The Mindset of an Entrepreneur
Sustained Infra Buildup
We laud the administration of President Ferdinand Marcos Jr. for prioritizing infrastructure development to make up for the sluggish public spending that led to lower-than-expected gross domestic product growth in the second quarter.
Bump in the Road
The country received some sobering economic news last week. During the first quarter of the current year, the Philippines was able to sustain its economic recovery and expansion with a GDP growth of 6.4 percent, a growth rate that actually exceeded forecasts. But the second quarter data took the wind out of that recovery trajectory when the economy grew by 4.3 percent, the slowest since the first quarter of 2021 when the economy contracted 3.8 percent.
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.