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MANILA, Philippines — Major foreign business groups have outlined a 12-point legislative wish list that they want President Marcos to prioritize in his penultimate State of the Nation Address (Sona), saying further reforms and consistent implementation are needed to improve the country’s investment climate.
In a letter dated July 21 and addressed to Mr. Marcos, the Joint Foreign Chambers of the Philippines (JFC), which comprises six international business groups, said that while “significant reforms” had already been enacted to attract investments, more must be done to sustain their gains.
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“Several reforms already enacted have the potential to significantly improve the investment climate, but their success will depend on consistent implementation across government agencies and clear regulatory guidance,” the JFC said.
