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Showing posts with label Forbes. Show all posts
Showing posts with label Forbes. Show all posts

Thursday, June 22, 2017

World Bank: Duterte's Philippines Is The 10th Fastest Growing Economy In The World

President Rodrigo Duterte's economic team seems to be doing a good job at leading the country’s vibrant economy, which is the world’s 10th fastest growing economy in the world in 2017. That’s according to the World Bank’s latest edition of Global Economic Prospects. For 2017, Philippines’ economy is expected to advance between 6.5 to 7.5 percent. That’s almost twice the country’s long-term growth. GDP Annual Growth Rate in Philippines averaged 3.68 percent from 1982 until 2017, reaching an all time high of 12.40 percent in the fourth quarter of 1988 and a record low of -11.10 percent in the first quarter of 1985, according to Tradingeconomics.com. The Philippines economy has benefited from a stable macroeconomic environment of low inflation and low debt to GDP ratio, which has helped sustain a healthy domestic demand growth; and from a revival of the Asian Pacific region that have boosted exports, which account for close to a third of GDP. Exports from the Philippines rose 12.1 percent from a year earlier to USD 4.81 billion in April of 2017. The country's expansionary fiscal policy has boosted capital formation, while robust remittances, credit growth, and low inflation have supported private consumption. Policies in the Philippines remain accommodating. Continued growth, led by accelerated public and private investment, is expected to remain at just under 7 percent in 2017-19—significantly higher than the long-term average of 4.3 percent. Here are the world's ten fastest-growing economies in the World:



President Rodrigo Duterte's economic team seems to be doing a good job at leading the country’s vibrant economy, which is the world’s 10th fastest growing economy in the world in 2017. That’s according to the World Bank’s latest edition of Global Economic Prospects.

 For 2017, Philippines’ economy is expected to advance between 6.5 to 7.5 percent. That’s almost twice the country’s long-term growth.

GDP Annual Growth Rate in Philippines averaged 3.68 percent from 1982 until 2017, reaching an all time high of 12.40 percent in the fourth quarter of 1988 and a record low of -11.10 percent in the first quarter of 1985, according to Tradingeconomics.com.

 President Rodrigo Duterte's economic team seems to be doing a good job at leading the country’s vibrant economy, which is the world’s 10th fastest growing economy in the world in 2017. That’s according to the World Bank’s latest edition of Global Economic Prospects. For 2017, Philippines’ economy is expected to advance between 6.5 to 7.5 percent. That’s almost twice the country’s long-term growth. GDP Annual Growth Rate in Philippines averaged 3.68 percent from 1982 until 2017, reaching an all time high of 12.40 percent in the fourth quarter of 1988 and a record low of -11.10 percent in the first quarter of 1985, according to Tradingeconomics.com. The Philippines economy has benefited from a stable macroeconomic environment of low inflation and low debt to GDP ratio, which has helped sustain a healthy domestic demand growth; and from a revival of the Asian Pacific region that have boosted exports, which account for close to a third of GDP. Exports from the Philippines rose 12.1 percent from a year earlier to USD 4.81 billion in April of 2017. The country's expansionary fiscal policy has boosted capital formation, while robust remittances, credit growth, and low inflation have supported private consumption. Policies in the Philippines remain accommodating. Continued growth, led by accelerated public and private investment, is expected to remain at just under 7 percent in 2017-19—significantly higher than the long-term average of 4.3 percent. Here are the world's ten fastest-growing economies in the World:

The Philippines economy has benefited from a stable macroeconomic environment of low inflation and low debt to GDP ratio, which has helped sustain a healthy domestic demand growth; and from a revival of the Asian Pacific region that have boosted exports, which account for close to a third of GDP.

 Exports from the Philippines rose 12.1 percent from a year earlier to USD 4.81 billion in April of 2017.



The country's expansionary fiscal policy has boosted capital formation, while robust remittances, credit growth, and low inflation have supported private consumption.

Policies in the Philippines remain accommodating. Continued growth, led by accelerated public and private investment, is expected to remain at just under 7 percent in 2017-19—significantly higher than the long-term average of 4.3 percent.

 Here are the world's ten fastest-growing economies in the World:
source: Forbes, World Bank, World Economic Forum



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Wednesday, February 15, 2017

2016 Top 20 Most Powerful People in the World


Annually, Forbes.com released its list of Most Powerful People in the World. The website said that out of nearly 7.4 billion people on Earth, these 20 men and women make the world turn.

Forbes.com choose these people to base on four dimensions;

1. Forbes asked whether the candidate has power over lots of people.

2. They assessed the financial resources controlled by each person.

3. They determined if the candidate is powerful in multiple spheres.

4. They made sure that the candidates actively used their power.

Based on the final ranking made by the panel of Forbes editors, here are the 20 most powerful people in the world.


20. Benjamin Netanyahu
Prime Minister, Israel

19. Jamie Dimon

CEO, JPMorgan Chase
PMorgan Chase & Co. is a leading global financial services firm and one of the largest banking institutions in the United States , with operations worldwide.

18. Ali Hoseini-Khamenei
Grand Ayatollah, Iran

17. Carlos Slim Helu

Chair, Grupo Carso

Grupo Carso or Grupo Sanborns SAB is a global conglomerate company owned by Carlos Slim. It was formed in 1990 after the merger of Corporación Industrial Carso and Grupo Inbursa. The name Carso stands for Carlos Slim and Soumaya Domit de Slim, his late wife.

16. Salman bin Abdulaziz al-Saud
King, Saudi Arabia


15. Warren Buffett

CEO, Berkshire Hathaway
A diversified company with major interest in GEICO, life insurance, annuity sales and sales of jewelry.

14. Jeff Bezos

CEO, Amazon
Online retailer of books, movies, music and games along with electronics, toys, apparel, sports, tools, groceries and general home and garden items.


13.Theresa May
Prime Minister, U.K.

 12. Li Keqiang
Prime Minister of China

11. Mario Draghi
President, European Central Bank



10. Mark Zuckerberg
CEO, Facebook

Facebook (FB) is an American for-profit corporation and online social media and social networking service based in Menlo Park, California. The Facebook website was launched on February 4, 2004, by Mark Zuckerberg, along with fellow Harvard College students and roommates, Eduardo Saverin, Andrew McCollum, Dustin Moskovitz, and Chris Hughes

9. Narendra Modi
Prime Minister, India


8. Larry Page
President, Alphabet

Alphabet Inc. is an American multinational conglomerate founded on October 2, 2015, by the two founders of Google, Larry Page and Sergey Brin, with Page serving as CEO and Brin as President.It is the parent company of Google and several other companies previously owned by them.


7. Bill Gates
Chair, Bill & Melinda Gates Foundation

William Henry "Bill" Gates III is an American business magnate, investor, author, and philanthropist. In 1975, Gates and Paul Allen co-founded Microsoft, which became the world's largest PC software company.
Bill & Melinda Gates Foundation is a grant-making foundation supports initiatives in education, world health and population, and community giving in the Pacific Northwest.


6. Janet Yellen

Chair, Federal Reserve
The Federal Reserve System is the central banking system of the United States. It was created on December 23, 1913.

5. Pope Francis

Pope, Roman Catholic Church



4. Xi Jinping

General Secretary, Communist Party Of China

3. Angela Merkel

Chancellor, Germany

2. Donald Trump

President, U.S.

1. Vladimir Putin

President, Russia


On the other hand, our very own President Rodrigo Duterte is number 70 in the list.

The Forbes magazine said, "Duterte has a tendency to say what he thinks, no matter how raw," a trait that "keeps him in the headlines."



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Tuesday, February 14, 2017

The Top 5 Most Expensive Cities in the World (Top 4 are in Asia)


When we hear the phrase "world's most expensive cities", often times it's New York, Seoul, and London that comes into our mind as a place, not affordable to live in. This 2017 Forbes.com released the top 5 most expensive cities worldwide, and top four of this is in Asia. Surprisingly, New York and Seoul in South Korea is not on the list, while London landed on number 5. Here are five most expensive real estate markets in the world 5. London in England After a decade of growth, property prices in London are severely unaffordable to most residents. According to Forbes, since 2013, London's property prices have increased at a double-digit rate every year. Average home prices in the city have gone from £257,000 (P13,615,704.39) in 2006 to £474,000 (25,112,232.99) in 2016, an 84% increase.




When we hear the phrase "world's most expensive cities", often times it's New York, Seoul, and London that comes into our mind as a place, not affordable to live in.

This 2017 Forbes.com released the top 5 most expensive cities worldwide, and top four of this is in Asia. Surprisingly, New York and Seoul in South Korea is not on the list, while London landed on number 5.

Here are five most expensive real estate markets in the world

5. London in England

 After a decade of growth, property prices in London are severely unaffordable to most residents. According to Forbes, since 2013, London's property prices have increased at a double-digit rate every year. Average home prices in the city have gone from £257,000 (P13,615,704.39) in 2006 to £474,000 (25,112,232.99) in 2016, an 84% increase.



The government of London tries to cool down the housing market by implementing high stamp duty for luxury properties and new stamp duty rates for investment properties but failed. But a recent survey of economists suggests London property prices could finally flat line or drop this year.

4. Shanghai in China

With as much as 40% increased in real estate last year and 5% in a single month of August in 2016, Shanghai's become one of the China's hottest property markets.

Housing prices continue to increase and said it is because of the weak domestic stock market in 2015, many investors poured into the property sector, seeing it as one of the few options left for favorable returns.



 In October, more than 20 Chinese cities, including Shanghai, introduced new measures to cool the housing market by implementing purchase limits and tightening mortgage restrictions.


3. Beijing in China

The most expensive housing market in mainland China, the average home price in Beijing is now $5,820 per square meter, according to the Municipal Commission of Housing and Urban-Rural Development. In September, average home prices in Beijing rose nearly 30% year on year. By comparison, prices in China's major cities rose about 11%.

2. Mumbai in India

Located on a narrow peninsula, Mumbai is now home to some of the world's most expensive real estate. As Quartz notes, Mumbai's house price-to-monthly income ratio "is the highest among major Indian cities." And as the country accumulates wealth, developers have been struggling to find building sites in the crowded city where millions still live in densely packed slums.

1. Hong Kong

For the seventh year in a row, Hong Kong is still holding to its rank as the most expensive housing market in the world. According to the annual report from Demographia, the median home price in Hong Kong was 18.1 times the median annual pretax household income in 2016.

The city's housing prices have skyrocketed in recent years, driven by low-interest rates and mainland Chinese buyers. Lack of affordable housing has become a top social issue as the city's poor crowd into "cage homes" and dangerous, subdivided apartments.

Because of this Hong Kong still, ranks as "severely unaffordable" country in the world.


According to Oxford Economics, to buy a 970-square-foot apartment in Hong Kong, Mumbai, Beijing or Shanghai it would take more than 30 years of a household with a median income to have one.

SEE MORE:

10 reasons for OFW to choose Taiwan as next work destination

Steps on How to Pay Your Travel Tax Online

OFW in Hong Kong? Here are 10 Things to Know About Racial Discrimination Ordinance

Requirements and procedure on how to get TIN ID
The United Kingdom needs more Filipino nurses



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