"Philippines now a good value proposition – Tetangco"

[ghosthunter]

Philippines now a good value proposition – Tetangco
TINO PAMINTUAN March 6, 2012 7:26pm


Riding on governance reforms, the Philippines is attracting the confidence of foreign and domestic investors, the country’s economic managers told reporters in a briefing Tuesday.

Big investors are coming in this year, officials said, citing a host of reasons why investments will soon be pouring into the country that has always played the sick man of Asia in political and economic terms.

“Today, the Philippines is a good value proposition for investments, both domestic and foreign,'' said Bangko Sentral Gov. Amando Tetangco Jr.

Government's commitment to good governance helped improve trust and build confidence among investors to do business in the Philippines, according to the central bank chief.

Philippine bureaucracy is now more transparent, Tetangco noted.
“We have made the economy structurally fit to enable it to sustain its gains,” he said.

Infrastructure spending to pump prime the economy, robust consumer spending and a stable banking system have kept the economy growing, he added.

SOURCE: Philippines now a good value proposition – Tetangco | GMA News Online | The Go-To Site for Filipinos Everywhere

[ghosthunter]

I think someone is breathing their own farts....

[zap.FREEDOM]

I guess, they just day dreaming.

BUREAUCRACY is now more transparent? Oh, c'mmon, nung isang araw lang e yan ang pinag-uusapan namin ng prof. ko sa business opportunities subject e, where's the transparency in that aber? my prof told me a story when he was applying for a business permit for his multi-million venutre e di talaga maiiwasan ang maglagay para mapabilis.

"Infrastructure spending to pump prime the economy" ah kaya pala putol-putol yung mga kalsadang pinasesemento dito samin, palaging bitin.

[uls]

really?

let's see...

FDI Declines 38.5% In November | The Manila Bulletin Newspaper Online

MANILA, Philippines — Foreign direct investments (FDI) registered by the Bangko Sentral ng Pilipinas (BSP) for the first 11 months of 2011 amounted to net inflows of $782 million, 38.5 percent lower year-on-year.

FDI inflows cover equity capital, reinvested earnings and “other capital” or inter-company loans of foreign corporations or foreign investors with at least 10 percent ownership in a domestic firm or investment venture.

For the 11-month period, equity capital from these FDIs declined 71.9 percent from $477 million in 2011 to $134 million.

Net FDI inflow down 39% - The Philippine Star » News » Business

MANILA, Philippines - Foreign direct investments (FDI) recorded a net inflow of $782 million in the first 11 months of last year, nearly 39 percent lower than the previous year’s $1.272 billion, the Bangko Sentral ng Pilipinas (BSP) reported over the weekend.

For November alone, FDIs posted a net inflow of $53 million or about 83 percent lower than the November 2010 inflow of $304 million.

PHL Likely to Miss FDI Target Anew - JFC

The Philippine government failed to meet the foreign direct investment FDI target set by the Joint Foreign Chambers (JFC) in their Arangkada Philippines roadmap last year.

Worse, the foreign chambers believes the government will also miss the target this year.

The Arangkada Philippines lists recommendations by the JFC in order to help the country move twice as fast in order to attain economic growth.

When the JFC launched the Arangkada Philippines in 2010, they said the Philippines will be able to get $75 billion worth of FDIs by 2020, if only the government follows the recommendations in the Arangkada Philippines study.

Based on this, European Chamber of Commerce of the Philippines (ECCP) president Hubert d' Aboville said the Philippines must get $7.5 billion worth of FDIs annually.

However, he said based on the latest Bangko Sentral ng Pilipinas (BSP) data, the full year FDI of the Philippines will be below $1 billion. Available data showed that FDI is only at $850 million.

from the article posted by GH:

Big investors are coming in this year, officials said, citing a host of reasons why investments will soon be pouring into the country that has always played the sick man of Asia in political and economic terms.

a ok... will soon be... hahahaha

meanwhile let's check out a competitor

Foreign Direct Investment in Indonesia Soars - WSJ.com

Foreign direct investment into Indonesia surged to a record last year in the latest sign of rising global interest in Southeast Asia's largest economy.

The data indicates Indonesia is emerging as a more serious regional competitor as Asian economies compete for foreign investment, especially at a time of weakening economic growth. The investment news came a day after Moody's Investors Service became the second major ratings firm to lift Indonesia's debt rating to investment-grade status, a move that is expected to make it easier for Indonesia to attract foreign capital.

Foreign direct investment in Indonesia grew 20% last year to 175 trillion rupiah ($19.3 billion), the country's Investment Coordinating Board said Thursday. At that rate, Indonesia now appears to be significantly outpacing many other Asian countries that used to easily surpass it in drawing foreign money, such as Thailand. China still attracts much more, with $116 billion in FDI in 2011.

$19.3 billion. the Philippines couldnt even get a billion

good value proposition? oookaaay...

[uls]

I think someone is breathing their own farts....

they think the locals are all idiots

[uls]

Vietnam FDI $1.2B first 2 months of this year

first 2 months palang yan

Vietnam attracts US$1.23 billion from FDI in first 2 months of '12 - The China Post

HANOI -- Vietnam attracted US$1.23 billion from foreign direct investment (FDI) in the first two months of 2012, US$910.9 million of which came from 65 newly licensed projects and US$320 million from 25 expanded projects, a year-on-year decrease of 45 percent and 48 percent respectively, the local Vietnam Economic Times daily on Wednesday.

Quoting figures from the Ministry of Planning and Investment ( MPI), the daily said the processing and manufacturing sector lured US$994.29 million, of which US$683.77 million came from 26 new FDI projects, and US$310.52 million from 21 expanded projects.

Japan took the lead among FDI investors in Vietnam with newly registered and expanded investment of more than US$1 billion.

[Monseratto]

Not bad to dream, but best to keep it to himself. Cuz with no statistic to prove his point, Tetangco is making "GAG*" of himself...WAAAH!

[uls]

to be fair, the local stock market is Asia's best performer. but that's portfolio money. it can leave anytime. what's needed is FDI

the Phils. attracts very little FDI compared to other ASEAN countries

[chua_riwap]

open na rin ang myanmar.

masaklap, in the long run, baka maunahan pa rin tayo ng myanmar.......

[badsekktor]

lols! sabog yata yun writer! last time I checked, marami pa rin nanghihingi ng "under the table"

[_Qwerty_]

from bloomberg..

[uls]

haha sabog talaga

don't believe the crap that "Philippine bureaucracy is now more transparent"

it is still as opaque as ever

[ghosthunter]

haha sabog talaga

don't believe the crap that "Philippine bureaucracy is now more transparent"

it is still as opaque as ever

Transparency taken to the test... the Corona trial...

[uls]

re the video

like i said it's portfolio money

the masses do not benefit from that

the richest segment of the population is indeed getting richer but they don't spend much. the money is stuck in their bank accounts

just look at demand for govt bonds. there's so much demand. that's money looking for place to park. the rich are so damn freaking liquid. they have so much money coming in they don't know what to do with the money. they have to go buy something at PGA Cars just to convert some money to tangible goods

but the middle and lower classes are struggling. they're having a hard time maintaining their standard of living. their income isnt keeping up with rising cost of living. many can't make their car payments. look at the number of bank repossessed cars

[zap.FREEDOM]

mukhang si mr.Tetangco lang ata ang nakaka-feel, hehehe!!!!bakit kaya? hehehe

[safeorigin]

you know there's something wrong when you mix bureaucracy and economics

capital that would have gone towards new businesses is parked because it's so much cheaper and safer

red tape, on the other hand, is getting tighter and bigger

now people will blame it on capitalism saying it's "pro-business" (for bigger establishments)

in reality, bureaucracy is actually "pro-business" in that it breeds monopolies and higher inflation

thing is, free market capitalism is pro-consumer as it encourages competition (therefore lower price of goods and better efficiency)

[uls]

capital that would have gone towards new businesses is parked because it's so much cheaper and safer

safer but not cheaper

parking money in time deposit and govt bonds is expensive coz your money is earning less than if you put it in something that earns more but riskier

it's costing you every minute while you're money is sitting in a safer, low yield investment coz you passed up on opportunities (like a new business) that could've been making you more money right now

but you'd rather pass up on those opportunities coz you have your reasons

like it could be a government that has a habit of changing rules in the middle of the game that can put your investment in danger

so you'd rather hold on to your capital nalang than put it to work

which is bad for the economy coz jobs would have been created if capital was put to work

no jobs are created when capital sits in low yield parking

which is why...

Unemployment rate rising: SWS | ABS-CBN News

MANILA, Philippines - Unemployment among adults increased to 24% in December, the Social Weather Stations (SWS) said, citing the 9.7 million Filipinos who had no work during the month.

The rate was higher than the 20.2% recorded three months earlier, according to results of the survey conducted by SWS on Dec. 3-7 and reported by BusinessWorld.

Of the 9.7 million with no jobs, 10% were retrenched, 9% resigned and 5% were first-time jobseekers.

which is why...

http://www.omantribune.com/index.php...3&heading=Asia

MANILA The influential Catholic Bishops Conference of the Philippines (CBCP) said more and more Filipinos have been forced to go abroad in search of work due to lack of employment opportunities in the country.

(wow how long did it take for the CBCP figure that out? hehe)

[uls]

and when OFWs are exposed to danger the govt has to spend tons of money to bring them back

which is why...

http://www.mb.com.ph/articles/353386...-posts-closing

MANILA (dpa) – The Philippines will close 10 embassies and consulates around the world to save money to be channeled to missions in the Middle East where more Filipinos need help, the government said Monday.

[yebo]

well i don't know anything about all those things that you guys said but there is one thing i know, and that is my mutual funds just doubled in value in the last 16 months.

set the politics aside and as they say make hay while the sun shines. join the fun or lose out. simple lang naman yan.

[safeorigin]

Basically, when you have a government controlling the economy through red tape, it cripples the economy

Investors fear that the capital they pour into new businesses will just be a victim of government interference in the market

Because new businesses aren't created, there are also less jobs

One good example is the Pharmaceutical Industry which is overregulated

For every drug store open, there is a law stating at least 1 pharmacist must be "present" at all times

The intention is good and all but in reality roughly 70% of pharmacists *are* absent most of the time

What happens is their licenses are rented instead of them being present

Why is that? Because there is very little incentive to actually work if you can just rent your license *and* even dictate your terms

So why not just fire them? Remember that without their license you can't operate your own drug store

What's even worse is that bigger chain drug stores will offer higher salaries to your pharmacists just to eliminate smaller competition

Because new drug establishments aren't created, suddenly the bureaucrats noticed that there aren't enough pharmacists in the country. What do they do? Now, they're planning to push the minimum salary to 21k to "attract" them. Are they even thinking?!

And as if that isn't enough, they've mandated that drug stores send computerized reports of all transactions to their site that is nearly always offline. Failure to comply means axing your business.

And if you're an aspiring business owner, you'd think twice before you even start. It's a *lot* safer to park your money