Philippine Economy Talk

[kagalingan]

yung north edsa po ang sanhi ng traffic sa edsa diyan.

doc totoo si sm north ang nagcacause ng traffic as a whole pero si landmark trinoma nagiging factor na din.

So again its landmark not really trinoma.

[dr. d]

doc totoo si sm north ang nagcacause ng traffic as a whole pero si landmark trinoma nagiging factor na din.

So again its landmark not really trinoma.

yung north edsa ang gate valve.
si landmark trinoma vertis, mga gripo lang yan.
heh heh.

[Monseratto]

Back to topic...

Inflation jumps to 2.5% in December, overall 219 figure within target

[uls]

problem when you export people instead of goods


Filipinos in Iraq to be repatriated; highest crisis alert raised | ABS-CBN News

MANILA — The Philippines will repatriate its nationals in Iraq after the killing of an Iranian general in a US drone strike there stoked fresh tensions, authorities said Wednesday.

[Monseratto]

To boost economy, Bangko Sentral cuts interest rates by 25 basis points

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[Ketib]

Why?

Honda Cars Philippines, Inc., which produces the BR-V and City, announced today, that it will stop production operations in its plant in Sta. Rosa, Laguna, effective March 2020.

The decision to halt production there ends 28 years of production at the facility which currently employs 650 associates and represents a P 1.9 billion investment.

To meet Honda’s customer needs in the Philippines for reasonably priced and good quality products, Honda considered efficient allocation and distribution of resources. As such, after consideration of optimization efforts in the production operations in Asia and Oceania region, Honda decided to close the manufacturing operations of HCPI.

HCPI will continue its automobile sales and after-sales service operation in the Philippines, through the utilization of Honda’s Asia and Oceania regional network.

Honda will continue providing highly attractive products to its customers in the Philippines and continue contributing to the local society, which has been an ongoing effort for the last 50 years since Honda was established in the Philippines.

[Monseratto]

Why?

Honda Cars Philippines, Inc., which produces the BR-V and City, announced today, that it will stop production operations in its plant in Sta. Rosa, Laguna, effective March 2020.

The decision to halt production there ends 28 years of production at the facility which currently employs 650 associates and represents a P 1.9 billion investment.

To meet Honda’s customer needs in the Philippines for reasonably priced and good quality products, Honda considered efficient allocation and distribution of resources. As such, after consideration of optimization efforts in the production operations in Asia and Oceania region, Honda decided to close the manufacturing operations of HCPI.

HCPI will continue its automobile sales and after-sales service operation in the Philippines, through the utilization of Honda’s Asia and Oceania regional network.

Honda will continue providing highly attractive products to its customers in the Philippines and continue contributing to the local society, which has been an ongoing effort for the last 50 years since Honda was established in the Philippines.

Just too expensive to manufacture in the PH. Same thing happened with Ford. And having a plant is no longer a must with the ASEAN free trade agreement.

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[Athrunzala]

so they will transfer to countries which are hit by the coronavirus?

[shadow]

They rather be hit by Wuhan China virus than dutiti virus.


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[CVT]

Just too expensive to manufacture in the PH. Same thing happened with Ford. And having a plant is no longer a must with the ASEAN free trade agreement.

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28 years down the drain...

Power is expensive in our country... Then labor.... OH is expensive..... And we have limited (and expensive) local support for the indirect material....