Major negative news regarding pullout of investments from the Philippines and other problems:
1. UPS announced their planned transfer of their hub to a more centrally located USD180M facility at the Shenzhen airport. May 2008.
2. Intel Corp. has announced its possible exit from the Philippines as it plans to close its second offshore assemply operations center in Asia.
3. One of the highest power rates in Asia; second only to Japan.
4. The Philippines is now the world's largest importer of rice. "Decades ago, Vietnamese and Thai students learnt rice cultivation methods in Philippine universities and implemented these upon return to their countries. Thus, many find it ironic that the Philippines is now the world’s biggest rice importer and has to buy rice from the very same people who studied in its institutions." (ipsnews)
5. Corruption is perceived as widespread. The Philippines ranks 121st out of 163 countries in Transparency International's Corruption Perceptions Index for 2006. Corruption is pervasive and long-standing. Enforcement of anti-corruption laws is inconsistent, and the public perception of judicial, executive, and legislative corruption remains high. (Heritage Foundation)
Advantages of investing in the Philippines:
1. Large english-speaking work force.
2. Significant foreign currency inflows amounting to around USD10-12bn/year from the overseas foreign workers.
Is there hope for more foreign investments in the Philippines?
What should we be doing to attract and keep foreign investments in the Philippines?
What are the advantages of investing in the Philippines?
Saturday, May 24, 2008
Tuesday, May 20, 2008
REIT Investor Series - June 17, 2008
These are some pictures of the recently held 1st REIT Seminar of the CFAP REIT Investor Series. Due to popular demand, we are already preparing for the 2nd REIT Seminar which will be held in October 2008.
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