PHILIPPINES: "COLONIZING IN THE MODERN AGE"

MANILA PHILIPPINES:

The Philippines has struggled so much eversince the country existed. In the modern age, many have mistakenly think that we have overcome the colony.

To mention a part of the history, the controversial SPANIARDS, JAPANESE, -- and in the modern era CHINESE, KOREANS, INDIA, JAPAN-US

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In 2006 and 2007, China’s stock markets had enjoyed a spectacular performance. As a liquidity-driven market, a bullish market will bring in more liquidity and the bubble could become even bigger. Large amount of money channeled through investment funds was one of the most important boosters. In 2006 and 2007, China investment funds raked in RMB 388.8 billion and RMB 464.2 billion, respectively, through initial public offerings or IPOs. In turn, the Shanghai Composite Index, which covers both A and B shares listed on the Shanghai Stock Exchange shot up to 6,124 on October 16, 2007. But the bubble started to burst. As of May 30, 2008, the index closed at 3,433, indicating a minus 34.9 percent year-to-date return, or 43.9 percent lower than the record high.

When the sentiment turned sour, the engine started to switch off and the market only fell at an accelerating speed. On April 30, even after extending the IPO period, China Nature Innovation Pioneer Equity Fund, managed by China Nature Fund Management Company, received RMB 284 million proceeds from fund offering, which hit the all-time low for an investment fund launched in China. RMB 200 million is the threshold to establish an investment fund. And the lukewarm response to China Nature Innovation Pioneer Equity Fund is not a single case.

In addition, some economist believe that the life of ECONOMY lies on TOURISM. The article below states that KOREANS emerging KOREAN BUSINESSES BEING LINK TO LOCAL COMPANIES, --that contributed high growth to the submerging economy:

IPVG ties up with key Korean businesses 
to bolster emerging target markets

Listed information and communications company IPVG (PSE: IPVG) is keen on strengthening two of its target growth markets and has strategically partnered with key Korean businesses that would ultimately contribute to the growth of both economies.   

Just recently, IPVG has inked major partnerships with Korean companies - Jungchul Academy Philippines, Inc. (JCAP) . - that will help further the English-learning market and i-Café business community, two of IPVG's potential growth markets. 

According to IPVG CEO Enrique Gonzalez, the Korean phenomenon is one of the major drivers of growth in the Philippine economy. 

SOURCE : MANILA TIMES