MANILA, Philippines — President-elect Ferdinand "Bongbong" Marcos Jr.'s new administration will make every effort to…
The first PBC resolutions for the Marcos administration prioritize food security.
The major resolutions adopted by the Philippine Chamber of Commerce and Industry (PCCI) during its two-day Philippine Business Conference (PBC) at the Manila Hotel focused on addressing issues with food security.
PCCI gave the Marcos administration the PBC resolutions during its closing ceremony on Thursday.
The largest business group has suggested several solutions to the issue of food security, including amending the Agrarian Reform Law to increase the amount of land that can be retained from five to 24 hectares, implementing a program to forgive beneficiaries of the program’s unpaid amortizations, and converting Certificates of Land Ownership Award into fee simple titles.
The PCCI asked President Ferdinand R. Marcos to transform the Philippine Health Insurance Corp. into a science-based and open healthcare system through resolutions on health concerns.
In implementing the Universal Healthcare Law, it is also advocating for a public-private collaboration approach.
The PCCI also passed resolutions on employment, urging the national government to continue supporting small enterprises still recovering from the pandemic and to create an environment welcoming to investors.
According to the report, more jobs will be created in the nation if “all restrictive and punitive labor regulations are amended and legislation that would promote productivity” are passed.
The business organizations requested the Marcos administration to establish a Philippine Qualifications Authority to set and uphold qualification standards for all levels of education and training throughout the nation.
Additionally, it promoted changes to the Philippine Qualifications Framework.
To guarantee an uninterrupted power supply throughout the nation, the PCCI requested that the government expedite the unification of the grids in Luzon, Visayas, and Mindanao.
It also stated that the Department of Energy must modify the Renewable Energy Act’s implementing rules and regulations to permit full foreign ownership of solar and wind projects.
Addressing concerns with national security, digitization, the environment, climate change, transportation, and international trade are among the suggestions made to Marcos.
The PBC resolutions for this year are the first set of recommendations from PCCI that the Marcos administration has received.
Every year, PCCI sends the Chief Executive its PBC resolutions, including recommendations for resolving the present issues impeding economic growth.
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