Published April 20, 2021, 8:00 AM
The construction sector yesterday warned that Senate Bill 1809 filed by Senator Ramon Revilla Jr., who seeks to open the industry to foreign competition, will be a “death knell” for domestic players who have not enough capital to match foreign firms.
Wilfredo L. Decena, president of Philippine Constructors Association (PCA) said the bill if passed into law “will effectively open the construction industry to foreign contractors without providing any further regulations.”
PCA President Wilfredo Decena
Senate Bill 1809, filed by Senator Ramon Revilla Jr. on September 2020, seeks to amend the Contractor’s License Law (RA. 4566). The PCA said that the proposed amendment to the law allowing “persons, regardless of nationality or citizenship” properly licensed and registered with proper authorities to practice construction contracting in the Philippines will it very difficult for local firms to compete.