Pano mg kA INVESTOR ANG BANSA NA MARAMING DRUGA?? WALANG INFRASTRUCTURE NA PROJECT C BBM.. PROPAGANDA LANG ITO..3 YEARS NA SIYA MARAMI NG BUSINESS ANG UMALIS KC MKI PAG WAR SIYA..BOBO N MGA LOYALISTA ANG MANIWALA
I fully agree that US investments in the Philippines continue in IT-BPM, Semi Conductors (chips), Renewable Energy: Solar, Wind & Small Nuclear models, and Agriculture ( food). Infrastructure development and defense and security. Investments in the mitigation of climate change.
well this is long overdue US invested so much in countries that they consider enemies and only invested on their other allies or countries that unsure if they would betray america meanwhile Philippines is a very loyal country i hope this time they dont fail the country
In my opinion the most priority investment area right now for the PH is in energy (electricity), manufacturing and hard infrastructure (roads, bridges & low cost housing)
@@SamuKhan-e9wyou think he can solve the flooding problem in just 2 years. Even many administrations in the past 20 years had failed to solve the flooding problems!
@@alma09876 im talking about food price. now you speaking about flood control yes because 20 years is far too long for that. also bgc shows already how it works the flood control. i am also not talking about perfect flood control but at least the system works according to the budget. the astronomous budget release should par on quality that product works. one problem is sierra madre does the government check that mountain frequently?
I do agree with all extent with where this is going, especially to counter the growing instability in our seas, as a filipino, I do see what we are capable of if we are united, and from now and onwards, I will be expecting this connection to be more than it was, more robust, I am absolutely thankful for Pres. Biden, and Pres. Marcos, for this, security and stability where we need to improve more about what we can make rather than we cant make, this is history in the making.
Thank you President Biden but the coming Trump admin might exploit and take advantage of us pinoys. Remember, trump and Musk are businessmen and their primary goal is profit (corporate greed and power)
Thanks United States, for investing in our country considering we are one, as culturally, a democratic value , strong spiritual tight up as as Christian and family.
My stab on the question about why Luzon corridor? Bec as an investor you want your investment to have more milage and advantage with its already existing infra. Now once the investment grows and progress more then spillover happens and spreads more outside that corridor and towards other places in the PH. But investing to a region with more capex due to lesser infra then the return will be less (due to opex) and future expansion will be less and slower as well for growth. Be patient mga kabayan. What is important is vote wisely, responsibly and peace and unity to prevail, thinking of the future not with short sightedness of politics and avoid destabilization para sa atin din ito.
This is how i view it. Private US corporations don’t want to invest in the Philippines bec they see it to be an expensive destination to do business. It cuts to their bottom line in terms of shareholder values and CEO compensation. So they gravitate towards Vietnam, Thailand, Malaysia, Indonesia, etc. Colgate left and now my toothpaste is made in Thailand. Ford and Chevrolet? Made in Thailand. There is hardly any consumer products that are made in the Philippines. Most are made in Thailand, Malaysia, Vietnam and Indonesia. Intel left and moved its operations to another SEA country. They’d rather invest in Vietnam. While the Philippines shares the US’ democratic and religious values, it gets peanuts in terms of FDI. And we need manufacturing FDI since long term stable jobs are there.
US companies DON'T care about the democratic and religious factors. What they care most are the cost and ease of doing business, cost of electricity, and stability of government.
As a filipino and living here in the phils this is all true...i have worked in intel phils for 12 years and they really gives good compensation,benefits sadly intel left phil to china..only texas intrument is still engage in the phil and its going strong..
Us only talk lol you can even see US infrastructure in Philippines,if they have infrastructure only for military that's the reality also they have only in Luzon ,
@@030citynyahaha you don't know to use scheme like neighboring countries have 😂😂 , Philippines alway lag behind 😂😂 surpass buy Vietnam,next gonna be combodia hahaha being a dog on US and China 😂😂 hahaha
@@030cityyou don't now how to use scheme like neighboring countries have 😂😂 surpass buy Vietnam next gonna be combodia 😂😂 being a dog on US and China 😂😂
A very such so Grateful Welcome home to the Philippines Hon. US~PHILIPPINES Investments and Development Facilities Appropriation partner; Have a good day and God Bless. Thanks! I LOVE YOU ALL YOURS PRESENCES❤❤!!
Excuse me but Cebu's infra for the past decades was never from the National govt. but from our very own PPP. This sounds so unfair knowing that we have the biggest tax outside NCR and is being distributed unfairly. So we need more money for fairness.
The True God will Help and Bless, USA 🇺🇸 and Philippines 🇵🇭. I give thanks to God The Father Almighty Creator of Heaven and Earth and the Sea, Through He's Beloved Son Jesus Christ, and I give thanks to USA 🇺🇸 investors, I say again God Jesus Christ Bless USA 🇺🇸, and Philippines 🇵🇭, Amen.
As filipino i always notice that whenever philippines got closer to china i can feel the discomfort of the united states, if the U.S do not want the philippines to get closser to china then provide philippines the economic and infra. that we need, i will always agree your military base here and troops here but atleast help us on economic side because our economy is always control by china, just recently they stop exporting our banana's, pineapple, durrian and they gave it to vietnam and malaysia, so i hope you help us on economic side.
As what as the speaker said, the US has contributed more investments than China. But due to Chinese propaganda, it always highlights that China is the number 1 investor. 1.3 million Filipinos are employed by the BPO (Business Process Outsourcing). How many are employed under Chinese investments?
You should not be saying this if you are living in Calabarzon, Clark, Cebu, and other places with PEZA, very few legal Chinese manufacturing companies operate inside PEZAs. The manufacturing sector shares 17% of GDP. It's always Japan, Korea, the US, and Germany. It's always good to read and watch the news. As someone who worked in Manufacturing for 15 years, I have never heard of a Chinese company paying for good salary inside any PEZA here. All companies inside PEZA are a result of foreign investment. BPO, which provides 7.5% of GDP is majority Americans, right? People only see Chinese products in the market but are not aware of the US impact on the economy. Another sector that is not known to many is the "work from home" sector. There is no data on this as of yet but if you are a WFH worker, you should know this is a billion-dollar industry. And all of the clients are from the West.
First of all, “OUR ECONOMY IS NOT CONTROLLED BY CHINA”. Get your facts right. We are fully diversified economically not only having partners with just one country, i.e. China or the US. Portions of those exports of perishable goods that you mentioned was cancelled by China doesn’t affects the economy as a whole. Exporters were affected yes, but it doesn’t stopped our economy from growing. Our economic growth can only be successful if we Filipinos works together for the better good not by self interest.
@@vareseources What I'm saying are the Philippines need hard infra. Like railways, bridges. Imagine if subways is build 10yrs ago and the other ongoing railways project. Also the Mindanao railways need to be started, and areas in visayas like cebu, if you want regular filipino to feel the U.S and it's allies you those infrastructure. My fear is when Sara win in 2028 and she is the one who can implement the railways in Mindanao and visayas using china, then that's a big blow to the U.S in my opinion, because they can leverage that to build up Chinese propaganda. And now Vietnam already overtaken the Philippines in terms of per Capita income and mostly thier hard infra were coming from china, if Vietnam overtaken Philippines completely using Chinese, then thier will be a perception to the public that the U.S is not enough.
I see a lot of Filipinos that are skeptic of US investment when it literally is our government preventing this to happen. High degree of corruption, bad infrastructure, expensive electricity, and that 60-40 ownership barrier has prevented major investments in the country. They would rather invest in a non-ally like Vietnam.
Coz Vietnam has a lot to offer to investors..... The Philippines has none. Philippines has the highest electricity rates in SEA, slow internet, bad infrastructure to name a few....the Philippines is hopeless, this press conference is nothing more than a lip service😅
The Americans should not just issue press releases but rather should start make concrete plans. The American government has enormous power to incentivize American technology corporations to invest big in the Philippines in semiconductor(moving up the hierarchy) , data centers and AI innovations. Japan is already the biggest investor in the Philippines.The Japanese walk the talk unlike the Americans thus far.Because of this the Philippines is grateful to the Japanese and will further liberalize its economy to make Japanese investments in the Philippines even more profitable. As allies and longest trade partners the Americans ought to invest most heavily in the Philippines in all of ASEAN.Both America and the Philippines share similar democratic values. Other areas of investment are in nuclear and renewable energy,battery and EV production,industrial-scale mechanized agriculture farming, mineral resource harnessing, shipbuilding(together with Japan or South Korea),telecommunications and internet technology and education in science and technology . America can start with importing agricultural produce 5x of the current turnover and 10x of the electronics' current turnover.There's no shame in asking America this as both are true partners. It's been 3 decades since the Americans were asked to leave and dismantle their military bases in Philippine soil and since then America has largely ignored the Philippines' dream of economic development. The Americans have shown that they can be merciless too but still the Filipinos remain to be a forgiving people.But enough of that ,let's turn a new page and make this be a beginning of true partnership where both countries can benefit.
I've worked in the food and fastfood industry most of my working life. Please include the positive impact of McDonalds, Dunkin Donuts, Pizza Hut, Dominos, Taco Bell, Wendy's, Chili's and many other brands that companies originated from the US and clearly Filipino consumption also contributes to both the US and Philippine economies.
The goverment shld look to the constitutional laws that prohibits investor in coming in,it needs to be updated giving favorable benefits to Philippines
Recent USA supports Economic development to Ph. Archipelagic nation like Ph is very much important in USA. Specially China vested interested our country to grab anything that give to China edges in our world strategic location.
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This presentation shouldn't have been necessary in the first place, the fact that this presentation occurred means the US-Philippines alliance is dysfunctional and in need of critical improvement.
@@itsmekj3325actually it's favored some Filipino business tycoons because they could control the economy of business. Of course politicians have to be blamed for this since the Philippines Constitution is stupid and full of loopholes and it serves only those people and politicians who are greedy enough to devour the entire economy and future of the Philippines. But thanks to the present government administration even though it faces constitutional and policies restrictions it strived to encourage Foreign Direct Investment thru economic reforms and amendments. And it also encourages local tycoons to be international competitive and think globally. I hope the Filipino citizens will stop over politicking and amend their constitution and policies.
Elon and mark Z.and bill gates is investing to the Philippines 🇵🇭 I think is a gate way for them to get away from US because of the democrats is ruining the country of America and companies that's why alot of companies are going out of business period....
@@raptorgonzo4666 actually the price of electricity from other countries such as SEA is much more expensive than the Philippines. The only thing that these countries have an edge in regards to the price of electricity is that their electricity price is one way or the other subsidized by the government. The Philippines as of this time could not do it due to economic restrictions and of course you have to blame those people and politicians who destroyed the Philippines Electric economy after the ouster of then President Marcos Sr. It's a fact and it's very sad.
Comparison should be apples to apples or orange to oranges,,,,who really gets what and where do these investment really end up setting manufacturing industries or others....
We Welcome All The Investments Of US Companies As Well As All Friendly Nations To The Philippines. We Will Assure All Of You That You Will Not Regret Investing In Philippines, Highly Educated Manpower, Strategically At The Heart Of Asia For Logistic Advantages, Warm And Friendly People & Most Especially Friendly Investment Climate Laws.
We are ready now but for us to develop factories in the Philippines has issues, lack of professional tech engineers to work on high tech machines, raw material supply chain issues and dishonest suppliers. We do have hope so will keep looking at the Philippines.
Hmmmmm, imagine if the U.S. was patient enough, and respected the Filipinos, they could have taken the islands and joined the union. The rich natural resources of this island are enormous. They could have the most beautiful island in the world. The Philippines is sitting in the most strategic place in the world. Could have controlled the region including China and tripled their economy. The best the U.S. can do now is to make this country their foothold in Asia to counter and show the ASEAN that there is a true alternative over the loan shark BELT AND ROAD INITIATIVES of China. If the U.S., Japan, and South Korea failed or demonstrate to advance the Philippines, the U.S. is done in Indo Pacific region.
It is not patience. The fruit companies wanted to protect their slave labor and racism in the US at the time would not allow a non-white territories to be come states. That is why DR and Haiti are also not part of the US
US gives the PH a chance to join as one of the state. But with the influence of oligarchic businessmen and dynastic family to make sure to hold power in PH, Filipinos voted not to join. As history shows, they succeed controlling PH.
The cost of energy is killing the ordinary Filipino. The Philippines needs investments that provide massive employment. "Walk the talk"... ."Iron Clad Security...Pres. Obama.
US should help us in the economic front by investing in key industries like the chips supply chain and stop all efforts of other sectors to interfere in the political front. Stop all the propaganda about the West Philippine sea.
The Phil government I think needs to legislate 12 years economic program to all sectors such as, Energy, Transportation, manufacturing, Insfracture, cyber security, shipping etc. And will be subject to implement whoever elected president . The government should also adopt incentive to attract more american investor.
I hope they will bring back the US Navy recruitment for the filipinos, for sure filipinos could help the recruitment crisis that the US military is having right now. 🙏❤
@tessrnwannagoplaces1995 how about filipino people that has family in the US but can't be petitioned anymore because they're already over age? I mean joining the US military is a great option for them to be with their family right?
The Marcos Jr Administration has already awarded nearly 1000 power service contracts since July, 2022, many in the area of renewables. There are less brownouts now and the cost of electricity no longer reaches 17-22 pesos per kwh unlike before when some places in the Philippines were hit with power costs that high.
@@walterperry4565 A number of the power service contracts are now online, many are in different phases of construction, and most would be finished by 2027-2028. Great news indeed.
we need nuclear to produce more power and get rid of coal. imagine we import coal yearly roughly $700m i was shock, where if we get nuclear we will only spend like $20m, so much savings.
It is a pity that we are getting a miniscule amount of foreign investments as compared to Vietnam. Our government should make it a priority to lower the cost of electricity as it is one of the most expensive in the region.
Actually in the Phil.when we find out that a factory is own by Chinese we are having second thoughts. There were times before that suddenly one morning when you go to work without any announcement the factory is gone. Machines are gone. And then the people are already begging for there pay. We like more American company hopefully but it very few here in the Phil.
Lower the cost of electricity thru small nuclear pplants....and gather pilipino local suppliers for defense and tech sector...develop AI companies in the phil to supply US and EU
Vietnam and Philippines are the only ASEAN countries that standing up to China because their economies are not controlled by China 😁 Look Malaysia 😂 Malaysia is already a province of China 😂😂😂 and Cambodia and Laos.
To be fair,, what about the US advantage on your investment in PH,, do not downgrade PH because you invest in it,, US have more advantage in PH rather than PH have advantage on US market,,
It's about time to decouple from China. Source out our products from ASEAN and other countries if we don't have one. But it is better if it is made locally.
American promises are double standard. Very difficult to understand when it comes to business agreements. Who is very good on suing, breaching agreements, patenting others' invention and sanctioning other countries? Need to learn.
He said that "EXPENSIVE LABOR" is a roadblock to investment in the Philippines. IS HE SERIOUS? Does he want to even lower the very low minimum wage already? 😊
Labor isn't that expensive but the cost of doing business is caused by the economy that is too much regulated that only the oligarchs benefit known as rent seekers. Get rid of rent seekers and you'll see your economy expands and create more jobs for even more competitive salary offers.
@BatAskal not true. Thailand, Indonesia and Vietnam all has limits to foreign ownership also. Philippines is doing well, growing at 6 percent up for 2 decades already beating it's neighbours. BGC is just 20 years old and it's the MOST modern little city in the world. More BGC like mini cities are coming. 😊
@@JoeyZee-vs4kr Let them have their foreign ownership limits but let's think outside of the box. Philippines can unlock so much more economic potential if there is no foreign ownership limits of businesses. It encourages Filipinos to innovate and form start up companies faster and improve our supply chains due to increased capital formation by further bringing down the costs of doing businesses and increase competition in wages and salaries. It also forces the rent seekers to 'earn their paycheck' by investing more into industries and not concentrate too much on real estate to keep themselves competitive.
@BatAskal foreigners can own 100 percent of their business if they locate in PEZA or special economic zones in Philippines. Philippines is doing fine except in semi conductors where it's only in assembling business and not into pure manufacturing. I hope this is where America should help.
@@JoeyZee-vs4kr America can only help promote Philippines for their investors. Philippines has to do a lot more of its homework to convince these investors that it is the best place to do business and not Vietnam, Indonesia or India. So far with all these investment sweeteners the government has been promoting, it isn't really convincing them enough to risk their supply chains in the Philippines getting disrupted by government corruption, legal uncertainties, unstable political environment, unresolved labor disputes, intermittent power issues and inadequate infrastructure that allows them to scale up their production. Philippines got no 'collateral' like China or India with their massive population for a potential market of their products. Add in too much regulation in contravening the laissez faire principle in favor of the economic elitists (aka rent seekers) and you have every reason the investor is not willing to put their money to expand their businesses.
If only govt can subsidize the electricity like in other sea country for sure investors will flock to our country. but i guess there are restrictions. filipinos don't understand this keep comparing us to Vietnam where they don't know that Vietnam electricity is heavily subsidize by their govt, so they have an edge on attracting investors. Now they plan to subsidize electricity on charging stations for EVs to promote EV vehicles..
If the US really want a prosperity Philippines, they should invest long time ago as their military bases there. Why only talk about it now. I bet they don’t want to see Philippines getting rich which may affect the exist of their military bases.
BRICS is aimed at empowering China. The Philippines does not require China’s support. During Duterte’s administration, China promised to loan $35 billion to the Philippines, but it was only talk without action.
It's actually insulting that the US startup ecosystem invests more in Vietnam, Malaysia, Singapore etc... PH is currently an after thought. 1 million died fighting alongside the US in WW2 and got nothing in return. Hope that now the US realises how valuable PH can be and start to encourage PROPER investments in PH and nudge their VC and other multinationals to invest in a long time ally.
Blaming another country’s choice of where to invest isn’t the main issue that you should consider. The policies/ conditions the Philippines government imposes on prospective investors is the main hindrance to committing to a major investment in the country.
Philippines is an agricultural country. It has massive unproductive lands across. Make wealth out of these lands like neighboring countries like Taiwan and etc. Select the best person for ministry of agriculture. IMO
Well! If you're currently using a Chinese brand Smart Phone... then... don't be shocked anymore 🫨😲.... they've been hacking a lot of phones lately.... Especially, those who uses Huawei Phones and Mi Series Phones.😢
Now tha american Oligarchs who have tortured and controlled the economy in the Philippines, now is the time for the people of the Philippines to be held accountable by our dear president,
Godbless America invest in baguio city your city offers more sustainable economic growth and employment for the younger generation…your city is also known for educational city of the north its also has growth expand by medical care it gives medical care for the inter provinces for government hospitals accommodation …temperature for manufacturing is better more mabuhay American 🇺🇸Pilipinas…we have been using also star-link and it can scope more because of our position…
I hope the US and its allies shouldn't be investing in non-market economies that are run by communists. They should have learned invaluable lessons from their mistake with China. Supporting the Philippine as it's long-standing ally should be their priority.
Without the Oversea's Filipino Workers , the economy of the Philippines will SHUT down! The government of the Philippines is full of corruptions ! Enough of mining in the Philippines !
God Blessed Philippines and God Blessed America 🇵🇭🇱🇷
Praise God for this great blessings...
Yes, I agree with the speaker. My 2 children in the Philipines are employed by US companies & they are well paid by these companies.
Mga manggagawang Pilipino pagbutihin nyo para manatili ang tiwala ng mga foreign investors sa Pilipinas. Wag puro kalokohan. God bless 🙏
Pano mg kA INVESTOR ANG BANSA NA MARAMING DRUGA?? WALANG INFRASTRUCTURE NA PROJECT C BBM.. PROPAGANDA LANG ITO..3 YEARS NA SIYA MARAMI NG BUSINESS ANG UMALIS KC MKI PAG WAR SIYA..BOBO N MGA LOYALISTA ANG MANIWALA
What the heck !
I am a working Pinoy here in NCR and I ageee with the speakers.
Thank you for that comprehensive US Investments analysis in the Philippines.
good luck...PH-U.S...god bless us....🍀🍀🍀🍀🍀🍀🍀🍀
Great! Thank you, Uncle Sam. ❤
I fully agree that US investments in the Philippines continue in IT-BPM, Semi Conductors (chips), Renewable Energy: Solar, Wind & Small Nuclear models, and Agriculture ( food). Infrastructure development and defense and security. Investments in the mitigation of climate change.
God bless America, Philippines and Israel......
Thank you so much for Trusting Philippines 🫶🏻 May Bless Philippines 🇵🇭 & USA 🇺🇸 🙏🏻🫶🏻
well this is long overdue US invested so much in countries that they consider enemies and only invested on their other allies or countries that unsure if they would betray america meanwhile Philippines is a very loyal country i hope this time they dont fail the country
Too late, they heavily invested in other southeast asian country and India.
ITS ALL PROPAGANDA,, BUDOL BUDOL,,,,,, SANA NOON PA TAYO MALAKAS AT MAYAMAN KUNG TOTOO YAN,,,
In my opinion the most priority investment area right now for the PH is in energy (electricity), manufacturing and hard infrastructure (roads, bridges & low cost housing)
Which is the president is focusing right now. But it takes time to build all those kinds of infrastructure.
Also to redeveloped the slum areas.
@@maggieeugenio9848 he forgot to control the food problem. that is more vital because everyone eats!
@@SamuKhan-e9wyou think he can solve the flooding problem in just 2 years. Even many administrations in the past 20 years had failed to solve the flooding problems!
@@alma09876 im talking about food price. now you speaking about flood control yes because 20 years is far too long for that. also bgc shows already how it works the flood control. i am also not talking about perfect flood control but at least the system works according to the budget. the astronomous budget release should par on quality that product works. one problem is sierra madre does the government check that mountain frequently?
Thanks again USA for shaping up our economy ❤🤗🥰👍
I do agree with all extent with where this is going, especially to counter the growing instability in our seas, as a filipino, I do see what we are capable of if we are united, and from now and onwards, I will be expecting this connection to be more than it was, more robust, I am absolutely thankful for Pres. Biden, and Pres. Marcos, for this, security and stability where we need to improve more about what we can make rather than we cant make, this is history in the making.
China kept the Filipinos divided.
@@SAM_Felipewith Dutertes help
marcos jr sucks
@TheFlagUnit you suck
Thank you President Biden but the coming Trump admin might exploit and take advantage of us pinoys. Remember, trump and Musk are businessmen and their primary goal is profit (corporate greed and power)
Brilliant discussion.
Thanks United States, for investing in our country considering we are one, as culturally, a democratic value , strong spiritual tight up as as Christian and family.
TRUST IS THE FOUNDATION OF ALL SUCCESS IN INVESTMENTS TRANSACTIONS. GOD BLESS THE USA AND GOD BLESS THE PHILIPPINES. MABUHAY.
My stab on the question about why Luzon corridor? Bec as an investor you want your investment to have more milage and advantage with its already existing infra. Now once the investment grows and progress more then spillover happens and spreads more outside that corridor and towards other places in the PH. But investing to a region with more capex due to lesser infra then the return will be less (due to opex) and future expansion will be less and slower as well for growth. Be patient mga kabayan. What is important is vote wisely, responsibly and peace and unity to prevail, thinking of the future not with short sightedness of politics and avoid destabilization para sa atin din ito.
This is how i view it. Private US corporations don’t want to invest in the Philippines bec they see it to be an expensive destination to do business. It cuts to their bottom line in terms of shareholder values and CEO compensation. So they gravitate towards Vietnam, Thailand, Malaysia, Indonesia, etc. Colgate left and now my toothpaste is made in Thailand. Ford and Chevrolet? Made in Thailand. There is hardly any consumer products that are made in the Philippines. Most are made in Thailand, Malaysia, Vietnam and Indonesia. Intel left and moved its operations to another SEA country. They’d rather invest in Vietnam. While the Philippines shares the US’ democratic and religious values, it gets peanuts in terms of FDI. And we need manufacturing FDI since long term stable jobs are there.
Yes, I agree with you. Philippines needs a more liberal free market. They need American and Euro and other foreign investments.
US companies DON'T care about the democratic and religious factors. What they care most are the cost and ease of doing business, cost of electricity, and stability of government.
nice presentation! thank you for this research
As a filipino and living here in the phils this is all true...i have worked in intel phils for 12 years and they really gives good compensation,benefits sadly intel left phil to china..only texas intrument is still engage in the phil and its going strong..
The first 4 countries have more faith in the Philippines as an investment destination.
Philippines ❤U.S. japan, south korea,E.U.Aus.New Zealand,Canada,nice same like minded nations , welcome ❤
tanks us...come to the phils and explore wat the best to the us and also benifits the plhils...
Us only talk lol you can even see US infrastructure in Philippines,if they have infrastructure only for military that's the reality also they have only in Luzon ,
@@Figures14haha alipores ka ni Dutae not surprising 🤣
@@030citynyahaha you don't know to use scheme like neighboring countries have 😂😂 , Philippines alway lag behind 😂😂 surpass buy Vietnam,next gonna be combodia hahaha being a dog on US and China 😂😂 hahaha
@@030cityyou don't now how to use scheme like neighboring countries have 😂😂 surpass buy Vietnam next gonna be combodia 😂😂 being a dog on US and China 😂😂
@@030cityyou don't know how to use scheme like neighboring countries have 😂😂 surpass by Vietnam next gonna be combodia hahaha 😂
A very such so Grateful Welcome home to the Philippines Hon. US~PHILIPPINES
Investments and Development
Facilities
Appropriation partner;
Have a good day and God Bless. Thanks!
I LOVE YOU ALL YOURS PRESENCES❤❤!!
Start building infrastructure, Angeles, Bacolod, Iloilo, CDO, Gen San are available aside from metro Cebu, Davao areas
I agree with you, every province or region in the Philippines should have a metro city/ies.
Excuse me but Cebu's infra for the past decades was never from the National govt. but from our very own PPP. This sounds so unfair knowing that we have the biggest tax outside NCR and is being distributed unfairly. So we need more money for fairness.
Or better yet: Bulacan, Rizal, Laguna, and Cavite. Areas near to the biggest consumer market in the country.
@@clownman9404only the Cebu-Cordova Bridge was PPP of Cebu government. The many projects were all funded by the national government.
@alma09876 nope
ito ang dapat makita ng tao economic investment
The True God will Help and Bless, USA 🇺🇸 and Philippines 🇵🇭.
I give thanks to God The Father Almighty Creator of Heaven and Earth and the Sea, Through He's Beloved Son Jesus Christ, and I give thanks to USA 🇺🇸 investors, I say again God Jesus Christ Bless USA 🇺🇸, and Philippines 🇵🇭, Amen.
Your savior is a colonizer,citing Jesus for the country is utter blasphemy,thePhilippines is to be cursed😡
As filipino i always notice that whenever philippines got closer to china i can feel the discomfort of the united states, if the U.S do not want the philippines to get closser to china then provide philippines the economic and infra. that we need, i will always agree your military base here and troops here but atleast help us on economic side because our economy is always control by china, just recently they stop exporting our banana's, pineapple, durrian and they gave it to vietnam and malaysia, so i hope you help us on economic side.
usa doesn’t help with economics they only build bases
As what as the speaker said, the US has contributed more investments than China. But due to Chinese propaganda, it always highlights that China is the number 1 investor. 1.3 million Filipinos are employed by the BPO (Business Process Outsourcing). How many are employed under Chinese investments?
You should not be saying this if you are living in Calabarzon, Clark, Cebu, and other places with PEZA, very few legal Chinese manufacturing companies operate inside PEZAs. The manufacturing sector shares 17% of GDP. It's always Japan, Korea, the US, and Germany. It's always good to read and watch the news. As someone who worked in Manufacturing for 15 years, I have never heard of a Chinese company paying for good salary inside any PEZA here. All companies inside PEZA are a result of foreign investment.
BPO, which provides 7.5% of GDP is majority Americans, right? People only see Chinese products in the market but are not aware of the US impact on the economy.
Another sector that is not known to many is the "work from home" sector. There is no data on this as of yet but if you are a WFH worker, you should know this is a billion-dollar industry. And all of the clients are from the West.
First of all, “OUR ECONOMY IS NOT CONTROLLED BY CHINA”. Get your facts right.
We are fully diversified economically not only having partners with just one country, i.e. China or the US.
Portions of those exports of perishable goods that you mentioned was cancelled by China doesn’t affects the economy as a whole. Exporters were affected yes, but it doesn’t stopped our economy from growing.
Our economic growth can only be successful if we Filipinos works together for the better good not by self interest.
@@vareseources What I'm saying are the Philippines need hard infra. Like railways, bridges. Imagine if subways is build 10yrs ago and the other ongoing railways project. Also the Mindanao railways need to be started, and areas in visayas like cebu, if you want regular filipino to feel the U.S and it's allies you those infrastructure. My fear is when Sara win in 2028 and she is the one who can implement the railways in Mindanao and visayas using china, then that's a big blow to the U.S in my opinion, because they can leverage that to build up Chinese propaganda. And now Vietnam already overtaken the Philippines in terms of per Capita income and mostly thier hard infra were coming from china, if Vietnam overtaken Philippines completely using Chinese, then thier will be a perception to the public that the U.S is not enough.
I see a lot of Filipinos that are skeptic of US investment when it literally is our government preventing this to happen. High degree of corruption, bad infrastructure, expensive electricity, and that 60-40 ownership barrier has prevented major investments in the country. They would rather invest in a non-ally like Vietnam.
The existence of the leftist labour union led them to pack up & transfer to other SEA countries as well.
Coz Vietnam has a lot to offer to investors..... The Philippines has none. Philippines has the highest electricity rates in SEA, slow internet, bad infrastructure to name a few....the Philippines is hopeless, this press conference is nothing more than a lip service😅
The Americans should not just issue press releases but rather should start make concrete plans. The American government has enormous power to incentivize American technology corporations to invest big in the Philippines in semiconductor(moving up the hierarchy) , data centers and AI innovations.
Japan is already the biggest investor in the Philippines.The Japanese walk the talk unlike the Americans thus far.Because of this the Philippines is grateful to the Japanese and will further liberalize its economy to make Japanese investments in the Philippines even more profitable.
As allies and longest trade partners the Americans ought to invest most heavily in the Philippines in all of ASEAN.Both America and the Philippines share similar democratic values.
Other areas of investment are in nuclear and renewable energy,battery and EV production,industrial-scale mechanized agriculture farming, mineral resource harnessing, shipbuilding(together with Japan or South Korea),telecommunications and internet technology and education in science and technology .
America can start with importing agricultural produce 5x of the current turnover and 10x of the electronics' current turnover.There's no shame in asking America this as both are true partners.
It's been 3 decades since the Americans were asked to leave and dismantle their military bases in Philippine soil and since then America has largely ignored the Philippines' dream of economic development. The Americans have shown that they can be merciless too but still the Filipinos remain to be a forgiving people.But enough of that ,let's turn a new page and make this be a beginning of true partnership where both countries can benefit.
Its already happening brother, we are already creating semiconductors.
@@jonarldpiloton8132yea, Texas Instruments in Baguio since 1970's. They're investing $1 billion in the Philippines instead of China.
@jonarldpiloton8132
We're at the testing and assembling
level.We need to scale up and do fabless at least around 40 to 65 nano.
I hope those things will be realized and filipino people can feel the positive impact not to pockets of corrupt individuals.
Ang tagal na yan hanggang ngayon discussions pa rin?
I've worked in the food and fastfood industry most of my working life. Please include the positive impact of McDonalds, Dunkin Donuts, Pizza Hut, Dominos, Taco Bell, Wendy's, Chili's and many other brands that companies originated from the US and clearly Filipino consumption also contributes to both the US and Philippine economies.
Government to governments and people to the people's, thanks !!!
The goverment shld look to the constitutional laws that prohibits investor in coming in,it needs to be updated giving favorable benefits to Philippines
Recent USA supports Economic development to Ph. Archipelagic nation like Ph is very much important in USA. Specially China vested interested our country to grab anything that give to China edges in our world strategic location.
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This presentation shouldn't have been necessary in the first place, the fact that this presentation occurred means the US-Philippines alliance is dysfunctional and in need of critical improvement.
The US Govt is serious about supporting the Philippines..but the US companies are investing elsewhere...
That's because the policies made by those crockies is not favorable for the investors, not even for the local Industries to expand.
Fix the electrical infrastructure first. Philippines is one of the most expensive if not the most expensive in SEA in regards to electricity.😅
@@itsmekj3325actually it's favored some Filipino business tycoons because they could control the economy of business. Of course politicians have to be blamed for this since the Philippines Constitution is stupid and full of loopholes and it serves only those people and politicians who are greedy enough to devour the entire economy and future of the Philippines. But thanks to the present government administration even though it faces constitutional and policies restrictions it strived to encourage Foreign Direct Investment thru economic reforms and amendments. And it also encourages local tycoons to be international competitive and think globally. I hope the Filipino citizens will stop over politicking and amend their constitution and policies.
Elon and mark Z.and bill gates is investing to the Philippines 🇵🇭 I think is a gate way for them to get away from US because of the democrats is ruining the country of America and companies that's why alot of companies are going out of business period....
@@raptorgonzo4666 actually the price of electricity from other countries such as SEA is much more expensive than the Philippines. The only thing that these countries have an edge in regards to the price of electricity is that their electricity price is one way or the other subsidized by the government. The Philippines as of this time could not do it due to economic restrictions and of course you have to blame those people and politicians who destroyed the Philippines Electric economy after the ouster of then President Marcos Sr. It's a fact and it's very sad.
Comparison should be apples to apples or orange to oranges,,,,who really gets what and where do these investment really end up setting manufacturing industries or others....
Can we attend the CIS lectures ?
I was wondering if they are buying properties in a small towns in Mindanao province especially ocean fronts.
We Welcome All The Investments Of US Companies As Well As All Friendly Nations To The Philippines. We Will Assure All Of You That You Will Not Regret Investing In Philippines, Highly Educated Manpower, Strategically At The Heart Of Asia For Logistic Advantages, Warm And Friendly People & Most Especially Friendly Investment Climate Laws.
Can you please give an Index of the acronyms being spoken by the panelist?
We are ready now but for us to develop factories in the Philippines has issues, lack of professional tech engineers to work on high tech machines, raw material supply chain issues and dishonest suppliers. We do have hope so will keep looking at the Philippines.
What?🦀
@@natsumidesu8019 'what' for a reply is exactly what I mean, we have this issue also in Vietnam
@@willlewis9194 👍ok understood
@@willlewis9194 dont worry phil will became the light house of the world economy and defense - indian psychic. Have you seen phil new map
I understand that Metro Cebu is having a shortage of potable water, can US investment can help to solve this problem?
Hmmmmm, imagine if the U.S. was patient enough, and respected the Filipinos, they could have taken the islands and joined the union.
The rich natural resources of this island are enormous. They could have the most beautiful island in the world.
The Philippines is sitting in the most strategic place in the world. Could have controlled the region including China and tripled their economy.
The best the U.S. can do now is to make this country their foothold in Asia to counter and show the ASEAN that there is a true
alternative over the loan shark BELT AND ROAD INITIATIVES of China.
If the U.S., Japan, and South Korea failed or demonstrate to advance the Philippines, the U.S. is done in Indo Pacific region.
It is not patience. The fruit companies wanted to protect their slave labor and racism in the US at the time would not allow a non-white territories to be come states. That is why DR and Haiti are also not part of the US
US gives the PH a chance to join as one of the state. But with the influence of oligarchic businessmen and dynastic family to make sure to hold power in PH, Filipinos voted not to join. As history shows, they succeed controlling PH.
The cost of energy is killing the ordinary Filipino. The Philippines needs investments that provide massive employment. "Walk the talk"... ."Iron Clad Security...Pres. Obama.
Damage control mode now?
OPEN FDI 100%
US should help us in the economic front by investing in key industries like the chips supply chain and stop all efforts of other sectors to interfere in the political front. Stop all the propaganda about the West Philippine sea.
The Phil government I think needs to legislate 12 years economic program to all sectors such as, Energy, Transportation, manufacturing, Insfracture, cyber security, shipping etc. And will be subject to implement whoever elected president . The government should also adopt incentive to attract more american investor.
Hoping for an Official Apple Retail Store and a Google Retail Store in the Philippines
Bring amazon to the Philippines
Already have amazon in Davao city
Walmart，target, in n out
No china product. Go US 🇵🇭♥️🇺🇸
I hope they will bring back the US Navy recruitment for the filipinos, for sure filipinos could help the recruitment crisis that the US military is having right now. 🙏❤
No, we need our own Navy
@tessrnwannagoplaces1995 how about filipino people that has family in the US but can't be petitioned anymore because they're already over age? I mean joining the US military is a great option for them to be with their family right?
yeah, pinoy as canon fodder😂
Pray that US investor will build bridge connecting Roxas City to Masbate it will help our local produce to both cities to sell vice versa.
Is there any website to find more information about Philippines economy and economic development.
try DTI that where i saw our gdp and about semi conductors also whats the most exported yearly.
Brownout, brownout,. brownout. Must be fixed.😊
The Marcos Jr Administration has already awarded nearly 1000 power service contracts since July, 2022, many in the area of renewables.
There are less brownouts now and the cost of electricity no longer reaches 17-22 pesos per kwh unlike before when some places in the Philippines were hit with power costs that high.
@rainieresguerra6519 great
@@walterperry4565 A number of the power service contracts are now online, many are in different phases of construction, and most would be finished by 2027-2028.
Great news indeed.
we need nuclear to produce more power and get rid of coal. imagine we import coal yearly roughly $700m i was shock, where if we get nuclear we will only spend like $20m, so much savings.
@critique7767 you will get if Harris is elected president of US
It is a pity that we are getting a miniscule amount of foreign investments as compared to Vietnam. Our government should make it a priority to lower the cost of electricity as it is one of the most expensive in the region.
Actually in the Phil.when we find out that a factory is own by Chinese we are having second thoughts. There were times before that suddenly one morning when you go to work without any announcement the factory is gone. Machines are gone. And then the people are already begging for there pay. We like more American company hopefully but it very few here in the Phil.
Statehood movement should be revisited 😊😊😊
The information was good, but the presentation was distracting.
Bring in Tesla superchargers (initial: Manila to Baguio route) Wafer fab. Tesla Robotaxi (intial: Maasin to Tacloban)
Thank you.
Before you say this, you should know that Elon Musk is pro-China...
Lower the cost of electricity thru small nuclear pplants....and gather pilipino local suppliers for defense and tech sector...develop AI companies in the phil to supply US and EU
Vietnam and Philippines are the only ASEAN countries that standing up to China because their economies are not controlled by China 😁 Look Malaysia 😂 Malaysia is already a province of China 😂😂😂 and Cambodia and Laos.
Laos and Cambodia is a province of Vietnam…
How about Myanmar? 🤔
@@Abdul_JaculBuratsadorSalsalanimilitary junta in Myanmar funded by china kaya until now may civil war pa sila .
To be fair,, what about the US advantage on your investment in PH,, do not downgrade PH because you invest in it,, US have more advantage in PH rather than PH have advantage on US market,,
please
This illustrate the growing economy of the Philippines in due course which is being ignored by the past administration of the Dutertes.
My sister and my Aunt is working in Texas Instrument Baguio City
It's about time to decouple from China. Source out our products from ASEAN and other countries if we don't have one. But it is better if it is made locally.
US investment in the Philippines? Military and arms and intrigues.
Intrigues? u mean intrigues from davao?
At the moment there's not much physical and digital infrastructure in mindanao to attract FDI. THis is a chicken or egg issue.
Mindanao belongs to the Dutertes and they hate US and love China.
Talk talk talk. Put dollars down and start key projects, then people will take these statements seriously.
American promises are double standard. Very difficult to understand when it comes to business agreements. Who is very good on suing, breaching agreements, patenting others' invention and sanctioning other countries? Need to learn.
He said that "EXPENSIVE LABOR" is a roadblock to investment in the Philippines.
IS HE SERIOUS?
Does he want to even lower the very low minimum wage already? 😊
Labor isn't that expensive but the cost of doing business is caused by the economy that is too much regulated that only the oligarchs benefit known as rent seekers. Get rid of rent seekers and you'll see your economy expands and create more jobs for even more competitive salary offers.
@BatAskal not true. Thailand, Indonesia and Vietnam all has limits to foreign ownership also.
Philippines is doing well, growing at 6 percent up for 2 decades already beating it's neighbours.
BGC is just 20 years old and it's the MOST modern little city in the world. More BGC like mini cities are coming. 😊
@@JoeyZee-vs4kr Let them have their foreign ownership limits but let's think outside of the box. Philippines can unlock so much more economic potential if there is no foreign ownership limits of businesses. It encourages Filipinos to innovate and form start up companies faster and improve our supply chains due to increased capital formation by further bringing down the costs of doing businesses and increase competition in wages and salaries. It also forces the rent seekers to 'earn their paycheck' by investing more into industries and not concentrate too much on real estate to keep themselves competitive.
@BatAskal foreigners can own 100 percent of their business if they locate in PEZA or special economic zones in Philippines. Philippines is doing fine except in semi conductors where it's only in assembling business and not into pure manufacturing. I hope this is where America should help.
@@JoeyZee-vs4kr America can only help promote Philippines for their investors. Philippines has to do a lot more of its homework to convince these investors that it is the best place to do business and not Vietnam, Indonesia or India. So far with all these investment sweeteners the government has been promoting, it isn't really convincing them enough to risk their supply chains in the Philippines getting disrupted by government corruption, legal uncertainties, unstable political environment, unresolved labor disputes, intermittent power issues and inadequate infrastructure that allows them to scale up their production. Philippines got no 'collateral' like China or India with their massive population for a potential market of their products. Add in too much regulation in contravening the laissez faire principle in favor of the economic elitists (aka rent seekers) and you have every reason the investor is not willing to put their money to expand their businesses.
🇵🇭♥️💯🇺🇸🇯🇵👍
Bureaucracy is really a big problem here.
US investments to Vietnam and Malaysia are more than to Philippines.
If you invest in the Philippines..invest in building and infrastructure. ..try to counter china with thier strategies..
enerygy sector, foreign partners, NGCP equals china, dig deeper, other small retailer players, feudal culture
If only govt can subsidize the electricity like in other sea country for sure investors will flock to our country. but i guess there are restrictions. filipinos don't understand this keep comparing us to Vietnam where they don't know that Vietnam electricity is heavily subsidize by their govt, so they have an edge on attracting investors. Now they plan to subsidize electricity on charging stations for EVs to promote EV vehicles..
Vietnamese are way smarter than filipinos...... Vietnam have Vinfast, the Philippines have Sarao Jeepney😅
Que! To invest in Real estate…
To be fair,, What about the advantage of US of all the investment you made
A stronger Philippines both economically and militarily will drive away China's aggression in the region
Wow....
It's true. It's not China.
If the US really want a prosperity Philippines, they should invest long time ago as their military bases there. Why only talk about it now. I bet they don’t want to see Philippines getting rich which may affect the exist of their military bases.
most asean joining brics except the Philippines.
BRICS is aimed at empowering China. The Philippines does not require China’s support. During Duterte’s administration, China promised to loan $35 billion to the Philippines, but it was only talk without action.
brics is an idea thats all. AN IDEA to counter US dollar
It's actually insulting that the US startup ecosystem invests more in Vietnam, Malaysia, Singapore etc... PH is currently an after thought. 1 million died fighting alongside the US in WW2 and got nothing in return. Hope that now the US realises how valuable PH can be and start to encourage PROPER investments in PH and nudge their VC and other multinationals to invest in a long time ally.
Blaming another country’s choice of where to invest isn’t the main issue that you should consider. The policies/ conditions the Philippines government imposes on prospective investors is the main hindrance to committing to a major investment in the country.
Retired. LIVING ABROAD CAN YOU HELP, SELL MY PROPERTYI. Tagaytay.?
Philippines is an agricultural country. It has massive unproductive lands across. Make wealth out of these lands like neighboring countries like Taiwan and etc. Select the best person for ministry of agriculture. IMO
Now i see why the nuclear option is alive again.
Why my comment is not posted here? I wrote a very long one.tsk,tsk.
I guess it's true smart phones can override the owners'online posting.
Well! If you're currently using a Chinese brand Smart Phone... then... don't be shocked anymore 🫨😲.... they've been hacking a lot of phones lately....
Especially, those who uses Huawei Phones and Mi Series Phones.😢
Untoward UA-cam censorship... unjust UA-cam filtering of comments
I wrote another one nonetheless.
@@MelvinStaRita-yb2fm
Even my Reply to you is being erased...
You have to click Newest Comment to see all comments.
🤙🤙🤙🤙
Now tha american Oligarchs who have tortured and controlled the economy in the Philippines, now is the time for the people of the Philippines to be held accountable by our dear president,
Godbless America invest in baguio city your city offers more sustainable economic growth and employment for the younger generation…your city is also known for educational city of the north its also has growth expand by medical care it gives medical care for the inter provinces for government hospitals accommodation …temperature for manufacturing is better more mabuhay American 🇺🇸Pilipinas…we have been using also star-link and it can scope more because of our position…
I hope the US and its allies shouldn't be investing in non-market economies that are run by communists. They should have learned invaluable lessons from their mistake with China. Supporting the Philippine as it's long-standing ally should be their priority.
Without the Oversea's Filipino Workers , the economy of the Philippines will SHUT down! The government of the Philippines is full of corruptions ! Enough of mining in the Philippines !
Pa pogi points ni Uncle Sam😅