And They Say You Can’t Make Money In The Philippines
Korean Firm to invest $684M more in Subic. This makes the total Korean investment close to 2 billion US dollars.
Hanjin Heavy Industries and Construction (HHIC) of South Korea will infuse an additional $684 million on top of its original commitment of $1 billion into its shipping project at the Subic free port, the Subic Bay Metropolitan Authority (SBMA) said.
… Read more about the massive Korean investments in the Philippines.
Here’s another significant US investment, this one in the gaming trade … the US congress has been very “head in the sand” vis-a-vis online gambling … acting as if it doesn’t exist, or if it could be stamped out. instead, the Philippines is openly accepting it for the revenue source that it is … and profiting.
Philweb corp., which oversees the operation of an Internet casino business on behalf of the government, announced that it would sell $10 million worth of shares to Farallon Capital Management LLC.
… Full article on US investment in Filipino Online gaming.
So, you tell me … does this look like a “third world” country to you?
Related posts:
- Philippine Submarines — Making Money Underwater
- Can an Internet Cafe Make Money in the Philippines?
- I Repeat, You Don’t Need a “Job” to Make Money in the Philippines
- Big News for Subic Bay
- Philippine Business You Can Understand — Three
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