"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"