Foreign Ownership in the Philippines

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By Foreign Eyes

Featured Photo by Pixabay on

The government is vigorously seeking and soliciting foreign ownership in major development projects in its “Build, Build, Build” program. This solicited investment is in the multi Billion Peso region in the Clark Development Area.

The Government is authorizing and soliciting mega foreign investment by large corporations whilst suppressing micro investment by foreigners who have emigrated and staked or who are considering their future in the Philippines as domesticated Aliens. Foreign Corporations can buy and build any amount of investment. However, Individuals cannot invest their life savings and their on-going pension in developing small scale projects in agriculture or in residential property.
The government is choking small micro development on a massive scale by a multitude of foreigners who would bring not only capital but also foreign expertise and business development experience. There are many ‘baby boomers’ around the world looking for a better country in which to settle, of which I am one. We have chosen to migrate to the Philippines because it is a stable democratic country, respect for the rule of law, English is widely spoken, it is scenically beautiful, it has good medical facilities, low level of corruption and bribery, excellent banking system, excellent electronic communication systems in internet and mobile phone coverage and currently a low cost of living. These baby boomers are from predominantly western countries and have either English as a first language of are excellent in its use as a second language.
If a foreigner buys land and builds a house what are the effects to the Philippines economy. The sale of land enriches a philippino who has sold the land and they are then enabled to invest that money in their own venture. This purchase money has a multiplier effect through the banking system increasing its value many times. The construction of a dwelling also has flow on effects through the supply chain of housing materials creating jobs throughout the Philippines. The construction also has job creation effects in the architectural, legal, banking and local government sectors even before any actual construction has occurred on site. The construction phase employs many casual hire workers for whom seasonal work in farming is limited and they often have second jobs in house construction.
Surely the vision of “Build, Build, Build” should not be limited to the Clark area and to mega corporations. To facilitate Federalism throughout the Philippines and a diversified “MicroBuild, MicroBuild, MicroBuild” the logical extension of the President’s twin strategic vision of Build, Build, Build coupled with Federalism of development.

The sale of land for own use dwellings, Constructions of apartments for rent and micro farming ventures would be facilitated by some relaxation of the rule on foreign ownership of land in the Philippines.



Stop Start Road

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By Foreign Eyes

Jesus says to evaluate the cost before starting a project (Luke 14:28-30).  Is this the story of the stop-start road from Brgy. Binan through Cabanbanan?

Big machines come and punch holes in the existing road, then they go home.  A few months later more big machines come and dig up the ruined road, then they too go home  A few months go-by then men come and put up metal-form work to hold the concrete of the new road.  This form works it for a while as a start testimony to inertia.

Finally, a short stretch of concrete island.   And the whole painful process is repeated at another seemingly random stretch of roadway.

Meanwhile in the real world of jeepneys, tricycles, trucks, cars and people we sit and wait in long queues.  Drivers turn their engines off.  A mute testimony  to Jesus words.

Perhaps the saddest part is the large sign that sits blanky mute advising the progress of the stop-start road.  The road starts then stops.  Traffic stops then starts then stops again.  People stop.  Start and allow extra time to sit stationary in queues.  Jeepneys do one or two less trips per day.DSC06286
Tricycles dodge and weave around the ruined old road.

Perhaps if the the road planners knew Jesus words the Australian acronym would not apply —6 P’s:  Proper, Planning, Prevents, Piss, Poor, Performance.