Tourism seen savior of troubled firms

BAGUIO CITY – Semiconductor giant Texas Instruments Philippines Inc. (Tipi) may be losing because of the recession in the United States, but it may yet find a new lease on life – as a tourist destination.

The city council is studying a proposed resolution to open up the Baguio City Economic Zone, where Tipi and other factories operate, to industrial tourism in light of a crisis that is hurting its top manufacturers.

Tipi was the first American-led firm here to lay off employees when US officials acknowledged the recession last year.

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