STATE ASSISTANCE to the automotive industry should be prioritized as it has the highest multiplier effect in generating jobs, an economist said yesterday.
Cid L. Terosa of the University of Asia and the Pacific on Friday presented a study which claimed that the car industry, currently employing about 170,000 individuals, has the highest job generation multiplier effect in the manufacturing industry.
The study, tapping data from the National Statistics Office, was presented at the 2nd Philippine Automotive Manufacturing Summit organized by the Philippine Automotive Competitiveness Council, Inc.
Air transport and paper manufacturing followed the auto industry in generating jobs.
Mr. Terosa said the recent study was done in two to three months.
One possible state assistance, Mr. Terosa said, is increasing the tariff for completely built units.
“If the tariff is increased we can make the local industry more competitive. We also have to watch the importation,” he said.
For his part, Roberto Cruz of the Automotive Body Manufacturers Association of the Philippines told reporters in an interview at the sidelines of the event that the industry should produce a minimum of 150,000 units of higher-value products such as steering systems, suspension and breaks to realize the job multiplier effect.
The industry currently manufactures 70,000 units of the higher-value products. — E. N. J. David, Businessworld
World Day for Safety and Health at Work
“Safety and health at work every day!”
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 #TakePicturesVideos
Monthly Observances:
March – Women’s Role in History Month
April – Month of Planet Earth
Weekly Observances:
Last Week of March: Protection and Gender Fair Treatment of the Girl Child Week
Last Week of April – World Immunization Week
Daily Observances:
Mar 25 – International Day of Remembrance of the Victims of Slavery and the Transallantic Slave Trade
Mar 27– Earth Hour
Apr 21 – Civil Service Day
Apr 22 – World Earth Day
Apr 28 – World Day for Safety and Health at Work
