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.