Business community seeks Marcos’s approval for key legislative measures ahead of SONA

Ahead of the State of the Nation Address (SONA), the Philippine Business Groups and Joint Foreign Chambers have called on President Ferdinand Marcos, Jr. to champion 21 crucial legislative measures that will stimulate economic growth, enhance global competitiveness, and promote inclusive development.

In a letter addressed to the President, the groups expressed appreciation for the progress made on previous legislative recommendations, but emphasized the urgency of the remaining 21 measures.

They believe these reforms are achievable within the remaining year of the current Congress and will significantly impact job creation, poverty reduction, and overall competitiveness.

Among the key legislative priorities include the
Konektadong Pinoy Bill that lowers the barriers and costs for data service providers to improve internet access and affordability; the Promotion of Digital Payments; CREATE MORE and PEZA Act Amendments for allowing flexible work arrangements for locators to attract investment and talents; and the Freedom of Information Act, which will ensure transparency and access to information in government offices.

Additional measures include reforms in taxation, banking, disaster resilience, e-commerce, pandemic preparedness, holiday rationalization, infrastructure development, intellectual property, pensions, apprenticeship programs, agriculture, and maritime trade.

The business groups expressed their willingness to collaborate with Congress and the administration to support the said reforms.

The groups anticipate the President’s upcoming SONA, expecting to get his support for transformative legislative changes.

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