PH-Australia trade ties under Marcos presidency | The Final Word

What is the state of the country's trade ties with Australia nearly a year into the Marcos presidency?

Let's get the thoughts of Rafael Toda, President of the Australia-Philippines Business Council.


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[winniefooh]

Here goes Rico again with his underlying innuendos....things do not happen overnight.

[rondayoimpe]

Rico Hizon always sounding biased most of the time.

[monmendoza]

Philippines, Lowest fdi in asia? You know why? Because of the economic restrictions in our 1987 constitution. Restriction should be on statutory legislation not on constitution. But some mainstream media do not support economic charter change😢😢

[chrisk]

Export products not people! Every other country does this….

[alfredodeguzman]

Push mo pa Rico Yung nais mong palabasin😅para makakuha ka ng scoop mo😂 Bias na media!

[ecaps]

foreign market and investment are good but there are also losses and risks.
ph=farming, energy resources, and other resources. compare to other location, desert, wild fires, cold, seasons, and water issues. and wood is the best material.

[philipages]

This is great if we can keep the oligarchs and their cronies away from the incoming foreign investments. We need good governance. Where's is the oversight to make sure these funds don't end up in the wrong hands of crooked officials.

[roquecamillo]

Ano ba yan host kaagad agad ang investor pumunta ng pinas nangangamoy pinklawan at dilawan....

[mugiwaramugiwarano]

You want investors? First support nuclear powerplant

[alaindelon]

It has been for many many years that the Philippines has been lagging behind other ASEAN countries in terms of foreign investments into the country. One reason that I know why foreign investors chose other ASEAN countries for manufacturing is electrical energy. MERALCO made a business study in the mid 1990's of the country's electrical energy sector. They have concluded that the Philippines has the most expensive electrical energy cost services in all of the ASEAN countries. Foreign Manufacturing companies would need lots of electrical energy grid as well as abundant water supplies. Water supply is another factor that the country does not have enough of it. Manufacturing companies that deals with metals, fabrics, leather, canning etc. would require an abundance of water supplies. The country does not have enough of these utilities to go around & they are expensive. Something has to be done before the country can attract more of these foreign investors. Third, is traffic. Businesses losses money per hour on traffic snarls, from Metro Manila to the bigger provinces like Cebu, CDO, etc. That's my 2cents.

[manniejavilla]

my take to this is big foreign manufacturing cmpny will start to come once corrective measures in electricity production put into place, i know this is on top of bbm priorities