Business groups hit regulatory policies

Business groups want the Trade department and a public-private competitiveness body to review regulatory policies perceived as detrimental to companies, particularly small and medium enterprises (SMEs).

In a joint position paper, the Philippine Exporters Confederation (PhilExport), Philippine Chamber of Commerce and Industry (PCCI) and the Employers Confederation of the Philippines (ECOP) identified four regulations that “adversely affect business competitiveness” in the country.