Realities about the Philippine economy

It is more fun criticizing

While other posts praise the growing PHL economy (now no 34 in GDP ranking!!!) others just like this post criticize its performance and say PHL is a house of cards    

As someone who has invested in the countryside, and go around frequently for the site visit, Ii conclude that much local investment has been made and we can not escape the fact that there is progress and much stride has been made in country side development.  And the truth is Western countries cant help but notice the growth rate of the PHL and that it has become an alternative for sites of manufacturing for those who leave China or Vietnam

Certain level of skill and ability has been built on AI, computers, semiconductor and even on infrastructure design and construction by Filipino architects and engineers

Self development personal improvement is prevalent among Filipinos and that is something not mentioned in the article/video.

We can move forward despite the questionable leadership in the country   

FoxConn announces return to China after investing billions in India

It is more fun criticizing

Foxconn, the prime contractor for Apple Iphones announced its return to China, investing a billion yuan for its HQ, R & C center, and EV vehicles.    Why did Fox Conn and Apple return to China after deciding that the land of Promise was India.

Well, Fox conn did not find the stability and reliability in India which it could in China:

     1.   Infrastructure

     2.  Quality 

     3.  Bureaucracy      

Despite political speeches welcoming the investment Foxconn found itself mired in bureaucracy with imports of raw materials sleeping in Custom Warehouses for days.  Shifting policies and regulations

Parts did not arrive on time delayed by days or weeks spelling losses for Fox Conn.  In China it took only hours.  

Furthermore the Indian workers low on learning curve, had outputs of only 50% functional vs China of more than 90%.   China had decades of building its capability and skills of workers.  So back to China despite occasional hiccups and higher wages.  Good news for China and bad for India.  

China is still the manufacturing center of the world and shows its prowess in making electronic products, EVs, heavy equipment, and even airplanes

China has taken provocative actions vs our country PHL but we have to accept these truths 

One of the strongest country economically by 2029. watch this happen?1

It is more fun criticizing

The Philippines will be one of the strongest economies in mid century (18th) because of its growing population, more infrastructure (from Build, build, build) -  airports, subway, bridges, railways.

There will be according to Alexa, a 8.2 earthquake in 2029 by the Batangas bay, and Philippines will rebuild to become a very strong country economically.

Finally, we will no longer be discriminated and looked down upon