Our World                                                                                                  Wednesday, June...
Wednesday, June 15, 2011                                                                                                  ...
Distributed by USA TODAY                                                                                                  ...
Monday, June 20, 2011                                                                                                     ...
Distributed by USA TODAY                                                                                                  ...
Open for Business in the Philippines
Open for Business in the Philippines
Open for Business in the Philippines
Open for Business in the Philippines
Open for Business in the Philippines
Open for Business in the Philippines
Open for Business in the Philippines
Open for Business in the Philippines
Open for Business in the Philippines
Open for Business in the Philippines
Open for Business in the Philippines
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Open for Business in the Philippines

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The Philippines

Open For Business

Supplement to USA Today

Wednesday June 15, 2011

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  • We have a great opportunity for anyone who wants it fast. We are selling extremely cheap because in 8 months we made enough money that I can get my wife back to america. We have to sell by april that is why this is all so inexpensive. we are selling our whole estate. EVERYTHING. Talk about the Filipino dream, this is it baby and the only one you will find online. Not 1, Not 2 But 3 sources of income with readily potential for 4 or more we just have not expanded it to that yet. Everything is brand new and up to date. There is a grocery store, A disco bar a coconut farm and a house included in this sale, PLUS all of our american household items some of them you will NOT find in the philippines. To be honest these items alone if sold to all these people asking for them could bring you in over 500,000 almost instantly. If you dont want everything you can sell things that you dont want right in the grocery store, when we first decided to go back to the states we put everything up there and WOW things started going really fast. Ok the coconut farm is harvested every 3 months, the grocery store is 80 sq meters and has a sales revenue of 160,000 a month the disco bar does about 10,000 to 12,000 a month, there is a brand new grill for an extra source of income, when we fire that thing up all the people smell the foods cooking and come running. And we are selling our 2008 Kawasaki Motorbike with everything. So for 1 low price you get an existing profitable coconut farm, a grocery store with current and loyal customers, a disco bar with all the laser lights and led lights 2 15 inch and 2 12 inch speakers, the videoke player and all the dvds youll need, there is also a touchscreen laptop bought in the states that has tons of music and music videos on it. Now under the store is a complete 1 bedroom house with kitchen living room and CR. In the house is all brand new wiring, heck the building is brand new completely. Inside the house is also brand new refridge, oven stovetop in 1 with 3 stovetop burners, 2.5 HP aircon installed but not used, microwave, toaster oven, 2 coffee makers, 3 or 4 DVD players, a 70 inch TV yes I said 70 INCH that is damn close to 2 meters of television, there is also a brand new 45 inch flatscreen. I have so many electric and regular tools you could literally start a construction business. over 200,000 pesos worth of just tools. Pots Pans heated mini inside grill from america and there are 3 of them a meat grill, a sandwich grill and a waffle iron grill. All the american equipment is already supported by the electric converter so you never have to worry about blowing things up, Plus there is a digital electric voltmeter in the tools so you can always gauge your electric usage for the american items. The building sits on the lot so that 60 percent of the lot is open for development, and inquiries have been made that people want to rent that space. You are the only disco bar and grocery store in our barangay, the sari sari traffic alone could make you a billionaire. This is a great opportunity for someone and if we dont sell by april we will just keep it all. Talk about lifestyles of the rich and famous this is it bro as good as it can get for poor folks like us. If not for my wifes family stealing from us and scamming us out of 400,000 pesos, we would not be leaving. But I just do not want to be near them, or around them and I want to take my wife back where she is appreciated. We never had anyone steal from us and her until her parents did. That is sad, Lets be happy the Filipino Culture is not based on their actions alone. So there you have it we were gonna make a life here and her family ruined it all so now we can go ahead and let some other lucky couple have the life they always dreamed of. Hope you are interested, If you are not We could set up a commission if you can help us sell it, Like a realtor broker, the more you get for us the more you will make. Good Luck My email is knlgfx@yahoo.com email me with any questions or comments, once we are comfortable with you I can give you our cell numbers.
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  • Wendell Bravo god creation the wonders of the earth (3:16 god gave it begotten son that who ever believe in son of god jesus christ will have the everlasting life) game begin>>>>>>>the garden of eden the devil/satan/tabernacle union of sun and moon zeus (the woman)(strength)>>>>adan and eve/cain and abel<<<<<<<<<<<<<<got the game <<<<<<<<<<<<<21st century information technoly the future beyond this .amen.
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  • ‎'NO TO MINING IN PALAWAN, and other Key Biodiversity Areas (KBAs), Island Ecosystems, Natural Forests and Agricultural Lands.'
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  • Write a comment...www.no2mininginpalawan.com
    and VOTE to stop large-scale
    open-pit mining in PALAWAN
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Open for Business in the Philippines

  1. 1. Our World Wednesday, June 15, 2011 THE PHILIPPINES Open for business This supplement to USA TODAY was produced by United World Ltd.: Suite 179, 34 Buckingham Palace Road - London SW1W 0RH - Tel: 44 20 7409 3106 - ourworld@unitedworld-usa.com - www.unitedworld-usa.com he May 2010 presi- would like to project openness, ing renewed attention in an ef-T dential election in the Philippines her- alded a new govern- ment, representinga new direction and a renewedsense of hope for this resilient na-tion of warm smiles and opti- approachability and be some- one people can relate to. The people of the nation are like the customers and the gov- ernment is here to serve,” he explains. Backed by positive GDP fort to increase food self-suffi- ciency and relieve poverty in the archipelago’s rural areas. The state-owned Land Bank, for example, is im- plementing the Depart- ment of Social Welfaremism. growth (2010 saw a 7.3% rise – and Development’s Benigno Aquino III’s re- the fastest pace since the mid- conditional cashsounding victory was the first 1970s – and forecasts for the transfer (CCT) pro-strong sign of support for the current year hover between 5- gram, from whichcandidate who hails from a fam- 6%), President Aquino is por- some 1 millionily of well-loved politicians that traying a bolstered image of the people currentlyhave followed the line of ‘peo- Philippines to the world, and benefit. In 2010,ple power’ and opposed mar- the world is watching and lis- the governmenttial law. His record-breaking tening. New investment laws budgeted overmargin of over 5 million votes offer better guarantees, yet are $231 million foralso suggests that the country is balanced by the government’s the CCT program,on track for a period of political focus on sustainable develop- a figure that is ex-stability, a fact not gone unno- ment in all areas, especially pected to moreticed by the international busi- where natural resources are than double by theness community; the elections concerned. This improved end of this year.were soon followed by a spike in business climate is crucial in The Philippines isinvestor confidence. the government’s plans to har- relying on public-pri- President Aquino is holding ness the power of the private vate-partnerships in or-true to his campaign platform of sector through partnerships to der to improve its“no corruption, no poverty” . address needs that the state infrastructure with a view “As the son of two people who budget cannot cover on its own. to become a regional logis-dedicated their lives for democ- “The country’s message over- tics hub. Better roads, bridges, A long-timeracy, I intend to use what I’ve electricity networks, etc. will ally of the U.S.,learned from my parents in lead- also enable the tourism indus- the Philippines ising our country towards try to grow. In a tidy spider embarking on an ag-progress,” says President web of interconnections, gressive growth strategyAquino. “I am deter- tourism is also expect- and warmly welcomes partner-mined to govern with ed to grow thanks to ships with the private sectortransparency and ac- the country’s bur-countability, and to geoning casinos andshow our peoplethat through sim-ple and practicalmeans, we can ef- integrated resorts, which in turn are paying into the government’s so- ‘Pacquing’ a punchfect change.” cial development Boxing champ Manny Pacquiao turned to politics to better serve his fellow countrymen His administra- programs.tion is also tackling “We’ve stream- The nation looks to Emmanuel earning an income. “We edu- ment to improve education, hethe Millennium De- lined business regis- “Manny” Pacquiao as a national cate them on how to get the has also stressed how attract-velopment Goals tration, improved hero, a sports god, and an in- most from their talents, and ing private investors can play a(MDGs) head-on and power supply, institut- spiration because he went from help them learn the required major part in improving thethe President believes ed reforms and issued nothing to becoming a con- skill sets for a particular job,” he country.greater transparency goes policies to fight corruption, gressman in the international says. “I’m also starting a free ed- “I want people to understandhand-in-hand with poverty al- and established closer coordi- arena and an ambassador for ucation program for children I am a businessman, who hasleviation. nation between the national the Philippines. whose families cannot afford imported a billion dollar box- “Our battle cry during the and local governments He has been named “one to send them to school, because ing industry to the Philippines,”campaign was: ‘Kung walang seas is that the Philippines is to improve the in- of the most influential if not, who will help them?” he says. “As a congressman, onecorrupt, walang mahirap.’ It sim- once again open for business as vestment climate, people today in the He is working alongside Pres- of my many goals is to create op-ply means that we’ll work to sig- a responsible and dynamic even in the world,” and num- ident Aquino to improve and portunities beyond boxing fornificantly reduce poverty and member of the community of countryside. ber one pound- develop Sarangani, and so far, my fellow Filipinos by helpingcorruption during my term,” he nations,” says President Aquino. We now have for- p ound the President has been very to bring billions more in otherexplains. Mr. Coloma agrees: “It is a land a govern- boxing cham- helpful and is likely to support industries and commerce.” The new administration has of opportunity, wealth and ment that is pion of the all of Mr. Pacquiao’s projects. Mr. Pacquiao believes thealready taken immediate steps competent and professional sincere and is w o r l d . Also the vice-chairman of the Philippines can achieve eco-to make the government more people who can grow busi- determined Nonetheless, House Committee on nomic development if thetransparent and the “Zero-Based nesses.” to pursue its one of Mr. Pac- Youth and Sports, government would fo-Budgeting” approach has been The President’s economic commitment to quiao’s main Mr. Pacquiao cus more on im-implemented to oblige all gov- plan for his six-year term re- move forward goals at the end of plans to align proving securityernment agencies to justify their volves around eight key areas, in broad daylight, the day is helping the the sports pro- and stability toprojected expenses in order to open as prime investment op- where everything it does poor and his fellow Filipinos gram to pro- keep people safelimit their spending to the ab- portunities: agro-industry, busi- and how it does things will be as congressman for the mote not only and encouragesolute minimum. ness process outsourcing clear, honest and transparent,” Sarangani region in Mindanao. boxing, but all people to invest. Herminio Coloma Jr., Secre- (BPO) and information tech- says President Aquino. Mr. Pacquiao is very pas- sports to help He knows that thetary of the Presidential Com- nology (IT) services, electron- sionate about his work because cultivate the Fil- government is ablemunications Operations Office ics and semiconductors, energy A UNITED WORLD of his own personal experience ipino youth. to help people if they re-and member of the late President and electricity, logistics, min- SUPPLEMENT PRODUCED with poverty and aims to focus To give the youth the ally want to, but the prob-Corazon Aquino administra- ing, shipbuilding, and tourism. IN THE PHILIPPINES BY: on development on a national opportunities for education and lem of corruption stands. “Thetion, reveals that President The agricultural sector, for- Charlotte Rose, Andrew level despite just being con- a bright future, Mr. Pacquiao future of our country dependsAquino has put himself at the na- merly the country’s economic Machaj, William Skidmore, gressman for the Sarangani re- suggests that the government on us being united to help to im-tion’s disposal, truly believing in backbone, has taken a smaller Paula Bellsola, gion. sets aside funding for educa- prove our country,” he says.the presidency as an office from role in the shadow of the grow- Ugo Bagration and “I entered politics because I tion and educational infra- He recognizes that the im-which he can uphold the man- ing high-tech sectors as well as Vincent Rifici want to help people,” he says. “I structure like classrooms, so age people have of the Philip-date of the Filipinos. BPO and other services. Nev- know what they are feeling and that the children have more pines is not particularly good, “Despite the tremendous ertheless, agriculture accounts what they need our assistance space to learn. In addition to but Mr. Pacquiao is optimisticpower his office holds, he for 14% of GDP, and is receiv- This report is with because I have been in that more funding, Mr. Pacquiao and wants to challenge the neg- available at situation during my lifetime.” has suggested leveling up the ative perception of the coun- www.unitedworld-usa.com Mr. Pacquiao is focusing on quality of education in the coun- try by engaging international creating a provincial hospital try by continuing teachers’ ed- media to promote the true rich-SPECIAL THANKS and provincial university for ucation and assessment, so that ness of the Philippines. “TheUnited World woud like to extend a special thank you the Sarangani population of educators will need to keep re- Philippines is a beautiful coun-to Secretary Ricky Carandang and Ian Soqueno from over half a million, with his vi- freshing their qualifications. try and hopefully we can en-the Presidential Communications Team, and to sion of teaching the people to As the congressman and courage more people to comeChairman Sergio Ortiz Luis, Gabby Cruz and Renato work and how to benefit from boxer works with the govern- and discover that.”Osmena of the Philippine Chamber of Commerce Our World Insert is produced by United World. USA TODAY did not participate in its preparation and is not responsible for its content
  2. 2. Wednesday, June 15, 2011 Distributed by USA TODAY 2 THE PHILIPPINES ‘THE FIRST ‘EVERYONE IS ‘WE MUST ‘WE HAVE TO PRIORITY IS KEEN ON BELIEVE IN ADDRESS THE SOCIAL ENSURING THAT OURSELVES. WE ISSUES THAT PROTECTION, THE THESE ARE PURSUING HAVE HELD US SECOND IS A SHORTAGES OF THINGS IN BACK SO THAT DRAMATIC TEACHERS, SCIENCE THAT WE CAN INCREASE IN CLASSROOMS, PEOPLE INITIALLY ACCELERATE THE EDUCATION, AND SCHOOL THINK DIFFICULT COUNTRY’S AND THE THIRD IS FURNITURE ARE TO ACHIEVE, BUT GROWTH AND INVESTMENTS IN MET, AND THERE WE’RE TRYING MAKE IT PUBLIC HEALTH, IS A GENERAL TO INSTILL THE SUSTAINABLE, WITH A FOCUS CONSENSUS FOR CONFIDENCE ULTIMATELYFLORENCIO ABAD ON MATERNAL ARMIN LUISTRO EDUCATIONAL MARIO MONTEJO THAT WE CAN CESAR PURISIMA REDUCINGSecretary of Budget and HEALTHCARE’ Secretary of Education REFORM’ Secretary of Science and DO IT’ Secretary of Finance POVERTY’Management TechnologyThe fight against povertyGovernment departments – has risen by almost 19%, the initiatives to help the poor are rich potential for farming – arable like to treat this as an opportu- ple’s trust in government andunite across all sectors, biggest increase allocated in over on their own not enough, and farmland makes up more than nity rather than a problem. We encourage international in-rising to the challenge of a decade. Huge progress has that the economy needs to at- 40% of the total land area. Pro- can use agriculture as one of the vestors to invest in the country.meeting the Millennium been made in providing suffi- tract local and foreign invest- grams are being introduced to main areas where we can excel.” Cesar Purisima, Secretary ofDevelopment Goals cient textbooks, and resources ments to spur growth via help the nation feed itself, which As important as the devel- Finance, says, “We have to ad-(MDGs) on time are being focused on addressing public-private partnerships. the administration aims to opment of sectors with eco- dress the issues that have held the shortages of teachers, class- “We realize that investment in achieve by 2013, but beyond self- nomic potential is the need to us back so that we can acceler-“The first priority is social pro- rooms, and school furniture. poverty reduction programs will sufficiency the aim is to trans- transform government itself. ate the country’s growth andtection, the second is a dramatic make it sustainable, ultimatelyincrease in education, and the reducing poverty.” He adds, “Wethird is investments in public really need to stay focused tohealth, with a focus on mater- fight corruption; there are nonal healthcare,” says Florencio quick fixes or shortcuts.”Abad, Secretary of Budget and Fiscally, the government isManagement. “These are the pursuing a more prudent man-areas where we have been lag- agement of resources and ex-ging behind. In 2015, which is pects to lower and maintain itsthe final date of the MDG chal- deficit at 2% of GDP by 2013.lenge, we should be able to meet At the Philippine Stock Ex-our targets.” change, president and chief ex- At the top of the list is the re- ecutive officer Hans Sicat isduction of poverty; according to addressing what he calls the twoa census in 2006, 4.6 million Fil- major challenges of limited liq-ipino families live below the uidity and good corporate gov-poverty threshold. Under a con- ernance. “We are trying toditional cash transfer program, promote transparency and pro-subsidies are being provided to fessionalism,” he says. “Hope-families on certain conditions, fully, that will improve the viewsuch as sending the children to of investors not just locally, butschool and going on regular globally, as well. I think this willhealth checkups. By the end of do wonders for the economythis year, the government hopes because we are a major part ofto provide subsidies to 2.3 mil- the fundraising for companies.”lion families, helping the re- A broader perspective comesmainder by 2015. from the legendary tycoon “This administration is very Washington SyCip, founder ofserious about poverty reduc- President Aquino’s government has increased its spending on education by nearly 19% SGV Group, which represents 51tion,” says Corazon Juliano- of the top 100 corporations in theSoliman, Secretary of Social “Everyone is keen on ensuring not ultimately bring you the jobs form agriculture into a modern, President Aquino, who cam- Philippines for both insuranceWelfare and Development. “It that these shortages are met, and and make the kids healthier and dynamic and competitive sec- paigned on the basis that with- and tax auditing. “We need eco-has demonstrated this com- there is a general consensus for more educated; it is the demand tor that can serve as a spring- out corruption there would be nomic and political freedom andmitment with 34% of the bud- educational reform,” says Sec- coming from an expanding board for the economy. “We no poverty, has committed his we have to ensure that people areget going to social services, retary of Education Armin economy, for educated and want to export as much as we can administration to strict obser- educated and no longer hungry,”health, education and three core Luistro. healthier people,” he says. produce to the neighboring vance of the basic tenets of good he says. “We need political free-poverty reduction programs.” At the Department of Budget Proceso Alcala, Secretary of countries,” says Mr. Alcala. “A lot governance – in particular dom not only for the Philippines, Spending on education – seen and Management, Mr. Abad Agriculture, says full advantage of people are saying that there is transparency and accountabil- but for the whole of Asia andas the key to reducing poverty emphasizes that government must be taken of the country’s a food crisis issue, but we would ity. His aim is to rebuild the peo- developing nations.” A legacy of freedom fighters From a family legacy, President Aquino leads a new era for the Liberal Party and the Philippines It is always a challenge to pro- mote the legacy of a man and a family to become relevant, but in the case of Ninoy Aquino and his family, the Ninoy & Cory Aquino Foundation (Aquino Foundation) has taken up on this challenge to reach the lives of next generation Filipinos. To carry on the legacy of Ninoy Aquino, Rafael C. Lopa, presi- dent and executive director of the Aquino Foundation and Corazon “Cory” Aquino (1933-2009) was the 11th president of the Philippines and mar- nephew of Ninoy Aquino, has ried to Benigno S. “Ninoy” Aquino (1932-1983), former senator and opposition leader put together a campaign with Mekong Worldwide Crew to been very successful abroad spread the values of the foun- THE AQUINO could be a way to bring them dation. FOUNDATION HAS back to help the country further,” “It revolved around the idea PUT TOGETHER THE Mr. Lopa says. that if there is anything you want CAMPAIGN WITH THE The current President to communicate to young peo- TAGLINE ‘I AM A “Noynoy” Aquino is making it a HERO, I DO WHAT I ple, it is the whole idea that there point to fight poverty and im- BELIEVE IS RIGHT, I is a hero and innate goodness prove the education system. Yet, DO WHAT I BELIEVE in each one of us,” he says. “That IS GOOD, I FIGHT despite the inclusion of various is basically how she (Cory FOR JUSTICE, I FIGHT public-private partnerships put Aquino) felt we needed to com- FOR FREEDOM. I AM in place to help the government municate the legacy of Ninoy NINOY’ deal with the country’s problems because he really embodied the like malnutrition, hunger and idea of self-sacrifice for his coun- to be a Ninoy in that sense, and literacy, finding effective solu- try and people.” we managed to generate a lot of tions is still a challenge. “Every- Thus far, the Aquino Foun- interest in coming together.” thing is interrelated and it’s dation has partnered with retail The interest has grown sig- extremely difficult to know brands to introduce Ninoy nificantly, having brought to- where to begin,” Mr. Lopa says. Aquino to the public through gether an organization called Still, he believes that the Aquino merchandise that benefits nu- ‘The Ninoy Runners’ and even Foundation has helped Filipino merous charities. The founda- gathering celebrity support from society progress over the years, tion has put together the apl.de.ap of the Black Eyed Peas despite the small monetary as- campaign with the tagline ‘I am to help advocate for the public sistance it has been able to gath- a hero, I do what I believe is education problem in the coun- er. “I would equate the success right, I do what I believe is good, try. The star has agreed to be the and impact of a foundation such I fight for justice, I fight for free- foundation’s brand ambassador as this by how much it has done dom. I am Ninoy’ . and plans to travel in and out of for people who have created The campaign logo, a pair of the Philippines to raise money much bigger things,” he says. eyeglasses Ninoy Aquino was for the programs and promote As for the foundation’s future, known for, has since become an awareness about the problem. Mr. Lopa is very optimistic. “If iconic image. “The basic mes- Mr. Lopa believes that taking the we do our job well, we will real- sage of the campaign was ‘if you Aquino Foundation interna- ly promote the legacy of Ninoy were to see the country through tionally through well-known Fil- and Cory Aquino and inspire the eyes of Ninoy, what would ipino figures like apl.de.ap is the others to be like these two peo- you do now?’” Mr. Lopa says. next step in bringing Filipino is- ple,” he comments. “Then I think “The whole idea of ‘I am Ninoy’ sues to global awareness. this country will be a better place became a very effective model “We feel the whole idea of to live in. This country needs for us to talk about legacy, as it people wanting to give back to many leaders that should be able became so cool and fashionable their country because they have to look beyond themselves.” Our World Insert is produced by United World. USA TODAY did not participate in its preparation and is not responsible for its content
  3. 3. Distributed by USA TODAY Wednesday, June 15, 2011 THE PHILIPPINES 3Sustained economic growthThe Philippines is “open for business” and backed by been building on its currentbroad-based bank lending growth and greater position of strength. The cen-transparency, accountability and competitiveness tral bank recently noted that the continued broad-basedA surge in the inflow of for- This has been blamed largely growth in bank lending speakseign direct investment (FDI) on the political uncertainty well of the solid growthinto the Philippines this year is surrounding the national elec- prospects for the economy;being forecast by Bangko Sen- tions in May 2010, although loans for production activitiestral ng Pilipinas. The central the government is fully aware comprise more than four-fifthsbank expects $2.2 billion worth there are other underlying fac- of commercial banks’ total loanof FDI to be registered by the tors that it has to deal with to portfolio.end of 2011 – a staggering make the business environ- Cesar Virtusio, executive83.3% rise on the end-of-year ment more attractive. director of the Bankers Asso-total for 2010. Cesar Purisima, Secretary ciation of the Philippines, says The reason for optimism is of Finance, says the Philippines that in the last five years (ex-the implementation this year of must develop its infrastruc- cept in 2008), bank lendingthe government’s private-pub- ture, make its policies more has grown more quickly, andlic partnership (PPP) program; competitive and reduce cor- at a rate that is even betterthe five initial PPP projects put ruption. On the fiscal side, the than the GDP growth. On topup for bidding this year are val- focus is on being more pru- of that, the percentage of non-ued at $1.1 billion. Investments dent in the management of re- performing loans continuesare also expected to come from sources. “We hope to reduce to drop – to less than 3%. Hemajor Japanese electronics and our deficit to 2% of our GDP believes the banks are wellsemiconductor companies by 2013 and maintain that dur- capitalized, with ample pro-looking to relocate to the Philip- ing the rest of the President’s visioning to absorb externalpines. term,” he says. shocks. “One of the reasons A further rise in FDI is pre- “President Aquino is trying why the banking sector is sodicted for 2012, when the cen- to accomplish all of this in his successful is its competenttral bank expects a total of $2.7 six-year term. He does not management and supportivebillion to be registered, basing think he will be able to ac- regulators,” he explains.its prediction, it says, on its re- complish it all, and nobody ex- Mr. Virtusio says the Philip-vised assumptions and outlook pects him to, but he wants to pines needs to address the ob-for emerging balance of pay- put the Philippines in the right stacles to its growth. “We hopements components. direction and change things so that we can realize the poten- FDI inflows into the Philip- that the next administration The Aquino administration has set in motion a series of fiscal and management reforms in order to raise transparency tial that has been linked to thepines have been declining for will have no other choice but country for a long time now.a decade, but the trend was ex- to continue with the reforms is crucial. “The perception that determined to make the Philip- Philippines becomes a truly at- Now that we have an honestacerbated last year, when oth- that he started.” this is a clean government that pines competitive in the in- tractive business destination.” national leadership backed byer Southeast Asian economies, Florencio Abad, Secretary will promote transparency ternational marketplace. “This A big plus is that the Philip- able and competent cabinetsuch as Malaysia, Indonesia of Budget and Management, and accountability is very im- is why we say the Philippines pine financial system emerged and heads of governmentand Singapore, enjoyed as says the premium placed on portant.” is open for business. We are from the 2008 global financial agencies, we should have a fairmuch as a five-fold increase. integrity by President Aquino He says the government is gearing ourselves up, so the crisis in good shape and has chance to accomplish this.”Phenomenal growth for SM InvestmentsFrom commercial and retail to residential and leisure development, the corporation does not shy away from large investments. SM has been highly successful, to bootOwned by Henry Sy, the rich- “Retail has a lot of potential,” Last year, SM’s net profitsest man in the Philippines, SM says Ms. Guidote. “We are were better than expected, ris-Investments Corporation is mainly focused on Metro ing by 15% to Php18.4 billionone of the country’s largest Manila now, but there is still a (around $420 million), withcompanies, dominant in re- lot of potential in the provinces, consolidated revenues in-tailing, banking and shopping and that is where we are grow- creasing by 12% to Php179.3mall development, and a fast- ing at the moment.” billion from Php160.1 billion inrising player in residential and SM is also dominant in shop- 2009. The largest contributiontourism-oriented real estate. ping malls, boasting no fewer came from retail (34%), with SM has been careful about than 41 across the country. By banking second (30%), fol-managing its resources, and the end of 2011, the number of lowed by shopping malls andhas been growing year-on-year malls in the Philippines will real estate (23% and 13% re-both financially and in terms have risen to 43, and an addi- spectively).of assets. tional mall will have been SM has increased its capital “The Philippines is still an added to the three the group expenditure program to Php47emerging country,” says Cora- already has in China, in the billion this year, from Php40.6zon Guidote, vice president for cities of Xiamen, Jinjiang and billion last year, and with all itsInvestor Relations. “There is a Chengdu. core businesses continuing tolot of potential, so SM is pour- Ms. Guidote recalls that the grow, expects to sustain dou-ing a lot of resources into grow- very first mall the company ble digit growth in 2011. Cer-ing all of its core businesses.” opened was a mere 1.3 million tainly, it began the year on a The most profitable part of square feet, but was already the positive note, posting a 13% in-the group is the retail business, largest mall in the country. “It crease in net income in the firstwhich has been undergoing was at the height of the Mar- quarter.significant expansion. With 28 cos crisis, when the father of the Corazon Guidote attribut-new stores opened in 2010, current president was assassi- SM is a very consumer-oriented company focused on serving the Filipino community in the best possible way es the group’s success to a high-and several more this year, SM nated; we could not have gone ly focused approach that shenow has 144 retail outlets na- into the market at a worse time,” Starting to challenge retail with 726 branches nationwide. Its current portfolio includes 14 says has made it part of the psy-tionwide. These include 41 SM she says. “But the growth has as the group’s main driver is its Chinabank, in which the group residential projects, 13 of which che of Filipinos.department stores, 31 SM su- been phenomenal. It is now banking business; SM’s bank has a 20% interest, is the eighth are in Metro Manila and one “The Filipinos have beenpermarkets, 43 SaveMore our largest and one of our most network is the largest in the largest with 269 branches na- in Tagaytay City in the province with us over the years in termsbranches, and 25 SM hyper- profitable malls, and we are Philippines. In the final quar- tionwide. of Cavite. This year will see the of growing the brand and themarkets. The group also has continuing to expand it. Daily ter of last year, BDO Unibank, SM’s rapidly expanding launch of at least five new res- business,” she says. “SM reflectstotal ownership of Pilipinas footfall there is at least 700,000 in which SM has a 41% inter- property business has interests idential projects, all located in the progressive spirit of the Fil-Makro, which has 4 Makro to over 1 million, and the oc- est, became the country’s in residential, commercial, prime locations within Metro ipinos; we would not grow if theoutlets. cupancy rate is about 97%.” largest bank in terms of assets, leisure, and hotel development. Manila. market did not support us.” Our World Insert is produced by United World. USA TODAY did not participate in its preparation and is not responsible for its content
  4. 4. Monday, June 20, 2011 Distributed by USA TODAY 4 THE PHILIPPINESLand Bank, dedicated tofinancing rural developmentCEO and president of Land Bank of the Philippines, Gilda Elepano Pico shares the ins and outs of this government bank entrusted with boosting agricultural and rural sectorsRanked among the top five tant when lending to farmers of the national government’s Land Bank provides fi- sor with their produce based ment agencies and corpora-commercial banks in the and fishermen. We have es- thrust of promoting food se- nancing to all the players on the latter’s product re- tions because we are a gov-country, Land Bank of the tablished a group in Land curity. The objective is to in- along the value chain system, quirement. ernment bank. For example,Philippines is a government Bank called the Development crease farmers’ income by consisting of a full range of The processor, on the oth- if the NFA (National Food Au-institution that plays a unique Assistance Center which fo- providing financial and tech- activities that are undertaken er hand, commits to buy the thority) requires financing forrole promoting countryside cuses on the institutional and nical support along the value- in turning a particular prod- produce of the cooperatives domestic rice procurement,development while remain- capability building of these added chain of a commodity uct into a form that is sold at a competitive price; and then we lend to them.ing financially viable. The cooperatives. or industry. and consumed. may also commit to provide Local government units arebank has grown into the The success of the bank de- We launched this last year At the outset, a coopera- the necessary inputs and tech- crucial in the food supplylargest formal credit institu- pends on the strength of the where we allocated P50 billion tive and a processor will es- nical assistance if only to en- chain and in the developmenttion in the rural areas and to- conduits. Before we lend to ($1.15 billion) for the pro- tablish production, technical sure product quality and of the rural economies. Weday offers a full range of them, we make sure that they gram, particularly to support and marketing contracts, standards. The processor need infrastructure so thatbanking services. are prepared technically in the financial requirements for where the cooperative then makes use of the pro- the produce of the farmers Gilda Elepano Pico, CEO terms of bookkeeping and in crop, livestock and fishery through its farmer members duce to convert it into a prod- can be brought to the tradingand president of Land Bank of other areas of managing their production, working capital commits to supply the proces- uct that will again be an input center at the least cost possi-the Philippines since No- business. and acquisition of processing to another activity. ble. Sometimes it takes themvember 2006 and vice-chair- Another basic thing we re- and other fixed assets. ‘OUR FOOD SUPPLY It is really a complete chain a long time to transport fromman since August 2005, has quire from them is equity. If CHAIN PROGRAM from farm production to pro- the farm to the trading areas,worked in various depart- they do not have a stake in AIMS TO INCREASE cessing to marketing. Farm- so transport costs are high.ments in Land Bank since the business, they can easily FARMERS’ INCOME BY ers will now be assured that We finance local governments1981. Here Ms. Pico discuss- abandon the project. So for PROVIDING FINANCIAL their products will be bought. so they can build farm to mar-es Land Bank’s role in the every one peso that they put AND TECHNICAL The problem in the past was ket roads and rural infra-country’s sustained growth. in the cooperative, we give SUPPORT ALONG THE that there was no market for structure. them six pesos in loans. They VALUE-ADDED CHAIN their produce, so we are now Land Bank cannot do thisAgriculture is the backbone of use these loans for relending OF A COMMODITY OR addressing that situation. alone; it needs the support ofthe Philippines’ economy. to the small farmers and fish- INDUSTRY’ In line with that, Land Bank the other units and local gov-How does Land Bank support er folk. is also investing in research. ernments.the sector? The other priority sectors ‘WE SUPPORT SMALL We have linked up with uni- Land Bank has adopted an The agriculture sector plays of Land Bank are the micro FARMERS, FISHER versities and state colleges in integrated countryside de-a very crucial role in shaping small and medium enterpris- FOLK, SMES, LOCAL the provinces and the coun- velopment philosophy. Thisthe country’s overall eco- es, livelihood, agribusiness GOVERNMENT FOR tryside so they can study and synergistic framework is thenomic growth and develop- and agri-infrastructure, re- INFRASTRUCTURE research how farmers can in- most effective approach.ment. It remains as one of the newable energy and water. PROJECTS. WE ALSO crease their production and Adopting a silo approach to-most economically significant BACK RENEWABLE profitability. We will pilot test wards countryside develop-and promising industries in Are you developing any ENERGY AND their findings and if success- ment has a higher risk ofthe Philippines in terms of its more products to target WATER PROJECTS’ ful, the idea will be marketed failure.vast potential and opportu- even more farmers? to the farmers so they cannities for expansion and Yes, we developed a GILDA ELEPANO PICO, adapt the technology. We What final message wouldgrowth. synergy program CEO and President then pilot test their recom- you like to send to the read - This is primarily why Land called the Food Sup- of Land Bank mendation and, if successful, ers?Bank is helping the farmers ply Chain Program, encourage farmers to adopt Well, for one, we’d like to in-and fisher folk sector through which is in support these new technologies. vite them to visit our countryfinancial and technical assis- not only to behold the manytance. We want to reach as Speaking specifically about natural wonders in the Philip-many farmers and fisher folk your institutional invest - pines, but also to explore pos-as we can, and we tap rural ments, what avenues do you sible investment options.banks and cooperatives which like to go down, besides agri - On our part at Land Bank,serve as conduits in extend- culture obviously? we will continue to do ouring the much-needed credit Our priority sectors are not share in promoting econom-support to our mandated sec- just the small farmers and ic growth, especially in thetor. We are working with fisher folk. We also support countryside where potentialabout 500 rural banks and SMEs and we finance local areas for development aretheir branches and over a government units for infra- endless. Ultimately, we wouldthousand cooperatives in or- structure projects. We also like to see Land Bank fulfill itsder to serve farmers and fish- support renewable energy mission and be able to toucher folk across the country. and water projects as well as and make a difference in the Preparation is very impor- the requirements of govern- lives of the people we serve. Our World Insert is produced by United World. USA TODAY did not participate in its preparation and is not responsible for its content
  5. 5. Distributed by USA TODAY Wednesday, June 15, 2011 THE PHILIPPINES 5New public private partnershipsA longstanding lack of funds has hindered crucial investment in the Philippines, holding back economic development. Now the government believes it has found a way around the problemCAYETANO PADERANGA ROGELIO SINGSONDirector General of NEDA Secretary of Public Works & HighwaysThe government plans to en- such as water supply projectsgage in public private part- and more efficient irrigationnerships (PPPs) as a means of systems to increase farm pro-funding the public works and ductivity. The President sayspublic services projects need- PPPs will provide thousandsed to boost the economy. of jobs, growth in the econo- “We cannot rely on public my and long-term mutuallyfunds alone to spur the coun- beneficial partnerships withtry’s growth,” says President large corporations.Aquino. “We need additional Grants totaling $8.5 millioninvestments from our partners are being provided by thein the private sector. As so Manila-based Asian Develop-many others before us have ment Bank (ADB) and the Aus-found, and as many others af- tralian government to get theter us must discover for them- PPP program underway, withselves, working together the Philippine governmentworks.” providing a further $8 million. The country needs to mod- A newly established PPP Cen- This past March, a raft of PPP infrastructure projects came up for bidding, worth an estimated $1 billionernize its roads, bridges, air- ter, attached to the Nationalports, transportation and Economic and Development process will be completed with- vate sector participation is be- approaches, including the so- of infrastructure in the coun-communications systems for Authority (NEDA), the coun- in just six months. cause of management expertise licited proposals approach. try is holding us back. Therethe efficient movement of try’s independent economic Cayetano Paderanga, direc- and efficiency in terms of pro- We prefer these, but we will are a lot of opportunities forgoods and people, as well as to development and planning tor general of NEDA, says, “PPPs ject implementation as well as still welcome unsolicited pro- the private sector to developbuild the competitiveness of agency, will provide technical are one way we can leverage pub- maintenance.” posals. We are looking at joint more infrastructure, whetherthe tourism industry. The assistance and help facilitate lic resources with private fi- He appeals to potential in- ventures as a variation to the it is roads, airports, seaports,Philippines must also invest in the development of proposals, nancing as well as expertise. One vestors to come and look at the BOT (build-operate-trans- or telecommunications. En-other critical infrastructure, ensuring that the approval of the reasons why we want pri- Philippines. “We have several fer) process. There are several ergy and water utilities are ways where people can get also in demand.” involved when it comes to The national highways net-A proven track record, infrastructure and other work is substandard and kinds of investments.” poorly maintained, and the The first batch of PPP pro- focus is on upgrading the na- jects was lined up for bidding tional roads to internationala partner for progress in March, with an estimated standards. private investment of more “We are way behind Malay- than $1 billion. Most of the sia, Thailand and Indonesia in projects come under the aegis terms of road infrastructure of the Department of Trans- and international standards,” nancial flexibility to provide and the support of govern- portation and Communica- says Mr. Singson. “We are look- an adequate return – earn- ment that dreams for change tions and the Department of ing at long stretches of toll roads ing $283 million in 2010 – and development will become Public Works and Highways. and expressways being pushed while allocating a significant a reality. Rogelio Singson, Secretary towards the private sector, long- amount for an entry into MPIC has a 45% float and of Public Works and High- term road maintenance con- power generation. Power a predominantly institution- ways, says, “We need to make tracts and at passing on bridge generation is the largest com- al shareholder base spread the Philippines more global- construction and mainte- ponent of the power bill, at globally. ly competitive, and the lack nance.” 58%, for consumers. Meralco is best placed to provide con- sumers with relief from high power costs with its ability to predict the optimum time to invest given its extensive knowledge of consumption patterns. At the parent company lev- el, MPIC has a five-year in- vestment plan which includes Php25-26 billion ($610 mil- lion) for roads and Php3.7 bil- lion for hospitals. MPIC is extending its road network to improve com- merce and convenience. Its flagship project is the con- nection of the Northern and Southern toll road systems in Luzon, the main island group- ing in the country, through the heart of Metro Manila, the country’s largest urban area. It will improve travel from over an hour and a half to less than 20 minutes and, more importantly, allow com- mercial vehicles to avoid the truck-ban on public roadsJose Ma. K. Lim, President and CEO of Metro Pacific during certain times of the day, facilitating access to theMPIC has grown from fective management. That is country’s major ports locat-strength to strength, MPIC’s claim to fame: we take ed within the metropolis.expanding infrastructure problematic companies, turn MPIC develops world-classdevelopment, turning them around and raise the medical facilities with the ac-companies around to level of service. These are ob- quisition of existing hospitalsbecome competitive, jectives that we continue to that are then improved withmeeting the needs of meet on a daily basis.” capital expenditures and pro-Filipinos across the nation Maynilad was in rehabili- fessional management. Over tation and unable to provide three years MPIC acquiredWorking in partnership with water to 3 million people in five hospitals. Its hospital net-the government, Metro Pa- its concession. In a little over work is now the largest in thecific Investment Corp. two years, it has reduced the Philippines, present all over(MPIC) is at the forefront of number of un-served people the country. The company isthe nation’s infrastructure de- in its concession by 1 million looking forward to addingvelopment. The new admin- and recorded a profit of $111 more hospitals to this net-istration has sought to million in 2010. It is invest- work with a target of approx-develop public-private part- ing nearly $1 billion over the imately 10 hospitals and anerships to jump start infra- next five years to ensure most total of 3,000 beds around thestructure development. of the remaining 2 million country.“MPIC is in a good position people are connected while MPIC is constantly seekingto facilitate the government’s working closely with its reg- new areas for developmentgoals,” says president and ulator to ensure money is outside an already impressiveCEO of MPIC Jose Ma. K. spent effectively and prices portfolio. Amongst these newLim. are not unduly raised for the areas are an airport and rail- At the helm of one of the public. way system, both of which ser-country’s most recognized At Meralco, the largest vice Metro Manila and are incompanies for delivering ba- electricity distributor in the need of investment.sic services, Mr. Lim explains: country, the progress can be “It is essential for the coun-“MPIC has a track record of seen in its financial returns. try to have basic services at asecuring its contractual reg- Under previous ownership, high standard for it to be com-ulatory returns from the gov- it had been unable to secure petitive. If water is not potable,ernment and delivering to the its regulatory mandated re- if electricity is too expensive,public the service they de- turns – earning only $61 mil- or if it takes too long to trans-serve. At our portfolio com- lion in 2008. With the change port goods, we will never bepanies, we have improved in ownership, its tariff has able to compete in an inter-service delivery by any rea- now been adjusted to a point national market,” says Mr. Lim.sonable metric with more ef- that provides it with the fi- It is with the expertise of MPIC Our World Insert is produced by United World. USA TODAY did not participate in its preparation and is not responsible for its content

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