Those complaining that the quality of living in the Philippines is worse compared to other countries may be right.
In the 2008 Quality of Living Survey conducted by Mercer Consulting, Manila ranks 131st out of 215 countries assessed based on quality of living and personal safety. The country slipped eight places from 123rd last year.
Zurich, Switzerland topped the list while Baghdad, Iraq was at the bottom.
Manila trailed behind neighbors such as Singapore (32nd); Tokyo, Japan (35th); Hong Kong (70th); Kuala Lumpur, Malaysia (75th); Taipei, Taiwan (84th); Shanghai, China (98th); and Yeochun, South Korea (112th).
It was ahead, however, of other Asian neighbors Jakarta, Indonesia (146th) and the Vietnamese cities of Ho Chi Minh (147th) and Hanoi (150th).
Manila was one of the cities that scored low on personal safety. It ranked 178th while the regional top scorer, Singapore, was in 9th place. Personal safety rankings are based on internal stability, crime, effectiveness of law enforcement and relationships with other countries.
Mercer assessed and evaluated each city based on 39 key quality of living determinants. Data was largely collected between September and December 2007. The report is primarily used by firms as a guide in placing employees on international assignments.
Source: GmaNews.tv
Manila, Philippines slips in 'Quality of Life' survey
About the Author
PSEi support seen at 6,200 and 6,000 amid weaker Peso
In a not-so-surprising move, the U.S. Federal Reserve (Fed) yesterday raised interest rates by 75 basis points (bps) or 0.75% in a bid to tame rising inflation in the United States. This was the third consecutive 0.75% rate hike by the Fed, which brings the federal funds rate, the central bank’s benchmark interest rate, to ... Read more
Official SWIFT Code of BDO, BPI, Metrobank, Philippine banks
When sending cash remittances or wire transfer to a bank account in the Philippines (such as BDO, BPI, Metrobank, Landbank, DBP, etc.), you’ll surely need the SWIFT Code of the bank. Look no further because you can find all the SWIFT Codes you need in this list! Make sure you’re using the right bank code ... Read more
How to Waive your Credit Card Annual Fee (BDO, BPI, Metrobank, RCBC, Citibank, UnionBank)
Without a doubt, one of the most annoying fees that credit cardholders have to pay is the annual fee. Majority of cardholders are familiar with this fee and majority of us likely pay this grudgingly year after year after year. In the case of my credit card with BPI (Bank of the Philippine Islands), I’m ... Read more
Why Filipinos do not become business owners or entrepreneurs
For a majority of Filipinos, entrepreneurship does not seem to be a typical, expected path. This is not surprising, considering that in school, students are primarily taught to become employees after graduation. Students train for years to become staff workers, reporting to a supervisor, and just waiting to receive their wages or salaries every month. ... Read more
My experience investing in Mutual Funds in the Philippines
I started investing in mutual funds when I was 22 years old. As an Overseas Filipino Worker (OFW) then, I was fortunate to be able to save some money at that young age because of my work abroad. One time while I was on vacation in the Philippines, I saw a large billboard in EDSA ... Read more
Income Tax Tables in the Philippines (2022)
The Philippines’ new tax reform bill, known as TRAIN or Tax Reform for Acceleration and Inclusion, was signed into law on December 19, 2017 and its implementation began on January 1, 2018. What are the new income tax rates under the TRAIN law? How will TRAIN affect income taxes of individuals and corporations? How is the ... Read more
PSE Stocks Performance under each Philippine President (1987-2021)
Did you know that Philippine stocks were able to achieve an astounding growth of 800% in a span of 30 years? From 1987 until 2018, the Philippine Stock Exchange index (PSEi) rose from 1,000 points to a peak of 9,000 points — generating a return of 800% over 30 years. (The PSEi is an index ... Read more
SSL 2022: Salary Increases for Teachers, Nurses, Gov’t Employees
Good news to all government employees! There’s a new round of salary increases beginning January 1, 2022! Millions of employees of the Philippine government — including public school teachers, nurses and staff of government hospitals, and workers in local and national government agencies, etc. — will be getting an automatic salary adjustment this 2022 under ... Read more
PSE Trading Hours in 2022: What time open, when closed?
Before you take the plunge into stock trading and investing, make sure you understand what stocks are and how the Philippine Stock Exchange (PSE) operates. Unlike other investments that are relatively safe, stock trading is risky and loss of money is a possibility. So before you deep dive into the exciting world of stock trading, ... Read more
Price Floor and Price Ceiling of PSE Stocks
Trading bands in the PSE come in two forms: Price Ceiling, or the upper price limit, and Price Floor, or the lower price limit.