Philippine rebound to be sustained?

Interesting article published in The Edge, Singapore.

The author argues that Philippine's rebound is in fact sustainable and investors should look deeper than the "legions of cynics."  The key points in the argument are as follows:

Positives accumulating -
1. Inflation is falling
2. Country risk premium is falling
3. Economy more resilient to external shocks
4. Govt stability increasing

 Investment deterrents easing-
1. Philippines is one of the highest concentrations of minerals in the world, but restrictive regulations that were deterring investments are gradually being removed
2. Major investment in infrastructure has been announced in the new budget
3. Steps being taken by administration to enhance the investment climate - campaign against corruption, increase in BPO growth.

 However, challenges remain - weak infrastructure, high utility costs, to name a few result in Philippines ranking not too highly in international rankings. However, with good policy making, these can be overcome. Please click on link below for the full article:

Manu Bhaskaran: Can the Philippines’ rebound be sustained?
Monday, 16 July 2012

© 2012 - The Edge Singapore

What are your thoughts?

OceanaGold Philippines mine now fully funded

OceanaGold Philippines mine now fully funded

Philippines poised to join the ranks of World's Tiger Economies

According to international experts, Philippines  has the opportunity to join the ranks of the world’s tiger economies of Japan, South Korea, Singapore and Hong Kong. 

Under the Aquino administration, Philippines is positioned for huge growth-  However, this is not without its challenges. The Philippine boom may continue, but not without further economic reform.   

Ultimately, it is undeniable that with its many strengths, Philippines will become a force to reckon with. Its large population (with its potential to drive growth), the ability of the population to speak english- making it number 2 in the world for Business Processing Outsourcing (BPO) and its vast resources (the world’s fifth richest in natural resources) are natural endowments that can potentially spur the economy to greater heights.

Stay tuned as we continue AMEA’s sustainability series of the Philippines with  - Philippines: The Sustainable Path  - premiering on Channel News Asia on July 19th at 9.30pm . Catch repeats on July 20th at 10:30am, July 21st at 3:30pm and July 22nd at 5:30pm.

Watch how mining, in tandem with sustainable development contributes to the economy’s growth. Keep in the know with sustainability!