HOPE THEY FIND A SOLUTION TO THIS PROBLEM SOON... THE TRUCK BAN COULD LEAD TO AN ANNUAL LOSS OF 61 - 320 BILLION PESOS OR AS MUCH A 2.9% OF THE PHILIPPINES GDP... THIS WILL IMPACT OUR STATUS AS THE FASTEST-GROWING ECONOMY IN SOUTHEAST ASIA... Citigroup Inc. estimated in a note dated March 7 that delays could lead to an annual loss of 61 billion pesos ($1.4 billion) to 320 billion pesos, or as much as 2.9 percent of gross domestic product in Southeast Asia’s second-most populous nation. That would dwarf a potential annual gain of roughly 30 billion pesos from having less-congested roads in the capital, said Jun Trinidad, a Citigroup economist based in Manila. bloomberg/news/2014-05-11/cargo-containers-jam-manila-docks-amid-truck-ban.html?cmpid=yhoo
Posted on: Mon, 12 May 2014 07:57:16 +0000
Trending Topics
Recently Viewed Topics
© 2015