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World Bank: Philippines Economic Outlook is Strong

Published on July 20, 2011 By Tim Troutman

MANILA, July 6, 2011—Prospects for the Philippine economy remain favorable in 2011 as investments, private consumption and the services sector are expected to strengthen. The challenge now is sustaining the momentum of reform for achieving inclusive or broad-based growth that benefits the poor. Read the whole post here.

Poverty is not Caused by Population Growth

Published on May 11, 2011 By Tim Troutman

Bernardo Villegas has written a great article explaining why poverty is not caused by population growth.  Some in the Philippines are attempting to move the Philippines down the barbaric path of the Chinese by coercing citizens to limit their offspring.  Villegas explains why this approach does not address the actual problems that cause poverty. Usually [...]

World Bank Suggests Ways to Help the Poor

Published on August 25, 2010 By Tim Troutman

This is an interesting report from the World Bank.  Among the suggestions to help alleviate poverty are improving the investment climate in the Philippines, and education. The World Bank has suggested two strategies to make the poor feel the benefits of a rising economy. The first is to increase income-generating opportunities for the poor. This [...]

Aquino Vows to Rebuild the Philippines

Published on August 19, 2010 By Tim Troutman

President Aquino vowed to “rebuild the Philippines” in a recent speech at an international auto show.  His presidency appears to mark a new era in renewed economic confidence that the Philippines may continue to grow and establish itself as a competitor in the global economic market.  The Philippines has a long way to go of [...]

ABS-CBN Posts Record Profit Growth

Published on August 17, 2010 By Tim Troutman

ABS-CBN is a corporate giant in the Philippines.  This is good news for the Philippine economy.   They also operate a successful foundation. It’s also good news for my wife that they won’t be going out of business any time soon.  She watches their programs religiously via the internet! MANILA, Philippines (Xinhua) – ABS-CBN Broadcasting [...]

Value of Peso Drops Against the US Dollar

Published on August 14, 2010 By Tim Troutman

The value of the Philippine Peso is currently at 44.9 pesos per US dollar.   The recent shrinkage in value against the dollar has caused debt stocks to rise according to the National Treasurer. MANILA, Philippines (Xinhua) – The government borrowed on net basis P4.5 trillion ($100.2 billion) worth of funds from foreign and domestic [...]