Star InactiveStar InactiveStar InactiveStar InactiveStar Inactive

LAST month, as local players were trumpeting the achievement of the Philippines in displacing India as the call centre of the world, the United Nations Conference on Trade and Development (Unctad) issued a warning. Developing countries, it said, should guard against too much dependence on non-equity modes (NEMs) of foreign direct investment.

Star InactiveStar InactiveStar InactiveStar InactiveStar Inactive

ON JUNE 30, in a speech to mark his first year as the country’s most powerful man, Philippine President Benigno Aquino III repeated a promise that senior members of his administration had made several times since the new leader took office. By 2013, he said “we will no longer need to import rice”.

Star InactiveStar InactiveStar InactiveStar InactiveStar Inactive

"ARE we up to this?", Philippine chief government negotiator Alexander Padilla asked as he emerged from the first round of peace talks with communist rebels late last month. It was a good question. Unfortunately, it had no easy answer.

Key Political Risks

President Benigno Aquino has stepped up efforts to lure foreign investors into the country, so far without much success. The country continues to be hobbled by widespread corruption and several long-running insurgencies. 

However, the government has had some success in reducing the budget deficit. The president also remains popular with voters. 

WHAT TO WATCH FOR:

  • Extent to which foreign and domestic investors show interest in big ticket infrastructure projects.
  • Increased spending on the air force and navy to counter Beijing's territorial claims in the disputed Spratly Islands. The issue could become an important point of contention at the East Asia forum in Indonesia in November.
  • The implementation of the "framework agreement" between Manila and the insurgent Moro Islamic Liberation Front announced in early October. If all goes well, a final peace deal may be signed by 2016. 

About Me

My name is Dr Bruce Gale and I am a senior writer with the Singapore Straits Times. I studied at  LaTrobe University (BA Hons) in Melbourne and later at the Centre for Southeast Asian Studies at Monash University (MA). My PhD thesis, which focussed on Malaysian political economy, was completed at the Malaysian National University (Universiti Kebangsaan Malaysia) in 1987.

From 1988 to 2003 I was Singapore Regional Manager for the Hong Kong based Political and Economic Risk Consultancy (PERC). 

I have written several books and articles on Southeast Asian affairs, including Political Risk and International Business: Case Studies in Southeast Asia (Pelanduk Publications, 2007). Books on language include Mastering Indonesian: a guide to reading Indonesian language newspapers (Pelanduk Publications, 2008)

©2024 Politicalrisktracker.com. All Rights Reserved.

Search