Ateneo Professor on Entrepreneurship
Deputy Governor of BSP Diwa Gunigundo announced at a PTV program/interview that many investors who have relocated to China are going back to the PHL. Many realized their mistake by relocating to China. One such example is FEDEX. FEDEX I heard relocated to China because of: proximity to the market/shippers, and lower cost. However, they had horrendous difficulties with the language barrier and work habits of Chinese workers. I heard that they are going to the PHL but this time at Clark.
The good deputy governor said that the cost advantage of Chinese labor has been negated by now higher wages. The PHL workers understand English; you do not need English manuals and thus are more efficient and productive.
In so far as Thailand and Japanese manufacturers are concerned; I heard that many of them would want to relocate to the PHL because of the floods.
Is this for real?
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