Philippines is the second best performing economy in S.E. Asia, next to Singapore, according to a recent report by the IMF. Another organization, the World Economic Forum has also cited that the Philippines has improved in terms or global competitiveness. It has climbed 3 notches from 75 last year to 71 this year. Article links after the cut.
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Related Post:
The Wealthy, the Poor, and the Filipinos (part 1)
It’s easy to say that life is hard, and it’s harder in the Philippines. Among many Filipinos, many of them don’t even believe that they could make money in the Philippines. But let’s take a look who are the 5 richest people in the Philippines and their commonality.
The Top 5 Richest Men in the Philippines (Forbes, 2007) are
Four out five were immigrants, or the parents have been immigrants to the Philippines.
Four out five were self-made b/millionaires:
Five out five believed that they could make money — in the Philippines, nevertheless.
The Richest Man in the World
Interesting to note that the Richest Man in the World is no longer Bill Gates nor does he/she comes from the U.S. but from a “Newly Industrialized Country” — Mexico. His name is Carlos Slim (video). He also believed in Mexico, unlike anyone else.
His net worth is nearly $68 billion ($68,000,000,000.00), $27 million a day ($27,000,000.00), Lebanese immigrant, and does not own a computer 
.
Profiles: Pinoy Money Talk, Forbes
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Big U.S. Corporations are exploring the Philippines as their next investment venture, citing “strong Philippine economy”.
Will I now now be able to enjoy quality TV shows in the country because of Time Warner’s investment? Hmm.
GMA Convinces US businessmen to Visit Manila
ENALYN D. KABILING
Source: Manila BulletinNEW YORK CITY (via PLDT) — Impressed by the Philippines’ bustling economic expansion, a group of American businessmen, including those listed among the world’s richest companies, would visit the Philippines
next[this] month, Oct. 2007, to explore possible investments.Mathew Daley, president of the US-Association of Southeast Asian Nations (ASEAN) Business Council, said Thursday they also intend to inform other American firms about the economic opportunities in the Philippines.
“We will work with you and the government in bringing the access between the Philippines to the American audience and that we will be bringing this mission to Manila in October,” Daley said during a luncheon meeting with President Arroyo together with 20 leaders of American companies at the Waldorf Astoria Hotel.
The President is on a three-day working visit in New York, mainly to address the United Nations General Assembly. She will return to Manila on Sunday, Sept. 30, 2007.
Among the American business executives who attended the luncheon meet were from Abbott Laboratories, AES, AIG, Citi, The Coca-Cola Company, Ford Motor Company, InterGen, Pfizer, and Time Warner.
In his remarks, Daley praised the “strong Philippine economy” built upon sound fiscal and monetary policies of the Arroyo administration.
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Comments (0) Posted on Tuesday, October 2nd, 2007
The two futures of mobile media entertainment in the Philippines and the world:
Mobile TV is set to take off in the Philippines in the later part of this year, but the following must be done so it will have a broader reach:
Output to TV/HDTV:
A universal device must be made so any cellphone that has DVB technology in it can be output to TV/HDTV. Some of the middle class Filipinos have bought HDTV, but of course there are no good unless they can watch HDTV broadcast on it, with DVB there’s that possibility.
Cellphone networks to be the new cable companies:
I’m paying a service to watch my TV but in the future, I want whatever I watched on my cellphone to be easily accessible too when I get home. And thus, if ever they get the output to the TV thing working, cellphone companies will become the new cable companies.
P2P Cellphone Router:
Each cellphone will become somewhat like a wireless router. A common wireless network for those who are willing to share their net access. Internet access penetration in the Philippines is not that high. But cellphone is. So being able to share the net access to whoever is willing share will hopefully expand the internet access in the country.
WiFi+3G+Skype
Ever heard of Skype? You can anyone for free in the world as long as they have an account with Skype. The problem right now with Skype is somewhat you’re next to your PC and/or with your WiFi router. Well with access to WiFi spots and 3G this will hopefully change.
Flash Lite
You’ve seen the impact of user generated videos by sites like Youtube, Google Video and Metacafe, etc., demand for such videos will continue. By having Flash Lite technology in the cellphone will you watch such sites. Of course we also want to be able to record directly from our cellphone to upload it to such sites.
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I personally have noticed that by knowing more than one language, it makes it easier for a person to be able to understand what the other person is saying. But most Americans only know one language, English.
You have to remember that United States is not only made up of cities of New York, Los Angeles, Washington D.C. but it also has cities like Minneapolis, Dallas, Chattanooga (have you even heard of it?) etc. and trying to communicate with a representative from India in a call center with a British accent makes it harder. And that’s why Philippine Call Centers Are Music To The Ears of American Callers.
Investor’s Business Daily
Philippine Call Centers Are Music To The Ears of American Callers
Wednesday July 18, 7:00 pm ET
Amy Reeves
Source: Yahoo!The playwright George Bernard Shaw famously quipped that “England and America are two countries separated by a common language.” Any American who’s called tech support lately might feel the same way about India.Many tech firms are outsourcing their call centers to India, thanks to its surfeit of high-tech workers at low wages who speak English. But that English, inherited from Britain and processed through Indian phonemes, can be hard for Americans to understand.
That’s one reason why the fastest growing call-center market right now is the Philippines.
As a former U.S. colony, it picked up American English right from the source. The fact that hundreds of thousands of Filipinos have family in the U.S. keeps the two cultures connected.
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Comments (1) Posted on Tuesday, September 25th, 2007
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