Closetinvestor 60899 "I’m uneducated on the P
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Posted On: 10/14/2020 1:19:55 AM
Re: ClosetInvestor #60899
Closetinvestor 60899
"I’m uneducated on the Phllippinian equivalent of the FDA, but based on the country’s government, I doubt its an internationally respected institution and one that other countries look to for drug approval guidance, etc."
I guess you are unaware that 2 of the main exports of the Philippines are Doctors and Nurses. (Similar to Cuba.)
LA goelette 60873
"Per capita GDP was less than $4000 in 2019 ,and the economy is worse now with Covid drastically reducing both tourist income ,and overseas worker income."
personal remittances received by a country are not included in that country's Gross Domestic Product (GDP), because they do not represent goods and services produced in that country.
And by the way the Financial Services Industry in San Francisco uses "Philippinos" as the back office workforce, and California has the majority of Filipino-Americans.
The Philippines' foreign reserves are seen to surpass USD100 billion by the end of the year, partly due to the Bangko Sentral ng Pilipinas' (BSP) decision to actively manage its gold holdings.
Disclaimer - I am not Filipino, but I am an immigrant from a small country of 1.3M citizens, with a Sovereign Wealth Fund over US$5B.
Don't presume to know what a country can afford.
"I’m uneducated on the Phllippinian equivalent of the FDA, but based on the country’s government, I doubt its an internationally respected institution and one that other countries look to for drug approval guidance, etc."
I guess you are unaware that 2 of the main exports of the Philippines are Doctors and Nurses. (Similar to Cuba.)
LA goelette 60873
"Per capita GDP was less than $4000 in 2019 ,and the economy is worse now with Covid drastically reducing both tourist income ,and overseas worker income."
personal remittances received by a country are not included in that country's Gross Domestic Product (GDP), because they do not represent goods and services produced in that country.
And by the way the Financial Services Industry in San Francisco uses "Philippinos" as the back office workforce, and California has the majority of Filipino-Americans.
The Philippines' foreign reserves are seen to surpass USD100 billion by the end of the year, partly due to the Bangko Sentral ng Pilipinas' (BSP) decision to actively manage its gold holdings.
Disclaimer - I am not Filipino, but I am an immigrant from a small country of 1.3M citizens, with a Sovereign Wealth Fund over US$5B.
Don't presume to know what a country can afford.
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