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PIA Press Release
2009/06/08

DTI holds Siquijor "Tabo sa Mamumuo"

by Rizalie Anding Calibo

Siquijor (8 June) -- The Department of Trade and Industry (DTI) in Siquijor province will hold "Tabo sa Mamumuo on June 15-16 at Siquijor Capital Square, Poblacion, Siquijor, Siquijor.

Part of the DTI's CLEEP (Comprehensive Livelihood and Emergency Employment Program), the activity serves as the venue where workers/employees will have the chance to buy products at a lower and/or at a discounted prices.

It is also considered a non-wage benefit given to workers/employees extended by the government and the business sector as a way of acknowledging the importance of workers who represent the essential force that drives and sustain business and industry growth, the DTI here said.

Products to be sold are grocery items, fruits and vegetables, clothing and accessories and other household commodities.

The "Tabo sa Mamumuo" is the local counterpart to the government's "battle plan" and strategy on how to keep the country's economic resiliency in the face of the threat of recession confronting the entire world.

The government, as noted, has been continuously implementing programs aimed at encouraging business activities and generating employment in the face of global recession.

But amid the global situation, the National Economic and Development Authority (NEDA) Deputy Director General Rolly Tongpalan said, "we have reason to believe that a recession is not a likely scenario in our case

With expected upsurge in consumer spending and the various efforts to generate more jobs, the country is clearly headed for a rebound, the NEDA official said Wednesday.

"What we started to see is real good evidence that the worst is over," NEDA Deputy Director General Rolly Tongpalan said.

With a modest 0.4 percent gross domestic product (GDP) growth and the gross national product (GNP) 4.4 percent growth from January to March this year, Tongpalan said the country is doing well in contrast with most Asian economies.

After the first quarter report, Tongpalan said the Philippine stock market immediately surged and the country's April and May economic performance fared better due to heightened consumer spending and investments. (PIA) [top]

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