PH is now Asia's strongest-performing economy, says expert

[Joseph20102011]

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global interaction is indeed necessary, but lets take it gradually.

Well, we should start with scrapping the protectionist economic provisions of the 1987 constitution and allow 100% FDI at all economic sectors as a much as possible like Poland and Chile did to jump start our economy.

[KlaytoN]

I'm learning from you guys! Keep it up!

[KlaytoN]

Because history will tell us that there were glimpses of light in the Philippine economy, only to be snuffed out by the promise of greener pastures of other South East Asian neighbors. That is one of the reasons why nations like Vietnam, Thailand, Indonesia and Malaysia have "usurped" their way into being dominant FDI beneficiaries in the region. But, you can always hope and pray that we can "conservatively" gain while keeping blatantly protectionist policies in the constitution--like we've always had, for the past several decades.

Also, Philippines, Malaysia, Thailand and Indonesia all joined the WTO during its creation. Yet you see very contrasting economies. Using China as a relative to the Philippines isn't even fair.

In other words brad you were saying, in every baby steps the Philippine economy is advancing, our south east asian neighbors are already going in leaps and bounds! Sakto ba ko?

[makie]

I've read some posts saying that ngano among the strongest performing economy man pero walay kalambuan sa kinabuhi sa mga tao? Well, a good performing economy doesn't necessarily mean that everybody or at least the majority of the people are having good lives.

Here's the logic: Most people put their money in savings accounts that give only 1% (at most) growth per year and the standing inflation rate is 3%. So how could people's lives get better when in fact their "savings" are not really growing at all and in fact are decreasing at a rate of 2% per year?

The stock market (PSE), one of the barometers of economic performance, is doing well. There is a huge inflow of cash coming from foreign firms (thanks to the struggling economies of Europe and the Americas). But with it, statistics show that there's only a little over 500,000 stock trading accounts which accounts to more or less 0.5% of the whole Filipino population. The PSE has an average historical growth of 17% per year which leads savings accounts (1%) and other bank accounts as well as fixed income securities (around 5% on average).

In other countries, people line up to buy shares of stocks of companies, in the Philippines, people line up to buy lotto tickets. Apparently, there's significantly something wrong with the financial IQs of most Filipinos hence keeping them from moving forward with the economy.

[bravoONE]

This "expert" is a big fail. In the same article, it says China at 8.1 percent growth is the best performing economy. But then the title says the Philippines is the strongest performing economy in Asia. Last I checked both China and the Philippines are in Asia. If China has growth of 8.1 percent and the Philippines has growth of 6.4 percent how did this expert conclude that we are the best performing economy in Asia? Maybe he meant best improved economy.

thats why i don't believe in everything the media tells me.. all crap and nonsense

[jack_bauer]

thats why i don't believe in everything the media tells me.. all crap and nonsense

bro, in economics.. being number 1 is not an assurance that you are the strongest..

USA is number 1 in worlwide economy but its economy is not the strongest in terms of performance..

ayaw sd kaayo 2o sa mga suheto dri bro.. basin na sipyat sd na sila..

[jack_bauer]

Phl makes Top 10 list of fastest growing economies - The Philippine Star » News » Headlines

The Philippines, which is batting for a six to seven percent growth rate this year, is off to a good start when it posted 6.4 percent expansion in the first quarter, the third fastest in the region next only to China and Sri Lanka.

Second quarter growth figures will be released by Aug. 31 and officials are hoping it would exceed the first quarter result.

The Aquino administration has targeted a growth of up to 8.5 percent at the end of its term by 2016.

[bad_juju]

- Oh cge, asa naman to mga cge reklamo diha og atat kayo molambo DAYON ato nasod??Asa naman to gipanghambog ni GLORIAng PANDAK nga mas lambo daw ato Economy sauna sa iya Administration?Puro raman to istorya iyaha walay katinud-anan.. kini mao ni proof ni PNOY.. atleast naa gyud siya gibuhat! Hulat-hulat lng mo kay di baya lalim ang naagian sa ato nasod ay 9 years gi kurakot ni pandak og dako problma baya iya gibilin og dili sad lalim mahimo presidente sa inaani pa jud sitwasyon sa kadaghan problma! step by step lng tayo mga pre sa tuwid na daan..! kay sa karon ang mga buhaya sa kamara ma kontrol na di na mag cge hal-hal para mangayo suhol sa ato president.

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lawgawa aning comment......pero it is true ha naay sense iyang mga words....

ngeeee.. nagopya ra bya si pnoy ni gloria..

[jack_bauer]

ngeeee.. nagopya ra bya si pnoy ni gloria..

xiempre bro, estudyante baya c abnoy ni GMA... kaw jedd...

[amingb]

Sa panahon ni GMA ug mo ingon si saka ang economy dayon ug batikos sa mga anti nga wala na feel sa masa .... si Pnoy mismo ning ingon ana ...

Karon si Pnoy ning saka daw ang economy unya na feel sa Masa ?