Gov’t support sought for mfg sector

Chemical manufacturers are asking for government support, including keeping the peso competitive, to help boost their sector and the whole manufacturing industry.

“Trade competitive, which means the peso should not be too strong and should be more on the weaker side of the band. That would help (improve) the competitive position of our industries,” said Oscar Barrera, PHILEXPORT trustee for the chemical sector.

Barrera said exporters would earn more revenues with a weaker currency, as locallyproduced goods could be sold cheaper as compared to imported goods.

He said the 10 million Filipinos working abroad, on the other hand, could send more money to their families and relatives in the country.

“They have families here who will have more capacity to pay for goods and that will stir up the economy,” he noted, adding that they prefer a P44 to the dollar level against the current P42-$1 level.

To improve the country’s trade competitiveness, Barrera also underscored the need to rationalize the rules and laws affecting business.

“One example is the perennial problem of local government ordinances which allow local governments to tax even trucks that pass through their barangays or cities. These add to the cost of doing business and distribution around the country,” he pointed out.

Barrera added that some environmental rules are also affecting business, where almost every city now makes their own ordinance.

“Some of the environmental rules do not really help, kind of contrary to the pollution rules set up by the national government. So it’s confusing; every place has its own idea and that’s not good,” he noted.