Private firms urged to invest more in PH

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The private sector is still not investing enough in the Philippines despite the country’s improving macroeconomic fundamentals, according to the Philippine Institute for Development Studies.

MANILA, Philippines—The private sector is still not investing enough in the Philippines despite the country’s improving macroeconomic fundamentals and has yet to maximize income opportunities from an expanding economy, according to the Philippine Institute for Development Studies (PIDS).

 

In one of its latest papers, state-owned PIDS said private firms had to step up by betting more on the Philippine economy to help make it even more competitive.

 

Despite a noticeable increase in investments last year, PIDS said the investment rate in the Philippines remained low compared with those in neighboring countries. This is despite the fact that the Philippines posted one of the fastest growth rates in Asia last year.

 

“The private sector has to display more ‘animal spirits’ in order to raise the investment rate,” PIDS said in its “Economic Policy Monitor” released last week.

 

The investment rate—the ratio of fixed investment to gross domestic product—in the Philippines stood at 19.6 percent last year. This was up from 19.1 percent in 2011 but still down from 20.1 percent in 2010.

 

In other emerging economies in Asia, the investment rates are well above 20 percent.

 

“The low investment rate has historically been a major constraint to economic development and transformation. The data indicate that there has been no significant advancement toward sustainable economic growth,” PIDS said.

 

In 2012, the Philippines became one of the fastest-growing economies in Asia by registering a growth of 6.6 percent.

 

This was higher than most projections and was above the government’s target of 5 to 6 percent.

 

PIDS said factors that drove last year’s growth rate were government spending, consumption supported by remittances, and a modest rise in investments.

 

It said investments need to rise by a much faster pace so that the robust growth of the economy will be sustained over the medium to long term and eventually translate into poverty reduction.

 

PIDS said that the Philippines has to grow above 7.5 percent this year to prove that its encouraging performance last year is sustainable.

 

To achieve such a growth rate, the economy should be driven more by investments rather than consumption, it said.

 

“A growth rate of between 6 and 7.5 percent can be labeled as a region of uncertainty. If growth falls below 6 percent in 2013, it can be safely concluded that the performance in 2012 was a just a temporary blip,” PIDS said.

 

“On the other hand, a growth rate higher than 7.5 percent is a sign that the economy had made a breakthrough in 2012,” it added.

 

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  • Hayek_sa_Maynila

    Where is Filipino creativity now? With credit so affordable and “risk free” yields now below 2.0%, can’t local businessmen think of more productive, more job-generating investments? Can’t big business have bigger dreams? bigger plans? to beat SDA rates paying less than 2.0% net yield?

    Are banks really on the lookout for new business ideas they can fund?

    Hanggang ganyan na lang ba ang utak ng Pinoy?

    Have the major conglomerates (Ayala, Gokongwei, Sy, etc.) been reduced to speculators? Can’t they think longer than 3, 5 or even 10 years where gov’t borrowing rates are now all below 3.0%?

    Let’s all move! The PHL will enjoy low interest rates for a long time. It is time to bet on this country!

  • http://profile.yahoo.com/SPLUBLEOSERDBOIJTDOC6XIWGU mxsclxmxn

    Relax. Be greedy. Be selfish – if these help you get ahead. Win at any cost. Enjoy your expensive Freemason diamond ring and other symbols, pay your hefty dues on time, and follow the Masonic – path. And you too will be successful – because there is no Hell, and no higher authority other than Lucifer; who is misunderstood.

    Once Masons progress to the higher degrees and they finally believe the ‘Masonic lie”; and they will ‘understand’ that the Grand Architect of the Universe is not the God of the Old or New Testaments, but instead is the perfect dues paying Mason in good standing, who like the statue example above, they chipped away at, and finally shed needless ‘layers’ from both their old useless religion, and from loyalties outside of Masonry, which all along were what concealed them from their own personal true image, as the one and only real God.

    Christians step out of the light into a new false (Mason) Religion:
    For those Christian Masons who doubt they have stepped out of Christianity, you need to read what the great mason occultist Albert Pike writes: “Every Masonic Lodge is a Temple of Religion; and its teachings are instruction in religion.” (Morals and Dogma, pg. 213) . Regardless to claims to the contrary, Masons are clearly embedded in afalse mystical religious system of salvation through works. Any “God” will do in this Masonic religion, because the Lodge teaches the heresy that it isn’t God who saves one’s soul anyhow: it’s one’s own good works.

    Freemasons insist Freemasonry is not a religion. However, it is strange that the room they meet in is referred to as a ‘temple’, the seat the Worshipful Master (the chairman for that year) sits on is referred to as an ‘altar’ and the ceremonies end with the phrase ‘so mote it be’ – the same words used in major satanic rituals. A blue lodge always has an altar. Altars are always associated with religious worship and sacrifice. This calls an important question to mind. What does “Worshipful Master” mean? Doesn’t it mean what it says –that the so-called Worshipful Master of the Masons is to be worshipped? Shouldn’t only Jesus be worshipped? But no, Masons say ALL religions are equal. Christians, see the light!

  • http://profile.yahoo.com/SPLUBLEOSERDBOIJTDOC6XIWGU mxsclxmxn

    People in the Central Bank Grand Conspiracy with Free Masonry!!!

    Satan’s Synagogue as per Pope Clement XII year 1738

    In the P100 BILL series 2012 Serial # ZK188477 has a logo of the Grand Lodge of Free and Accepted Masons. Freemasonry has its goal of destroying Christendom and replacing it with man-centered government and Satanic religion filled with errors.

    How can this logo of a satanic group be allowed to print in the monetary instrument of the country with the constitution believing in a God asking for HIS Divine Providence?

    In Freemasonry the god of the secret societies is covertly substituted for the One True God. This false god is identified in the Masonic lodges as “the Great Architect.”

    Since Freemasonry has attempted so strenuously to claim that they are just a “good ole boy” fraternity that does good works and has a good time, most people will be shocked to learn the bitter truth behind that facade. Freemasonry certainly isn’t “free”. It could cost you your soul.

    Once Masons progress to the higher degrees and they finally believe the ‘Masonic lie”; and they will ‘understand’ that the Grand Architect of the Universe is not the God of the Old or New Testaments, but instead is the perfect dues paying Mason in good standing, who like the statue example above, they chipped away at, and finally shed needless ‘layers’ from both their old useless religion, and from loyalties outside of Masonry, which all along were what concealed them from their own personal true image, as the one and only real God.

    Freemasonry is one of many apostate religions dedicated to the destruction of traditional Judaism and Christianity. Those who aspire to grow in their closeness to Jesus Christ, and to increase their discernment in these days, would do well to stay very clear of Freemasonry. Are your loyalties with Jesus Christ or are they with the lodge? Both are diametrically opposed to one another as you will see below.

    Masons have mixed idolatry, paganism, the occult, Gnosticism, Kabala, fertility cults, Satanism, spiritualism, demonology, and put it into a blender and come up with the Masonic religion. It is not of God! It is a false religion; the Harlot of Babylon. Masons say they offer new candidates “the light”. The light they are actually giving is: Lucifer. The Christian Bible says that Satan walks to and fro on this earth masquerading as an “angel of light”, that many might be deceived.

    An insidious byproduct of Freemasonry is to keep husbands and wives out of churches & away from their children and their homes…

    Satan does not need to receive worship to achieve his goals. All he has to do is to keep a man from following Jesus. Satan knows that anyone who does not follow in the teachings of Jesus does not have God. (2 John 9)

    • PuncanMind

      So, were you a freemason?

  • kismaytami

    Susme! Magtatayo ka nga lang ng isang maliit na negosyo, kung anik-anik na requirements ang hihingiin sa iyo sa city/municipal at barangay hall. Kapag minamalas-malas ka, buwan ang bibiliangin bago ka isyuhan ng permit. Ubos na puhunan mo kalalakad at kaka-antay sa mga permit. Yun pala naghihintay lang ng lagay yung mga pipirma sa city/municipal at barangay hall. Maigi pa sa ibang bansa mag-invest, irehistro mo yung negosyo mo ngayon, bukas na bukas pwede ka nang mag-operate.

  • UrHONOR

    THE moment the SCALAWAGS are kicked out of the system and the SQUALID politicians are replaced with honorable ones, the confidence rate will really shoot up to the high heavens. The fence-sitters will come tumbling down to participate and blend with the economic growth of the country once the doubt is deleted.

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