Carpio cites PH laws on foreign ownership of businesses
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- เผยแพร่เมื่อ 11 ก.พ. 2024
- Several measures have already been passed to allow foreign ownership of business in the the Philippines, which has one of the most liberal foreign investment laws in Asia, according to retired Supreme Court Associate Justice Antonio Carpio. | 🎥 : Noy Morcoso III/INQUIRER.net
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Kahit retirado na at dapat sana ay ini-enjoy na lang ang kanyang retirement, pero heto pa rin sya at nagmamalasakit para sa ikabubuti ng ating bansa. God bless po Hon. Antonio Carpio! Mabuhay po kayo!
nagmalasakit?? walang na siyang ginawa sa last administration indi natin kailangan vuvung opinion niya
😅😅😅😅
@@PestiLencE638❤
Hahah.. ang sabihin mo yung mga Idol mong Pulitiko.. Hindi alam mga sinasabi ni Justice Carpio.. kung sa bagay kayong mga BOBOTANTE... kayo naman talaga ang numero unong WALANG ALAM!@@PestiLencE638
@@PestiLencE638 justice carpio is an tout nationalist that only has the country's best interest in mind. In May 2017, Carpio published an eBook titled "The South China Sea Dispute: Philippine Sovereign Rights and Jurisdiction in the West Philippine Sea". He gives constant lectures educating our countrymen and people abroad on the dispute, thereby bringing it the attention it deserves. Ikaw, ano nang nagawa mo?
The Philippines is one of
the poorest countries
of the world,
...but has the wealthiest politicians.
korek wlang naghihirap n politiko
Yes, katulad ni idol😅😅😅
kaya nga nagpopolitiko sila hanggang sa kanilang mga apo para yumaman...
Mayaman cla Dito mondo,Peru pag dating sa langit mahirap n Yan Sila Doon.god knows everything.
😂😂😂 tumpak!!! dto sa amin gravity ginagawa sa mga lupa
Thank you Lord that there are still Filipinos like former SC Justice....God bless you, Justice Carpio
Im a businessman managing a hardware. acquiring government permits and renewing them is really frustrating and discouraging people from doing business in the country due to red tape. i hope the Anti-Red Tape Authority (ARTA) would look into the matter regarding the issuances of permits by PENRO (CEBU PROVINCE) to sell aggregates. For the whole month of January and until now, suppliers could not sell to buyers aggregates for construction due to red tape! People here could not find any construction supplier that is willing to provide aggregates because their permits are pending and so building or housing constructions are suspended, delayed or cancelled. so much money, time, and effort is wasted due to government business malpractices. the constitution is not the problem. it is the people in government that is the problem.
true puro ghaman mga tao sa gov.offices khit kukuha ng bldg.permit phihirapan k pbalikbalik pag hndi k naglagay ng pera..
Sa red tape na Yan, nagsisimula kasi sa mga tips tips Kaya nasanay na Tayo na may tip pagkatapos gumawa. May kaibigan akong negosyante, sa totoo Lang sa mga kwento nya mismo sya den ang nanunuhol Para ma pasok proyekto nya. Kahit ordinary na mga mamaMayan kahit private may nakaka lusot sa ganyan suholan at kutongan😢
Sa red tape na Yan, nagsisimula kasi sa mga tips tips Kaya nasanay na Tayo na may tip pagkatapos gumawa. May kaibigan akong negosyante, sa totoo Lang sa mga kwento nya mismo sya den ang nanunuhol Para ma pasok proyekto nya. Kahit ordinary na mga mamaMayan kahit private may nakaka lusot sa ganyan suholan at kutongan😢
You're very right, the kind people handling the govt. agencies are the very reason.
Kaya sabi ng kaibigan naming Japon na Filipinos doing in a construction is not content with 1chocolate….madaming chcoclate ang hihingiin….embarrasing on our part bat ganoon almost cguro gumagawa … Maybe it’s bcoz one of Filipinos traits are too proud even if they have nothing pretend to have and cannot live by simple and humble means of life kaya they do bad earning instant noodles just to substantiate their inner desire.
Justice Carpio...sana tumakbo kayo pagka Pangulo. Kailangan po natin ng Leader na matino ang isip, hindi corrupt, mahal ang Piliponas, may kakayahan.
Ayan ka na naman. Maganda at malinaw lng sinabi papatakbuhin mo na kagad.
As someone who worked for companies doing business internationally, there are many factors to be checked before setting up shop in a foreign country, such as but not limited to:
Quality and education of the local work force
(Work ethics, job skills, experience and proficiency, etc.)
Labor costs
Bureaucratic red tape
Supply chains and security
Energy costs
Logistics challenges and infrastructure
Political stability and public safety
Tax incentives
property and legal security, court system
Level of corruption (in the US some bribes can be written off as business expenses, a clue as to how often companies are confronted with this issue in certain parts of the world)
Distance to markets, another logistics issue and cost factor
And many more.
Wishing the Philippines luck and God's blessings on its way to prosperity.
Exactly right!
Tama po kayo Justice Carpio
1. Sobrang bureaucracy and corruptions.
2. High cost of power
3. Lack of Infrastructures and high cost of logistics
Yan ang mga factors na umaayaw ang mga investors sa pilipinas since time immemorial na hindi inaayos ng mga politicos dahil yan ang source of income nla through corruptions.
Marami dyan congressmen at senators na hindi yan alam, basta lang sila may masabi, pero hindi ganito kalinaw.
Hindi malinaw si carpio. Maraming holes ang arguments nya. He's very intelligent but he's wrong this time.
@@melvinstarita638 mention one
@@melvinstarita638 explain.
@@melvinstarita638Gusto ko po malaman kung ano yung "holes" na sinasabi nyo? Kasi sa pagkakaalam ko ang purpose ng mga mambabatas natin kaya gusto amyendahan ang constitution ay para daw payagan ang 100% foreign ownership ng businesses dito satin kahit na sa totoo lang matagal na pwede karamihan o di kaya pwede ka mag pasa ng batas gaya ng Public Services Act o pwede rin baguhin yung Foreign Investment Negative list kung kasama yung sector or industry ng business na gusto mo pasukin. Baka lang po may hindi pa ako nalalaman
@@happygolucky143 Please read my youtube comments in this clip.I laid down my reasons why I thought carpio was wrong.
In some other youtube videos,I also posted my points clearly and unequivocally. Please surf around.
Certain business permits have to go through the Barangay, Municipal govt, Provincial govt and on the the National govts (several Depts. there) because the culture is "everybody must be happy". That is the problem since God was in kindergarten. 😢
Everybody must have the kickback.
This is true, it needs to be reformed. But you don't need constitutional reform for that
People wants to feel important rather than to serve.
At pag mejo malaki negosyo mo, laging ay hinihinging under the table
@@genrerationx kaya ayaw nila e simplify yung process dahil it makes their govt staff happy and them happy. So generally everyone tolerates it.
They want to have more control. It's scary
True permits in Philippines is quite a hassle, it should only be in one or two office.
we will listen and learn the wisdom of our resource persons, they are once a framer of our present constitution. CJ Davide , Dr. Villegas and Comm. Rene Sarmiento.
Exactly,but the congressman want to change the constitution without consulting the expert.most of the resource person disagree in changing the constitution.So it's the no economic aspect they want to change it's Political aspect.
The explanation of Ex. Justice Carpio is sampalong sa administration and congress
Tulad po ni SJ CARPIO ang dapat na leader at mambabatas ng pinas. May kaalaman, tapat at may malasakit sa kapwa pinoy. Wag na sanang clang sumali at wag iboto yung kulang ang kaalaman, puro kadramahan, mga ganid, sakim at walang pakialam sa kapakanan ng mga pinoy
Sino gusto mag invest eh ang mahal ng kuryente, tubig, laki ng tax, napaka traffic, poor infrastructure, corrupt politicians, ridiculous qualifications if you apply for a job. etc...etc...etc...etc...
Thank You, Justice Carpio for your valuable explanation.
Wow, with former senior justice Carpio's revelations, what else is there in this country to open up to foreign investments? Ours could just be the most economically liberal country in the world. Yet why have we lagged behind the rest, let alone Indonesia, Vietnam, Malaysia and Thailand which all have more severe limits to foreign investment entry than us?
It is not because of our Constitution. Higj cost of power, bireaucratic red tape, support infrastrictires that leave much to be desired, said Carpio, are what really put off foreign capitalists to come in. And we must add to these: political instability and wanton disregard for the rule of lae. What foreign capital, indeed, would come in with du30's call for Mindanao secession or his call for civil dosobediemce or his fanning a kudeta bythearmed forces. By the same token, what foreign capital or foreign economic accommodations would materialize when the sitting president refuses to cooperate with the ICC with respect to its investigation into crimes vs humanity committed by du30 and his minions, particularly under his brutal Oplan Tokhang which claimed thousands upon thousands of human lives?
To be blunt about it, the House leaders want the CHACHA not at all in the interest of national dev't but for something else we already know: change the govt form to unicameral parliamentary to make it easier for the ambitious to win the top post and may be to extend term limits without the need for popular election. Selfish! Revolting!
Coming from the mouth of the former Chief Justice Carpio
dinna kailangan iamend ang constitution for foreigners to invest in th country. Period!
Corruption is theain cause.
Thanks on ur nformation to be directly address to all lawmakers for a wise decision especially on charter change.
power generation
water supply
SSS
Philhealth and such
should remain government owned state run or by Filipino local citizens
Right prime example Dubai all these sectors run by government do you're research kid and learn how countries economy evolve
I am glad that there is still a legal expert like Hon. Carpio who guides this country when it comes to legal matters especially since some of our elected officials were not legally savvy.
i vote Justice Carpio once he run for Senator
He nailed it.
Peace and order no. One sa hinahanap ng investors.
This is the truth
Strongly agree ❤❤❤
See how honorable ret. Justice Carpio clearly explained for rejecting Cha Cha or PI
So it's not the constitution is the problem it's the implementation of the system and corruption.
You're absolutely correct Sir. The government must take actions first especially the high cost of power, even local businesses and the smallest households suffers paying thousands of monthly electric bills.
ERC, DOE, NAPOCOR, and Meralco are business partners😅😅😅
I agree with you 100%
Dapat kase ang mga naglalaban-laban sa pagkapresidente eh mga retired Chief justice. Mamimili nalang kame g mga botante. Marami panaman silang buhay, hindi naman sila katandaan. Pag nangyari yan, OMG napaka swerte nateng mga Pilipino..
Antonio Carpio for President!!!
Pag pibaya gf an na maging May ari ng Lypa ang mga Foreigners abg Kk abas bg mga Pilipino magiging Dayuhan tayo
Hahahahahah 🤣 Dubai allow 100% land ownership kid
Abolish na kasi dapat ang barangay sa mga first at second class municipality at mga HUC.
Hopefully, this will pass.
Attention mga senador baka naman pwede nyong pag - aralan at susugan ang mga batas na sinabi ni Justice Antonio Carpio. Hindi puro hearing in "aid of public exposure for re-election".
💯 correct
Ang gling ni. sir carpio
Hearing these matters from a retired SC justice would only make the bureaucrats and national leaders cringe in their seats.😊
ibig sabihin lang nyan, tima na i upgrade ang mga politician sa bansa. kung gustong may pag babago.
Payagan na 100% foreign ownership sa business pero dapat the Phil goverment has the power to take it back. Ganun na lang.
NO TO CHA CHA
Marcos Jr’s Cha-cha will only equate to the wanton plunder of our remaining land and natural resources. Instead of devoting our land and resources to the genuine development of domestic agriculture, economy, and industries, ChaCha will allow more foreign-owned extractive industries, logging, ecotourism, real estate projects, expansion of agro-corporation plantations, and other business operations intended for profit-making.
Furthermore, 100 percent foreign ownership of land may also further drive the displacement and ejection of farmers and indigenous people.
Land agents will rush into land grabbing, coercive land purchases, land banking, and land selling. This implies a broader displacement of farmers and indigenous people, imposition of higher land rents, further losses for farmers, cessation of farming activities, land conversion, and the dissolution of agricultural livelihoods.
Ramos added that the proposed Charter Change will end jeopardizing food security and livelihood for Filipinos, leading to widespread hunger, loss of livelihoods, and increased poverty...so NO to charter change.
The president was against the land ownership , what are you talking about?
Foreign land ownership ban is difficult to be strictly enforced because foreign expats just marry submissive Filipino spouses and have the certificate of land title named after the latter on former's behalf and that arrangement makes financing through mortgaging a bit difficult because commercial banks always demand proof of financial capacity of Filipino spouses to redeem mortgaged lands, otherwise they would be foreclosed. This is the key advantage of freehold vs leasehold land ownership.
Leasehold lands cannot be sold by a foreign renter, nor can be inherited by their closest blood relative.
Power is just one aspect of our economy. Mr. Carpio forgot the most important thing, "OIL". In order for us to move forward, we need a stable supply of oil. I don't think that a simple act will suffice in order for us to address our current problems with regards to oil exploration. Ownership, profit sharing, security requirements, environmental compliance and liabilities. Those are just few kinks in our constitution. I'm sure there's more. Our laws should be clearly defined and specific. Too many laws to amend and it's not just the Economic provisions but also laws that affects our military and our society in general.
may oil tayo di nga lang nag eexplore ng husto pilipinas,lalo na sa visayas may alam ako kung saan maraming langis
@@eadex360 Meron nga. 70's pa lang na-survey na mga lupa at karagatan natin. Ang problema pag extract ng langis. Nasa protected area pa yung ibang location. Problema pa diyan yung mga concessioners na gusto pumasok. Sa ibang bansa tulad ng Thailand halimbawa, pwede ang 100% foreign owned company ang mag extract ng oil. Mas maganda rin ang hatian nila ng kita. Bukod sa langis, may royalties din silang ibabayad sa Thailand. Correct me if i'm wrong. Sa atin yata royalties lang. Walang commitment na sa atin ibibigay yung ibang langis. Ang daming butas ng batas natin. Kaya nakakalusot minsan yung mga investor sa mga liabilities nila sa tuwing magkakaroon ng sakuna. Masyadong vague at general. Halimbawa na lang sa Mining. Laging nabibigyan ng TRO mga mining companies na iresponsable. Ang liit pa ng parusa. Naaalala ko tuloy yung Marcopper. Kahit hindi ako abogado kapag nabasa mo yung ilang provisions sa Constitution natin, mapapatanong ka na lang sa sarili mo kung "Bakit ganyan?".
This guy knows what he's talking about. He's in harmony with what Mr. Stevie Cuunjieng and Ex-NEDA chief Pernia are saying. Our politicians and nation's leaders should listen to them.
Agree ako dito kay Carpio
Ang tanong may mga foreign investors na nag avail?
We need a leader who has good critical thinking like Widodo of Indonesia - not leaders who are only thinking of noisy, but empty, slogans like 'Bagong Pilipinas'.
flippinas maraming mambubutas sa kongreso😂😂
Mambubutas talaga 😅 Kawawa ang kaban ng bayan
w❤w
IN SHORT: Ayaw talaga ng mga foreigners mag invest dito kahit binuksan na natin ang bansa para sa kanila! RED TAPE, INFRASTRUCTURE, at OPERATION COST ang dahilan.
No to 💯 percent ownership for the foreign investors..
Philippines is just a small country and the poor will be neglected if that will be implemented..
The opposite is true. People will have plenty of jobs.
Look at Vietnam and Thailand….madaming pinoy nagtratrabaho doon dito sa pinas May nakikita kabang mga thailanders or Vietnamese nagtratrabaho sa market or sa mga shops wala dahil yong trabaho dito sa pinas hindi pa sapat sa kapwa pinoy kaya nagtratrabaho abroad ang pinoy…In Vietnam there are lots of infrastructure as an emerging develop country…tayu pinas will left behind as a progress nation, if we don’t open our mind.
Dapat pigilan ito, kasi bibilhin lang ng China mga pertinent lands and build ports na maging military station nila.
Do not amend the constitution. Instead amend the laws to make it easy to open businesses. Cut opportunities for corruption. Improve the infrastructure. Make effort to lower power cost.
Is the real reason for cha cha economic or it's just a trojan horse?
Yes this time i agree ke carpio hindi sa cha cha ang ating lunas may mga batas na pala na in tact concerning sa economic provisions na gina reklamo ni pbbm at mga congressmen examle tama ang high cost of power sa electricity isa yan sa negosyo na kailangan ibaba ang rate at ang mga business permits maraming processess to get so tinitingnan din ng mga investors compare sa other asian countries of where they can also profit. Sus maryosep wasting time at huge gastos ang hearing2 ng congress e mag work nalang to implement sa ginawa nilang mga batas na.
to many permits! too many hands! and few wanting to have a slice of the pie thats suppose to be for the benefit of the masses, thats the problem of the law that the system resides on
long overdue
Carpio is wrong. Just because we have one of the most liberal foreign investment laws in Asia currently doesn't even mean the Constitution shouldn't be changed. We have to out-compete the rest of ASEAN, who mind you do not even suffer similar antiquated constitutional impediments (save Indoensia's commodity protectionism)!
And because the letter of the constitution still provides that "No franchise, certificate, or any other form of authorization for the operation of a public utility shall be granted except to citizens of the Philippines or to corporations or associations organized under the laws of the Philippines at least sixty per centum of whose capital is owned by such citizens". (sec. 11)
Obviously, the letter of the Basic Law is superficially inconsistent with the reforms, as been pointed out in another comment here. Since the Constitution is the superior law compared to the Public Service Act, RTLA, Foreign Investment Act, CREATE Act etc., then later down the line, these liberal reforms allowing foreign ownership can be easily relinquished and ended on the basis of the letter of the Constitution. That's why the Constitution ought to be revised now to guarantee the reforms are permanent.
Besides, if the national laws already allow foreign ownership, then let Constitution be revised to state the same thing more clearly! Carpio's reasoning against cha-cha defeats itself.
A risk foreign investors will not take. Losing their company is a possibility if the law is challenged in the Supreme Court. We need to put a period in all of this and settle the issue unequivocally.
Besides, as stated above, we must outcompete the rest of ASEAN and the lack of creativity and innovation in our investment laws is not the way to go. We should become smarter, stronger and more determined.
I think it is a feminime perspective always sees political , while real male perspective only wants not to lag in everything
See, 100% foreign ownership na for many business sectors...ano ung sinasabing restrictions daw? Obviously, some of the lawmakers doesnt even know the existing laws...kaloka. para silang nag refresher course dito sa senate hearimg...😅😅😅
Republic of the Philippines for sale 100percent foreign ownership😂😂😂
Nice explanation. Nice hair too. Di halatang peluka
Nako sabi ng mga loyalista ni mayor mas maganda pakinggan si Robin Padilla.
Who wants to own properties here? Let me guess? China? 🤣🤣🤣
This is like a thesis on the issues of setting up business in the Philippines.
Well said...
Ilan ang dalere ng isang kamay pumanaw na yung nagpakita ng isang kamay
maganda plano nya pero di na sya napapanahon.
Yun naman pala e, bkit andaming gigil na gigil sa peoples initiative🤣🤣🤣
LET FOREINER OWN LAND OWNERSHIP. LET INVESTMENT ENTER D PHIL. CREATE JOBS FOR D PHIL PINOYS. WORKERS WILL PAY TAXES , FUNDS WILL INCREASE FOR D GO😊VT. TO INCREAS D PACE OF INFRA PROJ.S
Active na active si Carpio mula ng nag retired sa SC 😂😂😅
May mahirap na doktor, may mahirap na abogado, may mahirap na inhinyero. May mahirap bang pulitiko?
Parang benebenta nyo na ang pagiging Pilipino nyo kung papayag kayo jan sa cha cha con as con con. Never!
Kawawa tayo mga tao lalo na mahihirap pag napalitan ang batas. Never to charter change con con at con as NEVER . Wag baguhin ang batas!!!
These laws are technically unconstitutional because of the 60/40 rule in the Constitution restricts 100% foreign ownership. This is why FDI doesn’t come to the Philippines because of the chance that they will lose their business if the law is challenged. Aside from that, he’s absolutely correct about the Power Costs, and the red tape being contributing factors, as well as systemic corruption. Nobody wants to deal with Philippines Customs.
if it is, why hasnt it been challenged in the SC?
because the SC refuses to hear the cases brought about challenging the laws. The Constitution specifically states you can't have 100% foreign ownership of businesses. If the Supreme Court decides to hear any cases, they would have to find in favor of the Constitution. To change it, they need a constitutional amendment. Most Countries don't have any economic restrictions written into their constitutions, but they do have restrictions on land ownership. The reason it's in the Philippines Constitution was to protect the Oligarchs who were funding the Coup attempts against Cory. The clause was put in to protect the Oligarchs, most of whom are ethnic Chinese. And these Filipino Chinese won't even allow their kids to marry Filipinos who don't have Chinese ethnicity in their bloodline. Unless it's for financial or political expediency. The clause should be removed so the laws can stand on their own. The Gov't needs to be able to legislate laws that help the Philippines economy to help Filipinos to get employment here, not just overseas as OFWs. By allowing the Oligarchs to control the economy, the Filipino suffers. Interesting that the Filipino news media, floods the market with stories against changing the constitution. And who owns the media companies? The Oligarchs.
HUH? China is a communist country, every land and resouces are owned by the state. Business are controlled and sh0uld abide by their laws and the govt demands.
But STILL foreign investors wamted to do business with China.
L
@@tlevans62 drama mo
@@tlevans62 tlevans you're on point. This is my exact point, too. I have posted comments in line with your thinking.
The Philippines i economy is lag behind compared to other Asian country because we government officials are corrupt, we Don't really care the economy in our country, we government officials enjoying so much for the budget that the House speaker is imparting to us. We are enjoying our travel in different countries. Ha ha ha ha.
Lahat na sisla mag resigned for being incompetent law maker
Carpio is wrong. To address backlogs in infrastructure we need to open up our economy more. Power generation and distribution,water management, seaports and airports, logistics, roads and railways all these will be funded by opening up our economy more. It's only partly open just about last year. Capital and technology have not kicked in yet but still we need to sweeten the pot by liberalizing our economy more. Both the UTILITIES and SERVICES should be open to 100% foreign ownership, that's why we need charter change now. We need them to be more committed. We need to industrialize,we need manufacturing. We need to achieve industrial-agricultural scale. These areas require capital, science and technology which the foreigners can provide and will provide if they get to own their corporation 100%. Red tape can be solved by digitalization which the foreign capital and technology can also provide.
Charter Change is a big part of the solution. Not to see this is foolishness.
Correct!
@@tlevans62 thank you tlevans.
Ito tlga mga expersts sa batas
Corruption
Nano ko na ha ha…at Mali in Cory and Ramos,,,,ha ha binabaliktad nila ngayon
Nagtanong yung taong grasa anong gagawin ko para maunawaan nyo ako para hende naako kakain ng left over na inoood sa basurahan araw araw sumagot yung bata ganito pagkatapos kong uminom ng isang basong tubeg kayo naman ang uminom ganito ang sasabehen sabe nong bata salamat po sa tubeg banal na ama hende napo ako galit sa taong buhay sa buong mundo kasepo pinapainom nyopo kame ng tubeg banal na ama gagawin ko yung senabe mo bata amen
No to CHA CHA
This is misleading. Many are not allowed 100% foreign ownership. China has a multibillion dollar Apple co. A multibillion Tessla company and many others. India has many Multibillion dollar 100% foreign owned business's such as SC Johnson. Frito/Lay and others. No one is willing to invest billions of dollars in a company they do not have 100% control of the land it is on or the person running it. The improvement of the life of Filipino's would benefit greatly due to wages and working conditions. Anyone who is unable to see this does so by choice. By not opening eyes or just plain ignoring what is looking them in the face. The closed market place does not benefit the people. It only benefits the already wealthy in PH who control the work conditions and wages. Competition from outside business would not be beneficial to them alone.
Leo you're correct.
Puro partnership ang mga yan with local Chinese companies lalo na sa mafuncaturing ng Apple and Tesla products. FYI hindi madali mag negosyo ang mga foreigner sa China kailangan joint venture with local compnay. May tinatawag pa na Forced Technology Transfer Policy and China sa mga foreign company. Kaya gusto ng western companies magtayo ng mga kompanya sa China at India daihil cheap labor at sobrang laki ng population nila na potential consumer ng mga products nila
pinagsasabi mo
@@fjk8072 the dynamics are different. China is more or less open and investor-friendly. Plus, it is a very big market. They can force joint ventures because of their strong and broad supply chain. Less fortunate countries need to offer more incentives. The Philippines should operate in a more generous manner to get investment.
@@melvinstarita638 Philippines can offer more incentives but the real problem is yung red tape, infrastructure for logistics, unstable electricity supply and internet connection sa mga provinces. Bago ma solve yung mga issues na yan babalik ulit yan sa red tape. Kahit local businessmen nagrereklamo na ang hirap kumuha mga requirements kung saan saan pa sila pumupunta tapos may under the table pa. Manufacturing lang naman ang services ang malaking market ng Philippines. Kahit mag allow ng 100% foreign ownership kung may red tape, undeveloped infra for logistics and unstable internet and power supply wala din mangyayari. Ito lang naman need ng mga negosyante sa Pinas:
Ease of doing businsss(incentives, easy processing of requirements)
Cheap labor
Cheap rate for energy consumption
Faster internet
Developed infrastructure
Pinaka importante no red tape
Si Macoy lang talaga ayaw bumaba tulad ng Tatay. Gusto nya People magpababa sa kanya.
Justice Tony Carpio, please talk some sense into Mr. Marcos, kulang nga tlga siya sa understanding, kung anu anu lang pinag sasabe sa speech nya, pinalakpakan pa ng iba din na engot
ayan na parating na yung mga commenters na bayad ni Romualdez 😂
Saan si lito lapid sa mga ganitong talakayan?
Opinion: Ang problem ng foreigner mag business dito ay 1. CORRUPTION 2. RED TAPE 3. MAHAL NA KURYENTE 4. madami pa. Sayn kasi magagaling mga tao natin, huwag lang aabusuhin para mag perform ng maayos.
Push forward for charter change and free the Philippine economy! Carpio is speaking the oligarch point of view that does not want foreign competition by changing of the constitution! The restrictive constitution has choked the Philippines economy by blocking foreign investment, cheaper and better products, pushed jobs away and kept the masses in poverty.
what is the restriction? cite the consti provision
@@user-kf8vz7ym1e 60/40. Paid up capital for foreign companies of up to $100-200k usd just to start a business and hire 15 Filipino employees when starting a business. It’s madness and designed to keep out foreign companies that would provide the Filipino people with cheaper and better products. Just look at starlink that provides better internet in the provinces than smart or globe ever has. Please wake up and free the Philippines!
Philippine Constitution (1987) restricting foreign ownership to 40 percent (Article XII)
It's not liberalized enough that's why we need to open it more. Besides,there's still the damocles' sword hanging over the heads of potential foreign investors regarding 100%foreign ownership legal standing which is still to be decided by the supreme court.
Plus,we need to sweeten the pot. Let's be more aggressive,smarter and more willing to take risks with bigger rewards. We've got fierce competion in our neighborhood.There's almost no time.Lets dive in and swim.
Power cost can be lowered down by introducing foreign capital and technology. Lets not call them euphemistically as critical areas connected to national security as this will only deprive the industry with capital and technology. To be honest,Bbm is only mildly successful in his foreign trips.We need him to be wildly successful ,and he can only do that if he's got the ' goods ' to sell.
We are in a crossroad of our history here.What we decide now will shape the course of the nation in the decades to come ,and the future is about unbridled competition and fierce economic rivalry .
If the economic provisions are not really that important then why shouldn't carpio allow our legislators to tinker with it?
I'm assuming ito yung points na sinasabi mo in the other comment. Again, based on existing laws and regulations, kung ang issue ay percentage ng foreign ownership kaya naman gawan ng paraan through laws and regulations. Ang problema natin sa Pilipinas, red tape, high cost of power, high labor cost, lack of infrastructure. Hindi talaga pupunta ang foreign investors kahit 100% owned nila ang business nila dito kung mas mahal ang power at labor cost natin compared sa Vietnam and Indonesia. Kahit sa China mas mababa ng kalahati power cost nila eh power ang pinaka malaking cost madalas sa operations lalo ng malalaking Factories lalo yung mga heavily automated manufacturing at yung maraming electrical and electronic equipment. Ang Ports natin na nagagamit halos yung sa Manila port lang, konti lang sa Cebu. Traffic pa papunta sa ports. Malala. Kung yung mga nasa gobyerno sana nakafocus sa lalo pang pagpapaganda ng infra natin at sana binibilisan nila ang kilos nila kasya nagpapapirma ng pekeng People's Initiative na hindi naman mga tao ang nagsimula edi sana mas maganda siguro ang kakalabasan. Pati pag open ng business in terms of paperworks ang tagal at mahirap din, Punta ng barangay tapos minisipyo tapos babalik pa ng barangay minsan tapos sa mga ibat ibang government departments tapos more than a week or two bago matapos. Konti na nga ang kikitain mo kumpara kung sa Vietnam or Indonesia ka mag tayo ng business, pahirapan pa. Sana kung gusto ng mga kongresista na payagan ang 100% foreign ownership na sa tingin nila dahilan bakit hindi napunta ang foreign investment dito edi sana gumawa pa sila ng mga batas na papayagan yon pati pag ammend sa foreign investment negative list. Mas busy pa sila mag papirma last time sa mga tao ng People's Initiative kuno.
@@happygolucky143 Power cost could be brought down by changes of the economic provisions. Infrastructure and other logistics could be financed by foreign money. We need charter change to do this as we need to open up more.
I have other comments posted all over TH-cam.Try type in 'investment banker saying no to charter change and philipppine news'
Philippine Constitution (1987) restricting foreign ownership to 40 percent (Article XII). Remove this article and then the laws congress have passed are under no threat of being overturned due to any SC decisions rendering them unconstitutional. Further, use the Free Zones of Clark and Subic as test zones, lower the cost of power in those areas, change the way the bureaucracy works there, and create a special Customs Group there who are NOT corrupt, and see what happens. Dubai did this and turned their entire economy around. You can set up a company in Singapore or HK for only $10k, in DXB it's $5K, but in the Philippines Special Economic Zones it's $250k. They need to change the structure and grow those zones as models of efficiency, then have those ideas spread to the wider economy. Why restrict power generation when Ramos already developed very good Build Own Operate Transfer BOOT laws to attract foreign investment into power generation. As long as the economic provisions exist in the Constitution, the laws congress passes are under threat. Further, they need to change the legal system in this country. Cases take decades to be decided, they need to have business courts that just deal with business law. The courts are overburdened with other trivial matters. I liken the Philippines to a land of Trolls and Bridges. When trying to get from one point to another in business, you have to cross many bridges, and at every bridge, there's a troll that must be paid to give you a piece of paper before you can get to the next bridge to deal with the next troll. The Barangay, the Municipality etc etc, before you can do anything. Even the poor OFW, rather than just getting a passport and a job offer overseas, they must cross many bridges here before they can even get to the airport to see the final troll, the Immigration Officer, who can then end the entire effort by denying them their trip, based on the subjective opinion of the Officer. All those trolls that had to be paid to finally get to the airport, and it was worthless because the final troll decided not to let you on the plane. The whole thing is ludicrous.
Sino tong Carpio😂😂😂😂😂😂😂😂
asusss... another dog was released. trying to open these type of issue related sa Cha-cha. pra daming papabro sa cha-cha. engot nyo.
We know that carpew
Carpio mamahinga kana