WATCH: Global Investment Banker Steven Cuunjieng on Marcos' economic policies during first year |ANC
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- Опубликовано: 15 сен 2024
- Market Edge: Michelle Ong talks to Global Investment Banker Stephen Cuunjieng on the president's performance during his first year in office for this month's 'Stevienomics.'
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I love that he's become a regular guest, wala nang small talk, diretso na sa action. 🙂
Many thanks. Small talk is just courtesy and very short.
good job keeping up with current events
@@dotsdot5608 thanks.
@@scuunjiengI hope that you'll share your own economic opinion in your own RUclips channel🎉
@@juanbagsik9589 many thanks but as of now don’t have the time and my channel is really got some personal posts.
Many thanks for inviting me again
Something to look forward to at the start of the month. Thanks as always for making my 15 minute coffee break an insightful one.
@@HeyRaffy deeply appreciated
Bipartisan politics are the biggest stumbling block for our progress .. why can’t we have a long term roadmap like you have said lack of mfg just like what Vietnam did .. mining instead of raw material we need added value mfg to increase revenue .. I agree with a 30 year plan with every 5 year report card 👍 I hope you will be given a chance to talk to the Pres and present your ideas 👍
@@ricksonong2326many thanks
a true intellectual
Ironically, partly one of the causes of how small the manufacturing sector is because of how PBBM's own father sequestered so many production companies during his 20-year regime that private sector companies found that some 'safer" industries, so to speak, to invest and operate in are in real estate and commercial development. Hence an economy dominated by real estate, services, exported migrant labor/remittances and agriculture, infrastructure, but a laughably small manufacturing sector. So... he might have inherited the problem, sure, but not just figuratively but literally.
inherited the problem, sure, but not just figuratively but literally. LOLS good one
40 something years ago and still being blamed. What has the last 5 presidents done? and all the sequestered business where sold off to 2 or 3 families loyal to the family that toppled him.
Please give Stephen his own show, please!!!!!
Many thanks but no time for that!
@@scuunjieng: better yet , run the country, i'd gladly give my left nut to make that happen
Stephen is trying to impress more the opposite..
Steph never fails to disappoint during interviews, as if it's just 1 minute had pass, he's intelligently blunt, critical and real which listening to him for free is a blessing. Hopefully in my lifetime, I can see our country to be a first world....🙏
Many thanks
I think mali ang pag gamit ng phrase na "never fail to disappoint"..... Kaya po ako nalito sa sinabi niyo..... Ang Tagalog po niyan ay "di nabibigong mabigo" which would mean that 'palagi siyang nabibigo/nakakadissapoint"
He should have a “Noon time show” to elevate Pinoys from Low class to Upper Middle class in another way.
Thanks
Like Stephen, I’m equal parts impressed and frustrated at how our neighbors Vietnam have just shot passed us in terms of tourism (Well, perhaps some other things too , but that’s a discussion for a different day)
They are figuring it out so quickly, and are now able to really show off their own beautiful country . When one thinks about how much of a shorter runway to progress they have had compared to the Philippines over the past decades, it’s almost startling.
I am certainly not advocating for a one party system, but there HAVE to be some learnings we can take from such success stories in the region ..
Thanks, perhaps treating everything as partisan
Vietnam had surpassed the Philippines since the Duterte regime - in almost all economic arena, not just tourism. I've witnessed that since I worked in an MNC that operated in Vietnam, starting as agent and JV operations but went fully owned operations five or so years ago. And they don't even have private land ownership.
You will need a one party system to succeed or at least a stable one party government for 2-3 decades. And you will have to stop politicking and start working. People must want to get rich and not just go to heaven. Birth control and education should be the first priority. You can't invest in anything if you keep spending all your money feeding and managing an ever growing population.
You need investment, at some point you will have to constraint your pride and work with China. China has surplus funds, technology and the BRI. Vietnam is growing because of China.
@@olderchin1558 Major factor behind Vietnam's recent explosive growth was China's slowdown and constricting environment for MNCs including those that fueled its growth (one was my former employer). Vietnam was a most viable alternative to the Pearl River Delta.
@@rolanaguila3273 Vietnam both source from and complement the Chinese supply chain. There are many Chinese companies in Vietnam. I am from Malaysia, China is the largest and most promising market for us.
Chinese tech and products are also making it possible for many industry to grow here.
There are also many Malaysian Chinese companies in Vietnam because of its labor cost and proximity to China. They may have disagreements but they are both communist lead and share similar cultures.
You would expect the Overseas Chinese connection in the Philippines to also find synergy between the two. There are a lot of Chinese businesses in Malaysia.
I am always up for Sir Stephen’s @scuunjieng righteous exasperation on our lack of foresight and severe shortcomings in infrastructure and manufacturing. On point just as always.
Many thanks
Always informative discussion, hopefully a more longer airtime be given to the show.
Many thanks
Oh man! You got to him more time. We gotta hear more of this.
Yeah. I hope the producers give this man a full segment.
Many thanks
I totally agree with Sir Stevie on tourism 👍👍👍!
Many thanks
You know what.
It feels good to listen to someone who makes sense.
You can listen to him, knowing you will learn something. Nice 😊
Many thanks
sir stephen speaks so clear of varied topics that I always await if he's going to be a guest in anc. thank you sir stephen for valuable insights
Deeply appreciated
Amused at his intelligence and bluntness
Many thanks
He is by far the only one who talks sense!!!! Am impressed!
Many thanks
This man Stephen Cuunjeng should be hired as a consultant by Neda or DOTR.
"Anti poor because its expensive" is never a developing .... So "update!" as Sir Cuunjieng exhorted vivantly.
Give this guy more air time.
Thanks
Wow. All spot on.
Many thanks
Can you change the host? Lol😂😂😂 Better put Stephen to this show ❤️❤️❤️
Even small organization has long term strategic planning. The government needs a paradigm shift. Mr C. Another convincing viewpoint, Mr C. keep your passion alive.
Many thanks
ironically PH democracy is setting us back since partisan politics keep focusing on the wrong problems. china and vietnam dictatorships have a better chance at forcing long term plans. executing long term plans in the PH not possible until our democracy matures.. how long will it take for our democracy to mature? chicken and egg.
You're absolutely right, we have too much people, too little productivity.
Many thanks
We had a tidal generator installed by a company in an island in the Visayas region years ago also a wind energy tested by a Japanese company in the North of Luzon I wonder why the gov never pursued those or increase its capacity?
Why not make Sir Stephen an economic adviser of BBM
he already mentioned before that he doesn’t like working in the government
Many thanks but they are not interested in me and I am not interested in being in govt
If i win the lotto i want Mr. steven to manage my money 😂🎉 My fav banker!!!
Very kind but am not a fund manager just an ex investment banker!
That interview is on point at every level- manufacturing, energy, and tourism
China EV is as low as 5k dollars a unit nowadays. Used to be 50k a unit in the US .
R&D is expensive, but when everything is in place and scaled up, things will change. He is a great guest
Many thanks
I know he writes op eds for the Manila Times but seeing Mr. Cuuenjieng's online presence is a pleasant surprise. He is rare as gold dust. Refreshing is his just-the-facts-no-drama-no-name-calling unvarnished style of commentary on a sensitive topic. I can count very few, perhaps half a dozen or even less, Filipino online commentators who demonstrate depth, balance, and commitment to facts that are his hallmarks. What a wise investment of my time to listen to him!
By the way, he deserves a wider audience and a better platform than the Manila Times. He stands head and shoulder above the other opinion writers for that sketchy newspaper.
Always an insight, thank you
Many thanks
When I went to Singapore, I had a talk with my manager and he had the same opinion (we were cool enough to talk about politics even though Singapore politics is different). He said we suffer extreme partisanship and no continuation between administrations.
I always look forward to hear his analysis.
Many thanks
We need MACHINES TO PRODUCE MACHINES
I like how he doesn't sugarcoat things and address the issue to the point
Stephen for president
LOVE THIS GUY
Many thanks
Toooo short a discussion, should have been at least 30mins!!!
Thanks
agree
Thanks
Then why our government is so slow on all these issues? If we are slow and lost all the opportunities, we all will suffer!!! Please tell it to the our officials or the president!!!
Because of corruption
We should STOP mining that are not processed to raw materials for production. Mining and processing does not make enough income. The income from processed goods makes more than the income from mining and processing of ores. We should also promote Engineering as a premium degree than us producing more Lawyers and accountants,
The question is if the government will act quickly to address the problems that make investors hesitant to invest in the Philippines. Unfortunately, the government is very slow and unclear on what it will prioritize. They're focusing on risky policies such as the Maharlika fund.
one of the biggest issues w manufacturing is cost of power. PH power costs 3x of Thailand and 4x of vietnam. and then theres all the restrictions and corruption in setting up shop in the PH. and then theres our poor road networks and infrastructure. there is NO WAY to solve this quickly. as Stevie says, it needs to be long term solution that goes beyond the current and next presidents.
Where is the PHI economy heading if it continues this kind of movement? How long will it take before we reach a rich economy status? I want the resource person to answer those questions. Or maybe he can give his own strategies and explain how understandable it goes.
Thanks please prior shows where the topic you raise was discussed
ito yung dapat nasa gobyerno e, hindi yang mga tulfu na yan, na parati nalang mahihirap ang sinasabi
Salamat
15 min is too short for this segment. He can’t finish his thoughts without you needing to end.
Please keep up to date😂😂❤❤
Dang Mimi, y u got to cut Stevie off everytime.
In fairness we really just run out of time!
Michelle should stop typing when the guest is speaking. It's rude and annoying to hear. Maybe buy a quiet keyboard.
Yes with a blue switch mechanical keyboard :D
You hit it right on the head steve,too much politics,no comprehensive long term plan, virtually no manufacturing, thousands of factories just left china,how many relocated to our country?
Many thanks
Hi Mr. Stephen CuUnjieng. I think we should convince the billionaires of our country to create more manufacturing companies. They are all building malls and condos. I know this first hand because I was in real estate for almost 10 years. Real estate and malls is "easy mode" for billionaires. I think they should carry their own weight and build something substantial, like a Manufacturing Company.
Govt must solve the power n energy problem first, otherwise nobody will want to venture into Mfg bec of loss or no profits.
@@albertchun6890I hear you. I worked in the real estate sector for 10 years. Many of the richest in the country are in the sector. Real estate is the "easy mode" way to stay rich. However, it does not dramatically improve the lives of many Filipinos. Imagine this, how much is the average sweldo of all mall employees, compared to the average sweldo of all employees in a manufacturing company like a San Miguel or Nestle Philippines.
please keep up to date !!! 🔥💩
Typical comment about anti-poor with the renewable energy. Good on you Stephen, showing your irritation. LOL
Thanks
Infrastructure is the.last card for the future.
I'm previous critic turned supporter
Mabuhay ang pangulo PBBM at ang sambayanang Pilipino
utot ahaha
Mabuhay ang kulilat na bansa.Mga leaders Dorobo.
@@leonardomerioles4661 ay, 6.4% gdp natin in ASEAN .. di ka updated?
@@redpill9723DP growth is meaningless if it does not translate in affordability of goods and improvement of services. Mataas ang GDP growth dahil isa tayo sa mga huling nagbukas ng ekonomiya. Kaya ngayon, gumagastos ang Pinoy. Pero pagdating sa laki ng mga ekonomiya at lakas ng industriya, lamang ang mga kapitbahay sa ASEAN.
@@joellicup6557 ah so meaningless din ang pinagmamalaki ng mga yellows gdp nong time ni pnoy, if compare non mas mura ang presyo ng mga bilihin, marami din hirap dahil sa kakarampot na sahod. kung di mo nakikita at naappreciate ang achievement ng bansa, tumanda ka nalng ng paurong.
Many US companies are leaving China and moving their manufacturing to Vietnam and India. But
they're not coming and investing in the Philippines! Why not? Is ít the government bureaucracy? Is it the unskilled labor force? What is it then?! We desperately need the FDI!
high cost of power, which is inherent, we will skip industrialization and go straight to service economy.
@@CharlieTangoLaw But we're already in a service economy. How can we just skip industrialization? If we had oil or natural gas, then yes. But we don't.
We Need Energy, even us ourselves pay 9-12 pesos per kwh, in vietnam they are paying from 3-6 pesos per kwh, they are closer to China (raw materials), they are not frequented by typhoon
@@djakkey why relying to much to US company?
Why don't boost our own industries?
@@djakkey FDI will only makes our economy worst without our own industries.
Hindi mo ba alam yung Japan at iba pang yumamang bansa hindi umasa sa FDI?
Marcos, watch out! Don't be fooled by senators and congressmen!
Renewables are cheaper if you are the manufacturer.
Philippines manufacture solar panels??? Impossible.
Infrastructure, infrastructure, infrastructure!
Over Infrastructure means more corruption. Corruption lead to poverty.
Vietnam don't have infrastructure like what the Philippines are doing.
Their infrastructure is for the sake of it's people not for corporate greed.
No traffic in Thailand
The first step for economic progress is to first secure the livelihood of the people.
Sabi ni prof solita monsod bagsak nya c bbm sa economic subject nya, papano naging intelligent cya?
Many smart people don’t apply themselves in school. Moreover Monson never taught him as he never went to UP. She tutored him for a short time. I am not questioning her judgment which she is entitled to but she never flunked him as he was never her student
Why is cu unjieng performing a role of a marcos apologist?
D mo kailang sobra matalino wag mo lang politikahin ang trabaho. Kahit anu sabihin nyo kay bbm hamak na mas natural na matalino sya kumpara sa karamihan. Si lenie nga sabi nila matalino pero puro kabobohan ang alam ultimo 2 batas ng ginawa nya d nya alam or baka hinde naman sya gumawa tlaga.😂
Kahit pa mag 20% ang gdp natin wala pa ring sasabhin matino yan. Listen to objective economists persons like this dude being interviewed
@@mikelangelo818well, he’s telling the truth. If you keep up with PBBM’s speeches and ideas, you’ll see that he’s smart. I know that the dilawans look down on him but the truth is PBBM is way better than they think. I don’t think Leni would have done better if she was elected president.
I like Vietnam
ang mahal pa din kaya ng solar
Ang utang ng Bansa is 14trilyon nakakabahala na/parang walang. Planong mabawasan /pag ganito ang mga sistema ng mga statesman na Utang must go on/Baka maabot natin ang Quadrilyon na utang/tolerable ang corruption sa Bansa napakaluwag/nakakalungkot isipin sa future generation
Nuclear power plant
political system is also a big factor. these are communist and communist like regimes/countries where things are getting done faster and less of opposition. we are a democracy where things move slowly because everyone has a say or factored in.
Rather than a form of govt, it's more like lack of love of country, and patriotism and more of greediness.
. . . we will eat ze bugs
Where were you Mr counjieng when the dilawan sold gov corporation, and sequester and sold factories. Where were you when gov dilawan sold express way. Why suddenly your speaking shortcomings of this new government
Same thing happens in the UK, in the 1980's privitazation is everywhere, governments were hoping that private entities, whom they sold these industries to, would turn them around and make them profitable, some succeeded, like the cheobols of SK, but here in PH, they did not, baka mali ang pinili ni Marcos Sr na mga cronies...