Regional trade expo postponed-A A +A
By Bong Garcia
Friday, October 4, 2013
THE three-day trade fair dubbed as the 2013 Zamboanga Peninsula Trade Exposition (Zampex) has been postponed due to the crisis caused by the standoff in Zamboanga City.
Department of Trade and Industry (DTI) in Zamboanga Peninsula director Nazrullah Manzur said they have decided to postpone Zampex to pave way for more urgent activities in support of the local and national governments’ efforts for the early recovery and rehabilitation of the city.
The three-day Zampex is scheduled to be held from October 10 to 13 in time for this year’s feast of Our Lady of the Pillar, the most revered saint of the city, on October 12.
Manzur said that the standoff carried a very stiff social and economic price tag unprecedented in the history of this city: 23,794 families or 118,819 individuals displaced; hundreds killed and wounded; over 10,000 houses burned.
Manzur said the disruption of business operations costs Zamboanga City’s business sector an estimated loss of over P76 million in unconsummated sales daily on the economic side.
Manzur also said that there are missed investment opportunities for this 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.
However, he said they are pleased to note that most businesses that remained opened during the darkest moments “in our history did not take advantage of the situation to jack up prices or to hoard.”
“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 this city,” he said.
He said that they 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 since Day 1 of the standoff.