Exporters want the incoming administration to put in place an annual export fund and amend the mandate of the Philippine central bank to help the sector.
In a statement, Sergio Ortiz-Luis Jr., Philippine Exporters Confederation Inc. president, said an Export Support Fund (ESF) “under the new administration could be tacked into the yearly regular budget of the Department of Trade and Industry [DTI] to cover specific programs and projects of the EDC [Export Development Council] for export promotions and development.”
The current ESF is a one-time fund allotted by the Arroyo administration two years ago in a bid to aid exporters amid the global financial crisis.
“The institutionalized ESF would be the resource that will regularly fuel the implementation of the Philippine Export Development Plan that EDC, DTI and the private sector prepare every three years,” Ortiz-Luis said.
Also, Ortiz-Luis said the next administration should tweak the mandate of the Bangko Sentral ng Pilipinas so that it would “make the exchange rate policy a weapon in speeding up and sustaining economic growth and development, not just a tool at reining in inflation.”
Small exporters, who mostly use indigenous materials, have complained about the recent strength of the peso against the US dollar.
Ortiz-Luis said the next President should also find ways to reduce the high cost of power and of domestic shipping and port handling.
He said the new government should also get rid of the “hidden costs” paid for when applying for business permits.
In their ‘Doing Business 2010″ report, the World Bank and the International Finance Corp. said the Philippine ranking in terms of ease of doing business fell three notches to 144th spot from 141st the previous year.
The Philippines lagged behind Thailand, which ranked 12th; Malaysia, 23rd; Vietnam, 93rd; Indonesia, 122nd; and Singapore, 1st.
The Philippines scored low in terms of starting a business, closing a business, paying taxes, protecting investors, getting credit, enforcing contracts, employing workers, dealing with construction payments, and registering property. –BEN ARNOLD O. DE VERA Reporter, Manila Times
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!
#WearMask #WashHands
#Report Corruption #SearchPosts #TakePicturesVideos
September –
5 Sept – Intl Day of Charity
7 Sept – Intl Day of Clean Air for Blue Skies
8 Sept – International Literacy Day
12 Sept – United Nations Day for South-South Cooperation
15 Sept – International Day of Democracy
16 Sept – International Day for the Preservation of the Ozone Layer
17 Sept – World Patient Safety Day
18 Sept – International Equal Pay Day
21 Sept – International Day of Peace
26 Sept – International Day for the Total Elimination of Nuclear Weapons
27 Sept – World Tourism Day
28 Sept – International Day for Universal Access to Information
29 Sept – International Day of Awareness of Food Loss and Waste
30 Sept – World Maritime Day
Monthly Observances:
Health, Safety and Sanitation Month
National Clean-up Month
Civil Service Month
National Peace Consciousness Month
Social Security Month
Rule of Law Month
National Teachers’ Month (Sept 5-Oct 4)
Weekly Observances:
Sept 17 – 23:
World Clean and Green Week
Week 2: Education Week
Week 4: Medicine Week
Last Week: National Family Week
Daily Observances:
Third Saturday:
International Coastal Clean-up Day
Third Monday: World Health Day
Last Friday: National Maritime Day
Sept 8: National Literacy Day
Sept 15: Philippine Medicine Day
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