Villar

Mark Villar calls for gov’t support for local goods, manufacturers

October 18, 2022 Camille P. Balagtas 390 views

SENATOR Mark A. Villar presided over the budget hearing of the Department of Trade and Industry (DTI) and its attached agencies Monday, October 17, 2022, and promised to support local industries.

“We appreciate DTI’s initiative to help boost our local industries. The use of infrastructure and technology will definitely help us,” Sen. Villar said.

DTI presented various programs that cater to the welfare of local firms, some of which are the establishment of the regional inclusive innovation center, the construction of the shared facilities program, and the artificial intelligence roadmap.

DTI’s budget sponsor Sen. Villar, also asked about the availability of a line of credit for local firms in order to support them financially.

According to DTI, foreign investors are given a line of credit that expedites payment, while on the other hand, the same line of credit is “not available” for local companies.

“Dapat mas malaki po ang suporta natin sa ating nga local manufacturers dahil sila talaga ang naka-base dito. Kailangan talaga bigyan ng preferential treatment ang ating mga local industries dahil sila ang nakakapag-generate ng maraming trabaho para sa ating mga kababayan,” Villar pointed out.

Villar said that he would file bills that would help the local industries and support MSMEs (micro, small and medium enterprises) all around the country.