Topic: PH may grow faster than China

[A7x]

The Philippines can grow faster than China in the coming years, a top official of British bank Standard Chartered said Thursday.

Standard Chartered global macro research head Marios Maratheftis said the economy might expand 8 percent or faster annually beyond 2015, if current policies of the present administration, healthy fundamentals and strong business confidence were sustained.

“There is no reason for the Philippines not to grow faster than China,” Maratheftis said.

“Policy, fundamentals and confidence would be the three key drivers of growth. Policies are moving in the right direction, especially on public-private partnership projects, fundamentals are also very healthy and confidence is high. These three are well aligned for the Philippines,” Maratheftis said.

A Standard Chartered’s recent business confidence survey showed the Philippines obtained the highest score in 2013, with the United Arab Emirates getting the second highest result.

“Generally, there is more confidence from the corporate sector. If this level of confidence can be translated into actions, the Philippines can attract more foreign direct investments,” Maratheftis said.

Maratheftis said within the Asean region, their top picks were the Philippines and Indonesia. He said the Philippines was a positive story, which was just starting and had a very long way to go.

He said because of the country’s boundless potentials, Standard Chartered adjusted upward its 2013 growth projection for the Philippines to 7 percent from the previous 6.9 percent.

He said the country’s more exposure to the US economy than China would be a plus factor. He said while China’s economy was on a high growth recently, it was “slowing down.”

http://manilastandardtoday.com/2013/08/02/ph-may-grow-faster-than-china/

[IORIâ„¢]

i dont think so.. sa dami ng buwitre,buwaya at alimango sa gobyero sila lang makikinabang bago ang bayan ..

[nivek_nayr]

bulsa ng kurakista ang aasenso tiyak yan

[TigerClaw]

i dont think so.. sa dami ng buwitre,buwaya at alimango sa gobyero sila lang makikinabang bago ang bayan ..

Agree...siguradong sa bulsa lang ng mga gahaman mapupunta ang kita ng Pilipinas....

[Idiot]

ha ha ha ha ha ha haha

naniniwala ka naman TS

sabi nga ng prof ko sa Songkla university sa Thailand

the hindrance of economic growth is
1. political policy
2. law especially taxes and holidays
3. Security

political policy like just 40 percent ownership for foreigners is a bad policy for investment sa Pinas biro mo gagastos na foreigner sa pagbili ng lupa pagtayo ng structure tapos kickback pa para sa mga pulitko tapos 40 percent lang ang ownership sinong matinong investor anf pupunta sa pinas kahit maganda dito

den ang daming taxes sa atin at mga holidays lugi ang mga investor dahil sa double pay tapos nandyan pa ang mga OA na union na nagsasabotahe sa companya

tapos security para di sila ma harass sa extortionist na pulis at NPA e kailangan may suportahan silang pulitko para sa safety ng negosyo

[A7x]

hindi naman po seguro masamang maniwala tayo na makamit din yang matagal nang pinapapangarap nang bawat isa sa atin na umasenso ang ating bansa. ang mahirap lang kasi marami talagang mga pilipinong matatalino na imbes na tulungan yung ating bansa na umahon sa hirap ay puro negative nalang palagi ang bukambibig wala namang nagawa para sa bayan. reklamo dito reklamo duon. wala po akong pinapatamaan tao realidad po kasi yan ngayon na nangyayari aba eh hindi mo naman sila masisisi sa kadahilanang punong puno na ang mga tao sa experience nila sa dating mga lider nang bansa. I'm just being optimistic po and I'm still positive na darating yung araw na aasenso din yung pilipinas. Ano ba ang nagawa ko bilang isang citizen kahit wala ako sa gobyerno? Simple lang nagbabayad ako nang tamang buwis at nagtatrabaho nang marangal.

[Kurimasu]

Bwahahahahahaha, pwede siguro yan kung mawala ang mga buwaya sa gobyerno. Panuorin ko na nga lang yung scandal ni pareng chito at crush kong si Neri...

[JiangCai]

Believe ako sa pagiging optimistic ni TS pero sa pinas dapat maging realist ka

[spikespeigel]

Puro utak talangka at alimasag ang mga nag-popost dito... what's wrong with the scenario being painted by the post of the TS? Ayaw niyo ba umasenso ang Pinas?

Well, may nandiyaang "neo-liberal" na   ang bukambibig eh..cha-cha and the removal of the so called "protectionist provisions.

I wont be getting  far  from the Philippines and will not quote from my prof from #@*& university.  Here's Miriam Santiago in an Inquirer interview in 2011 regarding her views on the necessity for a change in the charter's economic provisions to develop the country's economy:

“I am sorry to dash cold water on all those fervent hopes about inviting investments, but the truth of the matter is it does not take a constitutional amendment to invite foreign investors… It is certainty and stability,” Santiago asserted.

“Any businessman will tell you that what would invite investments… is not whether we allow them to own the enterprise or limit them only to 40 percent ownership,” she added.

Here's Alan Peter Cayetano's take on the same issue as was quoted also in the same report:

Senate Minority Leader Alan Peter Cayetano urged his colleagues to stop giving people “false hopes” by packaging Charter change as the ultimate solution to major problems.

“The problems of our country are peace and order, graft and corruption, the burgeoning prices of oil and electricity and the lack of infrastructure. Ask the potential investors in our country and they’ll mention the same problems hampering our economic growth,” Cayetano noted.

Forcing amendments at this point could “only create bigger problems,” he also warned.

“Bringing the people’s attention to Charter change and making them believe that it will solve all of the country’s problems, especially concerning the economy, is really just giving them false hopes,” he said.

http://newsinfo.inquirer.net/74667/congress-tack-on-charter-change-dead-wrong-says-sen-santiago

Finally, I'll throw the gauntlet to anyone and challenge him to refute this quote from a 2013 interview of Senator Santiago as to the motivating factor behind the move to change the economic provisions of the charter.

Asked about motives behind charger change, Santiago said, “It’s self-evident. Certain corporations are interested in the natural resources of our country and want to invest here but they want to own the whole thing … They are pressuring these politicians.”

http://www.rappler.com/nation/8479-miriam-on-charter-change-not-urgent,-alarmist,-wrong

[kobeyaki]

wag nyo kasi tingnan yung photo ng mga building dyan sa taas.

last year umabot na tayo ng more than 7% so di malayo na maabot natin yang 8% na sinasabi ng taga standard chartered.

[kobeyaki]

ang tanong dyan ay kung maramdaman ba naman ng mga nasa baba yang 8% na yan? baka mas lalo lang yumaman sina henry sy at mvp

[comsci24]

siguro kung ibalik ang bitay at pag bibitayin lahat ng kurakot mula barangay tanod traffic enforcer hanggang sa mga senador at presidente maniniwala ako, pero sa ngyon panaginip lang muna yan. 

[voltesv]

paano to mangyayari e tayo may 10B pork barrel scam nga! nakaupo pa sa pwesto

e sa china firing squad! labo!

[Noleane Manook]

sana tuloy tuloy na pagbabago... kahit papano may good news na nababalita... naniniwala pa rin ako sa pinoy... kaya natin umangat basta sama sama...