The Philippines Investment Boom
ฝัง
- เผยแพร่เมื่อ 16 ก.ค. 2024
- The Philippines is about to a boom in its foreign investments, driven by the newly enacted law that fully allows foreign entities to own a business in the Philippines fully! A law that stopped them from owning no more than 40% of a business in the past decades.
Narrated by Chowson
Video Edited by Iyanbriandl
Facebook: / behindasian
Instagram: / behindasia
Timestamp(s):
0:00 The Philippines 60/40 Law
0:39 The Opportunistic Change
1:14 From 60/40 to 100
2:02 Rising Foreign Investments
2:44 Valuation Change
3:01 The Disadvantages
3:57 The Next Big Destination
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Brought to you by the Behind Asian Team.
Build! Build! Build! Love Philippines 🇵🇭 from India🇮🇳.
Thanks man🇵🇭♥️🇮🇳, cheers from Cebu Philippines, its a pleasure for two nations making valuable trade like Brahmos Missiles for national security
I love india so much, I'm from Phil but I really love the people and the culture of India, one day I visit India.
Love to people of Phillipines 🇵🇭 from india 🇮🇳
Thanks. Love from Philippines too🇵🇭❤️🇮🇳
yes
Love the people of India🇮🇳, From Philippines💙💙
i love you too india i hope i can visit your countrt soon 🙏 namaste, sarsyakal.
Thanks
Phillipines is one of the most progressive country. I am sure it will rise up as strong asian economy.
Massive support and
Love from India.❤
lol progressive? i don't think so.
The majority here voted for the son of a former dictator
Thanks for your support.
Some of my company's clients are Filipinos. Very professional and polite. May Philippines grow and prosper. Love and respect from India 🇮🇳
Wishes for all Hardworking people of Philippines 🇵🇭 . From India 🇮🇳 .
Love you so much Philippines 🇵🇭 from India 🇮🇳
We love you too!!!!
We love indian people too.. Thanks brother for the support We filipino love you more Mabuhay ❤ india
Phillipines go our Asian pride. Love to Manila from Mumbai 🇮🇳. 🇵🇭🇵🇭
Namaste🙏 from India
I am an indian ,and I am really obsessed with Phillipino culture and people
I really want to visit your beautiful land ❤️❤️❤️🇵🇭❤️❤️❤️🇮🇳❤️❤️❤️
THANKYU BRO COME IN SOON💚🇵🇭
Come i’ll tour you around
Bro dont seriously we dont deserve u guys ph is such a racist country wait til u knowwhat others like us think of you
Thank you... You're welcome here bro and Philippines have a also indian and they are good people too ...
@@minxhozx5113 Not true filipino respect indian here
Love Philippines from India 🇮🇳❤️🇵🇭
All the best Philippines...love from India 🇮🇳❤️🇵🇭
I hope Philippines will become a developed country very soon
Dear Filipinos, always remember that we Indians will always support you ❤️❤️❤️
Why are you supporting us too much sir?
@@villamorgallevo9578 Because China bullying the Philippines
I want my Filipino friends to know India will always stand with you.
You will see more cooperation in the coming years.
@@gazz01 Yow... Thanks alot bro... But we don't deserve so much... One day you'll know that most of my fellowmen here are fucking racist and degrading other ethnicity and even to their fellow filipinos having different culture... I don't even see filipinos supporting India... By the way best of wishes for you and for your nation i wish that you'll become a middle-upper income county and become more rich and economically dominant for the following years... And also thank you for the brahmos missiles. &
God bless
Kesa hai bhai.. shukria
@@villamorgallevo9578
What are you trying to imply, Philippines government support India for buying their munufacturing, such as cheapest medicines, cheap military arms services, etc.
That's the reason why Indian President visited Philippines last 2 to strengthen the trades between Philippines and India...
I hope India would have free trades with Philippines as well since they exit the rcep.
Indian are good to Filipino as well, I heard Indian communities in Philippines are helping poor people as well in the Philippines, giving them free foods. Etc.
The 60-40 rule is such a bummer. It has been slowing down my country's growth for over 20 years now. However, even with over 20 years of this, we still manage to somehow compete in terms of economic growth in our region. Just imagine all restrictions being gone, I wonder what the growth will look like then.
FDI is now open
Surgr of investment
This move will launch Philippine economy to the stratosphere!
Blame cory. It was made that way to protect their families and oligarch friends
@灰原引守 Mga dudes anong tawag sa Pinasa na Bill? (Ammendments? idk na term dun)
Go Phillipines fighting 👍 💕 from India ..
The Philippines has continually been a laggard in foreign investments in the past. With the recent change in its 60/40 rule, however, will this be the game-changing moment? Let us know what you think!
Geographical Challenge is still a problem but there is good Increase
@@a.c6761 Nope, Switzerland has a shitty geography but they didn't blame it.
@@a.c6761 Agree. With the recent passed bill, foreigners can now own 100% in the railway sector. I doubt it can attract foreigners to invest in it because of the geography of the country. That is why we have no railway in luzon until now. Building it is costly due to the mountains. Even building a road is a challenge to us.
@@omnisciencexx790 , way back in 1978 I rode on a train from Manaoag, Pangasinan to Caloocan Station. PNR was already in existence long before that with railways from the far north all the way to the far south of Luzon. Sadly, after Marcos was ousted the railway was neglected and is being revived only in the Duterte admin.
@@addd_diii doubt Swizz never fuq by at least 21 super typhoon each year
Philippines will be the next big thing of Asian, even World Economy 👍 lots a love and support for Philippines from Indonesia 🇮🇩❤️🇵🇭
Ty salamat love from Philippines
Since early in the Duterte administration I had been advocating for a change of the old 60/40 rule so that we can attract more foreign investment. I'm glad that is now a thing of the past. I expect the GDP increase to surpass 7% starting 2023.
Agreed, the 60-40 rule held back growth in our country.
@@NoVisionGuy , thank you...
@灰原引守 , so true.
Then the credit grabbing will start, as local politicians always do
@@rickv9180 the term credit grabbing was coined by the media that is anti administration every time prrd has a public speech he always says that all credit belong to the local govt and workers
My favorite country 😍 🇵🇭❤️🇮🇳
Love you Philippines 🇵🇭🇮🇳
Masa depan Filipina di depan mata. Saya yakin Filipina akan menjadi negara dengan ekonomi yang besar di Asean.
Salam dari saudara tetangga 🇮🇩🇵🇭
👁👄👁
👁️👄👁️
Thank you from the Philippines! Good luck to Indonesia too! ASEAN will be a great region in Asia!
We are ASEAN 🤗❤️🇵🇭
terima kasih indonesian bros 👊🏻
Love phillipines from 🇮🇳 india
❤️back
Indians give high respect to pinoys.. what a big heart ❤️
Love from india, Phillipines 😊
I'm grateful reading positive comments from our true friends from India 🇮🇳
Love lots - our Philippines 🇵🇭
My problem with this is that the smaller people doesn't always benefit from this.
Specially the tourism industry and home ownership.
Take Hawaii for example, native people can't even afford to live within there own Islands because all the lands, resorts and other businesses are owned by by foreign investors.
I just hope that certain rules are applied to avoid such issues.
Foreigners are still not allowed to own a land here in the philippines. They can lease a property just like what Ikea did
Foreigners are still not allowed to own land in the Philippines. They can own condo units but not house and lot.
this will induce more volatility to small busness stock market heck the more money they flood the busness the more money they take out in the process unless this foreigner wanted to live and be a citizen
Good question but that is already predicted because foreign investor are not allowed to owned our land they only owned 100% business ownership that's it only i hope you understand.
Philippines is very sensitive about our land the foreigners can owned condo units but not house and lot, just like in business they can owned 100% business ownership but not our land.
It is only in the interest of oligarchs to enforce the 60%-40% limitations. They want to ensure they have participation in lucrative investment opportunities.
👍🏼👍🏼👍🏼👍🏼👍🏼
True
True
oligarch wants less competition....
More importantly they will lose their political power. Philippines could be rich like Singapore if they let foreigners buy land.
India will invest in the Philippines to open TATA and Ashok Leyland company, Medicine and Aviation like Spice Jet Philippines to get service domestic entire the Island of the Philippines
I'm from Philippines and wish India will collaborate on this new law
That 60/40 law was a stupid law that only protected the wealthier citizens of the country. Meanwhile, the poor became much poorer because there were no opportunities, stiffled by the very rich domestic corporations the law protected. Even now the country is suffering from poor internet connection, terrible neigh monopolistic telecom companies, monopolistic power corporations and other sectors. Without any foreign competition, they've raised prices far more than they should be worth.
In my mind that rule was necessary in 1987 forward 20 years but should have been replaced at least 10 years ago. The work stoppages were so rampant during the waning years of the Marcos admin that the economy was in shambles.
@@sran5947 yes, always blam the marcos 🙄
@@sran5947 lol Marcos is already not president at that time you need to research first before you talk.
@@rampage4695 ,where in that statement did I blame ex PFEM? I am retired now and I saw so many company strikes and company shutdowns caused by the communist leaning labor unions especially KMU "during the waning years of the Marcos admin". There goes that statement again. He was the president, why would he do an act which will tarnish his own admin? I suggest you go back to school and take up English Comprehension subject because you did not understand what I said. Hayaan mo, sa susunod tagalog na ang isasagot ko para maintindihan mo. Kumuha ka na rin nang Tagalog/English dictionary para malaman mo kung ano ang ibig sabihin nang "waning years".
@@reapercraft4923 , did I? He was the president, why would he cause the work stoppages to destroy the economy? It is confirmed, the young do not understand English properly...gusto mo tagalogin ko na lang?
I so love the support the country is getting from our Asian neighbors especially India, which has always had an excellent relationship with us in so many ways.
Asia, particularly East and South East is rapidly becoming the Economic world power and I am so hyped about it.
May God Yahua continue to bless us all! 🙏👍🙏
love Philippines from india
Thanks
Nge Pinoy ata to eh nagpapanggap halata Naman😁
Yeah alibata name 😊
Okay naman yung merong ka compete ang mga local business para ma improve naman sila if meron pang dapat e improve, wala naman masama kung eembrace ang improvement diba ? Para mas lalo maging competive ang mga local bussiness worldwide.
Oo lalo na yung telco natin dito. Extremely monopolize kaya yon, stagnant and hindi nag improve yung services nila.
@@anemojin4384 correct pabor sa ating ito mga consumer mabali na monopoly sa ating bansa.
Yes..mga oligarko lng naman nakikinabang sa 60 40 rules .
60/40 rule makes zero sense and just hurts the economy. I'm glad to hear this new law take effect. 2022 and beyond will be booming for Philippines. Let's go!
Excellent job, Philippines. Soar high!
Very Underrated Channel. Why you only have few thousand subs. You should have Hundreds of Thousand. I hope this channel grows more.
The 1987 cory constitution is the main culprit,
AQUINO NEVER AGAIN, NEVER EVER AGAIN TO BELIEVE ON ANY KIND OF YELLOWS
Corykong
Good both were in HELL already
Our 1986 constitution was designed for rich filipinos to protect them from competition
Stop blaming Aquino or Marcos, it's quite embarrassing that both factions cause division among us.. Vote Wise!
FOR FOREIGN INVESTORS, NEVER GIVE BUSINESSES 100% CAPITALIZATION TO COMMUNICATION, MEDIA, PUBLIC SERVICES LIKE POWER GENERATION, WATER, AIRPORTS, SEAPORTS,
I'm actually worried about the Philippines since Mr.Duterte's term will end😬
I have watched interviews from logistics owners that they have transferred to Phil last month because Philippines was rank #2 in UN businesses furum.
fastest growing economy in the world...
I hope Philippines Fdi would drive the economy to reaching high income status in 10 to 15 years....
I hope that Philippines would manufacture semi condoctor chips as well to drive the economy stronger and sustainable growth in the future..
Aseans countries will upgrade and grown together, Aseans will be stronger than European markets...
I hope so
I'm sure we can do it
Intel was in the Philippines before but they closed shop after the Philippines didn't want to extend the tax holiday of Intel. Hopefully, Intel will have a change of heart and go back to the Philippines.
We hope so
Good news!!!!
Love from India 🇮🇳
Well done. India supports Phillipines. 👍
Oh my- Thank you for accepting my request! It was a great vid!
The Philippines can benefit from Indonesia's new capital. Its closer to the Philippines than Java, BUT it depends on Philippines ability to build proper infrastructure and guarantee the safety of southern islands, including Mindanao.
There's still plenty of conflict in Mindanao sadly... Unless we can chase out Extremist and Rebel Groups which will take probably decades...
The Philippines Security Weakness is actually the Backdoor Areas of Sabah, which is the usual Door for Bad Groups with Hideous Intentions are going through to enter the country, where Malaysia is neglecting and ignoring knowing it's complicated status. If that area is solved, the country's weakest link will be secured not only the Mainland or Sabah, but also those in the West Philippine Sea.
i love Philippines from turkey🇹🇷
Im half japanese and half filipino
And im really proud that philippines is now growing
Thank you very much Just some guy with a orange hair.
phillipines 🇵🇭
Those laws are nothing if the Supreme Court will declare it unconstitutional. Constitutional reforms is what the Philippines need.
#Federalism
#ParliamentarySystem
#EconomicLiberalization
How would a parliament help the country grow?
I absolutely love this channel i think it's the only one that i know that mainly focuses on developing asia and not the west plus i can see that the research their topics on their videos was very well
Lol that's why the name of the channel is behind Asia not behind west
My favourite country 💕
♥️♥️♥️
60/40 is what the oligarchs want, they have ben bleeding this country for so long. I hope foreign telcos, power companies, and railway operators ca come in ad make our prices more competitive
Yeah those oligarchs did that after Marcos regime and Duterte is the only president that forced oligarchs to pay their billions of unpaid taxes
Wow so many Indians showing support and love for my country. Thank you guys.. I have so much friends and have had worked with Indians. Very kind and loving people. 🙏 😊 😍With love from Saudi Arabia to PH 🇵🇭 and India 🇮🇳.
Salamat for information I love you're channel go Philippines ❤️❤️❤️❤️
God bless the Philippines!
Maraming salamat sa impormasyon.
“New Emerging Markets: Nigeria, Indonesia, Mexico, The Philippines and Turkey”
Turkey’s economy is getting wrecked right now so take it off the list.
Philippines is the only ASEAN country that has great talent from all industries that are overlooked by rich countries and just hires nurses
foreigners will find the process of setting up a business difficult and logistics in the country a nightmare unless the business is to extract resources and shipped to countries that refine the extracted materials
Philippines is a home of most hospitable and friendly people....
Wow after 35 years of foreign investment restrictions , now maybe to become open Foreign investment
I have a fellow expat trying to open up a restaurant in the Metro Manila Area. This information is about 1 month old so I don't know if the law was enacted yet, but they were informed that any foreign business owner has to invest a minimum of US$200,000 into any business they want to open in the PH if they do not have a Filipino business partner.
Mashaallah alhadulillah
Philippines is real😘😘
The government should give subsidies to Local businessmen and manufacturers so we could have a healthy and equal competition with our foreign counterparts
Never knew cryptocurrencys could be so challenging! Kept running back to these TH-cam videos to learn more about this your video is indeed helpful.
Who else think this Crypto trade is kinda easy but is way to nervous to start.
Trade has left me no choice but to keep investing because it makes so much profit for me.
i have been trading offshore and still have not made my own profit which strategy do you use please .
Got linked up With Mrs Stacy Griffin Kartner o days ago never knew anyone will know her here.
She is a genius
The beginning..of something Big..lets go✌️👊
Watching here kabayan gandang gabi po ingat po nice vlog
Keep up the good work
Love BEHIND ASIA 💙 so much !!!
With Philippines is now opening and lifting the restrictions in FDI
Yes, the country is going to rise up
God Philippines, be careful about the disadvantages that this decision will bring, Investors from other countries that will make your country rich will make it fall as well. A great example of this is Hawaii.
GO GO GO PHILIPPINES🇵🇭
Hello pareys, All the best for philiphines from 🇮🇳.
Love to see US companies move from china to Philippines!
Wow ♥️💚
Open FDI & trash the 1987 Constitution Philippines!
Give more Jobs/ investors & Healthy lifestyle in the Philippines
we are opening our tourist spot too
It'll explode this year and will exponentially increase more as foreign investors will be given more involvement as it turned up to 100% now.
What did the past admin think will happen when they created that 60/40 business rule and privatize most of the government assets?
lots of love for the philippines....from Bangladesh..
Only open for business investments? What about land, real estate and properties?
I am supporting for less 60-40 rule in the Philippines
Unfortunately, I don't think the foreign investment will be far higher than that unless the government change the national constitution that places the foreign investors on the disadvantage.
I don't know what to expect in the future but if this is helpful for the people like us (below), i agreed and I'm hoping.
Phls a haven for foreign investments in the world today.
bilang na ang araw niyo meralco, maynilad, pldt, globe, at marami pang iba
For me, it's a win, win situation actually for both the investor and the government but I do have some reservations about this kind of law. Let's hope for the best because I do not trust the lawmakers who made this law, to be honest, they all have their own interest in anything that will benefit them but not for the country and the people.
love from Bangladesh
This is good
more foreign investor means more competition... and local oligarch hates it... but the majority of filipino will benefit...
This would either benefit greatly for the country or nothing much and with some negatives like brexit
100% Ownership of most business is really a crucial and hanging out scale, since most of foreign Entity is just crucial especially just what you mentioned it have a very strong disadvantages
This could open the gate to foreign influence. I am especially wary of the CCP. Otherwise, this is great for the Philippines. The nation is oozing with so much potential.
Are foreign influence all bad? I mean, we're living in the 21st. We're all supposed to help each other. Change is inevitable.
@@addd_diii No, I'm just wary of the Chinese Communist Party.
@@addd_diii the point here is too much foreign influence can affect Governments decisions and policies both good and bad ways and PH citizens are known for being naive in voting proper politicians to represent them so it's a double-edged sword
100% is a good start, but a lot more things will have to change.
The filipinos are beautiful hard working people. strickler for cleanliness.
This is a great move by our country, let Pilipino people join in investments too for funding these new foreign companies.
Let them come. Local businesses will adapt to compete, and will even make use of the techniques foreign businesses use.
I hope the government will also pass a law that mandates foreign companies to have increase salaries for their Filipino employees. Some of those foreign employers have used to have low wages for their online Filipino freelancers especially to those who have virtual assistant and tutorial jobs.
The only losers here are the rich families and their companies. The general population will greatly benefit.
Finally, at last. The 60-40 rule of the Philippines is no longer.
.
Investors: It's Boomin'!!!
60-40 rules only apply to industry that the Philippine Constitution prohibits foreign entity to own, including Land, Media and other industry that are vital to The country's National Security. We also have industry that are 100% foreign own.
#Fact
excellents modernized more advance ............god be with us federal states philippines.........good jobs to all.........
Other name, that law can easy foreign investor to expand bussiness and create job for locals, so they don't want complicated bureaucracy, make they think 100x to invest in country
Philippines must build a trading hub, economic zones and international seaport in the Pacific Coast especially in Quezon Province . Build a Panama style Canal in Quezon Province.
Soon, i want to have an investment in the Philippines. My company is seeking for new potential market.