Foreign and native business groups within the nation have urged the passage of 17 priority bills by the 18th Congress throughout its third and last session yr that may begin on July 26.
The letter despatched to President Rodrigo Duterte was signed by 15 business groups, together with eight Philippine business groups and the seven members of the Joint Foreign Chambers.
The business groups advocated 17 measures that legislative priorities they hope to see handed within the remaining months of the 18th Congress. The listing contains amendments to the Foreign Investments Act, Public Service Act 3. Retail Trade Liberalization Act, Department of Disaster Resilience, creation of the Department of Water Resources (*17*) , Ease of Paying Taxes, Electric Vehicles and Charging Stations, Freedom of Information, National Land Use and (*17*), Open Access in Data Transmission, Philippine Creative Industries, Promotion of Digital Payments, Public Private Partnership, Rural Agricultural and Fisheries Development Financing System, Secrecy of Bank Deposits Law amendments, Tax Reform Package, Property Valuation and Assessment Reform, Tax Reform Package, Passive Income and Financial Intermediary Taxation.
“With one yr left within the present Congress, we consider the 17 measures are achievable reforms that may generate substantial impression in reaching our shared imaginative and prescient of inclusive development via job technology, poverty discount, and international competitiveness. These reforms may also help financial restoration and better GDP development in 2022 and past within the wake of the COVID-19 pandemic,” the letter said.
According to the business groups, most of these bills have reached superior phases in Congress and require counterpart motion within the House or Senate.
The letter was despatched in anticipation of the president’s sixth State of the Nation Address when Congress opens its third common session. Separate letters had been additionally despatched to Senate President Sotto and House Speaker Velasco.
The 15 business groups embrace: Alyansa Agrikultura, American Chamber of Commerce of the Philippines, Australian-New Zealand Chamber of Commerce of the Philippines, Bankers Association of the Philippines, Canadian Chamber of Commerce of the Philippines, European Chamber of Commerce of the Philippines, Financial Executives Institute of the Philippines, Foundation for Economic Freedom IT, Business Process Association of the Philippines, Japanese Chamber of Commerce and Industry of the Philippines, Inc., Korean Chamber of Commerce of the Philippines, Inc., Makati Business Club, (*17*) Association of the Philippines, Philippine Association of Multinational Companies Regional Headquarters, Inc., Semiconductor and (*15*) Industries within the Philippines Foundation, Inc.
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