Hesteel Group, a Chinese iron and steel manufacturing conglomerate, is investing US$4.4 billion in the Philippines to set up a joint venture, The Paper reported.
The second largest steel group in China is planning to bond with Steel Asia Manufacturing Corporation to set up an enterprise that integrates iron making, steel making, rolling and deep processing.
It will take three to five years to build the factory in Cagayan de Oro City, Mindanao. Annual production is expected to reach eight million tonnes of iron and steel.
The Philippine Minister of Trade and Industry Ramon Lopez said it is by far the largest investment project involving China and the Philippines.
This project is being touted to help the country achieve the “Steel Dream,” promoting the overall development of the manufacturing industry, further increasing export capacity and helping reduce the trade deficit.
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Just like the thanks we got from Vietnam for the thick and thin we went through with them in their struggle for national salvation, I can already envision it that a similar thanks https://www.cbc.ca/news/world/manila-bus-hostage-taking-ends-with-9-dead-1.887683 will be heading our way soon as Duterte is out of the picture, pelted by the dumbos of the Filipino nation, and persecuted like Saddam had by its by then American transplant where, once again, we’ll be guaranteed to be thrown under the bus again. So, why not just let them live indefinitely in their poverty stricken hell instead of taking the risk on this losing proposition, Beijing?
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Just like the thanks we got from Vietnam for the thick and thin we went through with them in their struggle for national salvation, I can already envision it that a similar thanks https://www.cbc.ca/news/world/manila-bus-hostage-taking-ends-with-9-dead-1.887683 will be heading our way soon as Duterte is out of the picture, pelted by the dumbos of the Filipino nation, and persecuted like Saddam had by its by then American transplant where, once again, we’ll be guaranteed to be thrown under the bus again. So, why not just let them live indefinitely in their poverty stricken hell instead of taking the risk on this losing proposition, Beijing?
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i don’t think filipinos got the capability/Skill to man this factory or else usa would have setup this type of heavy industrial plant in philippines long time ago during thier almost 100 years occupation of philippines. by the way maccarthur ran away during ww2 and left filippino to be rape and kill buy the japanese and then shield these war criminal from war trial with a tiny show trial to dupe the victims
i don’t think filipinos got the capability/Skill to man this factory or else usa would have setup this type of heavy industrial plant in philippines long time ago during thier almost 100 years occupation of philippines. by the way maccarthur ran away during ww2 and left filippino to be rape and kill buy the japanese and then shield these war criminal from war trial with a tiny show trial to dupe the victims
That is what the west used to say about the chinese. Give them time and they will prove themselves/
That is what the west used to say about the chinese. Give them time and they will prove themselves/
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*** Re don’t think Filipinos have the capability ***
Well…
My opinion is that [the prerequisite] required for the smooth and efficient operation of a major mfg plant such as a steel mill or smelter requires that, in the initial stages, that training must be provided (this will be China’s part) followed by the learning of trade (Philippines are required to do), and, the most vital element of all, the quality management needed to efficiently make it a financially sound operation. The latter requires a Chinese-Filipino partnership.
With Chinese help, and the doors of opportunity open to them (which the latter has never had the experience), yes, the Philippines too can leapfrog into the modern world and become yet another economic powerhouse just like that of South Korea, of Hong Kong, of Taiwan, and of Singapore, providing of course…
“???? The [gang of Enb Libra] is not going to rob their countrymen of this right — a right they had never known existed https://youtu.be/YiydlTwBxY4 since the very eon of Filipino time…
Tall order with the gang of Enb Libra around so fingers crossed Dutertes will come through for his countrymen.
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*** Re don’t think Filipinos have the capability ***
Well…
My opinion is that [the prerequisite] required for the smooth and efficient operation of a major mfg plant such as a steel mill or smelter requires that, in the initial stages, that training must be provided (this will be China’s part) followed by the learning of trade (Philippines are required to do), and, the most vital element of all, the quality management needed to efficiently make it a financially sound operation. The latter requires a Chinese-Filipino partnership.
With Chinese help, and the doors of opportunity open to them (which the latter has never had the experience), yes, the Philippines too can leapfrog into the modern world and become yet another economic powerhouse just like that of South Korea, of Hong Kong, of Taiwan, and of Singapore, providing of course…
“???? The [gang of Enb Libra] is not going to rob their countrymen of this right — a right they had never known existed https://youtu.be/YiydlTwBxY4 since the very eon of Filipino time…
Tall order with the gang of Enb Libra around so fingers crossed Dutertes will come through for his countrymen.
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