The export sector is bound to lose its fight for survival unless the government summons the political will to immediately act in creating an environment more conducive to recovery.
The warning was issued by Employers Confederation of the Philippines (ECoP) president Donald Dee as Philippine businesses brace themselves amid the prospects of more disruptions on global trade as the US prepares for war against terrorists.
"We have been promised lower electricity rates with the passage into law of the Omnibus Power Sector Reform Law. Power rates here are still the highest in Asia," Dee mourned.
The law had categorically ordered a slash in power rates but …