Skip to main content

What are High Rise Buildings For in a Country of a Hundred Million People?

Recently, I've been to Makati City and Ortigas Center in Pasig City to find better job and business opportunities. The number of high rise buildings here seems to be doubling every year. Tinted glasses, magnificent architecture, and corporate people are here. Impressive places. But I started thinking and ask these questions.

Are these high rise buildings really for us - the 100 million Filipinos?


Are these wonderful infrastructures for job seekers like me?


In this blog, I will share my views of the rising Philippines economy and its impact to millions of Filipinos.

Building construction is everywhere in the Philippines. If you’re an investor reading this post, I have some good news for you.



Here are the facts and figures about the Philippine economy today.

Last May 8, 2014, Standard & Poor’s Financial Services (S&P) upgraded the Philippines’ long-term sovereign credit rating from BBB- Stable to BBB Stable, the highest rating ever recorded in the country’s history.

Source: http://www.gov.ph/report/credit-ratings/


The economy of the Philippines expanded by 6.1% in 2014, fueled by sustained increases in private consumption, higher fixed investment, and recovery in exports. Strong GDP growth is projected for 2015 and 2016 based on buoyant private consumption, a solid outlook for investment and exports, and recovery in government expenditure. GDP is projected to increase by 6.4% in 2015 and 6.3% in 2016.

Source: http://www.adb.org/countries/philippines/economy


The Philippines Stock Market (PSEi) increased to 8127.47 Index points in April from 7940.48 Index points in March of 2015. Stock Market in Philippines averaged 1994.67 Index points from 1986 until 2015, reaching an all time high of 8127.47 Index points in April of 2015 and a record low of 129.52 Index points in February of 1986.

Source: http://www.tradingeconomics.com/philippines/stock-market


Is Philippine economy really progressing? Technically, yes; the numbers show. Is the quality of life in the Philippines improving because of the rising economy?

On my own perspective, as a citizen of this county in my early 30’s, the population increase is largely affecting the quality of life of many Filipinos. It should have been an improving quality of life, but it’s not actually the case. There is no good balance between the supply of basic needs of the average Filipinos and the demand for economic development by the people in power. Putting it on another perspective, the tax collection could have been increasing but the budget allocation for the common Filipinos' wellness is still not sufficient enough – because population tends to increase faster.

Take a look on how progressive Manila is right now. There are hundreds of high rise buildings here and there are thousands of jobs inside of each.

On the Photos: Buildings in Makati City Financial District














But, what are these high rise buildings for? The reality is that these are just for qualified jobs seekers, for the economic developers, and for the investors. Are these for the Filipinos? Probably, ain’t yet.

On the Photos: Buildings in Makati City Financial District and Ortigas Center













Philippines is a hub for investors. No question about it. But for people’s sake, give us a job. Moreover, educate us so that jobs can be for us. This is not the case right now. From the lowest to the highest rank job, there is a mismatch going on and it's big. Considering that millions of Filipinos still choose to work overseas, there is a big mismatch between qualification/education here in the country. Considering that graduates can’t find a job easily, there is a qualification/education mismatch and the alarming truth is that this is happening in these cities. Considering that job competition is too rough, job openings are not just numbers to crunch out, but also "unreal" jobs that cannot be filled by those who needs it.


On the Photos: Buildings in Ortigas Center, Pasig City











Philippines might have good credit rating now. The PSI is attractive to investors. The economy is booming - as the bull market is here. But there's a problem. The quality of life seems worsening.

So are these high buildings for Filipinos? I think not – big NO. If executives in these buildings care about the quality of life of the Filipinos, they should have been walking out of these concrete walls and thick glasses and helping the Filipinos in making their first step of going inside – long time ago. Some could have been doing their part, but a lot do not. If you can sense what I’m saying, then you’re an investor with both heart and mind.


Related posts:

Where in the Philippines is Bonifacio Global City – the Gateway to the First World Country?


About this Blog
This blog is dedicated to millions of Filipinos who want to improve their lives. I want to help you by telling to the world that we are smart yet most of us lack the tools and techniques to prove it. If someone will help, these high rise buildings can really be called “OURS”. For more information about the Philippines, explore this blog. For information about business, whether you’re an investor or not, visit Knowriel.com. You can also email the author, Noriel Panganiban, if you have questions on comments about his blog posts. Noriel is always willing to help.

Comments

Most-Read Posts of the Month

“I Love Baguio City” - My Travel Story in the Summer Capital of the Philippines

The Strawberry Farm, Burnham Park, Mines View Park, the Mansion, Wright Park, Lourdes Grotto, and Session Road; these are among of the popular landmarks in the more commonly known “Summer Capital of the Philippines” – Baguio City. Why so? Well, the temperature here seldom exceeds 26 degree centigrade. During the cold season of December to February, the temperature falls down to even below 10 degree centigrade. The record low temperature was 6.3 degree and that was on January 18, 1961.

How to Travel to Baguio City?
Going to this cold city in the mountainous province of Benguet, Philippines is a six to seven hours travel by passenger utility bus from Manila. Starting from EDSA, traversing the NLEX, entering SCTEX, exiting the province of Tarlac and going through the neighbouring provinces of Pangasinan and La Union, and then exploring the zigzag road of either the Marcos Highway, the Kennon Road or the Naguilian Road, the coldest place in the Philippines will be reached. Baguio is about 2…

"Business as Usual" as the Filipinos Define It (Vulcanizing Shop, Sari-Sari Store, Bakery) – Part 1

I asked the shop owner about these old unused tires on what are they doing with it. The Vulcanizing shop owners says, “Oh, someone will pick up those tires and pay us 5 or 10 pesos each. Sometimes they just take it for free”.


Vulcanizing Shop - A Classic Example of Filipino Business
You’ve most probably seen and been into a local, typical vulcanizing shop like this one in the photo. The business concept is very simple. Here’s a customer with his flat or deflated tire and the vulcanizing boy will repair it using a rubber compound patch, a heating tool, and an air pump. If it’s a regular car or van tire, repairing one may only take 10 minutes the cost of which is around 30 to 60 pesos. If it’s a tire from a truck or bus, it could be around 30 minutes and the repair would cost the vehicle owner around 100 to 150 pesos.

Here’s the thing. A shop like this one could potentially earn a revenue of 1000 up to 2000 per day just by repairing a flat tire. Why? Well, with thousands of vehicles like j…

“Pasalubong” – What Makes this Filipino Word Very Special?

Probably next to the beauty of a tourism spot, if it’s about the real reasons for traveling there, is our search for the best “pasalubong”. It’s the tagalog word for “gift” or “souvenir” and it can be anything from foods, toys, clothes, handicraft, furniture, soaps, wearables, or household items. It’s practically anything, big or small, cheap or expensive, edible or not. And for as long as that special item was bought somewhere else and then given to someone as an act of love and kindness – the true purpose has been served.


A simple gesture of “Salamat po” (Thank you) for sharing that pasalubong is enough to make you feel the love and kindness back. There is the best pasalubong for kids, for grandmas and grandpas, for a favorite grandson, for a close neighbor or friend, for the workmates, for the boss, for a former enemy, for a religious brother, and even for a complete stranger. Yes, indeed!

Well, “pasalubong” is actually different from a gift for birthday, wedding, or special gatherin…

MONTEMARIA

Catholicism from another perspective – this is how I understand the pilgrimage site of MonteMaria in Batangas City, Philippines. It was a huge site development project with the 96-meter tall Mary, Mother of All Asia statue as the centerpiece. You have to see it for yourself to believe!

What (not Who) is MONTEMARIA? Just for clarity, MONTEMARIA is the name of the 130-hectare township or development site project. Also, Montemaria is a place in Batangas City to which the site more likely is named after. The statue or monument or tower is called "Mother of All Asia - Tower of Peace". You may simply call it Tower of Mary or Statue of Mary. The surrounding place meanwhile is known as the Mother of All Asia Shrine.

Holy Week in the Philippines
We visited this place during the Holy Week of 2018. During this week, many Filipino Catholics are visiting religious places which is part of what they call "Visita Iglesia". It is not uncommon for a pilgrimage site like the MonteMaria…

Sidewalk Vendors

You’ll often see them. You’ll buy from them. But when they become part of the news, you’ll get to hate them – some of you. They are people like us who simply wants to earn a living. They have a family to feed. This is the business they call “marangal” (dignified). And we call them…
Sidewalk Vendors

Let me define what (or should I say “who”) a sidewalk vendor is.

Here in the Philippines, there is a notion that if you’re a sidewalk vendor, you mostly likely belong to the lower class of the society. For one reason, why sell on the sidewalks or streets of Metro Manila and other cities if you can sell on approved places particularly the market. For another, selling in the street on a daily basis is a risky activity – you’re prone to illnesses, effects of air pollution, dangers from vehicles passing by, and unsafe condition of your store or shop.

In a third-world country where job opportunities are scarce for people with lower educational attainment, there is no reason to doubt that poor people…

A Walk to Divisoria - Filipinos Love this Place!

“Divisoria” - almost every Filipino knows this word. The millennials even call it “Divi”.



We paid another visit to Divisoria. Same as usual, it is so crowded that more than half of your energy will be spent on bumping people, spinning round and round to find a better direction, and on walking back and forth, up and down. Of course, finding that product and bargaining for its price is where the remaining energy will be spent.



We arrived there at around nine in the morning and streets are still not too busy. But you will notice that shoppers are on their feet rushing towards the popular 168, 999, Tutuban Center, Divisoria Mall and 11/88 shopping malls. (Any idea why the malls' names are numbers? Chinese thing? I’m not sure. That’s a trivia.) You can see the excitement on them. With a few bags, themselves and that money on the pocket, it is like going into a shopping war. Meanwhile, sellers are all set up with their products too. Their energy is always on top, some are shouting while…

Filipinos Very Own Jeepney is in Manila and Everywhere in the Philippines

Jeepney symbolizes the culture of the Philippines. This is the primary means of transportation of the Filipino people. This vehicle can be seen anywhere in the country. There is no city, town or barangay that has no jeepneys to represent them. Jeepney is the life of the people in the Philippines.

On the Photo: Jeepney Blessing Ceremony
Children and adults in this photo are excited about the blessing of this new jeepney. Coins were thrown on top of the jeepney and they scrambled for it. For the jeepney owner, this is the start of a new day, a new business venture. Jeepney like this one, which has a stainless body costs around P300,000 to Php400,000 and is mainly used as a passenger utility vehicle.


How many jeepneys can you see here?


How about here?

Riding a Jeepney - How it Feels to be in It
Riding on the jeepney might not be that comfortable and convenient to all. If you are tall, you have no other choice but to bend your neck a little. If you are fat, worst case that the driver will charg…

Lobo, Batangas – a Place of Wonder and Simplicity

Simple life? In the beach or mountain side? Lobo is the place to be.

This Holy Week 2018, me, my wife, two of our friends, and their parents, visited Lobo in the province of Batangas.

There are three passages going here. One is thru the main town of Taysan, Batangas via barangay Dagatan. The other one is via Gov. Antonio Carpio Road, stretching from Batangas City to barangay Mapulo also in the town of Taysan. Both passages will merge into barangay Bacao in Taysan. The road from here are zigzag that the local people have called it “bitukang manok” (chicken intestine – like). Green mountains and narrow roads will make your travel more exciting in going here.


The third one is thru Batangas City entering barangay Libjo. This path is quite longer than the first two. Also a bit zigzag but as you are traversing roads mostly on the beachside, the driving experience would be full of wonders. Aside from the ocean view, there are landmarks here that will make you say to the driver to stop for …

My Red Owner-Type Jeep Driving Adventures in Cavite, Philippines

About a year ago, I was really fortunate for having this second-hand owner-type jeep. Since then, I was given the chance to drive on nearby places here in Cavite I always wish I had been into before. I am also happy to say that my low-cost camera now has a good companion in blogging, a low-cost red jeep. I could say that telling good stories is now a bit better for I can capture the right views at the right angle, at the right point (not when I used to commute and take photos from the passenger’s window, just like when I travel to Baguio City years back). Now, I can pull over and take the best shots I can, though not at all times.


My Red Owner-Type Jeep 
And so I have this great experiences in exploring the inner side (places not often talked about) of the province of Cavite where I had been living for almost a decade. Places like Pala-Pala, Trece Martires, Aguinaldo Shrine, Indang and Tagaytay are now within reach, of course with some money for the gasoline and eating. The previous blo…

The 100 Million Filipinos and Our Basic Rights in the Philippines

We have the right to education, healthcare, security, good services and affordable quality products, among others. But do we understand really the extent of our rights to these things as a Filipino citizen? And our duty to abide by the laws of the land and to promote democracy, are we aware of that? Our privilege or special right to something, do we care about it?




It was Abraham Lincoln, former president of the United States of America, who in one of his speeches said this:


“…that government of the people, by the people, for the people, shall not perish from the earth.”


I remember these same words quoted by Philippine President Rodrigo Duterte in one of his speeches. That was long time ago, during his first-year term I believe. While I cannot remember what the event was, what is clear to my mind until today is that he’s fulfilling at his capacity and political will the meaning of that statement.


The Philippine Government of the People, by the People, for the People
Let me translate th…

Talk to Us

Name

Email *

Message *