RP among most restrictive in foreign investments
Protectionism in the 1987 Philippine Constitution = Oligarchs Benefits..by Roderick T. dela Cruz
THE World Bank has listed the Philippines as among the world’s most restrictive countries in allowing foreign capital into the economy.
“Among the 87 countries covered by the Investing Across Sectors indicators, the Philippines imposes foreign equity ownership restrictions on more sectors than most other countries,” said a new World Bank report called Investing Across Borders 2010.
The Philippines was lumped along with Ethiopia and Thailand with an indicator score of 0 for several sectors.
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The Philippines, along with Bosnia and Herzegovina, are listed as the only nations that do not allow foreign companies to lease public land. The Philippines also received poor scores for imposing ownership limitations on many industries, in particular on the primary and service sectors.
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The study notes that two additional procedures are required exclusively of a foreign-owned company establishing a subsidiary in Manila: an authenticated and legalized copy of the documents of the parent company abroad and another set of registration documents with the Bureau of Customs.
“This registration usually takes 27 days,” the report says.
It says the Philippine Constitution also prohibits foreign companies from buying land and the best option available is to lease private land. A foreign company’s exercise of rights over the land such as subleasing, subdivision, or making improvements is limited by the terms of the lease contract.
1987 Philippine Constitution: Article XII National Economy and Patrimony
Debate and Discussion...? Ok, read it here..
In the News: RP Among Most Restrictive in Foreign Investments (Manila Standard, Jul 8, 2010) | Anti-Pinoy : World Edition
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Can't you imagine dili daw pwede maka own ug ownership ang isa ka foreign investor na mu labaw sa 40% ug dapat ang 60% kaysa Pinoy ra daw...
No wonder, Daghan instant milyonaryo na negosyante.. at the same hinay2x ug pang hawa mga investors..
Hmmm... Kanus.a pman kaha ma usab atong Constitution..? It only proves BLOATED ug OUTDATED na najud ang 1987 Constitution courtesy of PENoy's Mother creation...
So Con-Ass or Con-con..?
Results 1 to 10 of 151
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07-11-2010, 03:21 AM #1Elite Member
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MERGED: RP among most restrictive in foreign investments?
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07-11-2010, 11:42 AM #2C.I.A.
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mao ni ngano usbon ang constitution. unfair kaayo ni sa foreign investor na sila pa ang mumuhunan ng dako. daghan na pud foreigner naghawa diri kay di sila magkasinabot sa ilang local partners. we are not really attractive to foreign investor.. dako atong minimum wages compared to other country, mahal pud ang utility cost diri, plus this restriction pa gyud.
pati ang issue of foreign land ownership. the more factory build the more job. if other countries allowed it why not here, we are a democratic country.
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07-11-2010, 01:48 PM #3Elite Member
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^ Ginahan kaayo ta ug POVERY ERADICATION and yet the Constitution is very restrictive of Foreign Investments which is the most important source of employment and income. Dle jhud na nato ma-achieve ang 1% poverty kung dle ni usbon ang constition. Noy should've seen this flaws from the start and since he's an Aquino, it should now be him to change the 1987 Constitution of her mother and make the Philippines a pro-foreign investment country.
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07-11-2010, 02:15 PM #4C.I.A.
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yeah... i think the 1987 constitution has to be amended. very outmoded na. If the foreigners are willing to invest in the philippines, they should be able to lease public land! LEASE ra man. dili man palit bah!
Also foreign investors should be allowed to have majority control of their companies. Take for example what happened to NISSAN Philippines late 80s early 90s. They came out with Nissan Sentra. Minority lang mga hapon. so what did the filipino partners do? they cut corners. sourced substandard components. what happened after? daghan kaayo na guba na front suspension systems sa mga sentra. so nissan got bad reviews. people didn't buy nissan cars because they know na dali maguba ang front suspension.
then the japanese took over. I dont know how. but they got control. and they came out with the sentra series III. unya durable naman. so medyo okay na ang reputation sa nissan ron.
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07-11-2010, 03:44 PM #5C.I.A.
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I think it's because of vested interests. Powerful families who enjoy a monopoly do not want foreign competition. This is very bad for the population because lack of competition translates into higher than necessary prices for goods and services. A genuinely free market means better choice, reduced prices and improved quality. I also believe that reducing obstacles to foreign investment would quickly provide massive employment opportunities the likes of which have never before been experienced here.
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07-12-2010, 12:51 AM #6Elite Member
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I even hate this Leftist group and the commies kay hadlok daw sila sa foreign investors... No wonder hilig sila mag rally imbes mang trabaho ug sakto...
Kusug pa raba kayo mu ingon "Tuta ng Kano.. blah blah blah"
nya mu linya mn diay sa US Embassy para mu kuha ug Visa.. astang mga baga jud mga nawong..
hala sige.. balik jud ta ani ug Stone Age..
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07-12-2010, 02:34 AM #7+1
Originally Posted by boom_box
sakto jud ka brad!
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07-12-2010, 08:22 AM #8C.I.A.
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ka pa-it sa pinas oi,,tungod man gud sa ka grabe ka corrupt, I hope with the new administration ma usab na ang imahen sa pinas
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07-12-2010, 09:24 AM #9Elite Member
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Originally Posted by boom_box
Definitely true...
The 1987 Constitution needs amendments particularly its provision regarding economic matters. Philippines needs to attract foreign investors, for us to compete in Global Markets. The more the investors, the more local jobs it would create...
Hong Kong, Taiwan, Dubai, Singapore... These are business hubs in Asia. Their foreign policy particularly investing in their countries/territories worked, thus their local economies skyrocketed...
Ang Pinoy gud, dili gusto malamangan!
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07-12-2010, 09:33 AM #10C.I.A.
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aren't we the same people complaining nga insik ray ga-tag-iya daghan sa mga dagkong negosyo diri?? Originally Posted by boom_box
is having a 60% bad than a 0% filipino ownership?
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