What's the value of utilities for MSMEs?Thursday, July 07, 2016
It is reported that the Philippines has the second-highest in Asia when it comes to electricity rates, just next to Japan. The high cost of electricity is a problem that is to be tackled by the Department of Energy under the new administration. Meanwhile, a 2014 ADB report puts the country next to Indonesia in the places with high water tariffs.
What does this mean for us, especially those in the Micro, Small and Medium Enterprise industry? High cost of utilities caused by high demand and low supply means that we have to build more sources of energy or basins of water to supply the needs of the public.
Building more sources of water and energy will require money, land and human resources. There are other sources that are active, such as water treatment facilities and wind power plants, but these won't be enough as there will be more people in the future. There's a reason why some people are more happy to invest in companies related to utilities, as it is expected that these companies will build more sources of utilities.
Of course, these things will not just be the government's responsibility alone - we have a part on this. If we know the value of these utilities, we will then take care of it, especially in a country where it is a bit pricey. If the MSMEs have their own measures to conserve water and energy, the better.
Utilities are so valuable - just a blackout or a water or phone interruption will hamper sales and the delivery of services, and if you know the value of something, you will use it wisely.
There are lots of ideas and concepts on doing business in the Philippines and more at the 7th Philippine Business & Entrepreneurs' Expo this August 26 to 28 at the SM Megatrade Hall in Mandaluyong City. You can talk with fellow entrepreneurs, or just observe and gain knowledge to polish your business and expand it further.
This event is organized by business event organizer Ex-Link Management & Marketing Services Corporation. For inquiries and partnerships, call telephone numbers 633-01-53, 643-3887 or email firstname.lastname@example.org. Ex-Link Events is also on Facebook, Twitter and Instagram.