LOCAL micro, small and medium enterprises (MSMEs) are in need of development financing to sustain their operations as many merchants remain unable to access affordable credit, an official of the umbrella organization of Philippine exporters said on Tuesday. PhilExport Vice President for Advocacy, Communications and Special Concerns Ma. Flordeliza C.…
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BOT LAW AMENDMENT. Changes in the country's Build-Operate-Transfer (BOT) Law are needed to encourage more investors to help in the government's infrastructure program. An official of a business risk and security consultancy office is optimistic that the needed changes will materialize during the Marcos administration. (PNA file photo) MANILA - An official of a business risk and security consultancy firm is optimistic about the amendment in the country's Build-Operate-Transfer (BOT) Law, citing its benefits to the government's bid to hike infrastructure spending. Greg Wyatt, director of business intelligence of the Philippine Strategic Associates (PSA), said the current BOT Law of the country is not attractive to investors. "And the way that's going to change is through the amendments to the Build-Operate-Transfer Law," he said in a virtual briefing hosted by the Nordic Chamber of Commerce of the Philippines, Inc. (NordCham Philippines) on Wednesday. Wyatt
Foreign and business groups in the Philippines have called for the passage of 24 priority reform measures in the 19th Congress to boost economic growth in the country.
The groups submitted their recommendations to President Ferdinand Marcos Jr. on July 20 in anticipation of the president’s first S