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Sunday, October 20, 2019

Five Countries in South Asia and SEA with the Best Prospects for Online Micro Consumer Lending



Wazzup Pilipinas!

According to the analysts of the financial holding Robocash Group who made a corporate ranking of countries in South and Southeast Asia, Laos, India, the Philippines, Myanmar and Vietnam have the highest prospects for the development of online micro consumer lending.

The highest score in the ranking (20) belongs to Laos. It combines a high potential of the untapped demand with a positive attitude to short-term online lending from the government and population. The need for relevant products in Laos is similar to the situation in Myanmar, but it is free from some obstacles of the latter. Over time, the new market will grow, and foreign investors may significantly contribute to this process. The underdevelopment of the legislation and the absence of financial institutes such as credit bureaus encourage experienced foreign companies with a fine-tuned scoring and reliable operation processes to support the efficient development of the market.

India holds second place with a score of 18. Despite a direct connection between the development level of a country and its place in the ranking, India is an exception. Although a significant part of local people already has access to credit products (79.9%), the rest include hundreds of millions of people. It correlates with the formed regulation. Besides, the market has a relatively small number of foreign companies, and not many Chinese startups have entered the market. As a result, the competition remains quite moderate.

Third place belongs to the Philippines (16). The country gives in the leading positions to other countries because of their hidden potential. However, other advantages compensate for it. The country has an established market of short-term lending services, flexible and facilitative regulation. Then, there is a balance between the high demand for relevant products and low debt load among the population. Moreover, the Philippine government is driving the digitization of financial services to decrease the factor of geographical fragmentation. It makes the country stand out on the regional background.

Myanmar is fourth in the ranking (14). As a country with a relatively large number of people below the poverty line and high demand for micro consumer loans, Myanmar stands out in comparison to the more developed countries in Southeast Asia. Still, some points are holding the market back. Partly, this is due to its underdevelopment. The government has introduced strong regulation to get rid off illegal creditors, which activities have led to debt overload of the population. The latter reduces the attractiveness of the country for foreign companies significantly.

Fifth place belongs to Vietnam (12). Vietnam demonstrates significant demand for micro consumer online loans. With a large number of people living in rural areas (66%), only one-third of the population has access to credit products. Another stimulating factor is the growing GDP forecasted to increase by 6.6% by 2020. Still, Vietnam should improve its regulation in terms of licensing of companies and control of financial statements. Overall, the country represents a bright example of the market with a medium position in the ranking. Vietnam is quite perspective but gives in the leadership due to the current difficulties for the business.


Methodology:
To rank the countries by their prospects for the development of micro consumer online lending, the estimate took into account the information about GDP, population and its access to financial services, regulation requirements and some other additional factors.

Araneta City Chistmas “Parolan” Celebrates Yuletide Spirit



Wazzup Pilipinas!

Araneta City, the City of Firsts celebrates its first Christmas as a city starting by opening anew its Christmas Parolan.

Parolan in Araneta City returns this year to its home at the Farmers Market Parking, along Gen. MacArthur Ave. Located just beside the Farmers Garden, Parolan is now more than just a bazaar of Christmas items, it is also a place where one can rekindle the spirit of Christmas.

Stores in Christmas Parolan offer the best bargain for Christmas decors. One can get a Christmas tree for as low as P300 to as much as P7,000, while lanterns are sold for as low as P300 to as much as P5,000. But with the spirit of giving merchants might give discounts that can meet one’s budget. 





There are also vendors in Christmas Parolan where one can ask to customize the color of the lights of the lanterns as well as the decors on garlands and Christmas trees. Labor costs depend on how much your heart can give.

Araneta City Christmas Parolan is also a place to reunite. One can also bring their Families and Barkadas not only to shop together but as well as to dine within the area surrounded by Christmas lights and decors. Dining tables are lined along stalls that sell traditional Filipino holiday delicacies puto bumbong and bibingka. There are also different choices of foods like barbecue, chicharon, lugaw and other soups as well as the iconic empanada from Ilocos.

Christmas Parolan has been the top destination for shoppers due to its accessibility. Because it is situated near the MRT and LRT line 2, people from the South and North side of Metro Manila, as well as those coming from the East and West, can easily visit the Christmas bazaar. Jeepneys, buses, and UV express, terminals are also near giving shoppers at the Parolan various choices for their preferred mode of transportation.

And since malls (i.e. Gateway, Ali Mall, and Farmers Plaza) are just a stone’s throw away from the Christmas Parolan, one can also shop for Christmas gifts along with buying decors.

So, what are you waiting for? Shop and dine now at the Christmas Parolan in Araneta City before the Christmas rush begins.

PHLPost Launched Stamps to Mark 125 Years of Sorsogon Province



Wazzup Pilipinas!

The Philippine Postal Corporation (PHLPost) represented by Postmaster General Joel Otarra and Governor Chiz Escudero of the Province of Sorsogon celebrated their 125th founding Anniversary with the launching of the special commemorative stamp last October 17.

Featured on the 125th Founding Anniversary stamp are the most famous facets of Sorsogon- the Provincial Capitol Building, the Donsol butanding or whale shark, the scenic mountainscapes of the province, and the Cross marking the site of the first Holy Mass held in Gibalon, Magallanes in 1569. This event is celebrated every October 22 and coincides with the town’s Kasanggayahan (Prosperity) Festival.

It was on October 17, 1894, that Sorsogon was officially separated from the province of Albay.

Sorsogon City is its Capital.



The province of Sorsogon‘s rich culture and heritage are valuable assets to the province, and the people of Sorsogon honoring their roots.

PHLPost has printed 40,000 pieces of the stamps which is being sold at P12 each. Graphic Artist Rodine Teodoro designed the stamps.

Stamps and Official First Day Cover of the commemorative stamps are now available at the Philatelic Counter, Manila Central Post Office, all Mega Manila Post Offices, Postal Area 2, San Fernando La Union, Postal Area 4, San Pablo, Postal Area 5, Mandaue, Postal Area 7, Davao and Postal Area 8, Cagayan De Oro.
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