Charter change needed to attract investors? Prof. Cielo Magno answers
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00:00.0
Halimbawa, at the macro level, halimbawa Vietnam, diba, diniscuss ko na ito sa TikTok ko eh.
00:11.8
Kung totoong kailangan ang land ownership for investment, bakit mas mataas ang foreign investment sa Vietnam kesa sa Pilipinas?
00:23.2
Sa kanila, talagang continuously increasing. Sa Pilipinas, decreasing.
00:27.0
Another example, pero baka sabihin masyadong malayo na sa atin, Singapore, kapitbahay natin.
00:32.3
Of course, they have better quality of institutions, minimal corruption, better rule of law, but at the same time, hindi rin ownership of land ang in-offer nila, lease lang din.
00:44.3
So, going back to Vietnam, if we are competing with Vietnam, if Vietnam is not doing it, and yet they're able to attract investors,
00:55.4
why are we going?
00:57.0
Why are we going to do it?
00:58.1
Secondly, if we're talking about, pinag-usapan natin yung welfare ng mga Pilipino.
01:02.2
Once in-open mo yan sa banyaga, ibig sabihin tatasang demand ng lupa sa Pilipinas.
01:07.3
Huwag tumaas ang demand ng lupa sa Pilipinas, eh fix lang naman yung lupa sa Pilipinas, balik tayo sa supply and demand curve, diba?
01:13.5
Naturally, ano mangyayari dyan? Tatasang presyo ng lupa.
01:16.7
Huwag tumaas ang presyo ng lupa. Sino na maa-apektohan sa pagtaasang presyo ng lupa sa Pilipinas?
01:21.8
Hindi na makakapag-bili ng house and lot ang mga Pilipino.
01:25.7
Wala na ng housing project.
01:27.0
Wala pa nga yung mabiling lupa, diba?
01:29.4
Oo, totoo yan. Ang tataas yung presyo ng lupa, yung ordinaryang Pilipino, mas magiging mahirap yung makapunda.
01:36.0
Dahil papasok yung mga foreigners.
01:39.6
Concrete example lang, hindi pa lupa. Nung pinayagan ng panahon ni Duterte, sorry, balik na naman tayo kay Duterte.
01:46.2
Nung nag-boom ang OGO sa Metro Manila, di ba dumoble halos ang presyo ng real estate?
01:53.4
Sa itong mga kondo, inupahan nila, diba?
01:57.0
Sa kondo. Tapos naging less competitive. Naka-apekto yan sa BPO sector natin kasi tumasang rent.
02:03.8
The same thing if you allow ownership of land. Tataas ang demand ng lupa sa Pilipinas.
02:09.4
O dita-tataas ang presyo niyan. Kasi fixed yan eh. Fixed yung supply mo eh. Hindi naman lumalaki yung lupa. Tataas ang presyo.
02:15.3
So hindi kayo nakakalalaan ng ownership?
02:17.8
Hindi. Wala talaga. Andami niyang pag-aaral ah. Hindi ito chika lang. Hindi ko lang sinasahit ng Vietnam.
02:24.0
Hindi ko lang sinasahit ng Singapore.
02:27.0
But there are academic studies, reports by financial institutions, saying, surveyed by business enterprises, saying, identifying na hindi ownership of land ang kailangan for them to invest in a country.
02:44.7
So anong kailangan for them to be more encouraged to put their money or investments in the Philippines?
02:51.1
Peace of doing business. Efficient infrastructure.
02:57.0
Stable energy supply. Cheap energy supply. Good quality of labor. Human capital. Healthcare system. Corruption. Walang corruption dapat. Walang red tape.
03:14.7
So yun yung ease of doing business. Of course, in some sector, kritikal yung tax packages. That's why we have incentives. And I say in some sector because it varies.
03:25.2
Maybe in the future, we can talk about mining. But in mining, we don't give incentives because foreign investors come to a country dahil mineralize yung country.
03:36.2
So yung mga locational specific characteristics. So it's not always incentives. But in some sector, we may need to provide incentives. So yun yung mga factors.
03:46.5
Okay. Isa-isayin natin yan ah. Sana yung mga viewers nakakasunod. Alam ko naman yung mga tatalino natin viewers nakakasunod.
03:54.1
Ewan ko lang yung mga trolls.
03:55.1
Mga trolls dito. Mga may magmumura na dyan. Ito, simplihan natin. Isa-isayin natin yung factors na yun. So basically, pag pinagsama-sama yan, predictability.
04:03.5
Kumbaga, pag ikaw yung mamumuhunan, ayaw mo nung paiba-iba yung rules of the game, diba?
04:08.1
How are we doing in the case of ease of doing business? Kunwari gusto maglagak ng negosyo sa isang syudad. Kumusta ba yung ease of doing business doon? How are we faring?
04:20.0
Ang challenging, if you don't go through BOI.
04:25.1
Ang challenging, if you don't go through the board of investment natin or our economic zones, at gagawin mo yan ng ikaw lang, then you have to go to the local governments, get a permit, and then you go to BIR. Actually, before you go to the local government, you get a business name.
04:39.1
Punta ka sa DTI, and then you register sa SEC, and then you go to the local government, and then you go to BIR bago ka makapag-establish na isang business. I guess, yung mga local enterprises natin, na-experience yan.
05:17.3
Ano ka, anong bilis?
05:18.4
Ang gawin natin yung konkreto, although, siyempre, laging binibida ni President Marcos,
05:22.9
kinagawa naman ito.
05:23.7
ng lahat ng presidente na nagbabiyahe
05:25.9
sa ibang bansa, no? Uuwi sila
05:27.9
rito. Although, originally,
05:29.8
medyo napaka-intellectually dishonest
05:31.7
pa nga nung ibang mga... Hindi ko sinasabing siya,
05:34.0
pero yung previous president, sinasabi,
05:36.2
o, I don't know, baka tanga lang
05:37.7
yung reporting sa media, sinasabi.
05:39.9
Ganun, president X, nag-uwi
05:43.5
na investments. Eventually,
05:45.8
kinorect na yun, diba? Pledges, pangako.
05:47.9
Hindi naman pwede. Pagpunta mo sa China,
05:50.1
pagbalik mo, meron ka 20 billion
05:51.7
na dollars, diba?
05:54.9
Hindi automatic yun. Kapag pledges,
05:58.2
nangangako lang sila. Siyempre, nakakahiya
05:59.9
naman kaharap may presidente.
06:01.6
Siyempre, makarapit pa. We'll bring
06:03.5
this much investment. Pero kung magta-translate
06:06.3
ba yan into real investment,
06:08.4
yun yung question.
06:10.7
Ito example, diba, kanwari?
06:12.7
Marcos. Ngayon, nakita ko, pupunta yata
06:15.6
sa March, if I'm not mistaken, Germany
06:17.6
naman. China, okay.
06:22.0
humarap siya rin.
06:22.6
Sa mga negosyante, hinikayit niya, o mag-invest
06:24.8
kayo sa Pilipinas, the Philippines
06:26.8
is open for business. Tapos,
06:28.8
siyempre, nangako yung mga kumpanya,
06:30.8
o sige, papasok kami dyan.
06:32.5
Gano'n baka bilis bago mag-materialize yung
06:34.6
let's say, an investment pledge? Usually, ano
06:36.6
ba yung batting average natin dyan?
06:39.1
Dyan, wala akong figure.
06:40.6
I-guess mo si, ano, si Yusek Perry,
06:45.3
Masarap kausap yun.
06:46.9
He can give you very good insights
06:48.9
in terms of foreign investors.
06:50.7
Pero, usually, pag nakakaka-
06:52.6
usap ako ng investors, may mga reklamo
06:54.7
pa rin dahil medyo matagal pa rin daw.
06:57.3
Umaabot ng two months,
06:58.6
three months, yung
06:59.6
pag-set up pa lang ng business.
07:02.7
Yes, yes, paperwork sa Pilipinas.
07:04.8
And other complaints,
07:06.8
yun nga, as much as possible, minimal
07:08.4
contact with other agencies.
07:10.6
Sa atin kasi, like, for example, meron tayong
07:14.2
may fixed rate silang binabayaran.
07:17.0
I think it's 5%, substitute
07:18.6
of all taxes that they have to pay.
07:20.2
At some point, pag matapos ng kanilang tax incentive,
07:22.6
but the challenge now is
07:24.9
some LGUs would still
07:26.6
impose fees sa kanila.
07:29.2
So, magre-reklamo yung mga yan kasi
07:30.5
parang, oh, akala namin yung 5% na binayara
07:32.7
namin yun na, bakit ngayon itong
07:36.3
kinukolektahan pa kami?
07:38.4
So, may mga ganyang reklamo yung
07:40.4
ating mga investors.
07:42.2
Pag ganoon ba nag-vary yung experience na per LGU?
07:46.5
Dapat hindi, no? Kasi
07:48.2
nung sinabi natin na yung kinukolekta
07:50.4
ng, halimbawa, economic zone on your behalf,
07:52.6
yung economic zone na yung magre-remit
07:54.6
nun sa LGU. Kaso minsan
07:56.4
nakipag-dialogue ako sa isang, nung nasa
07:58.6
DOF ako, sa isang
08:00.3
sektor ng industry,
08:02.6
nag-identify sila sa akin
08:04.4
ng tatlong LGUs na nangungolekta.
08:06.6
So, sabi ko nga, oh, kung yung tatlong LGUs
08:08.4
ang pala yung problema, baka naman pwede natin
08:10.1
kausapin at ipaliwanag. Kasi nga
08:12.3
medyo mataas yung kinukolekta na fees.
08:15.0
So, may mga ganyang
08:16.2
ano, may mga ganyang galawan
08:18.9
na nakaka-apekto sa
08:22.5
foreign investors na mag-stay,
08:24.9
minsan nagpo-pull out
