Philippine Economy Talk

[Monseratto]

Weak peso, Panda Bond sale in China pushed PH debt to P6.879-T in Q1 | Inquirer Business

[uls]

^^^

from Digong thread page 1170

[uls]

Phil. Statistics Authority released April inflation data

[dreamur]

Uncertainty still for US investors. China is our only hope. The best country in the whole universe!

PEZA manager for promotion and public relations Elmer San Pascual earlier said a number of foreign companies have shelved new investments and expansion plans due to uncertainties brought about by TRAIN 1, and is being created now by TRAIN 2.

Meanwhile, investment pledges from China to the country’s economic zones saw a dramatic 228 percent increase to P239.63 million in the first quarter from P40 million in the same period last year.

US investments in ecozones continue to shrink on TRAIN fears | Philstar.com

[fleas2016]

Uncertainty still for US investors. China is our only hope. The best country in the whole universe!

PEZA manager for promotion and public relations Elmer San Pascual earlier said a number of foreign companies have shelved new investments and expansion plans due to uncertainties brought about by TRAIN 1, and is being created now by TRAIN 2.

Meanwhile, investment pledges from China to the country’s economic zones saw a dramatic 228 percent increase to P239.63 million in the first quarter from P40 million in the same period last year.

US investments in ecozones continue to shrink on TRAIN fears | Philstar.com

The prices of real estate (well mostly condos) are skyrocketing partly because of them. They are buying units here and there even if it's ridiculously expensive and location isn't that prime. As there's demand, developers are increasing their prices accordingly [emoji29]


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[Wh1stl3r]

Uncertainty still for US investors. China is our only hope. The best country in the whole universe!

PEZA manager for promotion and public relations Elmer San Pascual earlier said a number of foreign companies have shelved new investments and expansion plans due to uncertainties brought about by TRAIN 1, and is being created now by TRAIN 2.

Meanwhile, investment pledges from China to the country’s economic zones saw a dramatic 228 percent increase to P239.63 million in the first quarter from P40 million in the same period last year.


US investments in ecozones continue to shrink on TRAIN fears | Philstar.com

I wonder how many of the pledges actually translate to real investment.

The prices of real estate (well mostly condos) are skyrocketing partly because of them. They are buying units here and there even if it's ridiculously expensive and location isn't the prime. As there's demand, developers are increasing their prices accordingly [emoji29]


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A couple years ago I was wondering where SM would get its buyers for all their condos in the bay area. They have so many units already but apparently those aren't enough. Looks like a lot more are in the pipeline for that 600 Ha "Future" project.

[Lew_Alcindor]

Uncertainty still for US investors. China is our only hope. The best country in the whole universe!

PEZA manager for promotion and public relations Elmer San Pascual earlier said a number of foreign companies have shelved new investments and expansion plans due to uncertainties brought about by TRAIN 1, and is being created now by TRAIN 2.

Meanwhile, investment pledges from China to the country’s economic zones saw a dramatic 228 percent increase to P239.63 million in the first quarter from P40 million in the same period last year.

US investments in ecozones continue to shrink on TRAIN fears | Philstar.com

Ano kayang issue nila sa TRAIN?
We invited an attorney who works with a senator. He clearly explained that TRAIN just simplified the very complicated dinasaur-era tax system of our country.

And the recent credit rating of the Philippines (not bad, not good but could have been bad) is partly due to TRAIN.

[dreamur]

Ano kayang issue nila sa TRAIN?
We invited an attorney who works with a senator. He clearly explained that TRAIN just simplified the very complicated dinasaur-era tax system of our country.

And the recent credit rating of the Philippines (not bad, not good but could have been bad) is partly due to TRAIN.

The change of the PEZA tax incentive from ITH or 5% GIT to 15 CIT is a big threat to foreign investors who are currently locators in different PEZA economic zones.

Which senator does the lawyer work for?

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[shadow]

Tax incentives na nga lang ang pakinabang ng mga investors aalisin pa! Tama yan doon na lang sila mag invest sa neighbors natin


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[jut703]

The change of the PEZA tax incentive from ITH or 5% GIT to 15 CIT is a big threat to foreign investors who are currently locators in different PEZA economic zones.

Which senator does the lawyer work for?

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What's the latest news on this? Have not seen any articles about it in recent weeks.

A conclusive statement confirming that the incentives will not be removed will improve investor confidence.

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[dreamur]

What's the latest news on this? Have not seen any articles about it in recent weeks.

A conclusive statement confirming that the incentives will not be removed will improve investor confidence.

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Problem exactly this is. Admin sends different signals - DOF wants to abolish the the tax incentives while the PEZA DG is still using it as a carrot, causing more confusion. The verdict- hold off any investments until they are singing one tune.

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[uls]

PLDT will provide free access to youtube

Globe will match

gonna be headwind for 3rd telco

[uls]

The prices of real estate (well mostly condos) are skyrocketing partly because of them. They are buying units here and there even if it's ridiculously expensive and location isn't that prime. As there's demand, developers are increasing their prices accordingly [emoji29]


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as predicted

says a chinaman during aquino's term

"why you wanna be enemy with china?"

"china plenty money"

"be friend with china, plenty money go to Filipin"

[dreamur]

Is it all about money at the expense of dignity and sovereignty? Wow!

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[uls]

the developers don't seem to mind

hehe

[dreamur]

Again, it speaks a lot about one's character and moral values.

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[uls]

yeah tell that to the developers

and casino operators

[dreamur]

I already did to a china lapdog here.

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[leonleon]

Is it all about money at the expense of dignity and sovereignty? Wow!

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May naalala tuloy ako.

Yung married couple na kilala namin, biglang andami pera, andami business, swimming in money.

We were all wondering how that happened.

It was like they won the lottery.

Instant, overnight millionaires kasi yung mag-asawa.

This was in the 80's.

But the real story?

Naging "mistress" "f*ck doll" "kabit", you get the point, yung babae ng isang very rich CH businessman.

With the consent of the husband, so it turned out.

Indecent proposal accepted with eyes wide shut.

It happens.

Greed is good di ba?

For the PH, our politicians will make sure of that.

[uls]

Chinese appetite for Manila condos grows with warmer ties, weaker peso -
Nikkei Asian Review

Two major developers saw their 2017 sales surge, thanks to Chinese buyers. Ayala Land, the country's largest real estate company, said 49.4% of its international sales, which accounted for 34% of its total 122 billion pesos in total sales, came from Chinese buyers. The share of American and Singaporean buyers trailed at 15.2% and 5.4%, respectively. In 2016, Chinese made up around 10% of the company's international sales.

At SM Prime Holdings, the nation's most valuable real estate company, Chinese comprised 10% of international sales in 2017, up from "less than 5%" in 2016, according to Chief Financial Officer John Ong.

Developers said the reason is clear.

"You've seen what has happened in the last two years with the warming of relations between the Philippines and China," Ayala Land CEO Bobby Dy told reporters last month. "We see it in office take-ups from offshore gaming companies ... and also in the tourism numbers. We're also seeing a lot of Chinese investors buy property."

The real estate arm of DMCI Holdings, a major condominium builder in Metro Manila, said over 50% of its international sales in the first quarter are from Chinese, with mainland investors snapping up units. "If we don't control them, it could go up to 90%. No kidding," DMCI President Isidro Consuji said early this month.

DMCI has imposed a self-restriction of "one buyer, one unit."

"Our worry is that if we have too many absentee residences, you might have what you see in Shanghai or Beijing -- totally sold buildings but nobody is living there. It's also out of our objective of selling to end users -- preferably local end users," Consunji said.