ADB says the Philippines is the next "Asian Miracle", sees 1st world status by 2030-2040 >The Philippines is one of the most restrictive places when it comes to foreign investment. That will soon change once Congress removes those restrictive limitations before Congress ends on June 7. >Laws were signed recently giving funding to potential "unicorn" startups within the month. He has also signed laws cutting red tape, modernizing the corporation law and liberalizing rice imports. >All countries who experienced massive liberalization and an ambitions infrastructure drive in Asia has experienced the "economic miracle" that famously hit China and Japan
Are you ready for the ASEAN and Filipino decade, Jow Forums?
I agree, OP. We are finally getting bridges, expressways, trains, subways, ports, arenas, parks, walkways, bike lanes, etc we are getting our first smart city as well I've never seen so much development as a kid in the 90s and 2000s I hope all these projects get finished
Joshua Nguyen
I know. I haven't seen this much development in a long time. My fucking city had so many building built in such a short span of time too.
Are we finally gonna be firstoids?
Evan Taylor
they keep adding up the deadline for sure next year it will be by 2040
>Their women will always be sex workers worldwide Most here are nurses.
Cooper Edwards
My aunt in California is a doctor. Legitimately passed medical school here and she passed the physician exam in the 80s. But she immigrated to America in the early 90s, and, I shit you not, worked as a person cleaning computer chips because she couldn't find a job in the medical field then.
and will be all wiped out in a random tsunami and pinoy women will be sucking U.S Navy cock in exchange for MRE leftovers
Lucas Gray
The only construction that happened in my provincial city right now are new mall chinks malls then road paving in which things are delayed as fuck.
No Bridges and Bike lanes nor new ports. the game changer was the new bus station that directly links to the port which is 2-3 hrs away from here but that happened in 2014 same with a bus lane that directly goes to Pasay in a station that's close to the airport, it allowed the main market plaza here to get more deliver and stock thier goods.
Christopher Myers
>first world by 2040 Yeah fucking right What a joke t. Makati user
Robert Richardson
you should learn Spanish again to make this
Zachary Robinson
Let's not be negative. There is potential for the country to grow 7-8% and to even double digits if we get the infrastructure and business climate right. When people get jobs, a cycle happens that benefits us all, makes smarter people and votes for smarter choices, and that's a win win cycle It is very, very possible for poverty to be eliminated by 2040. Also, our poverty rating went down 5% in three years. That's saying something.
Kayden Gonzalez
its a prediction and base on something that can easily go up or down 6 months from now.
It only goes down because they Pinoy economy is completely based on you monkeys leaving the country to perform slave labor overseas so the percentage will go down the more pinoys go to other countries to do sex work
Carson Green
>sells your country to China Try not to sell your soul to China this time
>2030-2040 won't you be just another Chinese province by then?
Alexander Smith
The jews did the mass emigration thing and look at them now, they control your country
Hopefully not. Duterte's message against china keeps changing, telling them to back off, then shaking hands with Xi, then telling him about the WPS claim, then hugging Xi. Really don't understand the dude, but he needs to fight for our country.
Samuel Campbell
It's debt traps for the most part, he is dumb and retarded enough to our natural resources(in which we can utilize ourself) as collateral
There is a difference between bankers and SEA monkey indentured servants
Anthony Ward
You Pinoys should have just played with Japan and Korea if you don't want your infrastructure breaking in 3 months t b q h Better yet why not just ask for Euro investments?
Thomas Myers
Why do you hate flips so much? Are you a chink?
Kevin Ward
We do, all of them, especially Japan. They've given us billions already. There are also some investments only China is willing to fund, like the Mindanao Railway This country just wants that Belt and Road money, though you can argue that some other country could provide some of them better.
Liam Phillips
>The jews did the mass emigration thing
They didnt though. They were forced. The romans kicked them out because they kept rebelling wich was a pain in the ass due to the massivly fortified cities in the area. They were the jihadis of their day. Romans kicking them out of palestine was their final solution.
Joseph Edwards
Most of the trains are going to be from Japan thanks to the previous admins deals.
but our energy sector which is crucial for those trains to be powered in the first place is going to be chinkified even more including internet. and National security equipments and on to of the unfair debt rate taht we have to pay. its so yikes tier
>There are also some investments only China is willing to fund Why not fund it yourselves
Noah Perez
And by the way, most of these women are feeding families or sending money back to the philippines with sons and daughters getting proper schooling. They end up becoming doctors, nurses, STEM and so on. Isn't that what happened to the jews and israel?
Why fund it ourselves when other more fortunate nations could fund it for you? At least take advantage of the fact you are 3rd world, the rest of the world pities you more.
Charles Peterson
Why are you guys so delusional. India will be a superpower long before Pinoys become a respectable and honorable people
>Only China is willing to fund You're gonna get fucked by this especially when they start going around saying that "Filipinos betrayed us glorious Zhongguo for firthy Japan dog/White imperialist" or they'll start pumping more money into y'all until it comes to a staggering point that you can't pay for it
John Price
>Euro investments? We have lots of investments with Japan infact some of them looks like its for free. they only reason why alot of the trains and infrastructure are delayed because this retarded president and his cronnies are canceling it in favor of chink ones. the chinks gives them extra bribe on the side and imports thier own shitty construction material illegally.
I saw a chart sating the netherlands and belguim/EU are actually bigger investors than china here. but they probe thier investments, meaning they will ge to see where thier money goes and once again this imbecile corrupt president and his cronnies will not have that since it will expose that they are pocketing the money.
Carter Sullivan
t. 1/4 Han-chinese hapa mystery meat
Connor Reed
>implying Pinoys have money to do anything themselves
China is going to turn the entire country into an unsinkable military base and control the economic zones and sea lanes
Austin Bennett
All that happens is that western and chink corporations will smear your politicians so they can put you in sweatshops. Sure the gdp will rise but most of the money goes into the pockets of irrelevant show-off flips qnd smeared politicians, up to you if you like that.
Lucas Hall
Subic port is already in trouble and the one in Batangas is going to be converyed into some kind of power plant. all of which they will own once we cant pay the debts like what happened to Srilanka
Levi Nelson
Why do mutts so desperately want to see others suffer? Are they even human?
Isaac Morris
See what I mean Why sell your soul to the devil for a quick buck when there are other options for yall Hell wasn't there a point where Korea and Japan were ready to sign economic and investment aid to Philippines during the SCS standoff?
Hunter Cooper
>Why fund it ourselves when other more fortunate nations could fund it for you? >At least take advantage of the fact you are 3rd world, the rest of the world pities you more. China gives loans not handouts and when your government defaults on them they end up with some incredibly good deals for them (like profiting off of what was the reason for the loan in the first place). How likely do you think you're country can pay back the loan? You could probably get the same shit from the world bank.
Colton Powell
Honesty is not sadism. Pinoys have never been anything other than a subservient race that have been cucked by everyone who wanted to invade. Their delusions of grandeur is only going to get them cucked by Chinese overlords
Aiden Hill
>jews getting btfo by romans was just a plan to have an excuse to infest a band of mutts 2000 years later Alright.
Evan Parker
Cringe. Empires and civilisations rise and fall. Many once great civilisations and their people have dissapeared. Former savages became civilised empires. Germanic tribes did. Arabs rose from dirt poor goat fuckers to controlling the entire mena region and fell to dirt poor goat fuckers again (where they arent oil rich). Prosperity is easily within their reach.
Nicholas Richardson
Well, that's what happened, what can we do.
The ADB and the World Bank has already said we are not at risk of any debt trap, but you are right, we need to be more vigilant of people trying to abuse our economic development
Don't listen to that guy, he's uninformed as hell that it's embarrassing. Kinda like arguing with Jow Forums. He's probably gonna reply to this post until I stop replying with lies and strawmen and moving the goal posts or whatnot.
Subic port is not in trouble. Only the Hanjin ship port is, and many companies are lining up to save it, it is in receivership right now. Second, that batangas shit is just fear mongering and him making up facts again, in fact the government and private businesses have expanded the port.
Andrew Sanchez
Whatever la Yall want to be 1st world you better do it right
Jaxon Clark
He's a chink probably. I don't know why he's so mad.
Landon Gomez
I hope you will make it :)
Nolan Gonzalez
Then why do they keep immigrating to other countries?
Isaiah Roberts
>America gives aid >China give loans to countries that they know cant pay and take control of what they built Ahh yes we cause the suffering and China is benevolent.
Jaxson Collins
We will make it. It is happening little by little. Once the law to open up the country gets passed, a great economic upheaval will happen. The business analysts here are already saying that will could change a generation, though it could be unconstitutional. Why don't you want us to make it, ASEAN user?
Sebastian Parker
Pinoys can't rise and fall because they are always at the bottom. They aren't even considered Asians because they have a culture that is a product of invasion and cuckoldry.
Ryan Nelson
Maybe because life is and is still hard here. 1st world status doesn't happen overnight. Do leafs hate Pinoys?
America gives jack shit compared to China and Japan. Only when Duterte started standing up to America did you start giving more aid.
Anthony Nguyen
>T.Zhang
Luke Harris
Hello Zhang.
Mason Ramirez
Where did I mention china you imbecile? I just oppose your stormfag view of pinnoys always staying poor because of inherent inferiority.
Nathan Robinson
He is Chink diaspora. They absolutely despise Filipinos for some reason.
Brayden Flores
Pinoys hate each other plenty
All the women can be found dating white men while Pinoy "males" are always short and fat virgins
Mason Wright
Pic related. In OECD, Flipland is one of the most restrictive in terms of investment. The red tape in this country is also unbearable. But these days there's a massive computerization program.
Don't count out Indonesia. It's gonna be a large force one day. It's because the country is pretty much growing economically, and it has been for more than a decade now. It's nearing a point of breakout. The reason why people would choose Vietnam over the Philippines is that Vietnam is very open, while Flipland is protectionist. Eventually, that will change. There could also be peace in the South for once, and it's potential to growth is very high.
Connor Nguyen
>I just oppose your stormfag view of pinnoys always staying poor because of inherent inferiority. Different poster, I have flip friends and dont share his views.
Daniel Lee
>Pinoys hate each other plenty All the ones I know in real life get along well even ones from different areas. The ones here not so much.
Tyler Gray
I fucking hate diaspora
Lincoln Ortiz
>How likely do you think you're country can pay back the loan? I dont think they plan toothey just want to sell it off for his personal gain.
gdp is acutally slowing down according to The business analysts here.
>However, we believe that in the case of the Philippines, returns from large-scale public-led infrastructure projects are typically not maximized due to hasty appraisal and a sub-optimal public procurement system. This could end up increasing the country’s debt burden without commensurate increase in productivity, weighing on growth potential,” it added.