Learned a few things during my trip to the Philippines this time. Another country that amazes me. For the first time in history, Philippines attracted more foreign direct investments (FDI) than Malaysia, in 2010 (see: Malaysia’s FDI plunge).
There are a lot of people here using prepaid phones as opposed to postpaid phones. This is because the requirements of getting a postpaid account is quite tough (you need bank documents, etc. before they give you an account).
Many people carry more than one phone (or have more than one SIM). Smartphones face an uphill battle – they cost too much and there is generally no operator subsidy because everyone prefers prepaid accounts. It makes economic sense to have more than one SIM,[Read more...]