5G Investment News
  • Top News
  • Economy
  • Forex
  • Investing
  • Stock
  • Editor’s Pick
No Result
View All Result
5G Investment News
  • Top News
  • Economy
  • Forex
  • Investing
  • Stock
  • Editor’s Pick
No Result
View All Result
5G Investment News
No Result
View All Result
Home Stock

Philippine businesses unfazed by jeepney strike nationwide

by
April 16, 2024
in Stock
0
Philippine businesses unfazed by jeepney strike nationwide
PHILIPPINE STAR/WALTER BOLLOZOS

By Chloe Mari A. Hufana

BUSINESS groups in the Philippines on Tuesday said they were not worried about the transport strike by jeepney drivers and operators, saying it had not disrupted the operations of their members.

Employers Confederation of the Philippines (ECOP) President Sergio R. Ortiz-Luis, Jr. told BusinessWorld by telephone their members did not report any changes in business activities.

“There were no reports about changes in business activities from our members, although we send our sympathies to the jeepney drivers who are striking,” he said in mixed English Filipino.

Philippine jeepney drivers and operators started their strike across the country on Monday to again oppose the government’s transport modernization program that will eventually phase out decrepit jeepneys.

President Ferdinand R. Marcos, Jr. on Wednesday, April 10, said there would be no further extension of the April 30 deadline for jeepneys to consolidate into cooperatives and corporations.

The consolidation deadline lapsed on Dec. 31, 2023, but public utility vehicles (PUV) had been allowed to keep operating until Jan. 31 this year. The President extended the deadline to April 30.

Last year, Mr. Marcos had said the government would not extend its Dec. 31 deadline for consolidation. More than 1,900 unconsolidated jeepney and UV Express routes were at risk of being wiped out.

The strike was not a major concern, British Chamber of Commerce of the Philippines Executive Director and Trustee Christopher James Nelson said by telephone.

“If there would be a general strike, that would be something else,” he said. “But this is still one sector… There are buses and vans.”

Mr. Nelson said the jeepney strike has not much impact. “Investors are looking for an overall climate. For a lot of investors, the number one challenge is inflation. Linked to it are interest rates,” he added.

The Metropolitan Manila Development Authority (MMDA) offered free rides in Quezon City on Monday to help stranded commuters.

The government has been trying to get jeepney operators to consolidate into either a cooperative or corporation since June 2023. They will eventually be required to buy expensive modern jeepneys.

Previous Post

Lawmaker raises concern over Chinese nationals bearing Philippine documents

Next Post

Marcos: Not one person died in police drug bust

Next Post
Marcos: Not one person died in police drug bust

Marcos: Not one person died in police drug bust

Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.







    Fill Out & Get More Relevant News





    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.
    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    Recommended

    Stocks inch lower on US credit rating downgrade

    Stocks inch lower on US credit rating downgrade

    May 19, 2025
    Peso slips vs dollar as Moody’s cuts US sovereign credit rating

    Peso slips vs dollar as Moody’s cuts US sovereign credit rating

    May 19, 2025
    PPA to host international padel tournament in BGC

    PPA to host international padel tournament in BGC

    May 19, 2025
    Jem Garcia rules Lomibao Open Rapid chessfest

    Jem Garcia rules Lomibao Open Rapid chessfest

    May 19, 2025

    Disclaimer: 5GInvestmentNews.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
    The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    • Privacy Policy
    • Terms & Conditions

    Copyright © 2024 5GInvestmentNews. All Rights Reserved.

    No Result
    View All Result
    • Home
    • Privacy Policy
    • suspicious engagement
    • Terms & Conditions
    • Thank you

    © 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.