Philippine floods don’t hurt exports

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Strong monsoon rains that inundated over half of Manila on August 8 had no significant impact on the Philippine’s export industry, a statement released by the Department of Trade and Industry (DTI) said on August 10.

Economic export zones, which account for 80 per cent of the country’s total exports, were spared sharing the same fate of the Manila metropolitan area and surrounding jurisdictions because they are located in flood-free areas.

“No ecozones (economic zones) have reported disruption in operations. Most of them are in flood-free zones, especially Laguna and Batangas, where they are in relatively high elevations”, said DTI Secretary Gregory L. Domingo.

The Philippine Economic Zone Authority (PEZA), the body in charge of overseeing the economic zones, also announced that the operations have continued as usual.

The Philippines has a total of 258 economic zones located throughout the country, which employ 915,260 Filipinos.

While towns in Laguna and Cavite provinces have been affected by floods, operations are unimpeded in these areas with the highest concentration of economic zones in the country.

Keeping quotas has been an issue with some companies, however, as workers are having problems navigating flood waters to get to work.

 

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Reading Time: 1 minute

Strong monsoon rains that inundated over half of Manila on August 8 had no significant impact on the Philippine’s export industry, a statement released by the Department of Trade and Industry (DTI) said on August 10.

Reading Time: 1 minute

Strong monsoon rains that inundated over half of Manila on August 8 had no significant impact on the Philippine’s export industry, a statement released by the Department of Trade and Industry (DTI) said on August 10.

Economic export zones, which account for 80 per cent of the country’s total exports, were spared sharing the same fate of the Manila metropolitan area and surrounding jurisdictions because they are located in flood-free areas.

“No ecozones (economic zones) have reported disruption in operations. Most of them are in flood-free zones, especially Laguna and Batangas, where they are in relatively high elevations”, said DTI Secretary Gregory L. Domingo.

The Philippine Economic Zone Authority (PEZA), the body in charge of overseeing the economic zones, also announced that the operations have continued as usual.

The Philippines has a total of 258 economic zones located throughout the country, which employ 915,260 Filipinos.

While towns in Laguna and Cavite provinces have been affected by floods, operations are unimpeded in these areas with the highest concentration of economic zones in the country.

Keeping quotas has been an issue with some companies, however, as workers are having problems navigating flood waters to get to work.

 

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