Image via WikipediaFinancial IQ Philippines Quick Hit(s):
It seems like Philippine economy remains positive in 2011.
Forecast for Philippine economy in 2011
Since Insular Life is a financial giant with 100 years of solid history, can their big bosses please share their prognoses and expectations for 2011 for the Philippine economy? Any advice for small entrepreneurs and even for ordinary employees in 2011?
Ulysses Huang Lim, 42 years old, businessman, Makati City
Answer
Philippine economic fundamentals are expected to remain very positive in 2011. Some points worth noting are: the country’s Gross International Reserves at an all-time-high level (+$60B); this may lead to a very likely credit upgrade for the country, which may result in the further lowering of the government’s financing costs. This in turn may keep the current low-interest environment where it is at present. Entrepreneurs may want to use this opportunity to secure some financing for the purpose of expanding their businesses while ordinary employees can participate in the anticipated upbeat business prospects by buying into the shares of listed companies involved in consumer goods and services.
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