from business.inquirer.net

Among emerging economies in Asia, the Philippines will continue to trail China in terms of economic growth in 2013, according to a think tank based in Washington, DC.

financiallyfree

Also, the IIF said that in three years to 2014, yearly domestic growth of the Philippines would be above 6 percent.

The think tank said that the country’s gross domestic product would follow through with a growth rate of 6.8 percent next year after the latest forecast of 6.5 percent for 2012.

These are upgrades of IIF’s previous forecasts of 5.7 percent this year and 6.5 percent in 2013.

In 2014, the IIF predicts that the Philippine economy will grow slower at 6.2 percent, to be overtaken by India and Indonesia for second and third place after China.

“The Philippines stands out for its strong growth this year,” the IIF said. “Real GDP was 7.1 percent greater in the third quarter than a year earlier—up from 6.2 percent in the first half, and 3.9 percent for 2011.”

Also, the IIF observed that exports of electronics products—which “sharply depressed” total Philippine exports in late 2011—recovered early this year.

Latest data from the National Statistics Office showed that exports grew by 6.1 percent year-on-year in October, while electronics shipments was almost flat at 0.3 percent.

“The reduction in the budget deficit gave the government some fiscal headroom this year to stimulate domestic demand, while consumption continued to be buoyed by inflows from workers abroad,” the IIF said further.

The think tank also noted that remittances reached $17.3 billion in the first nine months of 2012, which was 5.7 percent higher year-on-year.

Regarding the peso, IIF expected it to trade at 40.90 against the US dollar by year-end, strengthening further to 40.80:$1 in 2013.

The local currency will be much stronger in 2014 when it is expected to trade at a round 40 against the greenback.

But, if the 2007 average exchange rate is regarded as 100, the peso is continually weakening to an equivalent of 107.7 in 2012, 111.4 in 2013 and 114.1 in 2014.

 

Career fairs are going digital!

from the wall street journal online.

As companies find themselves swarmed with applicants, struggling to match workers with the right skills to job openings, many are turning to virtual career fairs. Employers say these online forums—accessed by companies and job seekers from anywhere in the world—can save them time and money, as well as broaden the candidate pool.

Companies are turning to virtual career fairs as they find themselves swarmed with applicants and struggling to match workers to job openings.

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When participants log into a virtual fair, they can access a variety of “booths” organized by company name or job field. In the booths, they find information about the company and positions available. Sometimes there are videos or live, one-on-one chats with recruiters or even high-level executives.

Candidates learn about fairs through the company’s website, social-networking services such as Facebook and Twitter, or word of mouth.

Procter & Gamble Co. and Citigroup Inc. customize their own company-specific virtual career fairs. Other firms, such as Boeing Co. and insurer Progressive Corp.,  join broad-based virtual career fairs hosted by companies like jobs sites Monster.com, which is owned by Monster Worldwide Inc., and Brazen Careerist Inc. The group fairs host anywhere from a handful to hundreds of companies.

As companies find themselves swarmed with applicants, struggling to match workers with the right skills to job openings, many are turning to virtual career fairs. WSJ‘s Emily Glazer has the story on Digits.

The fairs, which may last from several hours to a few days, are less about landing a job offer, say HR experts, and more about generating interest among candidates. Good candidates can be invited back for deeper, in-person interviews, while candidates who are not a great fit will be weeded out early on, they say.

At a P&G European virtual career fair last October, about 900 attendees logged in from countries throughout western Europe, as well as Turkey, Russia and Romania. Candidates had access to about 20 booths to learn about job types—finance, business development or product supply, for example—or local P&G offices. P&G representatives communicated in French, Spanish, German, Italian and English.

Lourdes Fuentes, a Geneva-based marketing executive with P&G, says the virtual fair is cost- and time-efficient because she can access it from her office and doesn’t have to spend a full day traveling. She tries to explain to potential candidates what P&G’s culture is like and which qualities are important for marketing. She says she has “met” some people with promise.

One candidate, Ioannis Boukas, heard about the P&G career fair on LinkedIn and logged in from work in Athens, Greece. At the fair, he learned about the firm’s international opportunities and got application advice from some P&G marketing managers and recruiters.

Mr. Boukas, 25, later decided it was worth taking a day off from work to attend an in-person P&G career fair. About six months and three in-person interviews later, he was hired as an assistant brand manager in Geneva.

Virtual career fairs serve as a “starting point” for many younger candidates, says Amy Ng, senior vice president of human resources at Citigroup.

Events like these are especially useful for what Ms. Ng calls “passive job seekers” or the large part of the population not actively seeking a job but interested in learning what is out there. This way, when they are ready to look or if they are laid off, they’ll “think Citi sounds like a great place to work, see how we interact with people,” she said.

Virtual career fairs are the future of the matching between job offer and research, if u wanna know more about virtual job fairs in the philippines, contact me!

Italian Furniture Design catalogue

Il catalogo di Italian Furniture Design, prima fiera virtuale dedicata al legno arredo e design promossa dalla Camera di Commercio di Monza e Brianza, è online; ecco le 70 imprese che hanno partecipato alla fiera: http://www.ifurndesign.com/contents/IFD_Catalogue.pdf
The catalogue of Italian Furniture Design, the first virtual fair dedicated to wood, furnitures and design, sponsored by the chamber of commerce of Monza and Brianza (Italy) is online now: http://www.ifurndesign.com/contents/IFD_Catalogue.pdf479772_179695305508805_2023735735_n

From Philippine daily inquirer – good news on Philippine economy..again!

financiallyfree The Philippine economy grew 7.1 per cent in the third quarter year-on-year, exceeding expectations and making it the best performer in Southeast Asia.

The country’s economic growth was the strongest in Asia during the period after China’s.

“We are well on our way to surpassing our growth target of 5 to 6 per cent this year,” Socioeconomic Planning Secretary Arsenio Balisacan told reporters yesterday.

Balisacan said the high growth of the gross domestic product (GDP), the value of goods produced and services rendered in a given period, was expected to translate to more jobs and better incomes for Filipinos.

A jump in third-quarter farm output and a late rebound in exports also contributed to the economy’s 1.3-per cent growth rate in the July-September quarter from April-June, which was three times as fast as economists had predicted.

Robust domestic consumption and higher government spending have helped cushion the economy from the worst of the global slowdown, while manageable inflation has allowed authorities to keep interest rates conducive to growth.

The country is the only economy in the world which the International Monetary Fund (IMF) believes will grow faster than earlier expected this year.

Earlier this month, the IMF raised its 2012 growth outlook for the Philippines to more than 5 per cent from its October forecast of 4.8 per cent, citing its sound fiscal and monetary policies.

‘Diamond’ of region

“The Philippines is the diamond of the region this year,” said Enrico Tanuwidjaja, economist for Southeast Asia at RBS in Singapore.

Indonesia was the second-best performer in Asean with 6.2 per cent growth, followed by Malaysia (5.2 per cent), Vietnam (4.7 per cent), Thailand (3 per cent) and Singapore (0.3 per cent). China posted a 7.7-per cent GDP growth.

Balisacan said the third-quarter performance of the Philippine economy was way above the market’s media forecast of 5.4 per cent.

The growth momentum is expected to continue next year as government works to ease the cost of doing business and as more infrastructure projects under the private-public partnership scheme get underway, he said.

Record infra budget

The government has set a record infrastructure budget of over 400 billion pesos (US$9.7 billion) next year as it pursues major upgrades of roads, ports, bridges and airports to speed up growth and boost private investment.

Balisacan said these along with finance department’s tapping of the country’s record foreign reserves to pay its foreign debts would ease the upward pressures on the peso next year.

The peso is Asia’s best performing currency so far this year, up more than 7 per cent against the US dollar on strong foreign inflows into Philippine stocks and bonds, fuelled by forecasts of sustained and resilient domestic growth.

Year-to-date growth is already at 6.5 per cent with services and industry (except mining) still driving growth.

Officials said the full-year growth would likely beat the target of 5 to 6 per cent and move toward the previously “aspirational” 7-8 per cent needed per year to spur employment and curb poverty.

A strong BPO sector, booming construction, increased consumer and government spending, and external trade contributed to the highest quarterly growth since 2010, said

Jose Ramon G. Albert, secretary general of the National Statistical Coordination Board.

Property boom

among industries, construction posted its highest growth in at least six quarters, jumping 24.3 per cent from a year earlier as Metro Manila enjoys the best property boom in two decades.

Public consumption expanded an annual 12 per cent in the third quarter, almost double the rate in the second quarter.

Relatively stable prices, steady inflow of remittances, and rebounding exports supported growth, according to the National Economic and Development Authority (Neda).

While export receipts of semiconductors and electronic data processing equipment contracted, both items contributed recently to increased imports, which may mean that manufacturers have been “stocking up” on intermediate inputs in anticipation of recovery in the global demand for electronic products, Neda said.

Agriculture also fared better in the third quarter than in the four previous quarters with increased rice and corn outputs as part of efforts to achieve food self-sufficiency. The weak fishery sector is a concern, however, Balisacan said.

Good governance

In a briefing, presidential spokesperson Edwin Lacierda attributed the high growth rate to “sustained confidence in the leadership of President Benigno Aquino III and his administration, which has consistently equated good governance with good economics.”

Aquino, who was elected in 2010, has instituted anticorruption reforms while seeking to boost revenues and improve government spending.

“The Philippine economy has shown both resilience and resurgence despite the global economic slowdown,” Lacierda said.

Finance Secretary caesar Purisima said confidence in the way the government was being run had encouraged more people to do business in the country.

“The growth rate shows that the economics of good governance, or ‘Aquinomics’ works,” Purisima said in a statement.

The Makati Business Club (MBC) lauded the strong third-quarter performance.

“Good governance is paying off. President Aquino and his economic team must be lauded,” MBC executive director Peter Perfecto said via text message.

Trade Secretary Gregory Domingo said in a phone interview that he was “not surprised” by the 7.1-per cent growth for the third quarter because the country was coming from a low growth base.

In the third quarter of 2011, the economy turned sluggish as exporters and other contributors to the economy felt the impact of the triple tragedy in Japan and the flooding in Thailand earlier that year.

“Nevertheless, it is good to post this level of growth for the third quarter. We will continue to help our business people with shared facilities, simplifying and shortening the process of starting a business, and educate entrepreneurs as well as students on how to take advantage of free-trade agreements.

Budget Secretary Florencio Abad said the latest indicators showed that the country faced “very fruitful times ahead” with low inflation and interest rates and increased confidence in government reforms.

Christmas, poll spending

Abad said growth was likely to stay robust in the fourth quarter.

“Public consumption will most definitely stay robust, fuelled by high consumption levels during the holidays, continuing investments in public and private infrastructure, and the kick-start of election-related spending this Christmas season,” Abad said in a separate statement.

Abad said this would improve the country’s credit rating further. Both Moody’s and Standard & Poor’s raised the Philippines’ credit ratings to within one rung of investment grade in recent months.

However, Balisacan said there were still external threats such as the “looming fiscal cliff” in the United States and the long-running eurozone crisis.

He also said the government was closely watching the strengthening peso, which could hurt exporters’ competitiveness.

i numeri della fiera virtuale “made in Brianza”

Italian Furniture Design: più di 1.700 accessi da 47 Paesi per visitare il made in Brianza

 

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Ecco tutti i numeri della tre giorni tutta sul web dedicata allegno arredo e design “made in Brianza”: sono stati registrati più di 1.700 accessi da 47 Paesi del mondo, con oltre 9.600 biglietti da visita scambiati. Più di 350 sono stati poi gli avatar tra espositori e assistenti impegnati nella promozione dei prodotti esposti.

I visitatori hanno avuto l’opportunità tra l’altro di scoprire “virtualmente” residenze storiche arredate su misura con progetti personalizzati dai migliori artigiani e maestri d’arte della Brianza.

Complessivamente i visitatori di Italian Furniture Design hanno incontrato sul web  circa 70 espositori, tra le eccellenze del “made in Brianza” e le istituzioni a sostegno del distretto. Mediamente ogni giorno 600 visitatori hanno visitato gli stand senza spostarsi, dialogando con gli espositori in tempo reale, passeggiando attraverso i loro avatar in fiera, esattamente come all’interno di un percorso espositivo reale, orientandosi al meglio tra i diversi settori, utilizzando al posto della cartina lo strumento di ricerca delle tag per identificare immediatamente prodotti, servizi e imprese. Lo spazio virtuale comprendeva anche l’infopoint, servizio che ha fornito assistenza a circa 100 utenti al giorno.

 

Italian Furniture Design, expo closes with outstanding results!

One week ago the IFD virtual trade show kicked off and though everyone expected a successful event, no one could have known what an international success it would be. Now we have assembled the results to find our most outstanding virtual expo metrics yet.

With 65 exhibitors the event attracted over 1,700 attendees from nearly 50 countries world wide (see list below). It is clear that these participants came to do business with over 9,000 business cards exchanged and tens of thousands of clicks on exhibitor specific content.

At Hyperfair we are ecstatic not only about the results of this virtual event, but also with the smooth launch of our newest 3D platform yet that made its debut at IFD. The new 3D  virtual events platform works faster and more efficiently than the previous versions and offers attractive new features aimed to make the experience even easier for users.

A video demo will be released soon showing the new platform. Can’t wait? Give us a call. We’d love to demo it for you.

User Nations:

Europe: Albania, Andorra, Austria, Belarus, Belgium, Bosnia/Herzegovina, Bulgaria, Czech Republic, Denmark, Estonia, France, Germany, Greece, Italy, Lithuania, Netherlands, Portugal, Romania, Russia, Slovakia, Slovenia, Spain, Switzerland, Turkey, Ukraine, United Kingdom

South America: Argentina, Brazil, Chile, Ecuador, Peru, Uruguay

The Middle East: Afganistan, Israel, Lebanon, Qatar, Saudi Arabia, Syria, United Arab Emirates

North America: Canada, Mexico, USA

Asia: India, Japan, Thailand

Pacific Islands: New Zealand, Philippines