Comments by "Twomix" (@twomix1822) on "Behind Asia" channel.

  1. Philippines definitely has huge potential. Unfortunately it has too many entrenched monopolies that curtails competition and growth. This is why FDI rate are pretty low in the Philippines. In almost every economic sector there are 1-2 monopoly giants that completely dominate the sector. This is why the Philippines economy is hampered by the same few billionaires that owns almost everything.
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  2. Because Indonesia is an upcoming economic powerhouse.
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  3. This is why Taiwan needs to massively diversify it's manufacturing and markets to the rest of the world.
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  4. True. There are so many bright young Filipinos in the US. They all come to the US to work, start businesses and study.
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  5. For those who are really in the know.. Angbang's global acquisitions isn't really about expanding their business. It is a global money laundering scheme to bring money out of the PRC by the wealthy elites in the form of "foreign investments". They don't care if most of the deals lose money, the goal is to get the PRC elites money out of China. The scheme works like this: Angbang acquires a property or assets in the US or elsewhere on behalf of a client that wants to move the money, once the money has safely changed hands then they sell/dispose of the property/assets once the client was safely out of China. Angbang boss gets a "cut" of the proceeds. It's a massive money laundering operation. Of course all of these are done thru multiple layers of shell companies and front companies to hide the paper trail.
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  6. Yep. Just like most of China's meteoric corporate rise (Evergrande, etc.). It's all debt fueled growth except they hide all the debts. Cooking the books is standard in China especially if it involves foreign investors. Some say the entire Chinese economy is one massive Ponzi scheme and they might be right.
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  7.  @ananditaifada2431  factories and companies that used to be in China are now all moving to Thailand, Vietnam, Malaysia, Philippines, Indonesia, etc. The global supply chain is shifting and diversifying. 2020 - 2030 is a transitional decade.
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  8. Yep Duterte got fooled by Xi Jinping. The pledge was $32 billion, only less than $600 million was actually fulfilled after 6 years. In return the Philippines lost control of the Spratly islands where the PRC immediately militarized despite promising not to and millions of Filipino fishermen lost access to one of the richest fishing grounds in the SCS. Filipino fishermen face daily harassment from the PRC coast guard, the PLN and the so-called Chinese merchant marines.
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