First World Philippines

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Posted

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? 

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Posted

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:

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Posted

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...

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Posted

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?

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Posted
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

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Posted

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.

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