The Philippines can indeed manufacture, but can it become a powerhouse? Let us your thoughts down below! Note(s): 4:57 - Service industry data is by quarterly basis as of 1Q 2022.
What makes you think the Philippines should not be manufacturing products? Just because it has a unique talent in BPOs doesn’t mean it should be deprived of manufacturing factories. Your question of whether or not the Philippines should go into manufacturing is a strange one. Why is that even a question?
The Philippines can be a manufacturing power house if the cost of electricity is lower than its asean neighbors. Labor strikes should be minimized Tax incentive should be given only to qualified entities only .
There's no question 'bout that, Philippines could be a manufacturing Powerhouse. But as long as the Philippine Energy (Electricity) costs remains to be one of the highest in Asia and with its current insufficient energy (electricity) capacity to cater possible future or even those already existing technologies, then Philippines becoming a Manufacturing Powerhouse/hub is just a dream drawn in rough waters. Higher Electricity cost and insufficient energy capacity of the Philippines is the main reasons why Big Manufacturing companies leave the Philippines before and chose to put up their plants in the Philippines ASEAN neighbors as well as China and it's also one of the reasons that's holding those positive and possible Investors to put up their Manufacturing Plants in the Philippines.
Philippines Congress need to amend epira laws as soon as possible. . . I don't know if robin can make. Robin all talk with out sense. . . Husto Lang sa yabang. . . Nag aaral pa daw Siya. Dapat nag aaral MUNA bago nag senator.. wag daw mag madali. . .
@@leonortenorio6604 alam mo na mga pilipino mahina sa critical thinking majority at kung ano nasagap na balita walang kumpirmasyon maniniwala agad at lalo na mga eelect natin at ano pa ba aasahan natin bale UNITY NA LANG
@@waterlily2839_chua problems sa pinas masuadong restrictive ang corporate laws ntin. . . Laying gusto Ng MGA pilipino pilipino investors. . Pag Naman pure Filipino investors oligar Naman. . Pag lahat Ng politico ay Gaya ni marcoleta wala talaga buhay ang pinas. . Gago MGA bomuto sa sagip partylist. . . Walang ginawang mabuti dapat Hindi binibigyan Ng budget. . . Saying ang Pera Ng bayan sa kanya.
@@leonortenorio6604 The Phil. Congress is the bedrock of corruption. They only lobby for those that pay enough and for their comrades in business with their common interest.
I’m a graduate of industrial engineering and work for 2yrs in manufacturing industry but manufacturing industry in Philippines sucks, u must be overqualified but barely reach your expected salary,u must be flexible no work life balanced, and skilled wise I think u must have all. Not all manufacturing industry but most of them tho. #protectourworkers
Being the generation first to be used to the internet in the country, it is fascinating how the techno-proficiency gap between members of the family is so wide in the Philippines. Like a grandparent could tell a story from his/her childhood life playing in the paddy field to now 8-year-olds chatting on messenger. The point is that the sudden so-called "upgrade" to digital clashes with the traditional ways of the country causing distrust and confusion in the system mostly suffered by the elders. And no one is even talking about all these, then forcing rural areas to adapt in ways they could not afford.
Lol .... This problem you mentioned, if it's even a problem is not unique to Phillipines. India, Veitnam, China and many more countries went through the same technological leap in just one generation.
They can if they can utilise their vast geothermal resources to get electricity prices down and if they can eliminate corruption. Let's hope they can do both because the Filipino people are fantastic and I hope their standard of living skyrockets over the coming years.
20 years ago we were ahead of South Korea in exporting semiconductors. Were probably behind only the US, Japan and Taiwan in production. Not bad for a supposedly sh1tty country whose GDP was smaller than Bill Gates' net worth at that time. We're still in the top 10 and it's still our biggest overseas earner. The country has the capability. As for ambition, that's another story.
Oo matagal na sinasabi ng panahon ni Cory Aquino, Boy Benta Ramos, Erap weteng king, and Panot pinoy Aquino, gumanda rin ang ECONOMY ng panahon ni GMA, at PRRD. Ngayon hindi lang sabi sabi kundi magkakatotoo sa pamumuno ni PBBM.
Your a liar, how do you know this? You're just bias, Philippines has and will remain a 3rd world poverty country, take a look at Japan, Germany, Korea they made it out of WWII but Philippines is still in the Stone Age.
Nasa atin na po ang mina ng raw materials sa manufacturing industries, huwag na po nating ilabas ang mga ito, dito nasa Pilipinas iproseso then saka mag export after the finished products na upang magkaroon ng livelihood sa ating maka kababayan,
The philippines have the best special laborer forces in the world. They are very high skilled hard workers, smart, loyal and family oriented people and therefore they are very focus on their jobs in order to continue support their families.
It will be an eye of the needle case if the Philippines can become competitive manufacturing country in Asia. Unless its manufacturing sector can compete with the Asia's manufacturing powerhouse countries like China,Japan,India,South Korea etc. it has its potential to become a one of manufacturing hub in Asia. Real talk🤔🤔🤔
20 years ago were ahead of South Korea in exporting semiconductors. We can take on anyone. The problem is lack of ambition and will. We have no trouble building ships for Europe, Australia and even weapons for the US military. The trouble is marketing and sheer desire. Even if we make them we'll have trouble selling them. Look at Jollibee. It's been in the US for 30 years yet opens a pitiful 1 or 2 branches a year.
WE just need to develop enough Industrial- Manufacturing Zones with integrtated facilities for water; power; utilities ; logistics and mobility and encironmntal infras...
service industry leverages on citizen skills. as the 1990s ushered in the Philippines GDP consist mainly of service export like the factory workers to taiwan, oil and gas workers in the middle east, technical workers and merchant marine workers. large portion of filipinos are skilled workers shifting from service to manufacturing is going to be an easy transition if the following requirements are met. 1. lowering energy cost production 2. streamlining of customs regulation and 3. establishment of better transportation infrastructure.
We might been behind already with some other countries but still we are in great shape. Believe on the people and support the government we can make it to top soon.
We used to have manufacturing, it stopped when after EDSA revolution the devaluation took effect & there was upheavel & chaos in politics, business & economy. I hope it picks up. MAY GODLY WISDOM LIGHT & GUIDE, GOVT & BUSINESS SECTOR.
The shift to electric vehicles is an opportunity. The Philippines has one of the largest known deposits of Nickel and Copper. Let's see if the $500 million EV battery plant by San Miguel Corporation can attract car manufacturers.
First you would still need to assuage local concerns of environmental pollution from developing large scale mines, and make them benefit from its development also. If our environmental standards is too strict, investors would simply move to Indonesia to mine nickels and copper since it would be cheaper.
Yes, they can....low labour wages, the relocation of labour-intensive manufacturing from China, and recent improvements to the business environment suits well for the future. Manufacturing sector looks set to become a key driver of economic growth in the Philippines over the next decade.
@@ptx172 Depende yung presyo sa mga local cooperatives, hindi naman taas lahat sa Pilipinas. BENECO for example, people are going to invest depending on alot more factors, there's still Foreign investment from South Korea in the Philippines for manufacturering. True tho, malapit kasi talaga ng China sa Vietnam.
@@RatedR03 lol saan kumukuha ng koryente ang mga cooperative natin hm....? Nag rerelay tayo sa coal power plant at sa oil. Hay nako ayoko na sa earth sa mars nlang ako. Hirap mag explain kapag hindi nag reresearch. Brad you need research at common sense.
@Jonathan Arlos bro... You need common sense. Tatanongin kita king ikaw investor Alan mong malaki ang kita as Vietnam while sa pilipinas maliit ang profit. Eh.... Saan ka mag einvest? Dba sa malaki ang profit? Hay nako? E research moden kung bakit prefer mag invest sa vietnam kaysa pilipinas. Hay nako nakakagigil.
@Jonathan Arlos sinsiya na salita anyway ang major factor jan ay ang kuryente, 60/40 Constitution, red tape, infrastructure, corruption. Mga pilipino kasi utak talangka kung meron lang tayong mindset na Chinese (entrepreneur) mindset ng japanese(tangkelikin ang sa riling atin) e nasa retail at service tayo one day millionaire eh... Nag rarale pa kaysa magtrabaho
i'm a filipino mechanical engineer, and is working locally in a manufacturing plant, the biggest obstacle for us being a manufacturing giant is our price of electricity is too high compared to our neigbors and the grid is shitty, many times we ecounter power outages and fluctiations, which damages our sensitive electronics like inverters and converters.
Kaya dapat nuclear energy na. Sana ma realize na sa admin na ito yung pag gamit ng nuclear energy that is safe and cheap but stable and sufficient for our needs.
Tama Ka. My friend told a retired VP of one manufacturing plant noon 2005 pag daw namatay ang makina. Ang starting cost na kuryente ay 80k na Kaya dapat tuloy tuloy ang operation Ng makina. Hindi pinapatay. . . Ganun daw kamahal ang kuryente sa pinas... Tama Ka madalas daw nagkaka problems dahil fluctuations Ng kuryente.
They only have one export, Humans. Either they ship their women to be nurses abroad or maids for those uneducated, and their men, on ships running about the world. Forever abroad, never at home. They had the US to help them, they had decades of an open economy, and they went back to someone complicit in the greatest robbery in history. Some people deserve poverty.
In truth, no. The problem is simple. It is not technology. It is not people’s ability and talent. The main problem right now is attitude towards productivity. And unless that changes it wont be able to compete with its neighbors
It's the electricity cost that hinders not only local businesses but also foreign investors to venture on manufacturing. There were lots of factories before than now due to increasing expenses and fast technological improvements in the country esp in telecomms, which led the service industry to skyrocket leaving the manufacturing on low demand.
The comparison of PH economy to Singapore's economic path lack context. Singapore's economy today may be composed largely of its services sector just like the PH but it is their manufacturing industry that gave them the boost in the early stages of their economic development and progress. Their economy, in its early stages, focused on being export-driven through their manufacturing industries, one of the first few countries to do this when import substitution was the trend for most nations. That gave them an early advantage in economic development because as the rest of the world realized that export-driven manufacturing is key to propelling a nation's economy, Singapore has already been at it for decades. After a country's manufacturing industry is well established, it gives rise to a middle-class population that fuels the service economy, that's why normally, the service sector overtakes manufacturing industry as a country progresses. The PH never really was able to fully and highly develop its manufacturing industry before the services industry took over the bigger part of the economy, mainly because not enough investment was poured into it by the government and also because cronyism and corruption (which is a deterrent for competition and foreign investment) became rampant in the country. The PH also was able to grow its middle-class, that largely fuels domestic consumption and the service sector today, partly due to it exporting labor because of lack of high-quality, high-paying jobs in the country (another effect of underinvesting in the manufacturing industry). If the PH really wants to follow Singapore's footsteps, we need to learn and look at their economic history and not how their economy is today because frankly, Singapore and PH is at different levels of economic development and has different economic context.
The PH could have been great, its people are hardworking, but they keep voting for the corrupt leaders...they deserve what they get, until they learn that they are all taken for a ride by the politicans that live like billionairs while their constituent live in poverty.
Of course possible just only need in investor company.. we all know Filipino workers can produce quality output. And it will create plenty jobs .. especially if you put this future factory in Province of la Union and Pangasinan.
It would not significantly impact investment due to signficant infrastructure present in Manila and other urbanized cities. As long as they stick to such areas which are more resilient and less disaster prone, the will come; just not everywhere in the country.
@@RatedR03 But how far are the ‘less-disaster-prone’ area and their distance to the best logistic infrastructure for them to attract investment? Singapore is able to attract loads of investments due to their strategic port and ease of freight movement because the island is just that small, everything is ‘near’. Plus manufacturing industry is energy intensive, so they need the cheapest and reliable electricity.
Political stability and infrastructure are key, after the unstable 6 years of the strong man Duterte (who loudmouthed everyone that does not agree with him) and another 6 years of the son of a dictator, who is now playing with China. We will age another 6 years before we see some change for the good. 6 years was wasted another 6 years will be wasted, our children will be in midlife before they see a change for the better, we all hope.
You are wrong, natural disasters are nothing for foreign investors, natural calamities are universal its mother nature, Look, even USA, France, Japan, China, Italy etc are hit by natural calamities yearly such as Hurricane, Typhoons, Earthquakes, Tornadoes, Heavy Flood, Snow Storms etc..and yet those countries attract foreign investors, right? So Philippines will attract more foreign investors because Philippines have highly educated & skilled people & strong young people work force , and good geographical strategically location because Philippines is at the heart of South East Asia. Fyi many many Big Multinational Companies & industries from around the world are already invested in the Philippines and Philippines continiously attract more foreign investors to invest in the country.
PH could be a manufacturing giant. Even if current PH manufactured goods cater mostly to local demand, at least Filipino workers are being hired. With automation and quality products, this picture could change. Local labor costs are still competitive compared to the other Asian tigers and industrialized countries. Moreover , there is the young and educated PH labor force. Another plus for PH are the abundant natural resources from copper, nickel, cobalt , iron, etc. which are needed in electric cars, electronics, medical and industrial products. With these metals and raw materials, foreign firms could just manufacture there products right there in PH rather than transport them to other countries. The PH government should continue to open more Economic Zones that offer tax incentives and 100% equity for foreign firms. It should also encourage the manufacture of high value or finished products, rather than the export of raw materials or unfinished products. One way is to levy higher taxes in the export of raw materials.
well it all depends on the prerequisites like power requirements. its very inconvenient for industries to constantly maintain their broken machineries due to power shortages and constant blackouts. In china industries are sustained by the many varieties of power plants like the WTE's that are sprouting like mushrooms across its provinces for its sustainability and its ability to create not only power but also industrial by-products. In Philippines its very unlikely with the clean air act and laws that are forbidding such developments.
I have a very, very different take on the Phillipines. I'm in the process of starting an electronics factory there. Most of my work is custom electronics products for industrial purposes. There is money in those types of products. They are specialized. So I have the edge there. The value I see there is that the Filipinos are just wonderful people. So friendly peaceful, and co-operative. I was there in November and I employed 2 guys. It was such a pleasure to work with them. There are plenty of skilled people there needing work but there is not enough work to go round. So the employers take advantage, work them 12 hour days including Saturdays and pay them jack squat. Most families with skilled parents that would be comfortable in the west cannot make ends meet in the Philippines. Even when living in poor areas. Its so bad that a huge number of them go abroad and work as maids and so on in rich countries. Husbands and wives have to separate and sometimes don't see each other for years. Its tragic. In time, I want to develop AI technology to multiply a worker's productivity. That way the person can earn more and live a good life. That will compete with other countries. One day that might not be so but today companies in the east just "use cheap labour". Its about a buck at the end of the day and if a person comes cheap then there's no motive to go really high-tech. I think i will have the edge there also. My model will have to be proven but if it works and the government gets involved, then yes, the Philippines could become a powerhouse. Ahead of the world. As it is now, Filipinos don't have much hope. They don't benefit from the American and Japanese exploitation machine. Its no wonder that they have a laid-back attitude to life. There is no life. I hope i can change that. Even if its just within 1 company.
Your a fool to invest in the Philippines, its the most corrupt country in Asia, even the workers are thieves they will set you up, your taking a big risk with your money and life, how many expats been killed because of set ups by Filipinos or Filipina girlfriend or wife.
To be a manufacturing country, the people need to be hard work . Philipino people still prefer sitting on a jeepney and tricycle instead of riding bicycle or motorbike let someone else to do all the hard work and they pay for it. The business close on Sunday to go to church. Secondly , many overweight people in the philipine, company going to tell them working in the factory for 12 hours standing all day? No way.
Wala ng mining. Gutay-gutay na nga mga bundok at environment natin e kakalkalin na naman dahil sa nickel kaya konting ulan na ay baha na agad. ang liit na nga ng lupa natin kakalkalin pa.
@@juandelacruz3134 not to mention our population growth. Even in lockdown it still rose up. Overcrowding is ugly especially for a small nation. Meaning more consumption, less job availability and more deforestation. ALSO POLLUTION. Why is no one talking about this?
First we must develop our electricity production and distribution to make electricity cheaper, with cheaper electricity we can make our own processing plants to process our own mined nickels, and water treatment plants beside mining operations to reduce pollution from mining can be operated more cheaply with cheaper electricity, to make our nickel and copper products more competitive...
It’s definitely on the hands of the business owners. On how they’re going to handle their resources prior to the needs of their clients/customers. Also Philippines has a lot of available workforces that can immediately start with proper trainings and seminars. Philippines can definitely be a powerhouse on the manufacturing industry 💪🏻
The problems is restrictive corporate and investment laws natin. And the cost of electricity natin. . . Tapos union problems at Sana Naman matutu na MGA tao. . . Corruption pa. . . Wala talaga investors na matutuwa.
@@James-gn6ig union problems. . sometimes labor union problems become hindrance economy... some of the labor leaders take advantaged the situation of the laborer. . . in the past many of company had been shot down bec of labor problems. . . if laborer don't want company policy just resigned find another job.. don't drag other to join with you. . . MGA laborer dapat isipin nila Yun MGA pamilya nila at Hindi basta nagpapadals sa mGA leaders. . . contractual union bastings Yan ang sulution Ng MGA company to avoid union... once the company have a labor union for sure Meron na problema. . ang MGA union leaders Meron din Naman personal agenda mga Yan. Kung wala silang mapapala iniwan nila MGA laborer sa ere. . Kung gusto umunlad magtrabaho Ng maayos. .
Not in your lifetime, Philippines main export is slave labor, no job skills, poorly educated people where everyon graduates from college, no one left behind, fly by night, pay as you go.
Great video as always Sir. Like you ,we also help people. We are a property management ,we help real estate investors to multiply their properties in Metro Manila and Cavite.
Given its current heading and future plans? I doubt it, the focus on its service and IT industry combined with extreme inefficiencies in its businesses due to poor infrastructure and poor electric grid hampers it from taking any advantage of any emerging manufacturing industry
Philippines is already taken over by Thailand, Vietnam, Malaysia, and Indonesia in manufacturing. Most of the food and other products here in US were manufactured from those countries (besides China, Japan, and Korea). I don't think Philippines will ever be a major manufacturing player considering its inadequate building infrastructures to manufacture goods, frequent blackouts, susceptibility to typhoons, and many restricted policies to non-local businesses and investors....
Philippines was a manufacturing countries, American, Chinese and Japanese Companies were all there on 1970s and 1980s then 90% them moved to neighboring Asean Countries such as Singapore, Vietnam Thailand Indonesia and Malaysia. These companies were there first in Philippines namely, Ford Company, Toyota, Nissan, Mitsubishi, Sony, Levi's, Rubber world, Toshiba, Firestone, Caltex, etc... They moved out from the Philippines because every Filipinos are Well Educated, Well informed about INTERNATIONAL & NATIONAL LABOR LAWS, ... Filipino Employee were always asking their Rights as Employees that must be Recognized by the Employers..... employees were always on Strikes and Rallys against their employers during that time and it Was the reason why investors decided to moved out their investments in the Philippines. Fighting in court between Employers and employees were seen everywhere in the country.
where you think most of their raw materials came from? Anyway that is what our new government addresses beacuse we sell them our raw materials which gives us less profit and that is one of the new government agenda is to have our own manufacturing industries.
Duterte admin ay walang magawang maganda sa economy Ng pilipinas. . Nalubog sa utang dahil sa curroption. . From 39% up to 63% against GDP. Ang utang pinas ngayon. . . Ang Build build build nya ay project ni pinoy na ppp. Public private partnership na itinuloy nya. . . 10% govt money and rest investors money. . . Ang project Ng duterte admin ay ang china project at loan sa china. 1,1billions loan sa china. .
@@leonortenorio6604 The DUTERTE ADMIN continue the BLUE PRINT OF LATE PRESIDENT MARCOS sinabi nya mismo yan na BLUE PRINT NI LATE PRESIDENT MARCOS ang kinocontinue nya dahil nakita nya na maganda ang project ni late president marcos hindi galing kay NOYNOY ABNOY YUN! nyahahahh!! Puryagaba atong opawa to.. 😂😂
The Philippines is notorious for its higher energy cost, in order to increase manufacturing sectors they should focus on key factors such as lowering their electricity prices, currently, it is still among the highest in Southeast Asia. Second, build better infrastructures such as ports and roadways that ease connectivity between their main islands, and forget focusing on fancy buildings in metro manila just to beautify the city center. The third one, is a good balance between labor cost, taxes, land rental and bureaucracy ( unclear and weak policy on these subjects will surely drive investors away ).
There's an incalculable prob with Pinoys as most are happy-go-lucky. Those who are masinops can go nearer to wealth acquisition but i think these could be explained in Rizal's The Indolence of the F... Habitial & pretensious spending is inevitable among us, like being One-day millionaires but if Personal Finance planning aside from gambling sidebars are inculcated among our youth, the road to wealth is just over the bakod. Yes, Pinoys can (conditionally)
It’s too early to speculate. Our president is busy inviting foreign investors to our country. Hope and pray they might consider the Philippines for their manufactures. Our country is a manufacturer of shoes in Marikina.Also there was a jeepney manufacturer before but I don’t know what happened to it. Who knows in the long run, somebody is willing to invest in our country. Don’t underestimate the Philippines because we have lots of college graduates that the businesses can utilize for production.
Apparently, we are indeed already manufacturing industry. That is to say we are manufacturing human talents geared towards as exports to be of service of developed countries
Yes, The Philippines can! Infact, The Philippines is one of the top semiconductor chip producers in the world, Philippines is manufacturing world class liquor, beer, can goods, clothes & apparel, electrical & electronics products,, machineries, furnitures, etc.. and those are export around the globe.
surely it will change if they increase the salary of the manufacturing workers,nowadays most manufacturing workers are applying to abroad due to low salary of manufacturing workers here.
As long as there are corruptions in the Philippines Governments officials that will be just a dream...remove the corruptions and remove the crab mentality on peoples mind Philippines would be on the way to fulfill it's dreams...
Philippines can concentrate on BPO Tourism and Agriculture./rice coffee etc....and some areas of manufacturing were we have raw materials and domestic demand..
Before we achieve that goal of being a manufacturing powerhouse, we must first address two key issues. POWER and MANPOWER. A sustainable and affordable source of energy is needed in order for us to sustain that growth momentum. Our government knows this and there are plans already lined up. One of this is the revival of our sole Nuclear plant. A Korean firm submitted proposals and are now being studied. President Marcos is also interested in putting up conventional and unconventional sources of energy all throughout our country. As I'm told by someone who works for an energy firm, German and American companies are interested and are willing to invest. The second issue is manpower. We have to retrain our workers so we could fulfill the manpower requirements of this industries. Our government should focus on math and science because we lack the engineers to fill the gaps in our industries. Most of the young people I talk to don't want to go in this field coz of one reason: MATH. Thats why we should start educating them from the grassroots level to prepare them for tackling STEM related courses. If we do all this, I'll bet my bottom dollar that we will be able to accomplish our goal which is to become a manufacturing powerhouse.
A good possibility. But we need power or electricity to power factories , without sacrificing the public needs of power. We need nuclear power like Japan, China, Canada, Europe and more. We need peace and order to attract foreign investors
Lower the CIT corporate income tax to 17% to promote competition , lower electricity by allowing foreign direct investors to compete in generation, transmission and distribution, shift to federal parliamentary open fdi system na para mabilis action harap harapan ang admin at shadow government for strong check and balance and verdict agad.
Philippines' big advantage to the manufacturing sector is its people resources and fairly high interest in education. No doubt it could be a manufacturing powerhouse. Drawbacks preventing it - as others have said in the comments - are unreliability and high cost of electrical power, Government policies regarding investment and corporate ownership by foreign entities, to some degree corruption and inconsistency in how regulations are enforced, and from what I can see a lack of investment incentives to attract manufacturing-centric business. As an example, if you review the annual Government statistics on exports by value, manufactured products in general don't make it to the top of the list. I believe 'electronics' is fairly high on the list, but dwarfed by agricultural exports like coconut products, and minerals. There is a lot of clothing made in Philippines, but the garment industry is way down the list of exports. If the Government would open up the electrical generation and distribution sector to international investment, I believe the problems with the electrical grid could be largely solved in a fairly short period of time within higher population areas. That would improve conditions for manufacturing investment. Other infrastructure development - such as transportation - is already taking place.
Oh yes if only government and.politicians to look at Foreign direct investment as the main source of engine of economic growth and put the resources more in research and development and provide financial asisstance to local start up companies.
Yes ! I would say because if China tumble we are a candidate provided that our energy is handled by the goverment specially electricity due to our very good geographical location , the good people we have and good governance
Philippines finance secretary said foreign direct investment increased by 52.4% but that only translates to USD10.52 billion in 2021 for a nation of about 100 million . With such small investments how to be a manufacturing hub? Right now Philippines is running on trade deficit .
This channel is almost always featuring the aphilippines.Bangladesh is the new manufacturing powerhouse. Vietnam has gone ahead.. Many MNCs that left Chona went to these countries.. The channel should be renamed Behind Philippines
Philippines needs nuclear energy to supplement its rising energy costs, and becausd of that factories don't need to rely on gas and oil fired powerplants to power the machinery
The philippines did it before. Pre colonial, colonial and post colonial and still today remain stable, firm and strong even crisis hit the country. The philippines can do it better.
The Philippines need manufacturing but it needs the government to invest massive amounts in food and energy for cheap energy and curb inflation as well as bridges to connect the islands electricity is very expensive and wage rate cannot compete if food and housing as well as transportation is expensive this problem belongs to the government to push for more energy and food infrastructure spending since the time of cold war era political economy research studies until today's modern world still food and energy are the Philippines basic problem
IF WE CAN ONLY EXTRACT THOSE DEUTERIUM FROM THE SEA BED AND LOWER OUR ELECTRICITY COST THATS THE KEY TO BE A MANUFACTURING POWERHOUSE ON ASIA.BUT WITH A HIGHER POWER COST IT WILL NEVER BE DONE.
The Philippines lack behind the other ASEAN countries in infrastructure. No modern highways between north and south, East and West. No railways also. No nationwide network of communication, internet in rural areas. No clean water supply nationwide. No availability of reliable supply of electricity nationwide. No large ports or shipping routes to most provincial areas. These shortcomings has to be addressed before Philippines can start to compete with other ASEAN countries like Thailand or Malaysia. The problem for Philippines is it is made up of Islands and mostly mountainous. The advantages for Philippines is its large and industrious population. The best thing we can do is to get China to help build up our infrastructure first. That alone would supercharge our tourism income which has the greatest potential for growth.
Philippines needs to do what exactly USA did from 50s to 90s which is to build even more roads. There should be an act that will allow even more roads and more rails as a bonus and supplement to decrease the threat of ROW and NIMBY people. These roads are essential for our increasing population, growing economy, and national security.
How can we do it without investors. . . If govt continued getting loan Philippines will be bankrupt. 2014-2017 Philippines debt is 39% against GDP. Now in duterte admin Philippines debt 63% against GDP as of march 2022. BBM need to loan again 1.5billion dollars for 2023. . . budget. . . Philippines debt 229billions dollars. Philippines reserved before duterte admin 109billions dollars now 107 billions dollars. Philippines gold reserved 200 metric tonnes. Now 158metric tones in world Bank data. . . Durterte admin waste a lots of money. Many of those projects are ppp. Public private partnership. . . Only 10% are govt and rest investors money. . . As of now we don't need like marcoleta interventions in business sectors. It is not good for images of Philippines. . We need investors. . .
You know whats the difference between China and PH? The method of manufacturing, China=relies on Machinery, while PH= More of Handmade products; a personal touch and a sense of individuality that machine-made items may lack.
The Philippines can become a Manufacturing Power House but first, they have to eliminate corruption in the country, it is corruption that makes the Filipino people poor and crooked politicians want the poor to remain poor and uneducated so they can control them and get votes to remain in power. It is hard but not impossible.
In the 60s Philippines was on par with Japan, in the 80s Philippines was better than Korea, I know, I lived in Korea for a year as USAF airman. In 40 years Philippines turned from one of the richest in Asia to one of the poorest. Why, when your sons and daughters, almost all educated in the Philippines our doing just fine overseas? Here in the US Filipinos is one who has the highest buying power among Asians, 3rd only to China and India. I think I know why, because the majority of Filipinos are corrupt. If it's not true, why will you elect a president who has no knowledge in running a country, no accomplishment, really nothing to show for except embarrassments for all Filipinos overseas.
I dont think so??...coz just a problem with the commodities,,the government cannot cope up with....many filipinos have no work,,so they prefer to work abroad...
Philippines has gone from agriculture to service economy. Large companies will never invest in manufacturing here in the Philippines because of the high cost of electricity. Most manufactured items here are for domestic consumption and not for exports. Unless electricity cost goes down and infrastructure is improved we will never compete with Vietnam, Indonesia, Thailand and Malaysia.
Philippines never compete? You made me laughed! In your dreams!..hahaha! fyi, Philippines is one of the Top semi conductors chip producers in the world, and export world class electronics & electrical products in the world, and Philippines world famous beer San Miguel Beer is exporting in 60 countries worldwide including in US Japan, South,Korea, UAE, Australia etc.. Philippines are export many many world class products around the world that is why Philippines was included in (NIC) - Newly Industrialized Countries, You just make some reseach first before you comment not only blah, blah ok?
@@ninow5 Philippine govt now open more doors to foreign intel/ telco investors so soon Philippines is become at par in the best of the world in that field because before Philippines is very protectionist in our big industries such as intel or telco, so many foreign investors in that area are not coming in because of protectionism of Philippines, but now philippine govt open its more doors to telco/ intel foreign investors i think the Starlink one of the Big foreign multi telco/ intel industry is start invest in Philippines.
Impossible, as long as electricity remains very high among the most expensive in Asia and the world, red tape in acquiring business permits, poor infrastructure of transportation of goods due to heavy traffic, rampant corruption etc. It’s a No.
If Philippines wants to be greater than Singapore, Malaysia, and Indonesia, they need to bring back their people working abroad first. I heard many of their brains leave the country for better living.. If not, one country after another will surely pass them, Vietnam is now ahead of them..
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The Philippines can indeed manufacture, but can it become a powerhouse? Let us your thoughts down below!
Note(s):
4:57 - Service industry data is by quarterly basis as of 1Q 2022.
What makes you think the Philippines should not be manufacturing products? Just because it has a unique talent in BPOs doesn’t mean it should be deprived of manufacturing factories. Your question of whether or not the Philippines should go into manufacturing is a strange one. Why is that even a question?
Philippine is not behind in terms of technology, IMI and MT technologies under the ayala is capable of producing hitech products.
Political corruption is systemic, its got the highest electrical rate in Asia, so how can manufacturers factor that in
The Philippines can be a manufacturing power house if the cost of electricity is lower than its asean neighbors. Labor strikes should be minimized Tax incentive should be given only to qualified entities only .
@@aprealstatetraveletc.. Cost of electricity is protected by the corrupt congress.
There's no question 'bout that, Philippines could be a manufacturing Powerhouse. But as long as the Philippine Energy (Electricity) costs remains to be one of the highest in Asia and with its current insufficient energy (electricity) capacity to cater possible future or even those already existing technologies, then Philippines becoming a Manufacturing Powerhouse/hub is just a dream drawn in rough waters.
Higher Electricity cost and insufficient energy capacity of the Philippines is the main reasons why Big Manufacturing companies leave the Philippines before and chose to put up their plants in the Philippines ASEAN neighbors as well as China and it's also one of the reasons that's holding those positive and possible Investors to put up their Manufacturing Plants in the Philippines.
Correct we can only dream of that but impossible
Philippines Congress need to amend epira laws as soon as possible. . . I don't know if robin can make. Robin all talk with out sense. . . Husto Lang sa yabang. . . Nag aaral pa daw Siya. Dapat nag aaral MUNA bago nag senator.. wag daw mag madali. . .
@@leonortenorio6604 alam mo na mga pilipino mahina sa critical thinking majority at kung ano nasagap na balita walang kumpirmasyon maniniwala agad at lalo na mga eelect natin at ano pa ba aasahan natin bale UNITY NA LANG
@@waterlily2839_chua problems sa pinas masuadong restrictive ang corporate laws ntin. . . Laying gusto Ng MGA pilipino pilipino investors. . Pag Naman pure Filipino investors oligar Naman. .
Pag lahat Ng politico ay Gaya ni marcoleta wala talaga buhay ang pinas. . Gago MGA bomuto sa sagip partylist. . . Walang ginawang mabuti dapat Hindi binibigyan Ng budget. . . Saying ang Pera Ng bayan sa kanya.
@@leonortenorio6604 The Phil. Congress is the bedrock of corruption. They only lobby for those that pay enough and for their comrades in business with their common interest.
I’m a graduate of industrial engineering and work for 2yrs in manufacturing industry but manufacturing industry in Philippines sucks, u must be overqualified but barely reach your expected salary,u must be flexible no work life balanced, and skilled wise I think u must have all.
Not all manufacturing industry but most of them tho.
#protectourworkers
Being the generation first to be used to the internet in the country, it is fascinating how the techno-proficiency gap between members of the family is so wide in the Philippines. Like a grandparent could tell a story from his/her childhood life playing in the paddy field to now 8-year-olds chatting on messenger. The point is that the sudden so-called "upgrade" to digital clashes with the traditional ways of the country causing distrust and confusion in the system mostly suffered by the elders. And no one is even talking about all these, then forcing rural areas to adapt in ways they could not afford.
People can adopt easyly if they have money.
@Robert Crown so what's the government gonna do?? Stop this progress because of them??
Lol .... This problem you mentioned, if it's even a problem is not unique to Phillipines. India, Veitnam, China and many more countries went through the same technological leap in just one generation.
@fluffbert_animatic they are well train People, that's why they are in government.
They can if they can utilise their vast geothermal resources to get electricity prices down and if they can eliminate corruption.
Let's hope they can do both because the Filipino people are fantastic and I hope their standard of living skyrockets over the coming years.
20 years ago we were ahead of South Korea in exporting semiconductors. Were probably behind only the US, Japan and Taiwan in production. Not bad for a supposedly sh1tty country whose GDP was smaller than Bill Gates' net worth at that time. We're still in the top 10 and it's still our biggest overseas earner. The country has the capability. As for ambition, that's another story.
good presentation, it makes us hopeful. Both are possible as long as there is someone initiates the project
Filipinos can be easily trained. I hope investment happens.
marked my Words, Philippines will be One of the Biggest Exporter in Food Section in upcoming years again.. 🇵🇭
Weh matagal nang sinasabi yan. Tumanda na ako wala pa rin
Oo matagal na sinasabi ng panahon ni Cory Aquino, Boy Benta Ramos, Erap weteng king, and Panot pinoy Aquino, gumanda rin ang ECONOMY ng panahon ni GMA, at PRRD. Ngayon hindi lang sabi sabi kundi magkakatotoo sa pamumuno ni PBBM.
@@talksportstv6046 weh sa kanya nga lalong lumobo ang mga presyo. Like father like son
Your a liar, how do you know this? You're just bias, Philippines has and will remain a 3rd world poverty country, take a look at Japan, Germany, Korea they made it out of WWII but Philippines is still in the Stone Age.
Nasa atin na po ang mina ng raw materials sa manufacturing industries, huwag na po nating ilabas ang mga ito, dito nasa Pilipinas iproseso then saka mag export after the finished products na upang magkaroon ng livelihood sa ating maka kababayan,
The philippines have the best special laborer forces in the world. They are very high skilled hard workers, smart, loyal and family oriented people and therefore they are very focus on their jobs in order to continue support their families.
Philippine is the best powerhouse noong panahon Ng tatay nya example ko FTi Ang Ganda noon napabayaaan lang Ng pumalit dimarunong
It will be an eye of the needle case if the Philippines can become competitive manufacturing country in Asia. Unless its manufacturing sector can compete with the Asia's manufacturing powerhouse countries like China,Japan,India,South Korea etc. it has its potential to become a one of manufacturing hub in Asia. Real talk🤔🤔🤔
20 years ago were ahead of South Korea in exporting semiconductors. We can take on anyone. The problem is lack of ambition and will. We have no trouble building ships for Europe, Australia and even weapons for the US military. The trouble is marketing and sheer desire. Even if we make them we'll have trouble selling them. Look at Jollibee. It's been in the US for 30 years yet opens a pitiful 1 or 2 branches a year.
WE just need to develop enough Industrial- Manufacturing Zones with integrtated facilities for water; power; utilities ; logistics and mobility and encironmntal infras...
service industry leverages on citizen skills. as the 1990s ushered in the Philippines GDP consist mainly of service export like the factory workers to taiwan, oil and gas workers in the middle east, technical workers and merchant marine workers. large portion of filipinos are skilled workers shifting from service to manufacturing is going to be an easy transition if the following requirements are met. 1. lowering energy cost production 2. streamlining of customs regulation and 3. establishment of better transportation infrastructure.
We might been behind already with some other countries but still we are in great shape. Believe on the people and support the government we can make it to top soon.
We used to have manufacturing, it stopped when after EDSA revolution the devaluation took effect & there was upheavel & chaos in politics, business & economy. I hope it picks up. MAY GODLY WISDOM LIGHT & GUIDE, GOVT & BUSINESS SECTOR.
The shift to electric vehicles is an opportunity. The Philippines has one of the largest known deposits of Nickel and Copper.
Let's see if the $500 million EV battery plant by San Miguel Corporation can attract car manufacturers.
First you would still need to assuage local concerns of environmental pollution from developing large scale mines, and make them benefit from its development also. If our environmental standards is too strict, investors would simply move to Indonesia to mine nickels and copper since it would be cheaper.
EVs suck, at least according to Americans. Hydrogen Cars seems to be better alternative choice for me.
@@HSstudio.Ytchnnl hydrogen fuel for personal vehicles are not mature technology yet, not as much as electric cars.
fix your high electricity rates first/
Yes, they can....low labour wages, the relocation of labour-intensive manufacturing from China, and recent improvements to the business environment suits well for the future. Manufacturing sector looks set to become a key driver of economic growth in the Philippines over the next decade.
I don't think so... Taas ng kuryente natin plus logistics. Halos lahat ng manufacturing company nag invest na sa vietnam kaysa pilipinas
@@ptx172 Depende yung presyo sa mga local cooperatives, hindi naman taas lahat sa Pilipinas. BENECO for example, people are going to invest depending on alot more factors, there's still Foreign investment from South Korea in the Philippines for manufacturering. True tho, malapit kasi talaga ng China sa Vietnam.
@@RatedR03 lol saan kumukuha ng koryente ang mga cooperative natin hm....? Nag rerelay tayo sa coal power plant at sa oil. Hay nako ayoko na sa earth sa mars nlang ako. Hirap mag explain kapag hindi nag reresearch. Brad you need research at common sense.
@Jonathan Arlos bro... You need common sense. Tatanongin kita king ikaw investor Alan mong malaki ang kita as Vietnam while sa pilipinas maliit ang profit. Eh.... Saan ka mag einvest? Dba sa malaki ang profit? Hay nako? E research moden kung bakit prefer mag invest sa vietnam kaysa pilipinas. Hay nako nakakagigil.
@Jonathan Arlos sinsiya na salita anyway ang major factor jan ay ang kuryente, 60/40 Constitution, red tape, infrastructure, corruption. Mga pilipino kasi utak talangka kung meron lang tayong mindset na Chinese (entrepreneur) mindset ng japanese(tangkelikin ang sa riling atin) e nasa retail at service tayo one day millionaire eh... Nag rarale pa kaysa magtrabaho
YES PHILIPPINES CAN,be a manufacturing POWER...why?because our labor resource are skilled, educated and can be very motivated....
i'm a filipino mechanical engineer, and is working locally in a manufacturing plant, the biggest obstacle for us being a manufacturing giant is our price of electricity is too high compared to our neigbors and the grid is shitty, many times we ecounter power outages and fluctiations, which damages our sensitive electronics like inverters and converters.
Kaya dapat nuclear energy na. Sana ma realize na sa admin na ito yung pag gamit ng nuclear energy that is safe and cheap but stable and sufficient for our needs.
The downside of coal reliant energy plus we import it
Tama Ka. My friend told a retired VP of one manufacturing plant noon 2005 pag daw namatay ang makina. Ang starting cost na kuryente ay 80k na Kaya dapat tuloy tuloy ang operation Ng makina. Hindi pinapatay. . . Ganun daw kamahal ang kuryente sa pinas... Tama Ka madalas daw nagkaka problems dahil fluctuations Ng kuryente.
I go with hydropower not nuc
@@emconsolacion7950 Not all areas in PH have huge rivers that can supply enough water pressure for hydro power.
They only have one export, Humans. Either they ship their women to be nurses abroad or maids for those uneducated, and their men, on ships running about the world. Forever abroad, never at home.
They had the US to help them, they had decades of an open economy, and they went back to someone complicit in the greatest robbery in history. Some people deserve poverty.
Yes, the PH really don’t know what they’re doing. No wonder they’ve been left behind
In truth, no. The problem is simple. It is not technology. It is not people’s ability and talent. The main problem right now is attitude towards productivity. And unless that changes it wont be able to compete with its neighbors
You would be like that too if you had to work 12 hour days including Saturdays for jack squat.
It's the electricity cost that hinders not only local businesses but also foreign investors to venture on manufacturing. There were lots of factories before than now due to increasing expenses and fast technological improvements in the country esp in telecomms, which led the service industry to skyrocket leaving the manufacturing on low demand.
The comparison of PH economy to Singapore's economic path lack context. Singapore's economy today may be composed largely of its services sector just like the PH but it is their manufacturing industry that gave them the boost in the early stages of their economic development and progress. Their economy, in its early stages, focused on being export-driven through their manufacturing industries, one of the first few countries to do this when import substitution was the trend for most nations. That gave them an early advantage in economic development because as the rest of the world realized that export-driven manufacturing is key to propelling a nation's economy, Singapore has already been at it for decades. After a country's manufacturing industry is well established, it gives rise to a middle-class population that fuels the service economy, that's why normally, the service sector overtakes manufacturing industry as a country progresses. The PH never really was able to fully and highly develop its manufacturing industry before the services industry took over the bigger part of the economy, mainly because not enough investment was poured into it by the government and also because cronyism and corruption (which is a deterrent for competition and foreign investment) became rampant in the country. The PH also was able to grow its middle-class, that largely fuels domestic consumption and the service sector today, partly due to it exporting labor because of lack of high-quality, high-paying jobs in the country (another effect of underinvesting in the manufacturing industry). If the PH really wants to follow Singapore's footsteps, we need to learn and look at their economic history and not how their economy is today because frankly, Singapore and PH is at different levels of economic development and has different economic context.
The PH could have been great, its people are hardworking, but they keep voting for the corrupt leaders...they deserve what they get, until they learn that they are all taken for a ride by the politicans that live like billionairs while their constituent live in poverty.
Same thing with India
No, high electricity and labor unions alone will detract investors.
And corruption.
Of course possible just only need in investor company.. we all know Filipino workers can produce quality output. And it will create plenty jobs .. especially if you put this future factory in Province of la Union and Pangasinan.
Not with those typhoons and monsoons. Natural disaster is one of the deciding factor for investors to set up factory.
It would not significantly impact investment due to signficant infrastructure present in Manila and other urbanized cities. As long as they stick to such areas which are more resilient and less disaster prone, the will come; just not everywhere in the country.
@@RatedR03 But how far are the ‘less-disaster-prone’ area and their distance to the best logistic infrastructure for them to attract investment? Singapore is able to attract loads of investments due to their strategic port and ease of freight movement because the island is just that small, everything is ‘near’. Plus manufacturing industry is energy intensive, so they need the cheapest and reliable electricity.
Political stability and infrastructure are key, after the unstable 6 years of the strong man Duterte (who loudmouthed everyone that does not agree with him) and another 6 years of the son of a dictator, who is now playing with China.
We will age another 6 years before we see some change for the good. 6 years was wasted another 6 years will be wasted, our children will be in midlife before they see a change for the better, we all hope.
You are wrong, natural disasters are nothing for foreign investors, natural calamities are universal its mother nature, Look, even USA, France, Japan, China, Italy etc are hit by natural calamities yearly such as Hurricane, Typhoons, Earthquakes, Tornadoes, Heavy Flood, Snow Storms etc..and yet those countries attract foreign investors, right? So Philippines will attract more foreign investors because Philippines have highly educated & skilled people & strong young people work force , and good geographical strategically location because Philippines is at the heart of South East Asia. Fyi many many Big Multinational Companies & industries from around the world are already invested in the Philippines and Philippines continiously attract more foreign investors to invest in the country.
PH could be a manufacturing giant. Even if current PH manufactured goods cater mostly to local demand, at least Filipino workers are being hired. With automation and quality products, this picture could change. Local labor costs are still competitive compared to the other Asian tigers and industrialized countries. Moreover , there is the young and educated PH labor force. Another plus for PH are the abundant natural resources from copper, nickel, cobalt , iron, etc. which are needed in electric cars, electronics, medical and industrial products. With these metals and raw materials, foreign firms could just manufacture there products right there in PH rather than transport them to other countries.
The PH government should continue to open more Economic Zones that offer tax incentives and 100% equity for foreign firms. It should also encourage the manufacture of high value or finished products, rather than the export of raw materials or unfinished products. One way is to levy higher taxes in the export of raw materials.
well it all depends on the prerequisites like power requirements. its very inconvenient for industries to constantly maintain their broken machineries due to power shortages and constant blackouts. In china industries are sustained by the many varieties of power plants like the WTE's that are sprouting like mushrooms across its provinces for its sustainability and its ability to create not only power but also industrial by-products. In Philippines its very unlikely with the clean air act and laws that are forbidding such developments.
I have a very, very different take on the Phillipines. I'm in the process of starting an electronics factory there. Most of my work is custom electronics products for industrial purposes. There is money in those types of products. They are specialized. So I have the edge there.
The value I see there is that the Filipinos are just wonderful people. So friendly peaceful, and co-operative. I was there in November and I employed 2 guys. It was such a pleasure to work with them. There are plenty of skilled people there needing work but there is not enough work to go round. So the employers take advantage, work them 12 hour days including Saturdays and pay them jack squat.
Most families with skilled parents that would be comfortable in the west cannot make ends meet in the Philippines. Even when living in poor areas. Its so bad that a huge number of them go abroad and work as maids and so on in rich countries. Husbands and wives have to separate and sometimes don't see each other for years. Its tragic.
In time, I want to develop AI technology to multiply a worker's productivity. That way the person can earn more and live a good life. That will compete with other countries. One day that might not be so but today companies in the east just "use cheap labour". Its about a buck at the end of the day and if a person comes cheap then there's no motive to go really high-tech. I think i will have the edge there also.
My model will have to be proven but if it works and the government gets involved, then yes, the Philippines could become a powerhouse. Ahead of the world.
As it is now, Filipinos don't have much hope. They don't benefit from the American and Japanese exploitation machine. Its no wonder that they have a laid-back attitude to life. There is no life.
I hope i can change that. Even if its just within 1 company.
Your a fool to invest in the Philippines, its the most corrupt country in Asia, even the workers are thieves they will set you up, your taking a big risk with your money and life, how many expats been killed because of set ups by Filipinos or Filipina girlfriend or wife.
To be a manufacturing country, the people need to be hard work . Philipino people still prefer sitting on a jeepney and tricycle instead of riding bicycle or motorbike let someone else to do all the hard work and they pay for it. The business close on Sunday to go to church. Secondly , many overweight people in the philipine, company going to tell them working in the factory for 12 hours standing all day? No way.
yeah, we must never be as lazy as the Europeans
Manufacturing Nickel made Batteries for Electric Vehicles
Dpt cguro hnd n ntn epa xport ung nickel ntn.. Ung mga kumpanya na gsto ang nickel ntn. Dpt dto cla mg tayo ng factory.. Pwd kya ung ganun
@@viviananor8098 yan ang dapat maisip ng gobyerno natin dapat maging self sufficient ang Pinas
Wala ng mining. Gutay-gutay na nga mga bundok at environment natin e kakalkalin na naman dahil sa nickel kaya konting ulan na ay baha na agad. ang liit na nga ng lupa natin kakalkalin pa.
@@juandelacruz3134 not to mention our population growth. Even in lockdown it still rose up. Overcrowding is ugly especially for a small nation. Meaning more consumption, less job availability and more deforestation. ALSO POLLUTION. Why is no one talking about this?
First we must develop our electricity production and distribution to make electricity cheaper, with cheaper electricity we can make our own processing plants to process our own mined nickels, and water treatment plants beside mining operations to reduce pollution from mining can be operated more cheaply with cheaper electricity, to make our nickel and copper products more competitive...
It’s definitely on the hands of the business owners. On how they’re going to handle their resources prior to the needs of their clients/customers. Also Philippines has a lot of available workforces that can immediately start with proper trainings and seminars. Philippines can definitely be a powerhouse on the manufacturing industry 💪🏻
The problems is restrictive corporate and investment laws natin. And the cost of electricity natin. . . Tapos union problems at Sana Naman matutu na MGA tao. . . Corruption pa. . . Wala talaga investors na matutuwa.
@@leonortenorio6604 true
@@leonortenorio6604 what do you mean po by union problems? And is it possible po ba na maging less restrictive ang investments laws natin?
@@James-gn6ig union problems. . sometimes labor union problems become hindrance economy... some of the labor leaders take advantaged the situation of the laborer. . . in the past many of company had been shot down bec of labor problems. . . if laborer don't want company policy just resigned find another job.. don't drag other to join with you. . . MGA laborer dapat isipin nila Yun MGA pamilya nila at Hindi basta nagpapadals sa mGA leaders. . . contractual union bastings Yan ang sulution Ng MGA company to avoid union... once the company have a labor union for sure Meron na problema. . ang MGA union leaders Meron din Naman personal agenda mga Yan. Kung wala silang mapapala iniwan nila MGA laborer sa ere. . Kung gusto umunlad magtrabaho Ng maayos. .
Not in your lifetime, Philippines main export is slave labor, no job skills, poorly educated people where everyon graduates from college, no one left behind, fly by night, pay as you go.
I think Philippines could become powerful country if they manage everything well.
All countries also
They need to step up their educational system first,
Great video as always Sir.
Like you ,we also help people.
We are a property management ,we help real estate investors to multiply their properties in Metro Manila and Cavite.
Given its current heading and future plans? I doubt it, the focus on its service and IT industry combined with extreme inefficiencies in its businesses due to poor infrastructure and poor electric grid hampers it from taking any advantage of any emerging manufacturing industry
Yes...we have the most skilled Enginners and skilled technicians that are running the manufacturing plants across the globe...
If some other countries can do it...so philippines can do it also...God Bless Philippines...
With a lot of limitations on foreign investments, NO!
Maybe when they get their heads out of their collective asses and finally open up their economy.
It will be hard... we only have few low base manufacturing, and even fewer for high valued ones. BPO is PH's saving grace.
We in the philippines have a long way to go for that dream to happen but maybe because of better investments it might happen sooner or later.
Philippines is already taken over by Thailand, Vietnam, Malaysia, and Indonesia in manufacturing. Most of the food and other products here in US were manufactured from those countries (besides China, Japan, and Korea). I don't think Philippines will ever be a major manufacturing player considering its inadequate building infrastructures to manufacture goods, frequent blackouts, susceptibility to typhoons, and many restricted policies to non-local businesses and investors....
Philippines was a manufacturing countries, American, Chinese and Japanese Companies were all there on 1970s and 1980s then 90% them moved to neighboring Asean Countries such as Singapore, Vietnam Thailand Indonesia and Malaysia.
These companies were there first in Philippines namely, Ford Company, Toyota, Nissan, Mitsubishi, Sony, Levi's, Rubber world, Toshiba, Firestone, Caltex, etc...
They moved out from the Philippines because every Filipinos are Well Educated, Well informed about INTERNATIONAL & NATIONAL LABOR LAWS, ... Filipino Employee were always asking their Rights as Employees that must be Recognized by the Employers..... employees were always on Strikes and Rallys against their employers during that time and it Was the reason why investors decided to moved out their investments in the Philippines. Fighting in court between Employers and employees were seen everywhere in the country.
@@lunar-e.6620 and now phillipines try to attract the companies they used to get rid of :))??
where you think most of their raw materials came from? Anyway that is what our new government addresses beacuse we sell them our raw materials which gives us less profit and that is one of the new government agenda is to have our own manufacturing industries.
Duterte admin ay walang magawang maganda sa economy Ng pilipinas. . Nalubog sa utang dahil sa curroption. . From 39% up to 63% against GDP. Ang utang pinas ngayon. . . Ang Build build build nya ay project ni pinoy na ppp. Public private partnership na itinuloy nya. . . 10% govt money and rest investors money. . . Ang project Ng duterte admin ay ang china project at loan sa china. 1,1billions loan sa china. .
@@leonortenorio6604 The DUTERTE ADMIN continue the BLUE PRINT OF LATE PRESIDENT MARCOS sinabi nya mismo yan na BLUE PRINT NI LATE PRESIDENT MARCOS ang kinocontinue nya dahil nakita nya na maganda ang project ni late president marcos hindi galing kay NOYNOY ABNOY YUN! nyahahahh!! Puryagaba atong opawa to.. 😂😂
The Philippines is notorious for its higher energy cost, in order to increase manufacturing sectors they should focus on key factors such as lowering their electricity prices, currently, it is still among the highest in Southeast Asia. Second, build better infrastructures such as ports and roadways that ease connectivity between their main islands, and forget focusing on fancy buildings in metro manila just to beautify the city center. The third one, is a good balance between labor cost, taxes, land rental and bureaucracy ( unclear and weak policy on these subjects will surely drive investors away ).
They must decrease the salaries, open the market to foreigners, and eliminate bureaucracy completely since nobody benefits from it.
There's an incalculable prob with Pinoys as most are happy-go-lucky.
Those who are masinops can go nearer to wealth acquisition but i think these could be explained in Rizal's The Indolence of the F...
Habitial & pretensious spending is inevitable among us, like being One-day millionaires but if Personal Finance planning aside from gambling sidebars are inculcated among our youth, the road to wealth is just over the bakod. Yes, Pinoys can (conditionally)
MAYBE.... If the government make the electricity price lower, same as other SouthEast Asian neighbors :D
Enjoyed this comedy. Now can you do a video about ice sculptures in somalia.
We have a lot of Semiconductor Industries in the Philippines, ON Semi, Nexperia (formerly Phillips and NXP),
It’s too early to speculate. Our president is busy inviting foreign investors to our country. Hope and pray they might consider the Philippines for their manufactures. Our country is a manufacturer of shoes in Marikina.Also there was a jeepney manufacturer before but I don’t know what happened to it. Who knows in the long run, somebody is willing to invest in our country.
Don’t underestimate the Philippines because we have lots of college graduates that the businesses can utilize for production.
Apparently, we are indeed already manufacturing industry. That is to say we are manufacturing human talents geared towards as exports to be of service of developed countries
Yes, The Philippines can! Infact, The Philippines is one of the top semiconductor chip producers in the world, Philippines is manufacturing world class liquor, beer, can goods, clothes & apparel, electrical & electronics products,, machineries, furnitures, etc.. and those are export around the globe.
surely it will change if they increase the salary of the manufacturing workers,nowadays most manufacturing workers are applying to abroad due to low salary of manufacturing workers here.
Yes, if ports and power plants are built and foreigners are allowed to invest without much hassle or borders. Otherwise, no.
We rely too much on our bpo and ofw remittances we should focus more on are exports manufacturing and industries to be like south korea or Japan
Watch out 4 the gold standard
🇵🇭🇵🇭🇵🇭
As long as there are corruptions in the Philippines Governments officials that will be just a dream...remove the corruptions and remove the crab mentality on peoples mind Philippines would be on the way to fulfill it's dreams...
Government must address high electricity cost to attract manufacturing investors.
In technical works 🇵🇭 pinoy good skilled electrical mechanical fabrication machinish🇵🇭
With the price of your electricity and expensive minimum salary compared to your neighbors?
Philippines can concentrate on BPO Tourism and Agriculture./rice coffee etc....and some areas of manufacturing were we have raw materials and domestic demand..
Its time to revive and put the Bataan Nuke power plant for energy consumption.to bring down the cost of electricity
Before we achieve that goal of being a manufacturing powerhouse, we must first address two key issues. POWER and MANPOWER. A sustainable and affordable source of energy is needed in order for us to sustain that growth momentum. Our government knows this and there are plans already lined up. One of this is the revival of our sole Nuclear plant. A Korean firm submitted proposals and are now being studied. President Marcos is also interested in putting up conventional and unconventional sources of energy all throughout our country. As I'm told by someone who works for an energy firm, German and American companies are interested and are willing to invest. The second issue is manpower. We have to retrain our workers so we could fulfill the manpower requirements of this industries. Our government should focus on math and science because we lack the engineers to fill the gaps in our industries. Most of the young people I talk to don't want to go in this field coz of one reason: MATH. Thats why we should start educating them from the grassroots level to prepare them for tackling STEM related courses. If we do all this, I'll bet my bottom dollar that we will be able to accomplish our goal which is to become a manufacturing powerhouse.
A good possibility. But we need power or electricity to power factories , without sacrificing the public needs of power. We need nuclear power like Japan, China, Canada, Europe and more. We need peace and order to attract foreign investors
Hopefully
Lower the CIT corporate income tax to 17% to promote competition , lower electricity by allowing foreign direct investors to compete in generation, transmission and distribution, shift to federal parliamentary open fdi system na para mabilis action harap harapan ang admin at shadow government for strong check and balance and verdict agad.
I did several studies to move some of our mfg operations in northern Philippines labor cost is competitive but not utility and infrastructure.
Philippines' big advantage to the manufacturing sector is its people resources and fairly high interest in education. No doubt it could be a manufacturing powerhouse. Drawbacks preventing it - as others have said in the comments - are unreliability and high cost of electrical power, Government policies regarding investment and corporate ownership by foreign entities, to some degree corruption and inconsistency in how regulations are enforced, and from what I can see a lack of investment incentives to attract manufacturing-centric business. As an example, if you review the annual Government statistics on exports by value, manufactured products in general don't make it to the top of the list. I believe 'electronics' is fairly high on the list, but dwarfed by agricultural exports like coconut products, and minerals. There is a lot of clothing made in Philippines, but the garment industry is way down the list of exports.
If the Government would open up the electrical generation and distribution sector to international investment, I believe the problems with the electrical grid could be largely solved in a fairly short period of time within higher population areas. That would improve conditions for manufacturing investment. Other infrastructure development - such as transportation - is already taking place.
Oh yes if only government and.politicians to look at Foreign direct investment as the main source of engine of economic growth and put the resources more in research and development and provide financial asisstance to local start up companies.
Yes ! I would say because if China tumble we are a candidate provided that our energy is handled by the goverment specially electricity due to our very good geographical location , the good people we have and good governance
Philippines needs to lower electricity cost and cut red tape. One way is to use SEZ, preferably in Batangas city to ease overcrowding in Manila
CORRUPTION is the main culprit, even if big companies invest there, the corrupt officals will extort money which will drive away foreign investment.
Philippines finance secretary said foreign direct investment increased by 52.4% but that only translates to USD10.52 billion in 2021 for a nation of about 100 million . With such small investments how to be a manufacturing hub? Right now Philippines is running on trade deficit .
At least way better than previous admins
its a miracle if it happen
2030 The Philippines will be produce more products for exports. with new Economic Zone, in different locations.
This channel is almost always featuring the aphilippines.Bangladesh is the new manufacturing powerhouse. Vietnam has gone ahead.. Many MNCs that left Chona went to these countries.. The channel should be renamed Behind Philippines
Philippines needs nuclear energy to supplement its rising energy costs, and becausd of that factories don't need to rely on gas and oil fired powerplants to power the machinery
The philippines did it before. Pre colonial, colonial and post colonial and still today remain stable, firm and strong even crisis hit the country.
The philippines can do it better.
The Philippines need manufacturing but it needs the government to invest massive amounts in food and energy for cheap energy and curb inflation as well as bridges to connect the islands electricity is very expensive and wage rate cannot compete if food and housing as well as transportation is expensive this problem belongs to the government to push for more energy and food infrastructure spending since the time of cold war era political economy research studies until today's modern world still food and energy are the Philippines basic problem
I just checked via investagram... IMI earnings(last 4 reports) are negative.
While narrating the video you should use numerical figure for money in dollars instead of local currency. 🙏
Yes
IF WE CAN ONLY EXTRACT THOSE DEUTERIUM FROM THE SEA BED AND LOWER OUR ELECTRICITY COST THATS THE KEY TO BE A MANUFACTURING POWERHOUSE ON ASIA.BUT WITH A HIGHER POWER COST IT WILL NEVER BE DONE.
Philippines products are as good as American made,and better price,great Rusi motorcycles!
The Philippines lack behind the other ASEAN countries in infrastructure.
No modern highways between north and south, East and West. No railways also.
No nationwide network of communication, internet in rural areas.
No clean water supply nationwide. No availability of reliable supply of electricity nationwide. No large ports or shipping routes to most provincial areas.
These shortcomings has to be addressed before Philippines can start to compete with other ASEAN countries like Thailand or Malaysia.
The problem for Philippines is it is made up of Islands and mostly mountainous.
The advantages for Philippines is its large and industrious population.
The best thing we can do is to get China to help build up our infrastructure first.
That alone would supercharge our tourism income which has the greatest potential for growth.
Here in batangas it has many manufacturing companies some times its not ok, the smog is going in my province.
Need better infrastructure first though.
Chicken/egg conundrum!
yeah, we'll need the ones similar to the US
Philippines needs to do what exactly USA did from 50s to 90s which is to build even more roads. There should be an act that will allow even more roads and more rails as a bonus and supplement to decrease the threat of ROW and NIMBY people. These roads are essential for our increasing population, growing economy, and national security.
Go 100 km away from metro manila, and it looks the same 50 years ago.....
How can we do it without investors. . . If govt continued getting loan Philippines will be bankrupt. 2014-2017 Philippines debt is 39% against GDP. Now in duterte admin Philippines debt 63% against GDP as of march 2022. BBM need to loan again 1.5billion dollars for 2023. . . budget. . . Philippines debt 229billions dollars. Philippines reserved before duterte admin 109billions dollars now 107 billions dollars. Philippines gold reserved 200 metric tonnes. Now 158metric tones in world Bank data. . . Durterte admin waste a lots of money. Many of those projects are ppp. Public private partnership. . . Only 10% are govt and rest investors money. . . As of now we don't need like marcoleta interventions in business sectors. It is not good for images of Philippines. . We need investors. . .
The Philippines was a manufacturing powerhouse...and also a labor union powerh ouse...
You know whats the difference between China and PH? The method of manufacturing, China=relies on Machinery, while PH= More of Handmade products; a personal touch and a sense of individuality that machine-made items may lack.
Philippines has the potential to be a manufacturing hub of electronics
The Philippines can become a Manufacturing Power House but first, they have to eliminate corruption in the country, it is corruption that makes the Filipino people poor and crooked politicians want the poor to remain poor and uneducated so they can control them and get votes to remain in power. It is hard but not impossible.
In the 60s Philippines was on par with Japan, in the 80s Philippines was better than Korea, I know, I lived in Korea for a year as USAF airman. In 40 years Philippines turned from one of the richest in Asia to one of the poorest. Why, when your sons and daughters, almost all educated in the Philippines our doing just fine overseas? Here in the US Filipinos is one who has the highest buying power among Asians, 3rd only to China and India. I think I know why, because the majority of Filipinos are corrupt. If it's not true, why will you elect a president who has no knowledge in running a country, no accomplishment, really nothing to show for except embarrassments for all Filipinos overseas.
hammar......nail.......dead center on the head.
I dont think so??...coz just a problem with the commodities,,the government cannot cope up with....many filipinos have no work,,so they prefer to work abroad...
Philippines has gone from agriculture to service economy. Large companies will never invest in manufacturing here in the Philippines because of the high cost of electricity. Most manufactured items here are for domestic consumption and not for exports. Unless electricity cost goes down and infrastructure is improved we will never compete with Vietnam, Indonesia, Thailand and Malaysia.
Philippines never compete? You made me laughed! In your dreams!..hahaha! fyi, Philippines is one of the Top semi conductors chip producers in the world, and export world class electronics & electrical products in the world, and Philippines world famous beer San Miguel Beer is exporting in 60 countries worldwide including in US Japan, South,Korea, UAE, Australia etc.. Philippines are export many many world class products around the world that is why Philippines was included in (NIC) - Newly Industrialized Countries, You just make some reseach first before you comment not only blah, blah ok?
@@jarland7166 it was better before... so many already left.. example is INTEL. So sad...
@@ninow5 Philippine govt now open more doors to foreign intel/ telco investors so soon Philippines is become at par in the best of the world in that field because before Philippines is very protectionist in our big industries such as intel or telco, so many foreign investors in that area are not coming in because of protectionism of Philippines, but now philippine govt open its more doors to telco/ intel foreign investors i think the Starlink one of the Big foreign multi telco/ intel industry is start invest in Philippines.
Impossible, as long as electricity remains very high among the most expensive in Asia and the world, red tape in acquiring business permits, poor infrastructure of transportation of goods due to heavy traffic, rampant corruption etc. It’s a No.
As long as there are Labor Union in Manufacturing. There will be more. companies will close.
If Philippines wants to be greater than Singapore, Malaysia, and Indonesia, they need to bring back their people working abroad first.
I heard many of their brains leave the country for better living..
If not, one country after another will surely pass them, Vietnam is now ahead of them..
developed first the energy industry to sustain stable power
Sorry Vietnam is the new power house they have apple...
First thing that the Philippine can do to become a powerhouse is securing cheap electricity. And a nuclear powerplant is the key.
The Philippines needs to build a lot of power plants or even go nuclear to become a manufacturing powerhouse
Maybe
Fun fact
In ph
There are more women working in the s3x industry than there are total manufacturing jobs