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Geographically, the Philippines can be divided into three parts, namely, Luzon, Visayas, and Mindanao. With all these islands combined, the country’s coastline is the fifth longest in the world, spanning 36,289 kilometers. It is considered as Asia’s largest Catholic country of Asia, since Spanish colonial times. Further, the Philippines is the world’s 12th most populated country with approximately 92 million people (as of 2009).
The country can be reached by plane. Other means of traveling are not feasible as the Philippines is an archipelago. Some major airports are in Manila, Cebu, Davao, Clark (Angeles), Kalibo, Laoag, Subic (Zambales), and Zamboanga.
EC President Juncker is set to unveil a new investment program. It sounds good: a fiscal complement to the monetary policy stance of the ECB. Expectations are running high that the ECB will move to more aggressively expand its balance sheet, record low bond yields in many euro area countries, and negative 2-year yields in at least five countries and below 5 bp in another three countries. Read more
Mario Blejer & Eduardo Levy Yeyati,
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