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JFC urges immediate passage of Public Service Act – Manila Bulletin


Published May 25, 2021, 6:00 AM
Foreign businessmen have strongly urged Congress to pass at the earliest possible time the amendments of the Public Service Act (PSA), which seeks to open more economic activities in the country to higher foreign equity, as they vowed to promote to foreign investors in the Philippines once the critical economic reforms are passed. 
The Joint Foreign Chambers (JFC) of Commerce of the Philippines, which is composed of 14 foreign chambers, issued a statement as the  following the Senate commenced the plenary debate on SB 2094 or the Amendments of the PSA. The House approved its version of the bill on March 10, 2020. ....

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Business backs House bill on airports authority


Published May 18, 2021, 3:57 PM
The Joint Foreign Chambers (JFC) and industry associations laud the approval by the House committees on Government Enterprises and Transportation of House Bill 7976 creating the Philippine Airports Authority (PAA). 
At the same time, JFC urged the Senate to initiate hearings on the reform with a view to approving it by the end of 2021.
The two House committees are chaired by Rep. Eric Olivarez and Rep. Edgar Mary Sarmiento, respectively. In his sponsorship of the bill, Chairperson Olivarez (Paranaque City, 1st District) stated “the differences between the operational and supervisory controls of airports in the Philippines have resulted to conflicting policies and programs among airports concerning airport maintenance, operations and development leaving overall airport management in the country with much room for improvement.”  ....

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Business groups press passage of CAAP Law amendments


Published May 12, 2021, 3:56 PM
Following the approval by the House Committee on Transportation on House Bill 8700, amending the Civil Aviation Authority of the Philippines (CAAP), business groups also recommended that the Senate file a counterpart measure and initiate hearings on the reform with a view to approving it by the end of 2021.
In a statement, the Joint Foreign Chambers (JFC) and Philippine business groups (PBG) emphasized that HB 8700 seeks to strengthen CAAP as the agency in charge of safety. It will enable CAAP to focus on its role as regulator and overseer of safety by removing its conflicting and multiple functions as operator and investigator. The House Committee on Transportation is chaired by Rep. Edgar Mary Sarmiento (Samar, 1st District). ....

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