The closure of San Jia Steel Corporation is a national embarrassment, given that the government itself invited the 800-million-peso investment.
This was asserted by geopolitical analyst Herman Tiu Laurel, who accused Department of National Defense Secretary Gibo Teodoro of allegedly abusing his power by halting the company’s operations in Misamis Oriental.
Laurel criticized the move because over 300 Filipino workers lost their livelihoods amid the controversy.
The expert clarified that this situation could send a negative signal to foreign investors while the country continues to grapple with an unemployment crisis.
