Defining the News
For the Philippines especially, that zero-investment trend from the world’s second largest economy will likely continue, and for obvious reasons
It takes me half an hour from Makati to NAIA One using the Skyway, but a friend who lives near the Batasang Pambansa and has to use C-5 or EDSA takes two hours, sometimes more, to get to the NAIA complex. Indeed, if one resides in the northern or eastern parts of NCR, whether QC, suburban Rizal or the Camanava area, using Clark instead of NAIA is a much better alternative.While several flights had been fully booked with OFWs arriving at the Taoyuan International Airport from our country, a Taiwanese immigration official told me that now there are a lot less.
While details have yet to be ironed out between the two governments’ ministries of labor, there is a threat to the further influx of Filipino migrant workers who receive very good pay and health benefits in Taiwan compared to other destinations.Which brings me to our FDI portfolio, which despite numerous MOUs and LOIs and MOAs trumpeted by the Department of Trade and Industry, on top of efforts of our No. 1 salesman, the President himself, have yet to truly materialize.
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