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Go hails Duterte certification on Senate bills for improving PH investment climate

Philippines | National

Go hails Duterte certification on Senate bills for improving PH investment climate

By Mario Casayuran

Senator Christopher “Bong” Go on Wednesday, April 14, lauded President Duterte for certifying as urgent three legislative measures which aim to improve the business and investment climate in the Philippines.

(ALI VICOY / FILE PHOTO / MANILA BULLETIN)

These are Senate Bills No. 2094, 1156 and 1840 which seek to amend the existing Public Service Act, Foreign Investments Act, and the Retail Trade Liberalization Act, respectively.

Go, in thanking Duterte, said the three policy measures would support the business sector, help investment inflows, and give opportunities to Filipinos to recover from the impacts of the novel coronavirus disease (COVID-19) pandemic.

The Senate and the House of Representatives are currently on a Lenten break.

Both chambers will have to act fast on the three measures when they resume regular session on May 17. After three weeks, they will adjourn sine die on June 4.

Go also urged the government to prioritize the implementation of an investment plan which would ensure equitable distribution of wealth, and help the socio-economic development in the countryside.

He said this would help communities recover and provide more economic opportunities to those who wish to start a new life in the provinces.

By attracting investments to be infused outside the metropolitan area, Go said there will be more employment, livelihood opportunities and increase of technology transfer in the countryside.

The former special assistant to the President was the main proponent of the "Balik Probinsya, Bagong Pag-asa Program" which sought to decongest Metro Manila and accelerate socio-economic development in other regions of the country.

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