Sulong Pasay, a newly formed non-government organization composed of some of the most prominent and civic leaders in the country, will be launched on Friday (May 4). Mayor Emi Calixto-Rubiano said the new organization was formed to sustain the progress of Pasay City while giving voice to ordinary p
Rotating blackouts may last until June 7 as Luzon power supply remains thin – NGCP
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Metro Manila (CNN Philippines, June 1) Rotating blackouts may persist until Monday, June 7, as power supply for Luzon remains limited, even falling into deficit levels at certain times compared to demand from industries and households, according to the National Grid Corporation of the Philippines.
Parts of Metro Manila and provinces in Luzon have been experiencing power interruptions since Monday as the Luzon grid was placed on red alert because there s not enough supply to meet electricity consumption. Ang outlook ay hanggang a-siyete dahil we would expect na yung mga nawalang malaking planta could come in. they could normalize by June 8
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.