Philippine Economy Talk

[dreamur]

What's the latest news on this? Have not seen any articles about it in recent weeks.

A conclusive statement confirming that the incentives will not be removed will improve investor confidence.

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Problem exactly this is. Admin sends different signals - DOF wants to abolish the the tax incentives while the PEZA DG is still using it as a carrot, causing more confusion. The verdict- hold off any investments until they are singing one tune.

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[uls]

PLDT will provide free access to youtube

Globe will match

gonna be headwind for 3rd telco

[uls]

The prices of real estate (well mostly condos) are skyrocketing partly because of them. They are buying units here and there even if it's ridiculously expensive and location isn't that prime. As there's demand, developers are increasing their prices accordingly [emoji29]


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as predicted

says a chinaman during aquino's term

"why you wanna be enemy with china?"

"china plenty money"

"be friend with china, plenty money go to Filipin"

[dreamur]

Is it all about money at the expense of dignity and sovereignty? Wow!

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[uls]

the developers don't seem to mind

hehe

[dreamur]

Again, it speaks a lot about one's character and moral values.

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[uls]

yeah tell that to the developers

and casino operators

[dreamur]

I already did to a china lapdog here.

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[leonleon]

Is it all about money at the expense of dignity and sovereignty? Wow!

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May naalala tuloy ako.

Yung married couple na kilala namin, biglang andami pera, andami business, swimming in money.

We were all wondering how that happened.

It was like they won the lottery.

Instant, overnight millionaires kasi yung mag-asawa.

This was in the 80's.

But the real story?

Naging "mistress" "f*ck doll" "kabit", you get the point, yung babae ng isang very rich CH businessman.

With the consent of the husband, so it turned out.

Indecent proposal accepted with eyes wide shut.

It happens.

Greed is good di ba?

For the PH, our politicians will make sure of that.

[uls]

Chinese appetite for Manila condos grows with warmer ties, weaker peso -
Nikkei Asian Review

Two major developers saw their 2017 sales surge, thanks to Chinese buyers. Ayala Land, the country's largest real estate company, said 49.4% of its international sales, which accounted for 34% of its total 122 billion pesos in total sales, came from Chinese buyers. The share of American and Singaporean buyers trailed at 15.2% and 5.4%, respectively. In 2016, Chinese made up around 10% of the company's international sales.

At SM Prime Holdings, the nation's most valuable real estate company, Chinese comprised 10% of international sales in 2017, up from "less than 5%" in 2016, according to Chief Financial Officer John Ong.

Developers said the reason is clear.

"You've seen what has happened in the last two years with the warming of relations between the Philippines and China," Ayala Land CEO Bobby Dy told reporters last month. "We see it in office take-ups from offshore gaming companies ... and also in the tourism numbers. We're also seeing a lot of Chinese investors buy property."

The real estate arm of DMCI Holdings, a major condominium builder in Metro Manila, said over 50% of its international sales in the first quarter are from Chinese, with mainland investors snapping up units. "If we don't control them, it could go up to 90%. No kidding," DMCI President Isidro Consuji said early this month.

DMCI has imposed a self-restriction of "one buyer, one unit."

"Our worry is that if we have too many absentee residences, you might have what you see in Shanghai or Beijing -- totally sold buildings but nobody is living there. It's also out of our objective of selling to end users -- preferably local end users," Consunji said.