The 10 Richest Person in Philippines

It is very interesting to know that who is the richest person in Philippine, and it is a good thing for the people of Philippine that the many people of there country are listed in the list of Forbes billionaires. They work hard and become famous and popular all around the world. And the richest is Henry Sy came from China He owns the largest shopping malls in the Philippines with 39 malls all over the country and now expanding in China.The SM Prime is now manage by His son Hans.

Here is a list of Forbes top 10 richest person in Philippine.

1. Henry Sy $7.2 billion
2. Lucio Tan $2.8 billion
3. John Gokongwei Jr. $2.4 billion
4. Andrew Tan $2 billion
5. David Consunji $1.9 billion
6. Jaime Zobel de Ayala $1.7 billion
7. Enrique Razon Jr. $1.6 billion
8. Eduardo Cojuangco Jr. $1.4 billion
9. Roberto Ongpin $1.3 billion
10. George Ty $1.1 billion

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World's Richest Man of 2010: Carlos Slim Helu

For the third time in three years, the new richest man in the world. In the person of Carlos Slim Helu a business tycoon from Mexico. He takes No. 1 spot on Forbes World's Billionaires list as a record 164 10-figure titans return to the ranking amid the global economic recovery.Riding surging prices of his various telecom holdings, including giant mobile outfit America Movil ( AMX - news - people ), Mexican tycoon Carlo Slim Helu has beaten out Americans Bill Gates and Warren Buffett to become the wealthiest person on earth and nab the top spot on the 2010 Forbes list of the World's Billionaires. Slim's fortune has swelled to an estimated $53.5 billion, up $18.5 billion in 12 months. Shares of America Movil, of which Slim owns a $23 billion stake, were up 35% in a year. read more

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Wishes He Could Buy These Stocks: Warren Buffett

Toward the beginning of Buffett's investing career, Individuals who invest dollar amounts in the thousands, however, should be scouring the markets every day for the next Blackboard. It's the only way to even approach those 30% or 40% annual returns. Do you know why Warren Buffett bought Burlington Northern Santa Fe(NYSE: BNI)? It's not because the railroad operator has great growth prospects (it doesn't), or because Buffett got a sweetheart deal (he didn't). It's simple: Buffett bought Burlington Northern because the company is really, really big. read more.

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Debate Pros and Cons of Regulation of Two Prominent Economists

“The record shows the Federal Reserve was never ahead of a crisis. The SEC [Securities and Exchange Commission] was given pages, 20 pages, explaining what [indicted financier Bernard] Madoff was doing, and they could not figure it out. To give them more power to regulate is a nonstarter,” he said.

Meltzer said the proper course of action is to eliminate taxpayer relief for financial institutions that have come to be called “too big to fail.” “If we don’t get rid of ‘too big to fail,’ we’ll sooner or later have another crisis just as bad as this because ‘too big to fail’ encourages banks to believe that they make the profits and the taxpayers take the losses.” read more...

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