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US business execs to arrive in PH for ‘greater’ trade, investment

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Philippine Ambassador to the US Jose Cuisia. CONTRIBUTED PHOTO

MANILA, Philippines – High-ranking business officials from companies in the United States (US) will be in Manila this week to discuss “greater trade and investment with the Philippines,” the country’s embassy in the US said on Monday.

The US delegation led by the non-profit group US-Philippines Society will be in Manila from January 23 to 25.

The Society, which seeks to raise the profile of the Philippines in the US, is co-chaired by Philippine Long Distance Telephone Co. Chair Manuel Pangilinan and former US Ambassador to the Philippines John Negroponte.

“The delegation will participate in a dynamic program aimed at strengthening ties with political and business leaders, fostering discussion of strategic issues, and promoting business and investment opportunities,” Philippine Ambassador to the United States Jose Cuisia said in a statement .

Cuisia and Negroponte will also be joining the delegation.

Cuisia said the delegation will include executives of topnotch companies as Citigroup, Chevron, Coca Cola, General Electric, JP Morgan Chase, Procter & Gamble, Peregrine Development International, CV Starr & Co., the US Education Finance Group, McLarty & Associates, Federal Express and Spence & Co.

Cuisia said the group will also call on President Benigno Aquino III and Chief Justice Maria Lourdes Sereno to participate in a policy forum with Foreign Affairs Secretary Albert del Rosario, Defense Secretary Voltaire Gazmin, Finance Secretary Cesar Purisima, and Trade Secretary Gregory Domingo.

The policy forum, he said, would be featuring discussions on “strategic environment in the region” as well as “outlook for policy directions as the second term of President Barack Obama begins in Washington.”

He said Negroponte and two other former US ambassadors to Manila – Thomas Hubbard and Richard Murphy – would serve as speakers.

The  group’s itinerary also includes a meeting with US Ambassador to Manila Harry Thomas Jr.; a dialogue with business leaders organized by the Makati Business Club; and visits to the Global Gateway Logistics City at the Clark Freeport in Pampanga, the Center for International Trade Expositions and Missions of the Department of Trade and Industry; and the Asian Institute of Management.

“The delegation will also attend the second regular meeting of the Board of Directors which is made up of civic and business leaders from the US and the Philippines,” Cuisia said


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Tags: Investments , Philippines , trade , United States , US-Philippines Society

  • http://www.facebook.com/babinski.tero Babinski R Tero

    Ito na ang simula.

  • bryant85

    Very much appreciable undertaking of officials treading the matuwid na daan route of Pnoy. Though I despise and call Pnoy by other derogatory names for his weakling stance in the suspension of Garcia, I pocketed it for the meantime to praise him and his alter egos for performing extraordinarily in pursuit of the country’s economic amelioration.

    If only all alter egos of Pnoy work in harmony less corruption to improve our economy then where will our country go if not to the top of the world. It’s an amazing dream but surely not an impossible one to achieve. People’s support to this undertaking is full and voluntarily proffered garnished even with a bouquet of appreciation. Good luck and kudos to Cuisia and the rest

  • http://joboni96.myopenid.com/ joboni96

    ‘non-profit group US-Philippines Society’

    for imperialist society benefits
    bent on recolonizing the philippines

    kontrahin nating mga pilipino

    ang ekonomiya ng pilipinas
    ay para sa pakinabang ng mga pilipino

    hindi para sa mga imperyalistang u.s.

    • http://twitter.com/Joe_The_Kano Joe Kano

      Yawn.
      Anything new?

      • http://joboni96.myopenid.com/ joboni96

        cia joe tsonngo

  • Albert Einstien

    with GE, JP MORGAN & CHEVRON….they may want to sip our GAS,gold, OIL & DEUTERIUM… this just the first layer..whatever left of our income from GOD  these companies will get it….coca-cola…addiction to their soft drinks, Procter & gamble…monopoly of their products..if still theres anything left….the rest of the companies will tell us how we will lose it…..after they  drained our GOD …they will go home wealthier &  happy  and we will be poor & lonesome again……SAME cycle as 1900s benevolent assimilation……US owned the RP  for $ 20 million …… $ 20 trillion as payment for TRUE independence…………….is NOT enough….$200 trillion maybe?     :   >)

    • jairrab

      good points! As always, a very marvelous critique from you sir.  Please enlighten us with your grand view of what the Philippines need to do to expand the economy and get the poorest out of poverty.

      • Albert Einstien

        the KEY is HUGE POPULATION ( the problem is they already passed RH ), STRONG ARMY,  &  nationalistic  development and EXTRACTION of GOD ( Gold,gas,Oil & Deuterium( it is believed in thousands of trillions of $ )….IMPERIALIST & COLONIZERshave been PREVENTING the RISE of RP as a first world country…When marcos in 1970s tried to develop missile defense system & nuclear capability they stopped him..especially when he posed a nationalist stance in the siphoning of our deuterium…they eventually toppled him…..ALL we need to do is to have a ULTRA-NATIONALIST visionary  leaders…we dont need corrupt,  lunatic & lazy leaders… :   > )

        our  HUGE,  YOUTHFUL & TALENTED  labor force for the mean time will provide our FINANCES to fund the development & extraction..by now our FC reserves is $ 83 billion already..with the rate of EXODUS ( millions per year ) of OFW & MIGRANTS & increasng population..with BPO, GAS & OIL income  as wings in dollar earnings…..we will be looking  at $ 1 trillion FC reserved after ten years..by then we can START full capacity  extraction of  our GOD resource ..but main focus of the dream republic is EDUCATION of our people …to maintain RACE SUPERIORITY our people should be leaders in ALL aspect of life…..then DREAM REPUBLIC will start to shape up…..

        in a nutshell.. i like to see every big  island as agricultural,industrial  & tourist destination ..every region will have it’s OWN ECONOMIC ZONE…..wealth of the nation is shared but spending will be  a guarded autonomy..only the SC,DEPED,DFA ,AFP ,TREASURY dept are centralized…..ONCE we tapped our resources…EVERYTHING  wil be FREE, NO TAXES, & every citizen will be receiving monthly  DIVIDENDS out of our GOD resources… ….but that DREAM REPUBLIC will materialize ONLY by 2050….hope our generation can fast-track it to 2040. ” .share the dream “.

        ·        “ RISE my Philippines RISE “

        EVERY Filipino Family will be MULTI-millionaires by 2050( both muslim & christian brothers )
        your grandsons & granddaughters will be masters of the worldNO Filipino will suffer SLAVERY in foreign land..
        PROTECT these resources with utmost PATRIOTISM…
        Why are we always in poverty & war?
        Why they dont want the archipelago to be as UNITED?
        Why are we targeted for Population & de-population control ?
        Why is the Philippines targeted for brain-drain & intellectuals are pirated abroad?
        Why are we NOT allowed to have a POWERFUL ARMed FORCES ?
        Why are we having lunatic leaders & family of traitors as our champions & leaders?

        ANSWER : Foreign Interest/s manipulated us because PHILIPPINES is the RICHEST country in the WORLD!

        “ Literally philippines is a PARADISE in a land of GOLD blessed by GOD ( Gold,gas Oil & Deuterium )..

        “ we the most evolved & intelligent human specie are walking literally in a land of gold “

        ISLAND PARADISE

        An archipelago comprising 7,107 islands, the Philippines is categorized broadly into three main geographical divisions: Luzon, Visayas, & Mindanao. In addition the BENHAM Rise.. 250 km wide new territory. The Philippines’ rainforests and its extensive coastlines make it home to a diverse range of birds, plants, animals, and sea creatures. It is one of the ten most biologically megadiverse countires and is at or near the top in terms of biodiversity per unit area. Our beautiful islands are the envy of the world we are surrounded by soft white & pearly black beaches. Most of the mountainous islands are covered in tropical rainforest and volcanic in origin. The Apo Reef is the country’s largest contiguous coral reef system and the second-largest in the world. The Philippines has a tropical maritime climate and is usually hot and humid. There are three seasons: the hot dry season or summer the rainy season ; and the cool dry season . The perfect climate system in the Philippines makes its air and atmosphere free from man made pollution after the system of storms cleansed the territory during rainy season & disinfecting the land by exposure to the sun’s ultra-violet rays in hot dry season. This is the best country in world to live in if the insurgency problem caused by poverty is solved by the tapping of the nation’s resource thereby freeing the people from poverty..
        Located within the Pacific Rim of Fire, the Philippine archipelago is hypothesized as having been formed 43 million years ago. Its 7,109 islands rest on top of underwater mountains formed by the outpourings of molten rocks from the earth’s interior, thus creating an ideal setting for mineral deposition. (After Wolfe, J.A., “Origin of the Philippines by Accumulation of Allochthons” in The Philippine Geologist July- September 1983 Issue, p.17) In the archipelago, resurgent volcanoes particularly provided access for rising gold-bearing solutions which cool to the geotherm of 300 degrees Celsius at about 400 m depth. At this point, the gold began to precipitate and epithermal gold deposits were formed over geologic time of 1.5 million years from the present time. (After Wolfe, J. A., in International Mineral Development Sourcebook, 1993)

        HUMAN resource…

        we are the ONLY Country in the world ..who speaks 175 languages & dialects with literacy rate of 93.4% . Most speak fluent & write foreign languge like english , spanish,nihongo,arabic, mandarin,hindi, & malay than country of origin..some elderly can still speak latin…Average Filipino can at least speak 3 foreign language & 2 dialects..while the rest of the world can speak only english & their native tounge…the people are educated, fun loving, resilient, hospitable & industrious… in fact , currently the economy is heavily reliant on remittances which surpass foreign direct investment as a source of foreign currency. Therefore the more population more benefit for the economy. The Philippines need a HUGE population & Army if it intends to tap the resources otherwise foreign invasion can easily land on its shores & control can be had without a sweat.…

        MINERAL resource….

        .Initial Lode and placer GOLD DEPOSITS occur in most of the 73 out of 83 provinces in the Philippines.The ten provinces were not properly tested yet due to internal conflicts & war. The 1996 $2.1TRILLION value resource estimate based on conservative 10% ( $21 trillion total estimate ) maybe deficient and could double to $42 trillion or more of the actual resource.. . … such amount could catapult this country to first world status .. we could even buy americas $16 Trillion debt..Also, we have .$26.3-Trillion Oil Reserves ..Country’s Untapped Deposits Mostly In Spratlys Philippines News Agency April 25, 2012, MANILA, Philippines- The Philippines is “sitting on a mountain of gold,” with untapped hydrocarbon deposits estimated at $26.3 trillion, mostly found in the disputed Spratly chain of islands, more than enough to free the country from the shackles of poverty.Also if we are able to claim SABAH… It has the potential to produce 1 million barrels of oil a day,” “The estimated reserves from the present Sabah oilfields is 1.4 billion barrels of oil and 7.7 trillion scf of gas.” …Malaysia govt does not even give our sabahan brothers share of their on wealth ONLY PETRONAS ( govt corp ) which give sabah a PITIFUL royalty of 5%…

        That amount is even without considering the UNQUANTIFIABLE value today (maybe thousands of $ trillion ) of the resources that can be found in our new territory called the BENHAM rise a 250km wide domain which is perceived to contain very huge oil & gas deposits & the envy of world for we are the proud owner of the vast DEUTERIUM deposits with a 868 mile long find in Philippine trench. With these resources properly tapped we are bigger than america & arabia combined.. : .yet many potential mineral & natural reserves are still HIDDEN n our archpelago…

        BENHAM RISE new Philippine territory 250 km wide –GMA LEGACY

        Despite its proximity to the archipelago, the plateau was previously not included in the territory of the Philippine Islands. On 8 April 2009 ( GMA govt. filed the claim to UN now we owned it.. eventually our history & after the political vendettas ….legislature might rename the benham rise to GMA rise to give honor to its finder/claimant .. ), the Republic of the Philippines lodged a partial territorial waters claim with the United Nations Commission on the Limits of the Continental Shelf in relation to the continental shelf in the region of Benham Rise. The UN has officially approved the claim in April 2012. The Philippines may soon be able to provide its own energy through Benham Rise, an underwater ridge to the east of Luzon which is believed to have mineral and gas deposits. The Philippines claim over Benham Rise is “very relevant” because scientific surveys indicate minerals and natural gas in the area. Solidified methane was found during mapping activities and the “probability is very high” there are oil deposits. There may be more natural gas than oil, and is considered better because it is cleaner. Benham Rise, which is bigger than Luzon, Samar, and Leyte combined, is being claimed solely by the Philippines

        GREATEST of them ALL- “ DEUTERIUM the Gift of Nature “- MARCOS LEGACY

        “ the Philippines trench has the LARGEST DEPOSIT of deuterium with 868 mile long 52 mile wide “

        If we allow production even for just a portion of this natural deposit… the Philippines will already become a first world country.. what more if we produce a quarter of it… Deuterium has several commercial and scientific uses today. It has become much more than the heavy water many countries sought after during World War II.Deuterium, a form of concentrated hydrogen, is used in the production of natural gas now utilized in Canada, America, Germany and Sweden, to provide fuel for cars, trucks , jet planes, & deuterium fuel for fusion reactors.”Deuterium can replace gasoline, (liquefied petroleum gas), (liquefied natural gas), Avgas, etc. in powering all types of internal combustion engines including maybe SPACE ships of the future & can be use in space explorations…. It does not emit pollutants or any harmful carbon monoxide and does not cause any environmental problems because it is in the water family. We can build electric nuclear plants in the middle of the URBAN cities of the world ! we will power & feed the world at the same time.Just imagine the philippines at the forefront of human evolution, science , technology & space exploration

        The GOOD news is we have UNLIMITED deposit of it!

      • jairrab

        the KEY is HUGE POPULATION….”

        I almost stopped reading when I saw this.

        You really sure about this?  I don’t feel like we have the infrastructure & resources in-place YET to support what we have, much more growing it to even huge numbers.

      • Handiong

        You would have done right if you stopped reading. Albert Einstien simply enumerated what raw resources we have, but does not tell you how Filipinos can exploit them.

        The key is not huge population, but huge capital and big entrepreneurial spirit. If we want to develop our resources ourselves, without depending on foreigners, we have to accumulate capital. That means, we have to learn how to save and invest. The Philippines has a very low savings rate. Filipinos are basically consumers, not savers. As long as Filipinos don’t save and invest, our economy will always depend on foreign capital for development.

      • Albert Einstien

        huge population is huge capital my friend…

      • Albert Einstien

        HUGE POPULATION is the KEY to GREATNESS ..all GREAT nations of HISTORY know that..

        in fact the top 3 world economies are fueled by huge population..1.USA, 2 CHINA, & 3. INDIA….

        we have the BEST EDUCATED , most SKILLED & most TALENTED labor force in the world…that is why we have now $83 billion fc reserves & it’s fast growing due to exodus of  our labor force .we RE-INVENTED ourselves already due to extreme poverty & incompetent governance….the EXODUS of our ofw’s, migrants are who are well loved by their host countries & BPO sectornow  no.1 in the world ……huge labor resource is the KEY to attain $1 trillion fc reserve in the near future…so that we can fully developed & extract  our own GOD RESOURCES….multiply our labor force to 3 …and we will achieve our DREAM REPUBLIC as early as 2030…

        modern science already INVENTED the most economical way of siphoning DEUTERIUM..one is called the ” titanium straw  “…it is easier now to SIPHON deuterium than to extract oil…it’s just like SIPPNG softdrinks  while on a sunny beach vacation….all we need is VISIONARY full filipino blood patriotic leadership…..

        today we are at the top 4..remittance beneficiary of the world…1.india 70 billion, 2 China 51b, 3 Mexico 22.6 b , 4. RP 21.3 b & 5. Israel 20.2 b…..

        ” SHARE the DREAM “

      • Handiong

        “huge population is huge capital my friend…”

        My friend, while a huge population is admittedly a great resource, we need oodles and oodles of moolah, also known as money, to make something out of our natural resources. Financial capital is KEY. Without it, your huge population will starve to death. Try sending your teeming millions to the West Philippine Sea, or the Benham Rise to extract oil and gas without the necessary equipment that only financial capital can buy and see what happens. Try sending your millions to the mountains to dig for gold and other metals without the necessary equipment that only financial capital can buy and see what happens.

        Look at these figures:

        Qatar: Population – 1.9 Million, Per capita GDP – $98k
        UAE: Population – 5.3 Million, Per capita GDP – $66k
        Kuwait: Population – 2.6 Million, Per capita GDP – $46k
        Bahrain: Population – 1.2 Million, Per capita GDP – $23k
        Oman: Population – 3.0 Million, Per capita GDP – $21k
        Saudi Arabia: Population – 24 Million, Per capita GDP – $19k

        Philippines: Population – 97.6 Million, Per capita GDP – $2k

        Middle East countries have SMALL POPULATIONS but HUGE FINANCIAL CAPITAL. Philippines has HUGE POPULATION but SMALL FINANCIAL CAPITAL. Look at the results.

      • Albert Einstien

        black gold is their key to impressive per capita…when  we  ALSO start full production of our  GOD resources our per capita will jump tremendously…but as of now our ofws, migrants & bpo services  or  our LABOR force is the only one saving us from economic collapse…. in our case at the present ” the goose that lay the GOLDEN EGG ” is our labor capital…the bigger the  labor force the bigger the capital my friend…..then with enough fc reserves thru remittances of our labor force we can then begin our own production of god resource……. : > ) 

        ” SHARE the DREAM “….my friend

      • Handiong

        The “black gold” did not come out of the desert by itself. It took American and British FINANCIAL CAPITAL in the 1950′s to bring the oil to the surface. The KEY to developing natural resources is FINANCIAL CAPITAL.

        You talk of OFWs’ remittances. These remittances go into CONSUMPTION, not INVESTMENT CAPITAL. 

        Unless our big domestic capitalists (Lucio Tan, Henry Sy, Gokongwei, Ayala, MVP, Ramon Ang, Ricky Razon, Andrew Tan, etc.) invest in natural resource development, not only in manufacturing, property development, malls, and casinos,  we can only depend on FOREIGN DIRECT INVESTMENTS (as the Middle East countries did in the 1950′s) to develop our vast oil and gas fields and our mineral resources.

        As I’ve said, a huge population is definitely a valuable asset, but FIRST AND FOREMOST, we have to have HUGE FINANCIAL CAPITAL (whether foreign or domestic) to start resource development. So, FINANCIAL CAPITAL  is the KEY that will open up the wealth of our nation.  

  • superpilipinas

    Beware.

    US always puts their own interest first. They have always acknowledged this mentality. It’s their view of capitalism. Easy come in, easy go out. Intel left the Philippines in favor of Vietnam. Fedex left in favor of China. Ford abandoned in favor of Thailand.

    Japan and other western countries are better when it comes to mutual benefit. They nurture their hosts in order for both to succeed together for the future.

    • ohpuleeze

      Duh, that’s why it’s called business. It’s not a personal slight against The Philippines. If it’s more profitable for them to do business elsewhere they will leave.

      Enough of this “woe is me” attitude. This country has to be more competitive to bring in investments and to keep them. 

    • http://profile.yahoo.com/W74GUWRQ74EH7VZQN6D5WOE6XM Michael

      Dude if you’re a businessman you would prolly do the same. Why some Fil/Chi tycoon went out of manufacturing in Vietnam and China? Because they’re cheaper to manufacture than here, plus people don’t complain and labor is darn cheap, it is what it is son.

  • http://pulse.yahoo.com/_VPSXDLCQEZGZDJSX32G7PYHNCI Noel

    Are they not coming here to pay for the damages caused by the US ship at the reef ?

    • http://twitter.com/Joe_The_Kano Joe Kano

      No.

  • disqusted0fu

    This may be why Pnoy does not want to interfere in the Tubbataha reef incident. He does not want to ruin a business opportunity with the US wherein only he and his administration will benefit from.

  • opinyonlangpo

    What did they see in the Philippines that they can’t find a better bargain somewhere else? Probably a tax holiday, no, its something else. Electricity is more expensive, and so is labor, cost of living is also high compared to neighbouring countries. The only clear reason is that the Philippines is pro-western countries and there is still a law that mediates disputes. Another reason would be to be able to say that they have to protect their interests in the Philippines in case China will use force in the dispute.

  • R.J Villanueva

    There’s a lot of Communist in here.. eh ano ba ang China? Pure Communist? What Deng Xiaoping done?  Bago mag comment mag isip-isip muna..

    Kung tutuosin dapat inaabolish ang 60/40 hatian para maraming FDI..

  • goldilock

    Develop the Davao X Gulf oil reserves. Help Philippines develop Palawan Sabah Oil reserves. Forge much stronger ties. 



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