Jollygoodfellow Posted March 10, 2015 Posted March 10, 2015 As a matter of interest I am wondering what others see for the Philippines between now and ten years time. I read a lot of news on the expanding Philippines, many chain stores and expensive up market business are setting up in the Philippines. Who would ever thought there would be a market for Rolls-Royce to set up a dealership? I see tourism on the rise and probably will continue that way. What will it all mean to the expat who basically lives on a pension? Will the Philippines become to expensive with the rising number of middle class with more disposable income to spend upping prices? For me I see its a great time to get a foot in the door as in my case to live in the Philippines I need to be able to make an income but for others times ahead might not be so rosy. Your view? 5 Link to comment Share on other sites More sharing options...
Popular Post Dave Hounddriver Posted March 10, 2015 Popular Post Posted March 10, 2015 What will it all mean to the expat who basically lives on a pension? I think history repeats. 10 years ago the busiest topic would have been: Live like a king on $1,000 a month. Now the busy topic is: Can you live on $2,000 a month. Thus 10 years from now I predict the busiest topic will be: Surviving the Philippines on $4,000 a month. 9 Link to comment Share on other sites More sharing options...
Jack Peterson Posted March 10, 2015 Posted March 10, 2015 I am wondering what others see for the Philippines between now and ten years time. it is not so odd as one would think, We did this sort of thing 10+ years ago, you are right it is on the move but then we thought that 10 years ago, many things have changed, some for the better and many for the worse, There is no doubt that prices will rise and the Cost of Living may well double who can say but what I have noticed is that the gap between the Rich and the poor like in so many countries has in deed got wider. For me if the money is there Rolls will do well, if it the car is on Credit and this will always be the stumbling block here I could see an awful lot of Repo's and a Forecourt Closure. There needs to be an awful lot to be done on Infrastructure, Facilities for Tourists are not there just now for the demand expected. To me they have got this round the wrong way, get them in First and feed them Later won't work in the Long Run. On a personal note, My House is paid for, She still works (Pension in 10 years) so I think should I be around, our life will to me be pretty much the same as it is now. There is no Doubt that given the Amount of Money there is already, Things can and should be done Sooner than Later. The only drawback to all this is the usual things we talk about so often, The Little man in the Street, The Indigenous, wont get any Richer and if things change as we would expect, I feel the Philippines is going to have a Big Problem such as Mid Africa, where the health and stability of those people can only get Worse. JMHO of course. JP :tiphat: 1 Link to comment Share on other sites More sharing options...
Popular Post jon1 Posted March 10, 2015 Popular Post Posted March 10, 2015 I think that nothing will change for the lower classes and the rich will get richer. There is no control of infrastructure impediment and it will progressively get worse. The mentality here does not support the country ever being First World. From the corruption as seen as acceptable to the average person just tossing their litter in the street or watersheds. It would take a huge shift in the public's mindset to ever make any significant changes and "progress". There is no sense of getting things done to a "higher" standard. Without accountability (real standard law enforcement, no corruption, a real functioning justice system, code enforcement, city planning and the public adhering to all of this), nothing will ever change. 11 Link to comment Share on other sites More sharing options...
Popular Post ironmaiden Posted March 10, 2015 Popular Post Posted March 10, 2015 Well prices for sure are going to rise, so for those on a fixed pension it's going to get tougher. And certainly now that certain foreign currencies are way down, imagine getting paid in euros, down from 62 to 47,5 in just 1 year. The one thing that doesn't change is that virtually the whole country runs on remittances from OFW's, and if they are getting paid in foreign currencies that are going down, and life here in the Philippines gets more expensive... How long can this continue? I still don't see any industries, the only jobs I see are in special economic zones like Clark, callcenters... The whole country is still full of large families of which 1 or 2 members have work and all the others doing nothing, like it has always been. And as long as the government stays anti foreigner I don't see this becoming a "first world" country. Maybe it's all not too bad, when the third world war breaks out, we can all go to the Philippines cause everything seems to happen 20 years later here... 10 Link to comment Share on other sites More sharing options...
ironmaiden Posted March 10, 2015 Posted March 10, 2015 There is no sense of getting things done to a "higher" standard. That is 100 % right. You can see it everywhere. I just finished building my house and sometimes it just looks as if everyone is blind. You can tell someone to retouch a certain thing, and they will retouch the part you pointed at. Everything more than 10 cm off in any direction seems to be non existing for them. In the end, we did a lot of it ourselves, it's the only way to get it done right... 1 Link to comment Share on other sites More sharing options...
i am bob Posted March 10, 2015 Posted March 10, 2015 I don't think we can really answer this question until we see who wins in the next election... Will it be somebody who is going to keep the country climbing or someone who will bring back corruption for him and his buddies... Will the country continue up or go back down in poverty? 5 Link to comment Share on other sites More sharing options...
Popular Post MikeB Posted March 10, 2015 Popular Post Posted March 10, 2015 Nothing changes here, the rich get richer and the poor have babies. On and on.... 6 Link to comment Share on other sites More sharing options...
Jollygoodfellow Posted March 10, 2015 Author Posted March 10, 2015 I still don't see any industries, the only jobs I see are in special economic zones like Clark, callcenters... Would have to disagree unless you mean just in your local area. A google search will show lots of new production plants in operation or soon to be. This one just from yesterday, http://www.philstar.com/business/2015/03/09/1431427/bulacan-host-philippines-biggest-steel-plant 3 Link to comment Share on other sites More sharing options...
Jollygoodfellow Posted March 10, 2015 Author Posted March 10, 2015 Nothing changes here, the rich get richer and the poor have babies. On and on.... Thats what you see from a narrow view. I keep up with Philippines news, It is emailed to me via google and I see a different picture from new infrastructure, manufacturing moving to the Philippines such as "Apple" computer parts and much much more. I read about all the things being built such as malls, all of this provides jobs so it can't be just the rich as the more who work then the more middle class there is which is creating a change. Look at the high class nightclubs that people can afford to go to these days, take a look at Makati and many other places with fine restaurants everywhere. Its not just the rich getting richer its the average person too. 3 Link to comment Share on other sites More sharing options...
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