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Contributed by: Ara Espina

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a country composed ofseven emirates namely:Abu Dhabi, Ajman,

Dubai, Fujairah, Ras al-Khaimah, Sharjah, andUmm al-Quwain.

 “second-biggestdestination for Filipinoworkers” after the land

of Saudi Arabia

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UAE has a production growth rate of 4.2% lastyear.

Gross Domestic Product rose to $358.9billion in 2012. Twenty-five percent of theirGDP is mainly based on oil.

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 Jobs: 4.337 billion (85% of them are occupiedby expatriates)

unemployment rate: 2.4%.

Exports earnings: $300.9 billion (crude oil,natural gas, dried fish, and dates during2012)

Imports costs: $220.3 billion (machinery,

equipments, and food during 2012)

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Budget:

8,200,000php

(Philippine SportsCommission)

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The team won 0.01gold medal for every100,000php spent by

the country. They won a total of

0.09 medal for evey100,000php spent by

the country.

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Awards in Metro Manila Film Festival 2012:

Best Picture

Best Actor award for Dingdong Dantes Best Child Star award for Miguel Vergara

Best Editing award

Best Screenplay award

FPJ Memorial Award for Excellence.

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total budget:

15,000,000php earnings: 213 million

pesos

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Export has grown at anannual average of 11%in the last ten years.

Top export markets ofPhilippine furniture are

 Japan and the UnitedStates.

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One of the world’s

best producers offine furniture

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Manufactured products may be classified intotwo broad categories:

leg items - chairs, tables, beds, headboardsand settees

case goods - cabinets, desks, wardrobecases, chest of drawers, dressers and kitchen

storage units

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Number of furniture firms: 15,000 (9,750 are

cottage or small manufacturers) Employed in the furniture industry: 800,000

workers

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Major furniture-making areas in thecountry:

1. Cebu (60% of totalexports)

2. Metro Manila

3. Pampanga

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Sveriges Riksbank Prize in Economic Sciences

in Memory of Alfred Nobel 1988

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"for his pioneeringcontributions to thetheory of markets and

efficient utilization ofresources" .

A la Recherche d'uneDiscipline Economique ,

(1943) and Economie etInteret  (1947)