Read more: http://www.marketwatch.com/special-reports/new-tigers
Southeast Asia's two most populous nations are well placed to lead the region’s growth for several years to come, as traditional Asian heavyweights China and India lose some momentum.
Read more: http://www.marketwatch.com/special-reports/new-tigers
MANILA, Philippines – Experts from Japan have kicked off a two-day seminar with government agencies including the Department of Public Works and Highways (DPWH) to share their Intelligent Transport System (ITS) that could provide a solution to the traffic congestion in Metro Manila.
DPWH Secretary Rogelio L. Singson said in a statement Tuesday that “this seminar is a great opportunity to learn and analyze various ITS project and technologies of Japan across Asia and Brazil in South America and identify the most adaptable solution to the snarling traffic in the Philippines that has become a perennial problem.”
“The seminar is part of the Japan International Cooperation Agency’s (JICA’s) extended technical assistance for the Philippines’ Mega Manila Region Highway Network Intelligent Transport Systems (ITS) Integration Project,” Singson said.
A JICA study team, the DPWH, and the Metropolitan Manila Development Authority (MMDA) are working together to craft a master plan to solve traffic congestion and improve the traffic safety and environment in the National Capital Region.
Several systems have already been put in place in the Philippines such as the embedded detectors in pavements that will monitor actual vehicle flow and adjust the traffic lights accordingly. This SMART (State-of-the-Art Metro Manila Adaptive Responsive Traffic) System was first used in Cebu and is being implemented also along the Manila North Road, Gutierrez said.
Singson said that they want to learn more about Japan different ITSs used in different countries. “We need to use the most appropriate technology for the Philippines because what is applicable in other countries may not be applicable for us,” he added.
The seminar, which will be held on September 25-26, was described by Singson as “a glint of hope for the commuting public.”
Original article here: http://newsinfo.inquirer.net/277280/japanese-experts-share-strategy-to-solve-metro-manila-traffic
MANILA, Philippines - In this edition of Talk Thursday, Rappler talks to Ayala Corporation Chairman and CEO Jaime Augusto Zobel de Ayala.
Ayala is also Chairman of Globe Telecom, Inc., Bank of the Philippines Islands and Integrated Micro-Electronics, Inc.; Vice-Chairman of Ayala Land, Inc. and Manila Water Company, Inc.; Co-Vice Chairman of Mermac, Inc., and Ayala Foundation, Inc.; and Director of BPI PHILAM Life Assurance Corporation, Ayala International Pte. Ltd and Ayala Hotels Inc.
Jaime is a member of the Mitsubishi Corporation International Advisory Committee, JP Morgan International Council, and Toshiba International Advisory Group. He is a Philippine Representative to the Asia Pacific Economic Council. He is also Chairman of the Harvard Business School Asia-Pacific Advisory Board; Vice Chairman of the Asia Business Council; Member of the Harvard University Asia Center Advisory Committee; Member of the Board of Trustees of the Singapore Management University, and Asian Institute of Management; Member of the Asia Society and the International Business Council of the World Economic Forum; Chairman of the World Wildlife Fund Philippine Advisory Council; Vice Chairman of the Asia Society Philippines Foundation, Inc.; Co-Vice Chair of the Makati Business Club; and Member of the Board of Trustees of the Children’s Hour Philippines, Inc. Jaime holds a B.A. degree in Economics (cum laude) and an MBA from Harvard Business School.- Rappler.com
Original article here: http://www.rappler.com/video/talkthursday/12718-talkthursday-jaza-brave-new-philippines
Foreign investment firm setting up shop in Manila
The Philippines is one of the current “darlings” of global investors seeking better returns in emerging market economies and offers even bigger potential returns in the future, according to a ranking official of foreign investment firm Religare Capital Markets Ltd.
The company, which specializes in equities investments in India and the Asean region, has decided to set up operations in the country within the year to better take advantage of the nascent Philippine economic boom.
“The Philippines is a market where people want to put money into,” Religare’s global head of equity capital markets John Sturmey said in an interview with the Inquirer. “The story here is certainly better than how it was a few years ago. Everyone is saying good things about the Philippines.”
BRUNEI | "The Philippines now tagged with fresh opportunities in Asia, boosting and high grades gold mining, boosting of oil and gas exploration, good political leader, revived confidence from global investors and now named to be Asia’s next tiger economy, potentially regaining the glory lost decades ago." - Dato Timothy Ong
The Philippines has a most unique economy in the world which is highly dependent on domestic consumption that drives their economy that could be hardly hit for any possible global economic recession. Inspite of rich resources, Philippines did not rely on exports to drive a better and fast forward economy.
The Philippines now tagged with fresh opportunities in Asia, boosting and high grades gold mining, boosting of oil and gas exploration, good political leader, revived confidence from global investors and now named as to be Asia’s next tiger economy, potentially regaining the glory lost decades ago, according to a visiting regional business leader from Brunei.
"The business environment here is getting better. At first, only few Japanese companies had interest but now, many of them have interest to invest in the Philippines," - Takashi Ishigami
Some 300 Japanese manufacturing companies operating in China and Japan have expressed interest to relocate their businesses in the Philippines in the next five years.
Takashi Ishigami, president of the Japanese Chamber of Commerce and Industry of the Philippines Inc., said that some of the firms had already started moving their operations here last year, viewing the Philippines as a very competitive country. "We have now many inquiries from Japanese firms. There are already 1,700 Japanese companies located here. And we will have more; it can increase by 200 to 300 easily," he said.
By Enda Curran and Almar Latour
"The admission that the Philippines is looking to Singapore, one of Asia’s most important financial hubs, shows the depth of ambition gripping Manila as the global power balance continues its shift towards Asia."
SYDNEY–The Philippine government is drawing inspiration from Lee Kuan Yew, the founder of modern Singapore as it seeks a path to prosperity and a developed economy, Finance Secretary Cesar Purisima said Thursday.
The admission that the Philippines is looking to Singapore, one of Asia’s most important financial hubs, shows the depth of ambition gripping Manila as the global power balance continues its shift towards Asia.
In an interview here during a trip to drum up support from Australian investors, Mr. Purisima said the development of the city state of Singapore into one of Asia’s most important financial and transport centers in recent decades is a model.