Round and round we go…where we stop…………?
The Philippines may emerge as an alternative to China, Thailand, and Vietnam for companies looking to establish a manufacturing presence in Asia.
Labor costs in China are rising, the inflation rate in Vietnam is high and the government is demanding pay raises for employees of foreign-owned companies. Thailand is on the brink of another political crisis and the stock market has crashed.
The Philippines is looking more attractive. There is a new container port at the old U.S. Navy base at Subic Bay, and a new road has been built to Clark/Manila airfield where new facilities are opening. There are more flights in and out of the country and a Special Economic Zone has recently attracted companies such as Texas Instruments. English is widely spoken.
Meanwhile. here in China, foreign visas are getting more difficult because of security concerns for the Olympic Games.
Price caps on fuel are still causing some shortages, raising lead-times and changes in logistics planning.
ã†ã¤ç—… commented:
見ã¦ã‚ˆã€‚
ラフティング commented:
よã練られãŸã€‚
Walter commented:
HI, From Walter, Yes there is some of that but Thailand is having
military problems with the newly elected government as is Turkey,
and in China Win Win negotiations has a different meaning for
selling and government officials too... Nothing ends up perfect, if
it were, all would be there. The red stamps approval in China for
various needs is cumbersome with the many semi independant local
goverments. It is the long term view for investment, and new ideas
are worth a look.
Alan commented:
Philippine looks attractive but talking about risk, what about
their low efficiency government, the corrupt officials, the
frequent strike and problem between miltary and administration, and
they don't actually manufacture any components but rely on import
and export, the supply base is just not there except cheap labor
and English speaking environment.
