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the defense ministry said it was assisting law enforcement agencies in cracking down on groups producing low-quality steel, describing it as an act of "economic sabotage and subversion".

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the ministry of national defense cracks down on "economic sabotage", and yang is the first to bear the brunt

[philippine news] the department of national defense said it is assisting law enforcement agencies in cracking down on groups that produce inferior steel, calling it an act of "economic sabotage and subversion."

“we have been helping our law enforcement agencies root out some of the acts of economic sabotage and subversion that are the actions of a syndicate whose purpose is to prey on filipinos and possibly strategically weaken them,” defense secretary teodoro said on wednesday. the economic structure of our country.”

he cited the example of the family of former presidential economic adviser yang, whose brother he said was engaged in "secret steel manufacturing" in the country. "what we know is that his business and more than a dozen other businesses received equipment from china for free. the equipment had unproven availability, was poorly technical and dirty, and was used to produce substandard steel," he said.

he said that through these equipment, the local steel market is being flooded with "cheap, dirty, substandard steel", which is "not conducive to any sincere investors to establish real steel plants in the country", and steel plants are vital to the maritime and power industries.

he further questioned: "what would happen to our maritime industry without the steel industry? what would happen to the durability of wheels, especially for military use?"

teodoro also said that incentives and facilities must be provided to the country's steel industry to promote its development: "because without it, then our dependence on imported steel, coupled with unfair economic operators in this country or the presence of other criminal economic operators will only continue to increase and will not allow all sustainable and high-end investments to generate positive value."