Displaying items by tag: Business

PH economy seen facing risk of overheating

By: Ben O. de Vera - Reporter / @bendeveraINQPhilippine Daily Inquirer 

 


Singapore’s biggest bank has warned that amid robust growth, the Philippine economy is at risk of overheating.

In a report last week, DBS Ltd. said it expected the Philippines’ macro fundamentals “to remain strong, with infrastructure at the forefront of growth.”

“While growth is unlikely to surprise on the upside, progress from tax reform, infrastructure spending and a potential delay in interest rate hikes should keep sentiment positive in the market,” DBS said.


Also, DBS said that “with all eyes now set on the Philippines and how it is progressing under the Duterte administration, it is timely to look at potential growth pockets and bright spots that investors can delve into given the country’s infrastructure-driven economy.”

According to DBS, the plan to ramp up infrastructure spending will augur well for economic growth in the long-term.

Earlier qualms about political risks “should be less of a focus now as economic reforms have been rolled out,” DBS added.

However, DBS warned that “the Philippine economy is displaying early signs of overheating.”

“GDP [gross domestic product] growth has been running at close to 7 percent year-on-year for the past year. Headline CPI [consumer price index] inflation has been above 3 percent year-on-year since February, up from sub-2-percent levels a year ago. Investment growth is very strong; gross fixed capital formation expanded by more than 20 percent year-on-year in 2016,” DBS noted.

“Hence, there is a case for the [Bangko Sentral ng Pilipinas] to tighten monetary policy in the coming months. The BSP has, however, refrained from lifting the policy rate. Philippine peso-market interest rates have responded by drifting higher over the past year, in contrast to flat to lower rates in many other Asian economies,” according to DBS.

“Clearly, Philippine government bonds have underperformed their Asian peers over the past few months. The carry environment has, so far, helped to contain the upside in Philippine government yields. Even so, there is a need to guard against complacency. Philippine government yields can become more volatile when monetary policy starts to address overheating risks,” the bank said.

 

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Kapatid for Marawi

NEGOSYO KAPATID: Angat Lahat By Joey Concepcion (The Philippine Star)

Saguiran Mayor Macmod Muti and Go Negosyo volunteer Joseph Castillo led the distribution of goods to all evacuees.
In this time of distress in our country caused by the recent acts of terror and violence in Marawi, we should all be one in praying that all these will be over. Marawi is the most populated city in ARMM region with more than 200,000 people including children and I do not think they deserve the danger they are experiencing for more than two weeks already.

To be able to share some hope and blessings, Go Negosyo decided to start a call for donations from our Kapatids who are all always ready to give and be part of a bigger solution.

After hearing the reports on Marawi and how our Maranao brothers needed assistance, we all sprung into action. Together with our Go Negosyo coordinator Ginggay Hontiveros, we called for the support of the big brothers. We launched the project: #KapatidForMarawi.

Numerous donations came from the following big brothers: RFM Corp., LBC led by Santi Araneta, Asia Brewery of Mike Tan, LandRover Club, SM Foundation led by Tessie Sy-Coson, Century Pacific of Chris Po, SL Agritech led by Henry Lim Bon Liong, and CDO Foodsphere of Corazon Dayro-Ong.

Medicines, pasta, milk and juices, water, canned goods, rice, and other essentials were donated by our Kapatids. Additionally, there are mats, blankets, and some clothes that are ready for distribution.

George Barcelon and Rex Daryanani led the participation of the Philippine Chamber of Commerce and Industry and Federation of the Indian Chamber of Commerce and Industry respectively to the project.

 

 

Members of the recently launched Alliance Towards Prosperity for All such as Management Association of the Philippines, Financial Executives of the Philippines, Bankers Association of the Philippines, Makati Business Club, and others are all supportive of the Kapatid For Marawi initiative as well.

The distribution and transportation of products would have not been possible without the help of Joseph Castillo, Corporal Maglaum PA, Asec. Shalimar Candao, Operation Blessing, Angel Brigade, 4th ID Army Brigade Commander Major General Madrigal, COS Col. Andres Centino, CDO Mayor Oscar Moreno, Office of the CDO City Engineer and Paul Dominguez.

When our volunteer Joseph Castillo met some of our soldiers, he also handed some water and canned goods. I’m sure that this is just a temporary relief to our brave men but we hope this can give them additional strength.

These efforts of Go Negosyo Kapatids are part of our mission to bring prosperity alongside with our hopes of peace and harmony in Marawi City. Like our program Negosyo Para sa Kapayapaan sa Sulu, we aim to help areas experiencing extreme poverty and conflict scale up through the development programs in each area.

We are one with the government in its mission to eradicate terrorism in the country. As one nation, we should unite in supporting our soldiers, policemen, and local government units in their fight against the Maute group. We cannot progress if we are facing such issues. Without peace, there is no prosperity. We cannot start any development if the area we wish to change is troubled with armed groups.

The President and his team will surely do their best to eradicate this threat in the country. We pray for comfort to the people of Marawi. May they find relief with the goods we have sent.

For interested donors to the #KapatidForMarawi, you may get in touch with Go Negosyo coordinator Ginggay Hontiveros at 0908 898 0428 / 0917 524 9957 or Gelle Jimena 0917 312 7984 or 0999 887 9276.

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Elon Musk's Ex-Wife on What She Learned Living With an Extreme Entrepreneurial Success

CATHERINE CLIFFORD-Senior Entrepreneurship Writer at CNBC/www.entrepreneur.com
 
 

Insanity and godlike genetics. Those are the qualities needed to achieve extreme success, à la Bill Gates, Richard Branson, Steve Jobs or Elon Musk.

That’s according to the intimate perspective of Justine Musk, who was, of course, Elon’s wife.

Elon Musk is a co-founder of online payment processing system PayPal, the founder and CEO of both spacecraft company SpaceX and electric vehicle manufacturing company Tesla Motors and the chairman of solar power company SolarCity. He is, categorically, a super success.

Those who have achieved “extreme success,” says Justine, who divorced Elon in 2008, live differently than most others. “These people tend to be freaks and misfits who were forced to experience the world in an unusually challenging way,” she writes in response to a question on the user-generated response platform Quora. “They don't think the way other people think. They see things from angles that unlock new ideas and insights. Other people consider them to be somewhat insane.”

 

Justine met Elon as students at Queen’s University in Kingston, Ontario, and married in 2000. They lost their first child to sudden infant death syndrome and then went on to have a set of twins and a set of triplets -- all boys.

As her husband achieved astronomical success, Justine, who is a writer, watched herself slowly take a back seat to his work. She watched herself become a trophy wife, she revealed in Marie Claire in 2010.

Marital woes aside, Justine walked away with a courtside view of success that many don’t get to see. One of her key takeaways is that you shouldn’t pursue something simply because you want to become great. “Pursue something because it fascinates you, because the pursuit itself engages and compels you. Extreme people combine brilliance and talent with an *insane* work ethic, so if the work itself doesn't drive you, you will burn out or fall by the wayside or your extreme competitors will crush you and make you cry.”

 

Once you have found a topic that compels you, then find a problem. And in your obsessive pursuit to solve that problem, don’t expect to have role models. You will be forging your own path, she says.

Forging that path is not all mental; taking care of your body is key. “It helps to have superhuman energy and stamina. If you are not blessed with godlike genetics, then make it a point to get into the best shape possible,” says Justine. “Keep your body sharp to keep your mind sharp. It pays off.”

Six weeks after after they separated, Elon texted Justine to let her know that he was now engaged to be married to a young, British actress named Talulah Riley. He and Riley would go on to divorce, remarry, and divorce again.  

While insanity and superhuman levels of energy are required to achieve extreme levels of success, wisdom in the world of love is, apparently, not.  

 

 

 
 
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