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DTI seeks passage of 3 bills to institutionalize MSME support – Manila Bulletin

DTI seeks passage of 3 bills to institutionalize MSME support – Manila Bulletin
mb.com.ph - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mb.com.ph Daily Mail and Mail on Sunday newspapers.

Business to heed gov t ECQ decision – Manila Bulletin

Published July 30, 2021, 4:07 PM Previously divided over calls for hard lockdown, the business sector now stand behind Malacanang decision to return to hard lockdown to avert the possibility of surge in Delta variant cases in the country. “Business is against lockdown because it is disruptive and harmful to the economy. But if the Department of Health finds it necessary due to unexpected surge of the delta variant then business will comply,” said the Philippine Chamber of Commerce and Industry in a statement. PCCI, however, said the biggest challenge is to regain the stalled momentum, sustain the recovery trajectory, keep the workers, and meet fixed operating expenses. 

DTI: 2-week lockdown means P30-B loss in wages, 1 8M jobless

Department of Trade and Industry Secretary Ramon M. Lopez (File photo / MANILA BULLETIN) Lopez explained these potential economic repercussions as President Duterte adopted the IATF recommendation to maintain the general community quarantine status with heightened restrictions, rejecting the advice of Presidential Adviser on Entrepreneurship Joey Concepcion and business leaders to reimpose a strict 2-week lockdown to avert further Delta variant transmission in the country. According to Lopez, those same percentage of closure and jobs displacement happened when the NCR  Plus was placed again on ECQ status in March this year from the GCQ status. “The economy cannot bear another massive lockdown, unless the situation really calls for it. We lose P30 billion in wages for two week lockdown.  Loss of jobs will worsen hunger situation. More micro small and medium enterprises will close down,” he said.

DTI approves 3-5% price hikes on basic goods

Published July 21, 2021, 1:21 PM Prices of basic necessities and prime commodities will increase by 3 to 5 percent or P0.75 centavos to P1 per can of sardines and canned meats, a situation that will likely worsen the country’s already elevated inflation level. In a television interview, DTI Secretary Ramon M. Lopez said the price increases in basic goods, which will be issued via the new suggested retail prices (SRPs), will be the first adjustment in two years or since the last SRP was issued on September 30, 2019. Trade and Industry Secretary Ramon M. Lopez The new SRP will be published prior to their effectivity, said Lopez. DTI Undersecretary for Consumer Welfare and Protection Ruth Castelo said they are still finalizing the new SRP.

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