The Mindset of an Entrepreneur
Upper-Middle-Income Country at Last
Our economic managers have predicted that the Philippines is set to join the ranks of upper-middle-income economies this year on the back of sustained economic growth of above 6 percent, after being stuck in the lower-middle-income group for decades.
President Rodrigo Duterte is set to embark on his fourth trip to China this week. During his state visit here last year, Chinese President Xi Jinping extended the invitation to PRRD to attend the Second Belt and Road Forum (BRF). This visit follows three previous presidential trips to China—a state visit in October 2016, participation in the First Belt and Road Forum in May 2017, and the Boao Forum in April, 2018.
News About MBV
Villar Completes PICC Conversion Into COVID-19 Treatment Facility
The PICC quarantine facility – which has 294 patient cubicles, six nurse stations, and six houses outside the Forum building for the health workers – was turned over to the Philippine National Police (PNP) Medical Corps on April 15.
15 Filipinos on Forbes Billionaires List 2020; Villar is Richest in the Country
Fifteen Filipinos are among the richest individuals on earth, according to the Forbes Billionaire’s List for 2020. At the top is former Senator Manny Villar (70 years old) who is at number 286 with a net worth of $5.6 billion, followed by ports king Enrique Razon, 60, at number 565 with $3.4 billion.
The late Henry Sy’s children Hans (64) and Herbert (63) Sy are in a 72-way tie at 1063 with $2 billion, followed by siblings Harley (60) and Henry Sy Jr., (67 ), and Alliance Global Corp. Chair Andrew Tan (67) along with 58 others at number 1135 with $1.9 billion each.