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IWG, DLI to build 6 new workspaces in Mindanao
source: Manila Bulletin
IWG, the leading flexible workspace provider with brands such as Regus and Spaces, has signed a franchise partnership agreement with Davao-based property developer Damosa Land, Inc. (DLI) to build 6 new flexible workspace centers across Mindanao.

Under the franchise partnership agreement, DLI will be granted the exclusivity to develop and operate eight IWG centers across Mindanao in the cities of Davao, Cagayan de Oro and General Santos.

“We recognize the strong demand from Mindanao, and are pleased to offer this partnership in cities of Davao, Cagayan de Oro and General Santos to help the local economy create new jobs, stimulate business growth in the surrounding area and improve productivity for enterprises,” said Kenley.

Ricardo F. Lagdameo, First Vice President, said, “We are very excited to deepen our partnership with IWG. This franchise partnership will allow us to bring the world-class benefits of flexible working to the businesses and professionals in Mindanao. Our first Regus workspace has been a great success, and we aim to replicate this in our future franchise centers.”
 

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What's your stand on 100% FDI restrictions? Do you think it will help our economy (of course)? What will be its effect in big companies like Ayala, MPIC and SM? Is it suitable in the Philippines with to much politics?
 

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What's your stand on 100% FDI restrictions? Do you think it will help our economy (of course)? What will be its effect in big companies like Ayala, MPIC and SM? Is it suitable in the Philippines with to much politics?
Foreign investors must qualify and that qualifying agency is the DOST. That is on top of the payment of paid-in capital. If the new investment is not utilizing "new technology", I guess it doesn't qualify. It's kinda vague there but I hope DOST is ready with these jobs given to them. The bad thing is this new law is that it doesn't help in providing new jobs to our professionals. The new law reduces the requirement of hiring at least 50 local hires to about 15! Our people will still be going abroad to find better-paying jobs!

Ayalas, Sys, etc might not be affected. If they will, it's none of my business. The most I can see is the loss of opportunities for them to take part in any future ventures as the investors can own the businesses 100%. Methinks they have their niches already covered there. If we limit investments, we're just like bailing water off from one side of the swimming pool and pouring it on the other side!:eek:hno::eek:hno:
 

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Foreign investors must qualify and that qualifying agency is the DOST. That is on top of the payment of paid-in capital. If the new investment is not utilizing "new technology", I guess it doesn't qualify. It's kinda vague there but I hope DOST is ready with these jobs given to them. The bad thing is this new law is that it doesn't help in providing new jobs to our professionals. The new law reduces the requirement of hiring at least 50 local hires to about 15! Our people will still be going abroad to find better-paying jobs!

Ayalas, Sys, etc might not be affected. If they will, it's none of my business. The most I can see is the loss of opportunities for them to take part in any future ventures as the investors can own the businesses 100%. Methinks they have their niches already covered there. If we limit investments, we're just like bailing water off from one side of the swimming pool and pouring it on the other side!:eek:hno::eek:hno:
That FDI restrictions with qualifying requirements are existing now. With the PEZA and economic zone.

Its not the ideal FDI that I'm talking about. Full foreign ownership without restrictions is the FDI Im talking about.
 

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Actually, it will have a slightly negative to every Asian country, not only The Philippines.

Coronavirus outbreak to have ‘slightly negative effects’ on Philippine economy
January 29, 2020 - 9:12pm

MANILA, Philippines — The deadly SARS-like virus that’s threatening Asia’s tourism industry and rattling financial markets will likely have “slightly negative effects” on the Philippine economy, a global bank said Wednesday.

More than 130 people have died since the new strain of coronavirus emerged in China's Wuhan, and millions are now under an effective quarantine.
 

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Actually, it will have a slightly negative to every Asian country, not only The Philippines.

Coronavirus outbreak to have ‘slightly negative effects’ on Philippine economy
January 29, 2020 - 9:12pm

MANILA, Philippines — The deadly SARS-like virus that’s threatening Asia’s tourism industry and rattling financial markets will likely have “slightly negative effects” on the Philippine economy, a global bank said Wednesday.

More than 130 people have died since the new strain of coronavirus emerged in China's Wuhan, and millions are now under an effective quarantine.
mass mag aalala pa ako sa ekonomiya ng thailand ..lalo na masyadong dependent sila sa tourismo
 

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Ito yung mga panahong makakapagpasalamat tayong consumption-driven ang ekonomiya ng Pinas at hindi gaanong nagdedepende sa turismo o exports hehe.
^^

2010's decade was a decade of uncertainty in the world economy.

luckily with our "adnormal" structure of economy mainly relying on domestic consumption, remittances, outsourcing services and Pogo's has shielded us from external shocks..

even as of start of 2020's decade.. with the trade war event and corona outbreak which would affect tourism and trade.plus an uncertain disruption of world economy..it will be a minimal effect in our economy....it is good for none exporting dependent countries.. for "now"... but hope we can develop our manufacturing and industrial sector.. in the long term
 

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^^

2010's decade was a decade of uncertainty in the world economy.

luckily with our "adnormal" structure of economy mainly relying on domestic consumption, remittances, outsourcing services and Pogo's has shielded us from external shocks..

even as of start of 2020's decade.. with the trade war event and corona outbreak which would affect tourism and trade.plus an uncertain disruption of world economy..it will be a minimal effect in our economy....it is good for none exporting dependent countries.. for "now"... but hope we can develop our manufacturing and industrial sector.. in the long term
Yes, we're shielded from global economic disruptions. The negative side of this economic structure of ours is that it tends to yield lower GDP growth rates than those export-driven countries and it breeds higher income inequality among the populace. Correct me if I'm wrong though. All I can say is that, each and every economic structure has its own pros and cons hehehehe
 

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^^

yup you are correct.. but real prosperity is to follow the export driven countries...


hindi lang ako cgurado kung nasa tama ba tinatahak natin... kasi sa lahat ng kapit bahay natin .. tayo lang ang may economic structure na may anomaly...

hopefully we can break away from this latin american syndrome..
 

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^^

yup you are correct.. but real prosperity is to follow the export driven countries...


hindi lang ako cgurado kung nasa tama ba tinatahak natin... kasi sa lahat ng kapit bahay natin .. tayo lang ang may economic structure na may anomaly...

hopefully we can break away from this latin american syndrome..
Latin American syndrome talaga? Eh kung tutuusin mas maganda pa nga macroeconomic fundamentals natin sa kanila eh tsaka mas fast-growing at stable ang ekonomiya ng Pinas kesa sa Latin American countries in recent decades. Sabi pa nga ng iba we have overcome the "boom-bust" cycle eh.
 

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^^

yup you are correct.. but real prosperity is to follow the export driven countries...


hindi lang ako cgurado kung nasa tama ba tinatahak natin... kasi sa lahat ng kapit bahay natin .. tayo lang ang may economic structure na may anomaly...

hopefully we can break away from this latin american syndrome..
Disadvantages lang ng export driven kapag tumaas na yung production cost, magsisilipatan yan sa bansang may murang labor cost.
 

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^^

usually pag yung mga bansa na masyado na nag benefit sa export dependent economy tulad ng china.. yung labor cost nila tataas.. dahil yung bansa yumayaman rin habang lumalago ang ekonomiya... kaya mapipilitan sila mag transition ...sa next phase of development... yung phase na from export oriented to "Innovative driven export oriented".. tulad ng South Korea at Japan...

kaya parang nangyayari pinipilit na ng tsina maging innovative driven economy in the next decade... at vietnam naman ang papalit as the second china replacing it as the factory of the world due to low labor cost... dahil ang tsina mag transition na sa next economic phase ...


Matindi and shenzen yung Silicon tech city nila

 

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^^

usually pag yung mga bansa na masyado na nag benefit sa export dependent economy tulad ng china.. yung labor cost nila tataas.. dahil yung bansa yumayaman rin habang lumalago ang ekonomiya... kaya mapipilitan sila mag transition ...sa next phase of development... yung phase na from export oriented to "Innovative driven export oriented".. tulad ng South Korea at Japan...

kaya parang nangyayari pinipilit na ng tsina maging innovative driven economy in the next decade... at vietnam naman ang papalit as the second china replacing it as the factory of the world due to low labor cost... dahil ang tsina mag transition na sa next economic phase ...


Matindi and shenzen yung Silicon tech city nila

Vietnam at Bangladesh nakikita ko papalit sa tsina
 

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^^

hindi lang ako cgurado.. kung ano ba talaga tinatahak ng Pilipinas or kung anong landas ang pupuntahan.. sa istruktura ng economiya natin..
 

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ang pinas ay isang opportunist. kung anong uso ay yan ang pinapasok. pero at the end of the day, labor only
 

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^^

a blessing in disguise
 

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ang pinas ay isang opportunist. kung anong uso ay yan ang pinapasok. pero at the end of the day, labor only
With a big population and young at that, we could be supplying labor at the very least! But I hope we don't send too much DMs around the world. These workers are prone to abuse and discrimination as per experience.
 
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