Major stakeholders in the maritime industry, with backing from top business groups, have united in asking President Ferdinand “Bongbong” R. Marcos Jr. to immediately revoke a Philippine Ports Authority (PPA) order.
order imposing an additional container monitoring system in the current ports operations. Implementation of the order will “result in an almost 50 percent increase in the logistics cost of imported goods,” according to them.PPA Administrative Order No. 04-2021The stakeholders warned that the Trusted Operator Program-Container Registry Monitoring System and Empty Container Storage Shared Service Facility may “end up derailing the administration’s economic recovery efforts.
“The PPA fails to consider that the ultimate victims of these additional costs is the ordinary Filipino consumer, who is already bleeding from an inflation rate of 8.1 percent,” the group told the President. In 2014, the stakeholders recalled, “the lack of rigorous analysis of policy options and lack of proper coordination with stakeholders resulted in disastrous port congestion with an economic cost of at least P43.8 billion.”
Among the major business alliances who signed the open letter were Philippine Chamber of Commerce and Industry Inc. President George T. Barcelon, Federation of Filipino-Chinese Chambers of Commerce and Industry Inc., President Dr. Henry Lim Bon Liong and Philippine Exporters Confederation Inc. .
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Maritime stakeholders ask Marcos to revoke PPA orderMajor maritime stakeholders have asked President Ferdinand “Bongbong” Marcos Jr. to immediately revoke an order from the Philippine Ports Authority (PPA) imposing an additional container monitoring system in current port operations.
Read more »
Marcos: Allow e-visas for Chinese, Indian, SoKor, Japanese visitorsPresident Ferdinand Marcos Jr. has ordered the expansion of the electronic visa program to include Chinese, Indian, South Korean and Japanese nationals in order “to capture the tourism markets of these countries,” Malacañang said. | NCorralesINQ /PDI
Read more »
US shuts down major global ransomware group HiveThe US Justice Department announced Thursday it had shut down the Hive ransomware operation, which had extorted more than $100 million from more than 1,500 victims worldwide.
Read more »
Marcos commits to certify E-Governance Act as urgent, says councilPRESIDENT Ferdinand 'Bongbong' Marcos Jr. has committed to certify as urgent the proposed E-Governance law to drive the country's digital transformation, the Private Sector Advisory Council (PSAC) said Wednesday. Read more:
Read more »
Dangling and spaghetti wires in 2 major Mandaue streets cleared; A.S. Fortuna nextMANDAUE CITY, Cebu — About two major streets in Mandaue City have been cleared of dangling and spaghetti wires. Architect Florentino Nimor, assistant city administrator, said that cable
Read more »
Hontiveros hopes Marcos will stop compromising West PH Sea with ChinaSenator Risa Hontiveros is hoping that President Ferdinand Marcos Jr. will stop compromising the West Philippine Sea with China. She pointed out that the West Philippine Sea is a territory of Manila. Hence, there should be no compromise. | DFernandezINQ
Read more »