Below is a blog written prior to the Presidential Election of 2016 and how the scenario has changed for the Philippines, Filipino people and Economy in general. Even the World’s view on the South East Asian Region has changed and trade investments are pouring in. Manufacturing sector and tourism has picked up considerably yet a lot of work still needs to be achieved and realized.
The Golden Age of Infrastructure is coming and this will surely help most of the population in the years to come.
Why wasn’t this done by previous administrations, your guess is as good as mine but no need to dwell on the past, we just have to learn from it and do something about it.
June 1, 2015
Here’s a video clip from http://www.abs-cbnnews.com/anc, on why and how the Philippines have continued to be at the bottom amongst its neighboring countries as far as Foreign Direct Investments is concerned. Take note this is so critical for emerging countries like the Philippines. You will notice that our dismal growth on FDI investments from 2013 to the present despite upgrades from Credit Rating companies such as Fitch and Standard and Poor.
Oh well, take note that the Business Process Outsourcing, Call Center, major developer’s Mall Expansions and the Overseas Foreign Remittance our banks receive are for the upper lower, middle and upper class people. 90% of the Filipino population is composed of what we call the “masses” and they are the ones that need “foreign direct investments” because the jobs created by these multi national or foreign companies are the jobs our Filipino masses qualify for such as Manufacturing, Assembly Lines, Transportation, Construction workers, etc. When you analyze it, the wealth isn’t really spreading and poverty is rampant !
Another issue is the controversial subject why foreigners can’t own land in the Philippines. Anyway, if only our government can get their act together, what a country the Philippines could be and can you imagine the Filipinos regaining the “Pride”, respect and discipline we once had in the 60’s.
To view the video clip, click on :
As a follow up to the above’s article on Foreign Direct Investment, I’ve included the article from Business Mirror’s correspondent, Daphne J. Magturo on how the Philippines has emerged as among the top foreign direct investment destination in East Asia but value of inflows still paled below our Southeast Asian neighbors…..
THE PHILIPPINES has emerged anew among top foreign direct investment (FDI) destinations in East Asia, beating global and regional growth rates besides, but value of inflows still paled against those of comparable Southeast Asian peers, the United Nations Conference on Trade and Development (UNCTAD) said in its World Investment Report 2015 released yesterday.
Thank you for taking the time to read this article and as early as now, just reminding you to please vote wisely on the upcoming elections in 2016, take note of the government officials who have done well for the country and the ones who have done well for “themselves”.
Personally, i believe that qualifications to run as a politician in the Philippine Government should be revised and implemented strictly for the good of our nations rather than just being “popular” to the masses. They should be graduates at the least and better yet, graduates with Law Degrees.
Finally, please take the time to find out which politicians are holding back on foreign direct investment rulings in the country, is it because of personal gains ? I believe this discussions / hearings on Foreign Direct Investments are public records and one can see who amongst these government politicians have been against this.
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Robert G. Sarmiento Properties
Professional Affiliation :
Philippine Association of Real Estate Boards
Member, City of Taguig Real Estate Board 2016, 2017
Real Estate Broker’s Association of the Philippines
President, Greenhills Chapter 2008, 2009
Philippine Association of Real Estate Brokers 2000-2015
San Juan Mandaluyong Chapter 1998, 1999
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