Apr 10, 2008
Intel's exit: Symbol of what is wrong with the Philippines
Thirty four years ago, Intel set up shop in the Philippines. It was the first American electronic manufacturing company to invest in the country. Its entry was a symbolic vote that paved the way for other foreign companies like Texas Instruments to locate their operations in the Philippines.
Today, the possibility of Intel's exit symbolizes what has gone wrong with the country.
Power rates that are second highest in Asia, lack of infrastructure, high corporate taxes, and rampant theft have been consistent in the annual list of woes of various business groups in the country. These include the association of electronics manufacturers, whose export business account for two-thirds of the country's total exports.
There is no definite exit date yet for Intel as the company will announce in June if they will move elsewhere--or choose an alternate site in the country. At this point, the company is assessing its operations and how to make it more efficient.
The last option, executives say, is to relocate to Intel's other sites, like in Vietnam, China and Malaysia.
Comments
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They're not the only company leaving the Philippines marami pang susunod. They're leaving because the corruption in the Philippines is so rampat most of their earning goes to grease money....
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Jane Abao wrote:
<quoted text> There's a world of difference between Filipinos bashing their own President and one who is NOT A FILIPINO. As Filipinos, we have the right of suffrage. We can vote for her or not. She represents us, and therefore we have a say in how she rules the country. However, if you are not a Filipino and yet you stick your tongue out too often and tell our President what or what not to do, what right do you have? Hey, tell me, WHAT RIGHT DO YOU HAVE? The right i have of being a living ,breathing ,caring,humanbeing who doesnt care for Dictators, or oppressers thats wut right i have , because if these A$$ holes in the governments would get there A$$'s together no nation would be in any poverty stricken state in any area of there progression again thats wut right i have , because im not the only one who feels that way P.S. you havent l@@ked for that pic i asked have you LMAO.......... P.S. you know you dont act like a real editor , cuz u get too personal or sarcastic with your postings , you forget the amendmant freedom of speech and there are no borderlines on it ,just cuz im not Filippino , seems you not filippino ,cuz i show more pride than you and USbiased and other cronnies like you |
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.. ...idiot...that the reason your here right..and not there. Your the lucky one, i saw a lot of filipino passport in mexico city trying to get in here. If you like the Phillippines so much move there..!!! Philippines should be flush in the toilet..its useless..!! |
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Joined: Jan 16, 2008
Comments: 691
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And who are you, tell me? If you think Philippines should be "flush" in the toilet, why do you bother posting here? Go, learn your grammar first. Shouldn't it be your language and not ours? |
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