The Department of Trade and Industry (DTI) vowed it will implement ways to support industries specifically the automotive industry in light of the slowdown in the global demand.
“We will study the current situation. What we would like is to prevent layoffs and to possibly save jobs,” DTI Undersecretary Elmer C. Hernandez said in an interview.
According to Hernandez, the help would come in the form of both fiscal and non-fiscal incentives.
Last year, the Chamber of Automotive Manufacturers of the Philippines Inc. (CAMPI) called on the government to give the public specific measures on how the country will deal with the economic slowdown as a result of the crisis that has sent a number of rich nations into recession.
“The government still has not made any substantial statement,” Melchor R. Dizon, CAMPI vice president said.
According to Dizon, it is time for the government to assure the public that it is working in order to cushion the country against the global financial crisis especially since experts have predicted a slower 2009 for the Philippines.
Dizon said businesses are very concerned that is why the government must take a position on the country’s economic fundamentals and implement sound policies.
“It is now a confidence problem,” he explained further.
Dizon said the government can work on keeping business confidence especially since the country has been somewhat insulated given the healthy banking industry.
In spite of this, CAMPI has predicted a growth of two to four percent for the auto industry.–Ma. Elisa P. Osorio, Philippine Star
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
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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