10.000.000 OFW's without whom it would be a dung heap. But nothing will change, Aquino will go before Gloria Arroyo has her arse nailed and she will be back in government lauding above her people. The Generals, police and officials will say ah! business as usual LOL!!
lol

San Francisco, CA

#1788 Feb 8, 2013
Jeff wrote:
<quoted text>You get angry.
But I really did not insult you.
Look at the comments posted by Filipinos about other countries/races, you should know I am very polite.
Morever, please compare what I said with what some Americans said here. The expressions and words that I used.
But you just cannot take criticism nor advice.
You guys are from a small poor country with the attitudes and mentality of a No. 1 super-power. One word to sum this up: arrogance. Arrogance that matches poorly to your actual status in the world.
There are times when it is appropriate to get angry, but not over stupid comments. I think you are trying to provoke me getting angry..nada, you're wasting your arrogance...
lol

San Francisco, CA

#1789 Feb 8, 2013
Best view wrote:
<quoted text>
It's easy for you to keep cool as you are used to being a loser. Look at your choices Romney hahaha, 49er's Ravens still crowing, your ex husband long gone.
What a display of arrogance, coupled with defeat and anger.

Since: Apr 09

Olongapo City, Philippines

#1790 Feb 8, 2013
Jeff wrote:
<quoted text>You get angry.
But I really did not insult you.
Look at the comments posted by Filipinos about other countries/races, you should know I am very polite.
Morever, please compare what I said with what some Americans said here. The expressions and words that I used.
But you just cannot take criticism nor advice.
You guys are from a small poor country with the attitudes and mentality of a No. 1 super-power. One word to sum this up: arrogance. Arrogance that matches poorly to your actual status in the world.
Like a hard on with know where to go!!!!!
lol

San Francisco, CA

#1791 Feb 8, 2013
Don the American wrote:
<quoted text>
Like a hard on with know where to go!!!!!
But you said you're going to Thailand. Getting old Don!
amc

San Juan, Philippines

#1792 Feb 8, 2013
Don the American wrote:
<quoted text>
OMG!!!!!!! This is so pathetic that you can't even research anything. Austral is a AUSTRALIAN COMPANY!!!!!! Like HANJIN!!! These are not PHILIPPINE companies. There here for the cheap labor you bonehead!!!!!
Don't you find it embarrassing that you lay claim to what others do for you??? Find no shame that it's always foreigners providing the money, expertise, everything but the labor????
they dont build ships. they build ferries and one off items and luxury yachts and specialty items. all well and fine, but to say they are #4 in the ship building world is as big a lie as any ive heard lately here. they arent even in the top 10. if they are #4 where are the new flips ships huh?
i already posted the facts. let them have their little fantasy. it gets them nothing but more laughs and embarrassment.
Wiki

Los Angeles, CA

#1794 Feb 8, 2013
amc wrote:
<quoted text>
they dont build ships. they build ferries and one off items and luxury yachts and specialty items. all well and fine, but to say they are #4 in the ship building world is as big a lie as any ive heard lately here. they arent even in the top 10. if they are #4 where are the new flips ships huh?
i already posted the facts. let them have their little fantasy. it gets them nothing but more laughs and embarrassment.
The Philippines is a major player in the global shipbuilding industry with shipyards in Subic, Cebu, General Santos City and Batangas.[35][36] It became the fourth largest shipbuilding nation in 2010.[37][38] Subic-made cargo vessels are now exported to countries where shipping operators are based. South Korea's Hanjin started production in Subic in 2007 of the 20 ships ordered by German and Greek shipping operators.[39] The country’s shipyards are now building ships like bulk carriers, container ships and big passenger ferries. General Santos' shipyard is mainly for ship repair and maintenance.[40]

Being surrounded by waters, the country has abundant natural deep-sea ports ideal for development as production, construction and repair sites. On top of the current operating shipyards, two additional shipyards in Misamis Oriental and Cagayan province are being expanded to support future locators. It has a vast manpower pool of 60,000 certified welders that comprise the bulk of workers in shipbuilding.

In the ship repair sector, the Navotas complex in Metro Manila is expected to accommodate 96 vessels for repair.[41]
http://en.wikipedia.org/wiki/Economy_of_the_P...
idiots united

Saint Paul, MN

#1797 Feb 8, 2013
Wiki wrote:
<quoted text>

. South Korea's Hanjin started production in Subic in 2007 of the 20 ships ordered by German and Greek shipping operators.[39] The country’s shipyards are now building ships like bulk carriers, container ships and big passenger ferries. General Santos' shipyard is mainly for ship repair and maintenance.[40]
Being surrounded by waters, the country has abundant natural deep-sea ports ideal for development as production, construction and repair sites. On top of the current operating shipyards, two additional shipyards in Misamis Oriental and Cagayan province are being expanded to support future locators. It has a vast manpower pool of 60,000 certified welders that comprise the bulk of workers in shipbuilding.
In the ship repair sector, the Navotas complex in Metro Manila is expected to accommodate 96 vessels for repair.[41]
http://en.wikipedia.org/wiki/Economy_of_the_P...
That's hardly anything to brag about. They are not owned by fili8pinos but the foreigners just brought their companies for philippine labors and philippine soils.
amc

San Juan, Philippines

#1798 Feb 8, 2013
idiots united wrote:
<quoted text> That's hardly anything to brag about. They are not owned by fili8pinos but the foreigners just brought their companies for philippine labors and philippine soils.
do you think you can explain it to them? your own bros a sis will attack you if you do.
idiots united

Saint Paul, MN

#1799 Feb 8, 2013
amc wrote:
<quoted text>
do you think you can explain it to them? your own bros a sis will attack you if you do.
Better they have real jobs to earn a living than live a lavish lifestyles by manipulating wall street like american crooks.
Bakulaw

Australia

#1800 Feb 8, 2013
Why Capitalism Works in the West but Not Elsewhere
By Hernando de Soto

Imagine a country where nobody can identify who owns what, addresses cannot be easily verified, people cannot be made to pay their debts, resources cannot conveniently be turned into money, ownership cannot be divided into shares, descriptions of assets are not standardized and cannot be easily compared, and the rules that govern property vary from neighborhood to neighborhood or even from street to street.

You have just put yourself into the life of a developing country.

The inhabitants of these nations do have things, but they lack the process to represent their property and create capital. They have houses but not titles, crops but not deeds, businesses but not statutes of incorporation.

Assets outside the West are held in defective forms: houses built on land whose ownership rights are not adequately recorded, unincorporated businesses with undefined liability, industries located where financiers and investors cannot see them. Because the rights to these possessions are not adequately documented, these assets cannot readily be turned into capital, cannot be traded outside of narrow local circles where people know and trust each other, cannot be used as collateral for a loan and cannot be used as a share against an investment.

It is the unavailability of these essential legal representations that explains why people who have adapted every other Western invention, from the paper clip to the nuclear reactor, have not been able to produce sufficient capital to make their domestic capitalism work.

All sounds familiar to the Philippines doesn't it....

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