Japan: Philippines A Good Payer

[monroy]

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It is very risky to rely heavily on remittances from our OFWs (roughly 13% of GDP) and DFIs (which is actually very small) from BPO companies (they do provide much needed jobs for our educated unemployed workforce). We should not put our eggs in one basket. But, back to topic, the Japanese are quite shrewd in giving loans. Interest rate might appear to be very low but they more than make up for this (and earn much more) by ensuring that Japanese companies and consultants get the bulk of the contracts.

You're smart to make that observation. And if you consider that loans in Japan are 0% then you will see that the interest rate is high by Japanese standards.

[SioDenz]

It is very risky to rely heavily on remittances from our OFWs (roughly 13% of GDP) and DFIs (which is actually very small) from BPO companies (they do provide much needed jobs for our educated unemployed workforce). We should not put our eggs in one basket. But, back to topic, the Japanese are quite shrewd in giving loans. Interest rate might appear to be very low but they more than make up for this (and earn much more) by ensuring that Japanese companies and consultants get the bulk of the contracts.

Unsaon man sad atung govt nga naa man unta to mga govt-owned corporations sa una gipang privatize man.

[flanker]

i don't know much about this but i do hope this is true and the Philippines continue to do well

maybe in 15-20 years hopefully.

[lhorenzoo]

we ordinary and nation loving filipinos must do our share in paying the correct taxes and that the bir must also do its share that tha taxes are not going into their pocket but instead to the national govt. to be able to fulfill payment obligations on time .....