Private sector urges next regime to step up infra, tourism development

1

THE next administration must continue the good governance established by the Aquino administration and level up the policies that push for the development of infrastructure and tourism in the country, private sector leaders said on Tuesday.

Advertisements

Part of the next administration’s program should be “more investments in infrastructure,” Lorenzo Tan, president and CEO of Rizal Commercial Banking Corp. (RCBC) said in a plenary session at Maybank’s Invest Asean Forum.

“I think [there should be]more investments in infrastructure. Second, would be consistency in politics and taxation. The structures, I guess, covers the airports, future power supply, and how to encourage more foreign direct investments to enter the market, the REIT industry, the mining industry,” Tan said.

Apart from spending on infrastructure, there should also be consistency in good governance as observed in the present administration, said Jose Ma. Concepcion 3rd, RFM president and CEO.

“This administration was known for its good governance. We’d like to see a continuity of that in the next administration. But we’d also like an administration that is decisive and eager to really taking risks… There’s a lot of infra which is not there. We need more of these in the vicinities,” Concepcion noted.

“Good governance is not the only basis. There is lack of infrastructure projects, but the current government is scared to make decisions. We need to see more PPPs [public-private partnership projects] coming,” he added.

SSI Group Inc. President Anthony Huang mirrored the position of his colleagues, saying that the next President should ramp up the implementation of policies in infrastructure and tourism as the backbone of the retail industry where the company operates.

Infrastructure spending has been a long-pressing issue under the Aquino administration that spurred a lower-than-expected growth in the gross domestic product due to lower spending on infrastructure.

Share.
loading...
Loading...

Please follow our commenting guidelines.

1 Comment

  1. willie macawili on

    Not only the government past and present are scared to make decisions but are biased as well. They are only focused on the NCR at the expense of other areas that have potentials to become business centers. Political influence and bullying are in the middle of it all. Additional new infrastructure is quite an exercise in futility in a very crowded place like Manila when the space added doesn’t catch up with the volume of people moving into city looking for a (better) job. Modern infrastructure is very much needed in high volume tourist areas especially Central and western Visayas and sad to say what they have is not at par with neighboring countries like Thailand or Malaysia. How can we convince high end investors to come to places like beautiful Antique to set up business when the roads and highways are wanting and airports are small and crowded?