UBS Asian Economic Comment - Philippines: Exports and policy settings

Summary

- Philippines export growth was weaker than expected at -39.1% in
February after -40.1% in January. This was broadly as expected by
consensus and reflected a stabilisation in the level of exports.

- We would hesitate before getting too negative on this data from a risk
market perspective. Chart 2 shows that the decline in Philippines
exports since mid year-2008 was not out of line with regional peers.
Moreover, the Philippine data was for February. Already released March
data elsewhere suggests an improvement.

Download file here: http://depositfiles.com/files/rjpxazs7e

UBS Asian Economic Perspectives - ASEAN housing markets - opportunity or threat?

Summary

- Opportunity and threat

Will Southeast Asian housing markets provide a bulwark for the economy
in coming quarters or accentuate the crisis? This question matters.
Housing is a key part of household balance sheets in Southeast Asia,
with owner occupancy rates running from 71% in the Philippines to 90% in
Singapore and rural Indonesia. Changes in housing prices and valuations
will impact consumer spending decisions, household collateral for credit
and construction activity.

- A proprietary scorecard approach

We adopt a proprietary scorecard approach to gauging support for
Southeast Asian housing market valuations. Combining metrics for 1)
housing supply and demand; 2) the availability of credit; and 3)
discount rates, along with an assessment of government policy, we assess
both the cyclical and structural changes facing Southeast Asia's housing
markets.

Download files here: http://depositfiles.com/files/91ncvacpe

UBS Asian Economic Comment - Philippines: Remittances Holding Up

Summary

- Overseas Filipino Worker Remittances grew 4.9% in the year to February
2009. The level of remittances rose to 1.32bn US dollars from 1.26bn US
dollars in January.

- This was better than we expected; the normal seasonal change is for
remittances to remain relatively stable in February compared to January.

- As we highlighted in Southeast Asian Focus - Philippines: Important
signposts; Ed Teather; 3 April 2009 remittances have, as one should
expect, experienced much less downside than exports in recent months
(see chart 1). Positively, the BSP governor attributed the rise in
remittances to a rising deployment of workers and a slowdown in the
increase in the number of reported layoffs. The increase in the number
of workers deployed in January and February was 27.3% on the year.

Download entire file here: http://depositfiles.com/files/jyr2z3pe0

Impact of the Global Financial Crisis to RP Economy

The good thing of being in the media is that you’ll get story straight from the source. The other good thing is that you can get a copy of their presentation.

Last month, Manila-based business reporters were given a seminar on the effects of the global financial crisis on the Philippines.

These were the files presented during the seminar. Download the files now before it gets deleted.

Link to folder:

http://depositfiles.com/folders/18GHUBEYW

BSP Policy Responses to Challenges Facing the Philippine Economy

Presentation by FRANCISCO G. DAKILA, JR.

Center for Monetary and Financial Policy

Bangko Sentral ng Pilipinas

Download link: http://depositfiles.com/files/x1c2hwcnt

The Philippine Electronics Industry

Presentation by ERNIE SANTIAGO

President of SEIPI

Download link: http://depositfiles.com/files/7lg9oqrxz

What’s Next? The Philippine IT-BPO Industry

Presented by OSCAR R. SAÑEZ

President & CEO

Business Processing Association Philippines

Download link: http://depositfiles.com/files/5tus1893d

Investment Opportunities in Times of Crisis

Presented by PHILAM ASSET MANAGEMENT INC.

Karen M. Roa, President & CEO

Gina Goco-Morales, Executive Vice President

Download link: http://depositfiles.com/files/m86qpce0u

Economic Impact on Capital Markets

Presented by EDUARDO V. FRANCISCO

Banco de Oro

http://depositfiles.com/files/wmoq0bxnf

The impact of the global financial crisis on employment

Presented by DOLE Undersecretary ROSALINDA D. BALDOZ

http://depositfiles.com/files/g8g0o1ipv

The Catholic Times January-February edition

If you’re a Catholic, devout or not, check out The Catholic Times newspaper. The Catholic Times is a Manila-based, monthly newspaper focusing on events, issues and concerns affecting the Philippine Catholic Church—from religious to political, from arts to business—at the local, national, and international levels. Its objective is to promote the teachings of Christ and the doctrines of the Catholic Church in order to give the faithful a sense of affirmation and purpose amid changing and difficult times, and growing disenfranchisement in the Church and society at large.

The paper is just new, so its circulation is limited. But its future is promising as it is privately-run and it is not influenced by the Catholic Bishops Conference of the Philippines.

To download the latest copy of the paper, click here: http://depositfiles.com/files/6qx3nli6f

Other downloads:
Maritime_Observer_Mar3109_1_.pdf
http://depositfiles.com/files/u5c6v69nd

On Asean asean_180309.pdf
http://depositfiles.com/files/6e6phnz1c

03-16-09_PH_central_bank_watch_getting_cautious.pdf
http://depositfiles.com/files/b66fsk0qm

FI_Focus.040309.pdf
http://depositfiles.com/files/nfwqdk3dr

Before-and-Today_(1).zip
http://depositfiles.com/files/l1frxdi7h

2009_02_04_1Q_The_year_of_the_castrated_bull1__2_.pdf
http://depositfiles.com/files/wnwfj6sir

Down_to_the_wire_(03-05-2008).pdf
http://depositfiles.com/files/ej6blb66b

On asean_060309.pdf
http://depositfiles.com/files/poafltqq6

GET_WOMEN_2009_FINAL.pdf Paper
http://depositfiles.com/files/lq29cvt2m

Free Download Maritime Observer Issue

Get the latest news on Filipino seafarers and everything else happening at the Philippine maritime world from Maritime Observer newspaper. The paper is just new and had just undergone some management changes months ago.

For this March issue:
GENERATING JOBS THRU EDUCATION AND TRAINING
MARINA MAKING WAVES 10-POINT PROGRAM
INFORMATION ON HOW THE EARTH WAS MEASURED

Download the whole paper now, before time runs out: http://depositfiles.com/files/u5c6v69nd


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