Indonesia and Philippines, potential positive stories in 2006 Options

[halohalo]

Indonesia and Philippines - potential positive stories in 2006
6/2/2006

Indonesia and the Philippines are two South-East Asian countries expected to unleash their economic prowess in 2006 given the likelihood of better productivity and fiscal improvement, according to the ANZ Bank.

The bank noted both economies had made monetary reforms in the recent past with Indonesia having launched a new top-notch economic team and Philippines a better-than-expected budget performance of 2005.

Especially talking up Indonesia, ANZ said the republic’s policy reform could advance it to become the “leading economic power of South-East Asia on a multi-year horizon.”

As for the Philippines its boosted budget performance of 2005 including its extended value-added tax (VAT) could lead to an attainable fiscal improvement.

Although having expressed its confidence in both economies the bank conceded there were major challenges to overcome.

These included the descent of Indonesia’s rupiah currency to US$/Rp$9,500 from last year’s US$/Rp10,500 while the Philippines still had exposure to a ‘shaky’ political scene.

http://www.moneynewsasia.com/articleExpand...r_articleID=520

[anakjakarta84]

http://www.moneynewsasia.com/articleExpand...r_articleID=520

I really don't think so. I think mainland SEA will be in a much better condition than us....

[Bohemian]

I think nothing is impossible, including the economy. It just really depends on the people, governments and their policies how to attain the goals.

The two countries actually have so much in common, just the history has made one looks like a US state and the other as an Arabic country (even though it's officialy secular).

[Najjiah]

i dont think so. indonesia as a country is so much more economically stable than the philippines. ranking ng pilipinas ang bangladesh in terms of poverty.

for real. indonesia is more together as a nation than 'pinas.

This post has been edited by Najjiah: Feb 7 2006, 08:21 PM

[RL33]

ranking ng pilipinas ang bangladesh in terms of poverty.

Say wha?? 2 lol

[Najjiah]

Say wha?? 2  lol

yes its true. countries like singapore, india, indonesia, and malaysia always had a better economy & domocracy than us. its like bangladeshis are tryin to cross india to get better job prospects, and on the same token.... filipinos are making hanap buhay sa ibang bansa like usa, dubai, ect., because they can make more money there.

[halohalo]

yes its true.  countries like singapore, india, indonesia, and malaysia  always had a better economy & domocracy than us.  its like bangladeshis are tryin to cross india to get better job prospects, and on the same token.... filipinos are making hanap buhay sa ibang bansa like usa, dubai, ect.,  because they can make more money there.

it's a pity that we have so many skilled workers yet so few can find good jobs in the phils. They are forced to work overseas to make a good living. I think the gov. should address that issue, they rely too much on ofws.

[splendid_season]

it's a pity that we have so many skilled workers yet so few can find good jobs in the phils. They are forced to work overseas to make a good living. I think the gov. should address that issue, they rely too much on ofws.

But then again, if the skilled workers chose to tough it out and work for the Philippines - using their skills in our country - then it would also greatly help the state of things here. I don't think the people of this country should just give up and leave.

[Bohemian]

yes its true.  countries like singapore, india, indonesia, and malaysia  always had a better economy & domocracy than us.  its like bangladeshis are tryin to cross india to get better job prospects, and on the same token.... filipinos are making hanap buhay sa ibang bansa like usa, dubai, ect.,  because they can make more money there.

I don't really agree with the opinion. The Philippines gained its full-right democracy FAR before Indonesia (we got it in 1998!).. let alone Singapore and Malaysia.

However, the Philippines has somehow missed the momentum, in other words, most people're already tired with the political bickerings. This is the problem.

The other thing I observe is, that Pilipinos always give too much hope in each of the new government to solve the problems almost overnight. This is impossible!

The level of problems that the Philippines and Indonesia face are actually almost on the similar level. But, without any exaggeration, I see the willingness of Indonesians (including its government, of course) to solve the problems, bit by bit. I think this is still missing with the Pilipinos.

If now one talks about the Filipino workforce becoming the country's biggest income source, well, because it's the easiest way to earn money. But, can you imagine what would happen to the country's economy, if all these workers boycott their incomes?? Why is there no diversification of sources?? Philippines is rich in natural resources!!

It's such a big pity, because the Philippines actually has far better infrastructure, education and worldwide connections long before Indonesia..

[The Red Baron]

i dont think so. indonesia as a country is so much more economically stable than the philippines. ranking ng pilipinas ang bangladesh in terms of poverty.

for real. indonesia is more together as a nation than 'pinas.

please dont compare philippines with bangladesh!!!! its a total crap!!!!

[Najjiah]

please dont compare philippines with bangladesh!!!! its a total crap!!!!  

in terms of economy, corruption, yes... its more like bangladesh than indonesia. kahit ang entertainment industry sa indonesia malalaking budget. in fact, observe all the korean & chinese shows in 'pinas thats dubbed in tagalog.

our entertainment industry doesnt have enough money to put out its own homemade productions.

on top of all that... ang bansa natin ay talagang mahirap. my cousin is a high school teacher & she only makes a total of $600 a month. thats barely enough to feed her 3 teenage kids at my anak pa ang panganay niya.

i love my country but i dont deny that politics there is a joke.

[The Red Baron]

in terms of economy, corruption, yes... its more like bangladesh than indonesia. kahit ang entertainment industry sa indonesia malalaking budget. in fact,  observe all the korean & chinese shows in 'pinas thats dubbed in tagalog.

our entertainment industry doesnt have enough money  to put out its own homemade productions. 

on top of all that... ang bansa natin ay talagang mahirap.  my cousin is a high school teacher  & she only makes a total of $600 a month.  thats barely enough to feed her 3 teenage kids at my anak pa ang panganay niya.

i love my country but i dont deny that politics there is a joke.

wtf... dont base the progress of a nation based on the entertainment industry...
masyadong malayo ang pinas compared to bangladesh....
philippine economy like bangladesh, gimme a break....

[poknat]

I don't really agree with the opinion. The Philippines gained its full-right democracy FAR before Indonesia (we got it in 1998!).. let alone Singapore and Malaysia. 

However, the Philippines has somehow missed the momentum, in other words, most people're already tired with the political bickerings. This is the problem.

The other thing I observe is, that Pilipinos always give too much hope in each of the new government to solve the problems almost overnight. This is impossible!

The level of problems that the Philippines and Indonesia face are actually almost on the similar level. But, without any exaggeration, I see the willingness of Indonesians (including its government, of course) to solve the problems, bit by bit. I think this is still missing with the Pilipinos.

If now one talks about the Filipino workforce becoming the country's biggest income source, well, because it's the easiest way to earn money. But, can you imagine what would happen to the country's economy, if all these workers boycott their incomes?? Why is there no diversification of sources?? Philippines is rich in natural resources!!

It's such a big pity, because the Philippines actually has far better infrastructure, education and worldwide connections long before Indonesia..

1998 or 1898?

[Hi Tone]

here's some stats on the philippines
http://www.cia.gov/cia/publications/factbook/geos/rp.html

[Bohemian]

1998 or 1898?

Indonesia got its real democracy only in 1998, although it's been officialy independent since 1945. So, definitely not 1898..

[Kokol]

yes its true.  countries like singapore, india, indonesia, and malaysia  always had a better economy & domocracy than us.  its like bangladeshis are tryin to cross india to get better job prospects, and on the same token.... filipinos are making hanap buhay sa ibang bansa like usa, dubai, ect.,  because they can make more money there.

What are you talking about Philippines was the second richest country with the highest standard of living back in the day... no other countries could compare...Phils used to be so rich that we even had South Korea begging us for money

[The Red Baron]

What are you talking about   Philippines was the second richest country with the highest standard of living back in the day... no other countries could compare...Phils used to be so rich that we even had South Korea begging us for money 

i agree... i was in an outrage upon reading that post by a fellow 'filipino'
comparing our country with bangladesh....
she underestimates our country to much... grrrrrr.....

[Najjiah]

i agree... i was in an outrage upon reading that post by a fellow 'filipino'
comparing our country with bangladesh.... 
she underestimates our country to much... grrrrrr.....

grabe ka. para ayun lang ay galit ka na. FYI... i have been to dhaka which is the capital of bagladesh & let me tell you... its just as poor, squatter ridden, and full of water, air pollution, and deforestation just like 'pinas. . mas marami pa ngang mga squatter sa maynila. dumidikit nga sa mga condo doon, e.

and as for your 'filipino' comment. yes... i'm 100% from the philippines. perhaps ur meaning to be racist by implying that i might be bumbay based on my sig but i'm not. i just like to watch indian movies, yun lang.

but going back to what i said. i stand by my convictions that manila & dhaka are on the same level of poverty. of all the SEA nations, singapore, malaysia, and indonesia are far ahead in terms of development.

[The Red Baron]

grabe ka. para ayun lang ay galit ka na. FYI... i have been to dhaka which is the capital of bagladesh & let me tell you... its just as poor, squatter ridden, and full  of water, air pollution, and deforestation just like 'pinas. . mas marami pa ngang mga squatter sa maynila. dumidikit nga sa mga condo doon, e.

and as for your 'filipino' comment. yes... i'm 100% from the philippines.  perhaps ur meaning to be racist by implying that i might be bumbay based on my sig but i'm not. i just like to watch indian movies, yun lang.

but going back to what i said. i stand by my convictions that manila & dhaka are on the same level of poverty. of all the SEA nations, singapore, malaysia, and indonesia are far ahead in terms of development.

i dont know but you overestimate indonesia too much....
i would rank philippines along side with indonesia but with the advantage
of bigger population and territory... malaysia and thailand are ahead...

back to bangladesh, for god sake.. i said stop comparing
philippines with bangladesh because we are far ahead than
that country... you just cant evaluate progress with the things you see
just like those communist militant assholes who are always rallying
on the streets...
in my part, comparing philippines at par with bangladesh is and insult...


GDP (purchasing power parity): Bangladesh-$299.9 billion (2005 est.), Philippines-$451.3 billion (2005 est.)


GDP (official exchange rate): Bangladesh- $64.85 billion (2005 est.)
Philippines-$90.3 billion (2005 est.)

GDP - per capita:
purchasing power parity -
Bangladesh- $2,100 (2005 est.) Philippines-$5,100 (2005 est.)

Exports:
Bangladesh-$12.97 billion (2005 est.) Philippines-$41.25 billion f.o.b. (2005 est.)






can you see the big difference?
i just reacted because i observe many filipinos underestimating
the real situation of the country.. i believe
the situation in the country aint that pitiful as we are seeing in the
media... you see those slums in manila but what you dont is that
most of those people living there have almost complete set
of appliances and wears designer clothes and jeans...
thats the problem, they dont know where to spend their
money properly... thats why i dont believe 40% filipinos living below
poverty line.. are they basing it at the looks of the homes?
those slum pinoys can be more extravagant than the rich...lol

[martin_nuke]

There are many factories here in the Philippines which many countries depend like the Intel Philippines where the Intel Processor Chip is manufactured and it is exported worldwide. Honda Philippines also manufactures motorcycles and exports it in the Southeast Asian Region.