Approval and Effectivity of the Addenda to the Fifth Investment Priorities Plan and the Third Export Priorities Plan ( Letter of Instructions No. 64 )
March 13, 1973
March 13, 1973
LETTER OF INSTRUCTIONS NO. 64
ANNOUNCING THE APPROVAL AND EFFECTIVITY OF THE ADDENDA TO THE FIFTH INVESTMENT PRIORITIES PLAN AND THIRD EXPORT PRIORITIES PLAN UNDER THE INVESTMENT INCENTIVES ACT AND EXPORT INCENTIVES ACT
WHEREAS, pursuant to the provisions of Republic Act 5186, otherwise known as the Investment Incentives Act, and Republic Act 6135, otherwise known as the Export Incentives Act, the Board of Investments has prepared the Addenda to the Fifth Investment Priorities Plan and the Third Export Priorities Plan and the same have been submitted to me for approval through, and with the recommendation of the National Economic and Development Authority; acd
WHEREAS, after a careful study of the Addenda to the Plans and their supporting data, I have found the Addenda to be feasible and in conformity with law and accordingly approved it.
NOW, THEREFORE, pursuant to Section 18 of Republic Act 5186, and Section 4 of Republic Act 6135, I, FERDINAND E. MARCOS, President of the Philippines, do hereby declare and proclaim in effect the Addenda to the Fifth Investment Priorities Plan and the Third Export Priorities Plan hereto attached.
DONE in the City of Manila, this 13th day of March, in the year of Our Lord, Nineteen Hundred and Seventy-Three. acd
ADDENDA TO THE FIFTH INVESTMENT PRIORITIES PLAN AND THE THIRD EXPORT PRIORITIES PLAN 1972BOARD OF INVESTMENTSOrtigas Bldg., Ortigas AvenuePasig, RizalREPUBLIKA NG PILIPINASTanggapan ng PanguloLUPON NG PAMUMUHUNANBOARD OF INVESTMENTSOrtigas BuildingOrtigas Ave., Pasig, Rizal
20 November 1972
National Economic Development Authorityc/o Hon. Alejandro MelchorExecutive SecretaryMalacañang, Manila
Dear Sir:
We are submitting herewith our proposed amendments to the Fifth Investment Priorities Plan (IPP) and the Third Export Priorities Plan (EPP). The inclusion of eight (8) new projects in the Fifth Investment Priorities Plan and three (3) new projects in the Third Export Priorities Plan is proposed. We are also recommending the amendment of the measured capacity for two (2) IPP projects.
I. New Additionscd i
Five of the eleven projects recommended for new inclusion would be producing components for the Progressive Car Manufacturing Program. The new projects being proposed for inclusion are the following:
Fifth Investment Priorities Plan
|
Project
|
Status
|
Measured Capacity
|
| Rock aggregates | Non-pioneer | Local: 507,000 cu.m. |
| Condition: Cebu island | ||
| only | ||
| Automotive engine block | Pioneer | Local: 58,800 units |
| (with cylinder head) | Export: Variable | |
| Electric motors for | Non-pioneer | Local: 65,000 units |
| automotive use | Export: Variable | |
| Automotive gauges | Non-pioneer | Local: 56,000 units |
| and instruments | Export: Variable | |
| Vehicle shock absorber | Non-pioneer | Local: 600,000 units |
| Export: Variable | ||
| Gum rosin and gum | Pioneer | Local: 8,000 M. T. |
| turpentine | Export: Variable | |
| Glass containers | Non-pioneer | Local: 113,000 M. T. |
| Textiles | Non-pioneer | Local: 115,400,000 |
| sq. yds. | ||
| Export: Variable | ||
| Condition: Only new | ||
| textile mills will be entitled | ||
| to registration under | ||
| the IPP, with the | ||
| condition of location outside | ||
| the Greater Manila | ||
| area (including the five | ||
| surrounding provinces of | ||
| Bulacan, Laguna, Batangas, | ||
| Cavite and Rizal). | ||
| Expansion of existing | ||
| textile mills in the | ||
| Greater Manila area | ||
| should be registered under | ||
| the Export incentives | ||
| Act, with a commitment | ||
| to export a minimum | ||
| proportion of | ||
| production resulting | ||
| from the expansion in | ||
| capacity. |
Third Export Priorities Plan
|
BTN
|
SITC
|
Status exportable Products
|
|
| List A: | Exportable Products of Existing Firms | ||
| 73.38 | 812.3 | Wrought iron furniture | |
| 82.50 | 729.2 | Fluorescent and mercury | |
| lamp ballasts | |||
| List B: | Exportable Products of Preferred Areas of Investments | ||
| 84.63 | 732.0 | Pioneer Motor vehicle | |
| transmission |
A short description of the projects proposed for inclusion in the IPP and EPP together with the different data and economic factors which were considered in their evaluation are shown in the attachments.
II. Amendment of Measured Capacity acd
The proposed amendment of the measured capacity for two (2) IPP projects are:
|
Project
|
Measured Capacity
|
| Flashlight | Local: 1,656,000 units |
| Export: 1,400,000 units | |
| Magnetic starter | Local: 36,000 units |
| Export: 40,000 units |
We are recommending the addition of an export measured capacity of 1,400,000 units for flashlights. Our study of the export market for flashlights has shown that there is a potential for Philippine export of this product. Lower production costs in the Philippines would give us a competitive position with Hongkong which supplies a substantial proportion of the world market.
In the case of magnetic starters, we are recommending the increase of the local measured capacity from 19,000 units to 36,000 units and of the export measured capacity from 20,000 units to 40,000 units. This increase of 17,000 units in the local measured capacity is merely the restoration of the measured capacity granted to a BOI-approved project which has subsequently withdrawn its application. This capacity was taken into account in computing the "existing/approved capacity" in the Fifth IPP. On the other hand, the addition of 20,000 units for the export measured capacity is based on a revision of our estimate of the export market for magnetic starters.
Very truly yours,
(Sgd.) VICENTE T. PATERNOChairman
January 17, 1972
Dr. Gerardo SicatOfficer-in-ChargeNational Economic Development AuthorityMetropolitan Bank Bldg.,Ayala Ave., Makati, Rizal
Dear Dr. Sicat:
We are submitting for inclusion in our proposed addenda to the Fifth Investment Priorities Plan and Third Export Priorities Plan the following projects cellophane. The pertinent data on this project are as follows: aisa dc
| Measured capacity: | Local: 6,400 MT |
| Export: variable | |
| Status: Pioneer |
Conditions:
1. The project must be located close to the Northern Luzon Copper Smelter in order to make the cost of sulfuric acid as low as possible;
2. The project must be located in an area which is economically accessible to sites suitable to tree farming;
3. That a project for the manufacture of pulp to be used as raw material for the cellophane project should be submitted within one year from the start of the operation of the cellophane project.
Description of the product: Cellophane is the name given to a thin transparent film consisting of a base sheet of cellulose, regenerated from viscose, containing variable amounts of water and softener, and coated on one or both sides to render it moisture-proof and capable of being sealed with heat or solvent. This product satisfies the requirements of a wide range of applications, mostly in the field of packaging.
Demand-supply gap and annual capacity of recommended economic-size plant:
| Demand projection gear: 1976 |
|
| Projected demand: |
Local: 6,400 MT
|
|
Export: variable
|
|
| Measured capacity: |
Local: 6,400 MT
|
|
Export: variable
|
|
| Annual capacity of recommended economic-size plant: |
|
|
5,000 MT
|
|
| Recommended economic-size plant by investment requirement and value of output: | |
| Total investment requirements: |
P134,494,000
|
| Capital equipment |
118,315,000
|
| Others |
16,179,000
|
| Value of output: |
54,155,000
|
| Labor requirements of economic-size plant by level of skill: |
|
| Total: |
|
| No. |
: 525 persons
|
| Salary |
: P3,838,000
|
| Supervisory and skilled: |
|
| No. |
: 314 persons
|
| Salary |
: P2,873,000
|
| Semi-skilled: |
|
| No. |
: 129 persons
|
| Salary |
: P640,000
|
| Unskilled: |
|
| No. |
: 82 persons
|
| Salary |
: P325,000
|
| Economic factors: |
|
| Value added coefficient at domestic prices: |
0.55
|
| Value added coefficient at world prices: |
0.39
|
| Usage of indigenous raw materials: | .263 |
| Fixed assets per worker: |
P225,362
|
| Fixed assets per peso wage: |
30.83
|
| Fixed assets/value added at domestic prices: | 3.97 |
| Foreign exchange benefit-cost ratio: | 1.33 |
| Foreign exchange benefit/imported raw materials: |
2.69
|
| Discounted rate of return on foreign exchange investment: |
17.0%
|
Enclosed, for your reference is a copy of our proposed Addenda to the Fifth Investment Priorities Plan and the Third Export Priorities Plan which we submitted to your office last November.
Very truly yours,
(Sgd.) VICENTE T. PATERNO Chairman
REPUBLIC OF THE PHILIPPINESOffice of the PresidentBOARD OF INVESTMENTSOrtigas Bldg., Ortigas Ave.,Pasig, Rizal
MEMORANDUM —
| TO | : The NEDA Board |
| THROUGH | : The Director General |
| FROM | : Vicente T. Paterno |
| DATE | : February 8, 1973 |
| SUBJECT | : Garments for Exports |
---------------------------------------
We have earlier recommended the inclusion of garments under, List B of the Fourth EPP which is now under review by the NEDA before submission to the President. By provision of law, the Fourth EPP will become effective by May 1973.
Garments has been singled out as an export area for development and special assistance in the current export drive. It is a labor-intensive industry with a relatively short gestation period and with significantly great potential in developed markets.
The advantages inherent to establishing garment plants in the Philippines seem to have been realized by many foreign investors and they have come to seek assistance from the Board of Investments to facilitate preparations leading to an early start-up of operations. These investors have decided to base their operations in the Philippines since the incentives they would enjoy would give them competitive advantage over other garment exporters. Their entry would mean substantial foreign capital inflow and they would bring with them new technical know-how and marketing expertise which give assurance of outlets for total production.
The timetables of these new ventures do not allow them to wait until the Fourth EPP is approved. Two new garment ventures will be set up in the country within the next two months:
1. Gaty Clothing Pty. Limited (foreign partner) —
General Textile Mills
2. Shuen Mei Trading Co., Lt. (foreign partner) —
La Sampaguita, Inc.
3. G.S. Mañalac, Inc.
Another three new garment ventures will be set up within the year:
1. Far Eastern Textiles Ltd. (Taipei) (Foreign partner) —
Amon Trading Corporation
2. Diversified Corporate Industries (foreign investor)
3. Genesco, Inc. (foreign partner) —
Integrated Shoe, Inc.
The sooner these projects start operating and exporting their production, the sooner will they generate badly needed foreign exchange and open up employment opportunities for Filipino labor. cdt
In the light of these, we are therefore requesting that garments be considered as part of the Addenda to the Third EPP rather than as part of the Fourth EPP. Attached are the economic data for this industry.
(SGD.) VICENTE T. PATERNO Chairman
GARMENTS
ECONOMIC DATA
| Status | : Non-Pioneer | ||
| MC (Export) | : Variable | ||
| Condition | : At least 70% of total production must be | ||
| exported. | |||
| Annual capacity of recommended economic-size plant: 24,000 | |||
| dozens ladies' lingerie or 41,250 | |||
| dozens children's | |||
| clothes (25 sewing machines) | |||
| Total project cost | : P1,255,000 | ||
| Capital requirement | : P 331,000 | ||
| Others | : 924,000 | ||
| Value of Output | : P4,992,000 | ||
| Labor Generation | |||
| Total | |||
| Number | : 128 | ||
| Salary | : P473,000 | ||
| Skilled | |||
| Number | : 25 | ||
| Salary | : P144,000 | ||
| Semi-Skilled | |||
| Number | : 92 | ||
| Salary | : P302,000 | ||
| Unskilled | |||
| Number | : 11 | ||
| Salary | : P27,000 | ||
| Value Added Coefficient | |||
| at domestic prices | : .62 | ||
| at world prices | : .62 | ||
| Usage of indigenous raw materials | : highly indigenous | ||
| Ratio of direct labor to total labor | : .67 | ||
| Total fixed assets per worker | : P2,585 | ||
| Imported fixed assets per worker | : $128 | ||
| Foreign exchange benefit-cost ratio | : 231.00 |
Attachment A
DESCRIPTION OF PRODUCTS
INVESTMENT PRIORITIES PLAN
ROCK AGGREGATES
Rock aggregates are crushed gravel graded into desired sizes varying from one-fourth to one-half inch. They are generally used in the construction of roads, buildings, piers, bridges and other concrete products such as hollow blocks and pipes. Crushed, graded and washed aggregates differ in quality from the ordinary gravel taken directly from river beds by the "salandra" method. casia
Rock aggregates was included in the First and Second Investment Priorities Plans with a non-pioneer status and a measured capacity of 4,000,000 metric tons. The declared measured capacity has been filled up by four firms with plant sites in Bulacan, Rizal and Quezon.
The proposed measured capacity for 507,000 cubic meters would be applicable to the Cebu island only where there is presently no existing producer of rock aggregates.
AUTOMOTIVE ENGINE BLOCK (WITH CYLINDER HEAD)
The engine block is that part of the automotive engine which forms the structure to which all other part are attached. Generally, it is made of cast iron but some smaller engines are now made of aluminum alloys. The engine block itself is composed of the cylinder block, cylinder head, manifolds, and the oil pan which are bolted together to form a single structure.
The basic use of the engine block is to provide space for the conversion of chemical energy of the fuel into mechanical energy, to allow for the removal of the products of combustion, and to hold in place the mechanical parts which transmit the power developed inside the cylinder to the external part of the engine, form which end the load is connected.
All automotive engine blocks are presently imported. They come in either as spare parts for worn-out engines or as part of a completely assembled new engine. casia
ELECTRIC MOTORS FOR AUTOMOTIVE USE
There are three types of electric motors for automotive use: starter motor, wiper motor and alternator/generator.
A starter motor is a DC motor used for turning or starting the automotive engine until it fires and continues to turn under its own power. The starter motor consumes the largest amount of current in the electrical system of an automotive vehicle. Because of this requirement, it needs a heavy duty switch which is connected to the battery by a thick heavy cable.
A wiper motor is a DC motor used to turn the windshield wiper blades. The wiper blades are connected to the wiper motor through linkages.
An alternator/generator is an electrical device used in automotive vehicles to produce current for their electrical system. This may be either a generator which produces direct current or an alternator which produces alternating current. In the case of an alternator, the alternating current is converted to direct current through the use of diodes or rectifiers which are built into the alternator. aisa dc
Electric motors for automotive use are presently imported, either as part of the CKD packs of automotive vehicles or as spare parts.
AUTOMOTIVE GAUGES AND INSTRUMENTS
Automotive gauges and instruments are devices used in cars, trucks, motorcycles and practically all land vehicles operated by prime movers for the purpose of either indicating, recording, or measuring various parameters related to the operation of the vehicle. Among the most commonly used gauges and instruments are the following:
a) Ammeter — this indicates or measures the amount of current received or delivered by the storage battery.
b) Pressure gauge — this indicates or measures the oil pressure in the moving parts internal to the engine.
c) Temperature gauge — this measures the temperature inside the engine and/or indicate whether the engine is hot or cold.
d) Speedometer — this indicates the speed of the vehicle either in kilometers per hour or miles per hour and records the total distance travelled.
e) Tachometer — This indicates the engine speed in revolutions per minute.
In the absence of any local manufacturer of automotive gauges and instruments, all of these are presently imported either as spare parts or as part of the CKD pack for new vehicles. cdt
VEHICLE SHOCK ABSORBER
A shock absorber is an automotive component which forms part of the suspension system in order to effect a smoother and safer ride. Although there are many variations in the design and type of shock absorbers, it is basically composed of a cylinder, a piston and a valve mechanism which restricts the movement of a fluid confined within the cylinder. Shock absorbers are normally used in practically all types of road vehicles. The investment are being proposed for inclusion in the IPP would cover shock absorbers for cars, trucks and motorcycles.
The demand for shock absorbers is presently mainly supplied through importation either as part of CKD packs or as spare parts. There is one local manufacturer of shock absorbers but its production is very small and the quality of its present products is unacceptable to local assemblers. Its output goes mainly to the jeepney market where the operators are not very particular about quality of the shock absorbers used.
GUM ROSIN AND GUM TURPENTINE
Rosin is a solid resinous material that occurs naturally in the oleoresin of pine and other coniferous trees. Gum rosin, also known as colophony, is the host residue drawn off from a distillation still after processing the oleoresin. There are three major sources of gum rosin, namely: the oleoresin exudate of the living pine tree, the oleoresin contained in the aged stump of the pine tree, and the tall oil rosin produced as a by-product in kraft paper production.
Gum turpentine is a by-product in the production of gum rosin. It is the distillate from the steam distillation of oleoresin from the exudate of the living pine. Gum turpentine is the highest quality turpentine and has a pleasant odor. In the Philippines, there are two possible sources of gum rosin and gum turpentine: the Benguet pine tree and the Mindoro pine tree.
Gum rosin, in its modified and unmodified forms has a variety of uses. It is used for protective coatings, adhesives, lacquers, plastics, printer's ink and linoleum. Gum turpentine is used as a solvent for paints and varnishes. casia
GLASS CONTAINERS
Glass containers include bottles for beverages, food products, drugs, pharmaceuticals, cosmetics and chemicals. This area was listed in the First IPP with a non-pioneer status and a measured capacity of 95,000 M.T. (90,000 M.T. for local and 5,000 M.T. for export). This has since been filled up with the registration of five glass plants.
The existing glass plants, however, can no longer supply the demand for glass containers which has subsequently increased and the gap is being filled through importation. By 1975, demand for glass containers is expected to be 315,200 M.T., while the capacity of the existing and proposed firms would amount to only 202,450 M.T., leaving a gap of 112,750 M.T.
TEXTILES
Woven fabrics are the products of the spinning, weaving and finishing of natural and man-made fibers used essentially for clothing. They are also used for draperies, mosquito nets, weddings, paddings, surgical and clinical gauzes, etc.
Woven fabrics may be unbleached, scoured, bleached, dyed, printed, mercerized, napped, etc. The designs may also be produced by additional warp or weft threads introduced during weaving.
Cotton has been the major raw material for fabrics. Man-made fibers like rayon, nylon, polyester, acrylics etc. have, however, been developed as substitutes or for blending with cotton to improve the quality of fabrics (to add strength, resistance to creases, stains, mildew light, etc.) cd i
EXPORT PRIORITIES PLAN — LIST B
MOTOR VEHICLES TRANSMISSION
The motor vehicle transmission is the link between the engine and the wheels. The transmission is coupled to the engine through the clutch plate mounted on the clutch gear. Torque to drive the wheels is transmitted by meshing of gears with predetermined gear ratio that determines the speed of the vehicle for a given engine speed (rpm). These gears are linked to the propeller shaft which in turn drives the differential gears that cause rotation of the vehicle's wheels. Speed change is effected by shifting of gears meshed to the drive gear. This shifting is effected by a mechanical means (a shift lever) or by fluid pressure (as in automatic transmission). The proposed product is the non-automatic type. acd
There is at present no local manufacturer of motor vehicle transmission. It comes in as part of CKD packs.casia
Attachment B
STATISTICAL TABLES
ADDENDUM TO TABLE 27OF THE FIFTH INVESTMENT PRIORITIES PLANDEMAND-SUPPLY GAP AND ANNUAL CAPACITY OF THE RECOMMENDED ECONOMIC-SIZE PLANT
(in thousands)
|
|
Demand
|
Projected
|
Existing
|
|
Measured Capacity
|
Annual
|
|
|
Name of
|
Projection
|
Demand
|
Capacity
|
Total
|
Local
|
Export
|
Capacity of the
|
|
Product
|
Year
|
|
|
|
|
|
Recommended
|
|
|
|
|
|
|
|
|
Economic Size
|
|
Plant
|
|||||||
| Flashlight | 1974 | 3,056 units | — | 3,056 units | 1,656 units | 1,400 units | 1,200 units |
| Magnetic starter | 1974 | 76 units | — | 76 units | 36 units | 40 units | 34 units |
| Rock aggregates | 1975 | 507 cu. m. | — | 507 cu. m. | 507 cu. m. | — | 390 cu.m. |
| Automotive | |||||||
| engine block | 1975 | — | Variable | 58.8 units | Variable | 12.2 units | |
| (with cylinder head) | |||||||
| Electric motors for 1974 | Variable | — | Variable | 65 units | Variable | 20 units | |
| automotive use | |||||||
| Automotive gauges | |||||||
| and | 1974 | Variable | — | Variable | 56 units | Variable | 30 units |
| instruments | |||||||
| Vehicle shock | |||||||
| absorber | 1974 | Variable | — | Variable | 600 units | Variable | 200 units |
| Gum rosin and | |||||||
| gum | 1975 | Variable | — | Variable | 8 M.T. | Variable | 6.5 M.T. |
| turpentine | |||||||
| Glass containers | 1975 | 315 M. T. | 202 M.T. | 113 M.T. | 113 M.T. — | 28 M.T. | |
| Textiles | 1975 | Variable | 625,000 sq. | Variable | 115,400 | Variable | 2,762 sq. |
| yds. | sq. yds | yds. | |||||
| (10,000 | |||||||
| spindles and | |||||||
| 245 looms at | |||||||
| 92% | |||||||
| efficiency |
ADDENDUM TO TABLE 28OF THEFIFTH INVESTMENT PRIORITIES PLANRECOMMENDED ECONOMIC-SIZE PLANT BY INVESTMENT REQUIREMENT AND VALUE OF OUTPUT(in thousand pesos)
|
|
|
|
Investment Requirements
|
|
|
Name of Product
|
|
Capital
|
Value of
|
|
|
|
Total
|
Equipment
|
Other
|
Output
|
| Rock aggregates |
3,872
|
3,151
|
721
|
3,770
|
| Automotive engine block (with cylinder head) |
51,278
|
40,679
|
10,599
|
52,654
|
| Electric motors for automotive use |
3,906
|
1,410
|
2,496
|
8,200
|
| Automotive gauges and instruments |
4,025
|
2,825
|
1,200
|
6,000
|
| Vehicle shock absorber |
4,570
|
2,620
|
1,950
|
5,000
|
| Gum rosin and gum turpentine |
4,548
|
4,008
|
540
|
14,538
|
| Glass containers |
36,894
|
28,697
|
8,197
|
23,849
|
| Textiles |
36,952
|
31,298
|
5,654
|
25,779
|
ADDENDUM TO TABLE 29OF THEFIFTH INVESTMENT PRIORITIES PLANLABOR REQUIREMENT OF ECONOMIC-SIZE PLANTBY LEVEL OF SKILL
|
Name of Product
|
|
Total
|
|
Sup. and Skilled
|
|
Semi-Skilled
|
|
Unskilled
|
|
|
Number
|
Salary ( in
|
Number
|
Salary (in
|
Number
|
Salary (in
|
Number
|
Salary (in
|
|
|
|
thousand P)
|
|
thousand P)
|
|
thousand P)
|
|
thousand P)
|
| Rock aggregates |
178
|
934
|
82
|
559
|
56
|
219
|
40
|
156
|
| Automotive engine |
|
|
|
|
|
|
|
|
| block |
525
|
2,850
|
381
|
2,284
|
64
|
220
|
80
|
346
|
| with cylinder head) |
|
|
|
|
|
|
|
|
| Electric motors for |
71
|
438
|
55
|
379
|
10
|
42
|
6
|
17
|
| automotive use |
|
|
|
|
|
|
|
|
| Automotive gauges and |
82
|
846
|
62
|
756
|
10
|
55
|
10
|
35
|
| instruments |
|
|
|
|
|
|
|
|
| Vehicle shock absorber |
193
|
1,643
|
138
|
1,380
|
30
|
173
|
25
|
90
|
| Gum rosin and gum |
46
|
194
|
10
|
93
|
9
|
30
|
27
|
71
|
| turpentine |
|
|
|
|
|
|
|
|
| Glass containers |
176
|
843
|
100
|
528
|
42
|
179
|
34
|
136
|
| Textiles |
541
|
233
|
464
|
2,098
|
15
|
63
|
62
|
178
|
ADDENDUM TO TABLE 30OF THEFIFTH INVESTMENT PRIORITIES PLANECONOMIC FACTORS
|
Name of Product
|
Value
|
Value
|
Usage of
|
Fixed
|
Fixed
|
Fixed
|
Foreign
|
Foreign
|
Discount
|
|
|
Added
|
Added
|
Indigenous
|
Assets
|
Assets
|
Assets/ Exchange
|
Exchange
|
Rate of
|
|
|
|
Coefficient
|
Coefficient
|
Materials
|
Raw
|
Per
|
Per
|
Value
|
Benefit
|
Benefit/Return on
|
|
|
At
|
At World
|
(%)
|
Worker
|
Peso
|
Added
|
Cost
|
Imported
|
Foreign
|
|
|
Domestic
|
Prices
|
|
Wage At
|
Ratio
|
Raw
|
Exchange
|
|
|
|
|
Prices
|
Prices
|
|
Domestic
|
Materials
|
Investment
|
|
|
|
| Rock | |||||||||
| Aggregates |
.82
|
.82
|
h.i.
|
17,702
|
3.37
|
1.01
|
non-traded
|
|
|
|
good
|
|
|
|
|
|
|
|
|
|
| Automotive |
|
|
|
|
|
|
|
|
|
| engine block |
.36
|
.62
|
.24
|
77,484
|
14.27
|
2.14
|
2.77
|
4.63
|
44
|
| (with cylinder head) |
|
|
|
|
|
|
|
|
|
| Electric motors |
|
|
|
|
|
|
|
|
|
| for |
.38
|
.38
|
.38
|
19,859
|
3.22
|
0.45
|
1.73
|
3.08
|
over 150
|
| automotive use |
|
|
|
|
|
|
|
|
|
| Automotive |
|
|
|
|
|
|
|
|
|
| gauges and |
.42
|
.33
|
.49
|
34,449
|
3.34
|
1.13
|
2.89
|
3.21
|
over 150
|
| instruments |
|
|
|
|
|
|
|
|
|
| Vehicle |
|
|
|
|
|
|
|
|
|
| shock |
|
|
|
|
|
|
|
|
|
| absorber |
.35
|
.44
|
.08
|
13,575
|
1.59
|
0.76
|
1.80
|
1.94
|
140
|
| Gum rosin |
|
|
|
|
|
|
|
|
|
| and gum |
.32
|
.24
|
h.i.
|
87,139
|
20.70
|
0.86
|
40.68
|
n.i.
|
over 150
|
| turpentine |
|
|
|
|
|
|
|
|
|
| Glass |
|
|
|
|
|
|
|
|
|
| containers |
.74
|
.77
|
.24
|
163, 051
|
34.04
|
1.53
|
5.17
|
8.83
|
116
|
| Textiles |
.63
|
.60
|
.23
|
57,800
|
13.38
|
1.84
|
1.73
|
5.44
|
60
|
h.i. = highly indigenous
n.i. = negligible imports cd i
ADDENDUM TO TABLE 31OF THE FIFTH INVESTMENT PRIORITIES PLAN LINKAGE EFFECTS
| Name of Product |
Index of Dispersion
|
Index of Sensitivity
|
| Rock Aggregates |
0.71 - 0.80
|
0.71 - 0.80
|
| Automotive engine |
1.11 - 1.20
|
1.01 - 1.20
|
| block (with cylinder head) |
|
|
| Electric motors for |
1.11 - 1.20
|
1.01 - 1.20
|
| automotive use |
|
|
| Automotive gauges |
1.11 - 1.20
|
1.01 - 1.20
|
| and instruments |
|
|
| Vehicle shock absorber |
1.11 - 1.20
|
1.01 - 1.20
|
| Gum rosin and gum |
1.31 - 1.40
|
1.01 - 1.20
|
| turpentine |
|
|
| Glass containers |
0.91 - 1.00
|
1.21 - 1.40
|
| Textiles |
1.01 - 1.10
|
2.41 - 3.20
|
ADDENDUM TO TABLE 32OF THETHIRD EXPORT PRIORITIES PLAN DEMAND-SUPPLY GAP AND ANNUAL CAPACITY OF THE RECOMMENDED ECONOMIC-SIZE PLANT (in thousands)
|
Name of Export Product
|
MC for Export
|
Annual Capacity of the Recommended
|
|
|
|
Economic-Size Plant
|
|
Motor vehicle transmission
|
Variable
|
72 units
|
ADDENDUM TO TABLE 33OF THETHIRD EXPORT PRIORITIES PLANRECOMMENDED ECONOMIC-SIZE PLANT BY INVESTMENTREQUIREMENT AND VALUE OF OUTPUT(in thousand pesos)
| Investment Requirements | ||||
| Name of Product | Total | Capital Equipment | Others | Value of Output |
| Motor vehicle transmission | 115,786 | 98,793 | 16,993 | 74,565 |
ADDENDUM TO TABLE 34
OF THE
THIRD EXPORT PRIORITIES PLAN
LABOR REQUIREMENT OF RECOMMENDED ECONOMIC-SIZE PLANT BY LEVEL OF SKILL
|
Name of Product
|
|
Total
|
|
Sup. and Skilled
|
Semi-Skilled
|
Unskilled
|
||
|
|
Number
|
Salary ( in
|
Number
|
Salary (in
|
Number
|
Salary (in
|
Number
|
Salary (in
|
|
|
|
thousand P)
|
|
thousand P)
|
|
thousand P)
|
|
thousand P)
|
| Motor vehicle | ||||||||
| transmission |
566
|
4,601
|
509
|
4,393
|
24
|
109
|
33
|
99
|
ADDENDUM TO TABLE 35OF THETHIRD EXPORT PRIORITIES PLAN ECONOMIC FACTORS
|
Name of Product
|
Usage of Direct
|
Usage of Indigenous
|
Value Added
|
Foreign Exchange
|
|
|
Labor
|
Raw Materials
|
Coefficient
|
Benefit-Cost Ratio
|
| Motor vehicle | ||||
| transmission | .3712 | .19 | .72 | 2.29 |