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View Poll Results: I prefer...
Jakarta 50 43.48%
Manila 65 56.52%
Voters: 115. You may not vote on this poll

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Old 06-27-2014, 02:03 PM
 
Location: Pilipinas
282 posts, read 606,397 times
Reputation: 40

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FAIRVIEW TERRACES -Commonweatlth Avenue, Quezon City, M.M.



 
Old 06-27-2014, 02:14 PM
 
Location: Pilipinas
282 posts, read 606,397 times
Reputation: 40
FILINVEST CITY Alabang MuntinLupa City, M.M. Extreme South of M.M.



 
Old 06-27-2014, 02:23 PM
 
Location: Pilipinas
282 posts, read 606,397 times
Reputation: 40
GREENHILLS SAN JUAN CITY, Central of M.M.



 
Old 06-27-2014, 02:40 PM
 
Location: Pilipinas
282 posts, read 606,397 times
Reputation: 40
To be continued...

Literally from rugs to riches to stardom.. One of Manila's slum kids before, now a frontman of Rockband JOURNEY in the US.
Hoping he would inspire poor people to hold on.. and work harder.. as he sung "Dont stop believing.. "

Arnel Pineda of the Philippines!


buenos dias amigos!
 
Old 06-28-2014, 07:56 PM
 
Location: Jakarta
1 posts, read 2,597 times
Reputation: 10
Jakarta is better.... cause i live in here.. LOL
 
Old 06-29-2014, 04:26 AM
 
Location: Jakarta, Indonesia
1,022 posts, read 3,144,521 times
Reputation: 219




http://unctad.org/en/PublicationsLibrary/wir2014_en.pdf
 
Old 07-02-2014, 08:39 AM
 
Location: Pilipinas
282 posts, read 606,397 times
Reputation: 40
Way to go for Indonesia!

Impressive data on FDI, though still prospective or speculative - it could grow/ surpass or even below those figures depends on the yrs to come.. But let's make those in a positive side rather.

I believe its the UN institution, I would rather see the data from financial firms instead as projected barometer.. I assume companies who had participated in this survey were more on the manufacturing or industrial related companies.
 
Old 07-02-2014, 08:49 AM
 
Location: Pilipinas
282 posts, read 606,397 times
Reputation: 40
Anyway, let me submit my thesis on this let me give u my comparative analyses on the matter. I'm not that fan of GDP as a usual practice nor basis of countries economic improvement. It's kinda broad to arrive to that GDP, and the PPP as well.

A lot of factors to be considered in finding or laying the actual economic status of a particular country and its common people's financial status.

Factors like:
Spending habits, culture, sources of income, lifestyle, priorities in life, prices of commodities, exchange rates to usd, etc.

Let define first as for everybody's appreciation, as I'm to provide elaborative comparison here.

GDP and PPP
http://www.tutor2u.net/blog/index.php/economics/comments/unit-4-macro-gdp-and-ppp-adjustments


Gross domestic product (GDP) is the market value of all officially recognized final goods and services produced within a country in a year, or over a given period of time. GDP per capita is often used as an indicator of a country's material standard of living.
https://www.google.com.ph/?gws_rd=ssl#q=gdp+meaning

Purchasing power parity (PPP) is a theory which states that exchange rates between currencies are in equilibrium when their purchasing power is the same in each of the two countries.
https://www.google.com.ph/?gws_rd=ssl#q=ppp+meaning



 
Old 07-02-2014, 08:57 AM
 
Location: Pilipinas
282 posts, read 606,397 times
Reputation: 40
i'll continue in 3hrs.. promise

Last edited by Coach Rajko; 07-02-2014 at 09:18 AM..
 
Old 07-02-2014, 01:11 PM
 
Location: Pilipinas
282 posts, read 606,397 times
Reputation: 40
Philippines is the 39th largest in the world, with an estimated 2013 gross domestic product (nominal) of $272.207 billion. Primary exports include semiconductors and electronic products, transport equipment, garments, copper products, petroleum products, coconut oil, and fruits.

A newly industrialized country, the Philippine economy has been transitioning from one based on agriculture to one based more on services and manufacturing. Of the country's total labor force of around 40.813 Million the agricultural sector employs close to 32% but contributes to only about 14% of GDP. The industrial sector employs around 14% of the workforce and accounts for 30% of GDP. Meanwhile the 47% of workers involved in the services sector are responsible for 56% of GDP.

Gross international reserves as of October 2013 are $83.201 billion. In 2004, public debt as a percentage of GDP was estimated to be 74.2% but in 2008 it fell to 56.9%. and in 2012, 40.2%. The country is a net importer but it is also a creditor nation.


while
Indonesia has a mixed economy in which both the private sector and government play significant roles. The country is the largest economy in Southeast Asia and a member of the G-20 major economies. Indonesia's estimated gross domestic product (nominal), as of 2012 was US$928.274 billion with estimated nominal per capita GDP was US$3,797, and per capita GDP PPP was US$4,943 (international dollars). The gross domestic product (GDP) is about $1 trillion and the debt ratio to the GDP is 26%. According to World Bank affiliated report based on 2011 data, the Indonesian economy was the world's 10th largest by nominal GDP (PPP based), with the country contributing 2.3 percent of global economic output. The industry sector is the economy's largest and accounts for 46.4% of GDP (2012), this is followed by services (38.6%) and agriculture (14.4%). However, since 2012, the service sector has employed more people than other sectors, accounting for 48.9% of the total labor force, this has been followed by agriculture (38.6%) and industry (22.2%). Agriculture, however, had been the country's largest employer for centuries.

Indonesia ran a trade surplus with export revenues of US$83.64 billion and import expenditure of US$62.02 billion. The country has extensive natural resources, including crude oil, natural gas, tin, copper, and gold. Indonesia's major imports include machinery and equipment, chemicals, fuels, and foodstuffs. And the country's major export commodities include oil and gas, electrical appliances, plywood, rubber, and textiles.

Philippines Land AREA 300,000 km2
Population 99,794,400 plus 12 million outside of the country

GDP (PPP) 2013 estimate
- Total $456.418 billion
- Per capita $4,682
GDP (nominal) 2013 estimate
- Total $272.018 billion
- Per capita $2,790


Indonesia - Land AREA -1,904,569 km2
- POPULATION 237,424,363 plus I guess 6 Million outside of the country


GDP (PPP) 2013 estimate
- Total $1.285 trillion
- Per capita $5,182
GDP (nominal) 2013 estimate
- Total $867.468 billion
- Per capita $3,499

http://en.wikipedia.org/wiki/Philippines
Indonesia - Wikipedia, the free encyclopedia


*******
Now let's test the GDP and PPP.

Let's take a look the figures. Indonesia has the edge in terms of Land area, GDP, PPP, Export. But in terms of Per capital income (meaning per person's income in a yr.) Indonesia's edge is just around 1,000usd despite your almost 3x bigger in TOTAL GDP to Philippines per capita.. what does it mean? something wrong there if u would notice?

Then here are my analogy: 1. such huge population would affect the per capita figure (on a over all percentage ratio), which is the basis of income of common people in every country as of today. 2. Despite of 1 trillion USD GDP, you had an outstanding IMPORT amounting to 62 Billion USD.. While the Philippines had an huge 74.2% of debt (I believe these credit includes those inherited from the previous gov't. in the past) 3. There are some other matrix or areas that are not included or grey spot in every GDP calculation per se.

I tried to analyze other factors that might help the missing gap here...

REMITTANCES (Overseas workers) for example, this factor is totally not within the domestic activity as where GDP had computed, a fresh capital from outside coming in.

Philippines Remittances 2013 Remittances hit record high of $25.1 B in 2013
http://www.philstar.com/business/2014/02/17/1291769/remittances-hit-record-high-25.1-b-2013

while
Indonesia Remittances in foreign exchanges were valued at Rp88.6 trillion in local currency in 2013 when a US dollar was worth Rp12,000 = USD 7.4++B
http://remittancesgateway.org/index.php?option=com_content&view=article&id=2002: remittances-by-indonesian-migrant-workers-increase-in-2013&catid=72:remittance-flows-information&Itemid=66

GREY SPOT ANSWER NUMBER 1.

******************************

CURRENCY EXCHANGE RATE

1 USD = 43Ph Pesos while 1USD - 11913.00 IDR

1000 Indonesian rupiah = 3.5 Ph pesos.

Then again it has an impact in both countries Total GDP. In the case of Indonesia which IMPORTED a lot, that requires USD payment, a lost in conversion (Forex) happened. While Philippines loses in foreign debt payment which is USD as well.

*****************************
The aspect of labor force

Philippines
- service sector responsible for 56%** of the GDP -(The bulk number of BPO outsourcing industry I believe were include here.) while manufacturing side were just 30% of the GDP.

Indonesia - industry sector @ 46.4%of GDP, while services @ 38.6%* of the GDP same with agri sector.

*Tourism industry (also included in services sector)
Indonesia Tourism revenue during 2012 - USD 9 Billion
while Philippines revenue as of 2013 - USF 4.40 Billion
http://www.abs-cbnnews.com/business/02/13/14/nearly-47-m-foreign-tourists-visited-philippines-2013


**BPO Sector (call centers)

Philippines - generated the income of US$13.3Billion in 2013
http://www.oxfordbusinessgroup.com/economic_updates/philippines%E2%80%99-revenues-bpo-set-rise-15-2014

soon to become a major factor in philippine economy and will likely
to exceed @ USD 25 Billion in 2016
http://www.businessmirror.com.ph/index.php/en/news/top-news/20510-it-bpo-industry-to-meet-2016-targets-for-revenues-jobs

while
Indonesia has no figure and probably no industry of this (i just don't know)

*****************************

Manufacturing sector - Indonesia - 46.4% of GDP
in my opinion more on high value output that contributed well in the economy. While Philippines 30% of GDP in my opinion more on semi conductor areas.

*****************************

And Lastly to really test that PPP

I have some very basic comparison on quality of living in Ph and Indonesia. Let's use the common people's economic status as an example, since middle class and rich status were not that affected all in the food chain. Given the overview on top that Indonesia had that 1000 USD advantage/luxury as compared to Philippine PPP...

Test the basic comodities in Manila and Jakarta

Minimum Wages
Philippines 1,515 USD per annum as of Nov. 2012
Indonesia - 1,087 USD per annum as of July 2012
http://en.wikipedia.org/wiki/List_of_minimum_wages_by_country

Basic Staple Food
White Rice per kilo
Id - 11,201.09 IRD = .9427 cents (USD)
Ph 38.88 Php = 0.872 cents (USD)

Minimum Fare

Id - 3,500.00 IRD = 0.293 USD
Ph 14.00 Php = 0.321 USD (This on a aircon bus, but MRT is 10php)

Gasoline per liter
Id - 7,713.07 IRD =0.645175 USD
Ph 52.80 Php = 1.211 USD


Basic Room rented per month
Id - 2,681,387.39ird = 224.290011 USD
Ph -10,796.27PHP = 247.621 USD

http://www.numbeo.com/cost-of-living/city_result.jsp?country=Philippines&city=Manila
Cost of Living in Jakarta, Indonesia. Prices in Jakarta. Updated Jul 2014

Now take a closer look at those figures.
Despite the 1000 USD edge of Indonesia PPP, how come that Ph minimum wage was higher?
Super GREY SPOT for me.

The rest were slightly difference in rate exept Gasoline which I believe Indonesia is a producer.

Well that's my study done on the validity and GDP and PPP as applied in this comparison. I therefore conclude the GDP and PPP were not the best formula or barometer in measuring economic and peoples income and capacity. It's about the basic of earnings and currency power would do for me.. thanks.
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