• Next govt should work on inclusive growth, MSMEs

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    The country’s largest business group, Philippine Chamber of Commerce and Industry (PCCI), wants the next president of the Philippines to focus on faster inclusive growth and boost the implementation of programs and policies that will help the micro, small and medium enterprises (MSMEs).

    Newly elected president of PCCI, George Barcelon, told reporters that the next administration should make faster implementation of projects, particularly infrastructure projects, that will allow growth in areas where economic activities should be expanded.

    These should include road infrastructure, airports and seaports, tourism infrastructure, and telecommunications, according to Barcelon.

    “What we see is very slow implementation. Even within the next six months this should be addressed so that the next administration can hit the road running, said Barcelon.

    He emphasized the role of tourism sector in promoting inclusive growth in remote areas. He said road projects connecting to areas which have big potential for tourism will promote and boost economic activities such as transportation, retail, and agriculture among others.

    Besides infrastructure, Barcelon believes that the next administration should improve peace and order to entice people and investors to go to these areas where potentials are not yet explored.

    “We also want the local and national government to hear the plight of MSMEs,” the PCCI chief added.

    These should include implementing measures that will ease doing business in the country to improve the competitiveness of MSMEs.

    “[Presidential] candidates, they should have their blueprint by now,” Barcelon said, noting that the country’s next leader should consider “things matter to businesses” such as job creation, policies that can attract investments, and consistency of laws.

    PNA

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