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This profile was last updated on 8/30/12  and contains information from public web pages.

Mr. Winston Conrad Padojinog

Wrong Winston Conrad Padojinog?

Senior Economist and Dean

School of Management at the University of Asia..

Employment History

  • Economist
    University of Asia
  • Economics Professor
    University of Asia
  • Senior Economist and Dean
    School of Management at the University
  • Senior Economist
    University of the Asia
12 Total References
Web References
Winston Conrad Padojinog, ..., 30 Aug 2012 [cached]
Winston Conrad Padojinog, senior economist and dean of the School of Management at the University of Asia...
YEHEY!News [cached]
Essentially created as a passed on tax to consumers, the market will receive minimal impact from the projected price hike, said Winston Padojinog, University of Asia and the Pacific (UA&P) microeconomics specialist and professor, in a telephone interview yesterday.
He also brushed aside concerns from the vendors that the increase in price might prod local consumers to buy items abroad, such as Hong Kong and Singapore, where prices are lower.
Mr. Padojinog said only 11% to 12% of the 80 million Filipinos can afford to shop abroad, where majority of the total is financially dependent on the eight million overseas Filipino workers (OFWs).
More than the consumers, Mr. Padojinog said vendors, distributors and resellers are seen to absorb some parts of the 2% increase in VAT, once passed by Congress.Congress is currently deliberating the proposal to increase the VAT to 12% from 10%, as a source of additional funding to government.
A 2% increase in VAT has a corresponding 2% increase in the base price of IT products.
Mr. Padojinog said IT companies will absorb the necessary price adjustments even risking their profit margins so as not to drive away consumers and prevent inventory build-up, which is tantamount to losses.
For an IT distributor such as MSI Digiland Philippines, Inc., an inventory staying for 30 days in a warehouse is already subjected to price discounts to prevent the possible losses.
"The impact is negligible for the consumers but it would really affect the companies because they do not want to keep products that are facing obsolecence.They will rather convert them to cash, rather than keeping them,"said Mr. Padojinog.
:: Welcome to Manila Bulletin Online ::, 1 May 2005 [cached]
Winston B. Padojinog, an economist at University of Asia and the Pacific, told a local newspaper that increased demand for top-grade commercial offices will drive vacancy this year down to 15 percent of available space from nearly 35 percent in 1999.
YEHEY!News [cached]
"Tourism is definitely a bright spot in the Philippine economy this year," said economics professor Winston Padojinog of the University of Asia and the Pacific.
Padojinog based his figures on the 1.286 million tourist arrivals recorded in the first half of 2005, which he said would most likely be replicated in the second semester.
He noted that the tourism industry in 2004, generated revenues amounting to $1.99 billion from 2.3 million visitor arrivals.
"We are on our way to receiving 2.6 million visitor arrivals this year, the highest in many years," he said.
Winston Conrad Padojinog, ..., 1 Aug 2012 [cached]
Winston Conrad Padojinog, senior economist and dean of the School of Management at the University of Asia amp; the Pacific (UAamp;P) warned a real estate bubble may happen if developers will continue building high-end residential projects without serving the huge demand on socialized and low-cost housing.
Express your condolences to DILG Secretary Jesse Robredos family
"There is no glut yet but people are buying units not out of need but because of other purposes, like investment. It is important for developers to look into underserved markets so they'll be assured of sustained demand" said Padojinog.
Padojinog was one of the speakers during the UAamp;P Strategic Business Economic Program (SBEP) hosted by the UAamp;P/SBEP-Cebu Alumni Association in partnership with the Cebu Business Club in Marco Polo Hotel Cebu last Friday.
He said buying more properties for other purposes is prone to speculation, which pushes property prices up. Padojinog said there is already an oversupply in certain property segments, specifically in the middle to high-end markets.
Padojinog said that in order to "avoid a bubble or asset inflation," the industry needs to address an "underserved market."
"The country still has a huge housing backlog that needs to be addressed," said Padojinog.
He said Cebu's housing backlog is still 200,000 units.
Padojinog also urged banks to extend loans to mainstream market or to consumers who can afford to borrow up to P3 million in residential loans.
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