South Luzon Chambers Submits Resolutions to Stay Afloat during Covid-19 Pandemic
The various local chambers comprising South Luzon (Regions IV-A and IV-B, Bicol Region and MIMAROPA) submitted a list of their resolutions, for and in consideration of the Philippine government, during the 29th South Luzon Area Business Conference (SOLABC) to address enterprise competitiveness concerns as well as the requirements for business recovery, resilience and sustainability amidst the Corona Virus pandemic.
Just like rest of the country, the COVID-19 pandemic and the ensuing quarantine lockdowns have disrupted the operations of majority of the business establishments in South Luzon resulting in large business, employment, economic and social losses.
Prior to the disruptions caused by the pandemic, South Luzon has manifested itself as an industrial and agricultural powerhouse contributing 20.6% to the country’s economy, second only to the National Capital Region, based on the latest available Gross Domestic Product (GDP) statistical report. It has also demonstrated high absorption capacity for investment in labor-intensive industries, agriculture and services and has nurtured the development of a thriving small and medium-sized enterprise (SME) segment.
The resolutions called on the Philippine government to strike out a balance in the health and economic objectives of its interventions to address the Covid-19 pandemic. The resolutions also called on the Philippine government to mobilize resources and adapt measures to protect the most vulnerable, to keep global supply chain alive and mitigate the pandemic’s impacts across the economy.
Specifically, some resolutions called for the Philippine government to adopt measures that will directly address the financial predicament of Micro, Small, and Medium Enterprises (MSMEs) arising from the stifled trade and financial activities brought by COVID-19 pandemic. They have also called on the Anti-Red Tape Authority to establish guidelines and set the defining period for the collection of payments arising from business-related government transactions and prevent undue delays of collection for any government transactions in any government offices.
The complete set set of 29th SOLABC Resolutions may be downloaded here.