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The PHILIPPINES is poised to be among the 20 economies that will dominate Global Economic Growth.
Read more: Bloomberg  Philippines welcomes 8-Millionth tourist Yachiyo Imamoto from Yokohama, Japan.
Foreign tourist arrivals in the Philippines have registered milestone figures this year, reaching a record 6-million-plus mark in the first nine months of the year, registering a 14%+ improvement over the 2018 numbers. The Philippines has been praised for its beauty and charms by many visiting tourists, among the more recent is Canadian Devon Sawa – the human form of Casper The Friendly Ghost – who spent the holidays in the Philippine islands. Read more: GoodNews Pilipinas  After being named as one of the 19 places to go in 2019, Siargao made it to international and lifestyle magazine Condé Nast Traveler’s list anew as one of the world’s 20 best holiday destinations for 2020.
Read more: Philippine Star  PHILIPPINE economic growth will be an “exception” in a region feeling the effects of the US-China trade war, Nomura Global Markets Research said in a report, adding that its forecasts for Philippine economic growth are “above consensus” at 6% in 2019 and 6.7% in 2020.
In a report published Monday, “Asia in 2020: Glass half full and half empty,” Nomura Global Markets Research added: “In the Philippines, we expect a V-shaped pickup in growth, driven by accelerating public investment spending and strengthening overall domestic demand. We therefore reiterate our above-consensus GDP growth forecasts of 6% in 2019 and 6.7% in 2020 (Consensus: 5.8% and 6.1%, respectively),” it said. Nomura Global’s 6% estimate for 2019 is scaled back from the 7.1% projection it made in 2018, and lower than the 6.2% rise in 2018. The government’s official target range is 6-7% for 2019 and 6.5-7.5% for 2020. Nomura Global said the “Philippines has fared relatively better” than some of its neighbors that were affected by the US-China trade war, which resulted in scaled-back growth forecasts for Singapore and Thailand. Read more: Business World  NEW CLARK CITY — Team Philippines’ top officials have already called it: Team Philippines is the 30th Southeast Asian Games overall champion once again.
Philippine Olympic Committee chair Steve Hontiveros said that with 88 golds early Sunday, the country is runaway leader heading to the last three full days of competitions. Read more: Philippine Daily Inquirer  The Philippines' Mactan Cebu International Airport (MCIA) Terminal 2 has won an award at the World Architecture Festival, beating transport stations in other countries.
MCIA won the festival's Completed Buildings-Transport category, edging out Singapore's Jewel Changi Airport, Hong Kong West Kowloon Station, Sydney Australia's Barangaroo Ferry Wharf, and several other structures. "The architecture of Terminal 2 was designed by multi-awarded firm Integrated Design Associates (IDA) Hong Kong and its Principal Architect, Winston Shu, in collaboration with world-class Filipino designers," MCIA said. Read more: ABS CBN TAIPEI (Taiwan News) — Taipei retains its title as the best city for expats to live and work according to InterNations, one of the world’s largest expat networks.
In the InterNations report titled, "The Best & Worst Cities for Expats in 2019," Taipei defended its first-place ranking from last year. The organization said that Taipei maintained its spot at the top because of the local quality of life. Trailing Taipei in second place was Kuala Lumpur, followed by Ho Chi Minh City, Singapore, Montreal, Lisbon, Barcelona, Zug, The Hague, and Basel. The bottom 10 spots included Yangon, New York City, Lima, Los Angeles, San Francisco, Paris, Lagos, Milan, Rome, and in last place at 82nd, Kuwait City. InterNations generated the rankings after surveying more than 20,000 expats in 82 cities around the world and ranking the metropolises in four major indexes: Quality of Urban Living, Getting Settled, Urban Work Life, and Finance & Housing. Respondents were asked to rate more than 25 aspects of life in a given city on a scale of one to seven. A respondent from Paraguay, one of Taiwan's remaining diplomatic allies, praised the convenience of Taipei: "I love the convenience of everything in Taipei: access to food, great transportation, and cheap medical service." Read more: Taiwan News  The Philippines might get a chance to host a much bigger and much larger sporting event than the Southeast Asian Games (SEA Games) as the country was encouraged by the Olympic Council of Asia (OCA) to bid for the hosting of the Asian Games in 2030.
OCA Honorary Life Vice President Jizhong Wei of China suggested that the Philippines seriously consider bidding for the bigger event after observing and experiencing the ongoing 30th SEA Games which will run until December 11 in the Philippines. Wei told reporters during a press briefing on December 2 that he was impressed with the New Clark City sports facilities and the indoor Philippine Arena, noting that other countries do not have the same kind of facilities. Read more: Good News Pilipinas  (UPDATED) Dancesport added to the Philippines’ medal haul early, plucking five gold medals in the standard category of competitions in 30th Southeast Asian Games on Sunday.
The pair of Sean Mischa Aranar and Ana Leonila Nualla danced their way to three gold medals, ruling the Tango, Viennese Waltz and Five Dance events. The duo Mark Jayson Gayon and May Joy Renigen, meanwhile, got top prize in Standard Waltz and Slow Foxtrot. They settled for silver in quickstep. Read more: Philippine Daily Inquirer  Jakarta. Economic growth among member countries of the Association of Southeast Asian Nations has consistently outperformed that of the global economy, but some initiatives remain work in progress, according to a new report.
Officially launched on Tuesday, the Asean Integration Report (AIR) 2019 showed Asean as the fifth largest economy in the world in 2018 with a combined GDP of $3 trillion. In the same year, Asean became the fourth leading powerhouse in global trade by taking over 7.2 percent of global trade in goods and 6.6 percent in services. Asean was also deemed an attractive proposition in the global investment floor, taking up 11.9 percent of the total global foreign direct investment (FDI) in 2018, placing them third after the European Union and the United States. Read more: Jakarta Globe |
ABOUT PTIC TAIPEI
The Philippine Trade & Investment Center in Taipei is the Commercial Affairs Section of the Manila Economic and Cultural Office and the representative office of the Philippine Department of Trade & Industry in Taiwan Archives
May 2020
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