PHL tops 'worst countries' for doing business in Asia--CNBCP

[Monseratto]

If it's on the subject of either worst or hated, the Philippines always tops the list...

PATERNO ESMAQUEL II, GMA News
11/09/2011 | 04:30 PM



(Updated 5:51 pm.) Despite its mineral wealth and large English-speaking population, the Philippines is the most difficult Asian country to do business in, said news network CNBC in its recent list of the World’s Worst Countries for Business.

The list, which is based on the World Bank’s “Ease of Doing Business" report, also ranked the Philippines as the fourth worst place for business on a global scale. Two other Asian countries – India and Indonesia – made it to the list at sixth and seventh place, respectively.

CNBC noted that the Philippines attracted only 2.5 percent of the $76.5 billion of foreign direct investments that flowed to the Association of Southeast Asian Nations’ 10 members in 2010.

“Foreign businesses are wary of the Philippine’s unstable legal system, violence, and bureaucracy. Its ease of doing business ranking from the World Bank fell a further two spots this year from 2010," the business news agency explained.

It also noted that the Philippines ranks among the lowest in starting a business and resolving insurgency. The latter takes more than five and a half years compared with the average one year and seven months in countries belonging to the Organization for Economic Cooperation and Development, CNBC said.

‘Dissecting the issue’

Virgilio Fulgencio, National Competitive Council Philippines (NCCP) executive director for public sector, acknowledged the findings of the WB report on which the CNBC report was based.

To address the most pressing problems in relation to the WB report, the NCCP will convene a meeting with the concerned national and local officials on Nov. 18, Fulgencio noted. “We’re really studying and dissecting the issue para ma-isolate natin ang dapat gawin," he said.

President Benigno Aquino III is active in attracting foreign investments, with the President recently inviting Chinese investors to invest in the Philippines, Fulgencio added.

The Philippines also jumped 10 notches to 75th in the World Economic Forum’s global competitiveness index this year, CNBC added. — VS, GMA News

[uls]

hehe

tagal ko na sinasabi sakit sa ulo mag business dito

[sgt_taga]

matter of time na lang... we'll top this list.

YOY, palala nang palala ang mga problema ng pinas na lahat na lang ng pinoy eh alam maliban sa mga nauupo sa gobyerno.

lack-of and non-action of every leader voted by the masses gets us closer and closer to being the topnotcher

tsk tsk

[thejerk]

i'm not surprised.

[blitz122805]

True. Ang hirap at magulo ang systema kahit simpleng business lang. Mga locals nga nadidiscourage mag put up ng business pano pa kaya mga foreigns.

[chua_riwap]

lahat nga puro negative nababasa natin sa news lately about the philippines.
the only positive news is lolong.......

[CoDer]

What else is new.

Noong alaw ok ka pag nag declare ng tamang buwis.

Ngayon? Sobre na lang.

At pag nag process ka ng permits...

"Ser, para mabilis ma pirmahan yan eh magbigay ka na lang ng por da boys."

[Altis6453]

If only the PH can implement:

1. One-stop, one-time business registration and licensing which would take only 2 weeks max;

2. Simplified taxation scheme for businesses with online payment facility or bank payment facility with any commercial bank (not with LandBank or PNB, please!);

3. Simplified and expedited importation and exportation customs procedures;

You'd see business activities rise exponentially. Then again, that's probably wishing for utopia.

[yapoy86]

nasa tao yan... siguro sadyang corrupt ang mga pinoy...hinayaan kasi natin eh..

[Ry_Tower]

If only the PH can implement:

1. One-stop, one-time business registration and licensing which would take only 2 weeks max;

2. Simplified taxation scheme for businesses with online payment facility or bank payment facility with any commercial bank (not with LandBank or PNB, please!);

3. Simplified and expedited importation and exportation customs procedures;

You'd see business activities rise exponentially. Then again, that's probably wishing for utopia.

AFAIK meron na every january sa city hall dito na nag-iimplement nga ganyan para hindi na mahirap kung saan ka pupunta.

[Monseratto]

Only Central American Banana Republics fared worst...

PH slips in world mining survey
BusinessMirror
Posted at 02/26/2012 12:26 PM | Updated as of 02/26/2012 12:26 PM

MANILA, Philippines -- The Philippines further slipped this year as the sixth most unattractive to explorers of industrial and precious metals from being the world’s 14th least attractive place for global mining investments last year, according to an annual survey from a Canadian think tank.

The country ranked just outside the Bottom 5 out of a total 93 world areas considered attractive for mining investors, the worst still being Honduras for the second year in a row, based on the latest data from the Vancouver-based Fraser Institute, which issued the press release.

The 131-page mining survey released on Friday revealed that the Philippines ranked the worst among 93 world jurisdictions based on specific indicators, such as “socioeconomic agreements/community development conditions” and “physical security due to the threat of attack by terrorists, criminals, [and] guerrilla groups.”

Other survey indicators wherein the Philippines ranked low included labor/employment laws/militancy/work disruptions (91st); disputed land claims uncertainty (88th); infrastructure/access to roads and power (86th); regulatory duplication/inconsistencies (84th); political stability (83rd); mining policy/implementation uncertainty (also 83rd); administrative/enforcement regulations uncertainty (82nd).

Moreover, environmental regulations uncertainty (80th); fair/transparent/noncorrupt/timely/efficient legal processes (77th); geological database/quality, scale of maps and access to info (75th); taxation regime (also 75th); trade barriers/tariff and nontariff/profit/currency restrictions (70th); protected areas uncertainty on wilderness, parks or archeology sites (58th); and supply of labor/skills (56th).

Faring worse than the Philippines among global mining investors are Honduras, Guatemala, Bolivia, Venezuela, and India, while slightly better but still rounding up the Bottom 10 this year are Kyrgyzstan, Ecuador, Indonesia and Vietnam.

Aside from Honduras, the Bottom 10 last year included Venezuela, the Democratic Republic of the Congo, Bolivia, Guatemala, India, Madagascar, Wisconsin in the United States, Zimbabwe and Indonesia.

[ghosthunter]

Too many local "greenies" want to stop mining in the Philippines, citing environmental pollution & destruction as reasons.

Before, politicies for mining were relatively friendly for investors but unfortunately policies change like the wind in the Philippines. Bad for maintaining and getting new investors.

[uls]

ABSCBN anti-mining agenda

[chrismarte]

Before, politicies for mining were relatively friendly for investors but unfortunately policies change like the wind in the Philippines. Bad for maintaining and getting new investors.

eto makukuha natin pag personal interest ang nangibabaw sa mga taong nakapwesto... napakadali nilang paikutin ang batas at patakaran....

[jave]

Some thoughts.

- Oligarchy lobbying and meddling in political affairs and law-making to keep status quo and country closed to foreign companies due to fear of competition.
- Filipino penchant for ignoring/replying negatively to anything that criticizes them. Even if it's the truth. Let's not forget how a lot of people would rather "Look on the bright side!" rather than "Let's solve this problem!"
- Rebellious nature of workers here. They don't like something, they go on strike. Stupid communists, still stuck in the Cold War.
- Local, diehard eco-mentalists want to stop mining by big businesses, but conveniently ignoring the fact that a lot of mining problems and disasters came from smalltime, illegal miners.
- Legislators interested more in showboating and re-election than enacting laws that actually make sense.
- President being an oligarch and focusing on policies that are merely for show with short-term benefits but flashy to the masses. (Para may makita na iba ang taong bayan) Let's not forget his love life and aim to get married while in position para (read in the tone of his annoying sister for best effect) "Bongga~ diba~?"

Jose Rizal said it best. "Like government, like people."

[uls]

sobra turn off talaga sa investors ang pagbabago ng rules in the middle of the game

when govt people notice you're making tons of money they think it's unfair so they'll try to extract more from you

kahit you're following the rules that were set before you started your business

kaya you started your business in the first place coz you read the rules and you think you can make money with those rules

tapos babaguhin ng gobyerno ang rules kasi nakita nila malaki kinikita mo

galing no?

[MAXBUWAYA]

corruption mentally starts sa mga mahilig mag lagay ng "MEdia" Office of the Goverment ekek sa windshield

[yebo]

pero sa totoo lang, tagal nang may mining sa zambales pero ganun pa din, wala din.

yung mga minero mahirap pa din. 40 years silang minero, pag retire nila ganun din, gutom pa din.

yung mga bukid sa paligid ng ilog na tinatapunan ng mining tailings, dati maganda ngayon puro cyanide at mercury na. yung dati natatamnan ng palay ngayon puro mine tailings na, mais na lang ang pwede, contaminated pa ng mercury ang ani.

yung black sand mining chinese pa nga ang mga laborers e, di man lang lokal people ang kinuha. puro chinese ang nasa loob ng compound nila. makipagpustahan ako malamang mga chinese people's liberation army pa mga yun.

yung mga small scale chromite mining, chinese nationals din ang mga miners.

isang araw nyan magigising na lang tayo yung buong pilipinas nailipat na sa china. at ganun pa din, mahirap pa din ang pilipinas. ang yumaman lang yung mga bansa na nagaangkat ng mga ores na hinukay dito.

LOW VALUE ADDED KASI. TRABAHONG "QUICK CASH". HUKAYIN, IBENTA, TAPOS NA MAYAMAN NA SI PAPA. DI BA DAPAT E "HUKAYIN, I-PROCESS, GAWING HI-TECH, SAKA IBENTA"?


and as far as the environment is concerned, pwede naman po maging green ang mining industry (or any industry for that matter). kami sa oil drilling industry we have a zero discharge policy. all you need to see are the whale sharks, dolphins and other marine animals around the oil rig to gauge how clean the water is around the oil rig. taas kaya ng penalty if we spill even just 1 liter of oil to the sea. and the helicopter pilots diligently report on any oil spills kaya di pwede i-cover up kung meron incidents, and 1 liter of oil on the sea surface can be seen from miles away from the air as it will cover an area of a few thousand square meters.

[yebo]

so kung worst country ang pilipinas to do business in MINING, ok lang sa akin.

bago tayo mag-mina dapat may policy na at least 50% ng miminahin na minerals ay dito sa pilipinas ipro-process at i-process na finished product. di dapat puro ores lang ang ine-export. kung yan magagawa dun lang talaga makikinabang ang pilipinas sa mining.

pero pag i-export lang 100% ang mga ores, kalimutan na lang natin at hindi naman tayo ang makikinabang dyan kundi mga dayuhan lang.

[ghosthunter]

so kung worst country ang pilipinas to do business in MINING, ok lang sa akin.

bago tayo mag-mina dapat may policy na at least 50% ng miminahin na minerals ay dito sa pilipinas ipro-process at i-process na finished product. di dapat puro ores lang ang ine-export. kung yan magagawa dun lang talaga makikinabang ang pilipinas sa mining.

pero pag i-export lang 100% ang mga ores, kalimutan na lang natin at hindi naman tayo ang makikinabang dyan kundi mga dayuhan lang.

What you said is very patriotic but unrealistic.

You have to consider...

-do we even have the facility to process the ore to a more pure material? (example iron ore to steel)
-can we process them that is economically viable against foreign competitors?