Successful Chinese Business People in Tonga, Philippines and Asia -- Filipino Online Bulletin - Philippine News Updates from USA, Philippines, Beyond

[ Show ]

Support VoyForums

[ Shrink ]

VoyForums Announcement: Programming and providing support for this service has been a labor of love since 1997. We are one of the few services online who values our users' privacy, and have never sold your information. We have even fought hard to defend your privacy in legal cases; however, we've done it with almost no financial support -- paying out of pocket to continue providing the service. Due to the issues imposed on us by advertisers, we also stopped hosting most ads on the forums many years ago. We hope you appreciate our efforts.

Show your support by donating any amount. (Note: We are still technically a for-profit company, so your contribution is not tax-deductible.) PayPal Acct: Feedback:

Donate to VoyForums (PayPal):

03/11/25 9:35pm PDT

[ Login ] [ Contact Forum Admin ] [ Main index ] [ Post a new message ] [ Search | Check update time | Archives: 1, 2, 3, 4, 5, 6, 7, 8, 9, 10 ]

Subject: Successful Chinese Business People in Tonga, Philippines and Asia

Author:
Cora

[ Next Thread | Previous Thread | Next Message | Previous Message ]

Date Posted: 12/17/01 1:49pm PST

I found this sad story in the Nov. 27 Sydney Morning Herald (http://www.smh.com.au/news/0111/27/text/world14.html) regarding hundreds of Chinese businessmen and their families being expelled from Tonga because of their success in business. Indigenous Tongans are attacking and kidnapping them, and burning their shops out of jealousy. The news says Chinese goods are sold at cheaper prices and stores are open around the clock to ensure their good performance. On the other hand, the native-owned shops are being run inefficiently.

We must emulate these Chinese for their admirable entrepreneurial spirit. We can't deny that they are the real experts in this area. No wonder why they own the largest and most profitable businesses in big cities in the Philippines, like Manila and Cebu, as well as in other countries.

Filipino Vocabulary of the Day:

Intsik: noun (derogatory) - Chinese
Tsinoy, also Chinoy: noun - Filipino of Chinese origin
Tsinay, also Chinay: noun - Chinese Filipina

Tsinoy Trivia:

Ethnic Chinese comprise only 2% of the total population of the Philippines. However, they direct half of all listed companies in the Philippine stock market.

Eight out of 12 billionaires from the Philippines on Asia's list of the 100 richest people are of Chinese extraction: Tan Yu (Fuga Internationale Group); George Ty (Metrobank); Henry Sy (SM Prime Holdings); Lucio Tan (Fortune Tobacco, Philippine Airlines); Andrew Gotianun Sr. (Filinvest Group); John Gokongwei (JG Summit); Alfonso Yuchengco (House of Investments); and Eduardo Cojuangco Jr. (UCP Bank, San Miguel Corp.)

Sources: http://www.access-a.com.au/course/t100byc.htm; http://news.bbc.co.uk/hi/english/world/asia-pacific/newsid_1514000/1514916.stm

[ Next Thread | Previous Thread | Next Message | Previous Message ]

Replies:

Subject	Author	Date
Re: Successful Chinese Business People in Tonga, Philippines and Asia	,	12/20/01 9:42pm PST


Re: Successful Chinese Business People in Tonga, Philippines and Asia	Filipino	01/14/02 2:05pm PST
Re: Kidnappings & Media's responsibility -- Chinese-Filipino, 01/30/02 2:33pm PST It looks like kidnappings are becoming more widespread under Philippines leader Gloria Macapagal-Arroyo. CLICK HERE for a Daily Tribune news story revealing that cops and other Philippine government officials are also the brains behind many of the recent abduction and killing cases in the country. -- Tsinoy, 02/ 6/03 2:55pm PST Re: Philippines As Asia's Kidnap Capital -- Please stop kidnapping local and foreign businessmen, tourists and other foreigners!, 02/25/02 10:14am PST

Re: Successful Chinese Business People in Tonga, Philippines and Asia	Brentano Amaroso	05/18/03 2:44pm PDT