Posted tagged ‘New Year’


January 7, 2011

Erle Frayne D. Argonza


Good day to all ye global citizens, readers, friends & fellows of this enthused analyst from Manila!

I’m back from the holidays, recharged and refreshed. I haven’t returned though to my gym works, so I promise myself renewed gym burning late this week.

Ye fellows of mine who did intake so much food inputs this past holiday season, don’t forget to burn down those extra fats, cleanse away excess bad cholesterols, and regain back your regular weight. Go back to your physical regimen, or develop one if you have been neglecting your physical wellness in a long time or so.

There are so many exciting things to talk about this year, more so from where I’m located: Asia. Just sit and relax, sip coffee or beverage while you browse over my coming notes, share comments every now and then. We will be together in the excitement, like riding our roller coaster of blog thoughts.

Goodwill, good health, prosperity to all of you for the year 2011!

[04 January 2011, Philippines]


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December 9, 2010

Erle Frayne D. Argonza


The yearend Holidays are now nearing, and so we all better cheer up for the forthcoming holiday season. As early as November, Christmas trees and gigantic lanterns were already set up in malls and public places in the Philippines, a very thoughtful way of demonstrating love and generosity.


There is much reason for the global economy to cheer up for 2011 as indicated by our own very optimistic business environment and national economy here in the Philippines. Our region ASEAN is mightily growing at robust rates, India and Korea are doing good, and China is very heatedly growing.


As already discussed by various analysts and writers, ASEAN + China + India + South Korea—dubbed as ‘Asian economy’—have been the growth drivers of the global economy as a whole. High growth rates, well managed liquidities, healthy macro-economic fundamentals, and high foreign exchange reserves all converge as multi-factor drivers of growth in Asia. As a result, consumption is still moving up here, thus compounding the growth toward sustained heights all the more.


The Philippines has its own good news to share to the globe. A ‘Santa Claus’ list of glad tidings shows the following:


  • Philippine currency is the 2nd best in Asia. Strong and trustable, even treasuries and bonds denominated in Peso are selling like hot potatoes.


  • Foreign Exchange Reserves are at an all-time high of $56+ Billion (end of October), enough to buy almost a year of merchandise imports.


  • Growth rate as of the 1st two (2) quarters was at a whopping 7.9%, showing mightily good production levels. Yearend growth rate would be no less than 6.5% at the minimum, a figure that will be sustained well through 2011 and beyond.


  • Local bourse has hit a high-time figure of 4,200+ points recently. This is way above the psychological breakpoint of 2,000 points (that now looks very Jurassic), and will optimistically breach 5,000 points by 2011.


  • Overall GDP per capita (nominal) will breach $2,000 and will move up rapidly to the next levels over the next few years. Purchasing power parity or PPP per capita will exceed $10,000 around 2013-‘14.


  • State wages have been moving up by 15% per annum consistently for couples of years now. This move drives up private sector wages as well. Wages will again move up in strides from 2011 to 2016.


  • Inflation has been reduced down further, and will stay comfortably at the 2.5%-3.5% range by 2011. This is welcome news for a nation that is so fed up with hyper-inflations in the ‘80s and ‘90s.


  • Unemployment has been going down steadily, and will be at a manageable level of 8% or lower by 2011. Rising growth rate can then be sufficient to address the other problem of underemployment.


  • Exports and imports, or foreign trade, have returned to pre-global recession levels, thus contributing to more employment and higher wages.


  • Filipino businessmen’s investments overseas have moved up, and will continue to expand in 2011 and beyond. These contribute to overseas remittances and employment of Filipino labor and experts abroad.


The list is longer than the above-stated, though suffice us to take note of that short list. Those items are fundamental to sustaining the economic machine year by year, reduce poverty till the middle class dominates the population, and shoot up human development to notches higher than today’s indices.


Japan, USA and EU are on economic fires but the dampening situations there won’t totally hurt the global economy. Emerging markets have done their best to insulate themselves against the fiascos and fires of the northern economies, thus enabling them to serve as the hope of the world.


The cheery environment of Asia should better be the one focused upon by our global citizens, a cheer that serves as the ‘Santa Claus grin’ of the global economy as a whole for this year and the ones forthcoming.


[Philippines, 06 December 2010]









January 24, 2009

Erle Frayne Argonza

Hello Fellow Earthans! Hello world! Welcome 2009, the Year of the Ox!

This economist, sociologist and self-development guru has been hibernating for awhile as part of a year-starter contemplation period. I’m now formally ending this hibernation, and will resume sharing my thoughts about world events and wisdom.

The holiday season is surely a period of excitement and fast-moving events comprising of parties, reunions, and chows. Like everyone else, I was swept away by the enchantment of this unique period, and ended the year with over 10 pounds of extra weight.

In January 1-4 I took some time out to visit the Sabang Beach of Puerto Galera, Mindoro. An excellent place for scuba diving, this spot is just contiguous to two (2) other wonderful sites, the La Laguna Beach and Coco Beach. I spent the tour with my cousin Evadne Argonza-Bautista and her other half, Rudy Bautista, chief engineer and overseas seafarer, who brought along their two starseed kids Raissa and Randoll. I also had a reunion in the beach with my cousin Ricky Argonza, a master scuba diver, who manages the Garden of Edens resort (German-owned).

I was just about to begin orienting myself to the new year, by detailing my annual battle plan (goals) and burning the excess fats gained from the holidays, when my Dad’s 2nd wife (Lorna Argonza) suddenly died last January 15 while travelling back by bus Manila. Being the only son of Dad (Steve Argonza) who’s here in Manila (all of my sibs are in the USA), I had to conduct my filial duties and be the burial event organizer-operator for my old man. The lady, Tita Lorna, was finally buried last 20th of the month. The day after, the 21st, saw me hit by allergic rhinitis, a recurring ailment, after all the stressful though preparations for the burial.

Still nursing my rhinitis, I finally am finding the time to catch up on my goal-refinements, fat burning gym sessions, and reflections about global events. The year opened up with Gaza (a spill over from late 2008), the pessimistic facet, and the installation of Barack Obama as US president, the optimistic facet. We will all be watching the aftermath of these two events for sure, as they contribute to the shape of 2009 as a whole.

We’re also preparing for the celebration of the start of the Year of the Ox, which is a legacy of the Chinese culture. I’ve already bought new crystal materials for balancing my home, and an ox figurine for my work room & study. A positive year this will be in terms of bountiness, as the underlying Tao philosophy of the celebrations so explain.

Well, Fellows, let’s hope for the better for 2009 in terms of moving out of the economic and politico-economy cul de sacs that our planet has been seemingly entrapped into. Welcome the Ox Year with a Big Bang!

[24 January 2009, Quezon City, MetroManila]