By Mortz C. Ortigoza
Aside from concluding a mega
contract of US$503 million (P27.6 billion) with solar panel giant’s the consortium CSFirst Green Agri-Industrial Development Inc. and others, Pangasinan Governor Ramon Guico, III braces to sign on a proverbial dotted lines the entry in the province of one of the biggest business process
outsourcing (BPO) entities in the country and San Miguel Holdings Corporation that submitted to him last May 2 its unsolicited proposal for the construction of the Pangasinan East-West
Expressway (PEWEX).
Compared to his predecessors, Guico - who just warmed his seat as the top political honcho - is probably the most zealous chief executive in looking and hailing foreign and local investors to put shop in the huge province to generate employment to his constituents.
INCUMBENT Pangasinan
Governor Ramon Guico, III (top left photo and clockwise), former Pangasinan
Governors Amado “Pogi” Espino, III, Oscar Orbos, Victor Agbayani and Amado
Espino, Jr.
"They wanted to meet me again but we have to talk with the business sector in the province because we have conduct an inventory of the available real estate, leasable spaces, buildings, that they are looking for,” Guico, a former mayor and congressman, cited on the interest of the BPO outfit in the province.
I wrote earlier that 2nd
District Congressman Mark Cojuangco offered his district as hub of a BPO.
He wanted Barangay Estanza in
Lingayen transformed into a 184 hectares’ eco-park that would create employment
to the residents of the towns of Binmaley, Labrador, Bugallon, Aguilar,
Mangatarem and Basista.
“Iyan iyong binabalak ni
Governor na eco-park sa Barangay Estanza 184 hectares po iyon na
e-developed,” the solon disclosed.
He explained that buildings will
be built in that village to host the lucrative earning BPO and Call Centers to
cater to their customers overseas.
Unlike Central and Southern Luzon
that abound with special economic zones that host foreign investors because of
the tax perks offered by the national government, Pangasinan needs the economic
vision and aggressiveness of Guico to invite more business people.
When he was the Mayor of Binalonan
in the middle of the 2020s, the young Guico already brought the vaunted Sumi-North Wiring
Systems Corporation (SNPW) in his town where his family leased to
them their twenty - hectare land converted to an economic zone.
SNPW is the world’s renowned supplier of
wiring harness, related components, and several electronic products to the
automotive and office equipment industries.
In the ground breaking ceremony held in September 16, 2020 that this writer
attended, SNPW President Takeshi Morikawa told guests from the local government
unit (LGU) of Binalonan and the private sectors that the corporation would hire
13,000 individuals after the completion of the three phases of its
construction.
Guico told this writer before that the brass of the SNPW agreed with him that the workers will be sourced pro - rata among the residents of the 212 villages in the one city and eight towns 5th Congressional District.
If he could persuade more foreign
investors who could ride now on the amended Public Service Acts (PSA) that
offered 100 percent ownership in telecommunications, domestic shipping,
railways and subways, airlines, expressways, tollways, and transport network
vehicles services, it will bode well for the standard of living of the
Pangasinenses.
The amended PSA – signed into law by President
Rodrigo Duterte in March 21, 2022 - could spike competition in the market which
could lead to lower prices and higher quality goods and services. The general
welfare thus benefited for its dynamics.
With all those industrial developments that need to be exploited at the fullest, he could be the Best Governor of this northern region where his predecessors contented themselves to improve the stocks of the people primordially on the limited agriculture wealth of Pangasinan.
THE ECONOMICS OF THE EXPRESSWAY
With San Miguel Holdings
Corporation submitting its proposal to construct the 171.5 kilometers PWEx, it's an advantage for the people of Pangasinan to see more tourists coming to its
pristine beaches.
More people means more monies.
Manaoag Mayor Ming Rosario told me
before that his town is blessed because livelihood is already there in his
pilgrimage town.
Vacant lots around the Minor Basilica of Our Lady of the Rosary of Manaoag converted to parking space at P70 per car (30 vehicles a day multiplies by P70 equals to a whopping P2,100), restaurants, vendors selling the local delicacies from other towns and hawkers peddle religiuous symbols benefit on the influx of these human traffic.
If Guico can draw more investors in the mammoth province, the working men and women of Pangasinan would no longer go to the special zones in Central and Southern Luzon and those private enterprises in Metro Manila to look for jobs.
If the lanes of the 171.5 kilometers PEWEx can be compared to the four lanes’ 49. 1 km highway of Southern Tagalog Arterial Road (STAR), that would be a P6.8 billon investment, Pangasinenses would be benefiting on the spade works alone if based on the analysis of Economist Thomas P. Keane who authored The Economic Importance of the National Highway System.
On the hypothetical assessment and computation of this writer of the P6.8 billion or U.S 121.4 million (171.5 kilometers of the four lanes highway from the three phases and the kilometers from Rosales to Lingayen at P20 million per kilometer), there would be 988 full-time equivalent jobs per P6.8 billion invested in highway construction. In addition, research shows that this same sum of investment supports approximately 2,462 full-time equivalent jobs in the supply sectors and 1,750 positions in the general economy. Therefore, total employment supported per P6.8 billion highway investment is equal to more than 5,200 jobs. These estimates refer to "gross" job creation, meaning that the employment impacts of alternative investments have not been considered in this broad level of analysis.
The Lethal, Costly Weapons of a Cobra
MORTZ C. ORTIGOZA
I am a twenty years seasoned Op-Ed Political Writer in various newspapers and Blogger exposing government corruptions, public officials's idiocy and hypocrisies, and analyzing local and international issues. I have a master’s degree in Public Administration and professional government eligibility. I taught for a decade Political Science and Economics in universities in Metro Manila and cities of Urdaneta, Pangasinan and Dagupan. Follow me on Twitter @totoMortz or email me at totomortz@yahoo.com.
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