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Monday, August 1, 2011

Eleven Filipino billionairs and the vanishing OFW small business

  My few posts some weeks ago were all about Libya and Gaddfi, China and the Spratleys, the  Sheriff of Davao city being made a punching bag by a woman.  Then I had posts about cancer and chemotherapy.   Today I chosed to put aside some of them which I might come back later, because of issues about Forbes Magazine's 2011 listings of the world's riches men which is hard to leave unremarked according to Roberto de Ocampo, a well-known economic guru.  From five Filipino billionairs in 2010 the number had more than doubled to eleven this year.  Topped by Henry Sy of SM, Ayala of the Ayala Group, Danding Cjuangco, Lucio Tan anf the others.  I have nothing against these billionairs, who have made Philippne business manifestlty visible in the International business community.  Thus gracing and putting off the traditional bad image of the Philippines as a poor country, as an open dump site of properous countries of their used equipments like vehicles, appliances and even furnitures, which are in reality garbage.  Yet these garbage are not brought here for free.  Local entrepreneurs import them as scrap then after doing some rehab sold them at a good profit.
    Anyway, the Philippine goverment seemed not to care about seeing small Filipino business entrepreneurs grow.  In fact traditional Pinoy small businesses, like groceries, 'carenderia' small food stands, variety stores, tailor shops, hollow block-making and many others  most of them owned by  OFWs are closing shops because they could not compete with giants, like hypermakets owned by the above billionairs.  Hay naku!  The goverment is too busy gathring more evidences to put former president Arroyo to jail  before 2016. "Inutil", said the security guard living with his family along the Pasig River bank and posted at a Makati bank.

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