PHILIPPINES NOT THE MEANEST PLACE ON EARTH

THE PHILIPPINES IS NOT THE MEANEST PLACE IN PLANET EARTH AS WHAT THE SELF FLAGELLATING PESSIMISTS WOULD LIKE TO PROJECT ABOUT OUR COUNTRY.

Here are some of the countless positive developments, which the print and broadcast media would NOT even consider as news of interest:

1. PHILIPPINE AIRLINES FLIES HIGH, POSTS PHP1.50 BILLION PROFIT IN ONE QUARTER

This is among the most amazing turn around in the Philippine corporate history – from the brink of bankruptcy a decade ago back to a financially vibrant rehabilitated company ready to carry on the pride as the Philippine International Carrier.

2. TOYOTA MOTORS PHILIPPINES INC. HIKED EXPORTS OF AUTOPART BY 28% IN THE FIRST HALF OF 2005 TO USD 231 MILLION FROM USD 181 MILLION IN THE SAME PERIOD LAST YEAR

This proves the Philippines is a country that can manufacture technology products and compete with the best in the international market. Who says that the Philippines could not manufacture its own product?

3. LAFAYETTE MINING CONFIRMS BIG GOLD AND SILVER DEPOSITS IN RAPURAPU ALBAY

One of the pioneering company which availed of the new Philippine Mining act granting 100% foreign ownership.

4. THE CONSORTIUM OF SHELL PHILIPPINES EXPLORATION, SOUTH CHINA RESOURCES AND KUWAIT FOREIGN PETROLEUM TO START OIL AND GAS DRILLING PROJECT IN OFFSHORE NORTHEAST PALAWAN AT A COST OF PHP1.30 BILLION

This confirms the high level of confidence by oil exploration companies in the oil reserve potentials in the Philippines.

5. AUSSIE FIRM TO INVEST USD 117 MILLION or PHP 6.50 BILLION ON COPPER GOLD PROJECT

Even the Aussies gold miners are coming back after their debacle in the 80’s.

6. ePLDT EXTENDS Wi-Fi COVERAGE TO USA ASIA

Smoke signal will be a Jurassic era word.

7. THE PHILIPPINE CALL CENTER INDUSTRY IS ONE OF THE FASTEST GROWING SECTOR WITH GROWTH RATE OF 100% PER ANNUM. IT IS EXPECTED TO GROW TO 60,000 SEATS AND 96,000 EMPLOYEES, EARNING TOGETHER WITH RELATED BUSINESS PROCESS AN ESTIMATED USD 960 MILLION OR PHP53.76 BILLION ANNUALLY

My goodness ! that means a lot more people working at night shift and jostling with the GRO’s and MASCULADOS for transport back home early in the morning.

Posted by: Jorge O. Macenas