The Philippines may have lost a golden opportunity to attract investments from US and European firms that are relocating from China amid the COVID-19 crisis, Sen. Panfilo Lacson said Sunday.
Lacson said such firms are likely to relocate their operations in the Asian region to another Asian country, but Indonesia has so far seized the lead in this regard.
“Maraming mga European at America lalo, aalis sila sa China. Pag aalis sila sa China, siyempre Asian country rin ang pupuntahan ng factories nila. Ang nakaagap agad doon ang Indonesia eh. Sa US lang, 27 factories ang aalis at mag-relocate sa China pero lipat sa Indonesia,” he said in an interview on DZBB and GMA News TV.
He said the Philippine government should grab this opportunity to have factories from US and European firms move here.
“Ito ang opportunity na dapat gina-grab natin kasi ang laki ng kumpanyang ito, dapat makabahagi man lang tayo ng mga factories na ililipat sa atin. Sayang,” he said.
On the other hand, Lacson lamented that instead of taking such opportunities for the country, some sectors are taking advantage of the COVID-19 pandemic for their own gain.
He cited the “double” price of personal protective equipment acquired by the Department of Health.
“Yan ang napakahirap patawarin. Meron ka nang crisis, pagsasamantalahan mo pa ang crisis para sa sarili mong opportunity, may crisis na nga, selfish pa ang ano. Ang crisis nag-seize ka ng opportunity para sa bansa,” he said.
Source: Latest Politics News Today (Politics.com.ph)
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