THE JEEPNEY MODERNIZATION AND CAR MANUFACTURING

In the headlines, the jeepney modernization program will kickstart by next week, the entry of the year 2018.

An by this rule, the government will now implement the modernization of this type of mass transport system.

The only thing that Super Plipinas is trying to impart the idea of car manufacturing is because the jeepney modernization is just apropos to the condition of this matter.

Timely that the government should make use of the program to initiate our car manufacturing in the country just like Vietnam is now in the verge of starting its own car manufacturing, solidly Vietnamese.

This concern is very important to our economy, as the expense of the government regarding procuring the needed vehicles that will originate offshore like Mitsubishi and Isuzu brands will mean  the exodus of our dollar reserves in the treasury.

As we have a very small export volumes, and the importation levels exceeds exports, the matter becomes difficult for the country to attain the needed economic recovery of the country.

Our BOPs, to serve our foreign debt obligations has already skyrocketed because of the falling value of the Peso. That if by the entry of the jeepney modernization, deemed as another expense of our dollar, will mean a further

decline to our economy.

In view, once the  modernization has taken place, there is not much change or contribution to return our foreign reserves to the original levels, likewise, the situation will become stucked being low and depleted reserves.

The amount of  initial outlay of the government of about 27 billion pesos as reported is big enough to kickstart capitalization of the car industry we dreamed of, and for the next more years ot its implementation, the 300 billion pesos of its cost/amortizations is more than enough to make a statement of investment for our local car manufacturing.

The transfer of technology is not a problem either. By simple arrangement with a foreign car maker, technology can be acquired in that scheme as achieved by China seen in the past years. Moreso, the initiation of Vietnam for its own car industry is a thing that must keep us at race with our neighbors in the region to attend to our own car manufacturing.

Why don't want to engage in Car manufacturing is a wonder to me. Our continued refusal on the industry is already appalling to think of. Our refusal is a denial for the industrialization of our own economy which is the norm of the game today.

I hope our leaders will find the idea of car manufacturing very important to today's trade war.

IMPACT OF THE AUTOMOBILE ON THE ECONOMY

Automobile industry has great impact to an economy, whether  to like or not, car industry makes the economy of a nation. The United States, Japan, Korea, United Kingdom, France, Italy, Sweden and Germany, are among nations that have harvest the positive impact of car industry to their economy, that without it, there can be no economic power by this means.

"Motor vehicle exports are essential to maintaining the balance of international trade. The automotive industry has become a vital element in the economy of industrialized nations: motor vehicle production and sales are one of the major indicators of the status of the economy in those countries. The effect of motor vehicle manufacturing on other industries is very considerable as well. Almost one-fifth of US steel production and nearly three-fifths of its rubber output go to the automotive industry, which is also the largest single consumer of machine tools. Moreover, the special requirements of automotive mass production have had a big influence on the design and development of highly specialized machine tools and have encouraged technological advances in petroleum refining, steel making, paint and plate-glass manufacturing, and other industrial processes."

SOURCE

In the Philippines, the car industry is just being shunned away to  become a major industry that would impact the economy greatly. This car manufacturing  will spur trade and commerce in the country, a generator of an economy that must be understood by our leaders.

Vietnam is already initiating its own car industry, that in next year or so, they will be producing their own cars and trucks, and eventually save foreign reserves in that sense.

In our setting, the jeepney modernization program is the most and apropos of the situation with  regard to this industry. Instead of sourcing new and modern jeepneys for our mass transport system, we should initiate now our own car industry for this requirement int he jeepney modernization. If by the cause of of this jeepney program of the government, this industry should now fly.

In conclusion, unless we initiate our car industry, and in the spirit of the jeepney program today, our economy will not get better, and the expense it will cause to the US dollar reserve, further inflation and depletion of this precious reserve may then result bad for the economy.

IMPACT OF THE AUTOMOBILE ON THE ECONOMY

THE ONE BELT ONE ROAD OF CHINA

The One Belt, One Road (OBOR) of China is a conception aim to make her gain more trade all over in its peripheral regions, and may take more of the markets of the little and powerless of course, that in plain sight will  defeat weaker/smaller economies and dominate them by the use of trade. 

We cannot set aside the  idea that China, before selling this concept to others about OBOR, had already carefully thought of the gains and advantage it may  reap once the system goes into action. This is what she is doing right now, to make the systems running by advancing investments, pouring in bank loans for countries that might benefit the idea.

Will trade flow favorably to smaller economies in OBOR?, that they will earn from it, or just the system will make China be granted access in their areas other than their goods enter China amid that condition.

First, her manufacturing base is massive than any other countries in the world. With her condition as the factory of the world, none can compete well with position and advantage of China, that any small countires like the Philippines cannot counter the massive trade that this country is doing, unless some measures of economic and manufacturing revolution in the country be taken seriously.  We'll have to be prepared of any eventualities that under our relationship with China, we can be a disadvantage in that situation.

For now, her relationship with Pakistan in lavishing her with billions of US dollars of loans and investmentsfor building their infrastructure to materialize OBOR and bilateral trade can be deceptive if such relationshi flourish mutually. The outcome could not be expected or depended to as true to its goal and objectives, as the question of good faith remains at the moment.

Sri Lanka falls into debt trap with its Hambantota Port falls as equity to its debt by the result of unpaid loans by the Sri Lankan government, that its land was eventually given to Chinese for rent to China for  99  years in an area of 15,000 acres of land displacing people and opportunities for their government. 

In Pakistan, there are indications that once things become in placed, China may shy buying Pakistan products at all, due to she is not capable to compete Chinese products by under this bilateral trade  relations, but surely,  Pakistan will be flooded with Chinese goods without force in the system, the other thing is that China will let a flow of Chinese businesses, investors to import their products, and by this means, China will flood the market of Pakistan by their own system. 

Other countries are slowly getting into  these debt traps, that sooner, Chinese interests  will become a dominant factor for governments meddling their political and economic affairs.

We should further study the OBOR of China, while in that process, we as Filipinos makes initiative in manufacturing and trade to sell our self-versions of one belt regarding the matter. In that case, we should envision winning, that our goal be  instead of buying on the one belt initiative, we must create our systems and poloicies that will address our economic future.

INFLATION CAN BE CONTROLLED

Talking about the inflation rate of the country is a reality where our future  for survivability as a nation becomes bleak under unfavorable figures of inflation. 

The most important and commonly used method to control inflation is monetary policy of the Central Bank. Most central banks use high interest rates as the traditional way to fight or prevent inflation. Bank rate policy is used as the main instrument of monetary control during the period of inflation - India infoline

The new TRAIN is a factor at this point, that while the noble objective is to gain more revenues for the government thru this tax measure, the condition of the current level of tax base and sources to produce  revenues for the government makes them unable to deliver and contain cost production results that may hurt consumers.That in spite of gaining more, it is expected that prices cannot be controlled going up,  thereby, inflation  becomes inevitable.


The US dollar rate is a moving factor for inflation. Under the situation of a low export and a higher import, will mean the rule of supply and demand  for currency exchanges.

To reverse inflation, we must encourage larger exports than imports as means to 

The economic situation of the country is expected to remain therefor in a level where it is dependent on our sources of our export trade that uses the US dollar.

Manufacturing

Manufacturing should be strengthened to boost more product lines for export of the country as a leverage to balance the volatility of the dollar. This sector will counter the trade imbalance affecting our net exports that would result to controlling  exchange rates, and make stability that may further decline price goods.

Industrialization

Industrializing the economy will mean more manufacturing that will result to bigger exports. The effect of industrialization program will spur trade and commerce that will spread more of the tax base of the country  result to more government revenues. With increased tax base, there will be no need for further raised tax revisions and reforms.

Current INFLATION rate data

China launches world's largest amphibious aircraft with an eye on South China Sea

China is making bold accomplishments in its technology, and applying its resources with that combination, into building more of a modernized military with aims of leadership and dominance unmistakably.

The recent successful testing of its 37-meter (121-feet) long AG600 aircraft plane, codenamed "Kunlong," took off from the southern Chinese city of Zhuhai and flew for almost an hour on its maiden voyage.

That with such ability, there is no question that sooner, it will multiply production and make its military capable of defending its sovereignty, as well as make progress in its international military expansion, and create impact globally with economic and political influence by this might.

China took eight years building this plane though its state owned Industry Aviation Corporation.

In the same bearing that we'd like to issue our opinion regarding the new military craft of China in our domestic policies. The industrial prowess of this nation, by its savvy in technology bored fruit way back in the 1980's where they set their nation into industrial revolution of importing technology through partnerships.

With its cheap labor, foreign companies transferred to the mainland and set operations in agreement to share their technology with the Chinese. The result of the scheme has made them this very powerful in technology, industry, and trade with dominating the world, defeating everyone in its path.

If the Philippines could have only seen that system and methodology of China over the years and simply made the same strides with her, we could have become a powerful nation in that the same direction.

At a glance, we are not far from China in terms of labor cost that foreign investors seek as a factor. At 1.68 USD per hour, and China @ 1.60, there is no reason that FDIs will choose the country as its hub, but yet,  the question still remains why we are left in the selections of more than 500 CEO manufacturing firms  around the world to become their destination guide for investment in Asia.

Picture source

the article

THE POSSIBILITY UNDER CHINA

We need good and better service over our internet connections in the country that makes the reason why the President makes this move to invite China as the 3rd TELCO player in our broadband service under PLDT and Globe.

Assuming we need solution to the problem, it is not the reason to look out for external party in China and have that service provided here for faster internet connection, the other remedy is that to know what was the cause/reason of the slow internet in the country under the condition. A more comprehensive study on the problems and situation of the two current companies in the country that gives the service.

First of all, we might find that the real problems of the two running telcos are just simple things that the government should intervene, will likewise be the appropriate action necessary can be an easier and a better option rather going through with adopting a new carrier that will endanger security matters in the country.

If China can do this to its own people, and interestingly, they will more than do this to other foreign countries where they have the legal foothold like in our situation.

We will not be safe by the conditions of our vulnerability, and yet, we do not engage further in new technologies  to make and succeed by our own.

China is secretive, and with their hacking records internationally, we are a vulnerable target.

We don't spread fear-mongering, but reality and truth are there and proof before us that should undergo study of the matter.

Better be with ourselves and find solutions to technologies we need at the moment and let us stand by our own and triumph by our own. 

The social credit program by China is a thing that would spill in the country once their cryptic devises starts operation and nowhere that we can find that our strategic areas can be targeted.

Our online transactions will become at threat once they operate and serve from our government communications, banking, credit and other online methods that we rely in these systems.

We don't speculate but why is it we can't build our own product , but run to somebody else for begging and rely on them? Going to China is not the problem of our internet, but doing more of research should be the case.

If internet is the problem, China is the answer? Railway transport, China? Guns, bridges, etc.,etc.,.

Why can't we identify the problem and create solutions for it? We become parasites in this regard.

There is no word where there a problem in the PLDT side or Globe that must be intervened by the government through investments or assistance, that would make internet speeds at standard.  

If those submarine cables are affected that connects us to international communication, then a simple intervention by the government might be needed for will make it solve, but in so doing, there is no offer or moves on the part of anyone.



video source

VIETNAM CARS, TRUCKS AND MOTORCYCLES

The new information that Vietnam is now in the drawing boards of manufacturing its own brand of cars and motorcycles falls to be a daunting knowledge that such feat of the local Vietnamese firm to invest in this industry is staggering to the loss of the Philippines who is losing ranks in economy in the region, and by that respect, we honor more and welcome such loss by permitting ourselves not to enter in the industry and let our neighbors make and manufacture for their own their cars and trucks  as well a motorcycles is self-euthansia of our economy.

Instead of harboring the mind of economic conquers for the Philippines, we disallow ourselves to go and get other's economy by our production and manufacturing power in the region. Instead of thinking that we can conquer market shares in the Asean, we let our neighbors take the business and opportunities as well as transactions and earn profits by them. Soon, they will control our markets and vow to them of economic intervention.

Acutally, Vietnam has already dominated our rice  productions by conquering our rice market share. We heavily import rice from Vietnam. It means even in agriculture, we are already conquered and lost.

The Cars, trucks, and car making in Vietnam is a sign that their economy is flourishing, and naturally becoming a superpower in the region. While back in 1970, they were boat people in Palawan, refugees of their war, but now, we are the ones going to vow at them.

By this news piece, what are we going to do? I think the actions made by Vietnam should replicate in us, that we should use our crab mentality features into this that will kill competition among our neighbors.

Even in the subject of Jeepney modernization alone, we refuse to built them by our own brand name and let Isuzu and Mitsubishi do the production.

Our eternal admission that we don't have the technology is already overridden by Vietnam in this sense. That if Vietnam can do it, why not the Philippines where we've very ahead of them since time?

It's the government's job to convert the jeepney modernization program into a national brand of car for Filipinos, because if not, the iconic jeepney should give birth to our own car industry in the country, and not import new products from Vietnam next year.

VIETNAM WANTS TO MAKE ITS OWN CARS

PARTNESHIP IN JEEPNEY MANUFACTURING

The approaching deadline of the president for the phase out of the jeepney system in our streets is fast approaching in the year of 2018. Knowing that the riding public will benefit truely for the program, the government as a whole will earn conforming international standards and global respect will be earned.

There is no question on the new and modern vehicles for production on the program, but the remaining question should be addressed fairly on the positive contribution to economy of those imported vehicles that will flood the country and the  local market that will further drain our foreign reserves that is now actually in ailing condition. In The Manila Times report that our foreign reserves is now on its 11 month low should make us alarmed and make means to avert the fall and use the modernization program of the Jeepneys as component against that fall. Otherwise, this program will kill more our international reserves.

The proposed idea is to to be self-reliant and conserve our international reserves, and the manufacturing of jeepneys, through good technology transfers needed at this time and in this generation, is already due.

We cannot proceed and lose more our foreign reserves by the expense of this program, yet , as we view the transformation of our mass transport system into a new level, it must contribute positively to the economy and growth, not the contrary.

The partnership of foreign carmakers to the country in the light of the jeepney modernization is the best time of opportunity to kill two birds with one stone.

Patnerships of foreign companies in China were the core reason of their main drive growth, that made them become the Factory of the World, that in the same manner, we should view the possibility of earning technology transfers on our advantage, and earn the growth by our own self-will, that later, after we've gained all the technologies around, gain by self-producing our modernized jeepneys.

The new jeepney models should not be viewed only as trendy and modern, rather, we should also check our pockets if any dollar is lost by that scheme. 

Why refuse technology and technology transfers?

 why refuse industrialization?

If foreign investments were the problems and reasons of our ill technology industries, why not through partnership and this segment of jeepney modernization make that step to offer foreign car maker  they cannot refuse?

To make the program viable, this specific partnership should be made specialized by the government to make the reality of jeepney modernization complete with meaning as the heart of our car manufacturing start, not on the contrary that Izusu and Mitubishi will get more the transaction and fortune.

We can outsource EU car makers, or other

Japanese companies to agree partnership and provide us the technology transfer agreement. 

FDI AND THE JEEPNEY

Let's take the subject of the jeepney modernization program of the government in the context of Foreign Direct Investments in the country as a subject matter that would resolve partly our FDI low problem in the country.

As an opinion, the recent media information regarding the jeepney modernization is a positive move for the government to bringing mass transportation system in the country to a new level, that is to have zero emmission, and compliant to international standards. The matter is not to be argued for, but the succeeding factors should be considered as advantageous to our situation.

The FDI problem of the country can be related to the jeepney modernization by making this program a manufacturing foothold for the country instead of realizing it for the advantage of foreign companies. It will be a program that will lead FDI here and earn more by gaining technology transfer in the automaking industry in the country through partnerships with a rider for technology transfer. That even though, our inquisitive and curious government should adopt a policy of earning technologies brought about by foreign investors to the country and not only sleep on the products being manufactured and not learning them.

By using the program to the subject of FDI is something that it will move increased investment for our advantage.

It is of information that in first few months, the government will subsidize almost 27 billion pesos for the program. If that is true, such an amount can be directed in that fashion and initialize the concept of car manufacturing in the country and realize FDI. It is also of information that such amount in few years more will result to the programs amount of 250 billion pesos (the varying information is inaccurate in many sources),estimated for this program, and amount satisfactory enough to mobilize car manufacturing at this instant.

Why not? 

The FDI problem shows that it is a self initiative actually, and things will change for our favor if the government is serious and sensitive enough of using people's money for the benefit of the the common good.

The sweet idea of the self-car manufacturing in the country has multiple advantages, that as cited above, its enormous contribution of the economy once realized will solve the ills of our delayed growth and low in FDIs.

This article is just one part of the FDIs that we need right now, and the jeepney modernization program is actually an opportunity.

"Last June, the Department of Finance estimated that the program would cost P417 billion for the next five years, including the P8-billion subsidy for the purchase of the vehicle and P3.9 billion for the Office of Transport Cooperatives."

---PTV NEWS

Other related readings:

Why FDIs are low in the Philippines

Use CARS fund to subsidize purchase of modernized jeepneys: group

Other super Pilipinas related blogs:

jEEPNEY AND TECHNOLOGY TRANSFERS

Transfer of Technology to China:: A Scandinavian and European Perspective

SETTING A CHINA STANDARD

THE LOW FDIs in THE PHILIPPINES

This is to express opinion on the article of the inquirer which shows the negativity of the investments and business atmospheres in the Philippines that our policies, regulations, are found contrary to the development  of the business sector and deprives growth for the economy of the country.

There are a number of complaints of investors regarding our bureaucracy and policies that these things should be addressed in a manner that it should favorable and not opposed to our current stance but be remedial to change the perceptions of investors considering the country.

It is shown that Foreign investors are shunned by the prohibition of land ownership in the Philippines through the constitution, and this makes one of the biggest reason of impediment that makes the Philippines short of investors. 

One of the hardest reason about the issue of foreign land ownership in the country is based on history.  Under our colonial eras, where we have subjugated to diminution of our rights, and those long years of struggle and sad experiences are things that leads us to this issue that foreign land ownership is far to be a reality in the Philippines. 

There were comments that land ownership in the country should be encouraged by the government, or be addressed for amendment in congress, but they cannot be settled by by the reason of history. The possibility is hard and difficult to overcome, and refocusing our energies in FDIs in other attractive means unique with other countries that will offset land ownership controversy.

On the other hand, we can circumvent the situation by introducing means that will offset the problems of FDIs. Incentives, tax holidays, preferences, were things initiated but something more in our force must be taken to make the program more relevant and attractive. We should also built logistic infrastructures that would entice and reconsider investments, and these highways, ports, airports, electrification, and communications shall 
be strong enough that the standards are available.

The other means to resolve the problem of FDIs can be addressed on the matter of Moratorium of the law for some lock in period, says 50 years, and on, to recur the land back to lease. 

Regard to as a mean suggestion, we can use the methods to allay the fears of foreign investors and lend them security over there investments through that land ownership that may resolve something about the situation.

Why FDIs are low in the Philippines

FOXCON AND APPLE, NOT IN THEPHILIPPINES

It is a dream that Foxconn would come to the Philippines and manufacture Iphone and other Apple products, but yet, the news and the mulling of the possibility of putting up a plant in the country went drizzeld.

As we know, Foxconn employs about 1.2 million people in China, and the possibility of making the Philippines as the possible candidate for that manufacturing, is a high regard to solve employment and lessen poverty in the country. But what has turned out was the negative about such reports.

THE REFERENCE ARTICLE

The reason showed that upon their examination and study of the country, some factors arises contrary to the features and atmospheres that would make the manufacturing sector a favorable condition for FOXCONN or APPLE.  We do not need to enumerate and detail those reasons, but strong indicators are there that our economic policies and our behaviour towards business, trade, and commercial conditions do not show such approval.

We were not included as the NEXT FACTORY OF THE WORLD, candidate to be the next China, but rather, the more than 500 CEOs of manufacturers all over the world has not selected the country to be part of the MIGHTY FIVE.

The mighty Five is the MITI-V, which is the acronym of Malaysia, Indonesia, Thailand, India, and Vietnam as the next Factory of the world.

With that selection of the great fives to be next nations that will inherit the throne of China under the predictions of these more than 500 CEOs in concurrence, is already that mark that  sealed the fate of the Philippines, and the benchmark that investors, manufacturers make as guide in their plans and studies for investing abroad.

Where is that now, to make Apple come to the Philippines with our very strong labor demands and regulations that keep investors away.

We know  of us are unemployed in this country, and we need more manufacturing to give jobs under this sector, yet, we fail to address the concerns of investors that we invite. We are first quick to demand the regulations of our labor before we see the and meet the demands and requirements of investors that they may also thrive in our ambiance of commerce.

photo from inquirer

other readings on the miti v

RELATED READINGS, THE MITI V

CHINA AS 3RD TELCO PLAYER

The recent development about admitting China to be the 3rd TELCO player in the country must examined and to be thought carefully. 

First of all, we should only let Filipinos maintain superiority over strategic utility services in the country, while the intention is noble to give better and efficient service to our ailing communication condition in the country, still, the situation is not to be regarded as that simple. Some aspects of strategic and security matters that should be considered.

The video herein presented could have been already known in the halls of the government, and our leaders are fairly aware of it maybe, that its existence of such an information on the plans and intentions of China to do to its own citizens are things that gave us the hint on hold on to the proposal of giving China that opportunity.

If China can do it to their own people, simply, with their touch in the Philippines, could be a very easy hand and position to eaves drop information to our security and vital strategic situations internally.

We do not know of the hidden technology of China. Their character of espionage over the US technology and hacking is a big matter already that should forewarn the country over giving the franchise of Telco in the country.

There are other better and highly advanced countries that can do the job to serve our needs,  and this consideration is very likely.  The US, Japan, south Korea, or in the EU, are far more advanced and secured technologies that is foolproof.

Giving more dependence to China over our sensitive industries can be a serious concern for the government. It is enough on  trade and other bilateral relations via commerce, but putting them in this industry is not deemed perfect.

THE HOTTEST TOPIC IS THE" FACTORY OF THE WORLD"

If you may see, the supposed to be hottest topic in the country nowadays is the "Factory of the World" which is the heated discussions made over by some more than 500 chief executive officers and senior leaders at manufacturing companies throughout the world. These leaders has been talking on the table the budding rise of the MITI-V countries seen that will replace China in the coming years, as indication having them the character of a factory of the world is favored in them.

In that regard, the situation in the Philippines has become very different recently. First of all we were never mentioned in the discussion of the mighty five countries that these experts/leaders are talking about. The situation were obvious made by the loss of our FDIs which the country is not the choice of foreign investors because of very  strong reasons.

In short, our indicators points us to the opposite direction that the Philippines is not a worthy place for investment. If that so, why not make solution to the problem and make the turn around by introducing policies and rules and legislation that will reverse the situation. The job of the congress is to find means to enact laws that should make remedy, under the present and existing rules and regulations, amend, issue moratoriums that would guarantee FDIs inflow. 

When the congress can make a Tax Reform law, why not an Economic Reform Law that would cure the economic problems of the country?

It is understandable that we need National revenues made by the new tax reform law, but on the other hand, why not make revenues by not using or increasing tax rates for the country? It can be done by increasing our Tax base as the more positive means, and forego new tax systems that would further hurt the same size of tax base. Instead of going healthy and fat of this tax base, it will go malnourished.

The MITI-V issue coined by these 500 business leaders is not a joke when they've not included the Philippines in that pack. They are correct by not including the country in the grouping mainly because we don't have that x-factor.

Inside the ASEAN, there is a G-4 country?

It's a shame then if we can ever hear of that terminology, grouping by the effect of the mighty five opinion of economic leaders.

THE MITI-V

THE RISE OF THE MITI-V

The rise of the MITI-V and the fall of the Philippines?

Correctly, many indicators recently, and many times in the past, shows that we have been plagued by our loss of FDIs, and the farther closures of operating plants and investors in the country as reported in news and media outlets. Those were things that were so loud that made the country farther fall to our economic problems, that higher cost, poor performance of our currency, depleting  foreign currency reserve, and the rising BOPs due to peso fall.

While Malaysia, Indonesia, Thailand, India, and Vietnam are already on the rise to become the NEW CHINA , as the factory of the world, the Philippines is rolling down the drains with it business in drugs, corruption, senate and congressional hearings on impeachment cases, and still berating foreign nations of their pressure and intervention to our human rights and political affairs are things that do not make the economy.

All our neighbors in the regions are already bustling with more inputs of  marching foreign investors migrating to their soils, yet, here we are, busy  of going to change our constitution, going back to square one, with all accomplishments and advances on hold.

We must do the reverse. Let the congress find legislation that will address the increase of factories, local and foreign investors, to make business more conducive, favorable and interesting int he country. Demolish regulations unkind to businesses, neither suspend them for moratoriums until a level of wealth for the country is reached.

What is wrong with our country?

We are recently pressuring our Jeepney drivers/operators to modernize their utility vehicles, yet, we are going to import everything these vehicles and components by the use of our dollar reserves?

Jeepney modernization is one advocacy that should start car manufacturing in the country, and not a modernization for the profit of Japan economy. 

Manufacturing is a sign to become a factory of the world as conveyed by the character of China her superpower character.

THE RISE OF THE MITI-V

WE ARE NOT IN THE MIGHTY FIVE

Why there is a mighty five or the "MITI-V" is a wonder, for a selected group that soon to inherit the crown of China as the next manufacturing hub, factory of the world, these  countries which were grouped, is something upsetting for the governance and the people of this country being not selected based on indicators gathered by economic experts.

The pack of mighty five reflects our inefficient economic management with less emphasis on manufacturing.

Malaysia, Indonesia, Thailand, India, and Vietnam are packed together to gather the benefits of new powerful economies in the regions due to their appetite in manufacturing which the country refuses to enter into industrialization, that in this scenario, we are farther lost.

Unless we take the path of full manufacturing and make infrastructures favorable to it, our poverty program, and crime reductions will not be abated, much more farther will grow.

The economic experts who've coined the "MITI-V" has insulted our capacity, it is more or less a look down.

We cannot blame them, it is our makings that we have been very poor in technology that we always refuse car manufacturing. We self-admit that we cannot be into such industry by admission that we are not capable.

Something is very wrong, that congress should inquire the matter immediately.

THE MITI-V ARTICLE