EDITORIAL – Wishlist | Philstar.com


The new administration inherited a deadly and economically crippling pandemic, a heavy debt contracted to respond to the health crisis, soaring fuel prices, a very weak peso as well as crises in agriculture, food security and education.

Today, President Marcos is expected to outline the outline he painted in his inaugural address, listing specific policies to carry out his priorities during his first year in office. This being his first state of the nation address, he is also expected to unveil his long-term goals for the next six years.

Given budget constraints, he said he would rely more on public-private partnerships to deliver key infrastructure and development projects. As he draws up his roadmap, local business groups and foreign chambers have released something of a wish list, pushing for 24 measures to be passed under the 19th Congress.

Given that the president wants stronger partnerships with the private sector, he can urge his super majority in Congress to consider many of the proposed measures. Seven reached advanced stages of approval during the 18th Congress. These include the Liberalization of Foreign Capital Restrictions Bills in the Constitution, Free Access to Data Transmission, Ease of Payment of Taxes, Promotion of Digital Payments, and Assessment and Assessment Reforms. property assessment as well as capital income and financial taxes.

A push for the creation of a Disaster Resilience Department may have to take a back seat as the Budget and Management Department continues to restructure the bureaucracy, which is expected to involve job cuts.

A test of the new administration’s commitment to transparency will be the passage of a freedom of information law – a measure that has been rejected by lawmakers for many years now. The proposed measure, backed by the Ministry of Finance, to relax bank deposit secrecy laws is also likely to be controversial.

Other measures pushed by the six major business groups and six foreign chambers are changes to two laws to promote hybrid or flexible working hours in economic zones, and changes to laws on PPP and the build-operate-transfer. Amendments to the Electronic Commerce Act, Intellectual Property Code and Port Authority Charter of the Philippines are also being pushed.

The groups are also calling for national unemployment insurance and pandemic protection laws, repeal of the flag law, establishment of a Philippine airports authority, streamlining of vacations, reform of the learning, the relaxation of property rules on agricultural land, the promotion of satellite and international technologies. the competitiveness of maritime trade and the strengthening of the pension system.

There’s a lot on everyone’s plate, aside from these proposed economic measures. With Congress officially beginning its session, Malacañang and the legislature must get to work.

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