The Philippines, an Asian economic tiger?
By ardieboi
@ardieboi (195)
Philippines
October 25, 2012 11:38pm CST
A prediction by International Monetary Fund experts believe that the Philippines would eventually become an Asian economic giant. They have concluded this because foreign investors have been talking about if not have already invested in the Philippines. They believe that it's a god idea to invest their time and money in our country because there is hope of a better future of our country because of our current presidents advocacy, stopping corruption in the government. Moreover, the peace deal between the Moro Islamic Liberation Front and the government are hailed by foreign investors and by international lending companies because it's a great step towards peace and stability in the country.
1 person likes this
19 responses
@Hackerx312 (9)
•
26 Oct 12
nice dear i am also thinking for investment in Philippine but after reading this i must invest now.Thanks for sharing.
@jpso138 (7851)
• Philippines
29 Nov 12
Well, that is certainly a good news for our country and for our people. But I hope that this will materialize. We have so many problems affecting our improvement and the worst of all is corruption. Despite having a new president and high hopes for a change, still corruption is there. It is like a rust that continues to eat up our country making it weak. I do hope someday that this will eradicated and that we will become that tiger one day...
@jkct02 (2874)
• Kota Kinabalu, Malaysia
30 Oct 12
Corruption is always the biggest problem in developing countries. Whist a good and dedicated leader is important to plan and implement the steps needed to bring forward the nation, the people is also needed to do their part to eradicate corruption. If you don't give, no one will be able to receive. I know it is easier to say than do if you are living in an area where under-table money is needed to move things, but something has to start somewhere to change. I hope your president's anti-corruption drive will succeed and keep going.
@Bhebelen14 (5194)
• Philippines
27 Oct 12
That is so promising. I believe that if these programs will be properly implemented and observed by the concern people, we can have bright Philippines in the years to come. I hope the next present would continue this plans for I believe the timeline is not just for the short run but also up to long term terms. The government now should prioritize and put their focus on what is really important. Red tape, corruption should be minimize to its lowest levels, if not totally eradicated would be our best chance to have a road without loopholes towards the economic tiger thing. Good luck to all of us. Nice information there. Thanks
@romzee (937)
• Philippines
26 Oct 12
I am with high hope that this statue will eventually achieve by our nation but I believe not in my lifetime. And how I wish this prediction is not another baloney made up by another friends of Malacanang giving us false hope and illusions of great economic upheaval.
I can't help to be pessimistic because all I see are broken promises and lots of propaganda to cover up their failures. All I can feel are unending rising cost of living and additional burdens to common people like me. Richer becoming richer and poor becoming more poor.
I do hope that Mindanao will finally live in peace and fulfill its destiny as the Land of Promise.
Peace be with you all!
@beamer88 (4259)
• Philippines
26 Oct 12
I think we once were, actually. I mean, if we base it on the Peso exchange rate. Before the '80s, US$1 was less than P10. It was even $1 is to P2 in the 1950s. Then it dipped in the '80s and continued to lessen its strength against the dollar. I know there are lots of factors to consider, but usually our peso's strength somewhat reflects our economic strength. And if decades ago we had such strength, I believe we could again achieve that and turn the IMF prediction into a reality
@Iriene88 (5343)
• Malaysia
26 Oct 12
That is a good news, I am so happy for the people of The Philippines.
I hope this country will grow in its economy and bring more prosperity.
The people of The Philippines are kind and hardworking, God will bless
all of you always. It is the time of harvest
@LetranKnight25 (33121)
• Philippines
26 Oct 12
That remains to be seen, it's all just words and prediction, it should be support with plans with the envision of the President. they say that now but before i didn't hear any of that. besides, there's no final draft yet of this peace agreement, but it seemed majority of the rebels and even some politicians in mindanao favor this one, except witht he likes of nur missuari
@offlimits (596)
• Philippines
26 Oct 12
I have hopes for our country as well. I learned in our Economics with Taxation and Agrarian Reform class that even our Human Development Index (HDI) is stable as well, which means that the Filipino people start to feel the changes and improvements in our economy. I hope that what the IMF predicted is true, that in time we will be able to achieve development in our daily lives as ordinary citizens of our country.
@mrsuniega (786)
• Philippines
26 Oct 12
This is a good news to all of us Filipinos. President Noy is doing a great job for our country. I have read this on Yahoo and a lot of economist say that Philippines will eventually became a tiger of Asia, means our economy will bloom. Cheers to all of us Filipinos.
@reddaylight (16)
•
26 Oct 12
The Philippines , an Asian economic tiger. this is a future that in not impossible to be realized. I feel proud to know that investors are gaining confidence to invest in our country. These advancement that we see will not be possible without cooperation. As a nation we are now stating to re-learn how to trust our government again and a result the morale of the people was given a boost. As result economic advancement our end. I just hope that these progress will continue even if a new president will assume the position.
@Wiltosh (1)
• Thailand
26 Oct 12
The question is how long will the reputation of clean governance can sustain? Everything depends on the current government but what about the next government? Thumbs up on peace initiative taken by the current government!
@Cutie18f (9546)
• Philippines
26 Oct 12
I hope. If we can finally put the right leaders, those who do not have their own personal interest in mind, then and only then can we move the country to higher ground. I hope it happens in this lifetime.
@rog0322 (2829)
• Cagayan De Oro, Philippines
26 Oct 12
Hi,
I hope so. Our place has seen a lot of development lately. We have attracted many foreign investors that land is at a premium already. The latest was the eleven-hectare mega plant of Coca-Cola right at our vicinity, B-Meg and Cargill feedmill plants nearby. If this trend can be duplicated anywhere else in the next five years or so, there's a lot of reason to predict the upcoming trend.
@SIMPLYD (90721)
• Philippines
26 Oct 12
Let's just really hope that PNoy will be able to get rid of corruption so that our country will really prosper specially in its economic area.
I am glad that other countries are already realizing that the Philippines is already becoming popular to other countries, in terms of economic investments.
@ARIES1973 (11426)
• Legaspi, Philippines
26 Oct 12
That is a good thing to look forward to. I really hope this thing happens. But we should also do our part in order to achieve this thing.
