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  1. Join Date
    Feb 2005
    Posts
    3,299
    #1
    Agence France-Presse - 9/10/2008

    The Philippines lags most of Asia for ease of doing business, according to the results of a World Bank study released here Wednesday.

    The study put the Philippines at 140th place out of 181 countries, one of the lowest in Asia, officials of the World Bank and the International Finance Corp. (IFC) said.

    Singapore was ranked number one, making it the easiest place in the world to do business, the "Doing Business 2009" report said.

    Hong Kong was fourth, Thailand was at 13 and Malaysia at 20, the officials told reporters.

    Among Asia-Pacific countries, the Philippines was behind Cambodia at 135 and only ahead of Laos at 165 and East Timor at 170. The average ranking for East Asia is 83.

    Economist Rita Ramahalo, one of those who prepared the survey, said it measured how long it took to start a business, obtain construction permits, employ workers, register property and obtain credit.

    In Singapore it takes four days to start a business while in the Philippines it takes 52 days, the study said.

    Also measured were protection of investors, enforcement of contracts, trade across borders and payment of taxes.

    Issues of macroeconomic policy, infrastructure, businessmen's perceptions and law and order were not considered as part of the annual survey.

    Trade Undersecretary Zenaida Maglaya said that the Philippines had actually fallen from its old ranking of 133 last year as more countries joined the study while others moved up in the rankings.

    "Other economies took the doing of business much more seriously and they have done reforms," she said.

    Bert Hofman, the country director of the World Bank, said that while the Philippines had taken steps to cut red tape and make it easier for business to operate, other countries were doing more.

    "You have to keep running just to stay in the same place. You have stiff competition to live up to," he warned.
    Naunahan na tayo ng Cambodia. Laos is close at our heels. 'Been to Cambodia lotsa times. Mas madali pang mag-setup ng business dun kaysa dito sa atin.

    Oh well.

  2. Join Date
    Nov 2005
    Posts
    39,183
    #2
    i've been saying that for the longest time...

    the Philippines is not business-friendly/ investor-friendly

    red tape, lagay, harassment, pa-iba-iba ng rules...

    while the govt says the country needs foreign investors,

    pag dating naman ng investor dito, pahihirapan sila.

    sa ibang bansa, VIP treatment ang mga investors.

    dito, kulang nalang holdapin.

    sino gaganahan mamuhunan dito?

    -------

    Pero syempre may sagot ang gobyerno sa WB report na yan:

    http://www.abs-cbnnews.com/business/...-whole-country

    "I heard the survey was done only in the city of Manila, so this might not be reflective of the whole country," Recto told radio dzMM, reacting to the World Bank's Doing Business 2009 report.
    but Recto admits ma-hassle nga mag umpisa ng business dito:

    "If you are a businessman, you have to go to the local government, the local treasurer, the BIR (Bureau of Internal Revenue), the SEC (Securities and Exchange Commission). There are too many offices to go to," he said.
    Last edited by uls; September 11th, 2008 at 02:48 PM.

  3. Join Date
    Oct 2002
    Posts
    3,872
    #3
    Quote Originally Posted by uls View Post
    i've been saying that for the longest time...

    the Philippines is not business-friendly/ investor-friendly

    red tape, lagay, harassment, pa-iba-iba ng rules...

    while the govt says the country needs foreign investors,

    pag dating naman ng investor dito, pahihirapan sila.

    sa ibang bansa, VIP treatment ang mga investors.

    dito, kulang nalang holdapin.

    sino gaganahan mamuhunan dito?

    -------

    Pero syempre may sagot ang gobyerno sa WB report na yan:

    http://www.abs-cbnnews.com/business/...-whole-country



    but Recto admits ma-hassle nga mag umpisa ng business dito:
    +1 on this matter. I think the enactment of Local Government Code contributed to this mess. Just take a look at the number of permits you need to get from city hall and you'd really throw your hands up in surrender.

    Congress should amend the LGU's power to tax so that these so-called "licenses" and "permits" from the LGUs will be minimized.

    If you're forming a company, you'd have to get registration from the SEC, BIR, etc. Why not put them all in one venue so that you have a one-stop-shop for registering a company? In the same vein, you'll most likely save on overhead by having all these entities housed in one roof.

  4. Join Date
    Oct 2002
    Posts
    15,525
    #4
    i can attest to this for we just opened and put up our own company... the following are my experiences:

    SEC
    a) Since our company is a partnership, naturally, we have to put our partnership agreement. what we did is to just put on something like a contract, print it and sign it. then sign a SEC application form. nung andun na kami, hindi inaccept yung printed agreement namin. gusto nila gamitin yung form nila, which contains THE SAME CONTENTS as our contract. They want us to pay for the form. The cost of the form? 150 pesos. Aside from this, we have to pay around 500 pesos for the name reservation and around 2000 pesos for the actual registration. The registration took around 1 week and a half to complete.
    b) We also paid around 1500 for the Book of Corporate ekek.

    MAKATI BUSINESS PERMIT

    a) They asked us first to get a Barangay permit. So off to Barangay San Lorenzo we went. Cost: 200 pesos.
    b) When we went back to Makati City Hall, they told us to go to inspection. Three inspectors said there that it will take around a month for the schedule of the inspection, but they said that they can accelerate it quickly. The cost? 2000 pesos each for inspectors signature and 1000 pesos for the inspectors boss. Total damage: 5000 pesos.
    c) After inspection, they asked us to go to Fire. They want us to buy fire extinguishers at 1,400 pesos so they can sign the Fire Assessment Certificate.
    d) After fire, then its insurance. We paid around Php 3000 for the insurance.
    e) Nung papers are complete. Actual business permit na. Paid Php 8,000.00

    BIR

    a) BIR registration costs around 1200 pesos. Since BIR registration daw takes around two weeks daw, humingi ng tig 500 yung inspector. Dalawa sila, so 1000. They signed the papers and gave us our TIN number.
    b) Application for Printing of Invoice and Official Receipts. Costs 1500 for a 5 set booklet. Dapat daw dun sa accredited printers nila pinapagawa or else illegal daw. And guess what? Yung mga accredited printers nila are BIR employees also.

    Hanggang ngayon, iniintay ko pa din yung release ng ORs and Invoices. Dalawang linggo na yun.

    From SEC to BIR lang, inabot na kami ng two months to complete. Expenses is divided to 60% legitimate fees and 40% lagay.

    Wala pa kami sa SSS, Pagibig and UDMF para sa employees.
    Since we would be deploying IT people in Australia, we would need a DOLE registration and a POEA accreditation.

    i am expecting BIR people to hound us during the year end. mamamasko.

    now would you say that the Philippines is business and investor friendly? kung sa mga pilipino entrepreneurs ginagawa nila ito, then how much more sa mga foreign investors na walang kamalay malay sa batas and practice natin dito?

    i have also known a restaurant owner na hina hound ng DTI representatives that the format of the invoice daw is not DTI-approved, pero approved ng BIR. Since BIR ang governing body pagdating sa receipts, di nya alam bakit sumasawsaw ang DTI. ang nangyari, sinara na lang nya yung restaurant nya dahil ang laki ng hinihingi ng mga taga DTI.

    so yes. ITS VERY FRUSTRATING TO DO BUSINESS HERE IN THE PHILIPPINES. How can we attract investors? How can we open employment opportunities?

  5. Join Date
    Dec 2005
    Posts
    39,043
    #5

    Iyan ang mabigat sa atin,- easy money ang gusto ng lahat...

    Bakit hindi ipatayo ang industriya and then tsaka pumasok ng mga (politiko natin) sa mga legal na businesses like,- transportation services, food services, housing facilities, groceries, malls, etc....

    Ayaw kasing maghirap sa pagkita ng pera,- gusto simula pa lang kita na... tuloy ang mga taong dapat na maging customers nila na mas marami,- walang pera dahil hindi mabigyan ng trabaho.... T*ng* talaga ang mga nagpapalakad ng bansa natin....

    6707:choir:

  6. Join Date
    Nov 2005
    Posts
    39,183
    #6
    INVESTORS = WALKING WALLET

    "magtatayo ng business yan... madaming pera yan... perahan natin"

    yan ang mentality ng mga tao sa gobyerno

  7. Join Date
    Aug 2005
    Posts
    4,293
    #7
    sobrang red tapes....pwe! walang gana...walang lasa.

  8. Join Date
    Dec 2005
    Posts
    617
    #8
    40% corruption rate!!! and that's the going rate starting from the local/municipal levels going up...

    plus, kapag sinuswerte ka talaga, gusto pa ng mga ranking official eh "sosyong laway"... that they become business partners by sheer word of mouth...

    ONLI IN DA PILIPINS!!!
    Last edited by slamtaz; September 12th, 2008 at 12:32 PM.

  9. Join Date
    Jun 2005
    Posts
    1,455
    #9
    asa pa kayo. hindi kataka taka kung bakit hindi umaasenso ang pilipinas!

  10. Join Date
    Nov 2005
    Posts
    39,183
    #10
    here's another reason why it's no fun to do business here:

    http://abs-cbnnews.com/nation/region...-biofuel-plant

    Operations in Tamlang Valley Agri Development Corporation (TVADC), a Bio-Green subsidiary, have been put on hold for over three days now, after three of its tractors were burned by some 40 armed men who said they were from the New People’s Army (NPA).

    The TVADC plant, located in Barangay Mantikil in the town of Siaton in Negros Oriental province, aims to provide ethanol, a fuel alternative.
    first u have to deal with the extortionists in govt...

    then u have to deal with the extortionists who aren't in govt.

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Philippines lags Asia in ease of doing business: World Bank