Cuunjieng: PH 'Import Economics 101' not competitive; Short-term correct but long-term disaster |ANC
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- Опубликовано: 5 окт 2024
- Market Edge: On "Stevienomics," global investment banker Stephen Cuunjieng talks about the Indonesia's nickel industry blueprint and the global labor market.
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Mr. Cu-Unjieng always takes the objective view. His discussions are always credible and compelling.
very kind comment many thanks
many thanks for inviting me again
Learned many from you Sir
@@jojodelima1953 thanks!
I have to replay Prof. Cuunjieng's lectures.
@@felicisimomalinao1981 many thanks
I always look forward to Stevienomics. This man is a trove of wisdom
Deeply appreciated
me too!
@@surferbuoy4690 many thanks
I simply wish he comes out more often!
@@mamu1658 many thanks
Thanks once again. I hope you can multiply more Filipinos like you.
Many thanks
I always look forward to early part of the month Stevienomics. I fully agree to his thesis that value-added manufacturing rather than import substitution is the way to grow the economy.
many thanks
My thesis in college in 1990 was about import substitution policy involving Asian utility vehicle. That’s the reason we never progressed into an export manufacturing economy like Thailand’s.
@@tonyp2601 many thanks
Yes, it's true. Tell this to DA.
Very good advice for our government. The labor market in the US is analyzed, as it is in actual business and hiring behavior of business executives.
many thanks
Love watching them both evrytime
Many thanks
Stevee again with a very powerful insights.
Have a great day always. Happy Birthday Sir !
Many thanks
Arroyo was already on the right track, but the aquino, duterte admins backtracked on mining, duterte even said, "it is a sunset" industry, really ignorant.
Phils in the late 80s-90s lost the cement, steel, energy, fertizer industries which were thriving/starting to thrive.
The Aquino admin actually streamlined the policies, it became more efficient since there are import regulations are placed in favor of domestic growth of local producers.
All was scrapped during the Duterte admin, in favor of the Chinese firms/ventures.
@@WeCube1898 maybe bec the duterte admin econ team also said, "agric is a sunset industry", and proceeded to give it its last blow. The RTL should have been coupled with appropriate safeguards esp on smuggling, but they did not. For rice alone, hundreds and hundreds of import permits were gven, some claim that some of these are even recycled beyond expiry dates. Under the prev admin, the Phils was turned into a runaway food importer, the biggest rice importer in the world, whereas our other Asean neighbors have become net exporters. No wonder why the Phils has higher inflation, drven by this excessive dependence on food imports, vs these neighbors. And the supporters of that prev admin have the gall to blame everything on others! I stop here.
happy birthday idol
Many thanks
advance HBD Stephen!
many thanks
What an incisive analysis on what has happened sadly to our economy. Truly Stevienomics 101 and 100.
deeply appreciated
Ours is a trading economy. A large chunk of our GDP is consumption. Perhaps we have more shopping centers and malls than manufacturing centers.
Stevie needs a show ANC...
Many thanks but do not have the time for that
Mark-to-market is normally prevalent in hedging and derivatives transactions.
how can we establish nickel processing industry if our power cost is so prohibitive??
As always excellent insight
Many thanks
Thank you sir for your thoughts. We really have to point out deficiencies in our supply chain, and mindset with regards to development. Hoping the ones incharge would get it. Also, I now appreciate Clinton more than Reagan.
Many thanks
Mineral processing requires a lot of energy. We don’t have sufficient supply of power. We need that first before we can get miners to do processing.
build a big dam no? maybe two?
Gawin nyu naman #TWICE a month ang Stevienomics 😍😍😍
Many thanks but once a month is my request due to time constraints I have
@@scuunjieng I understand sir.. btw, I really enjoy your segment, so informative.. and do always look forward for it every month.. God bless 🙏
@@raymonileto7488 deeply appreciated
TMI on the time of your birth Sir Steve. 😂 That kind of question sometimes shows up on security questions. 😂😂😂 Cute anecdote though. 😅Advance happy birthday! And looking forward to ur next appearance here. ^^
Many thanks, only an approximate time but point appreciated
Our economic managers should listen- finally a well respected and renowned global investment banker hit the nail on the head -what’s so wrong about too leaning on import dependency strategy….blind liberalisation and doctrine economic management -not smart economics. Don’t worry, after Indonesia and Vietnam overtaking us, Myanmar, Laos and Cambodia soon too.
Many thanks
marcos can tap this guy as his econmic team..marcos can design economic format for the philippines econmy..
Most wealthy Filipinos want an easy money in trading by importing rather than producing..
Also stephen is 63???? He looks young!
Thanks. 64 real soon
What can Stephen, Phoenix Petroleum's director, say about the failure of Phoenix preferred 4 in paying dividends for 2 quarters now???
"Deferment of divs payment" rather than "failure to pay"
The host’s jacket is one size larger
If only there are at least 2-3 Stevie Cuunjiengs to run the economic sector of the Philippines. We could’ve been on better standing. Sayang talaga 😔 coz they vote the most popular or action stars without analyzing their credentials, credibility, knowledge and experience of their candidates. It’s sad that voters can be bought during elections.
o yan na ang sinasabi me, take advantage of developing our raw materials into higher value commodities, matagal na ito wlang action!
many thanks
Wala naman kasi tayong human capital at know-how para sa "high value commodities" e.
@@sickandtired967 then, any of the past admins should have started doing it. it would take structural, big policy changes, and one admin cannot do that alone, there has to be continuity.
Nega naman yang interview nyo.
In the Philippines, the government is mostly run by lawyers instead of people with the right skills for their jobs.
NO TO MOSQUITO MEDIA. NO TO ELISTA. Always Kontrabida.
Patawa ka ba? Ano ba dapat gawin? Pabanguhin ang mabahong sistema? 🤣
I'm sorry but President Marcos Sr already started all what Mr Cuunjieng is saying what our government should do like Indonesia, Malaysia and Thailand did.
But, what happened after Mr Marcos Sr? All our presidents after Mr Marcos Sr neglected those kind of programs for industrialization to improve our economy and the life of Filipinos. They focused on short-term programs primarily for narrow-minded politics and election of party mates.
Such problems, besides poor leadership, can be attributed to our poor-crafted constitution that focused on inward economy, not so open to foreign direct investment and outdated economic laws and policies. Another serious problem with our constitution, the term of office of our president & vice president is limited to 6 years & reelection is prohibited. Another one, political culture is so bad to the point that good programs of past administration would not be continued for whatever reason without regards to billions of pesos already spent, yet they are telling people to be cost-efficient and do not waste people's money!
So, if we have that kind of constitution and limitations how can you expect the elected president to have and pursue long-term programs to benefit the economy, the nation and the people? If you are the president with 6-year term but only have effective 4 years in office due to 1-year honeymoon period and almost 1 year preparation period for the next election for partymates, how can you plan and implement a medium-term and long-term programs that are beyond your term of office? There are still more.
Do you see it why our country which was #2 in Asia in the past, 2nd only to Japan, is still in the bottom? There are so many things to be changed and to be done.
Marcos boys took over industries, and when Marcos was gone, everyone had it for the taking, sana those industries were in the hands of the right business moguls, not with those who had political favors, and got tons of wealth with it
That was actually the opposite.
Manufacturing industries and agriculture production significantly gained momentum in the mid 50s, the Magsaysay policy on Agriculture modernization aswell as the Garcia Filipino first policy (those who are manufactured here have priority of being sold here).
The Marcos regime had busted the growth by having crony corporation and hostile take overs, while doubling the propaganda that they were doing good.
Inflation rose, production were disrupted and the culture of nepotism-cronyism became the norm.
Delusional tong comment na ito. 🤣
Backtrack ka nga sa GDP natin sa panahon ni Macoy kesa sisi ka ng sisi sa mga Aquino.kehaba ng rants pero pinapabango mo ang mga Marcoses when in fact our economy was on a collapse during his time. Patawa ka ba? 🤣
@@maritesbuster8209 hello, good morning. There is nothing delusional or false belief in my comment. I'm for the economy and the right structural programs of the goverment towards uplifting the economy and industrialization. And, I'm not a loyalist of any politician or president, past and present. I dont care whoever the president of our country as long as he/she was/is doing right for the economy, for business to thrive, and for the lives of Filipinos to improve.
Please clear your emotion, conduct real research for past and present government economic programs and actions, and evaluate without biases. You will know if my comments are true or not, delusional or not.
I was just reacting to what Mr Cuunjieng was saying as if our governments did nothing like what our neighboring countries have been doing in improving their economies. The reality is, where are we now compared to our already rich neighboring countries which were poor during the time of President Macapagal and Marcos Sr?
By the way, please dont get me wrong. With all modesty, i'm phd management educated, non-partisan and senior already.
Yan nlng palagi iniinterview palagi naman nega sinasabi nian.
He ( Cuunjieng) denigrated Leni Robredo as a distant runner-up to bbm. But he has no courage to state that bbm is the dumbest leader in Southeast Asia. When this guy has such distorted political perspective, I won't trust him with even a peso of my investment money. NEVER.
He actually almost did say it, but wont say it in a straightforward manner of course. 😉☺
investment based on politics? good luck with that.
@@03hughes True. that would be going thru distorted decision-making criteria.
Leni is indeed a distant runner up. Nothing wrong with what he said. You are just emotional. 🤣
Investments and emotions... bad combo.
@@pepitomanaloto1184 exactly, you saw my point as illustrative