
As DigiPlus Interactive Corp. scales up its international expansion, the company has joined the Brazilian Institute of…

Finance Secretary Frederick Go announced that MySSS Card holders can avail of a two-week PISO Fare promotion as the…

The Philippine Stock Exchange Index (PSEi) fell 9.70 points, or 0.15 percent, to 6,256.02 on Tuesday, while the peso…

President Ferdinand Marcos Jr. extolled the MVP Group for investing in its Meralco Terra Solar Project in Nueva Ecija,…

Four years after ending nickel mining operations, Berong Nickel Corporation (BNC) is investing heavily in restoring its…
Read next
What's your take?
Google Preferred Sources
Get more Daily Tribune stories in your search results
Add Daily Tribune as a preferred source on Google Search.
The impact of the port workers' strikes in the United Kingdom on trade with the Philippines is minor and temporary, Trade Secretary Fred Pascual has assured.
"Philippine products may also be shipped to the UK via other European ports," Pascual said.
Dockers of Felixstowe, UK's busiest and biggest port in Southeastern England, have ended their walkout after the port owner offered a pay that includes a £500 one-off bonus payment. But they warned of more industrial actions after reaching no agreement with employers over the seven percent pay increase they are demanding.
Some shipments have been re-routed to minimize the impact of the port strike on Philippine-UK trade.
"As the largest container port in the UK, it handles more than a third of cargo entering the UK, including from Asia. The main products that pass through this port include food, electronics, garments, and automotive parts," according to Pascual.
Earlier, the Philippine Chamber of Commerce and Industry aired concerns that the strike could indirectly impact other countries' supply chains, including the Philippines', as the UK port is a critical supply chain route to Britain.
"I hope this strike due to high inflation is not going to be a global trend. This is the concerning part," PCCI vice president and CEO of EMS Group, a complete electronic and semiconductor subcontracting group, said.
Pascual said the effect of the Felixstowe strike will be more on delays "causing disruptions in supply chains and will possibly increase operational costs due to the diversion of shipments."