Japanese will relocate their 200 companies to the Philippines

This is a good news for Filipinos out there. With 200 companies coming to the Philippines, many jobless people will be happy. Most of these companies are in China. Japan realized that Filipinos are hard working people and better than Chinese who could not even speak English. I have a friend who worked in a manufacturing company in the Philippines and he said that their company branch in China was closed because of product output quality. He said that out of ten product items only four passed the quality control inspection while in their branch in Cebu only two most of the time were rejected.

Adding more companies in the Philippines will help alleviate its economy. This will also lessen the Filipinos migration to other country to look for job if there are many jobs available in the Philippines. Micro-businesses will also prosper that will cause domino effects.

Here is the news from The Philippines Pride:

Japan is making sure that the bully will pay its due when time comes. The world is losing interest in China. The recent announcement of Microsoft to close its two factories and transfer to Vietnam could cost 9,000 Chinese jobs. The same thing can be devastating in the years to come as Japan announces moving at least 200 factories from China to the Philippines.

Electronics Factory

According to South China Morning Post, six Japanese and Taiwanese companies turned down China and preferred Philippines for their next factory locations. 

 “Japan’s biggest printer maker and electronics giant Epson has no plan to expand its production plant in China due to increasing labor cost and deteriorating quality”, Epson Philippines country manager Toshimitsu Tanaka told reporter. Epson is currently building its biggest manufacturing facility in its current site in Batangas. The completed factory will be Epson’s biggest ever with 10 hectares of total floor area. The facility will likely to operate next year according to Tanaka. 

 Based on the statement released by Nobuo Fuiji, head of the Japanese Chamber of Commerce and Industry of the Philippines Inc., since last year there are some Japanese firms started moving their operation in the Philippines. They believe that Philippines is a growing country and it is competitive enough to cater big investments from them, according to PhilStar. 

 Japan announced last week that it is seeking permission from the Philippine government to use the country’s military bases to support US military pivot forces. The details are not yet clear but a possible agreement between the concerned parties can be done sooner or later according to a PH military spokesperson. 

 Japanese bicycle maker Shimano has just opened a P1.2B facility in Batangas, and dozens more factories are likely to follow according to the Japanese Embassy. 

 Mitsubishi Power Industries is another giant who is scheduled to move to Philippines according to latest news. 

 Japanese watchmaker Citizen also shut down its China factories and the fate has yet to be decided whether it will move to the Philippines or Vietnam. 

 Another 300 Chinese workers lost their job after electronic giant Panasonic closed one of its Chinese factories. 

 Both the Philippine business sector and the government is expecting a stronger democratic and economic ties with Japan amid growing Spratly tensions. Both countries, including Vietnam share the same views against China’s illegal land-grabbing activities in South China Sea.

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Why most OFW still poor despite working abroad for a long time

Why most OFW still poor despite working abroad for a long time? This is a question many people are asking me many times. I asked them the same question why is it so? I asked the same question because I have been working abroad for more than 15 years already and yet I don't have lots of savings. Yes I paid my monthly SSS and bought a house plus some thousands of money in the bank but it is worth enough if I retire? These are some few questions that I want to be clear.

Here is a News from abs-cbn why many ofw still poor after spending many years working abroad. I am fortunate that I am not included in this bracket.

While most Overseas Filipino Workers (OFWs) earn better in other countries, some of them still experience financial problems despite years of hard work due to inefficient money management. 

 The Commission on Filipinos Overseas (CFO) has identified over-dependency of families and relatives of OFWs as one of the common causes why workers abroad struggle with their finances, despite their higher pay. “People tend to think that once you go abroad, it seems that you get a higher income and that will solve all your problems,” said Andrea Anolin, CFO executive assistant for joint migration and development initiative.

 Anolin added that an OFW may already have financial problems even before leaving the Philippines, such as the accumulation of debts due to over-borrowing in the belief that the money can be returned once hired overseas. “The families who are left behind and also the migrants themselves have very unrealistic expectations. 

They equate going overseas with an automatic improvement in the quality of their lives,” she said. In addition, some OFWs are said to easily give in to the requests of their families and relatives for remittances and gifts from abroad, thus the failure to save sufficient money for the future. “We don’t really save for the rainy days. We don’t really think long term. Our plans, our objectives are vague and we don’t really know how to get from one place to the next. So it’s easy to be lured by commercial spending,” Anolin said. 

According to Bangko Sentral ng Pilipinas (BSP), eight out of 10 Filipinos don't have bank accounts -- an indication that financial literacy among Filipinos is not high, as CFO pointed out. 

While it is not that bad for OFWs to spend for their families with imported commodities, CFO stressed that they should not let themselves end up without savings and should not forget to save more than they spend in order to achieve a common goal of creating a sustainable income in their homeland. “It’s not the lack of money to save eh. It’s the lack of the will to save,” said Warner Dawal, senior emigrant services officer for Peso Sense Program.

 “The most common misconception is the families here in the Philippines think that the remittance they receive is forever,” he added. I conclude that the reason why most of our expatriates including me are still poor is because we don't have the will to save money. We have this "come what may" attitude. Start saving today and invest it back home or open a business.

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Why Fiorina’s failure as a CEO ensures she’d fail as president

WASHINGTON (MarketWatch) — Carly Fiorina was a lousy corporate executive, and she’d make a lousy president. Why? Because she has no idea how difficult it is to actually be president and get things done.

The former CEO of Hewlett-Packard HPQ, -3.16% wowed the Republican base last night at the candidates’ second debate with her strong conviction that all you need is a steely gaze and a will of iron to turn this country around and solve all its problems, foreign and domestic.

 In defense of her failed leadership at H-P, which concluded with her forced ouster, Fiorina said last night that “when you challenge the status quo, you make enemies.”

 Other than the thousands of employees she fired, Fiorina’s biggest enemies at H-P were in the board of directors, which like all corporate boards, is made up of uninformed people who nevertheless think of themselves as geniuses, busy people who have their own companies and interests to worry about and don’t have time for your petty problems.

 “I was a terrific CEO, the board was dysfunctional,” Fiorina said.

 Well, I have a surprise for you, Carly: If you think a corporate board is dysfunctional, wait until you see Congress.

 And if you think challenging the status quo in Washington or on the world stage will be a cakewalk, you’ll fail as president just as you failed as CEO of Hewlett-Packard.

 The biggest lie our politicians tell us is that it’s easy to fix our nation’s problems. All you need is the will, and you can accomplish anything. But none of them — with the possible exceptions of former First Lady Hillary Clinton and long-time congressional leader John Kasich — understands how impotent our political leaders really are.

Carly Fiorina

 Our government is a messy mix of oligarchy, democracy, republicanism and federalism that guarantees that almost nothing can get done. At least, not without a huge struggle.

 That is not a bug of our political system; it’s a feature. It’s the way our founding fathers planned it. They didn’t want a king, or a queen, not even a steely-eyed former CEO.

 Barack Obama was elected in 2008 primarily because he persuaded us that fixing our problems would be easy. All we needed was hope and audacity, and we can do it. Yes we can!

 But when Obama got into office, he was quickly schooled.

 Even though the Democratic Party had huge majorities in both houses of Congress and Obama personally had an immense mandate from the people to “change the way Washington works,” he was forced to compromise from Day One. Even a Congress led by allies won’t be dictated to.

 His stimulus package didn’t fully please anyone, his health-care reform bill didn’t fully please anyone, his rewrite of financial regulations didn’t fully please anyone. His foreign policy — from Afghanistan and Iraq to China and Ukraine — didn’t fully please anyone.

 Being president means never pleasing anyone completely, especially yourself. It takes a rare leader serving at the perfect time to overcome our system’s programmed hostility to efficiency.

 It would be nice if the candidates running for president would admit that, but if they did, they’d all sound like John Kasich, and none of them want to be the reasonable one on the stage.

Being realistic is such a turnoff! It’s much better to pound your chest and fire up the base and pretend that the president of the United States can accomplish anything. Build a wall! Put Putin in his place! Grow the economy at 4%!

 It’s easy; all you need is a steely gaze and will of iron.

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