President BBM was correct and for his next ribbon cutting, I would suggest he visits the Steel Asia plant in Compostela town in Liloan, Cebu, which happens to be the domain of DOT Secretary Christina Frasco and her husband Congressman Duke Frasco. There the President will find a very modern steel mill equipped with the latest machinery from Italy, operated by experts from Italy, Germany, the Netherlands and Filipino technical experts, many of whom have returned from the Middle East.
Even worse is the persistent notion that all steel plants in the Philippines were government owned, taken over by government or were failed joint ventures between government and corrupt cronies. In other words, the industry died because of government incompetence. But as it turns out, not all the steel plants were government concerns and not all died or folded up.
Just when the company and business seemed headed in the right direction, the 1997 financial crisis hit and, having sizeable loans that were dollar-denominated, completely stunned the group, along with many other businesses and corporations worldwide. That’s when all the years of developing good and professional relationships and being teachable benefitted Ben Yao and Steel Asia.
When the invitation is respectfully extended by Steel Asia and Cong. and Sec. Frasco, I respectfully recommend that the President sees for himself: The steel industry is alive and building!Kotex advocates menstrual health education for young girls through innovative video gameASUS solidifies commitment, collects over one ton of recycled waste with CORAFilipinos’ loss of English proficiency must be serious, if we can’t even agree on what “suspension” means.
When a friend asked me, about 15 years ago, if I would meet with another friend of his who wanted me to write his biography, I almost fell off my chair when I learned who my prospective subject was.
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