Did The China Stopped The Flow Of Water To India Philippines In 2014: A Forecast For The Future

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Philippines In 2014: A Forecast For The Future

The top forecast for the Philippines in 2014 is a massive economic growth of 6.5-percent. According to International Monetary Fund (IMF) representative Shanaka Jayanath Peiris, strong private and public consumption in the Philippines will generate a positive outlook this year surpassing five other Southeast Asian countries namely Indonesia, Malaysia, Thailand and Vietnam. “This year, the pace is growing faster. That’s coming from financial spending, and the second quarter looks very strong,” said Peiris. “Usage remains difficult.” The Philippines’ annual growth rate unexpectedly surpassed China’s in the first quarter of last year.

With the projected economic growth comes increased traffic and business activity in the capital and other high-income neighborhoods. According to Charles Chesbrough, an economist at IHS, the global auto industry is expected to generate 85-million in sales in 2014 from 82-million in 2013. Global growth in car sales is encouraged by the rising power of emerging economies. as well as regulation of fuel prices. In the Philippines, this is shown by the expected economic growth this year. The expected growth of private transport means that the national government and its local authorities should seriously look at the deteriorating traffic conditions and accidents in the country and focus on improving traffic flow and increasing safety. the streets.

In addition to the growth of movement and transportation, real estate and construction growth is also projected to continue. Real estate growth in 2014 in the Philippines, from high-income districts to suburban capitals was largely driven by the “strong performance” of the industry. The World Bank also reported that in 2013, the country built 10,600 additional properties.

Economic growth has also attracted top brands to further expand business in the country, bringing more job opportunities. Rolls Royce and Louis Vuitton continue to do business and expand their brands in the region making the Philippines their base of operations.

The positive growth of the country is directly linked to the increase in remittances from the Philippines. The Central Bank of the Philippines (BSP) said that the country is the fourth largest recipient of remittances, mostly from the Middle East and the United States. Remittances are forecast to set a record high of $23.6 billion. Filipino workers are constantly needed abroad, contributing to the economic growth. Remittances sent by Filipinos abroad not only contribute to the domestic disposable power of the Filipino household but also act as the country’s foreign exchange reserves during economic crises.

As a result of the numerous natural disasters surrounding the country, the National Commission for Culture and the Arts (NCCA) adopted various themes for healing activities, starting with the 2014 Philippine Art Festival and National Arts Month. NCCA would like to emphasize the healing power to bring comfort and to help cope with loss and stress in art. The ability of art to heal has been well established especially in dealing with various stresses and traumas. NCCA will focus on various activities including healing arts to reflect Filipino culture. There will be various exhibitions, workshops, conferences, lectures and competitions including films and dance.

The names of tropical storms that will hit the Philippines in 2014 will have the following names, in order: AGATON, BASYANG, CALOY, DOMENG, ESTER, FLORITA, GLENDA, HENRY, INDAY, JOSE, KATRING, LUIS , MARIO, NENENG, OMPONG, PAENG, QUEENIE, RUBY, SENIANG, TOMAS, USMAN, VENUS, WALDO, YAYANG, ZENY.

After its successful Manila-London direct flight, the national carrier Philippine Airlines hopes to expand its services to other destinations in Europe this year. PAL president Ramon Ang revealed plans to serve key destinations including Paris, Rome and Amsterdam, with Frankfurt at the top of the list as the largest rail hub in other European destinations. Ang reiterated that PAL aims to pay back the millions of overseas Filipinos who used PAL services. There are over half a million Filipinos in Europe whom PAL wants to repatriate to the Philippines. However, since its first flight in London in November, the response has not been as good as expected. Filipinos living in London expressed their displeasure with PAL services. For starters, Diane Fauner who traveled from Heathrow to Davao with PAL to support the National Carrier posted on her FB account that PAL (again) delayed her departure mainly due to strong winds and this time PAL can be forgiven. The departure room was very small and the passengers (elderly and children) who did not have a seat had to sit on the floor while waiting for the delayed flight. This made it uncomfortable for the 300 passengers to be together in the small lounge. When Ms. Fauner, who was flying with a child under the age of five and a connecting flight to Davao, was required to personally pick up her luggage from the Manila baggage check and place it at the transfer desk which was about 2-meters away. Avoiding the carousel to transfer its domestic flight to Davao, something that other airlines do directly to connect passengers to the flight. This explains the lack of local code sharing between PAL and other carriers. A further observation she made was that PAL participants who were supposed to be smiling friendly in the sky were actually angry. Most of them ignored the service light and no one went to see if the passenger needed anything or if the passenger was wearing a seat belt when the seat belt indicator was on. Food and water were not readily available and the food arrived late on the flight. Overall, Ms. Fauner rated the flight as uncomfortable as it could be and she and her family are not looking forward to the flight back to London this month. Another Filipino with a British husband who did not want to be identified, was flying with PAL for the first time and expressed his displeasure with the general cargo service.

According to the CAPA Center for Aviation, “PAL has secured seats at Heathrow but the flight times are not suitable because they do not support connecting services.” The London flight time limits the number of domestic connections in the overseas segment as it leaves Manila early in the morning (around 0800), arriving in London in the afternoon. Return flights are more convenient for connections as they leave London in the early evening, returning to Manila the following afternoon. But by offering only one-way connections PAL is limiting its options when trying to fill a 370-seat aircraft. PAL also lacks carrier companies. It does not currently have European codecs. PAL is also the largest flag carrier in Southeast Asia that is not in an international alliance or in the process of joining an alliance. If PAL wants to capture the market in the Philippines and Europe, then it should improve its overall service and upgrade its service to match other international standards.

With the resumption of non-stop flights from Europe to Manila, tourism in the Philippines is expected to increase. After the European Union lifted the ban on trucking in the country, the government aims to attract 6.8 million tourists in 2014, which is 24 percent higher than the target. Tourism Secretary Ramon Jimenez Jr. pressured by President Benigno Aquino III as he adjusts tourism targets. Jimenez admitted that lifting the EU’s flight ban and allowing PAL to fly to Europe is a good opportunity for Philippine tourism. “So we expect a big increase from these markets, including those from neighboring countries, when PAL flights are made available,” Jimenez said. With the P30-billion tourism development program budget, international tourism gateway groups are expected to be given a boost in development and investment.

While overall economic growth is unprecedented based on strong domestic consumption and investment, the Asian Development Bank (ADB) predicts that this growth is not matched by improved job opportunities and living conditions for many Filipinos. Norio Usui, a senior economist at the ADB and Celia Reyes, a senior researcher at the Philippine Institute for Development Studies noted that more than a quarter of Filipinos are still unemployed or underemployed. . “Job creation over the past two years has fallen short of the official goal of adding one million new jobs a year needed to absorb new entrants and reduce unemployment, now about three million people are unemployed and another 7.3 million are underemployed,” according to the ADB report. In contrast, a study by Global Human Resources revealed that most companies will increase their workers’ wages by 6.9% as they struggle to recruit and retain highly skilled workers. This increase is higher than HK, Singapore and Japan but behind China, India and Vietnam. Not good news for workers The government of the Philippines as Budget Secretary Butch Abad has canceled any salary increase for government employees in 2014. Abad noted that any increase was not paid in 2014. Phase 4 of the Wage Adjustment Act.

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