Another group of countries with an appealing exposure to the Philippines is the Arab (OPEC) bloc, with its petrodollars. Arab governments and investors looking to diversify away from the USD assets might consider the Philippines. We can see from the following charts that the Arab countries currencies are still strong against the peso. Will that remain the case as oil prices weaken? I suggest it will because oil is a hard commodity, though certainly we are not going to see oil prices taking off for a few years again unless there is an oil shock.
The obvious link for Arab investors to the Philippines are:1. Personal - those Arabs having relationships with Filipinos wanting to retire or invest in the Philippines. Muslim Mindanao has suffered because of conflict, but not all areas are subject to conflict. Its a big island and conflict is confined to certain areas.
2. Muslim link - There is I guess some desire of investors to invest in a place that share one's values. I would argue that religion is skin deep,
but if you can connect with people on a deeper level, you might ap
preciate this opportunity.3. Commercial - There is of course an opportunity to supply food, handicrafts and other products from the Philippines to the Arab world.
The attractiveness of the Philippines extends beyond the currency opportunity. Its a relaxed culture will compelling opportunities to buy property with scenic splendour. I didn't look at other Arab currencies, but I dare say they are in the same favourable position to buy forecllosed property in the Philippines; whether you are from Kuwait, Oman, United Arab Emirates. Flight crew and pilots are other people who might welcome such opportunities after talking to several in Manila. Mind you, these pilots were from all over the place. One was a Pakistani, another a Saudi educated in England. The world is more global. The question is - Do you have a home in the Philippines? See report.
------------------------------------------------The attractiveness of the Philippines extends beyond the currency opportunity. Its a relaxed culture will compelling opportunities to buy property with scenic splendour. I didn't look at other Arab currencies, but I dare say they are in the same favourable position to buy forecllosed property in the Philippines; whether you are from Kuwait, Oman, United Arab Emirates. Flight crew and pilots are other people who might welcome such opportunities after talking to several in Manila. Mind you, these pilots were from all over the place. One was a Pakistani, another a Saudi educated in England. The world is more global. The question is - Do you have a home in the Philippines? See report.
Andrew Sheldon www.sheldonthinks.com
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