THE American Chamber of Commerce of the Philippines (AmCham) urged President Ferdinand R. Marcos, Jr. and the 20th Congress to work on reforms mainly focused on improving the country’s technology infrastructure to support the goals outlined in the fourth State of the Nation Address (SONA).
In a statement, AmCham said its reform wish list can “accelerate economic growth, foster sustainable development, and significantly enhance the country’s investment climate.”
These measures include the E-Governance Act, the Digital Economy Act, the Artificial Intelligence Act, the Konektadong Pinoy Act, the National Land Use Act, the Blue Economy Act, the Freedom of Access to Information Act, the Holiday Rationalization Act, and the National Single Window System.
AmCham also expressed support for amending to the Foreign Investors’ Long Term Lease Act, the Electric Power Industry Regulation Act, and the charters of the Civil Aviation Authority and the Philippine Ports Authority.
“We reiterate our strong support for these national policy measures and believe these complement the President’s priorities and support the goals outlined in the SONA,” it added.
In a separate statement, the European Chamber of Commerce of the Philippines (ECCP) welcomed the President’s commitment to transparency and fighting corruption.
“We firmly believe these efforts will only serve to heighten investor confidence, improve market access, and reinforce the country’s position as a credible and attractive destination for trade and investment within the region,” the ECCP said.
The ECCP continued to push for improving the ease of doing business in the Philippines.
“European investors have remained at the forefront of contributing to the development of strategic sectors in the country, especially in renewable energy, which further highlights their willingness to invest in large-scale projects so long as the government maintains an enabling and conducive business environment,” it added.
The group also highlighted the President’s focus on infrastructure development, energy security, education and human capital, digital transformation, defense and security, and disaster preparedness.
“The ECCP remains committed to collaborating with the Philippine government and relevant stakeholders to translate these strategic visions into tangible benefits that will greatly advance good governance, a sound regulatory environment, and sustainable economic growth,” it added. — Justine Irish D. Tabile