On worsening supply chain, logistics constraints
Exporters are seeking “very urgent” government assistance to cope with worsening supply chain and logistics constraints, including lack of vessel space, soaring freight rates and container shortage, resulting in shipment delays and huge losses.
PH exporters seek help as supply chain constraints cause growing delays, losses sunstar.com.ph - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sunstar.com.ph Daily Mail and Mail on Sunday newspapers.
Published May 12, 2021, 5:00 AM
The leader of the Philippine exporters’ organization called on the government anew to reinvest in micro, small and medium enterprises (MSMEs), which represent 98% of total enterprises and are considered the backbone of the economy.
Philippine Exporters Confederation, Inc. (Philexport) president Sergio Ortiz-Luis, Jr. said in a recent e-forum that despite comprising the overwhelming majority of businesses and accounting for up to 65% of total employment and 30% of GDP, “the Philippine MSME sector is the most ‘under-banked’ sector in the whole of Asia.”
Philexport president Sergio Ortiz Luis Jr.
Ortiz-Luis decried that empowering MSMEs is still not taken seriously, with development programs, legislature and laws initiated over the years to assist small enterprises being mostly “token” efforts that have not “even scratched the surface” in terms of MSME development.
SunStar
+ May 10, 2021 A TOP official of the Philippine exporters’ organization has called on the government anew to reinvest in micro, small and medium enterprises (MSMEs), which represent 98 percent of total enterprises and are considered the backbone of the economy.
Sergio Ortiz-Luis, Jr., president of the Philippine Exporters Confederation Inc., said in a recent e-forum that despite comprising the overwhelming majority of businesses and accounting for up to 65 percent of total employment and 30 percent of gross domestic product, “the Philippine MSME sector is the most under-banked sector in the whole of Asia.”
Ortiz-Luis decried that empowering MSMEs is still not taken seriously, with development programs, legislature and laws initiated over the years to assist small enterprises being mostly “token efforts” that have not “even scratched the surface in terms of MSME development.”
SunStar
+ April 29, 2021 TO HELP ensure the effective administration of Covid-19 vaccines throughout the country, the International Chamber of Commerce Philippines (ICCP), Philippine Chamber of Commerce and Industry (PCCI), and the International Chamber of Commerce (ICC) are organizing a virtual meeting of experts and policymakers dubbed the Vaccine Summit: Equitable Distribution and Safety set Friday, April 30.
Amb. Francis Chua, founding chairman of ICCP and chairman emeritus of PCCI, said the summit will provide information on the status of the global distribution of the vaccines against Covid-19. We know how critical this vaccination program is to achieve herd immunity faster and hasten our socioeconomic recovery. This is why we have to make sure the inoculation programs of the government and the private sector will be effective, safe, and equitable, Chua said.