“Policy consistency and regulatory stability are the keys to the Philippines’ economic growth, said Marian Norbert Majer, chairperson of the Policy and Advocacy Committee of the German-Philippine Chamber of Commerce and Industry (GPCCI).
The Philippine Congress, he said, has made “great progress” in advancing pro-business policies, citing tax reform measures such as TRAIN 1 (Tax Reform for Acceleration and Inclusion Act), TRAIN 2 (also known as TRABAHO Bill), CREATE (Corporate Recovery and Tax Incentives for Enterprises Act), and CREATE MORE (Maximize Opportunities for Reinvigorating the Economy Act).
There is room for improvement in the effective implementation and enforcement of the country’s laws, however, Mr. Majer told BusinessWorld.
Interview by Patricia Mirasol
Video editing by Jayson Mariñas
