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 I just ran across this list of the 40 Richest in the Philippines, along with the article about those same richest 40. It's interesting how they managed to keep getting richer - although I'm not sure whether the metrics can be entirely trusted, as they are valuing private assets.  Certainly a different story than back in the states if it's accurate.  Overall, the Philippine economy seems to have taken less of a hit than many others worldwide.  Here in Dumaguete we've certainly seen a lot of road construction - which, according to an acquaintance of mine, is funded by the IMF, which is in turn largely funded by US issuance of debt, which strangely enough, someone is still buying.