Cuunjieng: Foreign investors come for profit, not ownership | ANC
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- เผยแพร่เมื่อ 20 ม.ค. 2024
- Market Edge: Michelle Ong talks to global investment banker Stephen Cuunjieng for his thoughts on the latest push for charter change.
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Many thanks for inviting me
why not push for a career in Politics sir Cuunjieng. You obviously have the brain and skill. How about helping this logic-forsaken country?
Your wrong for that assertion. As a AM married to a filipina,I would like to own a bussiness here . I consider the Philippines my home. As it is I can just put a bussiness in my wifes name . Ether way she will have an income after I die . Im 65 now. Note the whole point to owning a company is making a porfit for your family. Id like your thoughts on my comment
I totally agree that foreign investors don't want to own land. They want ease of doing business and to make profit. HK and Vietnam do not allow land ownership by foreigners. Have you seen in the news let's say big BPO companies (the biggest employer in the Phils and no. 2 contributor to GDP) asking that they be allowed to own? Nada. Only our greedy politician land owners want this so they can make huge profits when they sell to foreigners. Remember the political family who sold an island for billions which was turned in to a Chinese pogo hub? If allowed, Filipinos eventually cannot afford land similar to Filipinos not able to afford the purchase or lease of houses and lots and condo units during the ascent of Pogos.
Thank you Stevie!! Yes, as of now, most of goverment department doesn't cautiously overview all things might happen in the future. They will always get what they wanted.
Thanks
Exactly, foreign investors only want profits! Economic reforms are needed. You can’t avoid dynasties and term limits, the same here in the United States.
bakit po yung bang mga local business natin dito ano ang habol nila? ang liit nga nila mag pasahod ang dami pa requirements sa hiring
With ownership , the foreign investors can better secure their profits. In fact, by ownership they can borrow more from local and international banks for business expansion which will in turn generate employment and increase tax collection.
As Stevie said, a lot if countries do not have foreign ownership like China, Vietnam or Middle East. Even EU and US have restrictions with critical infrastructure
@@Mr.DMac123 Let them be. We should operate based on our peculiar circumstances. We need capital, science and technology, therefore, need more openness. We can't beat Vietnam, China, etc if we set our economic liberalization parameters just like theirs. We should exceed them and plan strategically.
@@melvinstarita638
Stevie already said foreign ownership its not that important. Businesses care about profit not ownership.
Businesses Care about consistency and fairness and not how much they own the business.
Agree Melvin, there are tangible benefits to allowing people land. They will base in Philippines and make it their home, spending all their income on other services surrounding their house and throughout Philippines.
@@Mr.DMac123 Of course that's true with critical infrastructure, but lower level infrastructure I say let foreigners in with 100%. Filipinos are allowed to buy houses in Australia, Europe etc without being citizens, extend the same courtesy to the world and they will invest in and love the Philippines.
You mean the president is the director, such crafting policies, while the premier is the executive director, executing the policies laid by the president. Admin and mgt is then separated. While parliament checks the president, while premier is head of parliament but is also limited to the powers of the president. Is that it? If so, then i agree, or mostly agree
It's always a pleasure learning and gaining more economic insight from Steve Cu-unjieng. Please continue to invite him to your shows!
we need this kind of thinker in our country.
I agree on that sir
Thanks mimi and steve!
many thanks
The problem here is corruption, inefficient government,red tape,protecting your families vested interest, fix all that & the Philippines will be a great country,also since independence we had our presidential style government,for me it doesn't work, let's try something else,also every politician should have only one term per position no re-election
True, not for ownership but for profit. They only lease a property.
Great interview
so if they own more of the company they won't earn more?
Give people land ownership, it will give them a stake in the country and some sense of skin in the game for the outcome of the Philippines.
My point, too.
Pinoys have land ownership already. If you're talking about foreign ownership, Stevie already said it' not going to help us so much.
@@Mr.DMac123 It absolutely will. Think about buying land in Australia, Canada, Europe etc. If you buy a house there you care more about the country, it's a universal fact. Where your house is you care for it to succeed.
@@chrisk7118 but why would they buy a house when theres no need to live here to invest in the first place?
@@nathanj1474 sometimes they live where they invest. This is just small-time though. Im talking about big items like industrial agriculture, leisure land development, low-cost and middle-class housing.
Nuclear Energy to lower the electricity bills
Also stabilize the electric supply
And sometimes ownership is the only way to protect profitability. Corruption, or lack of it, is really a big issue when understanding investments.
this guy makes sense. I hope a lot more engineers and scientists with practical professional practice and employment go into political office to inject more critical thinking. the Philippines needs to develop a profitable nuclear power industry and vertically integrated steel and precision machinery industry. the Philippines needs to encourage its people to innovate and encourage curiosity like flying drones, making rockets, producing jet engines, casting and manufacturing megaton presses. AI will very soon kill white collar jobs worldwide.
0:34 Please advise the government agency concerned! They just seem to be disconnected and not well thought out decisions!
Kahit magkaroon ng land ownership ang mga foreign investors kung hindi naman maging profitable ang negosyo nila... korapyon ang problema ng bansa...
The question if the Philippines is profitable or not is very trivial. Look at all the local oligarchs dominating every business sector they monopolize. Aren't they getting richer each year?! Tell me if the Sys', Ayalas', MVP and Villar are going bankrupt? Aren't they the consistent wealthiest "Filipinos" in Forbes annually in Ph and in Asia and even globally? The problem really is the Philippine Charter basically blocks their entry into the local market with a meager 40% ownership, and the 60% to a local partner (is won usually by the local oligarchs as well). How would they maximize their earnings, yes profit, if you only have 40% of maximum allowable equity share in almost all the industries here? Not to mention a minority stakeholder means less influence to the very company they should own. The main issue here is not profitability but the openness of the market for foreign players. Unless we remove all these restrictions, then we will see if the Philippines is really attractive or not as a potential investment hub.
Lols, yung restriction nila sa Legislation hindi sa Constitution
ok i get it that this guy is smart and all but my god, have some respect. let her finish her question. jesus where's your manners
you are obviously a woke.
there is no jesus
You dont want foreigners owning land. He sewms to think its not an issue. But when foreigners with money come over and buy off every land there is because its cheaper for them then locals will find that land prices will suddenly become unaffordable way out of reach. Even australia is having issue with properties being so expensive because rich chinese people just come and buy properties sometimes leaving it empty after purchase. It cant be as simple as that. You need rules for different use of the land.
As long as the foreigner makes profit they will invest no matter what
Lols, para malaki profit diba dapat 100% owned mo company? Sa lagay ngayon na 60/40, wherein 40 lang sa foreign investor dapat talaga alisin na yang 60/40 restriction
It is a well-known reality that emotional decision-making, rather than rational and critical thought, frequently characterizes both government acts and public reactions. This tendency might stifle the country's capacity for growth and transformation by impeding the adoption of required changes and innovations.
I BEG TO DIFFER! MOST ESPECIALLY IF ITS CHINESE......THEY ARE GOOD AT PURCHASING PROPERTIES AND THEN LEAVE IT TO ROT AND JUST MAKE A HOLD OF SUCH. THEY EVEN USE IT AS A LEVERAGE FOR THEM TO ILLEGALLY GET STATUS AND CITIZENSHIP
you don't seem to understand and you probably got your info from youtube influencers
What most people, especially the policy makers are overlooking other things that discourages foreign investors from the Philippines such as the high costs of utilities, crippling bureaucracy, lack of infrastructure and the lack of diversity with regards to our workforce. These issues can be solved without bearing the risk of political instability.
I miss Lola cuunjieng
e natural..ano naman ang bago sa sinabi ni steve..mag isip ka kung paano ka makakatulong sa pilipinas ..sayang lang ang interview sa iyo..