In a bid to spur economic growth and recovery, President Duterte recently certified three economic bills as urgent to ease foreign investment restrictions in the country. The specific bills are the proposed amendments to the Public Service Act (PSA), Retail Trade Liberalization Act (RTLA), and Foreign Investments Act (FIA) all of which have received support from economic managers, industry associations and business groups, and development planners.
In this context, the European-Philippine business community is hosting a special online discussion with Senators Koko Pimentel and Grace Poe to walk us through the three priority bills and their broader implications to improve the country's investment climate and increase business confidence. The senior lawmaker will also take a closer look at the proposed next steps of the upper chamber in light of this development as well as other legislative updates and priorities of the Senate.
In close partnership with government, businesses, civil society, and academia, ECCP passionately works to enhance the business environment for both European and Filipino companies.