They're not believe in the Philippines. They simply based everything they said on the country's economic growth. This only means that the economy is doing well. Basing on the World Bank's data, the Philippines is almost a second world country, and the Philippines will achieve that closer to the end of 2024.
Interesting and enlightening. First time I’ve come across a video from ADB. I thought this bank is just reserved and quiet about its projects. I always thought that ADB exists because I see this huge building in Ortigas business district. Thanks for this video.
I hope PBBM make the Philippines rich first, and then they can do whatever they want. Build more transportation, reducing the prices of goods & services.
If only there is a serious fight against corruption, the growth of the Philippines will even be more than what you are witnessing right now. Infrastructure projects are being hindered by political dynasties who did nothing for the people. For example, an ADB funded project Cebu BRT, until now it is still in limbo for so many years because opposing political power are dragging this project down to being cancelled. The sad part is that those who oppose are already in power for so many years and yet they have not done any mass transport project for province or for Cebu city.
@@alma09876 Cebu BRT actually started during PNOY's term, the planning, feasibility study and securing of budget. It was ready for implementation in 2016 but delayed several times during PRRD's term. Now, it is back in an ongoing construction status but then AGAIN it was delayed multiple times dahil may mga humaharang. Ilan sa mga humaharang some of them were known politicians who were in office for so many years but never built a single decent mass transport project for Cebuanos. Tingnan mo yung mga terminal construction ng CBRT walang progress kung meron man kaunti lang tapos papatigil ulit. And now some senators are also calling to cancel the project. 🤣
Too sad, but many projects that were already started since 2019 but the current administration have been stop those projects. Bcause the current budgets allocated into unprogram projects.
When foreign ownership change to 100%. But it must be with allied nations must permit. President, cingressmen, senators wake up. 120 millions filipino peoples needs job. We have younger populations.. ur allied countries may help us through giving them generous opportunity for all. Wake up
100% foreign ownership will cause like in india centuries ago, different european countries will start to own vast lands where companies have bought up the lands
Poverty because a lot of people don't believe in family planning and the church meddling with the government on that same issue. Also the Filipinos need a lil bit more on the discipline side. The government should be more focus on the people instead of fattening their own wallets. If these are all achieved, the Philippines I believe will be one of the richest if not one of the most powerful country.
please grant a 600$ billion Fund to Sri Lanka, Pakistan, Bangladesh, India, Nepal, Thailand, Cambodia, Vietnam, Indonesia, Laos and Africa for infrastructure development and industrial development., to achieve the goal of industrialization .. Asian countries will surpass USA, UK, NZ, Canada and European union countries
Not at all. Learn how GDP grows and sources. If that is your belief, the check Pakistan. A poor country with GDP per capita of $1,500 vs. PH GDP Per capita of $4,300. Pakistan still owes money to IMF and asking for more loans and extensions now. They also have huge loans sa China and Saudi Arabia. PH does not have. Check also the Debt to GDP ratios of all countries. PH is definitely in a moderate state compared to many countries that have huge and bigger debts vs GDP. Go back to school.
Lol, try to learn about GDP to debt ratio if you don't mind, the Philippines gdp to debt ratio has been decreased, it means the country's gdp increased more than it's debt...ibig sabihin po nyan mas may kakayahan ang bansa mag bayad ng utang nito dahil patuloy na lumalago ang economy natin
The Philippines have the highest rating in economic development in South East Asia. With the grade of AAA from most international banks that invest in the Philippines, business tycoons are expanding their businesses in the Philippines because they can borrow more with lesser interest. With that rating the Philippines should take the opportunity to increase borrowing and spending to boost the economic development. When investors give you opportunity to develop your economy, you grab it.
@@pratt88 Philippines has a Grade B2 or BBB-. Only Singapore has a Grade AA+ and Malaysia Grade AA-. Other countries in Southeast Asia are all in B grades. Also in terms of foreign investments, the Philippines has some of the lowest in Southeast Asia because it has a very small manufacturing and infrastructure development figure, with the exception of a much larger defence budget now that it has issues with China. It has also some of the worst investment friendly taxation and policies on land use for foreign investors.
The Philippines has been consistently one of the leading emerging economies in the Asia-Pacific region for the last decade. With a stellar growth of 6-7% annually.
@@KellyNight-qk6os But poverty levels are still high and people are not getting richer. Meaning all that growth is not translated to the well being of the people but lost to corruption and wastages.
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Thank you ADB.. we will work together for the Philippines
Thank You ADB for believing in us 🇵🇭🇵🇭🇵🇭👏👏👏❤️❤️❤️
They're not believe in the Philippines. They simply based everything they said on the country's economic growth. This only means that the economy is doing well. Basing on the World Bank's data, the Philippines is almost a second world country, and the Philippines will achieve that closer to the end of 2024.
Let’s GO PHILIPPINES 🇵🇭 ❤
Thank you ADB🙏🙏🙏
Go PH!
Regional growth should be given a priority,
Thank you ADB!
ADB Thank you
Interesting and enlightening.
First time I’ve come across a video from ADB.
I thought this bank is just reserved and quiet about its projects. I always thought that ADB exists because I see this huge building in Ortigas business district.
Thanks for this video.
I hope PBBM make the Philippines rich first, and then they can do whatever they want. Build more transportation, reducing the prices of goods & services.
tell BBM to stop giving kickbacks to his wife and his crony Romualdez
make it rich? maybe in half a century
👏 👏 👏
Powered by your vibrant educated youth consumers! And amended laws about foreign ownership! And domestic borrowing not exposed to foreign debtors!
If only there is a serious fight against corruption, the growth of the Philippines will even be more than what you are witnessing right now. Infrastructure projects are being hindered by political dynasties who did nothing for the people. For example, an ADB funded project Cebu BRT, until now it is still in limbo for so many years because opposing political power are dragging this project down to being cancelled. The sad part is that those who oppose are already in power for so many years and yet they have not done any mass transport project for province or for Cebu city.
The Cebu BRT project is ongoing construction since 2023.
@@alma09876 Cebu BRT actually started during PNOY's term, the planning, feasibility study and securing of budget. It was ready for implementation in 2016 but delayed several times during PRRD's term. Now, it is back in an ongoing construction status but then AGAIN it was delayed multiple times dahil may mga humaharang. Ilan sa mga humaharang some of them were known politicians who were in office for so many years but never built a single decent mass transport project for Cebuanos. Tingnan mo yung mga terminal construction ng CBRT walang progress kung meron man kaunti lang tapos papatigil ulit. And now some senators are also calling to cancel the project. 🤣
Too sad, but many projects that were already started since 2019 but the current administration have been stop those projects. Bcause the current budgets allocated into unprogram projects.
When foreign ownership change to 100%. But it must be with allied nations must permit. President, cingressmen, senators wake up. 120 millions filipino peoples needs job. We have younger populations.. ur allied countries may help us through giving them generous opportunity for all. Wake up
100% foreign ownership will cause like in india centuries ago, different european countries will start to own vast lands where companies have bought up the lands
90% of our electricity grid is already owned by chinese😂😂😂
@@paulallenpatriarca60% owned by local Chinese, and 40% owned by mainland Chinese. This equal to 100% owned by Chinese 😂
@@alma09876 yawaa hahahhaha
No, not just allied countries. The constitution simply needs some flexibility and updates.
Poverty because a lot of people don't believe in family planning and the church meddling with the government on that same issue. Also the Filipinos need a lil bit more on the discipline side. The government should be more focus on the people instead of fattening their own wallets. If these are all achieved, the Philippines I believe will be one of the richest if not one of the most powerful country.
We all know why there are many poor people. Sin: Many Politicians loving it. Many Poor people unaware of it.
John 3:16
Traffic, corruption, tiring commute
Tell that to 51% of Filipinos living in poverty. Those are the ones being left behind.
The Philippines has one of the worst academic curriculums. Almost 70% of subjects are useless.
please grant a 600$ billion Fund to Sri Lanka, Pakistan, Bangladesh, India, Nepal, Thailand, Cambodia, Vietnam, Indonesia, Laos and Africa for infrastructure development and industrial development., to achieve the goal of industrialization ..
Asian countries will surpass USA, UK, NZ, Canada and European union countries
corruption is the big problem
Mexico has worse corruption and are already a high income country. Saudi Arabia is literally backwards society yet a developed nation.
PI flourishing because of utang
Not at all.
Learn how GDP grows and sources.
If that is your belief, the check Pakistan. A poor country with GDP per capita of $1,500 vs. PH GDP Per capita of $4,300.
Pakistan still owes money to IMF and asking for more loans and extensions now. They also have huge loans sa China and Saudi Arabia.
PH does not have.
Check also the Debt to GDP ratios of all countries.
PH is definitely in a moderate state compared to many countries that have huge and bigger debts vs GDP.
Go back to school.
Lol, try to learn about GDP to debt ratio if you don't mind, the Philippines gdp to debt ratio has been decreased, it means the country's gdp increased more than it's debt...ibig sabihin po nyan mas may kakayahan ang bansa mag bayad ng utang nito dahil patuloy na lumalago ang economy natin
The DEBT-TO-GDP ratio is more relevant than the amount of debt!
Don't be fooled by black propaganda using the "amount of debt".
utang... na loob 😂
Idiot
We all know the ADB is based in the Philippines and it's constant lies to elevate the Philippines when they clearly know there's no future there😂
The Philippines have the highest rating in economic development in South East Asia. With the grade of AAA from most international banks that invest in the Philippines, business tycoons are expanding their businesses in the Philippines because they can borrow more with lesser interest. With that rating the Philippines should take the opportunity to increase borrowing and spending to boost the economic development. When investors give you opportunity to develop your economy, you grab it.
@@pratt88 Philippines has a Grade B2 or BBB-. Only Singapore has a Grade AA+ and Malaysia Grade AA-. Other countries in Southeast Asia are all in B grades. Also in terms of foreign investments, the Philippines has some of the lowest in Southeast Asia because it has a very small manufacturing and infrastructure development figure, with the exception of a much larger defence budget now that it has issues with China. It has also some of the worst investment friendly taxation and policies on land use for foreign investors.
The Philippines has been consistently one of the leading emerging economies in the Asia-Pacific region for the last decade. With a stellar growth of 6-7% annually.
@@KellyNight-qk6os But poverty levels are still high and people are not getting richer. Meaning all that growth is not translated to the well being of the people but lost to corruption and wastages.
@@Kepalabapakkau6056 I know that very well don't lecture me as if I haven't been knowing the trickling,etc. I just replied surfacely.