The Senate committees on economic affairs and trade are set to scrutinize the country’s foreign investment laws and policies, with the aim of strengthening the current investment regime by making it more adaptable to global business demands and trends.
To ensure “judicious, prudent, and sound economic planning” by the government, Senator Win Gatchalian wants to review the status, sustainability, and risks of projects under the Duterte administration’s “Build, Build, Build” (BBB) infrastructure program.
Senator Win Gatchalian is seeking the replacement of quantitative restrictions (QRs) on rice imports with a 35% tariff that is expected to make the country's foremost staple food more affordable for all.
Senator Win Gatchalian is calling on the government to take immediate action to boost the country’s economic competitiveness after it took a big hit in recently released rankings.
Senator Win Gatchalian urged the Senate to prioritize the passage of the SIM Card Registration Act after the House of Representatives approved its own version (House Bill No. 7233) earlier this week.
Senator Win Gatchalian did not mince words as he reprimanded government representatives for their failure to fully implement the unconditional cash transfer (UCT) program which is meant to shield low-income Filipinos from price increases due to the Tax Reform for Acceleration and Inclusion (TRAIN) law.
Senator Win Gatchalian urged the government to launch emergency financial assistance and livelihood programs to compensate workers in the informal sector for lost wages expected during the six-month closure of Boracay Island, which takes effect this week.
Encouraged by the country's record-setting foreign direct investment (FDI) inflows in 2017, Senator Win Gatchalian stressed anew the need to remove legal restrictions that continue to hamper foreign investors seeking to pump money into the Philippine retail trade industry.
On the heels of a glowing report which crowned the Philippines as the "best country to invest in," Senator Win Gatchalian asserted that the country's dubious distinction as the "sick man of Asia" will soon be a thing of the past.