To develop local supply chain, create more jobs
American businessmen want the government to come up with a national automotive policy that puts focus on assembly and auto parts manufacturing because that would develop the local supply chain that would create more jobs in the country.
Robert Sears, executive director of the American Chamber of Commerce of the Philippines, told reporters in a press conference that government should decide which automotive activity would generate more jobs – developing the local auto supply chain or importation or trading of completely built-up units.
Sears raised this point in light of the ongoing discussion among industry players and the Board of Investments on the crafting of the implementing rules and regulations of the new Motor Vehicle Development Program (MVDP) under Executive Order 877-A.
He cited that local supply chain whether in the assembly of cars or auto parts manufacturing will generate more employment opportunities than plain automotive trading or CBU imports. “I would lean towards job creation, forget who the players are but what should the national policy be. Is it supply chain development or imports?” Sears said.
Sears said that the Philippines will always be at a competitive disadvantage because of market size compared to the huge markets in Thailand and Indonesia and the high cost logistics cost in an archipelagic country.
That is why, he said, there is still the need for fiscal incentives because the playing field is not level.
“I am a firm believer in fiscal incentives. You don’t lose revenues because you gain something in return. We are not competitive in wages and electricity rates, so how can we compensate for that? So, why not give incentives,” he said.
He, however, said that even if government should prioritize the granting of incentives to local supply chain manufacturing sector, there is still room for CBU traders because not all vehicle models could be assembled locally. –BERNIE CAHILES-MAGKILAT, Manila Bulletin
September 18 –
International Equal Pay Day
“Increase wages now,
more than other cost items.
For widespread, practical equality!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the recommendations of the 2021 ILO Commission of Inquiry
against serious violations of protocols of
Forced Labour and Freedom of Association.
Accept the National Unity Government (NUG)
of Myanmar. Reject Military!
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October –
Monthly Observances:
Industry and Commerce Safety Month
National Statistics Month
Local Government Month
Consumer Welfare Month
Cooperative Month
National Quality and Productivity Improvement Month
National Health and Wellness Tourism Month
National Indigenous Peoples Month
Weekly Observances:
Week 1: Elderly Filipino Week
Week 2: National Health Education Week
Local Government Week
National Mental Health Week
October 17-23:
National Week for Overcoming Extreme Poverty
October 18 – 24:
United Nations Week
Last Week:
Nurses’ Week
Consumers’ Protection Week
Week of the 4th Sunday:
Barrio Farmers’ Week
Daily Observances:
First Monday (Oct 4): Universal Children’s Day i
n the Philippines
Oct 5: National Teachers’ Day
Oct 10: Local Government Day
Third Thursday (Oct 14): Conflict Resolution Day
Oct 21: Tenants’ Emancipation day
Oct 24: United Nations Day
Oct 29: National Indigenous People’s Thanksgiving Day
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