Image via WikipediaBUSINESSMEN ON Friday outlined their concerns on the economy and governance at a meeting in Malacañang with President Benigno C. Aquino III.
A wish list for the next six years was presented by Makati Business Club (MBC) chairman Ramon R. del Rosario, Jr. in behalf of his group, the Philippine Chamber of Commerce and Industry, Management Association of the Philippines and the Joint Foreign Chambers.
Mr. del Rosario, while noting recent gains such as a stock market surge, the strong peso and an oversubscribed global bond issue, said much more needed to be done.
Businessmen are also concerned over vacancies in key government positions, which if left unfilled for long would send the impression that the Aquino administration was lacking a sense of urgency.
The government, Mr. del Rosario added, should also articulate clear and stable policies with respect to major economic sectors.
The businessmen’s proposals include:
- wage setting reforms and the upgrading of the Labor Code as "significant provisions have become much archaic and irrelevant to the globalized environment";
- early implementation of an open skies policy and full use of the Ninoy Aquino International Airport 3 (NAIA 3) terminal to improve access to tourist spots;
- a review of the common carriers tax which was described as discriminating against foreign firms; and
- the pursuit of a disaster prevention, mitigation and preparedness program.
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