The recent development on the closure and bankruptcy of Hanjin Heavy industries Construction in the country is something that our government should look into carefully the issues and factors that investors face in the country and learn from those experiences of firms struggling our government's policies on industries critical of technology should be given attention and regard contributory for our national security in general.
Shipbuilding may benefit the country for transfer of technology that we direly need to become self-reliant and save the much-needed dollars and move the economy.
As a better action, the government should consider the situation as our opportunity for technology transfer through partnerships and investments of the government to enhance our capability for technology.
As of recent, there is information that a non-Chinese firm is interested to take over or buy Hanjin, but unlikely this current debacle is uncertain due to the interest of Chinese wanting to take over the debunk firm.
It was contentious that a Chinese firm was opposed amid the inclination of the office of the President that likely a Chinese firm was very keen on the facility which is a national security risk hardly debated in the senate floor.
ALSO READ :GOVERNMENT MAY FORGE DEAL WITH HANJIN WHITE KNIGHT BY END OF 2019
It was contentious that a Chinese firm was opposed amid the inclination of the office of the President that likely a Chinese firm was very keen on the facility which is a national security risk hardly debated in the senate floor.
ALSO READ :GOVERNMENT MAY FORGE DEAL WITH HANJIN WHITE KNIGHT BY END OF 2019
THE NATIONAL SECURITY ISSUE
We should be very careful with entertaining Chinese investment in the facilities of Subic Bay as it is regarded for the national security of the country, but rather, the government should look into consideration the possibility that the government itself is very capable of investing on said firm that will bring us to a direction of shipbuilding for our naval capability.
The government should take this opportunity of technology transfer first of all. We had been spending billions of dollars in foreign-made naval vessels for the protection of our national sovereignty, particularly in the south China Sea.
A golden opportunity for the government and the Filipino people to grab technology transfer in shipbuilding. We should reduce our dollar spendings and save the country economically.
We have a very little inventory of naval ships and coast guard vessels to stay protected our archipelagic waters, and the opportunity of shipbuilding under the expertise of the Hanjin Industries is one in the hands for us to engage into immediately and launch our modernization dream.
ECONOMIC.
It is automatic that having shipbuilding in the country with adequate technology is the best for our economy to survive and thrive. We had been spending billions of dollars for foreign acquisitions that are draining our dollar reserves. That shipbuilding locally will save us dramatically these vital reserves.
this industry will generate employment and a catalyst to sprung technology and modernization of our industries that would increase our exports and minimize importations. Such is a mode to be undertaken in ou economic policies.
The government should take this opportunity of technology transfer first of all. We had been spending billions of dollars in foreign-made naval vessels for the protection of our national sovereignty, particularly in the south China Sea.
A golden opportunity for the government and the Filipino people to grab technology transfer in shipbuilding. We should reduce our dollar spendings and save the country economically.
We have a very little inventory of naval ships and coast guard vessels to stay protected our archipelagic waters, and the opportunity of shipbuilding under the expertise of the Hanjin Industries is one in the hands for us to engage into immediately and launch our modernization dream.
ECONOMIC.
It is automatic that having shipbuilding in the country with adequate technology is the best for our economy to survive and thrive. We had been spending billions of dollars for foreign acquisitions that are draining our dollar reserves. That shipbuilding locally will save us dramatically these vital reserves.
this industry will generate employment and a catalyst to sprung technology and modernization of our industries that would increase our exports and minimize importations. Such is a mode to be undertaken in ou economic policies.
