Philippine inflation hits 17 year high
Source: http://blogs.moneyandmarkets.com/blog/china-and-asia-stock-alert/0/0/philippine-inflation-hits-17-year-highPosted on Friday, September 5th, 2008 | In Asia
Contributed by: Tony Sagami (http://blogs.moneyandmarkets.com/blog/china-and-asia-stock-alert) -
The annualized inflation rate in the Philippines hit 12.5% in August, the highest rate in 17 years.
The main drivers were soaring food and energy costs, of course, but it hasn’t stopped the Philippine economy by growing by 4.6% in the first six months of 2006.
One industry the Philippines has been stealing from the U.S. and even India is the telephone-delivered customer service calls.
Last 5 posts by Tony Sagami
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Tags for this Post:
Asia, Energy Costs, food, India, telephone-delivered customer service calls, The Philippines, United States
Asia, Energy Costs, food, India, telephone-delivered customer service calls, The Philippines, United States
 About Tony Sagami (http://blogs.moneyandmarkets.com/blog/china-and-asia-stock-alert)
Tony Sagami, a veteran investment advisor and a leading expert on Asian markets, is the owner and founder of Harvest Advisors, an investment research and money management company. Mr. Sagami has been managing money for more than 20 years and is one of the early pioneers in the application of technical and quantitative analysis to mutual funds and stocks. He is a featured contributor to Weiss Research’s daily e-letter, Money and Markets and monthly Safe Money Report as well as the editor of Asia Stock Alert. Prior to establishing his own firm, Mr. Sagami was managing director at W.E. Donoghue & Co, serving additionally as the director of investment. During his successful career, he also held the position of account executive at Merrill Lynch. Mr. Sagami’s views on Asian markets, specifically Chinese investments, have been featured in publications such as The Wall Street Journal, Barron’s, Kiplinger’s, Smart Money, Business Week, New York Times, Washington Post, Investors Business Daily, Bloomberg, Financial Planning Times, Mutual FundsMagazine, Chicago Tribune, and the LA Times, as well as on CNBC and CNBC Asia. Mr. Sagami holds a degree in economics from the University of Washington. |
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