Carlos Dominguez, finance secretary of the Philippines, says the country has a “long history” of economic continuity through different administrations, and is a “good place” for foreign investors.
The Philippine economy is going to ‘boom’ after Covid, says finance secretary
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🤔 *lets add that infrastructures are improving (many are completed & others are ongoing)… Filipino ex-pats returning – some may bring their experience & knowledge for the local economy; while, others may do business and add on domestic consumption… some businesses and works are interrupted but it is possible there are rooms and chances for recovery… election is so near… vaccination rate increasing… as observed, every “slight” opening of economy & lowering restrictions, domestic consumption & economy surged up*
*-possible, the Philippines economy is really waiting to “boom” up*
*hope the current and next administrations will continue the robust infra projects, strengthening the healthcare system, industrialize, and have more useful policies & programs for faster recovery*
@Jun HyunSang That’s typical. You guys guys have so much to prove, it’s not even believable. Arguing with a Filipino is the biggest waste of time and energy ever. I generally just let you talk and say whatever you want.
@the SubGenius i dont see anything wrong investing in the Philippines, let him do his thing he wants.
Filipino Pride is fine for me, i dont wanna insult their race because thats just racism, Pinoys are human too y’know
+ did you know philippines is an ASEAN country? ASEAN is an organization of southeast asian countries and its an organization to focus on making the economy grow, Philippine economy is expected to boom in 2035 with vietnam and indonesia but idk about the other ASEAN countries though.
@the SubGenius well I dont really expect someone who doesnt live here to understand what he has been doing. All you hear is what he says, you could never see what he does, so stop assuming stuff, our country is doing fine so far, but I do hope it will fall oneday and anarchy will be everywhere so that the US can step in and take control of the count- I mean the situation, wouldnt that be nice?
@oi How can someone contradicts himself like this? You start by saying “our country is doing fine” to “I hope the anarchy so the US will save us”. This is the typical “let’s slack off, the US will help us” kind of mentality. Try to be an American in the Philippines. You will hear tons of sob stories to get money. Filipinos rely way too much on civilized countries.
I fell it 14percent gdp
Ofcorz, that’s expected already. A positive outlook for the Economy. But, the question is, When is Covid going to end?
We’ll live with covid lols just a matter of time we get accustomed to it
when the world nations declares that it is done although a post pandemic can focus on a dangerous path especially financial crisis
Keeping on dreaming
Don’t be jelous
It’s. Really true
negatrun spotted!
yes we wont so keep on crying
Philippine economy is a math problem that needs to be fixed yesterday.
You are just jelous. Be an OFW worker forever. Diyan ka na mamamatay. 😂
Thumps president du30…
I agree! But the FIRST STEP should be…REPLACE YOU, Benjamin Diokno, and CArl Hendrick Chua as Economists!!!!
Your GRANDIOSE AIMS of buildbuildbuild led to TOO MUCH debt and diversion of funds to projects that may end up as WHITE ELEPHANT that ENRICH the CONGLOMERATES but do not BENEFIT the POOR who have increased by 3.9 MILLION after the Pandemic!!!!
If duterte is has SO MUCH FAITH in buildbuildbuild, how come this is the only administration with no BET???!!
FOREIGN INVESTORS?????? This administration FAILED in the HOUSING and ENERGY SECTOR….. GO TO HELL!!
🤣
It’s really true
Keeping it closed is not good for business. I have money there but cant get in. So until they open stay away from putting your money there.
Boom-shackalak!
Hi can someone find out about building 3d homes for d poor in the Philippines. It is so much stronger
Lol they think FDI will flow into our country?? Exactly how are we competetive with Malaysia, Vietnam and other SEA neighbors?
1.Barriers to entry for foreign investors owning majority of a corporation
2.Ridiculous and downright immoral number of holidays
3. Infrastructure that is still nowwhere as developed as we should be?
tweet: Policies should stand As Is, or where they are at now — it’s the law when it comes to investors whether for foreign or domestic — it should be about the same. We welcome and invite investors to come visit us and check us out for entrepreneurial opportunities all the way to Cebu and in other Large Cities a business venture. We are looking forward to working with you on a level ground. Happy New Year-2022! God speed.
Cov1d will never disappear, so Philippine economy will never boom.
Duterte admin only do best among others . Special thus so called dilawan ew
Looking forward to the foreign ownership bill Ok’d by the Philippine Senate to be the spark for the inflow of foreign investments ,deduction and tax incentivization for both foreign and local startups on corporate ,income, capital gains taxes and carbon credits to boost local jobs and better leverage for foreign businesses besides the practicality of doing outsource jobs in the Philippines and booming alternative energy industry in the country to provide surplus cheap power (possibly to export in the future once a “Regional Power Grid” is realized ) compared to other revenue centers in South East Asia. This would be a true co-prosperity for all stakeholders once realized as only the Philippines and Singapore were not markdown lately for economic growth in the ASEAN.
Going to boom, this has been an old report. A correspondence should be prepared properly, wherein it won’t rely on hearsay, a correspondent should be visiting the places, where the businesses are, and not relying on hand me downs and add ons, for the sake of capitalists. CNBC, Investors are investments, it does not rely on exaggerations nor any feed of exaggerated reports of mass media hand me down reports, or any of the APP service. Tangible standards, news papers that always gives employment to everyone, while Intellectual property rights are applied/implemented, and taxes eversince, for investments are not tax havens eversince. SMEs……General Practices. GM.
Question 1: Will economic policies continue to be stable?
Response: After the 1980’s, the economy became stable.
Question 2: Why invest in Philippines versus neighbors?
Response: Avg age 25, poverty reduced to 16%, need vaccines then boom.