Monday, December 23, 2024
German economy in free fall? Some of possible causes
Looking forward to the future of business
Bankruptcies are on the rise at Germany, hitting mostly small and medium sized firms (10 employees or less
Some possible casues:
1. High energy costs
2. High labor costs $100,000 wage average for German workers
3. Stiff competition from Chinese in automotive sector
4. Low innovation rate and more
The once mighty engine of European economy is facing significant challenges which impacts European economy and probably rest of the world.
Condo crash in the Philippines - overbuilt, overpriced
Looking forward to the future of business
With so many condo towers rising, and same income levels for executives and "middle class", it is very lake that most units are not being sold. Many developers have resorted to rent to own, rental units and resort, air bnb business model
Couple this with POGO ban that has left many rental units vacant Vacancies hover at 30% which can be very bad for some businesses.
What can be done about this problem for developers?
Chinas BYD takes on Tesla, now the new Energy and Automobile king
Looking forward to the future of business
Tesla loses out to BYD with its superior product, technology and low prices (as low as $10,000) per car. Even with 100% tariff BYD (Build your dreams) thei cars are still affordable.
BYD used to be a mere battery maker and supplier for other EVs. Its first foray into automobile industry is with ICE (Internal combustion engine)
This rise (they sold 3M Energy Cars in 2024) means nightmare for US automakers (Ford GM, and Stellantis are barely surviving) VW in Europe. VW is closing plants in Europe which is unprecedented. Toyotas dominance is suspect. Kia is taking on Toyota at fuel cell market.
This means also the shift of access on econ9mic dominance has shifted to the East, ending Western dominance of the car market and even other businesses.
You can not be rich or poor forever. Fortunes change and it does not take long
Tuesday, December 10, 2024
The time is right for entreprenership - Go Negosyo
Looking forward to the future of business
The best time was 10 years ago. The next best time is tomorrow.
This post was espousing this, as serving as Lecturer for the same subject at a GSB. And also while joining the same movement in promoting entrepreneurship. From Zero to One like bosses at Pay Pal - Peter Thiel. From nothing to something.
Thisi decade will see at more $84 trillion of wealth being transferred to heirs in the next decades to come from owners of wealth to heirs. We will see less of entrepreneuership and innovation
This chart shows this to be over$100 trillion
Mt Kanlaon erupts; thousands evacuated
Looking forward to the future of business
Thousands were evacauted as Mt Kanlaon erupts, sending plumes up to 3 km high, and spewing tons of sulfur dioxide.
We are glad we did not push through wiht series of development project (not because of volcano but because of other serious threat from insurgency)
Land is fertile, plenty of gtazeland, dearth of infastructure: opportunities in power, health, housing, agri. But it was a big No because of the threat of a volcanic eruption.
That is the reason why we avoided Tagaytay and Bicol too. Even in Rizal, around Laguna lake, threat of volcano is possible (Laguna Lake is a caldera accordingn to geophysicists)
You can see that Taal is in frequent fits. What if you have multi million project in Tagaytay: a golf course, a condo, a testo? Can you sleep at night (especially if your capital was borrowed?)
Is this decision correct? Is it being ultraconservative.
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