Stephen Cuunjieng Interview, Why Are Investors Not Coming To PH?

[Lee1154]

39 minutes ago, Old55 said:

In order as I remember. 

1) Energy cost. Electricity is unreliable and lack of future expansion.

2) Workforce. Education & skills. Critical thinking. English comprehension. 

3) Government bureaucracy. Labyrinth of requirements, corruption. Slow execution, corruption. Constantly changing inconsistent laws & regulations, corruption.

4) Very poor infrastructure.

Adding detail.

1. Energy cost, electric cost is 40 to 50% of manufacturing cost while Philippine electrical rates are 20 to 30% higher.

2.  Workforce, low quality work force due to low quality education.

 

 

[scott h]

51 minutes ago, OnMyWay said:

Malaysia has left the Philippines in the dust since them.

Almost all of the SE Asian countries have. Singapore, Malaysia, Vietnam, Thailand (in tourism) even Indonesia to an extent. Throw in South Korea and Taiwan and the Phil. is the sick, wimpy kid on the block.

It is sad for a Yank to say so, but there is something to be said for authoritarian rule or benevolent dictatorship. Leadership sees and KNOWS what need to be done and force it through, public opinion be damned.

[Lee]

24 minutes ago, scott h said:

but there is something to be said for authoritarian rule or benevolent dictatorship. Leadership sees and KNOWS what need to be done and force it through, public opinion be damned.

Hitler, Mao, Pol Pot all would have agreed with you. It just depends on which end of the whip that you end up on.  LOL

[OnMyWay]

5 hours ago, Lee said:

I'm not spending an hour of bandwidth to watch this. BW can be tough to come by where I live.

Ironically, this is part of the problem.  In Malaysia I bought a SIM with 30 gb if data and 30 days of unli calls for less that $8, 450p.  It worked great.

[OnMyWay]

4 hours ago, Gator said:

IMHO they want to control ownership for self enrichment and not for the betterment of the general population.

Exactly.  Families control the Philippines, top to bottom.  Easing up on foreign ownership is a double edged sword, but if done right it would benefit the Filipino people.  The oligarchs and families don't want that type of thing unless they can control it and skim something from it.

It seems to be a never ending spiral.  At the bottom, families buy the votes from the common folk, and the common folk have that corruption engrained in their culture.  It then grows through every level of gov and business, all the way to the top.  The skilled and smart leave, becoming OFWs or residents of more fair countries.

It Malaysia, we ran into a couple of Filipinos working there, so there must be demand.  A Filipina from Panganisinan served us at a Korean BBQ in Genting Highlands.  She had only been there for a few months and said it was very easy to move and find a job.  At Petronas towers, a Filipino guy from Davao noticed us and took our pictures in front of the towers.  There are probably 100 photographers out there.  The pictures are very nice.  About 60 pesos for 1 digital or 120 pesos for 3.

[hk blues]

5 hours ago, MotorSarge said:

PI has much evolved from outside sources, Spain, Mexico, Japan, China and mostly US.

So it's all your fault, at least mostly! 

[Kingpin]

12 hours ago, Gator said:

they want to control ownership for self enrichment and not for the betterment of the general population. 

Like every nation since nations existed, still better than a globalist elite actively targeting host populations.

11 hours ago, Old55 said:

Electricity is unreliable

 

He got that part right but

11 hours ago, Old55 said:

Workforce. Education & skills. Critical thinking. English comprehension.

Philippines dominates in sectors like outsourcing tech support, intl cruise lines and nursing, etc. 

The services workers aren't the problem. This is an oligarchy where elites control everything, and they don't need or want to give up that control.

Edited August 16, 2023 by Kingpin

[scott h]

10 hours ago, Kingpin said:

Philippines dominates in sectors like outsourcing tech support, intl cruise lines and nursing, etc.

There was an editorial yesterday in fact about this. Forward thinker predicting a future downturn. According to his statistic the two largest GDP sources are BPO's and OFW remittances. But with AI taking a larger and larger bite out of the BPO world, and host countries starting to allow guest workers to bring their families with them, hence no more remittances the nations GDP could take a big hit in the next decade or so.

[Kingpin]

On 8/17/2023 at 5:20 AM, scott h said:

 host countries starting to allow guest workers to bring their families with them, hence no more remittances the nations GDP could take a big hit in the next decade or so.

Maybe the Philippines will learn to offer their own non-citizens what those host countries do.

Probably not though...
 

Quote

 

Investor confidence wanes: Philippines’ FDI falls by 20.4% in first half

The Philippines experienced a significant decline in net foreign direct investments (FDI) during the first six months of the year, with data from the Bangko Sentral ng Pilipinas (BSP) indicating a drop of 20.4 percent to $3.911 billion.

This decline has been attributed to ongoing concerns among investors regarding weak growth prospects amidst persistent global uncertainties.

During the first half, FDI net inflows, which fell by 20.4 percent year-on-year, predominantly came from investors in Japan, Germany, the United States, and Singapore. Over this period, 54 percent of FDIs were allocated to the manufacturing sector, 15 percent to real estate, and 10 percent to the financial and insurance sector.

- https://bilyonaryo.com/2023/09/11/investor-confidence-wanes-philippines-fdi-falls-by-20-4-in-first-half/business/