The Philippines is at war over energy

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Living in the Philippines at the moment you could be forgiven for thinking that the country is at war. It feels like D-Day. For the last 3 days I've seen helicopters, jet planes flying around with great conviction. Surely the Philippines is stepping up its military rhetoric as a result of ongoing clashes with the Chinese over the Spratly Islands. It is enough to suspect that this is going to be an awful shock for equity markets. Not that the issue will amount to anything; its just the surprising hostilities over something which was really off the radar....or more to point....such a pin-prick that no one thought much of it. It becomes just another reason to sell in a market with a confidence problem. Of course, for China it is a measure of conviction, an incidental issue to test whether the US would actually engage on an issue of real importance, like Taiwan.

Resort living in the Philippines

In actual fact, it makes more sense for the Philippines to simply give the offshore areas to China. Why? Well, ultimately the only reward the Philippines could expect is a royalty. Any oil or gas would be despatched to China, the only investors would be Chinese/Taiwanese, and this is ultimately the market.

Andrew Sheldon NZ Property Guide Philippine Real Estate Guide Foreclosed Japan Guide Applied Critical Thinking, Strategy, Integrity Investments SheldonThinks