Wednesday, April 16, 2014

...the emerging cities of the future

Manila ranks 2nd in 'emerging cities of future' list

 

 04/16/2014
 
 
MANILA, Philippines – Manila is among the world's emerging cities likely to progress in the next two decades, according to a study by US-based consulting firm A.T. Kearney Inc.

The Philippine capital placed second in the ranking, lagging behind Indonesian capital Jakarta.


Jakarta, Indonesia

"Two Southeast Asian cities, Jakarta and Manila, head up the list of emerging cities most likely to progress. Although both cities are currently in the lower half of the GCI on the dimension of business activity, their rapid improvement on the ECO's leading indicators would allow them to reach the business leaders faster than any other low- or middle-income city in the world except São Paulo," the report said.

 
Manila, Philippines

A.T. Kearney said Manila “is bolstered by a relatively sharp increase in human capital indicators, with an especially notable improvement in healthcare quality and availability.”

The Philippines has seen rapid economic growth recently, with gross domestic product (GDP) growing 7.2 percent in 2013, surpassing the government’s target of 6-7 percent and one of the fastest in Asia.

A.T. Kearney’s Emerging Cities Outlook measured the likelihood that cities in low- and middle-income countries will improve their global standing over the next 10 to 20 years.

The study cited business activity, human capital and innovation in the emerging cities as indicators.

"Cities that wish to improve or maintain their global positioning must focus especially on strengthening business activity and human capital. As physical distances become less relevant and global competition intensifies, cities in emerging economies will increasingly jockey for position with one another and with cities in higher-income countries,” A.T. Kearney said in its report.


Addis Ababa, Ethiopia

Addis Ababa, the capital of Ethiopia, ranked third while Sao Paulo in Brazil and New Delhi in India ranked fourth and fifth, respectively.



Sao Paulo, Brazil

New Delhi, India

Rounding up the top 10 emerging cities likely to rise are

Rio de Janeiro,

Rio de Janeiro, Brazil

Bogota,


Bogota, Colombia
Mumbai,


Mumbai, India

Nairobi,


Nairobi, Kenya

and Kuala Lumpur.

Kuala Lumpur, Malaysia




 
 

Monday, April 14, 2014

...the best manufacturing relocation site

Foreign firms seen relocating to Phl


MANILA, Philippines - Several foreign manufacturing companies operating in China and in Southeast Asian countries are eyeing to relocate to the Philippines citing the available high-quality labor here, the Foreign Buyers Association of the Philippines (FOBAP) said.

In a statement from the Philippine Exporters Confederation Inc., FOBAP president Robert Young said two French investors are coming to Manila by the end of the month, while a number of Canadian, Chinese and American companies are visiting the country in mid-May to scout for investment opportunities.

Young said these are mid-sized manufacturers of garments, apparel, shoes, toys and housewares looking to invest around $500 million and employ 1,000 to 3,000 workers.

“These people are financially capable, they are ready, they mean business, they are serious... We are lucky if we get at least 10 initially from all parts of China and other ASEAN (Association of Southeast Asian Nations) countries,” he said.

Companies are moving out of China amid increasing labor unrest resulting in reduced labor pool, as well as higher capital costs.

The group is looking forward to the country becoming a beneficiary of the European Union’s Generalized Scheme of Preferences Plus (EU GSP+) citing that such will make the country an attractive and cheaper source of goods.

The Department of Trade and Industry submitted the Philippines’ application to the EU GSP+, a scheme which will allow more goods to enter the bloc at zero duty, in December.

The EU GSP+ covers 6,274 products which can enter the EU at zero duty.

At present, the Philippines is a beneficiary of the regular GSP, which covers 6,209 products, with 2,442 products subject to zero duty and the rest slapped with lower tariffs.

“Philippine goods will be duty free entry to EU. Also, (with) the forthcoming incentivized/subsidized labor, this makes investments in the Philippines attractive,” Young said.

By having new investments here, Young said FOBAP members which source products for foreign buyers, will have more factories and suppliers to choose from.

“Right now, we are running out of suppliers because in the past five years, they closed shops one by one. If they will come back, our own business will also flourish together with the Philippine economy,” he added.
 

Sunday, April 13, 2014

...the Pacman vindication

Pacquiao wins unanimous decision vs Bradley to reclaim WBO title


By Bong Lozada, Mark Giongco
Agence France-Presse, Associated Press, INQUIRER.net


Manny Pacquiao of the Philippines acknowledges the crowd just after his unanimous decision victory over Timothy Bradley during their WBO World Welterweight championship boxing match, Saturday, April 12, 2014, at The MGM Grand Garden Arena in Las Vegas. AP

LAS VEGAS/MANILA — Revenge was served, and it was cold.
 
Manny Pacquiao won a 12-round unanimous decision over Timothy Bradley on Saturday to avenge his controversial 2012 loss to the previously unbeaten American.
 
The Filipino ring icon improved to 56-5 with two drawn and 38 wins inside the distance as he regained the World Boxing Organization welterweight world title he lost to Bradley on June 9, 2012.
 
Although he couldn’t get his first knockout win since 2009, Pacquiao lived up to his pre-fight promise to come out with more aggression, denying Bradley’s avowed aim of sending him into retirement with another defeat.
“I think I can go another two years,” said Pacquiao, who has won world titles in an unprecedented eight weight divisions. “I’m so happy to be world champion again. Tim Bradley was not an easy fight.”
 
Bradley, who said he fought from the first round with a right calf injury, fell to 31-1, with 12 knockouts.
 
“Life goes on,” Bradley said of his first pro defeat. “It’s back to the gym. Not a big deal.”
 
“You won the fight, you deserved the win,” Bradley said. “I have no excuses.”
 
After a forgetful 2012, Pacquiao has now picked up two impressive wins in just five months following a dominant victory over Mexican-American Brandon Rios last November at the Venetian in Macau.
 
Scorecard
 
Judge Glen Trowbridge scored the bout 118-110 for Pacquiao, while both Michael Pernick and Canada’s Craig Metcalf saw it 116-112 for the ‘Pacman,’ whose every move was cheered by the star-studded crowd of 15,601 at the MGM Grand Garden Arena.
 
“Bradley is better from the first fight,” Pacquiao said. “He hurt me on the chin. He made adjustments.
“I knew I had to do more this time than I did the last time,” he added.
 
Pacquiao landed 35 percent of his 563 punches, while Bradley connected with just 22 percent of his 627 blows. Pacquiao’s jab was much more effective, landing 23 percent to Bradley’s measly 11 percent, and the Pacman had a slight edge in landing 148 power punches to Bradley’s 109.
 
Round by round
 
Pacquiao’s performance righted one of the biggest perceived wrongs in recent boxing history. Pacquiao was an eight-division world champion on 15-fight winning streak when Bradley was awarded a split decision in their last bout.
 
Pacquiao was more aggressive and accurate from the opening minutes of the rematch, sticking to trainer Freddie Roach’s pleas to take the action to Bradley. They exchanged big shots in the opening rounds, but Pacquiao appeared to wear out Bradley with the heavy early pace — and the Pacman never slowed down.
 
Pacquiao landed a series of big left hands in the early rounds, knocking back Bradley with gusto.
 
Bradley responded impressively in the fourth round, wobbling Pacquiao twice with a right hand.
The pace slowed in the fifth, with Bradley showing off his defense and movement while Pacquiao attempted to trap him against the ropes.
 
Pacquiao appeared to wobble Bradley late in the seventh round with a vicious combination, but Bradley stood with his back against the ropes and defiantly encouraged it, blocking most of the shots.
 
Bradley appeared to pretend to have wobbly legs at one point after a Pacquiao miss, but his open mouth betrayed his weariness while Pacquiao steadily racked up rounds midway through the fight.
 
Bradley came on strong in the 12th, and the fighters’ heads collided late in the round. Pacquiao avoided any trouble until the final bell, when he did a short dance step to his corner.
 
Pacquiao finished the fight with a cut over his left eye. Roach said Pacquiao needed stitches to close the jagged cut.
 
Old ‘killer instinct’
 
Saturday’s victory showcased more of the old “killer instinct,” with Bradley saying it was clear that Pacquiao was “going for it”.
 
But Roach said Bradley’s unexpected strategy of seeking a big knockout blow of his own caught him and Pacquiao by surprise.
 
“He was swinging for the fences all night,” Roach said of Bradley, who said he thought it was the only way he could win the fight.
 
But as the pace slowed in the later rounds, Pacquiao dominated, putting together multi-punch combinations that kept Bradley off balance.
 
“I tried, I really tried,” said Bradley. “I wanted that knockout. I kept trying to throw something over the top, that’s what the plan was.”
 
But Bradley trainer Joel Diaz said he knew the plan had gone out the window when Bradley came to the corner after the first round saying he thought he had torn his right calf muscle.
 
Diaz tried massaging it, but Bradley told him to stop because it hurt.
 
“From that point on, I knew I didn’t have much to work with, because our plan was to dominate Pacquiao and we couldn’t do it,” Diaz said.
The injury was later diagnosed as a strain, and Bradley said he had “no excuses”.
 
“Manny is a great fighter, one of the best in the world maybe the best ever,” he said.
 
Before the rematch
 
While Bradley remains publicly confident he beat Pacquiao in their first bout despite fighting on two injured feet, that much-derided decision sent both fighters’ careers on wild spirals.
 
The two judges who scored the bout 115-113 for Bradley are no longer in the boxing business, but their decision ended Pacquiao’s 15-fight win streak and forced Bradley to defend himself against widespread criticism of the result.
Bradley endured death threats and depression before returning to the ring in unusually reckless style.
 
He brawled with Ruslan Provodnikov in March 2013 in a sensational unanimous-decision victory that silenced critics of his style and heart. Bradley then outpointed veteran Mexican champion Juan Manuel Marquez last fall, polishing his skills and making himself attractive to Pacquiao for a rematch.
 
Pacquiao was knocked unconscious by Marquez in the sixth round of their fourth fight in late 2012, and he took nearly a year off before returning for an unspectacular victory over Brandon Rios last fall. Pacquiao’s last two performances prompted Bradley to declare Pacquiao had lost his killer instinct, noting he was unable or unwilling to stop any of his opponents since late 2009.
Pacquiao’s next foe
Pacquiao’s next opponent could be the winner of the May 17 bout between Mike Alvarado and Marquez.
 
If Marquez wins, he could meet Pacquiao for the fifth time.
 
“I have no problem with fighting Marquez again, but that’s up to my promoter, Bob Arum,” Pacquiao said.