PCCI President George T. Barcelon said during a recent general membership meeting that P3.5 billion is lost daily due to the congested Metro Manila roads. Economic losses could swell to P5.4 billion a day by 2035 if the issue is not addressed, he added, citing projections by the Japan International Cooperation Agency.
Transportation expert Rene S. Santiago said there should be more public transportation for commuters and fewer vehicles overall. “These would reduce vehicles at least 250,000 cars, on the roads and one million riders of public transport. In addition, hybrid schooling would address shortage in classrooms,” he added.
Meanwhile, Supply Chain Management Association of the Philippines President Pierre Carlo Curay said Philippine costs as a share of sales are the highest in the Association of Southeast Asian Nations at 25%, compared to an average of 10% in developing countries.
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