PCCI proposes key policy recommendations to strengthen PH economy

The Philippine Chamber of Commerce and Industry (PCCI), the largest business organization in the country, has formally presented a set of strategic policy recommendations to the government. These proposals aim to enhance food security, bolster human resources development, and stimulate investment generation within the Philippines.

In a submission delivered to Special Assistant to the President for Investment and Economic Affairs, Frederick Go, PCCI distilled a comprehensive list of suggestions from the business sector into a focused three-point agenda. PCCI President Enunina Mangio emphasized the importance of these resolutions, stating, "These resolutions represent the collective voice and aspirations of the business sector, reaffirming our serious commitment to collaborate with the government in realizing a progressive, sustainable, and inclusive economy."

The recommendations were outlined in an 11-page resolution, which advocates for a multi-faceted approach to agricultural production. To ensure a stable and affordable food supply for Filipinos, the PCCI urged the Marcos administration to establish a technology task force. This group would consist of representatives from various government agencies, agriculture experts, and technology firms tasked with identifying and implementing modern farming techniques, such as climate control and precision farming.

Additionally, the PCCI called for a comprehensive financial aid program aimed at revitalizing critical sectors. This program would include grants, low-interest loans, and investments in disease control measures and cutting-edge technologies. The organization also recommended that the government strengthen support for agricultural cooperatives, enhance logistics infrastructure, and amend the Agrarian Reform Law to expand the land retention limit from five to 24 hectares.

Regarding human resources development, the PCCI emphasized the need for reforms in the education system, improvements in healthcare, and the enhancement of workforce skills through upskilling and reskilling initiatives. Among its proposals are the establishment of research and development centers and the reform of the Philippine Health Insurance Corporation to broaden benefit packages.

On the investment front, the PCCI highlighted the necessity for improved ease of doing business by enhancing infrastructure, transportation, and logistics support. The organization called for the creation of a regular consultation body comprising private sector leaders and policymakers to evaluate current regulations and identify barriers to business operations.

Moreover, the PCCI proposed a comprehensive investment bill that would outline clear incentives for both export-oriented and domestic-oriented manufacturing as well as green technology sectors. The resolutions also advocate for the development of an infrastructure master plan through collaboration with urban planners and industry stakeholders, prioritizing investments in farm-to-market roads and major transportation hubs.

Lastly, the PCCI urged for a digital transformation within local government units, recommending the provision of technical assistance and tools to digitize services, which would facilitate more efficient transactions for businesses and citizens alike.