Philippines
A country resilient in troubled times
According to a recent article in the Philippines Inquirer, Filipinos are in an excellent position to survive and grow out of the global economic crisis.
The paper reports: “Fundamentally our economy is resilient, borne by a spirit of self-empowerment and resourcefulness. We are in a place where people find ways to get by and even prosper.”
The same newspaper ran a front page story on the Forbes billionaire list, showing that while Buffet and Gates remain high up on the list, notable Philippine billionaires Henry Sy and Lucio Tan, who have fortunes rising, are catching up.
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