Lumaktaw sa pangunahing content

Philippines, Japan businessmen sign 25 deals worth $6B in investments

Mr. Duterte met officials of certain Japanese companies and witnessed the signing of business-to-business memoranda of understanding as well as letters of intent on investment plans and expansion of operations in the Philippines

Was this deal negotiated months or years in advance and merely signed in the presence of the two heads of state?

Was it a private-sector deal that would have happened anyway without government help?

It’s a storyline constantly told the public whenever a president returns from an overseas trip: He or she has secured this much worth of aid or investments for the country.

The figures are often broad estimates (rounded up for good measure), to give the public the impression that the cost of chartering a large airliner to fly the presidential party, the Cabinet, various hangers-on, and their spouses and partners to a foreign capital was well worth it.

When the tallies are made, those who do the tallying tend to err on the side of generosity.

The final tally was an impressive $6 billion worth of deals and aid.

Was another agreement a prospective pledge that may or may not happen rather than an actual “done deal”?

The tone of the official press statements on President Duterte’s recent trip to Japan was no different. No less than the President was quoted as declaring that the Philippines is now in “a golden age of strategic partnership” with the North Asian powerhouse that is also the world’s third largest economy.

Key Cabinet officials also met with their Japanese counterparts to discuss improved market access of Philippine products to Japan and the lowering of tariffs for our agricultural products such as banana, pineapple and mango, and, possibly, the eventual removal of these duties in the future.

The business deals involved manufacturing (particularly shipbuilding, iron and steel), agribusiness, power, renewable energy, transportation, infrastructure, mineral processing, retailing, information and communication technology, and information technology-business process management.

It is time we changed the collective mindset, and stopped shortchanging ourselves with the help of officialdom and its private business enablers (who all want a photo op with the president), as well as analysts and rah-rah teams that propagate the image of a Filipino head of state coming home with goodies so generously given by foreign leaders.

More importantly, the Philippine and Japanese leaders fleshed out the details of a 1 trillion yen aid package that the latter had earlier promised, as well as financial and material support for the rehabilitation of war-ravaged Marawi.

But there is something worrisome about this practice of hailing a president’s “achievements” after a trip overseas (rather like the practice of bringing home pasalubong).

It is, as an adage puts it, “making a virtue out of necessity” — a necessity for foreign governments and businessmen, to be precise.

The truth is that the need is mutual. And when viewed in the context of the Philippines’ 100-million-strong population — the most dynamic and consumption-oriented in the region, according to various studies — it can be argued that any given company in another country needs access to this market more than we do (for there are many alternatives eager to enter the local market).

But as has been demonstrated so abundantly in the past, we are often great with making plans but do poorly in executing them. The focus should be on making these deals work and reaping the maximum benefit for Filipinos, whether these are from Japan, China, or other countries that the President will visit in the future.

We need them, yes. But they need us just as badly for their own economies to keep growing. They need to sell their products to us, to lend us their money, and to extend “official development assistance” to help them secure markets and influence. In fact, sometimes other countries need us even more than we need them.

Instead, the focus should be directed to making these investments, business deals and government aid work for the Filipino public. Concretizing these deals sealed abroad into actual benefits for the people is what deserves real praise.

Mga Komento

Mga sikat na post sa blog na ito

Kris Aquino To Critics "Utang Na Loob Niyo Sa Tatay Ko Ang Kalayaan Niyo"

“And the truth is you do owe this man the fact that you have FREEDOM OF SPEECH, FREEDOM OF EXPRESSION & FREEDOM OF THE PRESS TODAY.” Ito ang mga sinabi ni Kris Aquino laban sa mga kritiko ng kanyang pamilya. Ayon pa kay Kris, "may bayag" o matapang daw ang tatay niya dahil handa raw itong mamatay para sa bayan. Kung tinatamasa ng mga Filipino ang kalayaan ngayon, ito ay dahil sa ginawang sakri­pisyo ni dating Senador Benigno ‘Ninoy’ Aquino Jr., ayon sa kanyang bunsong anak na si Kris Aquino. Sa Instagram post ni Kris, binanggit nito na ang kanyang ama ay ‘may bayag’ noong isakripisyo ang kanyang buhay para sa kalayaan ng bansa mula sa diktaduryang Marcos. Tinutukoy ng television host at aktres ang pag-uwi ni Ninoy sa bansa noong Agosto 21, 1983 sa kabila ng babala na may mangyayaring masama sa kanya. Binaril si Ninoy sa tarmac ng Manila International Airport (ngayon ay Ninoy Aquino International Airport). Ang kanyang pagkamatay ang naging mitsa ng pagsiklab...

ASEAN 2017: Tatak Pinas, tatak Duterte

Katatapos lang maghost ng Pilipinas ng ASEAN Summit kung saan dumalo ang lahat ng mga malalaking bansa na hindi sakop ng rehiyon tulad ng US, Japan, China at Russia at nakipag-usap pa sa mga member states.                                                              At andaming tumaas ang kilay. Bakit binibigyan ng halaga ang ASEAN sa liit ng ating parte sa mundong ginagalawan. Simple lang. Dahil kay Duterte at ang halaga ng ASEAN sa ekonomiya ng lahat. Tayo ang pampitong pinakamalaking eco­nomy sa buong mundo kahit lampas kalaha­ting bilyon lang tayong katao. Kontrolado natin ang South China Sea (West Philippine Sea) na isa primary shipping route sa mundo. Tayo ang may pinamakama­laking Muslim population at lahat ng member-states ng ASEAN ay may growth rate na lampas 5%. Ibig sabihin, walang bansang pabigat sa ASEAN. Ka...

Urgent & Important Health Tips: Warm Water (Mainit na tubig) is very effective medicine to cure all kinds of deseases..Read & Shares!!!

MEDICAL ALERTNESS : PLEASE SHARE THIS WITH FAMILY AND FRIENDS, IT'S VERY IMPORTANT AND CAN SAVE SOMEONE'S LIFE.. A group of Japanese Doctors confirmed that warm water is 100% effective in resolving some health problems. Such as: 1 Migraine 2 High blood pressure 3 Low blood pressure 4 Pain of joints 5 Sudden increase and decrease of heartbeat 6 Epilepsy 7 Increasing level of cholesterol 8 Cough 9 Bodily discomfort 10 Golu pain 11 Asthma 12 Hooping cough 13 Blockage of veins 14 Disease related to Uterus & Urine 15 Stomach problems 16 Poor appetite 17 Also all diseases related to the eyes, ear & throat. 18 Headache HOW TO USE WARM WATER Get up early in the morning and drink approximately 4 glasses of warm water when the stomach is empty. You may not be able to make 4 glasses at the beginning but slowly you will. NOTE: DO not eat anything 45mins after taking the water. The warm water therapy will resolve the health problems within reasonable p...