By JOSE B PEREZ
NAGA CITY:
Eduardo R. Nicolas III, a local boy from Ragay, CamSur who studied in a good
school in this city and became a top executive of Toyota Motors Philippines
with its plant in Laguna, has painted a changing movement in the country’s
economic outlook due to factors obtaining both inside and outside of our
shores.
Speaking before
his fellow Bicolano businessmen during the first quarter general membership
meeting of the Metro Naga Chamber of Commerce and Industry, Inc (MNCCI) here recently,
Nicolas urged local entrepreneurs and consumers to focus on patronizing and improving
local products and ultimately make them competitive with foreign goods.
He said that
unlike in the past good years for some industries, the year just passed has
seen a negative trend in real estate and certain services like physical
therapy, especially among global clients.
On the other
hand, he looks at the new sectors such as entertainment and casino gambling,
and tsunami-damaged products from Japan, and old clothes (ukay-ukay) from
Australia and Canada continuing to create business opportunities for some
entrepreneurs.
“Pati basura
nila dinadala dito sa atin, which is a grave insult that should challenge us to
promote and improve on what we have,” he said referring to a fleet of container
vans from Australia that has been recently uncovered in Manila’s port area.
He said we
should go back to Proudly Pinoy products because this is an inclusive endeavor
that belongs to Filipino entrepreneurs and manufacturers, hence encouraging
less competition.
He said this is
imperative in the light of the forthcoming Asean Economic Integration come 2015
when products from Asean member-countries will be competing with each other in
terms of quality and cost and similarity of materials considering that we
belong to a single region with similar raw materials and natural resources.
When that time
comes, it will be a contest of creativity, cost effectiveness, and aggressive
marketing strategies among the Asean craftsmen and manufacturers, he said.
He foresees,
though, that because of other nations’ confidence on the new leadership and its
serious campaign against graft and corruption, many foreign investors will be
coming back to do business here. He specially mentioned that many Japanese
companies will soon be coming back for a resurgent Japan, Inc. vis-à-vis the head-on
competition being posed by China and Korea.
He also
anticipates the favorable outcomes once the Asean Economic Integration come
into play in 2015. - BicolMail
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