DTI postpones ZAMPEX regional trade expo-A A +A
Friday, October 25, 2013
THE Department of Trade and Industry (DTI)-9 announces the postponement of the ZAMPEX 2013 regional trade expo in Zamboanga City this October 2013.
This is to give way for more urgent activities in support of the local and national governments’ efforts for the early recovery and rehabilitation of Zamboanga City, according to DTI-9 Regional Director Nazrullah B. Manzur.
The standoff Manzur said carried a very stiff social and economic price tag unprecedented in our history: 23,794 families or 118,819 individuals displaced; hundreds killed and wounded; over 10,000 houses burned.
On the economic side, the disruption of business operations, according to Manzur costs the city’s business sector an estimated loss of over P76 million in unconsummated sales daily. In addition to these, the missed investment opportunities for the city, foregone sales from marketing events like ZAMPEX, and unrealized revenues from tourism considering that Zamboanga’s grandest festival, the Fiesta Pilar is fast approaching.
“In the midst of all that’s happened to our city, we are pleased to note that most businesses that have remained opened during those darkest moments in our history did not take advantage of the situation to jack up prices or to hoard. And our appeal for sobriety among consumers had been heeded, although incidences of panic buying had been reported during the early days of the fighting in some areas of the city,” Manzur said.
“Since Day 1 of the crisis, we have been conducting daily monitoring of basic and prime commodities that fall under DTI’s mandate to ensure adequacy of supply and stability of prices. Our personnel had been doing the rounds daily from the east to the west coast of the city to check on the price and supply situation, often risking lives and limbs as they go about their duty,” Manzur disclosed.
“We will continue to do special monitoring activities until things have returned to normalcy as part of our contribution to the recovery efforts. We are also lining up livelihood trainings to be conducted jointly with our partner agencies in the SME Core Group. We are also identifying possible beneficiary groups or proponents for projects that may be funded under the DTI’s Shared Service Facilities (SSF),” Manzur said.
“We all know that the road ahead to recovery is arduous and long but I have faith in the indomitable spirit of our people to rise up again despite the circumstances. It is heartwarming to note that help came from all over including the DTI’s Employees Union which gave P10,000 and from our employees’ local coop which raised up almost P8,000 for the evacuees. This amount may be small but this gesture of commiseration from our comrades is definitely uplifting. Together with all Zamboanguenos, we say Levanta (rise) Zamboanga,” Manzur said. (PR)
Published in the Sun.Star Cagayan de Oro newspaper on October 25, 2013.