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to decide to manufacture electric vehicle transmission in the Philippines, improvements are essential in a few areas: skills development, ability to source the lightweight alloy casings and key electronic components (for example, hydrostatic brake actuators, speed sensors, and oil cooler and electric oil pumps), research and development competencies in composites, lithium-ion battery technology, and a move from one-speed transmissions to two-speed transmissions. Such improvements would help to place the Philippines on the radar of electric vehicle companies and suppliers. 4. The design and sale of semiconductors while outsourcing their fabrication. 5. A vertical BPO domain provides various functional services in a limited number of industry domains. health care, financial services, manufacturing, and retail are examples of vertical

BPO domains. 6. See www.pwc.com/pharma2020. 7. united laboratories, a Filipino company, is the largest pharmaceutical company in

Southeast Asia. It sets up local factories to supply different markets directly.

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