TUCP seeks changes in econ policies

Published by rudy Date posted on May 7, 2010

TRADE Union Congress of the Philippines (TUCP) has urged the government to seize the opportunities brought about by fresh cooperation forged by economically-thriving Association of South East Asian Nations (Asean) sub-region and the countries of Japan and China even as the world recovers from the effects of the global financial crisis last year.

“As I see it, we really have to further solidify our ties through the Asean with our giant neighbors — Japan and China. Presently, Japan is the world’s second largest economy and China poses to dislodge Japan. Whichever, Asean will have the second and third largest trading partners with vast markets,” Anthony B. Sasin said.

In line with its economic position, TUCP wants government agencies such as the National Economic and Development Authority (Neda), Monetary Board and the Department of Finance to study and consider changing the present policies of pegging the value of the country’s currency with the US dollar.

“I don’t see anymore the long-term viability of pegging the value of the Philippine peso to the US dollar because of the fact that the green buck had ceased to be a reliable storage of value. We cannot continue to rely on the erstwhile economic might of the US. The truth is glaring: the 21st century is the Asian century. It’s our time now — our own Pax Asiana, and we must claim it,” Sasin said.

The TUCP Party-list nominee suggested that the government must further open and liberalize the financial system and monetary interchangeability between and among Asean, Japanese and Chinese currencies for easier currency exchange and utilization and reduction of transaction costs. (CPM)

July 2025

Nutrition Month
“Give us much more than P50 increase
for proper nutrition!”

Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the 2021 ILO Commission of Inquiry recommendations
against serious violations of
Forced Labour and Freedom of Association protocols.

Accept National Unity Government (NUG)
of Myanmar.  Reject Military!

#WearMask #WashHands #Distancing #TakePicturesVideosturesVideos

Time to support & empower survivors. Time to spark a global conversation. Time for #GenerationEquality to #orangetheworld!

July


3 July – International Day of Cooperatives
3 Ju
ly – International Plastic Bag Free Day
 
5 July –
World Youth Skills Day 
7 July – Global Forgiveness Day
11 July – World Population Day 
17 July – World Day for
International Justice
28 July – World Nature Conservation Day
30 July – World Day against Trafficking in Persons 


Monthly Observances:

Schools Safety Month

Nutrition Month
National Disaster Consciousness Month

Weekly Observances:

Week 2: Cultural Communities Week
Micro, Small, and Medium Enterprise
Development Week
Week 3: National Science and
Technology Week
National Disability Prevention and
Rehabilitation Week
July 1-7:
National Culture Consciousness Week
July 13-19:
Philippines Business Week
Week ending last Saturday of July:
Arbor Week

 

Daily Observances:

First Saturday of July:
International Cooperative Day
in the Philippines

Categories

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.