Philippines - a great place to do business

Looking forward to the future of business

Let us do business in the Philippines.  A great place to do business:

1.  Strategically located in South East Asia along sea routes.

2.  Excellent port facilities

3   Large growing population (Japan, Korea have aging population)  - easy sourcing of HR

4.  Meaning it has large domestic place

5.  Nice beaches and resorts

6.  Nice resorts and casino hotels

7.  Robust economic growth among Asean countries. (and even vs China)

8.  Plenty of arable land (80% still unutilized vs say Singapore only 1% available agrii land)

No longer sick man of Asia.  Just a growing economy.  Not a tiger or leopard

How Chavez and successor are destroying the Venezuelan economy?

 
 Consumers waiting for appliances at fire sale prices

Latest development:   The National Assembly granted Maduro the power to issue decrees.  Allegedly to curtail the capitalist abuses.  God bless Venenzuela

I just watched the  GPS and there were news that Venenzuelan govt nationalized electronics store Daka and is selling goods at fire sale.  The govt under its former dictator and successor Nikolas Maduro has done the following:

1.  Nationalized businesses;

2.  Subsidy for everything:  fuel, housing, health care;

3.  Devaluation

4. Hyper inflation.

5.  Dictatorship.

GPS says that those 5 things are sure way to bring Venenzuela to economic ruins.  The country is sure to run out of cash, and may even run out of money to pay for the paper it prints its money on.

The day Venenzuela is fully nationalized

From ABC five ways the Venenzuelan govt is destroying its economy


                     
                     

Japan's economy in bad shape?

Ateneo Professor on Entrepreneurship

Repost from About.com | August 28, 2013

 


Despite our impression that the Japan's economic juggernaut is still on the move (what with the Toyota, Mitsubishi, National, Fuji, Nissan, JVC and more dominating their markets) Japan's economy is in bad shape even before the the 2011 tsunami disaster and Fukushima nuclear power plant problems, economic problems have hobbled Japan since 2008. I got a hint of this when IMF chief in a BBC interview said that Japan is a challenge to them.

I used to admire and absorb all things that are Japanese - management, manufacturing methods, quality etc.

Japan's debt to GDP ratio is 182% (nearly twice) which more than the US.  Unlike US which has dealt agressively with its economic woes (like the QE), Japan is not.

Some economic data on Japan:

1.  Japan's economy shrank .11% in 2011 due to decline in manufacturing output due to lesser electricity generation due to Fukushima problem;

2.  The bank of Japan bought US bonds heavily to make yen competitive, hence the high debt to GDP ratio;

3.  Japan just emerged from a 20 year period of deflation and recession;

4. It has aging population;

5. It is challenged by rising commodity prices:  it has to import much of its food and fuel resources;

Above all, Japan is behind now in entrepreneurship.

Japan as the 4th largest world economy is important to rest of Asian countries as it provides many jobs.  It establishes plants and supply chain for its manufacturing sector for the car and electronics.  And there is the competition from China.

Do you agree with the statement that Japan's economy (and finances) is in trouble?

What could the Japanese government do to reverse the situation?

Is entrepreneurship really a problem in Japan?

So Japayukis and those working for Japanese companies, this not the time to be complacent.  Japan's economy is not so sound as we think it is


                         

[Breaking] Unemployment will hit 50%

Are this true?

This is the equivalent of economic end of the world for the world's greatest economy?

How can this be reversed?

Is there hope?

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Date: Thu, Dec 20, 2012 at 2:25 AM
Subject: [Breaking] Unemployment will hit 50%

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Korean Economy and its Future -Keynote Address by CEO of KB group Yoon-Dae Euh

The speaker is from AIM and is familiar with Philippines.  And yes, as is usual, those who study in the Philippines have done very well in their respective countries. They have been great leaders!

                                         Dr. Tony del Carmen with the Keynote Speaker

The goal for Korean business leader is to bring Korea to $30t gdp per capita from its present level of $20t.  Korea will now join the ranks of nation that will reach $ltrillion in trade.  Twenty years ago, Kore and Philippines are at parity.  Today, Phil gdp per capita is l/20th that of Korea.

Current situation of Korea now (where is it now)
l.  Has global brands (Samsung LG which are mistaken to be Japanese)
2.  International sports stars especially in golf.
3.  International pop star groups,
4.  Hosting the G20 conference.
5.  On the way to l trillion dollar in trade.
6.  Tops in the ff:  shipbuilding (5l.5% of the market #l - Samsung), LCD (44.l% of the market #l,. Semiconductor 11.3% #2 Hyundai is now No 5 in car manufacturing.

What brought Korea there:?
l.  Korea is into many strategic industries to take advantage of opportunities;


2, Role of chaebol
3.  Open to international markets/exports
4.  Huge investments in education even higher than that of Japan

CHALLENGES FOR KOREA:

l.  Declining growth
2.  Ageing population (low birth rate; Korean women dont like to marry bear children)
3.  Korean unification.  It is desired for additional workforce, but Korea does not have enough money.

HOW TO ADDRESS THIS:
 l.  Strong governance
2.  Entrepreneurship
3.  Communication (speaking English)

                                                     Images from Korea:  The Old and the New