Philippines

ABAC welcomes Duterte admin’s achievements

ABAC welcomes Duterte admin’s achievements
By Kris Crismundo

MANILA (Philippines News Agency) — The Asia Pacific Economic Cooperation (APEC) Business Advisory Council (ABAC) has welcomed the achievements of the Duterte administration and pushes for strengthening the collaboration between public and private sectors.

ABAC, the voice of businesses in APEC, said it has noted the government’s planned and ongoing projects to address the country’s perennial transport and logistics problems.

The business organization pushes for BBB – Broader stakeholder engagement, Bolder reform measures, and Better public-private sector coordination – that will reinforce the Build, Build, Build program of the Duterte administration and will also promote sustainable, innovative, and inclusive growth.

ABAC also welcomed the openness of the government to more players especially in the telecommunications industry that will improve digital infrastructure and boost competition in the sector.

It also commended the Philippine Competition Commission (PCC) in ensuring competition stays in the market.

Moreover, ABAC has acknowledged the passage of the Tax Reform for Acceleration and Inclusion (TRAIN) measure and the 2018 General Appropriations Act (GAA).

“These plans and programs have undergone much review and deliberation. The next step is for all of us to pull together and support the government in ensuring that the laws translate to the promise of being a budget that reforms and transforms, and a tax reform for acceleration and inclusion,” ABAC Philippines member and tycoon Lance Gokongwei said.

ABAC noted that these developments in the country is in line with APEC’s focus in working on competition policy, regulatory reform, economic and legal infrastructure, corporate and public governance, and human capital development.

But it mentioned that the government should hasten its work on easing doing business in the country.

“Aside from the infrastructure push and tax reform, the government is making it easy establishing business and investing in the country. Ease of doing business reform is on its way with a legislation already passed and near enactment by Congress,” ABAC noted.

ABAC Philippines Chairman Tomas Alcantara stressed the need for active participation of the private sector in the reform agenda of the government that will generate more jobs and promote entrepreneurial opportunities for Filipinos.

“Businesses especially SMEs must take advantage of the digital technology and innovation in order for them to be better connected and integrated with the global economy,” said Alcantara.

Earlier, ABAC committed to work with the government in addressing non-tariff measures, facilitate labor mobility, enhance micro, smal, and medium enterprises (MSMEs) participation in the global economy, and expand MSME financing through work programs. (PNA)

Equitable CI info

YOUR “STUFF” IS COVERED..BUT ARE YOU? EquiLiving critical illness Insurance takes care of the financial worries so you can focus on your recovery. Talk to an Advisor today at 780-807-4743.

Equitable CI photo

Critical illness insurance can help you “get back to living”. EquiLiving provides a lump-sum benefit, following a survival period of typically 30 days after diagnosis of one of the critical conditions covered by the plan. You can use the benefit payment any way you wish, to make living with one of the life-altering conditions more comfortable. Call 780-807-4743 today.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s