Philippine floods don’t hurt exports

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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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...

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.

 



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00

 

 

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