Palace defends EO on fuel price freeze

[niky]

They moved because the LGU didn't want to meet the same price as the other site... I think they even wanted more money. So Intel just cut its losses, pulled up the stakes, and left.

After all the hard work done in luring the multinationals here... what with the mulcting by the BIR, LGUs and etcetera... the business climate isn't very friendly, anymore... and there are no longer any reasons (besides, maybe, a need for workers who speak passable English) for them to stay in the Philippines.

Look at China, Vietnam, and other countries... their people are doing their damndest to learn English to become competitive. Their governments are lowering barriers to foreign investment and developing infrastructure to make themselves more enticing.

What are we doing? Counting on the same old faces to stay here... creating mroe and more elaborate rules that limit foreign ownership of local companies, make labor acquisition and shuffling of workforces more difficult... milking them for millions in bribes... forgetting how to speak English...

The Philippines was a basket case before... it's going to be a hell of a bigger one in five to ten years time, when all the manufacturers choose to move out to places like Vietnam, Burma and Thailand...

Imagine... two ex-communist countries and one run by a military junta... Imagine... Ford actually chose a country run by a bunch of fascist generals over us for their new facility... Tells you a lot, doesn't it. :hysterical:

[CVT]

OT: Hindi rin kasi natuto ang local Management ng Intel. Inulit pa ang ginawa ng dating korporasyon,- kaya hayun,- nagsara. May kaunting yumaman ng todo,- pero maraming nawalan ng trabaho.....

Taas na naman ang presyo ng gasolina at krudo ngayong araw....

8900:painting:

[A121]

They moved because the LGU didn't want to meet the same price as the other site... I think they even wanted more money. So Intel just cut its losses, pulled up the stakes, and left.

After all the hard work done in luring the multinationals here... what with the mulcting by the BIR, LGUs and etcetera... the business climate isn't very friendly, anymore... and there are no longer any reasons (besides, maybe, a need for workers who speak passable English) for them to stay in the Philippines.

Look at China, Vietnam, and other countries... their people are doing their damndest to learn English to become competitive. Their governments are lowering barriers to foreign investment and developing infrastructure to make themselves more enticing.

What are we doing? Counting on the same old faces to stay here... creating mroe and more elaborate rules that limit foreign ownership of local companies, make labor acquisition and shuffling of workforces more difficult... milking them for millions in bribes... forgetting how to speak English...

The Philippines was a basket case before... it's going to be a hell of a bigger one in five to ten years time, when all the manufacturers choose to move out to places like Vietnam, Burma and Thailand...

Imagine... two ex-communist countries and one run by a military junta... Imagine... Ford actually chose a country run by a bunch of fascist generals over us for their new facility... Tells you a lot, doesn't it. :hysterical:

+1

Makes me want to migrate abroad. All I am doing here in the Philippines becomes really pointless.