Interesting article worth reading about the Philippines.
Roughly 10% — nine million people — of the Philippines population has left the country to take overseas jobs, primarily as maids, nannies, and nurses.
There are only two Philippine stocks listed on U.S exchanges (Etelcare Global Solutions and Philippine Long Distance Telephone) so I haven’t paid much attention to the Philippines for investment ideas.
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CHL is a loser.The government’s restructuring favors China Unicom abd China Telecom over CHL. Short this pig and make money like I did with Tony’s other hot picks — IMOS and EDU.