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