MERGED: RP among most restrictive in foreign investments?

[ldl5165]

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di nako ma imagine nga halos manag iya sa ato kayutaan dre sa cebu mga koreano, hapon, kano og uban pang langyaw... daghan maka trabaho pero magpuyo sila sa dili na unya ilahang yuta kay mag abang nalang... di nasad maka palit og yuta kay lumba naman dayon patas anay og presyo kay lagi mga langyaw ang tirada baligyaan aron mahal...

mas mo pabor sad ko nga ang mga elite nga negosyante dre sa pinas mga pinoy ra sad.. bahalag fil-chinese.. basta nationality pinoy...

[DailyCore]

Have you been working on your business more efficiently?

Doing business in PHL becomes more difficult - World Bank

Doing business in the Philippines has become more difficult, the World Bank said on Thursday.

In its 2012 Doing Business Report, the Philippines dropped two notches to 136th from 134th place in the Doing Business 2011 Report, despite instituting a single reform intended to make regulatory environment more business-friendly. The reform dealt with resolving insolvency easier. The report polled 183 economies.

The Philippine ranking placed the country among the laggards in the East Asian region in terms of business-friendliness.

Singapore retained its position as the friendliest place to do business in, followed by Hong Kong and New Zealand. Others in the top 10 were the US, Denmark, Norway, UK, South Korea, Iceland and Ireland, respectively.

Meanwhile, other Asian countries fared better than the Philippines. Thailand was in 17th place; Malaysia, 18th; Japan, 20th; Taiwan, 25th; Brunei, 83rd; China, 91st; Vietnam, 98th; Indonesia, 129th; Cambodia, 138th; and Lao PDR, 165th.

Other countries in Africa, considered among the least developed in the world, even outranked the Philippines, including Sudan, which placed 135th. Sudan has recently been partitioned between North and South following two decades of civil war.

The report assesses regulations affecting domestic firms and ranks the economies in 10 areas of business regulation, such as starting a business, resolving insolvency and trading across borders.

This year's report data covered regulations measured from June 2010 through May 2011.

“The global report shows that governments in 125 economies out of 183 measured implemented a total of 245 business regulatory reforms—13 percent more reforms than in the previous year," the World Bank said.

http://www.gmanews.tv/story/235997/b...MANewsFacebook

[boom_box]

This is a old article as to why our country is still stuck in progress aside from our corruption.

A tale of two countries - economic impact of Philippine protectionist policies and lack of protectionism in Hong Kong

... the Philippines never realized its potential. Instead opening the door to foreign investors with the money and the wherewithal to make something of its resources, the Philippines wrapped itself in the cloak of protectionism. Under the guise of nationalism--the country had achieved independence in 1946--the Philippines passed a series of laws limiting what they called "alien" (foreign) involvement in the economy. It started with a limit imposed on alien-owned market stalls in Manila and soon covered everything from access to credit to quotas on imports. By the end of the '50s, this had evolved into a full-fledged ideology called "Filipino First" that would figure prominently in the presidential elections for years to come.

In 1960, Philippine President Garcia summed up the Filipino First policy as merely "an honest-to-goodness effort of the Filipino people to be master of their own economic household." His secretary for commerce and industry, Manuel Lim, likewise described the policy as simply an effort to ensure that Filipinos get some share of the benefits flowing to foreign investors. Of course, it was slightly more than this. Although both Garcia and Lim went out of their way to say the Filipino First policy would be fair to outsiders, they both saw foreign involvement in the economy as a "threat" and a cause for alarm. Although the policy was later relaxed somewhat, the emphasis remained on ensuring Philippine "supremacy."

"It's the classic mistake for developing countries," says Richard Wong. "Despite all the populist rhetoric, whenever you make it more difficult for foreigners, all you are doing is taking money from the public and putting it into the hands of the vested interests."

Meanwhile, when China adopted opening the economic reforms by Deng Xiaoping and said that "do not care if the cat is black or white, what matters is it catches mice". Look China now how it became a economic powerhouse from being peasant country ruled by Maoist tradition known as "Cultural Revolution"

To make matter worse on how our country is ranked again from other countries.

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Doing business in Sudan easier than in PH?

MANILA, Philippines - The Philippines continued its slide in the annual World Bank study on the "ease of doing business", lagging far behind business-friendly hubs like Singapore and Hong Kong.

But the big surprise was the Philippines, which ranked 136 out of 183 countries, was even lower than other developing countries such as Bangladesh (122), West Bank and Gaza (131), Nigeria (133) and Sudan (135).

The new Doing Business 2012 study released Thursday assesses regulations affecting domestic firms in 183 economies. The report showed the Philippines continues to have one of the most difficult regulatory environments for local entrepreneurs. The Philippines' 136 ranking in the latest survey was even lower than its 134 ranking in 2011.

Singapore was ranked the "easiest" place to do business in the world for the 6th straight year, followed by Hong Kong, New Zealand, US and Denmark.

Other Asian countries that had easier business regulations for entrepreneurs than the Philippines include South Korea (8), Thailand (17), Malaysia (18), Japan (20), Taiwan (25), Brunei (83), China (91), Vietnam (98), Indonesia (129) and India (132).

Among Asian countries, the Philippines was only ahead of Cambodia (138), Laos (165) and Timor Leste (168).

So how long are we gonna stick with our so called "Filipino First Policy" when other countries are booming in terms of companies that are investing in different sectors of industry?

Are we just being contented to send more OFW instead of bringing the jobs here?

[amingb]

Wow very nice article .... actually naa ma mga politician na wants mo join ta Open market but unfortunately the Yellow Army Brigade dili mosogot usabon ang Legacy sa ilaha Idol si St. Cory Aquino .. bahala ug mamatay tas Gutom ... makigpatay ni sila ug usabon ang Constitution.

Another thing is dili pud mosugot nga mga rich individual like kanang mga taipans nga naa sila contra sa negosyo gusto nila sila ra ....

Tan-awa nang mga Building diri Cebu kinsa raman nang mga tawhana mao rana sila ang nag control sa atoang economiya .... ang mga Malls ug Buildings unsa may employment naa diha .. mga tindera ug tindora ug billboy ug roomboy ....

Wake up mga Yellow Brigade ... wala rabay paki alam si Pinoy anang Charter Change kay ilaha gi concentrate maau ma priso si GMA ... maabtan nalang na sila ug 49 Years diha dili jud an sila ka priso ni GMA ..sayang2x lang mos panahon sa mga Pilipino .....

[cobraKing]

mamatay nlng na sa sakit si GMA dli na mapreso..nyahahaha!

[amingb]

Actually mao man jud na ang Vision sa akong Presidenting Gibo unta ... open market ug federalism ... mao na solution sa un-employment ug Rebellion.

[Eve's Apple Project]

nice article ts...

[jack_cool]

very nice and informative hopefully "makamata na ato gobyerno na walay lain gbuhat kundi ang pagkawat sa kwarta sa katawhan... wala nagpakabana sa kalambuan sa nasod"

[amingb]

Wa gihapon tay mahimo kay ang Yellow Army dili mo sugot ug Charter Change ( Sin of Idolatry ) ... Labi na ilahang mga Kaliwat nga Insek mo lobby sa mga tongessman nga dis-approve ang cha2x .. tuloy ang ligaya nila at the expense of the Pilipino People ...

[emow]

the government must loosen its influence with the market... scrap many regulations that are, though noble sounding, anti-business... when one applies for a business permit, the person is actually barging through the red tapes while the government is like keeping that individual out...that is why we have so many "illegal" business establishments... too many regulations encourages corruption....the government must keep its hands limited into the lives of the citizen! let the market flourish without obstacle... daghan potential investors muhawa tungod sa kalisod pag abli ug negosyo....