Filipinos in South Korea

October 2012: Singapore keen on expanding investments in Philippines—DFA

Singapore Foreign Minister K Shanmugam: "Impressed"

Singapore, one of Asia's most robust economies, is taking notice of the Philippines' recent economic gains and is looking to expand its investments in the Philippines, according to the Department of Foreign Affairs.

A DFA statement said that Singapore Foreign Minister K Shanmugam took note of the country's rosy economic performance in a meeting with Foreign Affairs Secretary Albert del Rosario, during the latter's official visit to the city state on October 11.

"The Philippines has been a quiet economic story," the DFA quoted Shanmugam as saying during the meeting.

The Singaporean foreign minister called the Philippines' economic achievements "fairly impressive" and that Singaporean businessmen have started to take notice.

"He admitted that some Singaporean investors experienced ups and downs in the country in the past, but added that more are likely to come in once they see the Philippines on a steady path," the DFA said in a statement.

Singapore is the country's fifth-biggest investor, with some $357.74 million worth of investments into the Philippines in 2011.

The city state is the Philippines' fourth-largest trading partner, with total trade volume amounting to $9.17 billion. This accounts for 8.5 percent of the country's total international trade.

Del Rosario credited the country's economic performance, rated one of the best in Asia this year, to the Aquino administration's campaign for good governance, a reform initiative seen as the key in improving investor confidence and easing business transactions in general.

"I come with head held high, proud of what is happening in my country," Del Rosario told his Singaporean counterpart.

The officials also talked about moving bilateral air talks forward to further expand people traffic both ways to boost both business and tourism ties, the DFA said.

There are already 167 weekly flights connecting the Philippines and Singapore. Singapore tourist arrivals in the Philippines have also increased by almost 50 percent between 2007 and 2011, the DFA said.

The two diplomats also discussed the establishment of a bilateral mechanism for regular discussions on areas of cooperation.

Del Rosario also paid a courtesy call on acting Prime Minister Teo Chee Hean, the DFA said.

Inquirer Global Nation

New Zealand surprised: Why the Rich English Country Philippines surge exodus to Kiwi Land

Philippines President Benigno Aquino III waves as he arrives for the Leaders Meeting at the APEC summit in Vladivostok, Russia, Saturday, Sept. 8, 2012. (AP Photo/Ivan Sekretarev)

Murray Horton: Filipinos deserve real democracy

Prime Minister Key must raise human rights during the Philippines President's visit, writes Murray Horton

Some of the most harrowing stories to come out of the February 22 Christchurch earthquake involved people trapped alive in the collapsed CTV Building desperately ringing their families, but dying before they could be rescued. A number of them were among the Filipinos who died in that building.

They were a group of nurses attending an English language school. More and more Filipinos are coming to New Zealand to work, either by themselves or with their families. Unlike Kiwis who go overseas to travel and work, Filipinos are not here on their Overseas Employment (OE).

They leave their homeland because there are no jobs for them, there is no welfare system, and unless you can support your family by sending money back from overseas, they will starve. That is why we are seeing an ever growing influx of Filipinos.

By and large they do the sorts of low-paid menial jobs (such as retirement home nurse aids) that Kiwis aren't keen on and they live very humbly. I doubt that any of them live in the circumstances of their Coatesville compatriot Mrs. Dotcom.

People are the Philippines' biggest export; they have become the Irish of Asia.

President Benigno Aquino is visiting New Zealand this month to drum up business and trade ties. But the fact is that New Zealanders know very little about this English-speaking Asian neighbor. There are no direct flights; it is off the tourism radar. Why is it that millions of Filipinos have to go overseas to find work, including in New Zealand? It is not a poor country; quite the opposite, it is blessed with a wealth of natural resources. But the vast majority of the people of this rich country are very poor indeed, and not because of any fault of their own.

The Philippines' biggest problem is that land and wealth (still very much the same thing) and power are concentrated in the hands of a tiny number of extremely rich families who are not disposed to share it, let alone give it up.

There has never been any genuine land reform. Aquino himself is from a major land-owning family, and these dynasties are the ones who control political power, with elected offices handed down from one generation to the next. The Philippines has the formal trappings of democracy but, in reality, it is still very much a semi-feudal society.

Three things reinforce the ruling dynasties' stranglehold on wealth and power. One is institutionalized corruption on a truly staggering scale. New Zealanders have heard of Imelda Marcos and her shoes. The Marcos' conjugal dictatorship of the 70s and 80s personified the word "kleptocracy" - massive theft from their own people.

More recently, another President was tried for corruption on a comparably breathtaking scale; and President Aquino's immediate predecessor has also been charged with corruption and electoral fraud offences.

The second and third things go together - institutionalized violence towards all opposition, and a culture of impunity that sees both corrupt politicians and the members of official death squads (soldiers, police, and paramilitaries) go completely unpunished. Aquino was elected in June 2010 but, despite his own father having been the most high profile victim of Marcos' many political murders, nothing has changed.

As of this September there had been 113 political murders during his Presidency. There are more than 400 political prisoners (who are charged with concocted "criminal" offences); torture is routine and was only very recently criminalized; "disappearing" someone has still not been and is widely practiced.

The military and the ruling dynasties they serve have a very broad definition of "enemies" - the world's worst ever massacre of journalists (32, out of 58 people killed) took place in the Philippines only three years ago. Nobody has been convicted for this and witnesses have since been murdered.

Philippines is a Model of the World for "People Power"

The people power in Tunisia that ousted their dictator, the Ousted dictator in Egypt, Libya and the continues Arab Spring is copied from the "people power" which was introduce by the Philippines to the world that that the people if united is more powerful than the most wicked but powerful man in a country.

When the previous President, Gloria Macapagal-Arroyo, came to New Zealand in 2007, Helen Clark raised the human rights issue with her.

We challenge John Key to do the same with President Aquino.

The long-suffering Philippine people deserve all the international support they can get (the US backs the status quo there, as it always has, because the Philippines has always been a loyal satellite). Filipinos don't take this lying down - they gave the world People Power when they peacefully overthrew Marcos in 1986; opposition to the system ranges from a vibrant popular movement representing many sectors of society, right through to the decades of armed struggle waged by Communist and Muslim guerrillas.

We owe it to our Filipino workmates and neighbors to urge our Government to demand of President Aquino what he intends to do to make the Philippines an actual democracy and a fair society for all of its people.

* Murray Horton is the secretary of the Philippines Solidarity Network of Aotearoa.

Read more here http://goo.gl/sZ7CX

The New Zealand Herald

GLOBAL OUTLOOK ON PHILIPPINE ECONOMY

 

The Philippines enjoys positive assessments and forecasts by global rating agencies and financial services firms, most of them citing governance reforms and their impact on attracting investments and doing business in the country. The latest, a special report by Dow Jones subsidiary, Market Watch, said the Philippines is emerging as one of "New Tigers" or economies that are "poised to drive future growth and grab more economic power" in Southeast Asia.

The four Asian Tigers are:

  1. Hong Kong
  2. Singapore
  3. South Korea
  4. Taiwan

The Chief of Emerging Markets Equity Team at Morgan Stanley Investment Management (MSIM), Ruchir Sharma, said in his book, "Breakout Nations: In Pursuit of the Next Economic Miracles," that the Philippines may soon join the world's "tiger economies" as a result of reforms and strong leadership of the Aquino Administration. An economic surge may happen if the Philippines "rightfully manages its vast resources – being the world's fifth-richest in natural resources such as oil, copper, nickel, gold, and silver," he said.

Two foreign economists – Dr. Tyler Cowen and Dr. John Nye – both professors at George Mason University in Washington, DC, said the Philippines has the "best chance" of becoming a tiger economy in Asia. "The Philippines has strong economic fundamentals," said Dr. Cowen, citing the gains of the Aquino Administration, English proficiency, and Filipinos' belief in education as key ingredients for economic liberation. Dr. Nye advised that to achieve long-range changes, the Philippines should focus on two areas: Simplify the rules and further open up to the market.

Deutsche Bank AG, a German global banking and financial services company, noted the Philippines has become the strongest economy in Asia, citing its 6.4 percent growth in the first half of 2012, the fastest in the region. Growth is being driven by improved exports, it said, noting its resiliency despite the global conditions. A Wall Street Journal supplement, "Asia's Euro Risk: How Will Asia Fare if Europe Cracks?" said that "only four economies – Australia, China, Indonesia, and the Philippines – were projected to weather a European situation, assessing that "the Philippines is better prepared to withstand a downturn with a stronger government balance sheet and a robust domestic economy."

Manila Bulletin 

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