Can the 🇵🇭 Philippines Catch Up to 🇸🇬 Singapore’s Economic Success? w/ Orion Perez D.

This topic has been on my mind frequently, especially in recent times. The significant wage disparity among Filipinos is a persistent concern. I can't help but ponder the correlation between widespread bribery and the low wages in the Philippines. The sheer number of OFWs and the trend of entertainment industry figures transitioning into politics seem to highlight a deeper systemic issue. When financial stability is elusive, what options are left? Moreover, the healthcare situation adds another layer of complexity – the coverage and costs can be overwhelming, particularly for breadwinners facing illness. Many many thanks for covering this topic.

Hi everyone! 👋 Orion and I are passionate about seeing the Philippines thrive. While we discuss sensitive topics, our goal is to encourage meaningful dialogue about creating opportunities for Filipinos, fostering growth, and inspiring positive change. Thanks for watching and being part of the conversation! 🙏

CoRRECTtheCONSTITUTION
REPORMAsaSALIGANGbatas
Constitution to LEGISLATION (ECONOMIC SYSTEM)
House of Representatives
Senate

Ang isa sa mga pangunahing isyu ng kahirapan sa Pilipinas ay ang estrukturang pang-ekonomiya at ang mga patakaran na nakapaloob sa 1987 Saligang Batas. Habang may mga layunin ang mga probisyon ng saligang batas na ito, partikular sa pagprotekta sa mga lokal na negosyo, maaaring maging hadlang ito sa mas malawak na pag-unlad ng ekonomiya at sa pagdami ng mga oportunidad sa trabaho.

Mga Isyu sa Kasalukuyang Sistema ng 1987 SALIGANG BATAS sa pang ekonomiyang batas sa dayuhang pamumuhunan:

1. Limitadong Pondo para sa Pamumuhunan:
Ang 60% na limitasyon para sa mga lokal na mamumuhunan at ang 40% para sa mga banyagang mamumuhunan ay maaaring nagdulot ng kakulangan sa malakihang pamumuhunan na kinakailangan para sa pag-usbong ng iba't ibang industriya. Dahil dito, ang mga lokal na negosyo ay nahihirapang makipagsabayan sa pandaigdigang merkado.

2. Kakulangan ng Oportunidad sa Trabaho: Kapag ang mga banyagang mamumuhunan ay hindi nakakapasok ng halos 100% sa mga industriya, nagiging limitado ang mga pagkakataon ng mga Pilipino na makahanap ng mahusay na trabaho. Maraming tao ang napipilitang umasa sa mga ayuda at handog na tulong mula sa gobyerno o mga politiko.

3. Inefficiency at Kakulangan ng Inobasyon: Ang mga kasalukuyang regulasyon ay maaaring nagiging sanhi ng pagkabansot ng inobasyon sa mga lokal na negosyo. Sa isang mas bukas na sistemang pang-ekonomiya, maaaring mas mabilis na umusad ang mga bagong ideya at teknolohiya na makikinabang sa mga tao at sa buong ekonomiya.

Rekomendasyon para sa Pagrepaso sa ECONOMIC SYSTEM ng 1987 SALIGANG BATAS:

1. Repasuhin ang Mga Limitasyon sa Foreign Ownership: Isang pragmaticong hakbang ay ang muling pag-aaral sa mga limitasyong ito upang hikayatin ang mas maraming banyagang pamumuhunan na makatutulong sa paglikha ng mas maraming trabaho.

2. Pagtutok sa Lokal na Entrepreneurship: Dapat bigyan ng higit na suporta ang mga lokal na negosyante, tulad ng mga mababang interes na pautang at mga pagsasanay sa pamamahala at marketing, upang mapalakas ang kanilang potensyal na makipagsabayan.

3. Pamumuhunan sa Infrastruktura at Edukasyon: Ang pagpapalawak ng imprastruktura at pagpapabuti ng sistema ng edukasyon ay mahalaga upang mapataas ang kalidad ng mga skills ng workforce. Kailangan din ang mga pagsasanay na nauugnay sa mga hinahanap ng mga industriya.

4. Pagsasagawa ng Pagsusuri at Monitoring: Mahalaga ang regular na pagsusuri ng mga patakaran at regulasyon upang masiguro na sila ay nakatutugon sa mga pangangailangan ng bayan at sumusuporta sa pag-usbong ng ekonomiya.

#Conclusion
Sa kabuuan, ang pagrepaso at pagbabago sa mga umiiral na patakaran ng 1987 Saligang Batas ay isang mahalagang hakbang upang mapabuti ang kalagayang pang-ekonomiya ng Pilipinas at mabawasan ang kahirapan. Sa pamamagitan ng pagbibigay-diin sa mga lokal na negosyo at pag-aakit ng banyagang mamumuhunan, maari tayong magtayo ng isang mas matatag at mas masiglang ekonomiya na nakikinabang sa lahat ng Pilipino.

The potential of the Philippines is in the young population of the country.
What I like to see is, the government needs to distribute the wealth and businesses evenly between 3 big islands.
Most of the infrastructure are built mostly in LUZON AND SOME IN VISAYAS.
MINDANAO somehow always gets the end of the tail. Mindanao is rich in natural resources and has a thriving agriculture.

Somehow, these young generation especially those with lower education must be put to a production
job such as merchandise business like the Amazon. I heard Amazon would like to build a distribution center.
Instead of pawning these people to the Middle East to work as a nanny finding themselves rape, discriminated, abused and
sometimes being killed.

The stupid politicians in the philippines is to blame….many of them are involved in business and are partners with foreign companies…they make big profit by lowering the standards in salaries etc. many of big Filipino entrepreneurs who are in politics as well are greedy monsters….

Hello both, my first time listening to both your very interesting conversations. I agree that corruption would not be answer to better progress, just look at China, even Korea, Japan & Taiwan where politicians often caught for corruption. While I believe that foreign investment is important but is not most important factor but meritocracy. Just look at East Asia, or even Vietnam now rising, and also in America and Western Europe, where is often not the political leader, but that excellent "senior & middle" management of government, though corrupted, always makes the right decision, long term for the country. Just like any successful corporation, not so much of C-levels but the 2 – 3 layers below them that make the difference, even if they have most average workers.
Reason why Malaysia and many places in South East Asia not keep up with East Asia is affirmative action and not investing enough in educating their population.
And @G5Philippines,, there been academic study (by South American economist – Hernando de Soto) that showed how some countries over the centuries changed the relatively laid back farming populations to entrepreneurs through "land reforms" (started from France, Germany, then Japan copied, later Taiwan & China), where small plots of land given to farmers who keep what they sow, and within 1-2 generations created who generations of competitors.
If Philippines could reform to adopt meritocracy, and then land reforms, am sure could change it to the next Asian economic Tiger.

This is an extremely slow long interview.

Is he shouting?

Singapore?! Really?! Philippines can’t even catch up with Vietnam, much more Singapore. The biggest problem in the Philippines are the Filipinos. 31M to 32M voted the Uniteam. The Philippine government & the few super rich are intentionally keeping the Filipino masses poor to enslave them & leave them powerless.

Don't give up Mr Orion keep on fighting for the good of the country.