PH already one of most open economies: investment banker | ANC 

I’m FilAm and I opened a business in the Philippines for my future, my retirement. Opening a business in the Philippines is so difficult, to much bureaucracy and don’t forget the corruption. I need to bribe government employees to get something than or they hold it. This going to change. I planning to open other businesses, and time I will record and expose this people. This type system needs to change! I recommend to ever expose all this corruption!

I can listen to this guy all day. He calls a spade a spade - clearly no ulterior motives or self interest other than sharing his wisdom. More power to this show

Congrats Philippines and Filipinos . Tuloy tuloy na pagyaman at pagunlad natin. God bless Philippines and Filipinos.

Many thanks for inviting me again!

First time makinig sa mga issues na ganito politics ..economics....ang galing nya mag salita..at may aral..halatang experienshado si sir...God bless po..saan aangat na basang Pilipinas natin..at di na mag titiis kami g mga ofw dito sa ibang bansa..para mabigay ang pangngaylangan ng aming pamilya...❤❤❤

That guy Mr Stevie is brilliant in economics and more practical and knowledgeable in politics he’s just open to everything that works positively in economics especially and politics as well l am looking forward to his next guesting which l assume once in every month hats off to you Mr Stevie

Mga Pilipino kasi d nagkakaisa. Kahit sino nasa administrasyon puro mya reklamo. Ang mga Pilipino yung problema. Sobrang loyal sa politicians hindi sa bayan.

So much to learn from Mr. Cuuinjieng! I love his no-nonsense and straight-forward commentaries! I aspire to be bold like him.

Bitin lagi 😅 gawa na po kayo ng talkshow pls - Ang ganda ng chemistry niyong dalawa 🖤

Give this man the best internet and hours and hours of airtime so he can rant to his heart's content! ❤

Your brilliant sir, i salute.

Solid arguments. Critical thinking over ideological thinking indeed. Mind you, his rant about integration of mining, processing of ores and the added value chain is also why China is a behemoth in rare earth. Rare earths aren't exactly that rare. Every other countries are perfectly capable of digging them out of the ground. The difference is what happens after. The same is also applicable to other industries. Start bringing back cities that specializes on particular industries instead of focusing too much on building modern business districts. If we do things correctly, then we're more likely to take away more shares of the market from China, who is currently going broke due to sanctions.

God bless you sir. You have my heartfelt thanks for the excellent advise you are giving in this land of ours. Mabuhay po kayo.🙏❤️

I wish Mr. Cuunjieng were invited as a resource person in senate hearing on RBH6.

kaya nkakapagtaka, we have these many economic experts all along, yet we still lag behind. I'm hoping it will improve in the near future. Utilize our technical people, economist more rather than politikos na dunong dunungan lang.

The interview and discussion is too short. Mr. Stevie Cuuinjieng should be given longer time. It's always a great pleasure to listen to his wisdom.

Always love learning and listening to Steve and Mimi. This is an analysis that needs to be discussed by our leaders

So many red tape just to import a hardware for computers. How can we be modernized.

It's not about land ownership, it's about corporate ownership. Remove the 60/40 clause in the Constitution so that the laws Congress passed allowing higher ownership can't be challenged as unconstitutional, fix the power costs, get rid of the systemic corruption, particularly in the Customs Department, cut down the red tape, set up a court just to deal with corporate laws, so cases don't take decades for resolution, and you'll get FDI. The Oligarchy wants the clause to stay so they can retain control over the economy.

Very well said Sir,hope most of the politicians watch this to analyze one's in for all what's good for the country.

Sir Stevie! thank you again for your insights! I always have my notifications in youtube on if they put out a new video about Stevienomics. I really like your frank , upright and informative attitude! 🙂

In Malaysia, foreigners can own land unlike Philippines. Indonesia Bali also. Philippines 40-60 foreign restriction is a big problem.

I hope you can speak in the Senate. This guy is focused on production cost in the Philippines.

what I learnt from this video is we need to have a strong internet connection

Please continue the Stevienomics segment! Thank you, so much!

I disagree with political instability as one of the reasons we lagged. Thailand has had 13 successful and nine unsuccessful coups in just over a century, and yet they are more attractive for foreign investors even to this day. It has to be something else. I agree with power rates though, coz that affects an investor returns, and returns are ultimately is what an investor is after.

🇵🇭 Ready to roar again. Let us thank this administration of #PBBM.

Always looking forward to hearing from Mr. Cuunjieng.

Stevienomics napakagandang makinig lagi sayo Sir.

False information. Malaysia most certainly allows foreign land ownership. It’s no surprise that they are doing so much better than the rest. This guy needs to do his research before speaking on subjects.

sana mapanood to ng mga pulitiko natin.

Oh.. What an interesting and inspiring discussions to listen with... thanks to mr. Cuunjieng i learned a lot from a brilliant idea of yours... Oh poor senators sorry...

To CALL a spade a spade, The Philippines is one of the MOST difficult to engage in doing ANY business. To do the paperwork alone takes almost a year of trying to find out, 'cause they dont wanna tell you!

Terrific insights regarding power/electricity costs and a new approach with our raw material exports. Come to think of it, they are essentially the same idea: we need to develop internally first (especially our infrastructure), and start thinking in the long term, and not focus on just gains or expenses now.

Thank you for your thoughts Mr. Cuunjieng. Thank you ANC!

no data to prove his take on this issue and yet people here believed him... its better to assume ANC invited this guy to ask a question that they know he will disagree with chacha... Cmon! even in the present day, in the last four years, hindi natin nakuha mga manufacturing companies dahil sa sobrang restrictive sa investors at doon sila pumunta sa mga open na bansa like vietnam and indonesia and then in the coming years pati na din cambodia.. stagnant tayo pagdating sa aspetong ito habang kapitbahay natin na mga bansa may ginagawa.. yes nagiimprove economy natin in current state ng ating constitution pero sayang yung potential kung hindi natin bubuksan economy natin para sa foreign investors.. hindi kayo nababahala na napakadami parin ng ofw dahil nandoon ang trabaho at wala dito.. at sa mga mahihilig sa sports dyan, hindi din ba kayo nagtataka na halos dalawang business tycoon lang naglalaban sa sports? naturingan investment banker daw mukhang may inaalagaan na oligarko sa bansa..

45,000 views within 8 days! Most views talaga lagi ang interviews ni Sir Stevie sa ANC 🤗

somebody in the govt should really start listening to this guy

Certainly not the only reason why we lag behind but it is one of the reasons and many economists, lawyers believe that we need to amend it.

I trully believe that there is another way to progress and that is upskill and focus on science and technology eduation to create global brands like facebook instagram honda samsung lego etc.

Politics should not be for the protection of vested interests. It should not be profitable so as to encourage focus on the greater national interest. Those with or seeking to have contract with government should not be allowed to run for elective position.

Nice to hear from Stevie. Very objective and speaks with specifics, based on actual experience. I hope senate would invite him as resource expert considering his global investment experience.

Lack of critical thinking.....you nailed it Stevie....I hope congress bites into this.

impressive interview I learned a lot in this 24 min interview

"Open" nga wala naman "level of playing field" paano yun? Bakit ako papasok sa competition na ang pinoy ay may monopoly ng ownership ng land and and foreigner ay reduced to a lessee forever? What economic principle supports this? Wala eh.. why not open it up para maraming employment option ang pinoy at ang government will focus on investing and implementing the most effective tax collection system?

Insightful. Sharing this.

Kaya pala 3rd tayo sa the most restrictive countries sa FDI. Heheheh

foreigners cant own land. foreigners must give %60 of the business to a filipino at the very start. small business grows to big businesses. there are many foreigners living in the philippines who would start a small business if they could actually own it. they could get things up and running on their own land and with their own investment and hire filipinos to build the business and run it and train them creating many jobs and as the business succeeds and grows to a big business hire more filipinos providing good paying jobs and training. these small businesses are the backbone to an economy and the future of its growth. thats how america started and grew- not by seeking huge investments from other countries for huge businesses right off the bat. the average foreigner cant afford to risk their limited funds on something that wont belong to them. paperwork and bureaucracy and fees and permits is a whole other issue.

Why don't we have enough private investments to spur real economic growth?

Wow! Amazing news ❤️

Thank you always stevie!!

The problem in the Philippines is our public officials don’t know what they are doing, from top positions down to brgy. Kagawad. When the only requirements to be elected are age and can read and write, what can we expect? Public officials are only concerned on what they can do for themselves and interests. A cancer stemming as far as the Spanish era.

He said we don't need slogans Bagong Pilipinas to progress, this is true.

Open the CF book with receipt how they spend the people's money. Corruption is the problems. Congress and Senate open the CF book with receipt how you spend the people's money.

creative thinking is relevant then and now either ancient &/ or modernwise basta matutuloy sa totoong pakikinabangan ng nakakarami o lahatin n'yo na... halimbawa na ang perpetual supply of electricity

Ambitious politicians below cannot climb up, grab a seat in any of the houses for a big rich rich opportunity...though not much of them or even the current members really capable of being lawmakers....that's reality in this country.

This guy is right. When i worked as an expat in Ethiopia, my house is run by electricity 100%: stove, aircon, internet and laptops, lights. If i live in the Philippines that load would have been maybe 10,000.00/month. I i only paid 120pesos. What is that difference? Our electric power costs us crazily. Our government is not serious on looking at it. It impacts on investment foreign and local. Who will invest on countrict that eats so much of our revenuebin electricuty only

Even if the energy cost is cheaper here, does it make sense to build their manufacturing plants on an archipelagic island where the raw materials and exports of finished products are needed to travel by sea? If your car assembly factory is in Thailand, you distribute cars by land with larger markets from its neighboring countries. Am I missing something here? Are we really in a strategic location for a manufacturing industry?

welcome back sir steviey😊

So agree Sir.

I ike that sugestions, for open term for govt service election. Non consecutive terms. I like it.

In addition to what Steve said some few neighbouring country are producing oil that can export and another things those rich people are controlling foreign investor to get in to our country it is because it will affect their profit they want to monopolised the bussiness among themselves

❤❤❤PBBM FOREVER

Galing talaga this guy

Non-Conservative policy for Preisdent. i agree with you Sir.

Why the Philippines is not pursuing to drill our oil and gas reserves to help our economy.

Term limits serve as a vital safeguard against the consolidation of power within political dynasties, preventing individuals or families from monopolizing leadership positions for extended periods. However, there are instances where term limits alone may not suffice to dismantle entrenched political families. In such cases, extending term limits could offer an alternative approach to combatting political dynasties. Consider this: If a competent and effective incumbent seeks to extend their term, they can continue their policies without the need for their family members to enter politics. This scenario reduces the incentive for nepotism and ensures that leadership transitions occur based on merit rather than familial ties. Ultimately, while term limits play a role in promoting democratic turnover and preventing abuse of power, they are not a panacea. The true solution lies in fostering an informed and engaged citizenry empowered to hold their leaders accountable through the electoral process. By promoting transparency, civic education, and active participation in governance, we can create a political environment where dynastic tendencies are less likely to take hold. Therefore, while term extension may be a viable tool in certain circumstances, the fundamental defense against political dynasties lies in the vigilance and empowerment of the electorate.

What date exactly of each month is he guesting at ANC

Then obviously that is not the reason why investors are staying away. Or that is not the reason why they want to open it up.

History repeats itself...

Eye opener. Bitin!

Wrong again! Only 4% of investments into Asia go to Philippines, foreign investors stated in the senate today that opening FDI via charter change will boost investment by at least 12% or GDP. This man is an oligarch gatekeeper, ignore.

Due to 1987 Presidential Unitary Protectionist Cory Constitution!

investor doesnt want 1. low economic growth,2. Political stability stability/ecomonic and 3. Political turmoil . Political turmoil not a problem but ph need to sort out the Political stability/ecomonic Hes rigth Electricity Prices & Ratesi n PH hghest next to singapore and also corporation Tax Business rates need to be lower . What Ph need a big project is a plan industrial zone a government/ private own designated area for the industrial production of products and services with its own Intergrated Sustainable Energy or Power station Close to Industrial Zone.

I think right now, the price of power is the main cause why some companies hesitate to invest in manufacturing in PH.

Amazing. I learned a lot.

1983 there was a political turmoil.

If they lower the price other product from electronic, machine, automobile etc... Philippines can do that all mineral here in the Philippines. But reduced the worker and diverted into robotics installation all part factory industry here in the Philippines....

So open pero walang namumuhunan at bakit? Kasi takot sila kahit andaming na amendyahang batas na takot pa rin silang sumugal dahil pag yung na amended laws na yan ay kasalungat ng economic provisions ng saligang batas matatalo pa rin yang mga negosyante na yan sa korte pag kinuwestiyon ang legality according sa constitution, kahit nasa tama pa yang mga negosyante na yan dahil sa mga batas na naipasa talo pa rin sila sa korte pag na question ang pinaglalaban nila gamit ang saligang batas. Kaya dapat amyendahan ang saligang batas pag dating sa economic provisions dahil foundational law po yan mas mananaig yan kaysa sa mga bagong batas na naipasa pag dating sa korte. Change the economic provisions now habang my shift sa global manufacturing, let the current administration secure some of those manufacturers na nag aalisan ng China na mamuhunan at lumipat d2 sa Pinas. Securing those manufacturing would open up other opportunities katulad na lang ng textile manufacturing manganga ilangan yan ng mga raw materials so yung mga farmers pwedeng mag tanim ng cotton pag walang kita sa gulay. Wag pauto sa drama ng senado. Naging senador lang ayaw na anti cha cha na agad nung congressman pa sila pro cha cha mga yan. Naambunan lang ng mga negosyante na my monolopiya d2 sa Pilipinas yang mga senatongs na yan kaya protektado nila interest ng mga negosyante na yan. Halimbawa na lang yang nuclear power plant di mabuksan buksan kasi harang sa senate laki ata bigay ng mga local power distributors sa kanila kaya hinaharang o ayaw nila pansinin yang pagdinid ng nuclear power.

The restrictions you are talking about in other countries are at legislative level while ours is straight to our constitution. Deleting the economic provisions in our constitution is not a one size fits all. Sure their are a lot of factors why our country is low on overall economic competitiveness. But opening up is a huge message to whole investing community and world markets.

Dapat siguro Sir ay gawin kayong economic consultant ng Pilipinas.

I think this is a better option.

im curious where did Cuunjieng descendants come from? is it from China? i dont see that surname often

Non consecutive terms

Try cheap ⚡ cut expensive cost house business government put it to able low tax and products or add salary worker

Indonesia Vietnam Thailand

Economic provisions are just an scapegoat for the corrupt politicians

Support our core industries ! Our Agriculture like farms 🌾, Industries like Steel Integrate Factory 🏭 , Cement factory 🏭, Shipping industries 🚣 , Bring back our mines to our local companies not Japanese , Australian , American , or Chinese !

Very wise

Paano yung issue sa Okada na foreign casino operator? If maraming foreign business na dito anu effect nito? Dadami din po ba ang katulad na issue nito? Ano comment nyo?

Yuhoooo!!!!!!senators helloooo!!!!!!!

Hi Stephen Cuunjieng!!

According to the late john gocongwei its the high rate of energy is the number 1 problem. Stoping the bnpp bring poverty to pilipino .

Sorry meant a government owned power sector not private sector

We're open but we're not open enough. We need charter change now. Liberalizing our economy further is necessary.

Great respect to this man Mr. Steve!

These 2, despite time limits, can break down topics in cohesive, chewable bites! What would be great is if these 2 could come up with a quarterly review of PH economic progress to help people follow what's going on and make sense of things. If 3 months is too short, 4 or 6 months then. Yearly is too long. Many people are getting drawn to Stevienomics because sensationalized news is confusing the masa. Like CNN US, every weekend they have these 2 programs that I find more interesting to watch than what the channel runs the whole day: State of the Union x Tapper & Bash, and Fareed Zakaria GPS. Maybe something similar where topics are focused and diverse perspectives are shared.

The problem is the corruption. The underground economy.

I support the idea of amending the economic provisions in the constitution, recognizing it as the supreme law of the land. Any legislation pertaining to the liberalization of foreign investment will be subject to constitutional scrutiny. If a case is filed challenging such a law, the supreme law will have the authority to declare it unconstitutional. However, I hold reservations regarding foreign ownership of land, as it may contribute to an escalation in land prices. While advocating for economic openness, it is crucial to strike a balance that safeguards the interests of local citizens and prevents adverse impacts on the cost of land. Balancing economic growth with the preservation of domestic resources is essential for the sustainable development of the nation. #YestoEconomicCharterChange

No way I need to wait for a month again😢