Planning to Retire Soon!
If you are planning to retire in the Philippines soon, I suggest you visit several excellent websites on pro's and cons of retiring in the Philippines. However if you want to retire in the provinces, where life is simple, standard of living cheaper, less traffic congestion and pollution, availability of fresh seafood and vegetables compared to the big cities, my island province is the place for you! If this is your first time in my site, welcome. Please do not forget to read the latest national and international news in the right side bar of this blog. Some of the photos and videos on this site, I do not own. However, I have no intention on the infringement of your copyrights. The photo above is the front yard of Chateau Du Mer-Our Retirement Home in Boac, Marinduque, Philippines
Sunday, August 1, 2010
Doing Business in the Philippines-Hopes for Improvement
The Makati Skyline, Philippines
The following posting, I wrote about two years ago during the previous Arroyo Administration. Today, I have high hopes that the P-Noy administration will improve the conditions of doing business in the Philippines. Just recently, I heard that the paper work for getting a business permit has been shortened from several pages to two and the time to get a permit was shortened from two days to two hours. Is this news true?
"I just finished reading a short article that it is not easy to do business in the Philippines. According to the article based on the World Bank survey, Singapore took the top spot in the rankings in the ease of doing business. New Zealand was 2nd and US was 3rd. Hong Kong was 4th, Japan 12th, and China 83rd. Could you guess PI ranking? A pathetic 140th!!
This is not news to me. Grease money runs the country. Unnecessary paper work slows down the growth of small business. For example just getting a permit takes a lot of paper work and grease money. Even in the business of tourism ( which should be encourage by the government), the presence of "grease takers" really frustrates me. There are other specific examples, that I will not mention for fear that it will have a detrimental effect in my small business in the Philippines. To survive, I follow the principle, "If in Rome do what the Romans are doing". Sad but that is the reality of life.
The article concluded that we should not be discourage from doing business in the Philippines. It says there are some rotten eggs in the basket, but the good ones outnumber the bad ones. It also advise us to know the proper way of doing things and stick to it and most of all ditch those greasers. What do you think? Is this a reasonable advice?"
Again, with P-Noy in power, I have high hopes that there will be an improvement in the business environment in the Philippines.