“But if what’s be­ing said be­comes an eco­nomic pol­icy shift...then that will change the cal­cu­lus” Hans Sicat

Philippine Tatler - - AMS 2016 -

Hans Sicat says the PSE is still bullish on the econ­omy; (op­po­site) Don­nie Tantoco be­lieves con­sumers are still di­gest­ing ev­ery­thing that’s go­ing on around the world most pow­er­ful plat­form to ac­cess mar­kets, so build­ing the ca­pac­ity of en­trepreneurs [es­pe­cially women work­ing from home], to sell goods and ser­vices do­mes­ti­cally and across bor­ders is key. Busi­nesses like Alibaba are of­fer­ing fi­nanc­ing over the in­ter­net [Fin­Tech] as­sess­ing risk from his­tor­i­cal data on the track record of the seller and buyer, dis­rupt­ing tra­di­tional bank­ing prac­tices. AA: The 10-point so­cio-eco­nomic agenda starts with talk­ing about the con­tin­u­a­tion of macroe­co­nomic poli­cies, in­clud­ing fis­cal and mon­e­tary, all of which have con­trib­uted in de­liv­er­ing a strong macro score­card. Points 2, 3, and 4 talk about tax re­form, in­creas­ing com­pet­i­tive­ness and ease of do­ing busi­ness, and grow­ing in­fra­struc­ture spend­ing to about 5 per cent of GDP. The agenda also fo­cuses on in­vest­ing in hu­man cap­i­tal devel­op­ment and on pro­mot­ing science and tech­nol­ogy. Each of the 10 points will have a very pos­i­tive im­pact on the econ­omy and will help the GDP growth ob­jec­tive be­come a re­al­ity. GB: The 10-point plan sort of fol­lows the PCCI ad­vo­cacy, ex­pressed in two words: GI­ANT tends to push fun­da­men­tals to the back­burner. There’s a huge shift I call the ro­ta­tion out of emerg­ing mar­kets. We need a lit­tle bit of nor­mal­i­sa­tion in global rates for the world to calm down. KD: The ques­tions we’re get­ting from our read­ers is, if one had 10 mil­lion or 20 mil­lion or 50 mil­lion, where do I in­vest it in 2017? GB: Be­cause of the ASEAN eco­nomic com­mu­nity, in­vestors are be­gin­ning to see what com­pa­nies they could in­vest in, and I would like to see some of these medium-sized com­pa­nies listed. We have to look at the Philip­pines as the Philip­pine Inc. The agri­cul­ture or the tourism sec­tors are po­ten­tial up­sides for in­vest­ments. DT: I heard a cap­tain of in­dus­try say that 90 per cent of the jobs to­day will be gone in five or so years. In­dus­tries, in­cum­bent com­pa­nies, and pro­fes­sions will be dis­rupted. The best and re­silient sec­tors to in­vest in are health­care, cy­ber se­cu­rity, wa­ter, bat­ter­ies, and any­thing to do with tax law or

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