“The seven key growth sectors identified by the Arangkada Philippines Project – a 2010 policy paper that aims to boost the Philippine economy – are still relevant today, said Ebb Hinchliffe, executive director of the American Chamber of Commerce of the Philippines, Inc. (AmCham Philippines).
There are some legislative priorities that can help streamline the business environment in the Philippines, he also told BusinessWorld. These include the separation of regulatory and development functions in various government agencies, particularly for aviation and seaports, as well as the establishment of Water Resources and Disaster Resilience departments.
AmCham Philippines, Mr. Hinchliffe added, also advocates for job creation through increased foreign direct investment.
“The more investment we get in here, the more jobs we create…What better way to lift the Philippines out of poverty than bring in more foreign direct investment and create more jobs,” he said. “Things are going in the right direction here over the last 15 years.”
Interview by Patricia Mirasol
Video editing by Jayson Mariñas
