Japanese Bizniz!

Gov't should invite Japan 

firms to relocate here- Ty

       By JESS DIAZ

The Phillipine Star Thursday, March 17, 2011

A party-list representative urged the Aquino administration

yesterday to invite  disaster-stricken Japanese companies to

relocate their facilities here.

"Many Japanese multinational firms that make cars and 

electronic products already operate here. We should persuade

them to expand their manufacturing activities here," Rep. Arnel

Ty of the party-list group LPG Marketers Association said.

The temporary or permanent relocation here of these companies' 

operations would enable them to restore their production for the 

global market, while providing badly needed jobs to thousands of 

Filipinos who remain jobless, he said.

The National Statistics Office earlier reported that the more than

10 million able-bodied Filipinos are now either totally without jobs

(2.91 million), or underemployed and desperately looking for more

work (7.1 million).

Large Japanese manufacturers such Sony Corp., Toyota Motor Corp., 

Honda Motor Corp., Nissan Motor Corp., Toshiba Corp., and Canon Inc.

have closed many plants throughout Japan, which is reeling from the

devastation caused  by the massive March 11 earthquake and tsunami.

Many parts of Japan also continue to stagger from three-hour daily

rotating brownouts, with the continued shutdown of a number of nuclear 

power plants.

Up to one-third of Japan's electricity is generated by nuclear power plants,

some of which have been severely damaged and have pushed Japan on

the brink of a nuclear catastrophe.

Citing Securities and Exchange Commission data, Ty said a total of 110

Japanese firms are among the 1,000 largest corporations in the Philippines

in terms of annual gross revenues. 

REACTION

"Many Japanese multinational firms that make cars and electronic products already operate here. We should persuade them to expand their manufacturing activities here." This statement that was said by Rep. Arnel Ty of the party-list group LPG Marketers Association would strongly describe how an economy, whether how rich or how poor it may be, could be moved because of a certain calamity. Even though Japan, as observed by many, is prepared by any massive calamity that would strike them, I could still say that an economy could be still damaged especially by any natural calamities just like the March 11 earthquake and tsunami that had struck Japan.

Personally I agree with Rep. Tan’s statement that Japan would invest and put up business firms in our country since many of large companies were closed due to the shutting down of a number of nuclear power plants which is the somehow the source of their electric energy. If Japan would put up business firms in our country, there could be a possibility that they could recover their losses of capitals and investments; not only these, they could also help many Filipino people who remain jobless.

Japanese business men could temporarily locate their corporations in our place so that somehow they could cope up on what the calamity had negatively brought them. I also agree that building permanently their business in our country could also contribute more to their business firms since there are also many Filipinos who patronize their products such as cars and cameras. I also believe it would also help our country boost its economic stability since other countries would hear that Japan, a country know of its economic strength and technological influence, would make business and place more large multinational companies in the Philippines. Because of Japan’s permanent or assumingly temporary relocation of business firms in our country, many Filipinos would be thankful to them since many jobs could be opened.

Therefore, if I were Japanese, I would choose to place companies in the Philippines. As a businessman, it would help my company to gain the losses that I had and I could certainly give jobs to Filipinos. In addition, because of my investments, I could help the Philippines boost their economic stability by also inviting business firms from other countries.

                             

Economic Cancer

ARTICLE

Decision on Metro Manila wage hike out soon

abs-cbnNEWS.com | 04/05/2011 9:55 PM

Source URL: http://www.abs-cbnnews.com/nation/metro-manila/04/05/11/decision-metro-manila-wage-hike-out-soon

MANILA, Philippines – Workers in Metro Manila will know on or before May 1 if they will get a wage increase, Labor Secretary Rosalinda Baldoz said on Tuesday.

Speaking to ANC, Baldoz said the new figures on inflation will be one of the factors to consider before the regional wage board convenes and issues a decision.

She also said that more than 1,000 repatriated overseas Filipino workers (OFWs) from Libya have secured jobs in other countries.

Baldoz, however, said there are still jobs in the Philippines for OFWs who decide to remain in the country.

“We are talking about more than 3,000 OFWs out of total of 8,000 deployed by recruitment agencies who have job orders outside libya,” she said.

“We have 1,200 on the table for processing and for redeployment, the rest we still qualify them for other jobs. We expect them, those who desire to stay here they can, [to find jobs]. We have a mining industry that needs engineers,” Baldoz added.

 REACTION

Truly, everything is connected in the economy! Products, jobs, wages and even life could be affected by any change in the economic flow. It is not just all about money, money, money! But most importantly how money could affect lives most importantly people who are under the pressure of having jobs.

The article above (especially the first line) demonstrates how people, more importantly, the workers need money. For me, it could be interpreted in two ways: First, the statement “Workers in Metro Manila will know on or before May 1 if they will get a wage increase…” would somehow arouse the spirit of despair or shall I say hopelessness for the workers that on the Labor Day, a day to give gratitude to our workers, there ‘could’ be no increase on wages. What if there is no still news before May 1 or the day itself? Will there still be a hope for the workers that the government would grant the increase of wages on the coming days? The second idea for the statement is giving the workers the virtue of patience, faith and even the financial security that on their very day (Labor Day) or before, there would be an announcement that wages would be increased. If this would happen, the workers would somehow enjoy financial security.

Furthermore, this statement awakens the society, the ‘world’ of labor or shall I say the whole economy that because of the uncontrollable increase of prices, especially the important commodities, inflation would take place in the economy. When prices increase, the demands increase, production of goods and services would increase, wages would increase, and if these would happen, there is a tendency that businesses and companies would terminate workers or their employees due to the increase of the demand of wages of the workers since all prices are rising. Higher demand for wages could be asked to balance and sustain the need of the workers to cope up with the increase of the prices of the products.

The article also shows how hard it is to work abroad or to be an OFW (Oversees Filipino Worker). The war in Libya had caused many Filipinos to come back in the country and because of that many had left their jobs. On the other hand it is still relieving to know that more than 1,000 Filipinos had secured work in other countries. Because of what happened in Libya, the rage of the citizens against the government, the whole world was affected because they are also a big source of our products like the oil. Prices had been increasing because of this conflict, that is why inflation had taken place in our country and I believe for other places as well.

How frustrating it is to think deeply of our economy’s status. A single change would be a change for all may it be in the positive or negative aspect. An economic problem such as the word “inflation” is like the disease of cancer. Slowly it eats up your cells killing you every single day. Increase of prices and demands slowly puts away the healthy parts of an economy which is balance or equality. It may not be seen but its pain could be felt at the highest stage. If I am the economy right now who is experiencing inflation, waiting for wage increase grants and other related economic problems, I would definitely shout at the top of my lungs so as to let all the burdens go and to be heard by the humanity.