Last week, I took a holiday in the Philippines. I spent 4 days on the famous white beach in Boracay and 2 days in metropolitan Manila. It is always interesting to observe the foreign country way of life and culture. I have thus pen my observations and thoughts in this post. Of course this blog is about investment, I shall focus the content on the economics and business of the country. Getting there – Cebu Pacific Air A good place to start is how did I get there? I took a budget airline, Cebu Pacific Air, to Manila. It cost me around S$200 to Manila and another S$200 to transit to Caticlan airport, near the Boracay Island. Cebu Air (listed on PSE) appeared to be the dominant player in the domestic flight market in the Philippines. I judged based on the number of check-in rows in Terminal 3 of ......