Major business groups in the Philippines expressed “relief” that the proposed container monitoring policy of the Philippine Ports Authority (PPA) remains on hold due to the many issues raised by stakeholders.
MAJOR business groups in the Philippines expressed “relief” that the proposed container monitoring policy of the Philippine Ports Authority remains on hold due to the many issues raised by stakeholders.
However, several port stakeholders—later backed by big business groups like Philexport and PCCI—argued that PPA’s good intentions are marred by objectionable provisions of the plan that will further bloat the already high logistics costs in the Philippines, now estimated over a quarter of total business costs, and one of the highest in the world.
PCCI President George T. Barcelon said this policy “will not provide any value added” and is inconsistent with the efforts to ease the flow and cost of doing business in the country. Along with high energy and logistics costs, Barcelon noted the country is “challenged” in attracting more investors because of the difficult regulatory processes that the private sector has to deal with.
“High shipping rates also worsen inflation,” Poe pointed out as she presided over the Senate panel’s inquiry. “In creating reforms to our maritime trade, it’s time to regulate excessive charges, all while supporting the growth of our shipping industry,” she said in mixed English and Filipino.
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