British Chamber: Need to boost economic recovery

(As released) The British Chamber of Commerce Philippines held its 2021 Virtual Economic Outlook: Fostering Resiliency, Boosting FDIs and Welcoming Opportunities in a Post-Pandemic World on Friday, Jan. 29, 2021.

Present speakers on the event are Undersecretary Ceferino Rodolfo, Industry Development and Trade Policy Group and DTI Vice Chairman and Managing Head of Philippine Board of Investment, Undersecretary Rosemarie Edillon, National Development Policy and Planning and Edward Lee, Chief Economist, ASEAN and South Asia, Standard Chartered Bank.

During the event, topics ranging from vaccination, travel restrictions, removing economic barriers and age restrictions in the Philippines were discussed.

DTI and NEDA called for the government to allow children to go out in a bid to increase economic activity. NEDA also emphasized the importance of removing economic barriers and passing the economic reforms to attract foreign direct investment in the country such as the Corporate Recovery and Tax Incentives for Enterprises Act and Retail Trade and Liberalization Act.