Google

ASEANAFFAIRS
Sign up | Log in
Subscribe to AseanAffairs Magazine
BRAVE NEW PHILIPPINES
View Samples
AseanAffairs Magazine July - August 2010
CONTENT • BEYOND ASEAN 
• ASEAN BAZAAR • ASEAN TALK
ASEAN AVIATION • INSIDE OUT
• ASEAN MONEY • OPINION
• ASEAN TRAVELLER • INDIA IN SPOTLIGHT

New Philippines President Benigno “Noynoy” Aquino wins in a landslide election and promises to end poverty and fight corruption.

COVER STORY  Read More...

Testimonials – What our Readers are saying about us
Read the full story.  Subscribe now!
 



 

 

 

 

 consecutive quarters of decline. Japan was the top source of approved FDI in the fourth quarter of 2009 as it contributed 72.1 percent of the total FDI commitments valued at P 63.1 billion. Trailing far behind are the USA and Korea pledging P 7.6 billion and P 3.9 billion which accounted for 8.7 percent and 4.5 percent, respectively of the total FDI committed during the last quarter of 2009

Aside from the relatively cheaper cost of labor, the Philippines has an enormous supply of skilled and English speaking workers who are ready to serve the needs of multinational companies relocating in the country.

… = data not available, CPI = consumer price index, GDP = gross domestic product, GNI = gross national income. Sources: ADB. 2010. Asian Development Outlook 2010. Manila. ADB staff estimates. World Bank. 2010. World Development Indicators Online.

 

A rebound?

The Philippines growth rate increase of 7.3 percent suggests an economic rebound is in progress, a development noticed by a least one foreign government. A top executive of Bank of Tokyo said that investors are now looking at the Philippines as a viable investment area as compared to other places in southeast Asia.

A Philippine government trade official, speaking to the Philippines Star said Singapore-based Takashi Muraoka, Bank of Tokyo deputy chief executive officer for Asia, visited him to report that investors are bullish on the Philippines.

“He informed me that investors are concentrating on Indonesia and the Philippines right now,” Elmer Hernandez said.

Hernandez said they expect more investments from Japan because Japanese firms are seriously considering expanding in Asia.



...

Page 5 of 5    << Previous


Back to top

 

...to Read the Complete Article Subscribe to ASEANAFFAIRS Magazine

Home | About Us | Contact Us | Special | Features | News | Magazine | Events | TV | Press Release | Advertise With us

Our Products | Work with us | Terms of Use | Site Map | Privacy Policy | Refund Policy | Shipping/Delivery Policy


Version 5.0


advertisement


Copyright © 2007-2011 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand
asean@aseanaffairs.com