Con-Con can spook investors, derail economic gains – business groups

MANILA, Philippines – Philippine business organizations have urged lawmakers to reconsider their bid for a constitutional convention the 1987 Constitution, calling it is a “potentially disruptive proposal” that may drive away investors and mute the gains of the government’s economic reforms.

“We respectfully urge the Senate – and the House, if and when the deliberations progress – to consider these and other points raised by our colleagues in various sectors as you decide on this potentially disruptive proposal at a time when the country may be poised to regain its economic momentum,” they said.

They noted that existing laws have already loosened economic restrictions, citing amendments to the Public Service Act, Retail Trade Liberalization Act, and Foreign Investment Act, as well as the passage of the Rice Trade Liberalization Act and the recent Department of Energy circular allowing full foreign ownership of businesses engaged in renewable energy.

Ask ko lang ang rappler po ba ay funded ng foreigner?

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

‘Do what you do best,’ Marcos exhorts Chinese-Filipino business groupA day after he effectively rejected Beijing’s warning on the country’s security and disaster relief agreement with the US, President Ferdinand Marcos Jr. lauded Chinese-Filipino businessmen and exhorted them to continue helping in PH economic development. Ta2g loko² inkwaylel Pinoy tsaynis yan kayo hindi alam difference kayo tanga, kayo kain ta3 💩 nothing but a
Sumber: inquirerdotnet - 🏆 3. / 86 Baca lebih lajut »

How one woman started and grew her cheese stick businessChizmozza's Hannah Ramos proves hat having a keen eye for and a willingness to adapt to customer needs can lead to success
Sumber: inquirerdotnet - 🏆 3. / 86 Baca lebih lajut »

Monde Nissin restructures alternative meats businessBillionaire Betty Ang’s food conglomerate Monde Nissin Corp. is shifting spending away from Quorn, its flagship alternative meat brand in the US and UK, while investing in a US-based startup that makes fungi-based bacon and other plant-based meat.
Sumber: inquirerdotnet - 🏆 3. / 86 Baca lebih lajut »

Mr. Freeze Gerry Santos shares business goals in new showBusiness guru Gerry Santos believes that making it big in business takes courage and a little luck. The successful entrepreneur
Sumber: MlaStandard - 🏆 20. / 55 Baca lebih lajut »

Empowering MSMEs through online tools for businessStarting a business, no matter the kind and size, is challenging. For entrepreneurs operating micro, small, and medium enterprises (MSMEs),
Sumber: MlaStandard - 🏆 20. / 55 Baca lebih lajut »