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AsiaBusinessConnect
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Philippines
AsiaBusinessConnect   8/21/2017 3:39:47 PM
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Great post, thanks for sharing. I think there is a lot of room for growth indeed in the coming years.

maou_villaflores
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re:
maou_villaflores   9/27/2011 9:18:47 AM
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In past decades the Philippines focused too much in manufacturing but after the first recession this souteast asian nation already learned their lesson. Right now the focus more in the business process outsourcing - callcenters and software development. Although there's a big threat when it comes manufacturing from another episode of global recession I think the Philippines is more stronger now since the BPO is the leading industry in their country.

Jay_Bond
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re:
Jay_Bond   9/26/2011 8:12:59 AM
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Having 60% of the Philippines exports being electronics is extremely dangerous to keep the economy running. With the global economic crisis resulting in lower spending in certain items, particularly electronics, the Philippines needs to look at some alternatives and not rely on the global recovery. It would appear that the Philippines has the means to become a significant player in the electronics business, which is rather good considering they are competing directly with all the other Asian countries with cheaper labor.

When the recovery takes place, it looks like the Philippines will be in good shape if they continue to grow as exporters, but relying on too much exporting in one particular segment is a dangerous game to play.

Anna young
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Re: Not a good mix
Anna young   9/24/2011 8:51:51 PM
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@ Flyingscot, I agree. A balanced strategy is required to help ride the storm.

Kunmi
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Re: The Philippines
Kunmi   9/24/2011 10:37:57 AM
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The world economic crisis posed a big challenge to many countries including Phillipines. Down the road, when recovery begin to set in, Phillipines may pick up in electronics and become a center of attraction for manufacturers and supply chain. The only challlenge will be the competitors in the neighbourhood like Indonesia and India.

Marc Herman
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Re: Not a good mix
Marc Herman   9/23/2011 10:55:59 AM
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I was also struck by the drastic reliance on one industry. Though I suppose we see that in other countries and in other sectors particularly dependent on international conditions, say tourism. It's usually pretty disasterous in bad years, as you point out. And in such a large country, more so. It's a huge bet they've made there.

I was in Manilla a little less than a year ago, and was struck by how many of the electronics deals were mid-level retail. I don't know what that represents percentage-wise, compared to big ticket, industrial items, like switching equipment, etc. I'm sure they're looking at work for telcos and infrastructure-scale electronics and adding those numbers to the retail, pc and mobile phone market. I'd love to know how that 60 percent figure breaks down. If it's all or mostly retail, they're really playing a high stakes game.

FLYINGSCOT
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Not a good mix
FLYINGSCOT   9/23/2011 10:44:17 AM
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60% reliant on electronics for exports.  40% consumption is high ticket item electronics.  The govt needs to look at these stats and try come up with a more balanced strategy to better ride the storm.

tirlapur
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Supply Network Guru
Re: The Philippines
tirlapur   9/23/2011 2:15:14 AM
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But it will have to overcome fierce competitions from its Asian neighbours.

@Hospice_Houngbo I agree with you. There is lot of competition among Asian countries. Countries like India, Vietnam, Indonesia etc are all offering favourable destianation to investors. The only major challenge most of the asian countries currently face is Inflation which is increasing the manufacturing cost. The country which handles inflation successfully will surge ahead of other nations.



tirlapur
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Supply Network Guru
Re : Country Watch: Philippines Poised for Recovery
tirlapur   9/23/2011 1:55:41 AM
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The unresolved EU crisis, hinging on Greece’s likely debt default, has reached all the way to Asia

@Marc, this is really scary indeed. Euro has already corrected significantly against dollor. Experts are predicting euro might even retest its 2008 lows. Do you think these events will impact China and India also or is the impact limited to Philippines and Indonesia ?

Anna young
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Poised for recovery
Anna young   9/22/2011 9:23:17 PM
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"The Phillippines is well positioned for a recovery whenever it comes"

Marc, your article spelt a clear hope for electronics market in the Phillippines once the global financial crisis ebbs. It's surprising - "60 percent of the country's export economy comes from electronics". I hope recovery happens quicker for the Phillippines.

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