Roundtable discussion with Manila Times on Wish list for the next administration
The Manila Times organized a roundtable discussion along with the Foreign and Philippine Chamber Presidents to which they highlighted the importance of implementing economic reforms for the country to remain competitive.
Joined by the British Chamber of Commerce of the Philippines, Italian Chamber of Commerce in the Philippines, Nordic Chamber of Commerce of the Philippines, Cebu Chamber of Commerce and Industry Inc., Davao City Chamber of Commerce and Industry Inc., Management Association of the Philippines, and Financial Executives Institute of the Philippines, the organizations representatives expressed their sentiments on which policies should be prioritized as we are in a state of pandemic, thus exacerbating the adverse effects of poverty to the people.
As such, the next administration should clearly prioritize system-wide social and economic reform to be more globally competitive and achieve sustainable development in the Philippines. This, however, can cause distress to the process of change in the country considering that “a six-year administration and the uncertainty that follows whenever there’s a change is somewhat critical for the Philippines to fulfill the real potential” as stated by the Executive Director of NordCham PH, Jesper Svenningsen. He, as with the other business leaders, also emphasized the need to implement infrastructure projects and other social initiatives in the Philippines, particularly in health and education. Doing so will not only increase job opportunities, but also attract foreign investors, which will give the business industry an advantage to improve trade and to develop global competence.
See the recording here: https://fb.watch/cHrV6MqU1z/