A friend recently passed an Industry article to me that quotes the Fraser Institute in stating in a rather succinct statement:
“And the places you should avoid at all costs are Indonesia, Vietnam, Venezuela, Democratic Republic of Congo (DRC), Kyrgyzstan, Zimbabwe, Bolivia, Guatemala, Philippines, and Greece, concludes the survey.”
In a December 31, 2012 article by the Inquirer, the Mining Industry has estimated a Two Billion Dollar loss in mining investments for the Philippines. Beyond the obvious numbers we have to ask why industry investors would mention the Philippines as “one of the places you should avoid at all costs”? As a country that seems to be poised as the next emerging tiger of Asia, it is funny to note industry reports that signal a stink that drives them away.