Quick Philippine News (1-29-08)
This edition of quick Philippine news is all about the economy. There are some good news brewing, from the look of things.
* “Philippine property developer Robinsons Land Corp and JP Morgan said Monday they had formed a strategic alliance to tap the growing army of overseas Filipino workers.” (via AFP) – Real estate development has been on the overdrive for quite some time now. The target is the dollar-earning population of overseas Filipinos who are looking to buy a residence in the Philippines, either for investment or as a place to come home to once in a while.
* “Entertainment group Viva Communications Inc will list a total of 408.9 million shares on the Philippine Stock Exchange (PSE) on March 5, following an initial public offering from February 20 to 27, a regulatory filing showed on Monday.” (via Forbes) – Viva has been around for ages, and it’s one of the strongest entertainment companies in the Philippines. Maybe now’s a good time to get a piece of the Viva pie.
* “Local game developers are looking to ride the outsourcing wave and likewise get juicier contracts from overseas.” (via Inquirer blogs) – Gaming is a huge market and it’s likely to just increase over time. Looks like outsourcing in many different fields is becoming/will become a very lucrative source of income for the country. Why not, since the Philippines has been sending out its talents for decades. Outsourcing has just enabled some of these talents at least to stay in the country.
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