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  1. Join Date
    Nov 2008
    Posts
    1,383
    #1411
    Quote Originally Posted by niky View Post
    Unless they make the exemption specific for Philippine-owned manufacturers or at least business concerns with a certain percentage of local ownership... maybe then it could work.
    In this Globalized world, that protectionist move is not gonna happen.
    Last edited by marg; June 13th, 2010 at 05:57 AM.

  2. Join Date
    Aug 2005
    Posts
    553
    #1412
    You can only provide fiscal incentives, i.e. tax exemptions, but not subsidies. Soft loans may be argued past subsidies but it is tricky.

  3. Join Date
    Oct 2002
    Posts
    29,354
    #1413
    Quote Originally Posted by EVO-V View Post
    You can only provide fiscal incentives, i.e. tax exemptions, but not subsidies. Soft loans may be argued past subsidies but it is tricky.
    A tax exemption for a set number of years may help but it wouldn't change the outcome if no one buys the vehicles... especially with the PHUV prototype as their only example.

  4. Join Date
    Jun 2007
    Posts
    2,854
    #1414
    Quote Originally Posted by EVO-V View Post
    You can only provide fiscal incentives, i.e. tax exemptions, but not subsidies. Soft loans may be argued past subsidies but it is tricky.
    Quote Originally Posted by ghosthunter View Post
    A tax exemption for a set number of years may help but it wouldn't change the outcome if no one buys the vehicles... especially with the PHUV prototype as their only example.
    Tax exemptions or tax credits are now readied for potential AUV manufacturers. The idea of the DTI (BOI) is to revive the assembly of AUVs in the Philippines to increase the share of locally made vehicles to the total vehicles sold in the country.

    Right now, its at 52 percent in favor of imported vehicles.

  5. Join Date
    Oct 2002
    Posts
    29,354
    #1415
    Quote Originally Posted by jpdm View Post
    Tax exemptions or tax credits are now readied for potential AUV manufacturers. The idea of the DTI (BOI) is to revive the assembly of AUVs in the Philippines to increase the share of locally made vehicles to the total vehicles sold in the country.

    Right now, its at 52 percent in favor of imported vehicles.

    Tax credits or exemptions may not be enough to attract car makers to start making AUVs in the Philippines for obvious reasons.

    - local car market very small
    - too many red tape / corruption
    - high cost of labor
    - high cost of power
    - expensive because of lack of facilities for import/export/supplies/etc

    If they base manufacturing of AUVs in India or Thailand, they would have a very big immediate market plus easy access to export to neighboring countries.

  6. Join Date
    May 2007
    Posts
    35
    #1416
    Maybe it would be best for Filipino car enthusiasts to concentrate on the development new automobile safety technologies - this may spur some rigorous interest and development in our country as a possible hub for auto design. We have to start small, know our strengths. Guide your sons & daughters toward the fields of science & engineering.
    :D

  7. Join Date
    Oct 2002
    Posts
    29,354
    #1417
    Quote Originally Posted by varga View Post
    Maybe it would be best for Filipino car enthusiasts to concentrate on the development new automobile safety technologies - this may spur some rigorous interest and development in our country as a possible hub for auto design. We have to start small, know our strengths. Guide your sons & daughters toward the fields of science & engineering.
    :D

    To be a "hub of automotive design", you will first need a local market big enough to support a big enough car manufacturing industry.

    In all honesty, the entire Philippine annual car sales of a few thousand vehicles (private AND commercial) does not even compare to our neighboring countries' sales figures of just one brand.

    So to have any future in auto design, your future sons and daughters will eventually have to go overseas and work for companies like Toyota, Honda, Hyundai, or even ones like Great Wall and Chery.

    As for us here, we even have problems growing enough rice to feed filipinos that we have to keep importing rice year after year, much less, have a big enough industrial base to support a big automotive manufacturing industry. So I doubt "auto-design hub" goals would even be realistic in our children's lifetimes.

    Decades ago, we might have had the opportunity for such but the time has passed us by.

  8. Join Date
    Nov 2005
    Posts
    45,927
    #1418
    Originally Posted by varga
    Maybe it would be best for Filipino car enthusiasts to concentrate on the development new automobile safety technologies - this may spur some rigorous interest and development in our country as a possible hub for auto design. We have to start small, know our strengths. Guide your sons & daughters toward the fields of science & engineering.
    safety technologies?

    let's see...

    who's gonna invest money in a crash test facility?

    anyone?

    who's gonna provide perfectly good cars fitted with safety technology developed by "Filipino car enthusiasts" para i-crash test lang?

    anyone?

    who's gonna buy the crash test dummies? kahit crash test dummies lang

    anyone?

    fantasy meets reality

Tsikot.ph PHUV Prototype