Official: Manufacturers quit China for Philippines

[chris_bern]

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I also doubt kung madayun nang mga manufacturers na mamalhin sa pinas... we still have a lot to fix in our country aside from the famous CORRUPTION issues.. kailangan sa wagtangon ning ato gobyerno ang mga REBEL groups especially NPA's kay maka hurt na sila sa mga investors both local and foreign.. our business giants are already suffering heavy taxes from the government and if they will expand to the mindanao and some parts of luzon and visayas they still pay REVOLUTIONARY taxes to the NPA's which is not enticing for business expansions..

[PaYaSo]

the phrase will be change to "God created the earth and everything is made in the Philippines."

maayo unta maabot na nga time.

[edgeknife]

i dont know if ako ra laing huna2x ani... the question is: aren't we the ones fall in the trap nga gihatag from china to pinas?

i dont know if naa ba ubang manufacturers like americans or europeans... kay labi na sa america karon nga election period unya si president barack obama is campaigning to nga makatrabaho ang mga americans sa USA... i mean lets face it, mao bitaw kuyawan ang mga call center agents or BPO agents nga mawalaan sila trabaho sa atoa kay ibalik to where it belongs... isa baya ni sa issue sa mga presidentiables sa america ron ang unemployment rate is high... pero dire nag start sa kang bush administration... imagine, pila to ka recession sa america nahitabo... AFAIK, murag 2 ka recession nahitabo...

bitaw, i dont if we are happy with this news... i am also looking both sides on this, dili lang ang good news ani...

[digitalsuperman]

naa naman mga companies nagsugod balhin. like Epson. they are now building their printer factory in batangas.

JAPANESE businessmen remained bullish on the Philippines as a think tank and asked the government to lure in more shipbuilders since manufacturing costs in quake-hit Japan have gone too high.

Kengo Mizuno, executive director of the Manila branch of the Nomura Research Institute of Japan, said investment promotion officials should target Japanese ship builders to relocate their facilities in the Philippines, the same way the country has lured in Korean and Singaporean ship builders.

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For one, the world's biggest ship builder, Hanjin of South Korea, has established a ship building facility in Subic Freeport and is building another in Misamis Oriental. Singapore-based Keppel, meanwhile, also built ship building and ship repair facilities in the country.

If government will be successful in inviting Japanese ship builders, this could also trigger investments by steel makers even as the Philippines lack manufacturing plants, Mizuno said.

Underscoring Japan’s upbeat mood toward the Philippine economy, Mizuno said that four newcomers shoveled in $314 million in investments while expansion projects by earlier locators have infused another $735 million for total Japanese investments to the tune of $1.49 billion in 2011.

Four of these companies are located in Batangas such as Brother, which set up its $54 million printer factory in Tanauan City; Canon which sank $220 million; and Murata, maker of ceramic condenser that invested $40 million.

Epson, a familiar manufacturer of printers, likewise put in $110 million for its factory expansion in Batangas.

The biggest investor was Yokohama, a Japanese tire maker, which will spend $625 million for expanding its factory at the Clark Freeport in Pampanga. (Virgil Lopez/Sunnex)

http://www.sunstar.com.ph/manila/local-news/2012/03/03/japanese-investors-renew-commitment-philippines-209373

[chuckkcuhc]

God Made All Things

And the Rest is Made in China

and to be Continued in the Philippines

[maring]

Just hope nalang that it's true para sad daghan matabangan, save the politics for the elections nalang.

[Romeojin]

even if this is true.. we cant effectively accommodate most of them as these companies will only invest on EPZ which is overcrowded im sure we will lose most of them to other neighboring SEA countries.

well i doubt we can do ChaCha anytime soon. but i still recall that proposal to make the whole cebu a EPZ maybe we cebuanos can gain from this

[æRLO]

How do you think this supposed "transition" from China to Philippines will go, now that our own president might cause instability in the country with his cries of plots against him? No company will going to want to move their factories here if they buy into PNoy's cries. We already have instability in the form of insurgencies in the south, are we going to add another instability in the form of government unrest? (plot for assassination, coup d'etat, conspiracy)

[PR0CESS0R]

double post...sorry

[PR0CESS0R]

mao gane plano mubalhin ning mga manufacturers sa ato nasud nga gikan pa sa china kay kita na ang pinaka cheap ug labor...

Sobra ra sad ka barato atong minimum rate diri oi, looy kaayo ang workers kay halos dili ka tubag sa daily needs.

Maayo man sa Manila kay sunod man sila sa minimum rate, diri sa Visayas naa pa gani nag sweldo ug 90/day.