Our growth rate has been left unchecked for several decades now and this is manifested by recent figures of high population growth figures. Government seems to be reacting now, but it may be too late. Watch it.
Just like most local industries, the wood sectors performance is being affected by the governments budget deficit, the slow entry of new investments and a fragile economy that is under constant threat of political instability and turmoil particularly in southern Philippines.
The industry is also reeling from the onslaught of globalization as more imports make their way into the local market with reduced tariff duties. The failure of the government to provide safety measures to even-up competition and the inability of key government agencies like the Dept. of Environment and Natural Resources (DENR) to address critical industry issues hamper the competitiveness of the local wood industry.
And worse, the industry is suffering from negative publicity as calamities such as flooding are attributed to the alleged failure of the industry to conduct sustainable logging practices.
A proposed bill providing for the sustainable management of forest resources has languished in the legislative chamber for more than three years. The loud political statements from politicians expressing concern about the environment and supporting sustainable forest management are just hot air. The much needed policy changes to ensure sustainable development and growth of this vital sector are still in pieces of wood pulp paper gathering dust.
With more promises coming from politicians, lets discern their track records and discard those who are mere loudmouths.
Join us break barriers with the Antonio Olizon and gain better understanding of the current issues affecting the domestic logging and wood industry. Watch it.
Should you wish to share any insights, write me at Link Edge, 4th Floor, 156 Valero Street, Salcedo Village, 1227 Makati City. Or e-mail me at reygamboa@linkedge.biz. If you wish to view the previous columns, you may visit my website at www.bizlinks.linkedge.biz.