Should the PH ease restrictions on foreign investments? | Matters of Fact
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- เผยแพร่เมื่อ 16 ธ.ค. 2019
- A Philippine lawmaker sounds the alarm on attempts to ease restrictions on foreign investments. House minority member Carlos Zarate asserts, businesses in the Philippines should be controlled by Filipinos. He adds, even with current restrictions on foreign investments, the Philippine economy is thriving. But Gary Olivar, a member of President Duterte's Inter-Agency Taskforce On Constitutional Reform, insists easing restrictions will result in more jobs for Filipinos.
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Kudos to Vietnam, Indonesia, etc for gaining investors from Japan, US and Europe who are relocating from China. Sorry Pinas hindi kasi to priority ng mga lawmakers natin, ang gusto nila sila lang magkakapera ayaw nila ng competition from abroad. Kaya mataas ang unemployment natin dati pa at patuloy pang tumataas. Napagiiwanan na tayo dahan dahan ng kapwa SEA country natin.
Both Vietnam and Indonesia are in China's debt trap by having their Chinese infrustructure companies make lots of their infrustructure. Tofu Dreg projects? Maybe. I hope you know there is also a possibility that Chinese company could end up owning Telecom in Philippines. All your data, even bank accounts and internet searches would no longer be private but owned by China since all Chinese companies are mandated by their government to send every data they own to their government. Foreign may mean US, Japan and other such well meaning countries. But foreign could also mean China, Russia and North Korea. The countries trying to expand their territories.
Yes .. this has been a long time in coming..Don't listen to this guy Zarate..Vote To Open the Philippines to Business investments.. Bago tayo maunahan nang Vietnam orother developing countries..
Naunahan na tayo ng Vietnam
@@senorswordfish6019 not yet
Makinig ka kay zarate kung ayaw mo mapahamak bansa mo...saan ka makikinig sa kampo ni duterte na nagbebenta ng pilipinas sa china?
@@tengteng4076 pag foreign investment china agad? baka hindi mo alam na japan ang highest investor natin ngayon at walang nagawa yung pakikipagkaibigan ni duterte sa china. Pag hindi niyo magets yung FDI wag na kayo magsalita. dahil yung singapore sobrang luwag nila sa FDI namamayagpag ngayon. tayo kaya? kelan?
@@tengteng4076 lol foreign investor=china? Hahaha so ang buong mundo pla sakop ng tsina? Mag aral ka muna ng economics at business bago ka mag comment dyan.
Yes! We need more businesses!
Communists want to keep us poor because they believe that one day, they will be our dictators 🙄
libre lang mangarap...
Our economy will grow much faster if restrictions were eased.
Ok ako! Kesa mag abroad, Dito nalang mag trabaho sa foreign company, Hindi na kailangan pa lumipad ng iBang bansa
Who's here after the restrictions were eased
Malalampasan natin ang China pagdating sa growth? Which growth, population growth?
If the policies Zarate and the non-business/non-MBA intelligentsia of UPD, ADMU, and others are advocating are absolutely correct, why is the Philippines still lagging in most economic indicators?
Here's the answer: "intellectuals" as well as life term bureaucrats don't suffer a penalty for being wrong.
They get to keep their jobs if they make a wrong guess-which they repeatedly do.
Unlike businesses who face bankruptcy if they choose the wrong direction, intellectuals don't have such a disincentive so they keep spouting the same TRIED AND FAILED policy prescriptions and the rest of Pinoy society continue to suffer.
PROTECTIONISM leads to poverty in the Philippines.
Overregulation doesn't regulate the oligarchy and the connected.
High taxes are borne by the fast vanishing middle class.
If these clowns were SERIOUS about real solutions, they would head in the OTHER DIRECTION: less regulation, smaller government, lower taxes, greater local and regional autonomy, free trade, and free markets!
Relaxing foreign investments cannot be mixed with bureaucracy and corruption..... corruption is purely governmental failure in terms of management. Many countries already had very loose foreign investment policies with 100% foreign ownership yet had little or no corruption..... do not try to hide the government's weakness in proper governance by shifting the blame for loosening foreign investments.
Solomon Islands. Entire Tulagi Island lease to Chinese company. Allowed by provincial government. China's debt trap projects in Sri Lanka and Pakistan.
what is wrong with otherwise provided by law cong zarate, that is where the congress comes in, to debate and craft laws unless u dont trust the institution,, kong mag bidding either the dragons and castilaloys lng palagi ang nagcocontest sa bidding, what wrong in lifting it, if u think it will make dent on securities then thats is where the congress steps in.
Malalampasan daw ang china ng 1987 consti hahahahahahaha nagpapatawa ka ba zarate? sa kadaming monopoly at tax evasive na business dto dahil wlang kumpetisyon😂😂
luh kaya nga tayo nahuli sa buong sout east asia gawa ng pisti na coryconstitution na yan
Removed restrictions tama, pero sabhin na 100% ownership wag na bigayan ng power congress sa part na yun by inserting unclesr words. Corruption prone! maraming mahhostage na foreign company nakakahiya.
16:03 precisely!
Alam mo may internet ka may devices ka para makaagcomment dito. Iniisip mo lang kasi yung sarili mo kasi nakakaahon ahon ka sa buhay. Pero sana isipin mo din yung mga kababayan mong sa basura na kumukuha ng pagkain kasi walang trabaho. Itong foreign investments pwedeng mabawasan ang mahihirap sa Pilipinas ako yun lang talaga mabawasan lang ang mahihirap yun lang importante sakin.
Joshua Garcia sir ok sa foreign ownership, basta done right. Kasi Insertion ng unclear words creates uncertainty which defeats the purpose of inviting business and create new jobs.
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As much as I hate Zarate, but I have to side with him this time with regards to term extension and dynasties. Why not prioritize these important provisions instead? Remove term extensions by these Crocs and implement anti-dynasty bill!
At most sa mga parlaiment na mga bansa magaganda mga leader dahil kaylangan pa nila mag debate sa parlaiment
Anti dynasty bill is just useless, its just getting the wound more open.
@@roj22fetals6 fact, if they want to minimize corruption they must push for Parliamentary form of government
Bat hindi na lang Lifetime ang Term ng congressman para sagad na. Pootek naman. Dapat nga lahat na officials one term lang for each position at dapat pataas ang position everytime tatakbo.
Professionalized slave trade, ofws, is a good business. Why stop it? lol
tweet: Philippines has an open investors policy still to this day. Foreign investors would do very well in the Philippines right now primarily due to cheaper labor wages and high unemployment rate. Investors will need manpower to open a business anywhere and this policy is also true in the Philippines. Come invest and enjoy some of the advantages the country has to offer. be blessed. Dec. 2019.
Open investors policy? But the constitution restricts foreign companies from investing.
@@lextermichael6537 yup a foreigner can own maximum 40 percent
ABS CBN is really a communist network, lmao. Kinakausap pa si Zarate. Hahaha.