27 BILLION SUBSIDY FOR JEEPNEY PHASE OUT

Trade and Industry Trade and Investments Secretary Ramon  Lopez

The subsidy funding of 27 Billion pesos for the Jeepney phase out that had qualified Toyota and Mitsubishi car manufacturers from Japan is not good news by thinking deeper.

When the funding of such a monumental amount will involve the name of replacing the iconic jeepney in the country, it would instill national pride. Thus the titles of Toyota and Mitsubishi as Japanese car makers will not dignify solidly the Jeepney's status symbol for the country. Such great respect will come if we have the national brand of car maker initialized  due it that will help the economy of the country bringing more that pride.

Then-mayor of Solo Joko Widodo poses with a locally made Esemka car in this February 25, 2012 

The example of Indonesia that had made its own car is a case for study in the Philippines. They made their own car to liberate themselves from importations of Japanese cars over the years, the same that we should develop such thinking of protecting our industry and economy by instituting car industry in the country.

The funding and subsidy amount of 27 billion pesos is more than enough to accelerate ourselves into a car making status. Awarding the manufacturing to Toyota and Mitsubishi will forever make us consumers of the Japanese draining our dear foreign reserves.

The Inquirer article on the subsidy of 27 billion by the governemnt

Why not turn the subsidized amount into a whole car plant onshore in the country? The accomplishment of Indonesia cannot  give us any negative answers anymore. 

Indonesia has already accomplished car manufacturing way back year 2000's, and we are letting them overtake us in industrialization.