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Business in ‘bad’ shape until 2022: leader

BUSINESSMAN Philip Tan said that depending on what industry they are in, majority of those in the business sector will not be in good state until 2022.

Tan, management representative to the Regional Tripartite Wages and Productivity Board (RTWPB), said that 2021, the year of the ox, will be a buttoning period.

“While business was flattened in 2020 because of Covid-19 pandemic, reviving the once strong economy back to the 2019 level may be in 2022. The tourism industry may be back to 2019 level in 2023,” Tan said.

He said that food manufacturing may recover early because the Philippines is a consumer-based economy. But the service sector like restaurants, hotels, and tourist-related transport, cannot rebound this year.

Tan, a former president of the Mandaue Chamber of Commerce and Industry (MCCI), said that ever since, he expounded the possibility of increasing food production by massive planting of vegetables and fruits. Agriculture is still the backbone of the Philippines.

“But this task is not easy because we need the cooperation of the farmers. Food production must start from the Department of Agriculture with mind setting. I have been working with DA and I‘ve been telling them that we should emphasize that agriculture should be “a business, not a way of life only.”

He said that if it will continue to be a way of life, nobody will be interested to be in agriculture. They will say that your work is dirty, under the heat of the sun, or you will become wet during rainy days.

Tan said the government must take the lead in massive production of fruits and vegetables. If fruits and vegetables are there, the processing for preservation must follow in case these will not be sold immediately.

The foundation is soil preparation, massive planting of fruits and vegetables, fertilizer application, and irrigation.

“I told the new breed and energetic DA officials to focus on agriculture as business and profit-centered,” Tan said. ELIAS O. BAQUERO