UPGRADES MAKE PHILIPPINES EVEN MORE
ATTRACTIVE TO FOREIGN INVESTORS
FOLLOWING MOODY'S CREDIT RATING UPGRADE FOR THE PHILIPPINES, Moody's Investors Service next day raised the foreign currency deposit rating of the country's seven biggest banks.
The seven comprise two government banks: Land Bank of the Philippines and Development Bank of the Philippines, together with five owned by big conglomerates: Banco de Oro Unibank, Bank of the Philippine Islands (BPI), Metrobank Group, Philippine National Bank and Rizal Commercial Banking Corp. Moody's also stated that two others, Allied Banking Corp and United Coconut Planters Bank, were unaffected as none of their ratings are constrained by the deposit or debt ceilings of the Philippines.
Moody's is an essential component of the global capital markets, providing credit ratings, research, tools and analysis that contribute to transparent and integrated financial markets. Moody's Corporation (NYSE: MCO) is the parent company of Moody's Investors Service, which provides credit ratings and research covering debt instruments and securities, and Moody's Analytics, which offers leading-edge software, advisory services and research for credit analysis, economic research and financial risk management. The Corporation, which reported revenue of $2 billion in 2010, employs approximately 4,500 people worldwide and maintains a presence in 26 countries. Further information is available at www.moodys.com.
Philippine Budget Secretary Florencio Abad said the upgrades reflect President Aquino's efforts to fight corruption and put fiscal reforms in place, and also help the Philippines become a more favorable destination for foreign investments.
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"Let us end the culture of negativism; let us uplift our fellow Filipinos at every opportunity. Why are there people who enjoy finding fault in our country, who find it so hard - as though it were a sin - to say something nice? Can we even remember the last time we praised a fellow Filipino?"
"Let us stop pulling our fellow man down. Let us put an end to our crab mentality. Let us make the effort to recognize the good that is being done."
"If you see something right, do not think twice - praise it. If you see a policeman directing traffic, coatless beneath the rain - go to him and say, "Thank you.""
"If you fall sick, and you see your nurse caring for you, when she could easily be treating foreigners for a higher salary - say, "Thank you.""
"Before you leave school for home, approach your teacher who chose to invest in your future - say, "Thank you.""
"If you chance upon your local leader on a road that was once riddled with holes, but is now smooth and sturdy - go to him and say, "Thank you, for the change you have brought.""
THANK YOU P'NOY FOR WINNING AGAINST ROBBER POLITICIANS AND GIVING OUR NATION BACK TO ITS LAWFUL OWNERS: THE FILIPINO PEOPLE.
"Do you want the corrupt held accountable? So do I. Do you want to see the end of wang-wang, both on the streets and in the sense of entitlement that has led to the abuse that we have lived with for so long? So do I. Do you want to give everyone a fair chance to improve their lot in life? So do I."
"I say to those who would lead us astray: if you will further disadvantage the poor, do not even think about it. If all you would do is to fill your own pockets, do not even think about it. If it is not for the benefit of the Filipino people, do not even think about it."
"If we ignore the crimes of the past, they will continue to haunt us. And if we do not hold people accountable, then they will do it again and again."
"To those of you who would turn back the tide of reform: you will not succeed."
(Read the full English translation of President Aquino's 2011 State Of the Nation Address)
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Email our publishers for a free copy of our e-book "F3 Filipino Feelgood Factor", which is a short fiction story plus (in the same digital edition) a compilation from some of the original books that inspired The Secret movie. It will be emailed directly to you as a PDF attachment. You'll need a free Adobe Reader on your computer (click on above logo if you don't have it).
This e-book won't cost you a single centavo, because we are sponsoring this bundled digital version of F3 for our publishers to distribute free, and all the original books on which The Secret was based are out-of-copyright, so there are no royalty fees to pay on them. English language of around a century ago may seem old-fashioned to us today, but the selections are easy to read and will tell you all you want to know about the Law Of Attraction and more in greater detail than the TV movie or its tie-in book.
FREE is a pretty good deal compared with paying a mentor/coach to tell you the same thing, or buying expensive new books on the subject by authors who merely rehash out-of-copyright books into modern English as if the original content was theirs.
New in 2012, our publishers have another edition (above right) - this time sponsored by Santa Rosa Magazine - for Filipinos, which features Jose Rizal's non-fiction classic "The Philippines A Hundred Years Hence" with the "F3 Filipino Feelgood Factor" short fiction story as a modern lead-in. This bundle includes Rizal's ignored Defence and the Farewell Address that he wrote 15 days before his execution by the Spanish occupying forces, who banned it from release to the Philippine people.
The Philippine bundle is also FREE, and if you want both bundles just say so in your email to our publishers and they will send both to you ABSOLUTELY FREE.
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Congratulations to Miss Universe 2011 (above right), Leila Lopes from Angola,
and to our own Shamcey Supsup (above left), who was placed 3rd Runner Up,
one position higher than Venus Raj in 2010.
Editorial photos courtesy of Miss Universe Organization. (More...)
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FURTHER GOOD NEWS FOR FILIPINOS
ALSO IN 2011 the International Labour Organization passed a new treaty giving protection to the 53 million domestic workers all over the world, many thousands of whom are Philippine OFWs, giving them equal conditions to other workers and equal support if they are personally abused or their internationally agreed working conditions are not met. According to government statistics, currently some 9 million Filipinos work overseas and their monthly remittances from every corner of the globe form the foundation of our country's strong and stable economy.
The same week, it was announced by Cebu Pacific's President and CEO Lance Gokongwei that the Philippines' most successful airline had just placed the "biggest aircraft order ever made by a Philippine carrier". Deliveries of 30 Airbus A321neos and 7 Airbus A320s will start in 2015, augmenting the 18 A320s already on order for delivery starting this year, and the company has an option for 10 more A321neos which can carry more people and fly further than the A320s. Mr. Gokongwei said: "The A320 Family has played a key role in enabling us to build an efficient, profitable, value-based business. The 220-seater A321neo will be a game changer for Cebu Pacific. We will be able to serve cities in Australia, India and northern Japan." Airbus is itself an inspiring success story that began in 1967 when government ministers from Britain, France and Germany met in London to launch a European consortium for development of the A300 and compete with the Americans who then held more than 80 per cent of the world market. Today it's a large, complex, high-tech operation based at Toulouse, France, and it now consistently captures about half of all commercial airliner orders.
FILIPINO FEELGOOD FACTOR 21st CENTURY PHILIPPINES
ANGEL TUGADO'S SYDICATED PAGE OF COMMENTS ON PHILIPPINE NEWS
MAGAZINE OF SANTA ROSA CITY LAGUNA PHILIPPINES SINCE 2007
MAGAZINE OF SANTA ROSA CITY LAGUNA PHILIPPINES SPECIAL FEATURES
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