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Open ang foreign ownership sa Malaysia, Indonesia, Singapore, and Vietnam diba? Napag-iwanan na talaga ang Pilipinas. Our fellow neighbors are moving forward while we are forever stuck in a rut.
Americans would be back in the Philippines through powerful corporations. The Europeans, Japanese and Chinese would follow along with the Middle East. The benefit of this is that an American presence at the corporate level would change the way that politics is applied since these powerful enterprises would influence politics. Although the Business Judgment Rule states that companies must follow actions that maximize shareholder profit, American ideals of the rule of law and egalitarianism would actually make the Philippine bodypolitik a better place, harkening back to the days of the Commonwealth when streets were clean, corruption was kept to a minimum, etc.
Who would not want historic level of direct FD1's that would generate more jobs and opportunities for every Juan.
But this comment from Fr. Bernas got me thinking. Can anyone tell me how you would interpret his statement:
Bernas, however, said the Filipino First definition under Article 12 of the 1987 Constitution stemmed from the [B]“desire for the national economy not to be controlled by aliens.”[/B]
“What did the people on the street vote for when they ratified? What they voted on was not on the debates… but on their understanding of the word ‘capital’ in their everyday meaning encountered in everyday life,” Bernas said.
Bernas averred that the definition of the word “capital” does not entail a constitutional amendment.
“The problem is more statutory,” Bernas said, saying that it should be the Foreign Investment Act or the law that regulates foreign investments that should be debated in Congress.
Why did the framers of our 1987 Constitution had the desire for the national economy not to be controlled by aliens? What does allowing 100% Foreign Ownership entails?
^ the oligarchs losing their grip on power because the foreigners and the intellectuals will overpower them.
Bernas must like listening to his voice or reading his own words on media he can't even give a straight answer.
Allowing 100% could mean stiff competition. Look at the negative list.
Top on the list is MEDIA
and guess sino ang number media supporter ng aquiNOs and cojuangcos?
By: Agence France Presse YANGON -
Myanmar will allow foreigners to take full ownership of local firms under a new investment law expected to be approved by parliament soon, a senior official said Wednesday.
"Foreign companies will be allowed to invest to own from 35 to 100 percent" of domestic firms, said Kan Zaw, deputy minister for national planning and economic development.
"We will scrutinise carefully those who want to invest 100 percent," he told reporters on the sidelines of an investment forum in Yangon.
Myanmar's reform-minded President Thein Sein said in a televised speech on Tuesday that economic development would be at the centre of his next phase of reforms, aiming to lure foreign investors.
"Laws, rules and regulations are important and need to be flexible for investors as they will come and invest only when they are protected by laws," the former general said.
The new investment law will give a five-year tax holiday to foreign investors, an increase of two years from the current rules, Kan Zaw said.
"Our investment policy should be competitive," he added, noting the growing interest in investing in Myanmar as it opens up.
Other measures included in the planned legislation are steps to allow foreign investors to lease privately owned land. At the moment they can only lease land from the state.
Energy is one area where foreign firms such as Total and Chevron have a presence in partnership with the state. In recent years Myanmar has also increasingly opened up areas to foreign oil and gas companies for exploration.
State-owned Myanma Oil and Gas Enterprise has inked nine agreements since early March to allow firms from Asia and Europe to explore for oil and natural gas, the Myanmar Ahlin newspaper reported on Wednesday.
"It was the first time in the history of Myanma Oil and Gas Enterprise to sign nine agreements within such a short period," the report said, without giving financial details.
It said 10 foreign companies were exploring for oil at 24 offshore energy fields, while eight overseas firms - as well as seven joint ventures with local companies - were exploring 20 inland fields.
Critics say the rewards of the nation's energy bounty have so far been shared among foreign investors and the regime, rather than its impoverished people.
Pati Myanmar iiwanan na tayo.
dati protectionism ang concept nila. ngayon bukas na rin siya sa foreign ownership.
^ So does that mean 'di na matutuloy 'yung branch na itatayo ng mga dilaw?
Maganda sana kung maraming competitors ang PLDT mula sa wireless services hanggang sa wired. Masyado ng garapalan ang pagmonopolya nila sa telecommunication industry. Okay sana kung ayos at mabilis ang mga serbisyo nila kaso bulok lahat.
^ Yes, nabili na rin ng PLDT ang Digitel Philippines.
^ and Malacanang, SEC and other government didn't oppose it, no thanks to us not having antitrust laws.
Whether 100% or 60-40 is immaterial. Basta nakikita ng mga investors na ok ang kalagayan ng pinas, magiinvest sila.
Bakit kelangan pa ng 100% ownership, may mga free zones naman ang pinas.
More than the government, nag mga reklamador na pinoy na wala ng ginawa kundi mambatikos sa gobyerno ang problema. Wala namang naitutulong.
Re: the Commonwealth era, it is difficult to compare the current situation to that, as we now face far larger populations and resource demand per capita globally.