tag:blogger.com,1999:blog-1722201958867929465.post5434381973950377229..comments2023-06-12T18:40:21.841+08:00Comments on PinoyNewz: Finland Firm To Build $200 Million Rubber Tire Manufacturing Plant In Mindanaobuzzerhttp://www.blogger.com/profile/16286135687802915457noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-1722201958867929465.post-87333227894670340252017-01-14T21:15:50.701+08:002017-01-14T21:15:50.701+08:00That is a BOT or Build-Operate-Transfer scheme, wh...That is a BOT or Build-Operate-Transfer scheme, which means that the Finland group will spend for everything, operate it for a number of years (15 to 25 years maybe), then turn it over to the government after it has recouped it's investments and made some profit. BOT schemes usually involves th e government to guarantee the loans of the proponent (in this case, the Finland group) and also to guarantee the income of the factory. That is why BOT schemes are usually in expressways, LRT and the like, where there is a sure market and income. In this instance, how will the government guarantee a good market share for the factory? Will the government tax the other local manufacturers (which are 60% owned by Filipinos, BTW, although the brand name is foreign)? Will the government compel government vehicles to use only Pilipinas Tires? I'm not sure if this will push through as it is right now. so many problems to iron out. Hope it does push through, without destroying other manufacturers which are majority Filipino owned too.Anonymousnoreply@blogger.com