Workers pass stacks of containers containing imported items
Monday, 29 September 2014 01:49
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Workers pass stacks of containers containing imported items, at the Manila International Container Port in Manila 24 September. Cargoes are being held up by severe congestion at Manila’s main port, where containers have piled up since February when a daytime ban on trucks plying the city roads came into effect. Worried about the hit to the economy, the government intervened on 13 September to end the seven-month long ban, although the move may have come too late for many companies that ship to Western markets for the critical Christmas season. Electronics manufacturers, garment makers and food producers are facing delays and rising costs due to the backlog at the choked port, which handles more than 80% of foreign trade, holding back growth in Southeast Asia’s fifth-largest economy – Reuters
