Health care will continue to be a driver of entrepreneurship, business, and Philippine economy

Every generation needs a revolution - an entrepreneurial revolution

Metro Pacific Hospitals - target 40 hospitals

A famous surgeon in working with a billionaire businessman owning strings of hospital across the country,  mentioned while doing a surgery on my elbow that a hospital where he has invested in now valued at P60m  That was the bid of the billionaire.   And that was from an investment of only P1 million 4 years ago.  Tnat is a lot  of ROI

I mentioned that health care will continue to be source of growth in the economy  Everybody gets sick (and for the memorial park, everybody dies;  it cant be avoided)   Health care will continue to flourish despite all negative predictions about global economy

The good surgeon was former student at GSB, and he must have learned a couple of great things about business while under my tutelage  This post was also engaged to conduct an organizational and strategic planning for the said hospital during the formative stage

Philippines will be isolated and insulated from the world economic woes

Every generation needs a revolution - an entrepreneurial revolution

Bright future for the Philippines in 2023 - Diokno. From Philstar

Will Philippines be part of the world global recession?   All ready the tremors are spreading in Europe after a bank run in Switzerland, and soon Germany, bastion of EU economic strength

But my view and view of many is that Philippines will be unaffected by these events:

1.  We will be unlike Pakistan, who is soon to be predicted to be bankrupt  (we have a more stable leadership, BIR collect taxes)   Definitely not like Sri Lanka

2.  We will not experience the hyper inflation of Venezuela (we will soon if we continue being a welfare state, engage in war, or massive unabated infra projects)

3.  We willl not experience UK difficulties  ie that of inflation and woes brought about by Brexit  (Imagine happening to what used to be the richest countries in the world . This happens not only to countries but to individuals  This happened to a distant uncle who used to own two big major subdivision, could not even pay for his funeral.  His daughters and sons impoverished him

Philippines has large domestic population which can sustain consumer demand  Our monetary system is sound, fiscal policies are in place.  Despite occasional news about  corruption and crimes, our peace and order is way above the norm.   Our Pres has a high rating

What worries us is the huge foreign borrowings .  We have $100 B bank reserves though.  

If our BPO and OFW remittances hold out in 2023, we will not suffer.   We see huge cap ex outlay of many of the Zillionaires in the country   MVP for instance continues to buy hospitals, investment in health care.  

We have bright execs and expatriates who caused boom in Indonesia, Vietnam and rest of Asean.  

Everything will be bright and all right for the Philippines

Forecast in 2023 - it is going to be hard, but there are plenty of opportunities

Every generation needs a revolution - an entrepreneurial revolution

Crisis that toppled Credit Suisse Bank

It is going to be difficult.  Consider the external environment:   Ukraine Russia war, global climate change disasters:   earthquake, super typhoons, global energy challenge, bank runs in US and Europe

After 3 bank runs in US:  Silvergate, Silicon Valley and Signature, came Credit Suisse Bank, the oldest and 2nd biggest in Switzerland  It was bought by UBS, the biggest Swiss bank for only $3 B plus.  The $50 billion credit facility offered by Swiss National Bank failed to stave off bank run for CSB.  

What was bad, the deal zeroed $17 billion of bondholders.    Switzerland image as haven for world wealth would become uncertain, and certainly no longer the citadel, safe haven for your hard earned money

The net effect of this is the lose of faith and trust on the banking system world wide, and this is bad because bank is the core of capitalism and without that trust.  

Not to be left behind and shivering due to scandals like CSB is Deutsche Bank.   Just like CSB:  accused on ML cases, tax evasion, etc.   

Thus what are we going to do -  languish suffer and wait for cards to fall due to this banking crisis.  Certainly not.   We need to be entrepreneurial.

1.  There are problems to be solved  - poverty, credit, global change, waste management, energy

2.  Opportunities -  occasion to make money and create more wealth.  Take note that China minted many billionaires during the pandemic

3.  Leadership opportunities to solve the worldwide woes

4  There are industries that recession proof:  energy, shelter, clothing, food, and health care, tourism, transportation, hospitality

We see many opportunities to save and earn more money:   solar lamps, rider type lawn mower for maintenance, excavator for one of our processes. 

It is not over for the whole world   

Habang may buhay, may pag asa, may negosyo.  May pag yaman

Habang may buhay