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Doing business in PH

IT is certainly reassuring to know that President Rodrigo Duterte and members of Congress – senators and congressmen – have been exerting their best efforts to ease doing business in the Philippines.

Note that the crusading Duterte administration, which is set to end at 12 noon on June 30, 2022, is determined to make a more “conducive business environment” that would foster economic growth.

In fact, President Duterte and our lawmakers have been working very hard to come up with much-needed reforms, which are aimed at attracting more foreigners to invest in the country.
Last Thursday, House Majority Leader and Leyte Rep. Martin G. Romualdez rallied support from members of the highly-influential US-ASEAN Business Council for the Chief Executive’s vision and programs.

Romualdez, chairman of the powerful House committee on rules and husband of Tingog party-list Rep. Yedda Marie K. Romualdez, made the statement during last Thursday’s joint virtual meeting via Zoom.

Albay Rep. Joey Sarte Salceda, chair of the House ways and means committee, and party-list Rep. Sharon Garin, head of the House economic affairs panel, attended the meeting as resource persons.

For over 35 years now, the business council has been the leading voice of the US private sector in promoting mutually beneficial trade and investment relationship between Washington and Southeast Asia.

At the same time, the United States-educated Romualdez recognized the huge contribution of multinational companies, especially in the government’s efforts to reboot the struggling Philippine economy.

But with the all-out support of friends, like members of the US-ASEAN Business Council, Romualdez is confident that the government will not fail in its gigantic task of nation building.
The administration will have the support of well-meaning friends in the international community, members of Congress and the people in a serious campaign to encourage more foreigners to invest in the country.